SBI unveils “Amrit Vrishti” term deposit scheme for 444 days
Jul 16, 2024, at 11:18 pm
State Bank of India has launched a new term deposit scheme named "Amrit Vrishti".
Vedanta Limited to use Rs 8,000-crore QIP to repay Oaktree Capital, Deutsche Bank, Union Bank debts
Jul 16, 2024, at 11:15 pm
Mumbai: Vedanta Limited plans to use the proceeds from its Rs 8,000-crore Qualified Institutional Placement (QIP) offer to partially or fully repay its debt to Oaktree Capital, Deutsche Bank, and Union Bank of India, according to the offer documents filed by billionaire Anil Agarwal’s company, media reported.
Indian travellers in Qatar can soon make UPI payments
Jul 16, 2024, at 10:58 pm
NPCI International Payments Limited (NIPL) has signed an agreement with QNB, the largest financial institution in the Middle East and Africa, headquartered in Qatar, to launch QR code-based Unified Payments Interface (UPI) payments across the country.
Bajaj Auto Q1 FY25 profit grows 18% YoY to Rs 1,941.79 cr
Jul 16, 2024, at 10:30 pm
Mumbai: Bajaj Auto Ltd on Tuesday reported an 18% year-on-year increase in its consolidated net profit for Q1 FY25, reaching Rs 1,941.79 crore, driven by steady demand, strong two-wheeler sales, and higher realizations.
NCAER, IEPFA organise workshop on investor education and protection in collab with MDI Gurgaon
Jul 16, 2024, at 08:08 am
Gurgaon: NCAER and IEPFA, in association with MDI Gurgaon, organised a workshop on investor education and protection with the focus on equipping the youth with necessary skills and knowledge to navigate through the complexities of the modern financial landscape.
India's Wholesale Price Index rises to 3.6 percent in June
Jul 15, 2024, at 11:08 pm
India’s Wholesale Price inflation (WPI) for the month of June 2024 has accelerated to 3.6 per cent compared to 2.61 per cent in the previous month, as per the Indian government released data on Monday.
Jul 15, 2024, at 11:05 pm
Sanstar Limited is one of the major manufacturers of plant-based speciality products and ingredient solutions in India for food, animal nutrition and other industrial applications, has fixed the price band of Rs. 90/- to Rs.95/- per Equity Share of face value Rs.2/- each for its maiden initial public offer.
Jul 15, 2024, at 11:00 pm
Reaffirming its commitment to nurturing talent and creating a skilled workforce for the automotive industry, Tata Motors’ in collaboration with Navodaya Vidyalaya Samiti (NVS) has established dedicated ‘Automotive Skill Labs’ at Jawahar Navodaya Vidyalayas(JNVs).
EV sector seeks incentives and tax rationalisation from Union Budget 2024: Report
Jul 15, 2024, at 10:29 pm
New Delhi/IBNS: With Union Finance Minister Nirmala Sitharaman scheduled to present the Union Budget 2024 on July 23, India's electric vehicle (EV) industry is optimistic about potential announcements that could spur industry growth, reports ANI.
Tata Curvv, Curvv EV to be launched in India on August 7: Reports
Jul 15, 2024, at 10:20 pm
Mumbai/IBNS: Indian multinational automotive company Tata Motors has been actively promoting its upcoming Curvv coupe SUV on its various social media handles.
Foreign investors pump in Rs 15,352 cr in Indian equities in first two weeks of July
Jul 15, 2024, at 07:44 pm
Mumbai/IBNS: Foreign investors infused Rs 15,352 crore into Indian equities during the first two weeks of July 2024.
Google parent Alphabet in talks to securing $23 billion deal for cybersecurity leader Wiz: Report
Jul 15, 2024, at 06:57 pm
Washington/IBNS: American tech giant Google's parent company, Alphabet, is in advanced talks to secure the monumental acquisition of the cybersecurity firm Wiz for an estimated $23 billion, Reuters reported, citing an insider who shared details on Sunday under the condition of anonymity.
Bitcoin surpasses USD 60,000 following attack on former US President Donald Trump
Jul 14, 2024, at 08:30 pm
Bitcoin has jumped higher after an assassination attempt was made on former US President Donald Trump during a rally in Pennsylvania.
Investing in the Future: Opportunities in Commodity and Options Markets
Jul 12, 2024, at 11:34 pm
The commodity and derivatives markets offer exciting investment opportunities for investors looking to modify their portfolios. With the right strategies, these markets can provide leveraged returns, portfolio protection, and consistent income.
CCI probe alleges Apple exploited its dominant position in the app store market
Jul 13, 2024, at 06:06 am
New Delhi: An investigation by The Competition Commission of India (CCI) has concluded that Apple exploited its dominant position in the app store market on its iOS operating system, engaging in "abusive conduct and practices," Reuters reported.
