RBI slaps Rs 3.06 cr penalty on Amazon Pay (India) for non-compliance of rules

Mar 04, 2023, at 01:04 am

Mumbai: The Reserve Bank of India Friday said it has fined Amazon Pay (India) Private Ltd more than Rs 3.06 crore for not adhering to certain rules regarding Prepaid Payment Instruments (PPIs) and the Know Your Customer (KYC) directive.

Apple smartphones to be built in a new 300-acre Karnataka factory, Chief Minister Basavaraj Bommai says it will create 1 lakh jobs

Mar 03, 2023, at 10:17 pm

New Delhi/Bengaluru: Union Minister of State for Electronics and IT, Rajeev Chandrasekhar on Friday said Apple smartphones will soon be built in a 300-acre factory in India tech hub Karnataka.

Things to consider when building a financial portfolio

Mar 03, 2023, at 02:45 am

Building a financial portfolio is an essential part of achieving financial security. A well-constructed portfolio will not only help protect your assets and achieve your financial goals but can also be a source of potential profit. To ensure success, it’s essential to consider a few key factors when creating your portfolio.

'Truth will prevail': Gautam Adani welcomes SC's order in Hindenburg issue

Mar 02, 2023, at 10:49 pm

Mumbai/IBNS: Business tycoon Gautam Adani has welcomed the Supreme Court’s order to form a panel to probe the accusations of business malpractices by US short-seller Hindenburg Research on Adani Group companies.

Axis Bank completes Citibank India's consumer business buyout for Rs 11,600 cr

Mar 02, 2023, at 05:23 pm

Mumbai/IBNS: Axis Bank, India's fourth largest private sector bank, has acquired Citibank India's consumer business at Rs 11,603 crore.

Moody's improves India's 2023 growth projection to 5.5% on higher capex allocation in Budget

Mar 02, 2023, at 05:20 pm

New Delhi/IBNS: Moody's Investors Service, on Wednesday, increased its prediction for India's economic growth in 2023 from 4.8% to 5.5%.

Sensex down by over 300 points

Mar 02, 2023, at 04:55 pm

Mumbai/UNI: The BSE Sensex dropped 324 points at 59,086.73 in opening trade as selling was seen in IT and Telecommunications stocks.

Tata Group's majority stake acquisition in Bisleri halted over valuation: Report

Mar 02, 2023, at 06:58 am

Mumbai: Tata Group’s attempt to buy a majority stake in Bisleri, one of India’s largest bottled water enterprises, hit a roadblock after the two parties failed to reach a consensus on valuation, Bloomberg reported.

Developed and developing countries must have different goals and timelines towards sustainability: Piyush Goyal

Mar 02, 2023, at 05:48 am

New Delhi/IBNS: Developed and developing countries must have different goals and timelines while being sensitive to each other's needs, potential goals and roadmap towards sustainability, Commerce & Industry Minister Piyush Goyal said on Wednesday.

Akasa Air to go international with fleet expansion; to place order for aircraft in three digits by year-end

Mar 02, 2023, at 05:43 am

Mumbai/IBNS: Akasa Air has said it will be expanding its fleet with aircraft purchases in the three digits by the end of the year, media reports said.

Bajaj Finserv gets permission to launch mutual fund business

Mar 02, 2023, at 04:21 am

Mumbai: Non-banking financial services company Bajaj Finserv Wednesday said it has obtained the licence to launch its mutual fund business, Reuters reported.

SoftBank sells 2.8 cr shares worth Rs 954 cr in block deal

Mar 02, 2023, at 02:51 am

Mumbai/IBNS: SoftBank sold 2.8 crore shares worth Rs 954 crore on Wednesday in the Gurgaon-based logistics firm Delhivery through bulk deals. The sale represents 3.85% of the company's total shares, and the shares were sold at Rs 340.80 each.

In the season of layoffs, Google fires 100 robot workers that cleaned its cafeterias, tidied conference rooms

Mar 02, 2023, at 01:23 am

Amid mass layoffs, Google’s parent company Alphabet has also fired 100 robots that helped keep its cafeterias spick and span, reported Wired.

GST revenue grows 12 pc in Feb to Rs 1.49 lakh cr, cess collection at record high

Mar 01, 2023, at 09:41 pm

New Delhi: Reflecting growth momentum in the economy, gross goods and services tax (GST) collection rose 12 per cent year-on-year to Rs 1,49,577 crore in February, 2023.

SBI Credit Card Users Alert! How New Rules Will Affect You from January 1 - Check Complete Details

Mar 01, 2023, at 06:18 pm

The State Bank of India (SBI) is the largest credit card provider in India, which offers this facility to cater to the specific needs of customers. It provides a plethora of features like reward points, cashback for grocery purchases, travel, fuel expenses, etc.

