REC signs 200 million Euro loan agreement with German bank KfW
Dec 10, 2023, at 02:29 am
New Delhi: State-owned NBFC REC Limited signed a 200 million Euro loan agreement with the German bank KfW on Saturday to enhance the distribution infrastructure of DISCOMs in line with the Revamped Distribution Sector Scheme (RDSS) of the government.
PNB urges its customers to update KYC details by mid-December
Dec 09, 2023, at 10:00 pm
New Delhi: Public sector lender Punjab National Bank (PNB) has asked its customers to update their Know Your Customer (KYC) information before December 18 to ensure the smooth functioning of their accounts, an official release said.
Dec 09, 2023, at 02:42 pm
Aditya Birla Health Insurance Co. Limited ('ABHICL'), the health insurance arm of Aditya Birla Capital, on Thursday, announced the launch of ‘Activ One’ which the company promises to provide simplified and comprehensive healthcare solution, including 100 percent returns, to policyholders.
Dec 09, 2023, at 08:32 am
New Delhi: India and South Korea launched the India-Korea Electronic Origin Data Exchange System (EODES) aimed at facilitating the smooth implementation of the India-Korea Comprehensive Economic Partnership Agreement (CEPA), the Ministry of Finance said in a statement.
SoftBank offloads 1.1% stake in Zomato for Rs 1,125 cr
Dec 09, 2023, at 08:12 am
Mumbai: VF Growth (Singapore) Pte Ltd, the venture capital fund affiliated with Japan's Softbank, has completed its exit from food delivery company Zomato, through open market transactions conducted on Friday, media reports said.
Centre allocates 1,972 MW additional power to Jammu Kashmir to meet shortages during winter
Dec 09, 2023, at 07:48 am
New Delhi: The government has allocated 1500 MW of power from the Central pool to Jammu Kashmir to cover the shortages during the winter months, the Ministry of Power said in a statement.
RBI increases GDP growth forecast for FY24 to 7% amid geopolitical turmoil
Dec 09, 2023, at 07:12 am
Mumbai: The GDP growth projection for 2023-24 has been increased to 7%, from the previous estimate of 6.5%, Reserve Bank of India (RBI) Governor Shaktikanta Das said During the Monetary Policy Committee meeting announcements on Friday.
Scania India designates PPS Motors sole representative for its mining tippers in India
Dec 09, 2023, at 06:23 am
Kolkata/ Hyderabad: Scania Commercial Vehicles Pvt Ltd has entered into an exclusive partnership with PPS Motors, designating the company as the sole representative for Scania's mining tippers in India, according to a press release.
India's foreign exchange reserves surge by $ 2.538 billion to $ 597.935 billion
Dec 09, 2023, at 05:51 am
Mumbai: India's foreign exchange reserves swelled by USD 2.538 billion, reaching USD 597.935 billion for the week ending November 24, according to the Reserve Bank.
Tata Power's market cap crosses Rs 1 lakh crore
Dec 09, 2023, at 05:39 am
Mumbai: Tata Power’s market capitalization has crossed Rs 1 lakh crore (1 trillion), making it the second infrastructure and sixth company from Tata Group to achieve this milestone, the company said in a press release.
Zerodha co-founders Nithin and Nikhil Kamath earned Rs 72 cr each as remuneration in FY23
Dec 09, 2023, at 05:14 am
Bengaluru: The founders of Zerodha, Nithin, and Nikhil Kamath, took home a remuneration of Rs 72 crore each for the fiscal year ending March 2023, according to filings with the Ministry of Corporate Affairs.
Max Healthcare Institute acquires Lucknow's Starlit Medical Centre for Rs 940 crore
Dec 09, 2023, at 04:36 am
Lucknow (UP): In a strategic move to increase its footprint in Tier I and II cities, Max Healthcare Institute (MHIL) announced on Friday the completion of a share purchase agreement to acquire a 100% stake in Starlit Medical Centre.
RBI MPC keeps repo rate unchanged, raises FY24 growth forecast to 7%; Industry reacts
Dec 09, 2023, at 03:37 am
Mumbai: The Reserve Bank of India's Monetary Policy Committee (RBI MPC) kept the repo rate unchanged at 6.5 percent for the fifth time in a row on Friday, thus maintaining the status quo.
Indian Market: Sensex at all time high at 69,826.07 pts
Dec 08, 2023, at 10:24 pm
Mumbai: The BSE Sensex on Friday ended an all-time high at 69,826.07, surging 304.33 pts in the strength of Technology, Bankex and IT stocks.
