American AI chip major Nvidia shares slip despite record sales
Aug 29, 2024, at 09:50 pm
California/IBNS: Shares in artificial intelligence (AI) chip giant Nvidia have fallen despite the American company comfortably beating expectations after more than doubling its sales, reports said.
Swiggy appoints industry veteran Amitesh Jha as CEO of Swiggy Instamart
Aug 29, 2024, at 07:26 pm
Swiggy, India’s leading on-demand convenience platform, on Thursday announced the appointment of Amitesh Jha as the Chief Executive Officer of its rapidly expanding quick commerce business, Swiggy Instamart, effective Sept 4.
Reliance Industries to hold 47th AGM today
Aug 29, 2024, at 06:42 pm
Mumbai/IBNS: Mukesh Ambani's multinational conglomerate Reliance Industries Limited (RIL) is set to hold its 47th annual general meeting (AGM) on Thursday (August 29), the company informed the exchanges last week.
Axis Bank launches 'neo for merchants' app in partnership with VISA and Mintoak
Aug 29, 2024, at 06:25 am
Kolkata: Private sector lender Axis Bank announced the launch of a comprehensive app, neo for merchants, in partnership with VISA and Mintoak.
RBI Governor launches key digital payment initiatives Bharat BillPay, UPI Circle
Aug 29, 2024, at 05:56 am
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das Wednesday announced the launch of two new product offerings built by the National Payments Corporation of India (NPCI) at the Global Fintech Festival (GFF) 2024.
Ministry of Road Transport launches Vehicle Scrapping Policy
Aug 29, 2024, at 05:50 am
New Delhi: The Ministry of Road Transport and Highways has launched the Voluntary Vehicle Modernization Program or Vehicle Scrapping Policy to create an ecosystem for phasing out unfit polluting vehicles across the country through a network of Registered Vehicle Scrapping Facilities (RVSFs) and Automated Testing Stations (ATSs).
CCI approves Reliance-Disney India merger
Aug 29, 2024, at 05:44 am
New Delhi: India's anti-trust regulator has approved Reliance Industries Ltd's Rs 70,350 crore merger with Disney's Indian media assets, subject to specific voluntary modifications, paving the way for a media giant.
Aug 29, 2024, at 03:19 am
New Delhi: The Union Cabinet has sanctioned three railway projects with a total estimated cost of Rs 6,456 crores to improve logistical efficiency by connecting the unconnected areas, increasing the existing line capacity, and enhancing transportation networks, resulting in streamlined supply chains and accelerated economic growth.
Satish Kumar appointed Railway Board chairman; first Dalit officer to hold the post
Aug 29, 2024, at 02:47 am
New Delhi: The Centre has appointed Indian Railway Management Service (IRMS) officer Satish Kumar as the chairman and CEO of the Railway Board, marking the first time an Indian Railways officer from the Scheduled Caste or Dalit community has held this position.
Top Tips for Getting Approved for a Bike Loan
Aug 29, 2024, at 12:49 am
Given today's traffic conditions and the need for efficient mileage, purchasing a two-wheeler has become a necessity. However, many postpone the plan due to financial constraints. A bike loan covers up to 95% of the cost, leaving only 5% as a down payment. However, if you are taking a Two-Wheeler Loan for the first time, you should know how to ensure quick approval with favourable terms and conditions. Here are some top tips for getting approved for a Two-Wheeler Loan with the most favourable terms.
Aug 28, 2024, at 11:26 pm
New Delhi/IBNS: Amid global geo-political uncertainties, Indian economy has remained resilient, but the outlook seems softer due to moderation in a couple of high-frequency indicators, according to the Monthly Economic Review for August released by the National Council of Applied Economic Research (NCAER), India's oldest and largest independent, non-profit, economic policy research think tank.
Aug 28, 2024, at 11:02 pm
India has marked its 10th anniversary of Pradhan Mantri Jan Dhan Yojana (PMJDY), an initiative which was launched by Prime Minister Narendra Modi after coming to power in the country for the first time in 2014.
SBI raises Rs 7,500 cr via Basel III compliant Tier 2 bonds
Aug 28, 2024, at 10:55 pm
Mumbai: State Bank of India (SBI), the country’s largest lender, raised Rs 7,500 crore today at a coupon rate of 7.42% through its first Basel III compliant Tier 2 bond issuance for the current financial year, the lender said in a press release on Wednesday.
US banks may link with India's UPI to enable fast payment network: Fed member Waller
Aug 28, 2024, at 10:50 pm
Mumbai: The United States might consider connecting some of its private banks with India's Unified Payments Interface (UPI) to speed up the formation of a fast payments network, said Christopher Waller, a member of the Federal Reserve Board of Governors, media reports said.
Kolkata loses 2.67 lakh mobile users in June 2024, highest in the country: TRAI
Aug 28, 2024, at 08:46 pm
New Delhi/Kolkata/IBNS: The number of mobile users in Kolkata circle fell by around 2.67 lakh in June 2024 compared to May 2024, which is the highest in the country, according to the Telecom Regulatory Authority of India's (TRAI) subscription data released last week.
