SBI raises Rs 7,500 cr via Basel III compliant Tier 2 bonds
Aug 28, 2024, at 10:55 pm
Mumbai: State Bank of India (SBI), the country’s largest lender, raised Rs 7,500 crore today at a coupon rate of 7.42% through its first Basel III compliant Tier 2 bond issuance for the current financial year, the lender said in a press release on Wednesday.
US banks may link with India's UPI to enable fast payment network: Fed member Waller
Aug 28, 2024, at 10:50 pm
Mumbai: The United States might consider connecting some of its private banks with India's Unified Payments Interface (UPI) to speed up the formation of a fast payments network, said Christopher Waller, a member of the Federal Reserve Board of Governors, media reports said.
Kolkata loses 2.67 lakh mobile users in June 2024, highest in the country: TRAI
Aug 28, 2024, at 08:46 pm
New Delhi/Kolkata/IBNS: The number of mobile users in Kolkata circle fell by around 2.67 lakh in June 2024 compared to May 2024, which is the highest in the country, according to the Telecom Regulatory Authority of India's (TRAI) subscription data released last week.
Workers at 12 govt-run major ports to go on indefinite strike from Wednesday
Aug 28, 2024, at 07:16 am
Mumbai: The shipping industry is on the brink of another disruption as Grade-III and IV employees at government-run ports prepare to launch an indefinite strike starting Wednesday morning.
Canara Bank raises Rs 3,000 cr via AT1 bonds
Aug 28, 2024, at 06:30 am
Mumbai: Canara Bank raised Rs 3,000 crore at a coupon rate of 8.27%, lower than the market expectations of 8.30–8.35%, NDTV profit reported citing sources.
Automakers to give discounts to those scrapping old vehicles to buy new ones: Nitin Gadkari
Aug 28, 2024, at 05:58 am
New Delhi: Minister of Road Transport and Highways Nitin Gadkari on Tuesday said that several manufacturers of commercial and passenger vehicles will provide discounts on new vehicles in exchange for scrapping older ones with a valid Certificate of Deposit.
Bharti Airtel to close Wynk Music app; to absorb all employees
Aug 28, 2024, at 05:48 am
Mumbai: Telecom company Bharti Airtel will leave the music segment and close its Wynk Music app, media reports said.
A Silicon Valley-based company is Hindenburg's new target
Aug 28, 2024, at 04:49 am
Days after making grave allegations against SEBI chief Madhabi Puri Buch that she had an interest in the obscure offshore entities implicated in the "Adani money siphoning scandal", Hindenburg Research has released a new report targeting Silicon Valley-based Super Micro Computer Inc, media reports said.
GST Council meeting next month to discuss tax rate rationalization: FM
Aug 28, 2024, at 04:32 am
New Delhi: Finance Minister Nirmala Sitharaman announced on Tuesday that the GST Council will discuss the rationalization of tax rates next month though a final decision on adjusting taxes and slabs will be made later.
Rekha Jhunjhunwala likely to make Rs 106 crore from Baazar Style Retail IPO
Aug 28, 2024, at 01:10 am
Kolkata: Rekha Jhunjhunwala, wife of late billionaire investor Rakesh Jhunjhunwala, is set to offload her stake in Baazar Style Retail Limited, which is scheduled to launch its Initial Public Offering (IPO) on Friday.
Types of Pension Plans in India – Explained in Detail
Aug 27, 2024, at 11:54 pm
With rising inflation, you must invest money in pension plans to secure your post-retirement life. The earlier you start investing, the smoother your financial journey will be. However, when it comes to choosing the best pension plan for investment, you will find various types available in India. For instance, if you decide to invest in NPS, you must first understand what is Tier 1 and Tier 2 in NPS before choosing the right pension plan.
Home Loan Vs. Mortgage Loan: Know The Difference
Aug 27, 2024, at 11:48 pm
When navigating the world of property financing, understanding the distinction between a home loan and a mortgage loan is crucial. Though often used interchangeably, these terms have specific differences that can impact your financial planning. This guide will help you distinguish between them, ensuring you make informed decisions.
The Ultimate Guide to Choosing the Best Mutual Fund Calculator
Aug 27, 2024, at 11:43 pm
Mutual fund calculators are invaluable tools for investors seeking to estimate the returns on their investments, plan their financial goals, and make informed decisions. With numerous options available, selecting the best mutual fund calculator can significantly enhance your investment planning. This guide provides an overview of the key features to look for in a mutual fund return calculator, with a focus on how it can be used to evaluate investments such as the Nippon India Small Cap Fund.
Stock Market Success: Strategies That Work
Aug 27, 2024, at 11:38 pm
Investing in the stock market has long been a popular avenue for wealth creation. However, success in this domain requires more than just luck; it demands a strategic approach, understanding market trends, and disciplined investing. This article delves into proven strategies that can help investors navigate the complexities of the stock market, with a particular focus on the Indian context. We will also explore the implications of key terms like NSE holidays 2024 and forex trading meaning, and how they play a role in investment decisions.
Apple's operations in India likely to create 6 lakh jobs: Report
Aug 27, 2024, at 11:26 pm
Bengaluru: Apple's operations in India are projected to generate up to 600,000 jobs by the end of this financial year, according to an Economic Times report.
