Finance Minister Nirmala Sitharaman to meet fintech companies amid Paytm fiasco
Feb 21, 2024, at 04:19 am
New Delhi: Finance Minister Nirmala Sitharaman has decided to hold a meeting with heads of financial technology companies next week to urge them to adhere strictly to regulatory guidelines, media reports said.
Govt's talks with Elon Musk's Tesla to gain momentum after general elections: Report
Feb 21, 2024, at 03:35 am
New Delhi: Discussions between the Indian Government and Tesla in connection with Tesla's entry into the electric vehicles (EV) sector in India are expected to slow down due to the upcoming general elections, a media report said.
India to advocate end of moratorium on customs duty on e-commerce goods at WTO Abu Dhabi meet
Feb 21, 2024, at 02:38 am
New Delhi: India intends to advocate for the termination of the moratorium on customs duties on e-commerce goods at the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) in Abu Dhabi later this month, media reported citing officials.
EPFO adds 15.62 lakh net members in December
Feb 20, 2024, at 11:30 pm
Indicating an uptick in employment, the EPFO has said that it added 15.62 lakh net members during December 2023, which is the highest in the previous 3 months.
Sun Pharma to acquire 16.33 pc stake in US-based Surgimatix
Feb 20, 2024, at 10:27 pm
Sun Pharma on Tuesday said that it has decided to acquire a 16.33% stake in the US-based Surgimatix for US$ 3.05 million.
Sensex touches new peak at 73,057.40 pts
Feb 20, 2024, at 10:14 pm
Extending rally for the sixth straight session on Tuesday the Sensex breached 73K level to finish at 73,057.40 surging 349.24 pts on the strength of Bankex, Realty and Power stocks despite weak global cues.
Feb 20, 2024, at 12:14 am
Eastern India focused GPT Healthcare, which operates and manages mid-sized multispecialty hospitals under the ILS Hospitals brand, has fixed the price band of Rs.177- to Rs.186 per Equity Share of face value Rs.10 each for its maiden initial public offer.
NBCC bags construction projects worth Rs 369 crore
Feb 19, 2024, at 11:19 pm
Public sector NBCC India Ltd on Monday said that it has received three different work orders worth Rs 369 crore.
Sensex closes at new high of 72,708.16 pts
Feb 19, 2024, at 11:14 pm
The equity market remained strong for the fifth consecutive session on Monday as the BSE Sensex closed a new high at 72,708.16' advancing 281.52 pts on positive global cues.
LIC introduces Amritbaal, a policy to help parents save for their children's future
Feb 18, 2024, at 12:03 am
Mumbai: The Life Insurance Corporation (LIC) unveiled a new product Amritbaal on Saturday. The new offering was launched by Financial Services Secretary Dr. Vivek Joshi.
Magadh Sugar & Energy Q3FY24 PAT stands at Rs 39 cr
Feb 17, 2024, at 11:38 pm
Magadh Sugar & Energy Limited (MSEL) reported a Profit After Tax (PAT) of Rs 39 crore, marking an increase from Rs 22 crore recorded in the same quarter of the previous fiscal year, Q3FY23.
RBI releases 30 FAQs for Paytm Payments Bank account holders: Read the full text
Feb 17, 2024, at 05:05 am
The Reserve Bank of India (RBI) released a set of frequently asked questions (FAQs) on February 16 specifically addressing bank account holders of Paytm Payments Bank. Below is the complete text of the FAQs:
Paytm transfers nodal account to Paytm Payments Bank to Axis Bank
Feb 17, 2024, at 03:32 am
Mumbai: One97 Communications, the parent company of Paytm, has transferred its nodal account from Paytm Payments Bank to Axis Bank.
No relief for Paytm Payments Bank; RBI only extends deadline for imposing curbs
Feb 17, 2024, at 03:26 am
Mumbai: The Reserve Bank of India (RBI) on Friday extended the deadline for Paytm Payments Bank Ltd (PPBL) to cease accepting new deposits and conducting credit transactions.
