In relief for borrowers, RBI keeps repo rate unchanged at 6.5%
Apr 06, 2023, at 05:07 pm
Mumbai/UNI: In a respite for borrowers, the Reserve Bank of India's (RBI) monetary policy committee (MPC) on Thursday decided to keep the policy repo rate unchanged at 6.5 per cent.
Bridgestone's Potenza Sport tyre chosen exclusive tyre partner for Lamborghini Revuelto
Apr 06, 2023, at 06:58 am
Brussels: Bridgestone has been chosen by Lamborghini as its exclusive tyre partner for the new Revuelto, Lamborghini’s first-ever super sports V12 HPEV (High Performance Electrified Vehicle).
India, Russia trade surpassing records: Russian trade official
Apr 06, 2023, at 06:26 am
New Delhi/UNI: President of the Russian Chamber of Commerce and Industry Sergey Katyrin said today that trade between the two nations is "breaking records". At the end of 2022, bilateral trade reached a record high of $35.3 billion, which is 2.5 times more than in 2021, he noted.
RBI MPC meet: Rate setting panel to announce decision on key lending rates on Thursday
Apr 06, 2023, at 05:57 am
Mumbai: The Reserve Bank of India is expected to declare another increase in interest rates on Thursday, as part of its bi-monthly review of monetary policy, said reports.
34 electronic components manufacturing proposals approved till march: Centre
Apr 06, 2023, at 05:25 am
New Delhi: A total of 34 electronic components manufacturing proposals worth Rs 11,187 crore have received government approval till March 30 this year, a correspondence to Lok Sabha said on Wednesday.
Religare Enterprises to acquire MyInsuranceClub to expand into insurance distribution
Apr 06, 2023, at 04:58 am
New Delhi: Financial services company Religare Enterprises Ltd (REL) has signed a Share Purchase Agreement for the proposed acquisition of insurance web aggregator MyInsuranceClub (MIC) from iGear Holdings Private Limited, a part of The Indian Express Group, according to a company statement.
WTO predicts a meagre 1.7 pc growth in world trade in 2023
Apr 06, 2023, at 04:51 am
The global uncertainties are likely to impact economic activities significantly, World Trade Organization (WTO) said on Wednesday and predicted the growth in world trade to increase by merely 1.7 percent in 2023.
Adani Ports reports 9 pc growth in FY23, largest port cargo volume ever
Apr 06, 2023, at 04:45 am
Ahmedabad/IBNS: Adani Ports and Special Economic Zone Ltd (APSEZ) has reported a 9 percent growth in cargo handling in the seaports it runs for FY23 ended March 31.
Reliance Retail launches omni-channel beauty retail platform 'Tira'
Apr 06, 2023, at 02:07 am
Mumbai: Reliance Retail Limited on Wednesday said it has launched Tira, an omni-channel beauty retail platform that offers a seamless and personalized shopping experience to beauty enthusiasts across India.
Tsutsumu Otani to be new President, CEO & MD of Honda Motorcycle and Scooter India
Apr 06, 2023, at 01:37 am
Mumbai/IBNS: Honda Motor Company Ltd announced on Wednesday that Tsutsumu Otani will be taking on new responsibility as the president, chief executive officer and managing director of Honda Motorcycle & Scooter India.
Apr 06, 2023, at 01:30 am
New Delhi/IBNS: The government has sanctioned over Rs 40,600 cr in the last seven years under Stand-Up India (SUPI) Scheme aimed at promoting entrepreneurship at the grassroots level focusing on economic empowerment and job creation.
Kotak General Insurance partners with actyv.ai to provide insurance products to MSMEs
Apr 05, 2023, at 11:47 pm
Kolkata: Kotak Mahindra General Insurance Co. Ltd (Kotak General Insurance) on Wednesday announced that it has partnered with actyv.ai to offer bite-sized insurance products to new-age Micro, Small and Medium Enterprises (MSME) companies.
Indian economy continues to show resilience amid global uncertainties: World Bank
Apr 05, 2023, at 03:10 pm
New Delhi: India’s growth continues to be resilient despite some signs of moderation in growth, says the World Bank in its latest India Development Update, the World Bank India’s biannual flagship publication.
After Lithium in J&K, large deposits of 15 rare earth elements found in Andhra Pradesh
Apr 05, 2023, at 05:32 am
Hyderabad: National Geophysical Research Institute has discovered significant deposits of 15 rare earth elements (REE) in Andhra Pradesh's Anantapur district, TOI reported on Tuesday.
RBI should stop hiking the key lending rate further: Assocham Prez Ajay Singh
Apr 05, 2023, at 05:04 am
Mumbai: The Reserve Bank of India (RBI) should stop hiking the key lending rate in view of the current uncertainties in the global business environment, Assocham President and SpiceJet CEO Ajay Singh said on Tuesday.
