Bank of Canada hikes key interest rate by 25 basis points to 5 percent, highest since 2021
Jul 18, 2023, at 02:57 am
Ottawa/IBNS: The Bank of Canada has made the cost of borrowing more expensive by reportedly raising its policy interest rate for the 10th consecutive time, by 25 basis points amounting to 5 percent, the highest it’s been since 2001.
Indian Market: Sensex ends its all-time high at 66,589.93 pt
Jul 17, 2023, at 09:50 pm
Mumbai: The BSE Sensex on Monday ended at an all-time high of 66,589.93 pts, surging 529.03 pts following gains in banking, Financial services, and Health Care stocks.
Sensex opens at 66,148.18 points
Jul 17, 2023, at 05:38 pm
Mumbai/UNI: The BSE Sensex on Monday opened at a new high at 66,148.18, rising 88 points on the strength of Metal, technology, and Power stocks.
Startups will increase 10 times in the next 4-5 years: MoS Rajeev Chandrasekhar
Jul 17, 2023, at 12:16 am
Union Minister of State for Skill Development & Entrepreneurship and Electronics & IT, Rajeev Chandrasekhar, highlighted India’s remarkable progress in building unicorns and startups, how they have successfully entered areas in emerging technologies, such as AI, Web 3, and deep tech.
Credit card spending reaches record high at Rs 1.4 lakh cr in May; 87.4 million cards in circulation
Jul 16, 2023, at 08:57 pm
Mumbai: Credit card spending in India hit a record level of Rs 1.4 lakh crore in May, the data released by the Reserve Bank of India (RBI) revealed.
Central banks of India, UAE agree to link UPI systems, card payments
Jul 16, 2023, at 07:20 pm
Abu Dhabi: The Central banks of India and UAE on Saturday inked agreements in Abu Dhabi to set up a framework for cross-border transactions in local currencies and interlinking of payment and messaging systems.
Jul 16, 2023, at 03:06 am
Dhaka/Ahmedabad: Adani Group Chairman Gautam Adani called on Bangladesh Prime Minister Sheikh Hasina in Dhaka on Saturday following the full load commencement of power supply to Bangladesh from the Group’s Ultra Super-Critical Thermal Power Plant (USCTPP) in Jharkhand’s Godda.
Indian Market: Sensex ends all-time-high at 66,060.90 pts
Jul 14, 2023, at 09:50 pm
Mumbai: The BSE Sensex ended Friday at a historic high, touching the 66K level at 66,060.90, registering massive gains of 502.01 pts on strong global cues.
Tata Metaliks reports Rs 4.55 cr PAT in Q1FY24
Jul 14, 2023, at 05:26 am
Kolkata: Tata Metaliks Ltd Thursday said its net profit for the quarter ended June FY24 stood at Rs 4.55 crore, growing multifold from just Rs 1.22 crore in the previous year period.
Centre imposes import restrictions on specific gold jewellery, articles
Jul 13, 2023, at 06:14 am
New Delhi: The Centre on Wednesday implemented import restrictions on specific gold jewellery and articles to reduce the import of non-essential items.
Infosys decides to defer salary hikes of employees below senior management level: Report
Jul 13, 2023, at 05:40 am
Bengaluru: IT services company Infosys has decided to postpone salary hikes for employees below the senior management level, according to a report in Moneycontrol.
GST Council decides to levy 28 pc tax on online gaming, casinos and horse-racing
Jul 12, 2023, at 10:58 pm
New Delhi: The all-powerful GST Council chaired by Union Finance Minister Nirmala Sitharaman on Tuesday decided to impose 28% tax on online gaming, horse racing and casinos.
Is it possible to obtain car insurance with a temporary registration number?
Jul 12, 2023, at 05:08 pm
An accident in your brand-new car can be heartbreaking. And when the accident happens to your car that still has a temporary registration number can be all the more worrisome. It could bring a lot of questions and confusion to your mind. So, if you are wondering if you can get car insurance with a temporary registration number, read on. We may have some good news for you.
Gautam Adani considering bidding for Anil Ambani's coal-fired power plants under auction: Report
Jul 12, 2023, at 06:20 am
New Delhi: Billionaire Gautam Adani is contemplating a bid for the coal-fired power plants owned by Anil Ambani, who is facing financial difficulties, Bloomberg reported.
