India's forex reserves grow by $6.55 billion to $625.626 billion: RBI data
Mar 09, 2024, at 05:21 am
New Delhi: India's foreign exchange reserves surged by $6.55 billion to reach $625.626 billion for the week ending March 1, according to data released by the Reserve Bank of India announced on Friday.
Equity fund inflows grow 23% to Rs 26,866 cr in February: AMFI
Mar 09, 2024, at 05:13 am
Mumbai: Inflows to open-ended equity funds surged by 23 percent to reach Rs 26,865.78 crore in February, marking the 36th consecutive month of positive inflows into equity funds since March 2021, according to data published by the Association of Mutual Funds in India (AMFI) on Friday.
Next set of spectrum auction to start on May 20, DoT notifies
Mar 09, 2024, at 03:11 am
New Delhi: The Department of Telecommunications (DoT) announced the schedule for the auction of eight mobile internet spectrums in which all leading telecom firms will compete.
Centre keeps interest rate on small savings schemes unchanged for April-June period
Mar 09, 2024, at 03:04 am
New Delhi: The Central government on Friday decided to maintain the interest rates on small savings schemes for April-June.
Mar 08, 2024, at 05:15 am
Kolkata: Volvo Car India today launched the single motor variant of XC40 Recharge at an introductory ex-showroom price of 54.95 lakhs plus applicable taxes.
Mar 08, 2024, at 04:37 am
New Delhi: The Central Bureau of Investigation (CBI) on Thursday conducted raids at 67 locations in connection with suspicious IMPS transactions amounting to about Rs 820 crore in multiple UCO Bank accounts.
Cabinet approves 4 pct Dearness Allowance hike for central govt employees
Mar 08, 2024, at 03:17 am
New Delhi/IBNS: Ahead of the Lok Sabha elections due to take place in the next 2-3 months, the Union Cabinet chaired by Prime Minister Narendra Modi approved a hike in Dearness Allowance (DA) of 4 percent to Central Government employees and Dearness Relief (DR) to pensioners with effect from January 1 this year.
RBI, Bank Indonesia sign MoU to promote local currencies for bilateral transactions
Mar 08, 2024, at 01:17 am
New Delhi: The Reserve Bank of India (RBI) and the Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding (MoU) for establishing a framework to promote the use of local currencies for cross-border transactions.
Sensex at new peak at 74119.39 pts
Mar 08, 2024, at 01:08 am
Mumbai: The BSE Sensex on Thursday gained 33.40 pts to close at a new high of 74119.39 as buying was seen in Metal, Capital Goods and Commodities stocks.
Manufacturing will be India's focus in next 5 yrs: Ashwini Vaishnaw
Mar 08, 2024, at 12:53 am
New Delhi: Manufacturing will be India’s focus in the next five years owing to huge employment potential, IT Minister Ashwini Vaishnaw said on Thursday.
85% of Paytm wallet won't face interruptions due to regulatory actions: RBI Governor
Mar 07, 2024, at 07:08 am
New Delhi: Around 80-85% of Paytm wallet users will not face any interruptions due to regulatory actions, RBI Governor Shaktikanta Das stated on Wednesday.
Union Cabinet likely to clear Rs 76,220 cr to develop Vadhvan port in Maharashtra
Mar 07, 2024, at 06:24 am
The Union Cabinet, chaired by Prime Minister Narendra Modi, is likely to give the green signal to a Rs 76,220 crore project to develop a new deep-water major port at Vadhvan near Dahanu in Maharashtra, media reported
Adani Enterprises acquires France's Le Marche Duty Free SAS for 5,000 euros
Mar 07, 2024, at 04:41 am
Mumbai: Adani Enterprises on Wednesday said that its Dubai-based subsidiary, Ospree International FZCO, has purchased full ownership of France's Le Marche Duty Free SAS (LMDF) for 5,000 euros, media reported, citing a stock exchange filing.
Govt to divest up to 7% stake in NLC via OFS
Mar 07, 2024, at 04:36 am
New Delhi: The government plans to divest up to 7 percent of its stake in NLC India through an offer for sale (OFS), aiming to raise between Rs 2,000 crore and Rs 2,100 crore, media reports said.
India's FY24 GDP growth rate could near 8%: RBI Governor Shaktikanta Das
Mar 07, 2024, at 02:59 am
New Delhi: The Indian economy's GDP growth for the current fiscal year ending in March might be close to 8%, Reserve Bank of India (RBI) governor Shaktikanta Das said in an interview with ET Now on Wednesday.
