Food inflation biggest challenge in disinflationary process: RBI Guv Shaktikanta Das
Jun 19, 2024, at 02:41 am
Mumbai: Despite the central bank's efforts to reduce India's retail inflation to its 4 percent target, the final stages of the disinflationary process are challenging due to persistently high food prices, Reserve Bank of India Governor Shaktikanta Das stated at an event on Tuesday.
SBI to raise Rs 10,000 cr via infra bonds: Report
Jun 18, 2024, at 10:31 pm
Mumbai: The State Bank of India (SBI), the country's largest lender, has initiated discussions with market participants to raise approximately Rs 10,000 crore ($1.20 billion) through infrastructure bonds, reported Reuters on Tuesday, citing two merchant bankers.
Coal India to explore lithium blocks in Argentina in collab with US company: Report
Jun 18, 2024, at 10:22 pm
New Delhi: State-owned Coal India Ltd is exploring lithium blocks in Argentina in collaboration with a US company to secure supplies of this crucial battery material, reported Reuters.
Indian Hotels Company expands its footprint in Bhutan with the signing of an 83-key hotel in Thimphu
Jun 18, 2024, at 09:58 pm
Indian Hotels Company (IHCL), India’s largest hospitality company, further strengthens their footprint in Bhutan with the signing of an 83-key hotel in Thimphu. This hotel will be rebranded to an IHCL – SeleQtions.
CII President Sanjiv Puri feels India will be third-largest economy in next few years
Jun 17, 2024, at 10:41 pm
A top Indian industry chambers body's head has claimed India will become the world's third-largest economy in the next few years.
SoftBank develops AI-driven voice tech to deal with angry customers
Jun 15, 2024, at 04:33 am
Japanese tech giant SoftBank Corp has introduced an innovative voice-altering phone technology to combat the growing issue of "customer harassment."
Paytm employees allege forced resignations; company rejects allegations
Jun 15, 2024, at 04:28 am
Mumbai: Several Paytm employees are on the verge of losing their jobs, with some staff members unsuccessfully negotiating for a pay cut instead, according to The Times of India.
PNB MetLife announces Rs 930 cr benefitting 5.82 lakh customers
Jun 15, 2024, at 03:00 am
Mumbai: PNB MetLife has announced a bonus of Rs 930 crore for eligible participating policyholders, benefiting 5.82 lakh customers.
Adani Enterprises promoters raise stake to 73.95% in the company
Jun 15, 2024, at 02:34 am
Mumbai: Gautam Adani and the promoter group of Adani Enterprises have acquired over two percent of the company's stake from the open market between September 2023 and June 2024, as reported in a stock exchange filing on June 14.
Nirmala Sitharaman set to make history with 7th consecutive Budget next month
Jun 15, 2024, at 01:26 am
New Delhi: Finance Minister Nirmala Sitharaman is poised to make history next month when she presents the Union Budget 2024-25 in Parliament.
Hyundai to liquidate 17.5% stake in Hyundai Motor India to raise up to $3 billion via IPO
Jun 14, 2024, at 10:23 pm
Mumbai: South Korean automaker Hyundai plans to reduce its 17.5 percent stake in its Indian subsidiary, Hyundai Motor India, through an initial public offering (IPO) aimed at raising between $2.5 billion and $3 billion, media reports said.
Vodafone Group to sell entire $2.3 bn stake in Indus Towers
Jun 14, 2024, at 10:15 pm
Mumbai: Vodafone Group is planning to sell its entire $2.3 billion stake in India's Indus Towers through block deals on the stock market next week, Reuters reported citing two sources with direct knowledge of the matter.
Bisk Farm introduces two new products in its 'Eat Fit' range
Jun 14, 2024, at 05:04 am
Kolkata: SAJ Food’s bakery brand Bisk Farm has expanded its 'Eat Fit' portfolio with the launch of two new offerings: ‘Eat Fit Digestive’ and ‘Eat Fit Atta Marie’.
Godrej & Boyce plans to double revenue in next 3 yrs, eyes India’s EV sector growth
Jun 14, 2024, at 03:52 am
Mumbai: Godrej & Boyce on Thursday announced that its motor components business is targeting to double its revenue to Rs 1000 crore within the next three years, with 50% of the revenue coming from India, and the remaining targeted from exports.
The Top Trading Types in India
Jun 13, 2024, at 11:32 pm
Hundreds and thousands of people are interested in trading, whether that's trend trading, day trading, or rather trading in cryptocurrency, securities and futures. These are all exciting avenues to explore, but it's essential to know the actual meaning behind each term and methodology, along with the associated risks and requirements.
SEBI fines former CNBC Awaaz anchor, technical analyst for engaging in fraudulent trading practices
Jun 12, 2024, at 07:13 pm
New Delhi/IBNS: The Securities and Exchange Board of India (SEBI), the regulatory body for securities and commodity market in the country, on Tuesday (June 11) imposed a fine of Rs 1 crore each on former CNBC Awaaz markets editor Pradeep Pandya and technical analyst Alpesh Vasanji Furiya for engaging in fraudulent trading practices, reports said.