Schaeffler India appoints Hardevi Vazirani as Director Finance and Chief Financial Officer
Jul 12, 2023, at 06:00 am
Pune: Automotive and industrial supplier Schaeffler India Limited on Tuesday announced the appointment of Hardevi Vazirani as Director of Finance.
GST Council Meet: 28% GST to be levied on online gaming, horse racing, casinos
Jul 12, 2023, at 05:30 am
New Delhi: The Group of Ministers (GoM) attending the 50th GST Council Meeting on Tuesday reached a decision to impose a 28 percent Goods and Services Tax (GST) on the entire value of online gaming, horse racing, and casinos.
Jul 12, 2023, at 05:09 am
New Delhi: In an effort to combat fake and fraudulent registrations under the Goods and Services Tax (GST) system, the GST Council has proposed several amendments to the CGST Rules, 2017.
South Eastern Coalfields Ltd plans to develop solar power projects of 600 MW
Jul 12, 2023, at 04:37 am
New Delhi: South Eastern Coalfields Ltd (SECL), one of the largest coal-producing subsidiaries of Coal India Ltd, will be developing rooftop and ground-mounted solar power projects of 600 MW capacity in the coming years.
DPIIT notifies Quality Control Orders for ‘Potable water bottles’ and ‘Flame-Producing Lighter’
Jul 12, 2023, at 03:58 am
New Delhi: The Centre has issued quality control standards on packaged water bottles and flame-producing lighters.
Jul 12, 2023, at 03:49 am
New Delhi: The Supreme Court on Tuesday adjourned the string of petitions on the Adani-Hindenburg row, media reports said.
Centre directs scrutiny of Byju's books: Report
Jul 12, 2023, at 03:42 am
New Delhi: The Centre has ordered scrutiny into the accounts of education-technology company Byju’s, Bloomberg reported.
Indo-Bangla taka-rupee dual currency card to be launched in September
Jul 12, 2023, at 12:14 am
Dhaka: Bangladesh Bank governor Abdur Rauf Talukder on Tuesday said the central bank will launch a dual currency card of Bangladeshi Taka and Indian Rupee from September.
Tata Group moving closer towards becoming first Indian iPhone maker: Reports
Jul 11, 2023, at 11:51 pm
India's largest conglomerate Tata Group is inching closer to an agreement to acquire an Apple Inc supplier's factory in August, media reports said.
Jul 11, 2023, at 06:21 am
Manipur is set to receive significant financial aid from the World Bank to bolster digital skills and establish a robust foundation for digital government initiatives.
Jul 10, 2023, at 10:16 pm
Mumbai:Varanasi-based Utkarsh Small Finance Bank Limited ("Bank”) proposes to open its initial public offering comprising a fresh issue of such number of Equity Shares aggregating up to ₹5,000 million (“Issue”) on Wednesday, July 12, 2023.
Mahindra Manulife Mutual Fund introduces ‘Power SIP Facility’
Jul 10, 2023, at 09:56 pm
Mumbai: Mahindra Manulife Investment Management Private Limited announced the launch of a new facility called ‘Power SIP’, under the scheme(s) of Mahindra Manulife Mutual Fund. This facility combines the features and benefits of Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP), enabling the investors to t reap the maximum benefits of power of compounding (SIP) in the form of a steady flow of income (SWP).
L&T and Navantia sign a Teaming Agreement for Project 75 (India) submarine program
Jul 10, 2023, at 09:54 pm
Mumbai: Larsen & Toubro and Navantia, Spain signed a Teaming Agreement (TA) today for the purpose of submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.
Sensex recovers by over 200 points
Jul 10, 2023, at 04:34 pm
Mumbai/UNI: The BSE Sensex on Monday bounced back by 242.72 pts to 65,523.17 in the opening session as fresh buying was seen in Energy, banking, and FMCG stocks.
Jul 10, 2023, at 05:05 am
The World Bank has announced its commitment to support the state of Sikkim, bolstering the Government of India's development initiatives in the northeast region. The upcoming project, titled the Integrated Service Provision and Innovation for Rural Economies Program, is set to receive financial backing next year.
Commerce Minister Piyush Goyal to visit UK to further FTA negotiations
Jul 09, 2023, at 09:56 pm
New Delhi: Union Commerce and Industry Minister Piyush Goyal will visit the UK from 10th to11th July to focus on the ongoing India-UK Free Trade Agreement (FTA) negotiations and meet the ministers from the European Free Trade Association (EFTA) member countries to discuss the progress of the Trade and Economic Partnership Agreement (TEPA) with EFTA.