Bandhan Long Duration Fund launched for investors seeking long-term debt investments
Mar 07, 2024, at 01:19 am
Bandhan Mutual Fund announced the launch of the Bandhan Long Duration Fund, an open-ended, long-term debt scheme that invests in instruments such that the portfolio Macaulay duration will be over 7 years.
Vi completes network deployment to provide connectivity across Kolkata underwater metro service
Mar 06, 2024, at 10:02 pm
Telecom major Vi on Wednesday announced the successful completion of its network deployment across the entire underground East-West Metro corridor route in East Idnian city of Kolkata.
Sensex touches lifetime high figure of 74085.99 as market closes in green
Mar 06, 2024, at 09:53 pm
The BSE Sensex on Wednesday closed at a lifetime high, touching 74K level at 74085.99 on the strength of Bankex, Technology and IT stocks.
SpiceJet & Cross Ocean Partners settle Rs 93 crore dispute
Mar 06, 2024, at 06:22 am
New Delhi: Private airline SpiceJet on Tuesday said that it has reached settlement terms with aircraft leasing firm, Cross Ocean Partners, resolving a dispute of about USD 11.2 million (Rs 93 Crore).
India's Apr-Feb coal prodn reaches 880.72 MT
Mar 06, 2024, at 06:00 am
New Delhi: India's coal production for April-February this fiscal reached 880.72 million tonnes (MT), bringing it within 119.28 MT of the FY24 target of 1 billion tonnes.
Adani Power gets creditors' consent to acquire Lanco Amarkantak Power
Mar 06, 2024, at 05:34 am
Mumbai: Adani Power has obtained consent from creditors for its proposed acquisition of insolvent Lanco Amarkantak Power, the company said in a stock market filing.
Singapore's anti-trust watchdog okays Vistara-Air India merger
Mar 06, 2024, at 03:06 am
Singapore's anti-trust regulator announced its approval of the merger between Air India, owned by Tata Group, and Vistara, a joint venture between Tata and Singapore Airlines, subject to certain conditions, Reuters reported.
RBI prohibits JM Financial Products from financing against shares and debentures
Mar 06, 2024, at 02:19 am
Mumbai: The Reserve Bank of India (RBI) on Tuesday said that JM Financial Products Ltd is barred from offering any type of financing involving shares and debentures, including granting loans against initial public offerings, effective immediately, media reports said.
Sensex slips 195.16 pts in special session
Mar 05, 2024, at 11:19 pm
The BSE Sensex on Tuesday slipped 195.16 pts to settle at 73677.13 on profit booking by local operators.
SBI urges Supreme Court to extend deadline for providing electoral bonds info
Mar 05, 2024, at 03:03 am
New Delhi/IBNS: The State Bank of India (SBI) has requested the Supreme Court to extend the deadline till June 30 for providing information about electoral bonds to the Election Commission.
Sensex rises marginally by 66.14 pts as market closes
Mar 04, 2024, at 10:30 pm
The BSE Sensex on Monday advanced 66.14 pts to close at 73872.29 as renewed buying was witnessed in Oil & Gas, Power, Utilities and Energy stocks.
Sensex opens flat at 73903.09 points during opening trade
Mar 04, 2024, at 04:18 pm
The BSE Sensex on Monday was almost flat to open at 73903.69', rising 17 points as buying was seen in oil and gas, power, and real estate stocks.
India maintains its status as the world’s fastest-growing economy with 8.4 pct growth
Mar 04, 2024, at 01:00 am
In a testament to its resilience and growth trajectory, India has once again emerged as the world’s fastest-growing major economy, showcasing an impressive 8.4% expansion in the final quarter of 2023 compared to the previous year.
OpenAI CEO Sam Altman's net worth reaches $2 billion: Bloomberg Billionaire Index
Mar 03, 2024, at 07:38 pm
Sam Altman, the Founder and CEO of OpenAI, saw his net worth reach $2 billion according to the Bloomberg Billionaire Index. However, it's noteworthy that despite his leadership in the AI research firm, the company's financial prosperity doesn't factor into this valuation.
APEDA facilitates India’s first commercial trial shipment of Sangola pomegranates to the US via sea
Mar 02, 2024, at 08:12 am
New Delhi: India successfully flagged off its first commercial trial shipment of pomegranates to the United States via sea on Wednesday.