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.
India will continue to be world’s fastest growing economy for many decades: Piyush Goyal
Feb 26, 2023, at 07:38 am
Pune/UNI: The Indian economy will be closer to the 35-40 trillion-dollar mark by 2047 given the current pace of development, Union minister Piyush Goyal said on Saturday.
Ola likely to launch IPO in 2024
Feb 26, 2023, at 06:50 am
Mumbai/IBNS: Cab aggregator Ola has put a hold on its IPO owing to the turbulent market situation, Ola Cabs Co-Founder and CEO said on Saturday, adding that the company is planning to announce it the next year.
'India's future vehicles will run on hydrogen and green fuels': Nitin Gadkari
Feb 26, 2023, at 06:13 am
Mumbai/IBNS: Hydrogen is our future fuel and India’s future vehicles will run on hydrogen and green fuels, Union Minister Nitin Gadkari said on Saturday.
SpiceJet Q3FY23: Net profit soars 161% y-o-y to Rs 110 cr
Feb 25, 2023, at 07:01 am
Mumbai: SpiceJet Ltd Friday reported a significant increase in its consolidated net profit for the quarter ended December 2022, with a 161% rise to Rs 110 crore.
West Bengal: Gadkari approves Rs 410.83 Cr for 5.261 km 4-lane Raniganj Bypass on NH14 on EPC Mode
Feb 25, 2023, at 05:45 am
New Delhi/IBNS: Union Minister Nitin Gadkari Friday approved Rs 410.83 crore for the construction of a 4-lane Raniganj Bypass with a length of 5.261 km on NH-14 (old NH-60) in Paschim Bardhaman district on EPC (Engineering, Procurement and Construction) Mode in West Bengal.
Adani Power cancels Rs 70.2 billion DB Power buyout in Chhattisgarh
Feb 25, 2023, at 05:28 am
Mumbai/IBNS: Adani Power has informed the stock exchanges that it has cancelled its proposal to purchase a coal plant project located in central India and that there has been no further development on this issue, news agency ANI reported.
Telecom equipment maker Ericsson to cut 8,500 jobs: Report
Feb 25, 2023, at 05:00 am
Ericsson, a manufacturer of telecommunications equipment, is set to reduce its expenses by terminating 8,500 employees worldwide, according to a memo seen by Reuters.
Air India plans to recruit over 4200 cabin crew and 900 pilots by 2023
Feb 25, 2023, at 04:52 am
Mumbai/IBNS: Air India is planning to hire more than 4,200 cabin crew and 900 pilots in 2023, as the airline increases its fleet size and expands its domestic and international services.
Gadkari approves 32km 6-lane highway in Andhra Pradesh for Rs 1292.65 cr under Bharatmala Pariyojana
Feb 25, 2023, at 03:38 am
New Delhi/IBNS: Union Minister Nitin Gadkari Friday announced that he has approved Rs 1292.65 crore for the development of a 32 km long 6-lane Access Controlled Greenfield Highway from Chandrasekharapuram to Polavaram on (NH-544G) Bengaluru–Vijayawada Economic Corridor.
18.05 LMT wheat sold in open market in three e-auctions
Feb 25, 2023, at 02:54 am
New Delhi/IBNS: Food Corporation of India (FCI) has sold 18.05 lakh MT wheat in the open market in a bid to cool down sharply rising prices of wheat and flour, the Food Ministry said Friday.
India’s Apr 2022 -Jan 2023 coal prodn jumps 16% y-o-y to 698.25 MT
Feb 25, 2023, at 02:41 am
New Delhi/IBNS: India’s coal production from April 2022 to January 2023 grew more than 16 percent with a production of 698.25 MT as compared to 601.97 MT in the same period the previous year, according to the Ministry of Coal.
KFintech to invest in FPSIPL to enter Account Aggregator business
Feb 25, 2023, at 01:59 am
Mumbai/IBNS: KFin Technologies Ltd Friday said it will invest in Fintech Products and Solutions India Private Limited (FPSIPL), a Technology Service Provider (TSP), a statement said.
