Banks flag shortage of ATMs to govt, RBI: Report
Jun 19, 2024, at 11:18 pm
New Delhi: Banks have reportedly informed the government and Reserve Bank of India (RBI) about shortage in supply of automated teller machines (ATMs), reported Economic Times.
Jun 19, 2024, at 10:39 pm
Mumbai: Jaguar Land Rover, owned by Tata Motors, announced on Wednesday that it has signed a letter of intent with its Chinese joint venture partner, Chery, to license the Freelander brand for developing electric vehicles in China.
Chipmaker Nvidia is now world's most valuable company
Jun 19, 2024, at 02:32 pm
Chipmaking major Nvidia has become the world's most valuable company after its stocks reached all-time high on Tuesday, media reports said.
Elon Musk's salary exceeds Tata Motor's FY24 total revenue: Report
Jun 19, 2024, at 04:49 am
Mumbai: Elon Musk's $56 billion remuneration package exceeds Tata Motors' total revenue for the 2023-24 financial year, which amounted to $52.44 billion (Rs 4.38 lakh crore), reported the Economic Times.
PM Modi releases 17th installment of PM Kisan Samman Nidhi Yojana benefitting over 9.26 cr farmers
Jun 19, 2024, at 04:42 am
Varanasi: During his visit to Varanasi on Tuesday, Prime Minister Narendra Modi released the 17th installment of the PM Kisan Samman Nidhi Yojana, benefiting more than 9.26 crore farmers with a total disbursement exceeding Rs 20,000 crore.
Vodafone Group Plc to sell 9.9% stake in Indus Towers on Wednesday
Jun 19, 2024, at 04:22 am
Mumbai: Vodafone Group Plc, a promoter entity of Vodafone Idea Ltd, is expected to sell up to 9.94% equity through block deals in Indus Towers Ltd on Wednesday, reported CNBC-TV18.
Net direct tax collection grows 21% YoY to over Rs 4.62 lakh cr in Apr-Jun
Jun 19, 2024, at 02:45 am
New Delhi: India's net direct tax collections have increased by 21 percent year-on-year, reaching over Rs 4.62 lakh crore from April 1 to June 17, according to the income tax department on Tuesday.
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.