Prices of domestic, commercial LPG cylinders increased

Mar 01, 2023, at 02:17 pm

New Delhi: Petroleum and oil marketing companies increased prices of domestic LPG cylinders by Rs 50 per cylinder and commercial LPG cylinders by Rs 350.50 per unit on Wednesday.

MC A10 Index improves 8% on Adani Enterprises stocks: Report

Mar 01, 2023, at 08:11 am

Mumbai: The MC A10 index, which is an indicator of Adani Group stocks, ended a seven-day losing streak due to some low-level purchasing in some of the companies, despite the benchmark indices closing half a percent lower, media reports said.

G20: Mizoram's capital Aizawl to host the second B20 event from 1-3 March 2023

Mar 01, 2023, at 07:34 am

New Delhi/IBNS: The second of the four scheduled B20 India events in the Northeast will take place in Aizawl between March 1 and 3, 2023, the Ministry of Commerce & Industry said on Tuesday.

Apple’s suppliers in China hurry to move out manufacturing capacity; India among top choices apart from Vietnam

Mar 01, 2023, at 07:20 am

Apple’s Chinese suppliers may move their capacity out of the country at a quicker rate than expected, to avoid the negative consequences of increasing tensions between Beijing and Washington, according to one of Apple's top partners, Bloomberg reported.

NTPC transfers 15 renewable energy assets to its subsidiary

Mar 01, 2023, at 06:14 am

Mumbai/IBNS: Under the aegis of the Centre's National Monetization Pipeline, state-owned power utility major NTPC Ltd completed the transfer of 15 renewable energy assets to NTPC Green Energy Ltd.

SBI completes $1 billion through syndicated social loan

Mar 01, 2023, at 05:56 am

India’s largest lender State Bank of India (SBI) Tuesday said it has completed a $1 billion Syndicated Social Loan Facility.

Make India a global petrochemical leader: Industry experts urge govt, discuss ideas and strategies

Mar 01, 2023, at 04:39 am

New Delhi: Former NITI Ayog CEO Parameswaran Iyer on Tuesday stressed the importance of sustainable technologies in the petrochemical industry, and suggested that if required the existing policies should be reviewed to promote investments in this sector.

Softbank plans to sell shares worth Rs 600 cr in Delhivery via block deal on Wednesday: Report

Mar 01, 2023, at 04:36 am

Mumbai: Japan’s Softbank Group is planning to offload approximately Rs 600 crore worth of shares in Delhivery through block deals on Wednesday, media reports said.

India’s GDP growth decelerates to 4.4 pc in Q3FY23, services sector continues robust revival

Mar 01, 2023, at 02:54 am

New Delhi: India's real gross domestic product (GDP) for the October-December quarter (Q3) of the current fiscal year decreased to 4.4%, compared to 6.3% in the previous quarter, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) showed on Tuesday.

Citreon launches new E-C3 all-electric car

Feb 28, 2023, at 11:09 pm

Kolkata/New Delhi: Carmaker Citroën India has launched the much-awaited New Citroën Ë-C3 All-Electric at a special introductory price of Rs. 11,50,000 (ex-showroom Delhi).

Essar launches EET to invest US$3.6 billion in energy transition in UK and India

Feb 27, 2023, at 07:40 pm

London/IBNS: Essar Group, invested in Energy, Metals and Mining, Infrastructure and Technology sectors, on Monday announced the formation of Essar Energy Transition (“EET”) to drive the creation of the UK’s leading energy transition hub in North West England.

Despite turmoil, Adani gets boost from S&P rating

Feb 27, 2023, at 07:24 pm

Mumbai/IBNS: American Credit Rating Agency S&P Global has affirmed its rating on trouble-laden Adani Group with a stable outlook, media reports said.

Airtel surpasses 10 million unique customers on its 5G network

Feb 27, 2023, at 06:47 pm

New Delhi/UNI: Bharti Airtel (Airtel), India’s leading telecommunications services provider, on Monday announced that it has crossed the 10 million unique 5G user mark on its network.

Twitter fires at least another 200 employees: Reports

Feb 27, 2023, at 05:31 pm

Washington/UNI: Twitter has laid off at least another 200 employees on Saturday evening, The New York Times reported citing sources familiar with the matter.

Twitter once again fires 50 more employees as cost-cutting continues: Reports

Feb 27, 2023, at 02:54 pm

Washington: Twitter has fired another 50 employees in the eighth round of job cuts since Elon Musk bought the microblogging firm for $44 billion in October, The Information reported, citing sources.