Invesco Mutual Fund launches two new Target Maturity Index Funds
Mar 17, 2023, at 05:07 am
Mumbai/IBNS: Invesco Mutual Fund Thursday announced the launch of two Target Maturity Debt Index Funds – Invesco India Nifty G-sec Jul 2027 Index Fund (An open-ended Target Maturity Index Fund tracking Nifty G-sec Jul 2027 Index.
Mar 16, 2023, at 08:06 am
Mumbai: Sports collectibles and skill gaming company BuyStars Wednesday said it has raised $5 million in pre-series A round led by Indian Gaming and Interactive-focused VC Fund Lumikai, Chiratae and Leo Capital.
Exchanges freeze shares of Patanjali Foods' promoters for not meeting public shareholding norms
Mar 16, 2023, at 07:43 am
Mumbai: The stock exchanges have placed a hold on the shares owned by Patanjali Foods' promoters and promoter entities after they failed to comply with the minimum public shareholding requirement, Moneycontrol reported.
Mar 16, 2023, at 06:23 am
Mumbai/Delhi: The Competition Commission of India has given its nod to Reliance Retail Ventures’ (RRVL’s) acquisition of METRO Cash & Carry India for a cash consideration of Rs 2,850 crore, according to an official statement.
Vendanta repays $100 mn loan to Standard Chartered Bank
Mar 16, 2023, at 03:37 am
Mumbai: Vedanta Resources Ltd said on Wednesday it prepaid $100 million to Standard Chartered Bank via release of encumbrance on March 10.
Indian Railways: Ramkrishna Forgings & Titagarh Wagons consortium wins bid for forged wheels project
Mar 16, 2023, at 01:42 am
Kolkata: A consortium of Ramkrishna Forgings Ltd, one of the leading suppliers of rolled, forged, and machined products, and Titagarh Wagons Ltd has been declared the Lowest Bidder (L1) by the Indian Railways for manufacturing and supplying of forged wheels.
Honda ups the ante in 100-110cc commuter segment, launches Shine 100 in India
Mar 15, 2023, at 11:09 pm
Mumbai: Creating a new paradigm in mass mobility, Honda Motorcycle & Scooter India (HMSI) on Wednesday launched its most affordable and fuel-efficient mass motorcycle – Shine 100 in India.
Arunachal Pradesh: 24 farmers participate in mushroom production project
Mar 15, 2023, at 10:53 pm
Jairampur: Twenty-four farmers are participating in mushroom production project at Changlang district of Arunachal Pradesh, media reports said on Wednesday.
Zoho CEO Sridhar Vembu denies fraud allegation by estranged wife, calls it 'complete fiction'
Mar 15, 2023, at 05:23 am
Tamil Nadu/IBNS: Zoho Corp founder and CEO Sridhar Vembu, who is currently in the process of divorcing his wife, has refuted allegations of deserting her and their child.
Facebook's parent company Meta to cut 10,000 additional jobs, slash 5,000 more vacant positions
Mar 15, 2023, at 04:32 am
Facebook's parent company Meta Platforms Inc. has planned to lay off around 10,000 employees and close about 5,000 additional open roles in its second major round of job cuts in the past six months.
India makes more real-time digital transactions than US, China, Europe combined, says official
Mar 15, 2023, at 12:45 am
New Delhi: India makes more real time digital transactions than US, China and Europe combined, Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, said on Tuesday.
RBL Bank distributes over 100 bicycles and school-kits to underprivileged girls in Kolkata
Mar 15, 2023, at 12:22 am
Kolkata: To mark the occasion of International Women’s Day, RBL Bank, under its CSR initiative - UMEED 1000, has donated 100 bicycles to underprivileged girl children in Kolkata.
HireMee named 'Most Promising Assessment Service Provider'
Mar 14, 2023, at 10:29 pm
Bengaluru: Talent acquisition and talent management platform, HireMee has been named the ‘Most Promising Assessment Service Provider’ by ArdorComm Media.
India's wholesale inflation dips to 3.85 pc in February
Mar 14, 2023, at 10:17 pm
New Delhi: India's wholesale inflation dipped to 3.85 percent in the month of February against 4.73 percent recorded in January, official data released on Tuesday revealed.