NSE Indices launches India’s first Municipal Bond Index
Feb 25, 2023, at 01:26 am
Mumbai/IBNS: NSE’s index services subsidiary, NSE Indices Limited Friday launched India’s first-ever Municipal Bond Index, Nifty India Municipal Bond Index at a SEBI workshop on Municipal Debt Securities at Bengaluru, a statement said.
HDFC Life launches Guaranteed Income Insurance Plan
Feb 24, 2023, at 11:30 pm
New Delhi: Life insurer HDFC Life has launched HDFC Life Guaranteed Income Insurance Plan.
How can I get a Two Wheeler Loan at a lower interest rate?
Feb 24, 2023, at 05:09 pm
Getting a two-wheeler can be a costly affair. However, if you fund it correctly, it can lower the immediate burden of payment on you. One way to do this is to get a two wheeler loan. This option is attractive as it allows you to spread your payments over a longer time frame. You can make it even more beneficial by securing the loan at a lower interest rate. Let us understand how you can do this.
Sensex recovers by over 100 points
Feb 24, 2023, at 04:45 pm
Mumbai/UNI: The BSE Sensex on Friday recovered 152.15 points at 59,757.95: in opening trade following gains in FMCG, Health Care, IT and Industrials stocks.
NSE receives final approval to launch Social Stock Exchange (SSE) as a separate segment
Feb 23, 2023, at 11:12 pm
Mumbai/IBNS: The National Stock Exchange of India (NSE) received final approval from the Securities and Exchange Board of India (SEBI) on Tuesday (Feb 22) to set up a Social Stock Exchange (SSE) as a separate segment of the NSE, according to a social statement.
Volvo Car India announces price hike on Petrol Mild-Hybrid models
Feb 23, 2023, at 11:08 pm
Kolkata/IBNS: Volvo Car India has increased the ex-showroom prices of its petrol mild-hybrid models with immediate effect, the company said in a statement.
GreenLine Logistics deploys LNG trucks at Dalmia Cement
Feb 23, 2023, at 09:54 pm
Kolkata/IBNS: GreenLine Logistics (Green Planet Logistics Pvt Ltd.), an LNG-fueled heavy trucking logistics company, has deployed Dalmia Cement (Bharat) Limited’s first fleet of LNG trucks at its Chandrapur plant in Maharashtra.
Curl Cure forays in global market, aims 35 percent business growth by 2025
Feb 23, 2023, at 07:18 pm
Curl Cure, India's first complete hair care brand with its salon, has announced its expansion into the global market with ventures in Dubai and the United States.
Sensex down by over 200 points
Feb 23, 2023, at 04:40 pm
Mumbai/UNI: The BSE Sensex on Thursday dropped 239 points at 59,505 in opening trade as selling was seen across the board.
Crayons Advertising announces plans to double revenues; files DRPH with NSE Emerge for IPO
Feb 23, 2023, at 06:49 am
Kolkata/IBNS: Crayons Advertising Ltd Wednesday announced its plans to double its revenues in the next three years, mainly riding on digital and events verticals, according to a company statement.
Kotak Special Situations Fund invests Rs 1070 cr in bio-pharma firm Biocon
Feb 23, 2023, at 06:08 am
Kolkata/IBNS: Kotak Special Situations Fund (KSSF), managed by Kotak Investment Advisors Ltd (KIAL), Wednesday announced an investment of Rs 1,070 crore in Biocon Ltd (BL), according to an official statement.
MeitY seeks proposals to estimate India's digital economy
Feb 23, 2023, at 06:02 am
New Delhi: The Indian government is looking to estimate the size of the country’s digital economy and in this regard the Ministry of Electronics and Information Technology (MeitY) invited proposals, media reports said.
ADB president Masatsugu Asakawa meets PM Modi, proposes $25 billion for India's development projects
Feb 23, 2023, at 04:41 am
New Delhi/IBNS: Asian Development Bank President Masatsugu Asakawa on Tuesday met Prime Minister Narendra Modi and conveyed ADB's intention to provide $20-25 billion resources over five years to advance India's aspirations for fast, inclusive, and green growth.