Hinduja Group chairman SP Hinduja passes away at 87
May 18, 2023, at 03:11 am
London: Srichand Parmanand Hinduja, the eldest among the Hinduja brothers and the chairman of the Hinduja Group, passed away in London on Wednesday at the age of 87.
RBI allows SBI Funds Management to buy 9.99% stake in HDFC Bank
May 18, 2023, at 03:06 am
Mumbai: The Reserve Bank of India (RBI) has granted permission to SBI Funds Management (SBIMFL) to acquire a stake of up to 9.99 percent in terms of paid-up share capital or voting rights of HDFC Bank, the bank said in an exchange filing on Wednesday.
Tata Sons Chairman N. Chandrasekaran awarded France's highest civilian honour
May 18, 2023, at 03:02 am
Mumbai: Tata Sons Chairman N. Chandrasekaran was awarded the highest civilian honour of France "Chevalier de la Légion d'Honneur"—the highest honour in France by French Minister for Europe and Foreign Affairs Catherine Colonna.
May 17, 2023, at 11:55 pm
Mumbai: Bharat Petroleum Corporation Limited (BPCL), a oil and gas company in India, has announced its ambitious expansion plans worth Rs. 49,000 Crore, further increasing the Company’s footprints in petrochemical segment and renewable energy, together with augmenting marketing infrastructure.
Aditya Birla Capital launches ‘Udyog Plus’
May 17, 2023, at 11:48 pm
New Delhi/Kolkata: Aditya Birla Capital, the financial services business of the Aditya Birla Group, through its lending arm, Aditya Birla Finance, announced the launch of Udyog Plus, an innovative one-stop business platform, designed for MSME customers.
May 17, 2023, at 03:46 pm
Mumbai: Airline major IndiGo has inducted its second Boeing 777 aircraft, on damp lease, which will operate to and from Mumbai- Istanbul route, effective on Wednesday.
May 17, 2023, at 07:39 am
The Interim Resolution Professional (IRP) of Go First Abilash Lal has informed the National Company Law Tribunal (NCLT) that the financially strained airline has incurred disproportionate liabilities due to the grounding of its aircraft, Moneycontrol reported.
Banks seek one more year to implement new loan provisioning system
May 17, 2023, at 06:42 am
Mumbai: Banks have appealed to the RBI for an additional year to implement the Expected Credit Loss (ECL) system for loan provisioning, said media reports.
Russian companies investing rupee surplus in Indian govt bonds: Report
May 17, 2023, at 06:27 am
Mumbai: According to the Indian Banks' Association (IBA), Russian banks and companies with trade surpluses from Indian lenders are using the rupee funds to invest in domestic government debt, Reuters reported.
Mobile Premier League expands in Africa
May 17, 2023, at 05:38 am
New Delhi: Mobile Premier League (MPL), the mobile esports and digital gaming platform, has officially launched its app in Nigeria, marking its first foray into the African gaming market.
Indian Oil Q4FY23 PAT soars 67% YoY to Rs 10,059 crore
May 17, 2023, at 05:24 am
Mumbai: State-owned refiner Indian Oil Corp Ltd reported a jump in its standalone net profit for the quarter ended March 2023, with a year-on-year growth of 67 percent to Rs 10,059 crore compared to the net profit of Rs 6,021 crore recorded in the same period last year.
Top Tesla execs to visit India to explore supply chain expansion outside China: Report
May 17, 2023, at 05:12 am
Amid ongoing trade tensions between the United States and China, companies such as Tesla are quickly understanding the need to redirect their focus away from China.
May 17, 2023, at 03:37 am
If the consultation paper issued by the market regulator SEBI is approved, it could enable higher educational institutions, urban local bodies, and Micro Units Development & Refinance Agency (MUDRA) to participate as Qualified Institutional Buyers (QIBs) in investing in debt securities, Moneycontrol reported.
Paytm promotes Bhavesh Gupta as president and COO
May 17, 2023, at 03:09 am
Mumbai: In a move to bolster its lending operations amidst growing competition in the digital lending sector, Paytm has promoted Bhavesh Gupta, a key executive in its lending division, to the position of President and Chief Operating Officer (COO).
Bharti Airtel Q4FY23 net profit soars 50% YoY to Rs 3,006 cr; ARPU rises to Rs 193
May 17, 2023, at 02:09 am
Mumbai: Bharti Airtel, the second-largest telecommunications company in India, recorded a massive 50% increase in consolidated net profit to reach Rs 3,006 crore for the quarter ending in March 2023 compared to Rs 2,008 crore in the same period last year.