Adani Group completes full prepayment of margin-linked share-backed loans
Mar 14, 2023, at 05:28 am
Mumbai/IBNS: The Adani Group has completed the full prepayment of margin-linked share-backed financing aggregating $2.15 billion, well ahead of its committed timeline of March 31.
India's retail inflation drops marginally to 6.4 pct in February
Mar 14, 2023, at 12:07 am
New Delhi: India's annual retail inflation rate eased marginally to touch 6.44 per cent in February from 6.52 per cent in January, as per data released by the Indian government on Monday.
HSBC Holdings acquires Silicon Valley Bank UK Limited for INR 99
Mar 13, 2023, at 08:46 pm
New York: HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1 (INR 99).
Nokia unveils its latest budget smartphone Nokia C12, price details given
Mar 13, 2023, at 08:11 pm
Mumbai: HMD Global, the home of Nokia phones, oon Monday announces the launch of the Nokia C12 in India.
After Silicon Valley Bank another US-based bank collapses
Mar 13, 2023, at 02:55 pm
Washington: Signature Bank, New York, NY, was closed on Sunday by the New York State Department of Financial Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
Mar 13, 2023, at 01:23 pm
There will be no bail out for investors of the now-collapsed Silicon Valley Bank (SVB) that recently appeared in Forbes magazine's annual ranking of the best banks in America, for the fifth year in a row, according to media reports.
Name mix-up: Fall of Silicon Valley Bank leaves customers of Mumbai-based bank in panic mode
Mar 13, 2023, at 03:14 am
Mumbai: The collapse of Silicon Valley Bank (SVB), considered one of the biggest seen in the US since 2008, has impacted a Mumbai-based cooperative bank.
Mar 12, 2023, at 10:52 pm
New Delhi: India’s Minister of Commerce and Industry Piyush Goyal and Australia’s Minister for Trade and Tourism, Senator Don Farrell on Saturday met when they discussed implementation of the Economic Cooperation and Trade Agreement (ECTA).
Aramco's net income rises 46.5 pct YoY to USD 161.1 billion
Mar 12, 2023, at 10:34 pm
Dhahran: Saudi Arabian oil major Aramco on Saturday announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a listed company.
Elon Musk says open to SVB buyout after tech lender closes
Mar 12, 2023, at 08:43 pm
Washington: Twitter CEO Elon Musk says he is "open to the idea" of having his social media company buy the bankrupt Silicon Valley Bank (SVB).
Man booked for smoking, misbehaving on Air India's London-Mumbai flight
Mar 12, 2023, at 08:30 pm
Mumbai: A case has been registered against an unruly passenger, who was caught smoking in the lavatory on an Air India London-Mumbai flight, Mumbai Police said on Sunday, news agency ANI reported
Govt appoints Siddhartha Mohanty as interim chairman of LIC: Report
Mar 12, 2023, at 08:20 pm
Mumbai: The Centre has appointed Siddhartha Mohanty as the interim chairman of the Life Insurance Corporation of India (LIC) for a three months period, starting March 14, according to CNBC.
IDFC Mutual Fund rebrands to Bandhan Mutual Fund
Mar 11, 2023, at 08:42 pm
Mumbai: IDFC Mutual Fund is set to adopt its new brand identity as Bandhan Mutual Fund on Monday.
US: California regulator shuts Silicon Valley Bank
Mar 11, 2023, at 02:15 pm
Washington: Silicon Valley Bank, Santa Clara, California, was closed on Friday by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver, marking the largest failure of a U.S. financial institution in recent years.
Rajeev Chandrasekhar holds consultations with stakeholders on the proposed Digital India Bill
Mar 11, 2023, at 07:58 am
New Delhi: Union Minister of State for Electronics & IT(MeitY) Rajeev Chandrasekhar held consultations with stakeholders on the soon-to-be introduced Digital India Bill.
NPS subscribers grow 22.88% y-o-y to 624.81 lakh
Mar 11, 2023, at 07:32 am
New Delhi/IBNS: The National Pension System (NPS) has witnessed a significant surge in its subscriber base over the past year, with the number of subscribers under various schemes rising to 624.81 lakh as of March 4, 2023, the Ministry of Finance said on Friday.