FIIs turn bullish on financial services; acquire shares worth Rs 8,100 cr in late June
Jul 04, 2024, at 11:18 pm
Mumbai: Foreign institutional investors (FII) have shown a marked shift towards optimism in the financial services sector, purchasing shares valued at over Rs 8,100 crore during the latter half of June, reported Moneycontrol.
Jul 04, 2024, at 08:54 pm
New Delhi/IBNS: The Government of India and the telecom regulator will not interfere or stop telecom companies from increasing prices, Economic Times reported, citing officials in the know.
CMF by Nothing announces Rashmika Mandanna as brand ambassador, unveils designs of CMF Phone 1
Jul 04, 2024, at 07:20 pm
New Delhi/IBNS: CMF, a sub-brand of London-based tech company Nothing Technology Limited, has announced its partnership with Indian actress Rashmika Mandanna.
Jul 04, 2024, at 05:47 pm
New Delhi/IBNS: Union Information Technology Minister Ashwini Vaishnaw said Wednesday that the Indian government will roll out the Rs 10,000 crore India AI Mission in the next two to three months under which it will help procure computing power for the domestic industry run artificial intelligence (AI) systems.
Bajaj Housing Finance launches Sambhav home loans
Jul 04, 2024, at 06:07 am
Kolkata: Bajaj Housing Finance launched affordable and accessible housing finance product Sambhav Home Loans.
L&T bags $4 billion contracts from Saudi Aramco for gas projects
Jul 04, 2024, at 06:01 am
Riyadh: India's largest infrastructure firm L&T has secured contracts exceeding $4 billion from Saudi Aramco for the expansion of its gas projects.
No bids for Jammu Kashmir lithium block in second auction attempt: Report
Jul 04, 2024, at 05:34 am
New Delhi: India's Jammu and Kashmir received no bids in a second attempt to auction mining rights for lithium reserves discovered last year, Reuters reported citing a source with direct knowledge of the matter.
Poverty in India declines from 21.2% in 2011-12 to 8.5% in 2022-24: NCAER research
Jul 04, 2024, at 05:16 am
New Delhi: Poverty in India is estimated to have declined to 8.5% in 2022-24 from 21.2% in 2011-12, despite the challenges posed by the pandemic, according to a research paper by the economic think tank NCAER.
Jul 04, 2024, at 03:06 am
New Delhi: UPI payments are now available in the UAE through a partnership between NPCI International Payments Ltd and Network International, a key player in digital commerce across the Middle East and Africa.
India's coal production jumps 14.49% to 84.63 MT in June
Jul 04, 2024, at 02:59 am
New Delhi: The country's coal production surged by 14.49% to 84.63 million tonnes (MT) in June, up from 73.92 MT in the same period last fiscal year, according to the provisional government data.
Jul 04, 2024, at 02:22 am
New Delhi: As the Union Budget 2024 approaches, taxpayers and financial experts are keen to see if new tax deductions will be introduced or existing ones modified.
Indian Railways achieves 135.46 MT freight loading in June2024
Jul 03, 2024, at 11:30 pm
During the month of June 2024, originating freight loading of 135.46MT has been achieved against loading of 123.06MT in June 2023, which is an improvement of approx 10.07% over the last year, the Ministry of Railways said on Tuesday.
Indian social media app Koo shuts down after funding talks fail
Jul 03, 2024, at 10:25 pm
Bengaluru: Indian social media app Koo, once considered a potential future rival to the micro-blogging platform X, has shut down today, is closing down, founder Aprameya Radhakrishna announced on LinkedIn on Wednesday.
Airtel, Reliance Jio effect tariff hike from today, take a look at new plans
Jul 03, 2024, at 08:45 pm
Mumbai/IBNS: Prepaid recharge plans in India are getting expensive as the hiked tariffs earlier announced by Reliance Jio and Bharti Airtel go live today, Wednesday (July 3).
Jul 03, 2024, at 07:27 pm
New Delhi/IBNS: Since the 1991 shock, India’s steady accumulation of foreign reserves which stood at over USD 653 billion by June, comfortably surpassing the conventional thresholds for adequacy used by IMF and others, is set to act as a bulwark against any adverse geo-strategic and geo-economic factors like the Israel-Hamas and Russia-Ukraine conflicts.
