Indian Market: BSE, Nifty touch all-time high
Jun 25, 2024, at 11:11 pm
The Indian Benchmark indices touched all-time high figure in Tuesday as BSE Sensex touched 52-week high of 78164.71.
India's January-March current account balance at 0.6% surplus riding on high service exports
Jun 25, 2024, at 02:03 am
Mumbai: India's current account balance recorded a surplus in the January-March quarter, driven largely by higher service exports and private transfer receipts, according to the Reserve Bank of India (RBI).
Britannia set to shut historic biscuit unit in Kolkata's Taratala, all permanent workers accept VRS
Jun 24, 2024, at 10:51 pm
Kolkata/IBNS: All permanent workers of Britannia Industries Limited's Taratala factory have accepted the Voluntary Retirement Scheme (VRS) as the food products company is all set to permanently close its historic biscuit production unit in Kolkata's Taratala, reports said.
We stood firm in face of adversity, Gautam Adani at AGM on Hindenburg storm of past year
Jun 24, 2024, at 10:12 pm
New Delhi/IBNS: Reacting to the attack by foreign shot-seller Hindenburg, Adani Enterprises Chairman Gautam Adani on Monday said the company fought to defend its integrity and reputation and came out stronger.
The Importance of Business Loans for Risk Management Introduction
Jun 24, 2024, at 06:03 pm
Being an entrepreneur in today’s world means you should primarily work towards mitigating risks of your business. Assessment of risks happens to be a primary criterion, therefore, as risks can affect your business performance.
GST Council tweaks rates for range of products and services
Jun 23, 2024, at 06:51 am
New Delhi: Union Finance Minister Nirmala Sitharaman presided over preliminary discussions with finance ministers from states and Union Territories to gather their perspectives ahead of the upcoming Budget.
Jun 22, 2024, at 07:36 pm
Mumbai/IBNS: Billdesk, Cred, PhonePe, and Infibeam Avenues are among the fintech companies that will be impacted by the latest regulation of the Reserve Bank of India (RBI) requiring credit card bill payments to be routed through the central bank's centralised billing network.
Google defers experiment to increase RMG apps on Play Store
Jun 22, 2024, at 05:44 am
Tech giant Google on Friday announced it is pausing its experiment to increase the number of real-money gaming (RMG) apps on its Play Store in countries without a central licensing framework, media reported.
1,500 Tata Steel workers in UK to go on indefinite strike from July
Jun 22, 2024, at 03:02 am
London: Around 1,500 Tata Steel workers in Britain will commence an indefinite strike on July 8 in response to the company's decision to shut down two blast furnaces and eliminate up to 2,800 jobs, Reuters reported citing the trade union Unite.
Deepak Parekh-backed Nephro Care India Ltd to raise around Rs 40 cr through its IPO on NSE Emerge
Jun 22, 2024, at 02:40 am
Kolkata: Deepak Parekh-backed multi-speciality healthcare provider in East India, Nephro Care India Limited (NCIL) is likely to raise around Rs 40 crore through the initial public offering (IPO) to fund its expansion plans.
Fintech company Pine Labs consider $1 bn IPO in India: Report
Jun 22, 2024, at 02:01 am
Mumbai: Pine Labs Pvt, an Asian digital payments provider supported by Peak XV Partners and Mastercard Inc., is reportedly considering raising about $1 billion through an initial public offering (IPO) in India, media reported.
All-India Consumer Price Index for Agricultural Labourers at 7% in May
Jun 21, 2024, at 11:40 pm
New Delhi: The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) (Base: 1986-87=100) saw an increase of 6 points each in May 2024, reaching 1269 and 1281, respectively.
Basmati rice exporter GRM Overseas raises Rs 136.5 crore through convertible warrants
Jun 21, 2024, at 10:44 pm
Mumbai: Indian basmati rice exporter GRM Overseas has announced that its board has approved the fund-raise of Rs.136.5 core through the issue of share warrants on preferential basis to 33 promoters and non-promoter investors.
Zepto raises $665 million in funding, company value goes up to $3.6 billion
Jun 21, 2024, at 10:12 pm
Quick-commerce company Zepto on Friday announced it has secured $665 million in a funding round, which has doubled its valuation to $3.6 billion, media reported.