Adani JV in talks with banks for first credit in dollars since Hindenburg report: Report
Apr 05, 2023, at 04:46 am
Mumbai: Adani Group is in talks with at least half a dozen banks for a loan of about $220 million, its first since the negative by US-based short-seller Hindenburg Research last January, Bloomberg reported.
Demand for tax professionals on the rise: Report
Apr 05, 2023, at 03:27 am
Kolkata/IBNS: There was a significant surge in demand for chartered accountants and income tax consultants in FY-2023 with a 47% growth in demand in the Q1FY23 as compared to the same quarter of FY22, according to hyperlocal search engine Just Dial.
Rs 30 crores disbursed during FY 23 under PLI Scheme for drones and drone components: Centre
Apr 05, 2023, at 02:51 am
New Delhi/IBNS: The Ministry of civil aviation has disbursed nearly Rs 30 crores to the beneficiaries during FY 2022-23 under the PLI Scheme for drones and drone components, an official statement said on Tuesday.
Kolkata Port achieves all-time high cargo ( 65.66 MT) handling in 2022-23
Apr 05, 2023, at 02:43 am
Kolkata: Syama Prasad Mookerjee Port (SMP), Kolkata achieved an all-time high cargo handling with 65.66 million tonnes (MT) of shipments in 2022-23, recording a 12.87 percent high from the previous mark of 58.175 million tones in 2021-22, company chairman PL Haranath said on Tuesday.
IHCL wins Golden Peacock National Training Award, 2023
Apr 05, 2023, at 02:11 am
Mumbai/IBNS: Tata-owned hospitality company Indian Hotels Company (IHCL) bagged top honours for training at the Golden Peacock Awards, 2023.
Iron ore: NMDC's prodn crosses 41 MT for second consecutive fiscal
Apr 05, 2023, at 01:19 am
New Delhi/IBNS: India’s largest iron ore producer, NMDC crosses 41 Million Tonne (MT) production of iron ore for the second fiscal in a row, the Ministry of Steel said on Tuesday.
LVMH boss tops Elon Musk to become Forbes' richest man of 2023
Apr 05, 2023, at 12:57 am
Paris: French luxury goods tycoon Bernard Arnault, who heads mega-corporation LVMH Moet Hennessy Louis Vuitton (LVMH), has edged US entrepreneur Elon Musk out of the top of Forbes' list of the world's richest billionaires this year, the magazine reported on Tuesday.
Indian smartphone industry gaining momentum: Reports
Apr 03, 2023, at 10:39 pm
Industry experts believe that Indian smartphone export is likely to have crossed USD 10 billion (over Rs 82,000 crore) in the just-ended financial year 2023.
India, Malaysia can now settle their trade in Indian Rupee
Apr 02, 2023, at 07:20 am
New Delhi: India and Malaysia can now settle their trade in Indian Rupee (INR) in addition to the current modes of settlement in other currencies, the government announced on Saturday.
Rs. 1,60,122 crore gross GST revenue collected for March 2023: Govt data
Apr 01, 2023, at 10:46 pm
New Delhi: The gross GST revenue collected in the month of March 2023 is Rs. 1,60,122 crore of which CGST is Rs. 29,546 crore, SGST is Rs. 37,314 crore, IGST is Rs. 82,907 crore (including Rs. 42,503 crore collected on import of goods) and cess is Rs. 10,355 crore (including Rs. 960 crore collected on import of goods).
Piyush Goyal lauds GeM crossing Gross Merchandise Value of Rs. 2 lakh crore in 2022–23
Apr 01, 2023, at 10:15 pm
New Delhi: In the financial year 2022-2023, procurement of goods and services from government portal Government e Marketplace (GeM) has crossed the Rs 2 lakh crore mark, which is a remarkable achievement, said Union Commerce and Industry Minister Piyush Goyal, in Mumbai on Saturday.
Union Bank of India sets up mechanism for India-Malaysia trade in INR
Apr 01, 2023, at 09:17 pm
New Delhi: Public sector Union Bank of India has operationalised the mechanism to allow Indian and Malaysian traders to invoice and settle the trade in Indian Rupee (INR).
New scheme for women: Mahila Samman Savings Certificates made available in Post Offices
Apr 01, 2023, at 09:15 pm
New Delhi: The Ministry of Finance issued the Gazette Notifications for Mahila Samman Savings Certificates, 2023 and has been made available in 1.59 lakh post offices with immediate effect.
Apr 01, 2023, at 09:06 pm
New Delhi: The government on Friday announced hike in interest rates on various small savings schemes such as Senior Citizens Savings scheme, Sukanya Samriddhi Account and National Savings Certificate by upto 70 basis points for April-June quarter (Q1) of financial year 2023-24.
Prices of cooking gas cylinders slashed
Apr 01, 2023, at 05:55 pm
New Delhi/UNI: The oil marketing companies on Saturday slashed prices of cooking gas cylinders about Rs 92 per cylinder.