ADIA to invest Rs 4,966.80 cr in Mukesh Ambani's Reliance Retail Ventures
Oct 07, 2023, at 07:34 am
Mumbai: Abu Dhabi Investment Authority (ADIA) through its wholly-owned subsidiary is set to inject Rs 4,966.80 crore into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, media reported.
World's top cocoa producer Ivory Coast targets Indian market to reduce dependence on Europe: Report
Oct 07, 2023, at 06:35 am
New Delhi: World's top cocoa producer Ivory Coast is strategizing to reduce its reliance on Europe and bolster its cocoa industry. India, though not a major cocoa producer, is a key player in this plan, primarily importing beans to meet domestic demand, Moneycontrol reported.
Oct 07, 2023, at 06:05 am
Mumbai: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday announced it will maintain the repo rate at 6.5 percent for the fourth consecutive time.
Oct 06, 2023, at 11:20 pm
The BSE Sensex remained strong for another day on Friday, as it spurted 364.06 pts to close strong at 65,995.63 following RBI decision to status quo on the policy rates,
Air India sets up integrated mega engineering warehouse in Delhi
Oct 06, 2023, at 05:43 pm
New Delhi/IBNS: Air India, the Tata-owned global airline, has commissioned a mega warehouse facility in Delhi to facilitate storage of over 1,000,000 engineering spares that are integral to maintenance, checks and repairs of its aircraft and ground support equipment.
Administrative agency of the U.S. state of Georgia hires TCS to replace its insurance claim platform
Oct 06, 2023, at 02:02 am
Atlanta (United States): Tata Consultancy Services (TCS) has been selected by the Georgia Department of Labor (GDOL) to replace its 1980s-era legacy platform with a proven, agile, secure, and scalable cloud-based unemployment insurance system that streamlines the claims process and ensures that eligible individuals receive prompt financial assistance and support when they need it most.
India's services PMI rises to 61 in September, signals strong momentum
Oct 05, 2023, at 06:29 pm
New Delhi/UNI: India's services sector activities continued to be strong in the month of September 2023 driven primarily by robust domestic demand and an upturn in demand from overseas clients.
Fitment committee refuses industry's demand to reduce GST on EV batteries, tobacco products: Report
Oct 05, 2023, at 04:26 am
New Delhi: The Goods and Service Tax (GST) fitment committee has declined the industry's request to reduce the tax on EV batteries and tobacco products, reported Moneycontrol.
NTPC's first 800 MW Super Thermal Power Project set up in Telangana
Oct 05, 2023, at 02:34 am
Hyderabad: The first 800 MW Unit of phase 1 of the Telangana Super Thermal Power Project of NTPC has been installed in the Peddapalli district.
Blue Dart to implement general price increase from Jan 1
Oct 05, 2023, at 02:31 am
Mumbai: Blue Dart Express Limited, an express air and integrated transportation and distribution express logistics company, Tuesday announced its General Price Increase (GPI), effective from January 1st, 2024.
Oct 05, 2023, at 01:47 am
Mumbai: Public sector lender Bank of Baroda (Bank) has been awarded the prestigious Payment Card Industry Data Security Standard (PCI DSS) compliance certificate by SISA, a leading forensics-driven cybersecurity solutions company.
Indian Market: Sensex falls 286.06 pts
Oct 04, 2023, at 11:50 pm
The BSE Sensex on Wednesday lost another 286.06 pts to settle at 65,226.04 on foreign fund outflows amid weak Asian Market.
Honda Motorcycle & Scooter India sells over 5 Lac units in September
Oct 04, 2023, at 11:16 pm
Kicking-off the festive season, Honda Motorcycle and Scooter India (HMSI) has crossed 5 Lac sales mark in September’23 – the highest for FY’2023-24.
SBI launches ‘Mobile Handheld Device’
Oct 04, 2023, at 11:01 pm
The State Bank of India on Wednesday said it is availing banking services has announced introduction of 'Mobile Handheld Device’ for its FI customers.
India's Sept coal prodn grows 16% Y-o-Y to 67 MT
Oct 04, 2023, at 07:47 am
New Delhi: India produced 67.21million tonne (MT) of coal in September, surpassing the figures of 58.04 MT of the corresponding month in previous year, representing an increase of 15.81%.
Oct 04, 2023, at 07:13 am
New Delhi: World Bank senior economist Dhruv Sharma has said India must achieve an approximate growth rate of 8 percent to attain developed country status by 2047, and underscored that achieving such rapid growth is unlikely with the current low level of female workforce participation, media reported.
