Mutual fund industry sees record growth in June 2024 with AUM reaching Rs 61,15,581.92 cr
Jul 10, 2024, at 01:46 am
The mutual fund industry's net Assets Under Management (AUM) reached Rs 61,15,581.92 crores in June 2024, showing a significant increase from Rs 58,91,160.48 crores in May 2024.
Paytm gets govt panel's approval to receive China-linked investments for its payments arm: Report
Jul 09, 2024, at 10:21 pm
Mumbai: Paytm, which has been struggling after RBI’s operational restrictions on its payments arm Paytm Payment Bank, has received approval from a government panel overseeing China-related investments to inject 500 million rupees ($6 million) into a significant subsidiary, media report.
Indian Market: Sensex slips 36.22 points
Jul 08, 2024, at 10:11 pm
The Indian equity market witnessed a negative trend for the fourth consecutive session on Monday with BSE Sensex slipping 36.22 points to settle at 79,960.38.
Jul 08, 2024, at 07:17 am
New Delhi: Pursuing its commitment to achieve net zero emissions by 2070, India is gradually transitioning away from fossil fuels and embracing renewable energy sources.
Jul 08, 2024, at 03:17 am
Mumbai: US-based short seller Hindenburg Research shared an early access copy of its report against the Adani Group of companies with New York-based hedge fund manager Mark Kingdon, two months before its publication, allowing realisation of profits from the share price movement, according to the Securities and Exchange Board of India (SEBI), media reported.
Ather showcases its latest electric scooter Rizta in Kolkata, check out the prices
Jul 07, 2024, at 07:28 am
Bengaluru-based electric scooter manufacturer Ather Energy showcased its newly launched Rizta in Kolkata on Saturday, a vehicle designed keeping the family riders in mind.
Modi 3.0 to present Union Budget on July 23
Jul 07, 2024, at 01:55 am
New Delhi: The Union Budget for the financial year 2024–25 will be presented in the Lok Sabha on July 23. The budget session of Parliament is scheduled to take place from July 22 to August 12.
Relief for industry and GST taxpayers as govt cracks down on GST demand notices: Report
Jul 06, 2024, at 08:39 pm
New Delhi: The government has decided to send any GST (Goods and Service Tax) demand notice to the taxpayers, only once there is approval from the Union Ministry of Finance in the North Block, reports CNBC TV18.
June car sales: Maruti Suzuki continues to dominate Indian car market with 40% market share
Jul 06, 2024, at 08:03 pm
New Delhi/IBNS: The Indian four-wheeler market witnessed a modest overall growth of 3.63 percent in June 2024, compared to the same month of the last year, with total car sales rising to 3,39,415 units from 3,27,539 units in June 2023, reports said.
Chinese EVs hit with duties in biggest European Union trade case yet
Jul 06, 2024, at 08:00 pm
Brussels/IBNS: The European Union (EU) will impose tariffs of up to 37.6 percent from Friday on imports of electric vehicles (EVs) manufactured in China, ratcheting up tensions with Beijing in Brussels’ largest trade case yet, Reuters reported, citing EU officials.
Ola Cabs exits Google Maps, moves to in-house navigation platform Ola Maps
Jul 06, 2024, at 07:56 pm
Bengaluru/IBNS: Bengaluru-based ride-hailing cab aggregator, Ola, has announced a significant shift in its operations by fully transitioning from Google Maps to its in-house navigation platform, Ola Maps, on Friday (July 5).
DPIIT signs MoU with NCAER for development of framework & assessment of logistics cost in India
Jul 06, 2024, at 06:44 am
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) and National Council of Applied Economic Research (NCAER) signed a Memorandum of Understanding (MoU) in New Delhi on Friday for the development of framework & assessment of logistics cost in India.
Kharif sowing area for onion set to be 27% higher than last year; 30% sowing completed in Karnataka
Jul 06, 2024, at 06:29 am
New Delhi: Good and timely monsoon rains this year has provided a big boost for kharif crops, including onion and other horticultural crops like tomato and potato, the Ministry of Consumer Affairs said.
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.