Video showing luxury cars parked at Blinkit and Zomato's Gurugram offices goes viral
Sep 17, 2024, at 09:07 pm
Gurugram/IBNS: A video showing a fleet of luxury cars parked outside the Zomato and Blinkit headquarters in Gurugram has gone viral on social media.
Sep 17, 2024, at 08:28 pm
New York/IBNS: Oil prices surged by nearly 2 percent on Monday (Sept. 16), buoyed by continued disruptions to U.S. Gulf Coast oil production, despite ongoing concerns about demand stemming from weak economic data from China.
Old lending practices a constraint in catering to agriculture sector: RBI deputy governor
Sep 17, 2024, at 08:19 pm
Pune/IBNS: Traditional lending methods fall short in meeting the unique demands of the agricultural sector, necessitating innovative, flexible financial solutions tailored to farmers' needs, Reserve Bank of India's (RBI) deputy governor Swaminathan Janakiraman said.
LIC appoints Infosys to build its NextGen Digital Platform
Sep 16, 2024, at 10:05 pm
Life Insurance Corporation of India (LIC) has undertaken a digital transformation programme named DIVE (Digital Innovation and Value Enhancement). Under DIVE, LIC aims to significantly boost its digital platform with an aim to provide superior experience to its customers, field force, partners and employees.
Adani Group clarifies it did not release any press release on 'Kenya projects'
Sep 16, 2024, at 09:59 pm
India's Adani Group on Monday clarified it has not issued any press statement on its ongoing projects and presence in Kenya.
Amazon India hosts Seller Connect event to help SMBs gear up for festive season
Sep 16, 2024, at 09:54 pm
E-commerce giant Amazon India has successfully hosted its annual Amazon Seller Connect event at JW Marriott in Kolkata with over 100 sellers from Kolkata, and provided them with a platform to engage and interact with its leadership, while covering different nuances of selling online with Amazon.
Flipkart gears up for 11th edition of ‘The Big Billion Days’ with new tech launches
Sep 16, 2024, at 09:50 pm
E-commerce major Flipkart has announced the dates for its highly-anticipated annual flagship event, The Big Billion Days (TBBD) 2024.
Sep 16, 2024, at 09:04 pm
New Delhi/IBNS: India is actively seeking investments from South Korean and Japanese shipbuilders as part of its strategy to become a major global shipbuilding centre, according to a report by Mint.
Bandhan Bank offers up to 8.55 pct interest on Fixed Deposit for 1 year
Sep 16, 2024, at 08:26 pm
Private lender Bandhan Bank on Monday announced that it is offering up to 8.55% interest rate on Fixed Deposit (FD) for the tenure of 1 year, which is one of the best FD interest rates in the banking industry.
India can achieve sustainable growth of up to 8% in the coming years: RBI Governor Shaktikanta Das
Sep 16, 2024, at 08:26 pm
Mumbai/IBNS: Reserve Bank of India (RBI) Governor Shaktikanta Das said India has the potential to achieve sustainable economic growth of up to 8 percent in the medium term.
Mahindra launches Veero, prices start at Rs. 7.99 Lakh
Sep 16, 2024, at 08:20 pm
Automobile major Mahindra & Mahindra Ltd on Monday announced the launch of the Mahindra Veero, starting at Rs. 7.99 Lakh.
Bajaj Housing Finance shares make strong market debut, IPO listed with 114% premium at Rs 150
Sep 16, 2024, at 06:03 pm
Mumbai/IBNS: Bajaj Housing Finance shares made a strong stock market debut on Monday (Sept. 16), listing at Rs 150 per share on both the NSE and BSE.
Japanese and Korean shipbuilders keen to invest in India: Sarbananda Sonowal
Sep 16, 2024, at 05:41 pm
New Delhi/IBNS: In a potential boost for India's developing shipbuilding industry, companies from Japan and South Korea have shown interest in investing in the sector, according to Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal.
Sep 14, 2024, at 09:25 pm
New Delhi/IBNS: India is set to join the Financial Action Task Force's (FATF) prestigious group of top performers on September 19.
Sep 14, 2024, at 06:56 pm
New York/IBNS: The appointment of Tim Harvey as the new interim CEO of tech unicorn OpenWeb has sparked a dramatic showdown with the company’s founder, Nadav Shoval.
SEBI disposes co-location case against NSE, seven ex-executives due to insufficient evidence
Sep 14, 2024, at 06:07 pm
Mumbai/IBNS: The Securities and Exchange Board of India (SEBI), the regulatory body for securities and commodity market in the country, has closed its proceedings against the National Stock Exchange (NSE), along with former executives Ravi Narain, Chitra Ramkrishna, Anand Subramanian, and others, regarding the exchange's co-location services.