Vodafone plans to cut 11,000 jobs over next three years
May 17, 2023, at 12:15 am
Telecom major Vodafone on Tuesday said it might cut 11,000 jobs over three years.
Bank of Baroda registers 2-fold jump in Q4 profit
May 16, 2023, at 11:54 pm
Mumbai: Public sector lender Bank of Baroda on Tuesday reported over two-fold jump in its fourth quarter net profit at Rs 4,775.33 crore on account of higher interest income and low provisions for bad loans.
Indian Minister Piyush Goyal emphasises 10x plus growth potential in next 25 years
May 16, 2023, at 10:55 pm
New Delhi: During his two-day visit to Brussels to attend the first Ministerial meeting of India-European Union Trade and Technology Council (TTC), Union Minister for Commerce & Industry, Textiles, Consumer Affairs, Food & Public Distribution, Piyush Goyal was invited to attend the business meeting organised by Federation of Enterprises in Belgium (FEB).
India and EU affirm commitment to work together on WTO reforms
May 16, 2023, at 10:53 pm
Union Minister for Commerce & Industry, Textiles, Consumer Affairs, Food & Public Distribution, Piyush Goyal and Executive Vice-President of the European Commission responsible for an Economy that Works for People, and the European Commissioner for Trade, Valdis Dombrovskis emphasised on the need for expediting the ongoing India-EU FTA negotiations by finding convergence on all issues.
Federal Bank inaugurates new branch in Ambernath
May 16, 2023, at 08:58 pm
Mumbai: Federal Bank proudly announces the inauguration of its Ambernath branch, marking its 163rd branch in the Mumbai Zone.
Amazon lays off 500 employees in India: Reports
May 16, 2023, at 03:37 pm
Technology giant Amazon India has laid off 500 employees in India, media reports said on Tuesday.
Kamdhenu strengthens the presence of its Brand 'Kamdhenu Colour Max Sheet’ in West Bengal
May 16, 2023, at 12:12 am
Kolkata: Kamdhenu Limited, India’s largest manufacturer and seller of branded TMT Bars in retail, announced its plans to strengthen the presence of its brand 'Kamdhenu Colour Max Sheet' in West Bengal.
UK’s SRAM and MRAM Group to invest USD 100 million in SpiceXpress; signs MoU
May 16, 2023, at 12:08 am
Kolkata: United Kingdom-based SRAM & MRAM Group will invest $100 million in SpiceXpress and Logistics Pvt. Limited. Both sides have signed a MoU as part of the investment deal.
Kotak Cherry launches 'Cherry and Chill' campaign
May 15, 2023, at 11:55 pm
Kolkata: Kotak Cherry, a curated tech-led investment platform under Kotak Investment Advisors Ltd, a Kotak group entity, has unveiled its latest campaign, “Cherry and Chill”, aimed at providing investors with a fresh take on investing.
Vinsys to pursue inorganic global expansion strategy
May 15, 2023, at 11:50 pm
Kolkata/Pune: Vinsys, Pune-headquartered global IT services company, is actively seeking inorganic growth opportunities to expand its reach in new markets, including the US and UK while continuing to consolidate its position in the Middle East.
Business Association of Nagas delegation visiting Bangladesh
May 15, 2023, at 10:57 pm
A 12-member Business Association of Nagas (BAN) delegation is currently visiting Bangladesh where they are meeting industrialists and business bodies to explore business opportunities.
Vee Tech CEO Chocko Valliappa nominated as member of Syndicate of Anna University
May 15, 2023, at 08:46 pm
Bengaluru: Chocko Valliappa, founder and CEO of IT services firm Vee technologies, has been nominated as a member of the Syndicate of Anna University, India’s foremost technical University.
India's wholesale inflation slips into negative territory in April
May 15, 2023, at 07:02 pm
New Delhi/UNI: India's Wholesale Price Index (WPI) based inflation fell into the negative zone in April 2023.
PM Modi interacts with Walmart CEO Doug McMillon
May 15, 2023, at 05:28 am
New Delhi: Prime Minister Narendra Modi on Sunday said he had an insightful meeting with Walmart CEO Doug McMillon, and he is happy to see India emerge as an attractive destination for investment.
Business Association of Nagas delegation explores trade opportunities in Bangladesh
May 14, 2023, at 07:56 pm
Dwaki/Meghalaya: A delegation of 12 members from the Business Association of Nagas (BAN) is present on a five-day business trip to Bangladesh to explore potential business opportunities.