Jul 03, 2024, at 06:48 pm
New Delhi/IBNS: Air India on Monday (July 1) announced that it will set up a flying training organisation (FTO) in Maharashtra’s Amravati, and make it operational by early 2026.
Punjab needs to junk free power, mono-culture farming to overcome economic woes: NCAER Paper
Jul 03, 2024, at 06:36 pm
New Delhi/IBNS: Punjab, which was the beacon of Green Revolution and has been the ‘food bowl’ of India, needs to shed its mono-culture farming, scrap subsidies like free power and water and reorient its industries and services to overcome slow economic growth, high debt, societal challenges like the drug menace and environmental degradation.
Indian Railways achieves 135.46 MT freight loading in June 2024
Jul 03, 2024, at 06:26 pm
New Delhi: The Indian Railways achieved originating freight loading of 135.46 MT during the month of June 2024 compared to 123.06MT in June 2023, up 10.07%.
India sells 44,800 tons of unprocessed aluminum to Russian companies
Jul 03, 2024, at 04:06 pm
The trade ties between India and Russia have strengthened with volume touching $65.7 billion in the financial year ending in March 2024, media reports said.
Sensex crosses 80,000 mark for the first time
Jul 03, 2024, at 03:52 pm
Touching a landmark moment, the 30-stock Sensex has crossed the 80,000 mark on Wednesday.
Jul 03, 2024, at 03:25 pm
Reserve Bank of India has been collaborating bilaterally with various countries to link India’s Fast Payments System (FPS) – the Unified Payments Interface (UPI), with their respective FPSs for cross-border Person to Person (P2P) and Person to Merchant (P2M) payments.
Education startup Unacademy lays off 250 employees in fresh round
Jul 03, 2024, at 06:57 am
Bengaluru: SoftBank-backed edtech startup Unacademy has laid off 250 employees in a new round of company-wide layoffs, media reported.
Stock gaming apps in trouble after SEBI circular: Report
Jul 03, 2024, at 03:00 am
Mumbai: Nearly half a dozen startups related to stock gaming are either shutting down, pausing operations, or considering a pivot a week after the Securities and Exchange Board of India (SEBI) banned such services, media reported.
Jul 02, 2024, at 11:40 pm
Mumbai: The Kotak Mahindra group stated that Hindenburg Research was never a client of its K-India Opportunities Fund (KIOF) or Kotak Mahindra International Ltd (KMIL) and that the fund was unaware of the US short seller being a partner of any of its investors, Moneycontrol reported.
Jul 02, 2024, at 10:38 pm
New Delhi: Hindenburg Research criticised India’s market regulator for not addressing the alleged fraud in its report on the Adani Group from early last year, stating it gained just over $4 million from the short-selling event that led to a massive market downturn for the conglomerate, Bloomberg reported.
ICC hosts Bihar Business Connect 2024 in Kolkata to showcase state's growth and investment potential
Jul 02, 2024, at 07:26 pm
Kolkata/IBNS: The Indian Chamber of Commerce (ICC) on Monday (July 1) hosted Bihar Business Connect 2024, a global investors’ summit along with Kolkata investors’ meet at Taj Bengal in the city.
Firms with women in board, top management perform better: NCAER Study
Jul 02, 2024, at 07:20 pm
New Delhi/IBNS: The ‘woman director’ mandate under The Companies Act (2013) to address gender gap led to a remarkable rise in the share of women in board positions, which led to better economic performance and lower financial risk, particularly of large and medium-sized firms, says a study by the National Council of Applied Economic Research (NCAER).
West Bengal govt withdraws temporary relief measures to real estate sector
Jul 02, 2024, at 07:13 pm
Mumbai/IBNS: The West Bengal government has withdrawn the temporary relief measures including a two percent reduction in the stamp duty and 10 percent cut in the circle rate earlier granted to the real estate sector, media reports said.
Jul 01, 2024, at 11:34 pm
Mahindra & Mahindra Ltd. (M&M Ltd.), an Indian automotive major, on Monday announced that its overall auto sales for the month of June 2024 stood at 69,397 vehicles, a growth of 11%, including exports.
TVS Motor's sales grew by 5 pct in June 2024
Jul 01, 2024, at 11:23 pm
Automobile major TVS Motor Company recorded monthly sales of 333,646 units in June 2024 with a growth of 5% as against 316,411 units in the month of June 2023.