Adani family infuses Rs 8,339 cr in Ambuja Cements, raising stake to 70.3%
Apr 18, 2024, at 03:06 am
Ahmedabad: The Adani family, headed by billionaire Gautam Adani, announced on Wednesday that they have injected Rs 8,339 crore as the main shareholders into their cement subsidiary Ambuja Cements Ltd. by fully participating in the company's warrants program.
Elon Musk likely to announce $2-$3 billion investment for Tesla factory in India
Apr 18, 2024, at 02:36 am
New Delhi: Tesla CEO Elon Musk is set to announce an investment of $2-$3 billion in India, primarily aimed at establishing a new factory, during his upcoming visit to New Delhi to meet with Prime Minister Narendra Modi, Reuters reported, citing sources.
Apple inks JV with CleanMax for 6 rooftop solar projects with 14.4 MW capacity in India
Apr 18, 2024, at 02:17 am
Bengaluru: iPhone maker Apple has inked a joint venture with Indian renewable energy developer CleanMax to address the issue of greenhouse gas emissions associated with customers using their devices under its Apple 2030 roadmap.
Home Loan Balance Transfer: Unlocking the Path to Savings
Apr 18, 2024, at 12:12 am
In the realm of managing home loan finances, a balance transfer facility emerges as a strategic tool for homeowners seeking to optimize their finances. Through home loan refinancing, you can transfer your outstanding loan amount from the existing lender to a new lender, typically to avail of a lower home loan interest rate.
India eyes to become global nutrition hub
Apr 17, 2024, at 06:49 pm
In a bold move to transform its agricultural landscape, India is set on a path to become a Global Nutrition Hub, with a focus on promoting millets as a superfood and bolstering the production of pulses and edible oils. The ambitious plan aims to empower farmers and make agriculture a more lucrative profession.
Stock market holiday: BSE, NSE to remain closed for Ram Navami today
Apr 17, 2024, at 04:14 pm
Mumbai/IBNS: The Indian stock market -- the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) -- is closed today (Wednesday, Apr 17) on account of Ram Navami, which is celebrated as the birth anniversary of Lord Ram.
Total number of folios of Indian mutual fund industry doubled in last 5 years to touch 17.79 lakh cr
Apr 17, 2024, at 08:51 am
Mumbai: The total number of folios in the Indian mutual fund industry has nearly doubled in the last five years at 17.79 lakh crore in March 2024, up from 8.97 lakh crore in March 2020 on the back of increasing awareness and a growing interest among retail investors for investing in equities and bonds through the mutual fund route.
Aditya Birla Group aims to bolster its financial arm with new Rs 100 cr app
Apr 17, 2024, at 07:12 am
Mumbai: The Aditya Birla Group is upbeat about a new app the company has developed at a cost of Rs 100 crore with the aim to nearly double its customer base within three years and keep pace with the expected growth in India’s financial services sector, media reports said.
Apr 17, 2024, at 06:27 am
New Delhi: India's merchandise exports plummeted by 3% to $437 billion in the previous fiscal year, despite a fourth-quarter uptick.
Zee withdraws application for execution of merger with Sony
Apr 17, 2024, at 05:46 am
Mumbai: Zee Entertainment Enterprises Ltd. announced on Tuesday that it has withdrawn its application from the National Company Law Tribunal (NCLT) regarding the execution of its merger with Sony Entertainment Enterprises (Culver Max), the company said in a statement.
IMF raises India's FY25 GDP growth forecast by 30 bps to 6.8%
Apr 17, 2024, at 04:54 am
New Delhi: The International Monetary Fund (IMF) increased its forecast for India's GDP growth in 2024-25 by 30 basis points to 6.8%, it said in an update to the World Economic Outlook (WEO).
RBI conducts 2-day VRRR auctions as liquidity in banking system nears Rs 1 trillion
Apr 17, 2024, at 04:42 am
Mumbai: The Reserve Bank of India on Tuesday held a two-day variable rate reverse repo (VRRR) auction due to the nearing Rs 1 trillion liquidity surplus in the banking system.
Mahindra Group enters hybrid renewable energy sector with Rs 1,200 cr investment
Apr 17, 2024, at 03:25 am
Mumbai: The Mahindra Group announced its entry into the hybrid renewable energy sector with a Rs 1,200 investment in a solar and wind project, a stock exchange filing said on Monday.