SoftBank to divest stake in Zomato via block deal
Dec 08, 2023, at 09:37 pm
Mumbai: Japanese investment holding firm SoftBank is aiming to divest a 1.1% share in the Indian food delivery service Zomato through a block deal valued at 11.28 billion rupees ($135.36 million), as per sources cited by CNBC-TV18 on Thursday.
Dec 08, 2023, at 09:28 pm
Kolkata: Leading motorcycle manufacturer Royal Enfield on Friday said it has witnessed a 'robust growth' in the East region, accounting for 27% of overall motorcycle sales for the brand in the past year.
DPIIT showcases India's logistics reforms and initiatives in meeting with World Bank Team
Dec 08, 2023, at 09:26 pm
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) showcased the various projects and initiatives it is undertaking to improve India’s logistics efficiency to the World Bank Team.
RBI raises UPI transaction limit for hospitals, educational institutions to Rs. 5 lakh
Dec 08, 2023, at 05:44 pm
New Delhi/IBNS/UNI: In a significant step, the Reserve Bank of India (RBI) on Friday announced the raise of the Unified Payments Interface (UPI) transaction limit for hospitals and educational institutions to Rs. 5 lakh, media reports said.
Dec 08, 2023, at 07:05 am
New Delhi: Regional Connectivity Scheme (RCS)-UDAN has enhanced regional air connectivity by connecting previously unserved and underserved airports in remote areas of the country.
Top banks ask fintech partners to limit small ticket loans
Dec 08, 2023, at 06:31 am
Mumbai: Leading banks and non-banking financial institutions in India have reportedly asked their fintech partners to limit the issuance of small personal loans, as disclosed by three banking sources and one industry insider on Thursday, Reuters reported.
Institutional investors oversubscribe IRCON International's OFS, bids surpass Rs 2,400 cr
Dec 08, 2023, at 04:59 am
Mumbai: Institutional investors have oversubscribed the government's offer to sell an 8% stake in government-owned IRCON International, with bids exceeding Rs 2,400 crore on Thursday.
Dec 08, 2023, at 03:16 am
New Delhi/UNI: Painting a rosy picture of the economy and stating that the Indian economy remains the fastest-growing economy in the world, Finance Minister Nirmala Sitharaman on Thursday said that all sectors of the economy are performing well.
SAIL chief Soma Mondal among World's Most Powerful Women in Forbe's 2023 list
Dec 07, 2023, at 09:37 am
New Delhi: Soma Mondal, the first female chair of the state-run Steel Authority of India (SAIL), has taken the 70th position in Forbes' 2023 list of the World's Most Powerful Women.
Airline sector expected to earn net profit of $25.7 billion in 2024
Dec 07, 2023, at 09:28 am
The airline sector is expected to achieve a net profit of $25.7 billion in 2024, reflecting a return to more typical growth in both passenger and cargo segments, the International Air Transport Association (IATA) on Wednesday said.
Govt seeks Parliament's approval for additional spending of Rs 1.29 trillion in FY24
Dec 07, 2023, at 09:25 am
New Delhi: The government on Wednesday sought Parliament's approval for an additional spending of Rs 1.29 trillion in the fiscal year 2024.
4 Indian women, including Finance Minister Sitharaman, rank in Forbes' top influential list
Dec 07, 2023, at 09:19 am
New Delhi: Finance Minister Nirmala Sitharaman has been ranked 32nd in Forbes' list of the world's most influential women, alongside notable women such as US Vice President Kamala Harris and musician Taylor Swift.
Next spectrum auction in Feb 2024 at same reserve prices
Dec 07, 2023, at 06:46 am
New Delhi: The next spectrum auction, scheduled for late February 2024, will maintain the same reserve prices for most bands as in the 2022 auction, Business Standard reported citing the Department of Telecommunications (DoT) officials.
RBI's MPC meeting starts amid anticipations of status quo on key interest rate
Dec 07, 2023, at 06:34 am
Mumbai: As the Reserve Bank of India (RBI) commenced its three-day Monetary Policy Committee (MPC) on Wednesday, expectations are high that the Central bank will adhere to the current state of affairs regarding the repo rate, opting to retain it at 6.5%.
Shree Cement plans to participate in the Centre's lithium mine auction: Report
Dec 07, 2023, at 06:09 am
New Delhi: Shree Cement plans to participate in the bidding process for lithium mining rights, Reuters reported.
Volvo Car India names Jyotsana Singh Kaushik as Director of Marketing & PR
Dec 07, 2023, at 05:01 am
Kolkata/IBNS: Swedish luxury car company Volvo Cars India has appointed Jyotsana Singh Kaushik as Director of Marketing & PR.