LIC increases equity stake in Tech Mahindra to 8.8%
Jun 08, 2023, at 07:27 am
Mumbai: Life Insurance Corporation of India (LIC), the largest insurance company in India, has raised its ownership stake in Tech Mahindra, an IT services provider, through open market transactions.
RBI adds 8 new entities to alert list of unauthorised forex trading platforms
Jun 08, 2023, at 06:18 am
Mumbai: The Reserve Bank of India (RBI) Wednesday said it has included eight more entities and platforms to the alert list of unauthorised forex trading platforms.
SBM Bank India launches World Elite Metal Debit Card
Jun 08, 2023, at 06:05 am
Kolkata: SBM Bank India Wednesday unlocked exclusive, on-invitation access to the world of luxury with the launch of the SBM World Elite Metal Debit Card.
Jun 08, 2023, at 05:32 am
New Delhi: The Union Cabinet on Wednesday approved a metro connectivity project from HUDA City Centre to Cyber City with spur to Dwarka Expressway, Gurugram covering a distance of 28.50 km having 27 stations on the route.
Cabinet approves hike in MSP for kharif crops
Jun 08, 2023, at 05:19 am
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved a hike in minimum support price (MSP) for Kharif crops for marketing season 2023-24.
Cabinet approves continuation of exploration of coal and lignite scheme
Jun 08, 2023, at 04:55 am
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved the continuation of the central sector scheme of “Exploration of Coal and Lignite scheme” with an estimated expenditure of Rs 2,980 crore from 2021-22 to 2025-26 co-terminus with the 15th Finance Commission cycle.
Narendra Modi govt approves allotment of 4G-5G Spectrum to BSNL
Jun 07, 2023, at 11:30 pm
New Delhi: In a significant move, as part of the revival strategy, the Union Cabinet chaired by Prime Minister Narendra Modi, on Wednesday approved the third revival package for BSNL with the total outlay of Rs. 89,047 crore.
ICICI Prudential Life Insurance relaxes claims settlement process for Odisha train accident victims
Jun 07, 2023, at 07:03 pm
Mumbai: ICICI Prudential Life Insurance has relaxed the claim settlement process for the families impacted by the Odisha train accident, a press release said on Tuesday.
Jun 07, 2023, at 06:59 pm
Mumbai: Bajaj Allianz Life Insurance has implemented special provisions to address the needs of its policyholders affected by the tragic train accident in Odisha.
Govt mulling inclusion of refractories in PLI 2.0 for steel sector
Jun 07, 2023, at 07:37 am
The Indian government is considering the inclusion of refractories in the upcoming Production Linked Incentive Scheme 2.0 for the steel sector with the aim to increase the country's steel production capacity to 300 million tonnes by 2030, media reports said.
Govt lifts 40% procurement ceiling on tur, urad, and masur
Jun 07, 2023, at 07:11 am
New Delhi: The government on Tuesday announced the removal of the 40 percent procurement ceiling on three pulses--tur, urad, and masur-- under the price support scheme (PSS) for the crop year 2023-24 (July-June).
Sat Pal Bhanoo and R Doraiswamy recommended for the role of LIC MD
Jun 07, 2023, at 06:24 am
Mumbai: The Financial Services Institutions Bureau (FSIB) has put forth the names of Sat Pal Bhanoo and R Doraiswamy as its recommendations for the role of Managing Director at LIC of India, Moneycontrol reported.
Sequoia Capital splits, India business rebrands as Peak XV Partners
Jun 07, 2023, at 06:07 am
Mumbai: Sequoia India & Southeast Asia, a prominent venture capital firm, has undergone a rebranding and is now known as Peak VX Partners, media reports said.
RBI allows International Banking Units in Gujrat's GIFT City to settle NDDCs in INR
Jun 07, 2023, at 05:54 am
Mumbai: The Reserve Bank on Tuesday allowed international banking units (IBUs) located in GIFT City, Gujarat, to settle non-deliverable foreign exchange derivative contracts (NDDCs) using the Indian rupee.
Ashok Leyland aiming to touch pre-pandemic sales volume in FY24
Jun 07, 2023, at 05:33 am
Kolkata: Automobile major Ashok Leyland, the Indian flagship company of the Hinduja Group and India’s leading commercial vehicle manufacturer, on Tuesday, said it is aiming to touch its pre-pandemic level of sales in medium and heavy commercial vehicles (MHCV) in Financial Year 2023-24 (FY24).