India's bankruptcy regulator seeks views on cutting red tape to help resolution professionals
Jun 12, 2024, at 05:16 pm
New Delhi/IBNS: India's bankruptcy rule-maker, the Insolvency and Bankruptcy Board of India (IBBI), said that it is planning to reduce the compliance burden of debt resolution professionals so that they can concentrate on stitching together rescue plans for companies under their supervision.
State Bank of India to raise $3 billion via debt in FY2025
Jun 12, 2024, at 05:13 pm
Mumbai/IBNS: India's largest lender State Bank of India (SBI) on Tuesday (June 11) said that its board has approved raising up to $3 billion via debt in the current fiscal year (FY25), reports said.
S&P 500, Nasdaq post all-time closing highs ahead of CPI, Fed decision
Jun 12, 2024, at 05:11 pm
New York/IBNS: The S&P 500 and Nasdaq rose on Tuesday (June 11) to end at all-time highs, reversing early losses as investors prepared for upcoming inflation data and the United States Federal Reserve's policy meeting, reports said.
Reliance Power becomes debt-free company on standalone basis, pays all its debts and dues
Jun 11, 2024, at 08:08 pm
Mumbai/IBNS: Reliance Power, a part of Reliance Anil Dhirubhai Ambani Group, has become a debt-free company on a standalone basis clearing all outstanding debts and dues to lenders, reports said.
Jun 11, 2024, at 07:04 pm
New York/IBNS: Renowned entrepreneur and investor on the popular TV show Shark Tank, Mark Cuban, has revealed how 300 of the 330 employees of his audio streaming service Broadcast.com were turned into millionaires, highlighting the practice of sharing profits with employees following company sales.
IndiGo shares tank 4% as parent InterGlobe Enterprises offloads 2.2%
Jun 11, 2024, at 06:07 pm
New Delhi/IBNS: The shares of India's leading domestic and international passenger airline InterGlobe Aviation Ltd, which does business as IndiGo, slumped by 4 percent after a block deal involving 83.7 lakh shares, representing a 2.2 percent stake in the company, took place on the exchanges, reports said.
Sensex opens in red, Nifty 50 near 23,250
Jun 11, 2024, at 05:42 pm
Mumbai/IBNS: Indian equity benchmark indices -- S&P BSE Sensex and NSE Nifty 50 -- opened in red on Tuesday (June 11) as global cues weighed on market sentiment with the lack of any major trigger for a rally.
Sensex, Nifty 50 hit lifetime highs after Narendra Modi takes oath as PM
Jun 10, 2024, at 05:41 pm
Mumbai/IBNS: Indian stock market hit a fresh lifetime high in early trade on Monday (June 10), with benchmark indices Sensex and Nifty 50 rising above 77,000 and 23,400, respectively, after Narendra Modi took oath as India's Prime Minister for a third consecutive time.
RBI says India's forex reserves hit all-time high of $651.5 billion
Jun 10, 2024, at 12:36 am
The Reserve Bank of India recently said India's forex reserves has moved up to touch USD 4.837 billion to touch a new all-time high of USD 651.51 billion for the week ended May 31.
Jun 09, 2024, at 07:30 pm
Tech entrepreneur Elon Musk on Sunday expressed gratitude to Indian-origin techie Ashok Elluswamy, appointed as the first member of the Tesla autopilot team.
Adani Ports bags 5-year O&M contract of container facility in Kolkata's Syama Prasad Mookerjee Port
Jun 08, 2024, at 09:05 pm
New Delhi/IBNS: Adani Ports and Special Economic Zone Limited (APSEZ) announced that it has received the letter of intent (LOI) for the operation and maintenance (O&M) of the container facility in Kolkata's Syama Prasad Mookerjee Port, reports said.
NCLT gives nod for Vistara-Air India merger
Jun 08, 2024, at 07:01 pm
Chandigarh/IBNS: The National Company Law Tribunal (NCLT), a quasi-judicial body in India that adjudicates issues relating to Indian companies, at Chandigarh has given its nod for a merger between two airline companies -- Air India and Vistara.
Oil prices plunge on deflated US interest rate cut expectations, OPEC+ decision
Jun 08, 2024, at 06:25 pm
New York/IBNS: Oil prices plunged on Friday and posted a third straight weekly loss as investors weighed OPEC+ reassurances against the latest United States jobs data that lowered expectations that the Federal Reserve will cut interest rates soon, reports said.
Chandrababu Naidu's wife earns Rs 584 cr as Heritage Foods stock soars 64% in 5 days
Jun 08, 2024, at 05:41 pm
Mumbai/IBNS: With a 64 percent surge in the last five days, the post-Lok Sabha election results uptrend in Heritage Foods shares is one of the significant stock-specific developments in the Indian stock market.