RBI's MPC Committee airs concern about trends in food inflation
Dec 23, 2023, at 04:29 am
Mumbai: All the six members of Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) expressed concern over food inflation, and two external members cautioned against the elevated real interest rates as headline inflation nears its 4 percent target, media reports said, citing the minutes of the meeting.
Tencent spearheads $80 billion decline in value amid fears of China's crackdown on gaming industry
Dec 23, 2023, at 03:13 am
Beijing: Tencent Holdings Ltd. led an $80 billion market rout in several major Chinese online companies, following the sudden implementation of new gaming restrictions that reignited concerns about Beijing's renewed focus on the nation's vast internet sector, Bloomberg reported.
Waaree completes 50MW solar module supply to a USA firm
Dec 22, 2023, at 11:29 pm
Indian solar panel manufacturing firm WAAREE Energies ltd on Thursday said it has completed the timely delivery of 50 MW Solar modules Fortune 500 Company, in USA.
Indian Market: Sensex advanced 241.86 pts
Dec 22, 2023, at 11:03 pm
The BSE Sensex on Friday further gained by 241.86 pts at 71,106.96 as renewed buying was seen in Realty, Technology, IT and Metal stocks.
Indian-American CEO of Wayfair tells employees to work for long hours
Dec 22, 2023, at 08:31 pm
Indian-American CEO of a US-based online furniture company has sent a special message to its employees after the firm yielded profitable results.
Rupee rises 4 paise against USD
Dec 22, 2023, at 04:49 pm
Mumbai/UNI: The Rupee on Friday gained four paise at 83.24 in the opening session on selling of US Dollar by bankers and exporters, dealers at the Foreign Exchange said.
Dec 22, 2023, at 04:47 pm
Mumbai/UNI: The BSE sensex on Friday advanced 180 pts to open at 71,045.65 as renewed buying was seen in Commodities, Consumer Discretionary Goods and Services stocks.
Sensex down by over 500 points
Dec 21, 2023, at 04:49 pm
Mumbai/UNI: The BSE Sensex remained under pressure for the second straight session on Thursday as it dropped 586 pts at 69,920.89 in the opening session as selling was seen across the board.
BPCL plans to invest Rs 5,044 crore to set up polypropylene unit at Kochi refinery
Dec 21, 2023, at 06:13 am
Mumbai: Bharat Petroleum Corporation Limited (BPCL) on Wednesday announced an investment of Rs 5,044 crore to set up a polypropylene unit at Kochi refinery.
Over 99% ration cards seeded with Aadhar to target genuine PDS beneficiaries
Dec 21, 2023, at 06:10 am
New Delhi: Around 99.8% of ration cards have been seeded with Aadhaar for the rightful targeting of Public Distribution System (PDS) beneficiaries in the country.
Mukesh Ambani-led Reliance Industries continues to top in media visibility: Report
Dec 21, 2023, at 05:45 am
Mumbai: Mukesh Ambani's Reliance Industries Ltd, the leading Indian company in terms of revenues, profits, and market value, bagged the top position in the 2023 Wizikey News Source ranking as the most prominently featured corporate in the media, a media report said.
Govt to unveil data protection law soon, official notification likely in Jan: Report
Dec 21, 2023, at 05:41 am
New Delhi: The government is set to release the draft regulations for the Digital Personal Data Protection Law shortly, and intends to officially notify in January, Moneycontrol reported.
India’s inflation expected to ease to 4.6% in the first three qtrs of next fiscal: RBI Bulletin
Dec 21, 2023, at 05:06 am
Mumbai: India’s inflation is anticipated to ease to 4.6% during the first three quarters of the fiscal year 2024-25 (FY25), according to the Reserve Bank of India's December 2023 bulletin released on Wednesday.
UPI transactions in Dec 2023 touch Rs 17.4 lakh cr: RBI Bulletin
Dec 21, 2023, at 04:48 am
Mumbai: The UPI transactions reached a cumulative value of Rs 17.4 lakh crore in December 2023 according to the Reserve Bank of India's monthly bulletin.
Government of Assam signs MoU with Bandhan Bank
Dec 21, 2023, at 04:45 am
Kolkata: Bandhan Bank Wednesday announced that it has secured the mandate to collect revenue on the e-GRAS Portal from the Assam government.
