India's per capita income doubled in 9 years

Mar 06, 2023, at 01:29 pm

New Delhi: The per capita income in India has doubled to Rs 172,000 over the past nine years, according to the latest figures released by the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation.

India's Feb crude oil imports from Russia hit record high

Mar 05, 2023, at 10:54 pm

New Delhi/IBNS: India's crude oil shipments from Russia in February reached an unprecedented 1.6 million barrels per day, surpassing the combined imports from traditional suppliers Iraq and Saudi Arabia.

'Hindenburg Research no Good Samaritan; made money out of middle-class investors': Senior lawyer Harish Salve

Mar 05, 2023, at 09:50 pm

New Delhi: Prominent lawyer Harish Salve has called for a detailed probe into US short-seller Hindenburg Research’s negative report on Adani Group that caused market turbulence last month as conglomerate's listed stocks lost billions of dollars in a short span.

'Allegations don't necessarily equate to truth': Ex-Aussie PM Tony Abbott on Hindenburg's negative report on Adani

Mar 05, 2023, at 07:31 pm

Former Australian PM Tony Abbott has rubbished the allegations of grave irregularities against Adani Group by US-based short seller Hindenburg Research and said it is "easy to make allegations, but just because something has been alleged, doesn't make it true."

Nissan Motor India showcases recently unveiled SUVs X-Trail and Qashqai in Kolkata

Mar 04, 2023, at 11:36 pm

Kolkata: Automaker  Nissan Motor India on Saturday showcased its recently unveiled SUVs X-Trail and Qashqai at The Tollygunge Club in south Kolkata in the presence of Olympic gold medalist shooter Abhinav Bindra.

ICRA revises outlook for two Adani companies to 'negative'

Mar 04, 2023, at 07:29 am

Ratings agency ICRA has changed the outlook for two Adani group companies, namely Adani Ports and Adani Total Gas, from "stable" to "negative".

Forex reserves contract by $325 million to $560.94 billion in week ended Feb 24

Mar 04, 2023, at 06:27 am

Mumbai: India’s foreign exchange reserves decreased by $325 million, bringing the total down to $560.94 billion for the week ended February 24th.

Swiggy sells its cloud kitchen business to rationalise costs

Mar 04, 2023, at 06:12 am

Mumbai: Food delivery platform Swiggy announced on Thursday that it has completed a share-swap agreement with Kitchens@ to sell its cloud kitchen business, Swiggy Access. This decision was made as part of the company's cost-cutting measures, which included laying off 380 employees due to a lack of funding opportunities, The Financial Express reported.

Arunachal Pradesh: Rita Tage winning hearts with her 'Naara Aaba Kiwi Wines'

Mar 04, 2023, at 04:58 am

Itanagar: Arunachal Pradesh-based entrepreneur Rita Tage has established herself as a major name in the wine industry by creating her brand “Naara Aaba Kiwi Wines.”

Sensex jumps 900 points with PSU banks and Adani Group stocks taking the lead

Mar 04, 2023, at 04:50 am

Mumbai: The Sensex surged by 900 points on Friday and the Nifty came close to reaching the 17,600 mark, following positive global and domestic cues. This boost in the stock market resulted in investors gaining approximately Rs 3.4 lakh crore, ET reported.

India looking to partner with Sukhoi, Embraer to make small jets in country: Report

Mar 04, 2023, at 04:31 am

New Delhi: India is exploring potential partnerships with global aircraft makers, such as Embraer SA and Russia’s Sukhoi, to start domestic production of small aircraft, Bloomberg reported citing sources.

iPhone maker Foxconn plans to invest $700 mn in Bengaluru plant in a shift from China: Report

Mar 04, 2023, at 02:37 am

Apple’s partner Foxconn Technology Group intends to invest approx. $700 million to set up a new manufacturing facility in India to increase local production, highlighting the increasing trend of shifting manufacturing away from China due to escalating tensions between Washington and Beijing, Bloomberg reported.

Adani Group to hold fixed income road shows in US, Dubai, London: Report

Mar 04, 2023, at 01:13 am

Adani Group is set to conduct fixed-income road shows in various cities of the United States, Dubai, and London this month, Reuters reported.

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.