India drops to 15th place in FDI rankings, as investment inflows drop by 43%: UNCTAD report
Jun 21, 2024, at 05:11 am
New Delhi: India dropped seven places to 15th in the 2023 World Investment Ranking as foreign direct investment (FDI) inflows decreased by 43% to $28 billion, according to a report by the United Nations Conference on Trade and Development (UNCTAD) released on June 20.
EPFO enrolls 1.9 million net members in April, up 31% from March
Jun 21, 2024, at 04:22 am
New Delhi: The retirement body EPFO enrolled 1.9 million net members in April this year, registering an over 31 percent increase from the previous month’s count, according to provisional payroll data released on Thursday.
Tata Motors launches digital marketplace 'Fleet Verse' for its entire range of commercial vehicles
Jun 21, 2024, at 03:17 am
Mumbai: Commercial vehicles manufacturer Tata Motors announced the launch of Tata Motors Fleet Verse - a comprehensive and innovative digital marketplace for Tata Motors Commercial Vehicles.
Volvo CE aims to double market share in India, says MD Dimitrov Krishnan
Jun 21, 2024, at 01:27 am
Volvo CE India, the construction equipment subsidiary of the Swedish major Volvo group, is aiming to double its market share in India, a company's top official said.
Jun 20, 2024, at 05:30 am
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, Wednesday approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects at a total outlay of Rs.7453 crore.
Jun 20, 2024, at 05:07 am
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, today approved setting up a Major Port at Vadhavan near Dahanu in Maharastra.
Jun 20, 2024, at 04:44 am
New Delhi: The Union Cabinet announced on Wednesday the minimum support price (MSP) for 14 Kharif season crops, including paddy, ragi, bajra, jowar, maize, and cotton.
Vodafone sells 18% stake in Indus Towers for 1.7 billion euros
Jun 20, 2024, at 04:10 am
Mumbai: British telecom company Vodafone announced on Wednesday that it has sold an 18 percent stake in Indus Towers for 1.7 billion euros (approximately Rs 15,300 crore), reported media.
Banks flag shortage of ATMs to govt, RBI: Report
Jun 19, 2024, at 11:18 pm
New Delhi: Banks have reportedly informed the government and Reserve Bank of India (RBI) about shortage in supply of automated teller machines (ATMs), reported Economic Times.
Jun 19, 2024, at 10:39 pm
Mumbai: Jaguar Land Rover, owned by Tata Motors, announced on Wednesday that it has signed a letter of intent with its Chinese joint venture partner, Chery, to license the Freelander brand for developing electric vehicles in China.
Chipmaker Nvidia is now world's most valuable company
Jun 19, 2024, at 02:32 pm
Chipmaking major Nvidia has become the world's most valuable company after its stocks reached all-time high on Tuesday, media reports said.
Elon Musk's salary exceeds Tata Motor's FY24 total revenue: Report
Jun 19, 2024, at 04:49 am
Mumbai: Elon Musk's $56 billion remuneration package exceeds Tata Motors' total revenue for the 2023-24 financial year, which amounted to $52.44 billion (Rs 4.38 lakh crore), reported the Economic Times.
PM Modi releases 17th installment of PM Kisan Samman Nidhi Yojana benefitting over 9.26 cr farmers
Jun 19, 2024, at 04:42 am
Varanasi: During his visit to Varanasi on Tuesday, Prime Minister Narendra Modi released the 17th installment of the PM Kisan Samman Nidhi Yojana, benefiting more than 9.26 crore farmers with a total disbursement exceeding Rs 20,000 crore.
Vodafone Group Plc to sell 9.9% stake in Indus Towers on Wednesday
Jun 19, 2024, at 04:22 am
Mumbai: Vodafone Group Plc, a promoter entity of Vodafone Idea Ltd, is expected to sell up to 9.94% equity through block deals in Indus Towers Ltd on Wednesday, reported CNBC-TV18.
Net direct tax collection grows 21% YoY to over Rs 4.62 lakh cr in Apr-Jun
Jun 19, 2024, at 02:45 am
New Delhi: India's net direct tax collections have increased by 21 percent year-on-year, reaching over Rs 4.62 lakh crore from April 1 to June 17, according to the income tax department on Tuesday.
Food inflation biggest challenge in disinflationary process: RBI Guv Shaktikanta Das
Jun 19, 2024, at 02:41 am
Mumbai: Despite the central bank's efforts to reduce India's retail inflation to its 4 percent target, the final stages of the disinflationary process are challenging due to persistently high food prices, Reserve Bank of India Governor Shaktikanta Das stated at an event on Tuesday.