India's traded bond outstanding grows to Rs 205 lakh cr in Sept qtr: Report
Dec 21, 2023, at 04:39 am
New Delhi: The government’s overall outstanding bonds traded in the country increased to USD 2.47 trillion (Rs 205 lakh crore) in the September quarter compared to USD 2.34 trillion (Rs 200 lakh crore) in the previous fiscal's March quarter, according to a report.
RBI's statistical model predicts India's FY25 GDP growth at 6%
Dec 21, 2023, at 04:35 am
Mumbai: The Reserve Bank of India's statistical model predicts India's GDP growth for the next year (FY25) at 6.0%, which is 50 basis points lower than the central bank's official forecast of 6.5%.
Indian Market: Sensex crashes 930 points
Dec 20, 2023, at 10:49 pm
Registering an all-time high in the opening session on Wednesday, it was tanked 930.88 pts to close at 70,506.31 as heavy selling was seen across the board despite the positive global market.
TVS Motor Company launches TVS Apache RTR 310 in West Bengal
Dec 20, 2023, at 08:52 pm
Kolkata: Backed by a rich racing pedigree spanning over four decades, TVS Motor Company unveils the latest addition and a new flagship to its iconic Apache line-up: the TVS Apache RTR 310 in Kolkata, West Bengal on Wednesday.
Sensex opens at all-time high of 71,647.66 points
Dec 20, 2023, at 05:52 pm
Mumbai/UNI: The BSE Sensex on Wednesday opened a life-time high at 71,647.66 as buying was witnessed across the board.
NTPC Group achieves its fastest-ever 300 Billion Units electricity generation
Dec 20, 2023, at 05:30 am
New Delhi: Government-owned NTPC Group has achieved the fastest ever 300 Billion Units (BU) electricity generation on 18th December 2023, the Ministry of Power said on Tuesday.
Total digital payment transactions jump at a CAGR of 45 % to Rs 13,462 crore in FY23
Dec 20, 2023, at 05:27 am
New Delhi: India’s total digital payment transactions volume increased from Rs 2,071 crore in FY 2017-18 to 13,462 crore in FY 2022-23 at a CAGR of 45 percent.
CCI green lights Nirma Ltd's acquisition of Glenmark Life Sciences
Dec 20, 2023, at 05:07 am
New Delhi: The Competition Commission of India (CCI) on Tuesday gave its nod to Nirma Limited to acquire the majority shares of Glenmark Life Sciences Limited.
RBI allows digital payment firms Razorpay and Cashfree Payments to function as payment aggregators
Dec 20, 2023, at 04:56 am
Mumbai: Digital payment firms Razorpay and Cashfree Payments have obtained the final approval from the Reserve Bank of India (RBI) to function as payment aggregators, allowing them to onboard new merchants following a nearly one-year regulatory ban, media reports said.
Borrowing for consumer durables on the rise; EMI cards remain popular medium of credit: Survey
Dec 20, 2023, at 04:51 am
Mumbai: The trend in borrowing, in the last three years, has shifted from running the household to buying consumer durable such as smartphones and home appliances, according to a study.
NTPC market cap crosses Rs 3 trillion, joins Reliance, TCS in elite club
Dec 20, 2023, at 04:05 am
Mumbai: The state-owned power generation company, National Thermal Power Corporation (NTPC), has entered the league of companies with a market capitalization exceeding Rs 3 trillion.
Unclaimed deposits with banks rise 28% YoY to Rs 42,272 cr
Dec 20, 2023, at 03:52 am
New Delhi: There has been a significant 28 percent annual increase in unclaimed deposits held by banks, amounting to Rs 42,270 crore, the government informed the Parliament on Tuesday.
RBI prohibits lenders from investing in AIFs linked to their borrowers
Dec 20, 2023, at 03:20 am
Mumbai: The Reserve Bank of India (RBI) on Tuesday said that entities under its regulation, including banks, non-bank lenders, and home financiers, are prohibited from investing in alternative investment funds (AIFs) that have, either directly or indirectly, invested in companies that have borrowed funds from these lenders.
EV registration jumps 19% between June and December
Dec 20, 2023, at 03:16 am
New Delhi: The Ministry of Heavy Industries on Tuesday said that a total of 819,223 electric vehicles (EVs) have been registered, according to a press release.
Varun Beverages to buy Pepsi India's bottler in South Africa
Dec 20, 2023, at 02:56 am
Varun Beverages, the Pepsi India bottler, on Tuesday announced its plans to acquire The Beverage Company, a South Africa-based entity, in a deal valued at 13.2 billion rupees ($158.71 million), media reports said.