Jio Financial Services enters into JV with US-based BlackRock for wealth management and broking biz
Apr 17, 2024, at 02:14 am
Mumbai: Jio Financial Services has announced a joint venture with the US-based multinational investment company BlackRock for wealth management and broking operations in India.
Apr 17, 2024, at 02:05 am
Bengaluru: Apple is in talks with the Murugappa Group and Tata Group's Titan Company for manufacturing sub-components for iPhone camera modules, media reports said.
Motorola Solutions unveils new Experience Centre in Gurugram
Apr 16, 2024, at 11:04 pm
Tech major Motorola Solutions on Monday opened its new Experience Center in Gurugram, India, showcasing how its safety and security ecosystem can support India’s public safety and enterprise security sectors.
Mahindra launches Bolero Neo Plus, check out the price now
Apr 16, 2024, at 10:43 pm
SUV manufacturing major Mahindra & Mahindra Ltd. on Tuesday unveiled the Bolero Neo+ 9-seater, offered in two variants—the P4 and the premium P10.
Ramkrishna Forgings Limited bags INR 270 crores order for Vande Bharat trains
Apr 16, 2024, at 09:51 pm
Ramkrishna Forgings Limited, a supplier of rolled, forged, and machined products, on Monday announced it received an order valued at INR 270 crores for Vande Bharat trains.
Apr 16, 2024, at 08:44 pm
The Reserve Bank of India on Monday (April 15, 2024) directed all banks and regulated entities not to levy additional fees on loans that were not previously disclosed in the Key Fact Statement (KFS).
Apr 16, 2024, at 03:49 pm
Mumbai/IBNS: Indian indices opened on a negative note on Tuesday (April 16) with Nifty below 22,150 as geopolitical tensions continue to flare up in the Middle East after the Iranian aerial attack on Israel on Sunday midnight.
Automobile major Tesla may remove 10 percent of its workforce
Apr 16, 2024, at 02:58 pm
Automobile major Tesla will remove 10 per cent of its global electric vehicle workforce.
Wai Wai noodles maker Binod Chaudhary aims to list India unit by 2026
Apr 16, 2024, at 05:17 am
Nepalese billionaire Binod Chaudhary, who made it big selling instant noodles, is seeking to list his conglomerate Chaudhary Group’s India food unit by 2026.
Ambuja Cements to acquire 1.5 MTPA grinding unit at Tamil Nadu’s Tuticorin for Rs 413.75 cr
Apr 16, 2024, at 05:04 am
Ahmedabad: Adani Group-owned cement and building material company Ambuja Cements signed a definitive agreement to acquire My Home Group's 1.5 MTPA cement grinding unit in Tamil Nadu’s Tuticorin.
Byjus's India CEO Arjun Mohan quits six months after joining
Apr 16, 2024, at 02:57 am
Byju’s India CEO Arjun Mohan has quit his position in the firm just six months after taking over the role, the company announced in a statement on Monday.
Vodafone Idea expects to roll out 5G service in next six-nine months
Apr 16, 2024, at 12:07 am
Telecom major Vodafone Idea is planning to launch its 5G service in select pockets across India in the next six to nine months, media reports said.
Crypto market crashes amid Iran-Israel conflict
Apr 15, 2024, at 11:46 pm
The crypto market witnessed a significant drop with several altcoins plunging by double digits in response to the current Middle East crisis triggered by Iran's attack on Israel on Saturday.
Indian market tanks over 800 points amid escalating tension between Israel-Iran
Apr 15, 2024, at 11:03 pm
Amidst rising geo-political tension and higher-than-expected US inflation, the stock markets on Monday tanked right from word go and ended the day with a loss of over 845 points to settle at 73399.78.
Apr 15, 2024, at 10:56 pm
Elon Musk-owned American brand Tesla has signed a strategic deal with Tata Electronics to procure semiconductor chips for its worldwide operations, media reports said.
Asian stocks fall amid Iran-Israel tensions, China rebounds on govt support
Apr 15, 2024, at 04:51 pm
New York/IBNS: Most Asian stocks slipped Monday (Apr 15), tracking a fall in US equities, as markets grappled with escalating geopolitical tensions after Iran launched an unprecedented drone attack on Israel at the weekend.
Indian stock market to remain volatile today amid escalating Iran-Israel tension: Experts
Apr 15, 2024, at 03:54 pm
Mumbai/IBNS: The market experts believe that the Indian stock markets could remain volatile on Monday (Apr 15) amid the escalating geopolitical tensions between Iran and Israel.