Apple announces Indian-origin executive Kevan Parekh as new CFO, to take over from January 1
Aug 27, 2024, at 05:55 pm
California/IBNS: American tech major Apple has announced that its long-time employee Kevan Parekh will take over as the company's Chief Financial Officer (CFO) on January 1, 2025.
Adani Power incorporates subsidiary in UAE
Aug 27, 2024, at 05:12 pm
Abu Dhabi/IBNS: Adani Group's subsidiary Adani Power Limited on Monday (August 27) incorporated a wholly-owned subsidiary, Adani Power Middle East Ltd. in Abu Dhabi, United Arab Emirates (UAE), the company informed the exchanges.
Aug 26, 2024, at 10:38 pm
Bengaluru/IBNS: The Governor of Reserve Bank of India (RBI), Shaktikanta Das, on Monday (August 26) announced that the central bank will introduce its ‘Unified Lending Interface’, or ULI, technology platform across the nation.
Crude oil prices rise on Mideast escalation fears, US rate cut expectations
Aug 26, 2024, at 10:04 pm
London/IBNS: Crude oil prices climbed 1 percent on Monday (Aug 26) on renewed concerns that an escalating Gaza conflict could disrupt regional oil supplies, extending gains from Friday when the prospect of US interest rate cuts lifted the global economic and fuel demand outlook, reports Reuters.
BHEL bags Rs 11,000 crore orders from Adani Power and its subsidiary
Aug 26, 2024, at 08:43 pm
Mumbai/IBNS: Bharat Heavy Electricals Ltd. (BHEL), an Indian central public sector undertaking (PSU) and the largest state-owned power generation equipment manufacturer, has informed the exchanges that it has signed a contract agreement with Adani Power Ltd. and its subsidiary Mahan Energen Ltd. to set up three Supercritical Thermal Power Projects, reports said.
Anil Ambani reviewing legal options against SEBI order: Statement
Aug 26, 2024, at 06:57 pm
Mumbai/IBNS: Reliance Group chairman and managing director Anil Ambani, who has been banned by the Securities and Exchange Board of India (SEBI) from accessing the securities market for five years on fund diversion charges, is reviewing legal options, his spokesperson said on Sunday (Aug 25).
Tata Sons clears Rs 20,000 crore debt to avoid mandatory share market listing
Aug 26, 2024, at 06:28 pm
Mumbai/IBNS: Tata Sons, the $410-billion holding company of the Tata Group, has voluntarily surrendered its certificate of registration after repaying over Rs 20,000 crore in debt to remain an unlisted entity, according to a report by The Economic Times.
Aug 24, 2024, at 11:13 pm
Ending her 11-year journey with Tesla, the company's vice president Sreela Venkataratnam quit the firm recently and said working in the firm was not for the 'faint of heart'.
Deposit mobilisation not a challenge for bank, says SBI chairman Dinesh Khara
Aug 24, 2024, at 11:01 pm
Mumbai/IBNS: Dinesh Kumar Khara, the chairman of India's largest public sector bank State Bank of India (SBI), on Friday (August 23) said that he does not foresee any challenges for the bank in deposit mobilisation, despite the intensified competition among banks to attract deposits by raising short-term deposit rates.
Ola relaunches car-pooling service 4 years after its suspension
Aug 24, 2024, at 10:54 pm
Bengaluru/IBNS: Bengaluru-based transportation company Ola Consumer (formerly Ola Cabs) has officially relaunched its car-pooling feature 'Ola Share' on its app, after nearly four years of suspending the service due to Covid-19 protocols.
Cognizant sues software rival Infosys for allegedly stealing trade secrets
Aug 24, 2024, at 08:27 pm
Texas/IBNS: American IT services giant Cognizant's TriZetto Software Group has filed a case against India's homegrown IT service major Infosys in Texas federal court on Friday (August 23), accusing the latter of stealing trade secrets related to its healthcare insurance software.
Euro zone consumers' inflation expectations hold steady, shows ECB survey
Aug 24, 2024, at 08:25 pm
Berlin/IBNS: The European Central Bank (ECB) survey showed on Friday that euro zone consumers' inflation expectations over the next 12 months remained steady for the third month in a row in July, reports Reuters.
India keen on more American tie ups in defence space: Defence Min Rajnath Singh
Aug 24, 2024, at 06:58 pm
Washington DC/IBNS: Defence Minister Rajnath Singh on Friday (August 23) told American industry leaders at a roundtable in Washington DC that India is keen to invite more US investment and technology collaborations in the defence space.
Axio secures $20 million funding from Amazon Smbhav Venture Fund
Aug 24, 2024, at 06:22 am
New Delhi: Axio secured $20 million in equity funding from the Amazon Smbhav Venture Fund on Friday, as the digital consumer finance startup seeks to expand its lending capabilities and introduce additional credit products.
GQG Partners acquires 0.69% stake in Ambuja Cement with 1.71 cr share purchase
Aug 24, 2024, at 05:21 am
Mumbai: GQG Partners Emerging Markets Equity Fund acquired 1.71 crore shares on Friday, a 0.69% stake in Ambuja Cement Ltd., for Rs 625.5 per share through a bulk deal.