Workers at 12 govt-run major ports to go on indefinite strike from Wednesday
Aug 28, 2024, at 07:16 am
Mumbai: The shipping industry is on the brink of another disruption as Grade-III and IV employees at government-run ports prepare to launch an indefinite strike starting Wednesday morning.
Canara Bank raises Rs 3,000 cr via AT1 bonds
Aug 28, 2024, at 06:30 am
Mumbai: Canara Bank raised Rs 3,000 crore at a coupon rate of 8.27%, lower than the market expectations of 8.30–8.35%, NDTV profit reported citing sources.
Automakers to give discounts to those scrapping old vehicles to buy new ones: Nitin Gadkari
Aug 28, 2024, at 05:58 am
New Delhi: Minister of Road Transport and Highways Nitin Gadkari on Tuesday said that several manufacturers of commercial and passenger vehicles will provide discounts on new vehicles in exchange for scrapping older ones with a valid Certificate of Deposit.
Bharti Airtel to close Wynk Music app; to absorb all employees
Aug 28, 2024, at 05:48 am
Mumbai: Telecom company Bharti Airtel will leave the music segment and close its Wynk Music app, media reports said.
A Silicon Valley-based company is Hindenburg's new target
Aug 28, 2024, at 04:49 am
Days after making grave allegations against SEBI chief Madhabi Puri Buch that she had an interest in the obscure offshore entities implicated in the "Adani money siphoning scandal", Hindenburg Research has released a new report targeting Silicon Valley-based Super Micro Computer Inc, media reports said.
GST Council meeting next month to discuss tax rate rationalization: FM
Aug 28, 2024, at 04:32 am
New Delhi: Finance Minister Nirmala Sitharaman announced on Tuesday that the GST Council will discuss the rationalization of tax rates next month though a final decision on adjusting taxes and slabs will be made later.
Rekha Jhunjhunwala likely to make Rs 106 crore from Baazar Style Retail IPO
Aug 28, 2024, at 01:10 am
Kolkata: Rekha Jhunjhunwala, wife of late billionaire investor Rakesh Jhunjhunwala, is set to offload her stake in Baazar Style Retail Limited, which is scheduled to launch its Initial Public Offering (IPO) on Friday.
Types of Pension Plans in India – Explained in Detail
Aug 27, 2024, at 11:54 pm
With rising inflation, you must invest money in pension plans to secure your post-retirement life. The earlier you start investing, the smoother your financial journey will be. However, when it comes to choosing the best pension plan for investment, you will find various types available in India. For instance, if you decide to invest in NPS, you must first understand what is Tier 1 and Tier 2 in NPS before choosing the right pension plan.
Home Loan Vs. Mortgage Loan: Know The Difference
Aug 27, 2024, at 11:48 pm
When navigating the world of property financing, understanding the distinction between a home loan and a mortgage loan is crucial. Though often used interchangeably, these terms have specific differences that can impact your financial planning. This guide will help you distinguish between them, ensuring you make informed decisions.
The Ultimate Guide to Choosing the Best Mutual Fund Calculator
Aug 27, 2024, at 11:43 pm
Mutual fund calculators are invaluable tools for investors seeking to estimate the returns on their investments, plan their financial goals, and make informed decisions. With numerous options available, selecting the best mutual fund calculator can significantly enhance your investment planning. This guide provides an overview of the key features to look for in a mutual fund return calculator, with a focus on how it can be used to evaluate investments such as the Nippon India Small Cap Fund.
Stock Market Success: Strategies That Work
Aug 27, 2024, at 11:38 pm
Investing in the stock market has long been a popular avenue for wealth creation. However, success in this domain requires more than just luck; it demands a strategic approach, understanding market trends, and disciplined investing. This article delves into proven strategies that can help investors navigate the complexities of the stock market, with a particular focus on the Indian context. We will also explore the implications of key terms like NSE holidays 2024 and forex trading meaning, and how they play a role in investment decisions.
Apple's operations in India likely to create 6 lakh jobs: Report
Aug 27, 2024, at 11:26 pm
Bengaluru: Apple's operations in India are projected to generate up to 600,000 jobs by the end of this financial year, according to an Economic Times report.
Apple announces Indian-origin executive Kevan Parekh as new CFO, to take over from January 1
Aug 27, 2024, at 05:55 pm
California/IBNS: American tech major Apple has announced that its long-time employee Kevan Parekh will take over as the company's Chief Financial Officer (CFO) on January 1, 2025.
Adani Power incorporates subsidiary in UAE
Aug 27, 2024, at 05:12 pm
Abu Dhabi/IBNS: Adani Group's subsidiary Adani Power Limited on Monday (August 27) incorporated a wholly-owned subsidiary, Adani Power Middle East Ltd. in Abu Dhabi, United Arab Emirates (UAE), the company informed the exchanges.
Aug 26, 2024, at 10:38 pm
Bengaluru/IBNS: The Governor of Reserve Bank of India (RBI), Shaktikanta Das, on Monday (August 26) announced that the central bank will introduce its ‘Unified Lending Interface’, or ULI, technology platform across the nation.