Coal India eases e-auction norms; plans to change auction and allocation methodology
Jul 13, 2024, at 05:39 am
Kolkata: Maharatna coal giant Coal India Limited (CIL) on Friday announced that it has implemented measures to relax e-auction norms, such as reducing the earnest money requirement and increasing the quantity of coal available.
Railway adds 92 General Class coaches in 46 trains; more in pipeline
Jul 13, 2024, at 05:18 am
New Delhi: Indian Railways has expanded the number of coaches in 46 different important long-distance trains.
Jul 13, 2024, at 03:23 am
Thiruvananthapuram: Mother ship MV San Fernando was received at India’s first deep water container transhipment port in Vizhinjam, Kerala on Friday by Union Minister of Ports Sarbananda Sonowal and state’s Chief Minister Pinarayi Vijayan.
DRDO approves 7 new projects to boost India's defence production
Jul 13, 2024, at 03:18 am
New Delhi: The Defence Research & Development Organisation (DRDO) has made a big move towards bolstering India's self-reliance in the defence sector by approving seven new projects under the Technology Development Fund (TDF) scheme, media reported.
Here's how stock markets are likely to react before and after Union Budget 2024
Jul 12, 2024, at 10:26 pm
Mumbai/IBNS: The Government of India is set to present the Union Budget 2024 on July 23 this year.
West Bengal lost 3 million jobs in unorganised sector over 7 years, NSO data reveals
Jul 12, 2024, at 10:21 pm
Kolkata: West Bengal witnessed loss of as many as 3 million jobs from 2015-16 to 2022-23, while Maharashtra gained 2.4 million workers in unincorporated enterprises, making them the worst- and best-performing states, respectively, media reported, citing government data.
Oil gains after US inflation data pushes Wall Street to lift Fed rate cut bets
Jul 12, 2024, at 08:57 pm
Washington/IBNS: Crude oil prices extended gains on Thursday (July 11), keeping the Brent crude benchmark above the $85 per barrel-mark, after Wall Street experts lifted bets on interest rate cuts by the United States Federal Reserve, reports Mint.
Vehicle tax waiver not for all cars: UP Govt likely to clarify on details of its hybrid car policy
Jul 12, 2024, at 08:02 pm
Lucknow/IBNS: Days after announcing a complete waiver on road tax for hybrid cars, the Uttar Pradesh government is likely to issue a clarification on the details of its hybrid car policy, reports CNBC-TV18.
Jio Financial Services gets RBI approval to become a core investment company
Jul 12, 2024, at 07:14 pm
New Delhi/IBNS: Jio Financial Services on Thursday (July 11) received the Reserve Bank of India's (RBI) approval to become a Core Investment Company (CIC) from a Non-Banking Financial Company (NBFC), the company said in an exchange filing.
Reserve Bank of India allows resident Indians to open foreign currency accounts in GIFT City
Jul 12, 2024, at 06:16 pm
New Delhi/IBNS: The Reserve Bank of India (RBI) has allowed Indian residents to open foreign currency accounts in Gujarat International Finance Tec-City (GIFT City), widening the scope of remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS).
Budget expectations: Modi 3.0 may propose income tax rate cut, incentives for PSUs
Jul 12, 2024, at 06:08 am
Mumbai: The Indian stock markets are expected to witness volatility over the next two weeks as they anticipate and then react to Finance Minister Nirmala Sitharaman’s budget proposals for the fiscal year 2024-25 (FY25), media reported.
Vedanta announces demerger into six separate entities EBITDA target of $10 billion
Jul 11, 2024, at 11:09 pm
New Delhi: In a major move poised to redefine its market presence and shareholder engagement, Vedanta Ltd. announced the demerger of its conglomerate into six separate entities at its 59th Annual General Meeting on Thursday.
Microsoft quits Sam Altman's OpenAI board amid AI partnerships scrutiny
Jul 11, 2024, at 10:37 pm
Washington/IBNS: American tech giant Microsoft has left the board observer seat at OpenAI which has drawn regulatory scrutiny as the former said that it was not necessary as the artificial intelligence (AI) start-up's governance has improved significantly in the past eight months, reports said.
SEBI committee proposes stricter measures to curb derivatives volume: Report
Jul 11, 2024, at 07:26 pm
New Delhi/IBNS: The Working Committee on Futures and Options of the Securities and Exchange Board of India (SEBI) has proposed several stricter measures to control the rapid rise in derivatives trading volume, reports said.
RBI cautions banks against 'lakhs of accounts' used for fraudulent transactions, loan evergreening
Jul 11, 2024, at 06:47 pm
New Delhi/IBNS: The Reserve Bank of India (RBI) has cautioned banks against having "lakhs of accounts" used for fraudulent transactions and loan accounts' evergreening, media reports said.