Bank of Baroda raises Rs 7,500 cr through Additional Tier 1 bonds
Jul 06, 2024, at 06:07 am
Mumbai: Bank of Baroda on Friday announced that its board of directors approved a plan to raise an additional Rs 7,500 crore in capital through Additional Tier 1 (AT1) and Tier 2 bonds.
Jul 06, 2024, at 05:52 am
Kolkata: NPCI International Payments Limited (NIPL) in partnership with Network International (Network), a leading enabler of digital commerce across the Middle East and Africa (MEA) region, has enabled the acceptance of QR code-based Unified Payments Interface (UPI) payments via Network’s point-of-sale (POS) terminals in the UAE.
Continued slowdown in bank deposit growth in June qtr: Report
Jul 06, 2024, at 05:14 am
Mumbai: Concerns about a continued slowdown in bank deposit growth persist, with several top lenders experiencing a sequential decline in deposits in the June quarter of FY25, media reports said.
SEBI issues new guidelines to enhance credit rating agency operations
Jul 06, 2024, at 03:29 am
Mumbai: The Securities and Exchange Board of India (SEBI) has issued updated directives to streamline processes and improve business efficiency for credit rating agencies, media reported.
Centre likely to review restrictions on rice export ban in Sept if monsoon favourable: Report
Jul 06, 2024, at 01:01 am
New Delhi: The central government is likely to review the restrictions on exporting certain rice varieties in September, following the conclusion of the ongoing kharif season and the availability of final production figures, Moneycontrol reported, citing government officials.
'Not India’s loss': Ola's Bhavish Aggarwal on Tesla's withdrawal from India
Jul 05, 2024, at 11:35 pm
Bengaluru: Tesla's decision to forgo investment in the Indian market represents a significant missed opportunity for the US-based company, not for India, according to Bhavish Aggarwal, CEO of Ola Cabs.
Bajaj Auto launches world's first CNG bike 'Freedom 125', prices start at Rs 95,000
Jul 05, 2024, at 11:02 pm
Pune/IBNS: In a monumental occasion in the global automotive industry, especially in the alternate fuel space, Indian two-wheeler maker Bajaj Auto on Friday (July 5) launched the world's first motorcycle that will run on both Compressed Natural Gas (CNG) and petrol.
Set up institutional mechanism to tackle fraud, market abuse: SEBI directs stockbrokers
Jul 05, 2024, at 08:24 pm
New Delhi/IBNS: Aiming to instil confidence in the securities market, the regulatory body for securities and commodity market in the country, Securities and Exchange Board of India (SEBI), has directed stockbrokers to establish an institutional mechanism to detect and prevent fraud and market abuse.
Jul 05, 2024, at 08:18 pm
India's Ministry of Defence on Friday said it achieved the highest-ever growth in indigenous defence production in value terms during Financial Year (FY) 2023-24, on the back of successful implementation of the policies and initiatives of the Government.
Jul 05, 2024, at 07:42 pm
New Delhi/IBNS: Senior lawyer Mahesh Jethmalani, in a stunning claim that he has called a "smoking gun", has alleged that a businessman with Chinese links had commissioned the report by short-seller Hindenburg Research which led to shares of Adani Group companies taking a hit, reports NDTV.
Bajaj Auto to launch world's first CNG motorcycle 'Freedom 125' today
Jul 05, 2024, at 06:37 pm
Mumbai/IBNS: India's leading two-wheeler manufacturer, Bajaj Auto is going to launch the world’s first motorcycle that will run on both Compressed Natural Gas (CNG) and petrol, reports said.
NCLT warns Byju's to pay salaries to workers or face an audit
Jul 05, 2024, at 06:49 am
Bengaluru: The National Company Law Tribunal (NCLT) has directed Byju's to pay its employees' salaries, whether or not the company has access to funds raised through its rights issue, media reported.
Centre to ease Visa application process for PLI sector manufacturers
Jul 05, 2024, at 06:23 am
New Delhi: The government is working to streamline the application process for Indian business visas for companies that have established manufacturing units in the 14 sectors covered by the production-linked incentive (PLI) scheme but are not beneficiaries of the scheme, media reported.
FIIs turn bullish on financial services; acquire shares worth Rs 8,100 cr in late June
Jul 04, 2024, at 11:18 pm
Mumbai: Foreign institutional investors (FII) have shown a marked shift towards optimism in the financial services sector, purchasing shares valued at over Rs 8,100 crore during the latter half of June, reported Moneycontrol.
