Ola Cabs withdraws international operations to focus on Indian market
Apr 11, 2024, at 03:34 am
Bengaluru: Ride-hailing company Ola Cabs is withdrawing from its international operations, including the United Kingdom, Australia, and New Zealand, to concentrate on expanding its electric vehicle (EV) fleet and strengthening its presence in the Indian market.
Maruti Suzuki India hikes prices of select models; Swift raised by Rs 25,000
Apr 11, 2024, at 02:46 am
Gurugram: Maruti Suzuki India announced on Wednesday that it has raised the prices of its hatchback Swift by up to Rs 25,000, and also hiked the price of a specific variant of the SUV Grand Vitara.
Tesla may join hands with Reliance to manufacture EVs in India: Report
Apr 11, 2024, at 02:31 am
New Delhi: Tesla is exploring the possibility of forming a partnership with Reliance to set up its operations in India, media reports said.
Tesla Chief Elon Musk to meet PM Modi in Apr; to announce plans for EV manufacturing in India
Apr 11, 2024, at 02:03 am
New Delhi: Tesla's top boss Elon Musk will visit India this month to hold a meeting with Prime Minister Narendra Modi and is expected to announce plans to invest and open a new EV manufacturing plant in India, media reported.
Sensex ends strong at 75038.15
Apr 10, 2024, at 10:24 pm
The BSE Sensex on Wednesday ended firm, breaching 75K level to 75038.15, up 354.45 pts following gains in Oil and Gas, Metal and Energy stocks amid mixed Asian Market.
Apr 10, 2024, at 09:36 am
Mumbai: The Board of TFCIL further approved allotment of 22,23,000 equity shares to Aditya Kumar Halwasiya at a price of Rs 225 per equity share at its Meeting held on the April 5, 2024.
RBI launches survey of manufacturing companies
Apr 10, 2024, at 08:28 am
Mumbai: The Reserve Bank has started the latest cycle of its quarterly survey on order books, inventories, and capacity utilization of manufacturing firms, which serves as a crucial component for shaping monetary policy.
EU-India join partner to recycle EV batteries; invite EoI from start-ups
Apr 10, 2024, at 08:20 am
New Delhi: The European Union (EU) and India on Tuesday invited Expression of Interest (EoI) from startups working in Battery Recycling Technologies for Electric Vehicles (EVs) for a matchmaking event.
Mutual Funds, foreign portfolio investors increase stake in Paytm
Apr 10, 2024, at 07:04 am
Mumbai: One 97 Communications reported an uptick in ownership from mutual funds, retail investors, and foreign portfolio investors up to the end of the March quarter of 2024, media reported citing a stock exchange filing on Tuesday.
Gates-backed startup Infinium is making sustainable fuel from water and carbon dioxide: Report
Apr 10, 2024, at 05:48 am
A company in the United States is working towards revolutionising the transportation industry, particularly in sectors like aviation and heavy-duty trucking, which are notoriously difficult to decarbonize, media reports said.
Paytm Payments Bank MD & CEO Surinder Chawla resigns due to 'personal reasons'
Apr 10, 2024, at 05:01 am
New Delhi: In a fresh development, Paytm Payments Bank’s Managing Director and CEO, Surinder Chawla, has stepped down due to personal reasons, its parent company One97 Communications Limited said in a filing with the stock exchanges.
Adani Green Energy to raise $400 million via offshore loan: Report
Apr 10, 2024, at 04:56 am
Mumbai: Adani Green Energy Ltd. is currently involved in discussions to secure around $400 million via an overseas loan, as part of its efforts to finance an upcoming renewable project, media reports said
EV sales witness growth across categories in FY24
Apr 10, 2024, at 04:47 am
New Delhi: Electric vehicle retail sales in India witnessed growth across all segments in the previous fiscal year ended on March 31, 2024, including passenger vehicles and two-wheelers, according to the Federation of Automobile Dealers Associations (FADA).
Novartis to cut 680 jobs in product development: Report
Apr 10, 2024, at 02:40 am
New Delhi: Swiss pharmaceutical company Novartis said on Tuesday that it plans to reduce its development organization workforce by as many as 680 positions, media reports said.
Sensex opens at an all-time high of 75,124.28
Apr 09, 2024, at 05:30 pm
Mumbai/UNI: The BSE Sensex on Tuesday opened at an all-time high, touching the 75,000-level for the first time at 75124.28, up 382 points as buying was seen across board amid mixed global cues.