RBI's Monetary Policy Committee likely to keep repo rate steady at 6.50%: Report
Oct 04, 2023, at 06:33 am
Mumbai: Experts are anticipating that the Monetary Policy Committee (MPC) will keep the repo rate steady at 6.50 percent and sustain a stance of 'Withdrawal of Accommodation' in the forthcoming October monetary policy.
HDFC Bank making changes to top management after mega merger
Oct 04, 2023, at 04:21 am
Mumbai: HDFC Bank is revamping its top management to bolster its mortgage business following its acquisition of another lender three months ago, Bloomberg reported.
Abu Dhabi's International Holding Company increases stake in Adani Enterprises by 5%
Oct 04, 2023, at 03:16 am
Mumbai: After divesting its shares in two Adani Group firms, Abu Dhabi's International Holding Company (IHC) announced on Tuesday that it has increased its stake in the group's primary entity, Adani Enterprises Ltd, to over 5 percent, reported Moneycontrol.
GST Payment for E-Commerce Businesses: Challenges and Solutions
Oct 04, 2023, at 02:00 am
In the realm of e-commerce, GST Payment represents a significant aspect that businesses need to handle efficiently. The introduction of the Goods and Services Tax (GST) in India marked a revolutionary tax reform aiming to subsume multiple indirect taxes into a unified system. However, for e-commerce businesses, it has brought along its own set of challenges. This article will dive deep into these challenges and introduce you to feasible solutions to significantly ease the process.
Indian Market: Sensex down 316.31 pts
Oct 03, 2023, at 11:44 pm
The BSE Sensex on Tuesday dropped 316.31 pts to close at 65,512.10 because of foreign fund outflows amid sluggish Asian Market.
Hyundai announces six airbags as standard for all models
Oct 03, 2023, at 10:04 pm
Automobile major Hyundai Motor India Limited (HMIL)on Tuesday announced three key announcements cementing HMIL’s proactive approach towards introducing safer mobility solutions for Indian customers.
World Bank pegs India's FY24 GDP growth at 6.3%
Oct 03, 2023, at 07:30 pm
New Delhi/UNI: The World Bank has projected India’s GDP growth for the current financial year 2023-24 at 6.3% even as global headwinds continue to persist and intensify further due to high interest rates, geopolitical tensions and sluggish global demand.
IndiGo commences operations between Delhi-Itanagar
Oct 02, 2023, at 11:40 pm
Private airlines major IndiGo has commenced exclusive direct flights between Delhi and Itanagar, effective October 2, 2023.
Govt extends tenure of CBDT Chairperson Nitin Gupta
Oct 01, 2023, at 05:04 am
New Delhi: CBDT Chairperson Nitin Gupta, a 1986-batch IRS officer, received a nine-month extension in service on a contract basis from the Union government on Saturday, media reports said.
IREDA upgraded from ‘Schedule B’ to 'Schedule A' CPSE
Oct 01, 2023, at 01:15 am
New Delhi: Renewable Energy Development Agency Ltd (IREDA), the largest pure-play green financing Non-Banking Finance Company in India, has been upgraded from 'Schedule B' to the 'Schedule A' category of Central Public Sector Enterprises.
India retains the 40th Position in Global Innovation Index 2023
Oct 01, 2023, at 12:57 am
New Delhi: India retained the 40th position out of 132 economies in the Global Innovation Index (GII) 2023, reflecting a remarkable journey from its 81st rank in 2015 to this notable achievement.
EPFO extends three months’ time for employers to upload wage details by Dec 31
Oct 01, 2023, at 12:46 am
New Delhi: The Central Board of Trustees of EPFO has extended the time, for the employers to submit wage details and other required information till December 31, 2023.
Govt's total gross liabilities grow 2.2% Q-o-Q to Rs 1,59,53,703 cr
Oct 01, 2023, at 12:41 am
New Delhi: The total gross liabilities of the government, including those under the 'Public Account', saw a marginal increase to Rs 1,59,53,703 crore from Rs 1,56,08,634 crore in end-March 2023, reflecting a 2.2% quarter-on-quarter rise in Q1 FY24.
RBI extends deadline for returning Rs 2000 bank notes till October 7
Oct 01, 2023, at 12:29 am
The Reserve Bank of India (RBI) on Saturday extended the deadline for exchanging or depositing Rs 2000 banknotes by a week to October 7, 2023.