Max Healthcare acquires 64% stake in Jaypee Healthcare
Sep 14, 2024, at 07:14 am
Mumbai: Max Healthcare Institute Ltd.’s board has approved a strategic partnership with the Lakshdeep Group, promoters of Jaypee Healthcare Ltd. (JHL), by facilitating the repayment of JHL’s financial debts, media reports said.
GQG Partners raises stake in Patanjali Foods by 1.24% for Rs 835 cr
Sep 14, 2024, at 06:50 am
Mumbai: Billionaire Rajiv Jain-backed GQG Partners increased its stake in Patanjali Foods by acquiring a 1.24% holding from promoter group entity Patanjali Ayurved Ltd for approximately Rs 835 crore in an open market transaction on Friday, media reports said.
Food delivery platform Zomato partners with IRCTC to provide food on train
Sep 14, 2024, at 05:36 am
Mumbai: Food delivery platform Zomato has partnered with the Indian Railway Catering and Tourism Corporation (IRCTC) to launch its new service, 'Zomato - Food Delivery in Trains', media reports said.
Centre lifts minimum price limit on onion export
Sep 14, 2024, at 04:22 am
New Delhi: The Centre has removed the minimum price limit for onion export to boost the earnings of Indian farmers and push exports.
Sep 14, 2024, at 04:18 am
New Delhi: Maruti Suzuki India Ltd maintained its lead, with production rising to 1,65,782 units in August 2024 and cumulative production reaching 8,35,842 units from April to August, according to a SIAM report.
Mahindra & Mahindra Financial Services to enter mortgage business
Sep 14, 2024, at 03:55 am
Mumbai: Mahindra & Mahindra Financial Services is all set to enter the mortgage business with its board greenlighting the new venture, media reports said.
Passenger Vehicle sales rise 1.6%; two-wheeler sales up 9.3% in Aug: SIAM report
Sep 14, 2024, at 03:43 am
New Delhi: The automobile sector showed mixed growth pattern across various segments of the automotive sector in India, according to the August 2024 report releasedby Society of Indian Automobile Manufacturers (SIAM).
TCS India employees receive tax demand notices from IT dept, company asks them to wait
Sep 13, 2024, at 09:47 pm
Mumbai/IBNS: Employees of Indian multinational information technology (IT) company, Tata Consultancy Services (TCS), have recently received income-tax demands ranging from Rs 50,000 to Rs 1.45 lakh, The Economic Times reported, citing its sources familiar with the matter.
Sep 13, 2024, at 09:11 pm
Ahmedabad/IBNS: Indian multinational conglomerate Adani Group has dismissed and denied "baseless allegations" regarding reports of funds being frozen in Swiss bank accounts.
Ford confirms India re-entry plans, Chennai plant to reopen after 2 years
Sep 13, 2024, at 08:16 pm
Bengaluru/IBNS: American multinational automobile manufacturer Ford Motor on Friday (Sept. 13) announced plans to restart a manufacturing facility in Tamil Nadu, potentially re-entering the Indian market it exited three years ago, according to a report by Reuters.
Sep 13, 2024, at 07:44 pm
Singapore/IBNS: Even as consumer price index (CPI) inflation has softened to the 2-6 percent tolerance band, there is still a ‘distance to cover’, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday (Sept. 13), signaling the central bank is in no hurry to cut interest rates despite the inflation dip in the world’s fastest-growing major economy.
August retail inflation at 3.65%, below RBI's 4% target
Sep 13, 2024, at 04:03 am
New Delhi: India’s retail inflation rose to 3.65% on an annual basis, up from a five-year low of 3.54%, according to government data released on Thursday.
Sep 12, 2024, at 11:34 pm
Tata Power EV Charging Solutions Limited, a EV Charging solutions providers and a subsidiary of Tata Power Renewable Energy Limited (a subsidiary of Tata Power), on Thursday announced the signing of a Memorandum of Understanding (MoU) with Tata Motors Limited (Tata Motors) to set up 200 fast-charging stations for electric commercial vehicles (CV) in all metros cities in India inluding Kolkata and Mumbai.
India's retail inflation eases to 3.65 pct in August in comparison to 6.83 pct registered a year ago
Sep 12, 2024, at 11:28 pm
India's retail inflation in August touched 3.65 percent as compared to 6.83 percent which was recorded during the same period last year.