Unlocking Growth with Step Up SIP Calculator in Mutual Funds
Apr 08, 2024, at 09:34 pm
In the ever-evolving world of investments, the mutual fund sector continues to offer innovative tools to aid investors in their quest for financial growth and security. Among these tools, the Step Up Systematic Investment Plan (SIP) calculator stands out as a beacon for those looking to amplify their investment outcomes.
Apr 08, 2024, at 05:31 pm
Mumbai/UNI: The BSE Sensex on Monday rallied 399 points to 74647 in the opening session as buying was seen across the board.
Sensex opens 500 points up during morning trade
Apr 08, 2024, at 03:56 pm
The BSE Sensex on Monday rallied 399 points to 74647 in the opening session as buying was seen across the board.
Apr 08, 2024, at 12:45 am
New Delhi: Eco-friendly fuels, Green Hydrogen (GH2) and green ammonia, considered as the future energy sources globally, have the potential to attract investments totaling USD 125 billion (equivalent to approximately Rs 10.43 lakh crore) in India by 2030, as per a research report by Avendus Capital.
SEBI cracks whip on finfluencer Ravindra Balu Bharti, orders to return Rs 12 cr
Apr 07, 2024, at 11:04 pm
Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has taken strong action against a financial influencer (finfluencer) and ordered him to return unlawfully obtained gains totalling over Rs 12 crore, media reports said.
India-Singapore bilateral trade jumps 18% to USD 35.6 billion in FY23
Apr 07, 2024, at 10:18 pm
Singapore: India-Singapore bilateral trade rose to USD 35.6 billion in 2022-23, a growth of 18.2 percent on the year, media reported.
India eyes US$100 billion annual FDI from investors looking to diversify from China
Apr 07, 2024, at 08:36 pm
New Delhi: India is targeting a minimum of US$100 billion annually in gross foreign direct investment, as the country seeks to attract investors seeking diversification from China, media reports said.
RBI slaps fines on IDFC First Bank and LIC Housing Finance for non-compliance
Apr 06, 2024, at 07:52 am
Mumbai: The Reserve Bank on Friday said that it has fined IDFC First Bank Rs 1 crore and LIC Housing Finance Rs 49.70 lakh for breaching specific regulations. The penalty on IDFC First Bank was levied due to failure to adhere to certain directives regarding 'Loans and Advances - Statutory and Other Restrictions', according to the central bank’s statement.
Global food prices grow first time in 7 months
Apr 06, 2024, at 06:10 am
Global food prices experienced a surge in March, marking the first increase since July, driven mainly by the rise in cooking oil prices, even as the costs of grains continued to decrease, stated the UN's Food and Agricultural Organization on Friday.
Air India recruited over 5,700 staff members in FY24 as part of its f-yr revival plan
Apr 06, 2024, at 05:45 am
Mumbai: Air India recruited over 5,700 staff members, with over 3,800 comprising the flying crew in the FY24, as a component of its five-year revival strategy aimed at restoring the airline's fortunes, media reported citing the airline's statement.
Bandhan Bank MD & CEO Chandra Shekhar Ghosh to step down in July after completion of tenure
Apr 06, 2024, at 05:02 am
Mumbai: Bandhan Bank Managing Director and Chief Executive Officer Chandra Shekhar Ghosh will step down from his current role when his tenure concludes on July 9, 2024, the bank announced on Friday.
RBI keeps repo rate unchanged in line with market expectations
Apr 06, 2024, at 04:54 am
Mumbai: The Reserve Bank of India on Friday kept the key interest rates unchanged at 6.50 percent, in line with the market expectations.
Apr 05, 2024, at 11:08 pm
The BSE Sensex on Friday ended almost flat at 74248.22, rising 20.59 pts as Realty, Bankex and FMCG stocks rose.
Bandhan Mutual Fund unveils Bandhan Innovation Fund
Apr 05, 2024, at 08:50 pm
Bandhan Mutual Fund has announced the launch of Bandhan Innovation Fund, an open-ended thematic fund dedicated to investing in companies at the forefront of innovative breakthroughs.
Rupee most stable compared to peers due to strong fundamentals of Indian economy: RBI
Apr 05, 2024, at 06:55 pm
New Delhi/UNI: The Indian currency (INR) was the most stable among major currencies during the past three years and this reflects sound economic fundamentals of the Indian economy, says the Reserve Bank of India.