LIC receives tax refund of Rs 21,740 cr from IT Dept
Feb 17, 2024, at 02:43 am
Mumbai: The Life Insurance Corporation of India (LIC) on Friday said that it had received a tax refund amounting to Rs 21,740.77 crore from the Income Tax Department for the assessment years spanning from 2013 to 2020.
Nike plans to slash 1600 employees
Feb 16, 2024, at 11:11 pm
US sportswear giant Nike is planning to slash 1,600 people, which comprises 2 percent of its workforce, media reports said.
Indian equity markets rise for three consecutive days
Feb 16, 2024, at 06:01 pm
Mumbai: Indian equity markets rose for the third consecutive day following positive global cues on February 15.
Feb 16, 2024, at 03:46 pm
The BSE Sensex remained firm for the fourth consecutive session on Friday as it gained 319.34 pts at 72,369.72 in opening session as almost all sbuying was seen across the board.
Turms Intelligent Apparel secures funding on Shark Tank India
Feb 16, 2024, at 04:25 am
Kolkata: Turms Intelligent Apparel, which manufactures stain-repellent and odour-free garments, has recently been featured on the popular television reality series ‘Shark Tank’ and onboarded the founder of media app InShorts as an investor at a Rs 30 crore valuation, a press release said.
Feb 16, 2024, at 03:28 am
Kolkata: The Eirich Group, with Maschinenfabrik Gustav Eirich as its strategic center in Hardheim, Germany, Thursday announced the inauguration of its new state-of-the-art manufacturing plant in Chakan Industrial Area, Pune.
Edelweiss Asset Management launches technology fund
Feb 16, 2024, at 02:53 am
Mumbai: Edelweiss Asset Management Limited (EAMC/EMF) announced the launch of the Edelweiss Technology Fund, an open-ended equity scheme investing in technology and technology–related companies.
Cisco to remove 5 percent workforce
Feb 15, 2024, at 06:03 pm
IT major Cisco on Wednesday announced its plan to lay off 5 percent of its global workforce.
ICICI Bank branch manager ran scam for years to meet performance targets: Report
Feb 15, 2024, at 06:40 am
Pratapgarh (Rajasthan): An ICICI Bank branch manager and his associates successfully met their business performance goals over several years by withdrawing funds from the accounts of unsuspicious customers at their branch, media reports said.
Paytm restrictions imposed after thorough consideration, no roll back: RBI Governor
Feb 15, 2024, at 06:34 am
Mumbai: The RBI restrictions on Paytm have been imposed after thorough consideration as is the case in all the decisions made by the Central bank, RBI Governor Shaktikanta Das has said, reported media.
ED starts investigation into Paytm Payments Bank after RBI's restrictions on business: Report
Feb 15, 2024, at 04:53 am
Mumbai: The Enforcement Directorate (ED) began its investigation into Paytm Payments Bank on Wednesday, CNBC-TV18 reported citing sources.
Feb 15, 2024, at 03:55 am
Mumbai: The number of complaints lodged by investors and distributors for the half-year ending September 30, 2023, stood at a mere 485 complaints, the Association of Mutual Funds in India (AMFI) said in a report.
Feb 15, 2024, at 03:40 am
Kolkata: Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed a power delivery agreement with Tata Communications for an 18.75 MW AC group captive solar power plant.
RBI calls on banks to remain vigilant against accumulation of risks
Feb 15, 2024, at 03:35 am
Mumbai: RBI Governor Shaktikanta Das cautioned banks about the accumulation of risks within the banking system during a meeting with CEOs. He underscored the importance of remaining vigilant and avoiding complacency, stressing that banks must stay alert to potential risks, media reports said.
Wholesale inflation of India eases to 0.27 pc in January
Feb 15, 2024, at 12:39 am
India's wholesale price index (WPI) based inflation eased to 0.27% in January 2024 from 0.73% in the previous month, as per data released by the Ministry of Commerce and Industry showed on Wednesday.
Passenger vehicles sales jump 14 pc in January on strong demand
Feb 14, 2024, at 11:26 pm
Passenger vehicles sales comprising cars, SUVs and vans started on a strong note in the new year with total domestic sales rising 13.57% year-on-year to 3,93,074 units in January 2024, as per data released by Society of Indian Automobile Manufacturers (SIAM) on Wednesday.