Rajnigandha pan masala maker DS Group buys chocolate brand LuvIT
Jun 07, 2023, at 04:45 am
New Delhi: FMCG major DS Group, popularly known for making Rajnigandha pan masala, on Tuesday announced the acquisition of The Good Stuff Pvt Ltd, which owns the LuvIt Chocolate and Confectionery brand.
GMR Group to divest Hyderabad Airport warehouse facility at Rs 188 cr
Jun 07, 2023, at 03:48 am
Hyderabad: GMR Hyderabad International Airport Ltd, a step-down subsidiary of GMR Airports Infrastructure Ltd, on Tuesday announced the divestment of around 8,18,000 sq ft of its warehouse facility located at the Hyderabad airport.
BharatPe appoints Kohinoor Biswas in top consumer lending role
Jun 07, 2023, at 03:19 am
Delhi: Fintech company BharatPe Tuesday announced the appointment of Kohinoor Biswas as the Head - Consumer Lending.
Coal sector fully prepared to meet growing domestic demand: Pralhad Joshi
Jun 07, 2023, at 03:13 am
New Delhi: India’s coal sector is fully prepared to meet the enhanced domestic demand of the country’s fast-paced economy and there will be no shortage of coal amid the summer and monsoon months, Coal Minister Pralhad Joshi said on Tuesday.
Jun 07, 2023, at 02:15 am
New Delhi: The development of a 25 km 2-lane highway with hard shoulders, in Nagaland, from Chakabama to Zunheboto, aims to bolster connectivity with neighbouring states in the northeast region, said Union Minister Nitin Gadkari.
Apple unveils Vision Pro headset with mixed reality settings
Jun 06, 2023, at 07:09 am
Apple Monday launched Apple Vision Pro at the company's annual Worldwide Developers Conference.
Apple launches new MacBook Air model with a 15-inch display
Jun 06, 2023, at 06:40 am
Apple Monday announced a new MacBook Air model with a 15-inch display, powered by the company's M2 chip under the hood.
Odisha train accident: IRDAI orders insurance companies to settle insurance claims suo moto
Jun 06, 2023, at 01:14 am
Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) has directed insurance companies to proactively initiate the settlement of claims for the victims of the Odisha train tragedy, The Economic Times (ET) reported.
Wardrobe Refresh Sale (WRS) on Amazon Fashion is live till June 6
Jun 05, 2023, at 11:45 pm
Kolkata: Amazon Fashion has announced the 12th edition of its Wardrobe Refresh Sale with deals across a wide selection of the most loved fashion and beauty.
Fareportal Wins 2023 Technology of the Year Award for Chatbot AI
Jun 05, 2023, at 11:34 pm
Travel technology innovator Fareportal, the company behind leading online travel agencies CheapOair, CheapOair.CA and OneTravel, today announced it’s received the “2023 Technology of the Year Award” in the annual Excellence in Customer Service awards program conducted by the Business Intelligence Group (BIG). The award was received in recognition of the AI enhanced customer experience provided by Fareportal’s Chatbot product.
Paytm boosts merchant payments leadership with 75 lakh devices deployed in Apr-May
Jun 05, 2023, at 08:06 pm
India’s leading payments and financial services company Paytm on Monday announced its business operating performance for the two months ended May 2023.
Walmart's stake in fintech subsidiary PhonePe drops to 85%
Jun 05, 2023, at 07:14 pm
Retail behemoth Walmart’s shareholding in fintech company PhonePe has dropped from 89 percent to 85 percent amid the latter’s fundraise of $1 billion, media reports said.
RBI's MPC panel likely to maintain status quo on key policy rate in June meeting
Jun 05, 2023, at 05:30 am
Mumbai: The Reserve Bank of India is likely to maintain a status quo over the policy stance in the June policy review as well, opine experts.
Odisha train mishap: Gautam Adani takes responsibility to educate children orphaned in the accident
Jun 05, 2023, at 04:28 am
New Delhi: Gautam Adani on Sunday announced that the Adani Group would assume the responsibility of providing education for children who tragically lost their parents in the Odisha triple train accident.
Tripura farmers selling Miyazaki mangoes for Rs. 1500
Jun 05, 2023, at 02:13 am
A cluster of farmers hailing from Tripura’s Pancharatan, Narikel Kunja and Tai Chakma ADC villages under Gandacherra sub-division of Dhalai district is trying to cultivate one of the costliest mangoes in the world known as ‘Miyazaki’.