Jul 04, 2024, at 08:54 pm
New Delhi/IBNS: The Government of India and the telecom regulator will not interfere or stop telecom companies from increasing prices, Economic Times reported, citing officials in the know.
CMF by Nothing announces Rashmika Mandanna as brand ambassador, unveils designs of CMF Phone 1
Jul 04, 2024, at 07:20 pm
New Delhi/IBNS: CMF, a sub-brand of London-based tech company Nothing Technology Limited, has announced its partnership with Indian actress Rashmika Mandanna.
Jul 04, 2024, at 05:47 pm
New Delhi/IBNS: Union Information Technology Minister Ashwini Vaishnaw said Wednesday that the Indian government will roll out the Rs 10,000 crore India AI Mission in the next two to three months under which it will help procure computing power for the domestic industry run artificial intelligence (AI) systems.
Bajaj Housing Finance launches Sambhav home loans
Jul 04, 2024, at 06:07 am
Kolkata: Bajaj Housing Finance launched affordable and accessible housing finance product Sambhav Home Loans.
L&T bags $4 billion contracts from Saudi Aramco for gas projects
Jul 04, 2024, at 06:01 am
Riyadh: India's largest infrastructure firm L&T has secured contracts exceeding $4 billion from Saudi Aramco for the expansion of its gas projects.
No bids for Jammu Kashmir lithium block in second auction attempt: Report
Jul 04, 2024, at 05:34 am
New Delhi: India's Jammu and Kashmir received no bids in a second attempt to auction mining rights for lithium reserves discovered last year, Reuters reported citing a source with direct knowledge of the matter.
Poverty in India declines from 21.2% in 2011-12 to 8.5% in 2022-24: NCAER research
Jul 04, 2024, at 05:16 am
New Delhi: Poverty in India is estimated to have declined to 8.5% in 2022-24 from 21.2% in 2011-12, despite the challenges posed by the pandemic, according to a research paper by the economic think tank NCAER.
Jul 04, 2024, at 03:06 am
New Delhi: UPI payments are now available in the UAE through a partnership between NPCI International Payments Ltd and Network International, a key player in digital commerce across the Middle East and Africa.
India's coal production jumps 14.49% to 84.63 MT in June
Jul 04, 2024, at 02:59 am
New Delhi: The country's coal production surged by 14.49% to 84.63 million tonnes (MT) in June, up from 73.92 MT in the same period last fiscal year, according to the provisional government data.
Jul 04, 2024, at 02:22 am
New Delhi: As the Union Budget 2024 approaches, taxpayers and financial experts are keen to see if new tax deductions will be introduced or existing ones modified.
Indian Railways achieves 135.46 MT freight loading in June2024
Jul 03, 2024, at 11:30 pm
During the month of June 2024, originating freight loading of 135.46MT has been achieved against loading of 123.06MT in June 2023, which is an improvement of approx 10.07% over the last year, the Ministry of Railways said on Tuesday.
Indian social media app Koo shuts down after funding talks fail
Jul 03, 2024, at 10:25 pm
Bengaluru: Indian social media app Koo, once considered a potential future rival to the micro-blogging platform X, has shut down today, is closing down, founder Aprameya Radhakrishna announced on LinkedIn on Wednesday.
Airtel, Reliance Jio effect tariff hike from today, take a look at new plans
Jul 03, 2024, at 08:45 pm
Mumbai/IBNS: Prepaid recharge plans in India are getting expensive as the hiked tariffs earlier announced by Reliance Jio and Bharti Airtel go live today, Wednesday (July 3).
Jul 03, 2024, at 07:27 pm
New Delhi/IBNS: Since the 1991 shock, India’s steady accumulation of foreign reserves which stood at over USD 653 billion by June, comfortably surpassing the conventional thresholds for adequacy used by IMF and others, is set to act as a bulwark against any adverse geo-strategic and geo-economic factors like the Israel-Hamas and Russia-Ukraine conflicts.
Jul 03, 2024, at 06:48 pm
New Delhi/IBNS: Air India on Monday (July 1) announced that it will set up a flying training organisation (FTO) in Maharashtra’s Amravati, and make it operational by early 2026.
Punjab needs to junk free power, mono-culture farming to overcome economic woes: NCAER Paper
Jul 03, 2024, at 06:36 pm
New Delhi/IBNS: Punjab, which was the beacon of Green Revolution and has been the ‘food bowl’ of India, needs to shed its mono-culture farming, scrap subsidies like free power and water and reorient its industries and services to overcome slow economic growth, high debt, societal challenges like the drug menace and environmental degradation.