India will not rush into signing hasty FTA deals: Piyush Goyal
Feb 24, 2024, at 03:01 am
New Delhi: Commerce Minister Piyush Goyal on Friday said that India will avoid making hasty free trade agreements (FTA) unless there is a just and balanced arrangement in trade deals, media reported.
Sensex drops 15.44 points as market closes
Feb 23, 2024, at 09:58 pm
The BSE Sensex on Friday fell marginally by 15.44 points to settle at 73142.80 on profit booking by local operators.
Entrepreneur Anupam Mittal gears up for his next project, drops a major hint
Feb 23, 2024, at 07:24 pm
Mumbai/IBNS: Anupam Mittal, the founder of a prominent matchmaking platform, also recognised for his role as a sharp-witted judge on a popular reality show, has become a notable figure in the business and entertainment industry.
Paytm installations plunge after RBI restrictions
Feb 23, 2024, at 08:36 am
Mumbai: The daily installations of the Paytm app have fallen drastically following regulatory restrictions placed on Paytm Payments Bank (PPBL) by the Reserve Bank of India, media reported.
Aditya Birla Group to boost paint industry capacity by 40%, targets Rs 10,000 cr revenue in 3 years
Feb 23, 2024, at 08:05 am
Kolkata/Mumbai: Aditya Birla Group on Thursday announced entry into the decorative paints market with its new brand Birla Opus, eyeing Rs 10,000 crore gross revenue within three years of full-scale operations.
Sensex goes down by over 300 points
Feb 22, 2024, at 05:13 pm
Mumbai/UNI: The BSE Sensex on Thursday lost another 338.23 points at 72,284.86 in the opening session as selling was seen across the board.
Union Cabinet approves increase in FRP for sugarcane to Rs 340/qtl
Feb 22, 2024, at 07:54 am
New Delhi: The Union cabinet has approved a raise in the fair and remunerative prices for sugarcane for the upcoming season, Union Minister Anurag Thakur said during a media briefing on Wednesday.
US, EU major importers of India's oil products sourced from sanctioned Russian crude
Feb 22, 2024, at 07:21 am
New Delhi: More than one-third of India's oil product exports to the coalition countries led by the G7 were sourced from Russian crude, according to a European think-tank, media reports said.
Myntra appoints Venu Nair as Chief of Strategic Partnerships and Omnichannel
Feb 22, 2024, at 06:18 am
Mumbai: Myntra has named Venu Nair as its Chief of Strategic Partnerships and Omnichannel, media reports said.
American finance company approaches NCLT to initiate insolvency proceedings against Byju's
Feb 22, 2024, at 05:09 am
Bengaluru: Glas Trust Company LLC, a United States-based non-bank loan agency, filed a plea for insolvency against the troubled-ed tech firm Byju's at the National Company Law Tribunal (NCLT) in Bengaluru, a media report said.
Ambuja Cements to invest Rs 1,000 cr in Jharkhand
Feb 22, 2024, at 04:31 am
New Delhi: Ambuja Cements, a part of the Adani Group, on Wednesday announced its intention to invest Rs 1,000 crore in setting up a cement grinding unit in the Godda district of Jharkhand.
India crosses China as HSBC's third-largest profitable business region
Feb 22, 2024, at 03:25 am
HSBC Group Wednesday reported a 25% rise in earnings from its activities in India, reaching $1.5 billion for the fiscal year ending December 2023, media reports said.
Sensex falls 434.31 pts after winning run for last six sessions
Feb 22, 2024, at 12:49 am
Snapping a winning streak of the last six sessions ' the BSE Sensex tanked 434.31 pts to settle at 72,623.09 as selling was seen in Utilities, Oil and Gas stocks.
Outlook for the Indian economy appears bright, says Finance Ministry report
Feb 21, 2024, at 06:00 am
New Delhi: Prospects of healthy Rabi harvest, sustained manufacturing profitability and underlying service resilience are expected to support economic activity in the financial year 2024-25, said a Finance Ministry report released on Tuesday.
RBI Bulletin says India's H1FY24 growth momentum to persist in H2
Feb 21, 2024, at 05:50 am
Mumbai: The Reserve Bank of India's (RBI) monthly bulletin indicates that the growth momentum of the Indian economy observed in the first half of the current financial year is expected to continue into the second half.
Indian mutual fund industry AUM grows 33% YoY to Rs 53 lakh crore in Jan 2024
Feb 21, 2024, at 05:26 am
Mumbai: The net AUM of the mutual fund industry rose 33.11% YoY at Rs 52.74 lakh crore in January 2024, as against Rs 39.62 lakh crore in January 2023, according to a report.
Japan commits ODA loan of JPY 232.209 billion for nine projects in various sectors in India
Feb 21, 2024, at 05:20 am
New Delhi: Japan has committed an Official Development Assistance (ODA) loan of an amount of 232.209 billion yen for nine projects in various sectors, the Ministry of Finance said on Tuesday.
Bids for 9th round and second attempt of 7th round of commercial coal mines’ auction opened today
Feb 21, 2024, at 04:37 am
New Delhi: The coal ministry Tuesday opened the bids for the 9th round and second attempt of the 7th round of commercial coal mines’ auction, which was launched on December 20, 2023.
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: