Lok Sabha approves additional expenditure of Rs 58,378 cr for current fiscal
Dec 13, 2023, at 05:33 am
New Delhi: The Lok Sabha on Tuesday approved a net supplementary expenditure of Rs 58,378 crore for the current fiscal year, ending in March 2024.
SpiceJet to raise Rs 2,250 cr via equity to push growth and improve financial position
Dec 13, 2023, at 05:24 am
Mumbai: SpiceJet's board on Tuesday approved the raising of fresh capital exceeding Rs 2,250 crore, ET reported.
Yes Bank looks for buyers to sell its portfolio of distressed corporate and retail loans
Dec 13, 2023, at 04:16 am
Mumbai: Yes Bank is planning to sell another portfolio worth a little over Rs 4,200 crore, ET reported.
Adani Group contractor probed earlier by Indian govt emerges as a new company: Report
Dec 13, 2023, at 03:44 am
New Delhi: The Adani Group has been maintaining its relationship with a contentious contracting firm controlled by a Taiwanese family, Bloomberg reported.
India's retail inflation spikes to 5.55 pc in November: Govt data
Dec 13, 2023, at 12:09 am
Driven primarily by food prices, India's consumer price index (CPI)-based inflation inched up to 5.55% in November 2023 from 4.87% in the previous month.
Indian Market: Sensex down 377.50 points
Dec 12, 2023, at 11:09 pm
The BSE Sensex on Tuesday tumbled down 377.50 pts to settle at 69,551.03 as selling was seen in Realty, Oil and Gas, Energy, and Utilities stocks amid a positive Asian Market.
Dec 12, 2023, at 10:58 pm
Mumbai: Jaipur-based hyperlocal jewellery retail chain Motisons Jewellers focuses on offering designs, high quality, transparency and customer service to its customers, has fixed the price band at ₹52 to ₹55 per Equity Share for its maiden initial public offer.
Sensex opens historic high at 70,020.68 points
Dec 12, 2023, at 05:23 pm
Mumbai/UNI: The BSE Sensex on Tuesday opened a historic high, breaching the 70K level at 70,020.68 as buying was witnessed in utilities, Asian paints, and Bankex stocks.
Bandhan Mutual Fund launches Bandhan Nifty Smallcap 250 Index Fund NFO opens tomorrow
Dec 12, 2023, at 12:54 am
Bandhan Mutual Fund announced the launch of the Bandhan Nifty Smallcap 250 Index Fund, an open-ended fund that tracks the Nifty Smallcap 250 Index comprised of stocks ranked 251-500 by market capitalization.
Indian Market: Sensex clocks new peak at 69,928.53
Dec 11, 2023, at 10:34 pm
The BSE Sensex on Monday ended at new peak at 69,928.53, rising 102.93 as buying was seen in Commodities, Metal, and Capital Goods stocks.
Oman-based businessman Bhagwant Singh pledges Rs 500 crore investment in Punjab
Dec 11, 2023, at 02:32 am
In a remarkable journey that spans from struggling with a meager budget of Rs 500 to transforming into a visionary investor pouring Rs 500 crore into Punjab, Bhagwant Singh, an Oman-based businessman with roots in Khanna, has become a symbol of entrepreneurial triumph and philanthropy.
Gadkari allocates Rs 1,241 cr for enhancement & expansion of Phulbari-Tura road in Meghalaya
Dec 10, 2023, at 10:05 pm
Shillong: Union Minister of Road Transport and Highways Nitin Gadkari on Saturday announced an allocation of Rs. 1,241 crore for the enhancement and expansion of the Phulbari-Tura segment on National Highway 127B in Meghalaya.
REC signs 200 million Euro loan agreement with German bank KfW
Dec 10, 2023, at 02:29 am
New Delhi: State-owned NBFC REC Limited signed a 200 million Euro loan agreement with the German bank KfW on Saturday to enhance the distribution infrastructure of DISCOMs in line with the Revamped Distribution Sector Scheme (RDSS) of the government.
PNB urges its customers to update KYC details by mid-December
Dec 09, 2023, at 10:00 pm
New Delhi: Public sector lender Punjab National Bank (PNB) has asked its customers to update their Know Your Customer (KYC) information before December 18 to ensure the smooth functioning of their accounts, an official release said.
Dec 09, 2023, at 02:42 pm
Aditya Birla Health Insurance Co. Limited ('ABHICL'), the health insurance arm of Aditya Birla Capital, on Thursday, announced the launch of ‘Activ One’ which the company promises to provide simplified and comprehensive healthcare solution, including 100 percent returns, to policyholders.
Dec 09, 2023, at 08:32 am
New Delhi: India and South Korea launched the India-Korea Electronic Origin Data Exchange System (EODES) aimed at facilitating the smooth implementation of the India-Korea Comprehensive Economic Partnership Agreement (CEPA), the Ministry of Finance said in a statement.
SoftBank offloads 1.1% stake in Zomato for Rs 1,125 cr
Dec 09, 2023, at 08:12 am
Mumbai: VF Growth (Singapore) Pte Ltd, the venture capital fund affiliated with Japan's Softbank, has completed its exit from food delivery company Zomato, through open market transactions conducted on Friday, media reports said.
Centre allocates 1,972 MW additional power to Jammu Kashmir to meet shortages during winter
Dec 09, 2023, at 07:48 am
New Delhi: The government has allocated 1500 MW of power from the Central pool to Jammu Kashmir to cover the shortages during the winter months, the Ministry of Power said in a statement.
RBI increases GDP growth forecast for FY24 to 7% amid geopolitical turmoil
Dec 09, 2023, at 07:12 am
Mumbai: The GDP growth projection for 2023-24 has been increased to 7%, from the previous estimate of 6.5%, Reserve Bank of India (RBI) Governor Shaktikanta Das said During the Monetary Policy Committee meeting announcements on Friday.
Scania India designates PPS Motors sole representative for its mining tippers in India
Dec 09, 2023, at 06:23 am
Kolkata/ Hyderabad: Scania Commercial Vehicles Pvt Ltd has entered into an exclusive partnership with PPS Motors, designating the company as the sole representative for Scania's mining tippers in India, according to a press release.
India's foreign exchange reserves surge by $ 2.538 billion to $ 597.935 billion
Dec 09, 2023, at 05:51 am
Mumbai: India's foreign exchange reserves swelled by USD 2.538 billion, reaching USD 597.935 billion for the week ending November 24, according to the Reserve Bank.
Tata Power's market cap crosses Rs 1 lakh crore
Dec 09, 2023, at 05:39 am
Mumbai: Tata Power’s market capitalization has crossed Rs 1 lakh crore (1 trillion), making it the second infrastructure and sixth company from Tata Group to achieve this milestone, the company said in a press release.
Zerodha co-founders Nithin and Nikhil Kamath earned Rs 72 cr each as remuneration in FY23
Dec 09, 2023, at 05:14 am
Bengaluru: The founders of Zerodha, Nithin, and Nikhil Kamath, took home a remuneration of Rs 72 crore each for the fiscal year ending March 2023, according to filings with the Ministry of Corporate Affairs.
Max Healthcare Institute acquires Lucknow's Starlit Medical Centre for Rs 940 crore
Dec 09, 2023, at 04:36 am
Lucknow (UP): In a strategic move to increase its footprint in Tier I and II cities, Max Healthcare Institute (MHIL) announced on Friday the completion of a share purchase agreement to acquire a 100% stake in Starlit Medical Centre.
RBI MPC keeps repo rate unchanged, raises FY24 growth forecast to 7%; Industry reacts
Dec 09, 2023, at 03:37 am
Mumbai: The Reserve Bank of India's Monetary Policy Committee (RBI MPC) kept the repo rate unchanged at 6.5 percent for the fifth time in a row on Friday, thus maintaining the status quo.
Indian Market: Sensex at all time high at 69,826.07 pts
Dec 08, 2023, at 10:24 pm
Mumbai: The BSE Sensex on Friday ended an all-time high at 69,826.07, surging 304.33 pts in the strength of Technology, Bankex and IT stocks.
SoftBank to divest stake in Zomato via block deal
Dec 08, 2023, at 09:37 pm
Mumbai: Japanese investment holding firm SoftBank is aiming to divest a 1.1% share in the Indian food delivery service Zomato through a block deal valued at 11.28 billion rupees ($135.36 million), as per sources cited by CNBC-TV18 on Thursday.
Dec 08, 2023, at 09:28 pm
Kolkata: Leading motorcycle manufacturer Royal Enfield on Friday said it has witnessed a 'robust growth' in the East region, accounting for 27% of overall motorcycle sales for the brand in the past year.
DPIIT showcases India's logistics reforms and initiatives in meeting with World Bank Team
Dec 08, 2023, at 09:26 pm
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) showcased the various projects and initiatives it is undertaking to improve India’s logistics efficiency to the World Bank Team.
RBI raises UPI transaction limit for hospitals, educational institutions to Rs. 5 lakh
Dec 08, 2023, at 05:44 pm
New Delhi/IBNS/UNI: In a significant step, the Reserve Bank of India (RBI) on Friday announced the raise of the Unified Payments Interface (UPI) transaction limit for hospitals and educational institutions to Rs. 5 lakh, media reports said.