Exposure of domestic banks to Adani Group 'limited', says rating agency Moody's
Feb 08, 2023, at 04:38 am
Mumbai/IBNS: Rating agency Moody's Investor Services has said the Indian banks face “limited” risk due to a massive decline in the value of Adani, according to media reports.
Samsung Galaxy S23 series gets 1,40,000 pre-bookings in a single day in India
Feb 08, 2023, at 04:31 am
Kolkata: Consumer electronics brand Samsung on Tuesday said over 140,000 Galaxy S23 series units were pre-booked in India in a span of first 24 hours.
Blockchain Technology one of many promising technologies: RBI
Feb 08, 2023, at 03:30 am
New Delhi/IBNS: The Reserve Bank of India (RBI) has informed that Blockchain Technology (BCT) is one of many promising technologies and its usefulness will depend on how it is adopted and adapted to a wide array of uses, the Ministry of Finance said on Tuesday.
MeitY asks app stores to filter out unregulated digital lenders
Feb 08, 2023, at 02:59 am
New Delhi/IBNS: The Ministry of Electronics & Information Technology (MeitY) has shared a list of Digital Lending Apps (DLAs) being used by Regulated Entities (REs) with the app stores, requesting them to not feature lending apps other than those mentioned in the list, the finance ministry said in the Parliament on February 7.
K Satyanarayana Raju appointed as New MD , CEO of Canara Bank
Feb 07, 2023, at 11:17 pm
Mumbai : The Government on Tuesday announced the appointment of K Satyanarayana Raju as Managing Director and CEO of Canara Bank.
PwC in India to add 30K new jobs over the next five years
Feb 06, 2023, at 11:57 pm
New Delhi: PwC announced on Monday that it will further expand its presence in India, in line with its strategic commitment to the country’s growth.
Kotak Mahindra Asset Management Company Limited launches Kotak Banking & Financial Services Fund
Feb 06, 2023, at 11:55 pm
Kolkata: Kotak Mahindra Asset Management Company Ltd (“KMAMC” / “Kotak Mutual Fund”) on Monday announced the launch of Kotak Banking & Financial Services Fund, an open-ended equity scheme investing in the Banking and Financial Services sectors.
Joy E-Bike records 18, 600 bookings for the newly launched e-scooter MIHOS
Feb 06, 2023, at 11:07 pm
Mumbai: Wardwizard Innovations and Mobility Ltd. on Monday announced a significant milestone of 18,600 bookings for its new high-speed electric scooter MIHOS.
Axis Bank launches an enhanced Rewards Redemption Program with 13 loyalty program partners
Feb 06, 2023, at 10:54 pm
Mumbai: Private sector lender Axis Bank announces the launch of its enhanced rewards program in association with airline and hotel loyalty programs across the industry.
Bandhan Bank hikes interest rates on Fixed Deposits
Feb 06, 2023, at 10:42 pm
Kolkata: Bandhan Bank, one of the leading universal banks, has increase its FD interest rates by 50 bps.
Bajaj Allianz Life Insurance launches Sustainable Equity Fund
Feb 06, 2023, at 10:14 pm
Kolkata: Bajaj Allianz Life Insurance, one of India’s leading life insurers, launched the Bajaj Allianz Life Sustainable Equity Fund, on Friday to offer its customers an opportunity to invest in companies that are socially responsible and have been evaluated on relevant Environment (E), Social (S) and Governance (G) factors.
Adani statement on pledge of shares of listed companies
Feb 06, 2023, at 09:58 pm
Chennai: Adani Group on Monday issued a statement on pledge of shares of its listed companies.
Jana Small Finance Bank hikes interest rates on fixed deposits and offers attractive interest rates
Feb 06, 2023, at 09:47 pm
Bangalore: Jana Small Finance Bank, one of the leading small finance banks in India, has announced a new increase in interest rates on regular fixed deposits, effective Feb 1, 2023 and on FD Plus are effective from Feb 6, 2023.
Jammu and Kashmir to boost mushroom production: Dulloo
Feb 06, 2023, at 03:03 am
Jammu: Jammu and Kashmir to boost mushroom production under Holistic Agriculture Development Plan.
Second sale of wheat through e-auction on Feb 15
Feb 05, 2023, at 06:06 pm
New Delhi/IBNS: The second sale of wheat through e-auction will be held throughout the country on 15th February Wednesday, 2023.
India going strong in gold consumption: World Gold Council official
Feb 05, 2023, at 03:39 am
World Gold Council official Somasundaram PR has said India remains a strong pillar of support for the global gold markets as the second-largest consumer of gold jewellery.
Feb 05, 2023, at 02:56 am
Mumbai/IBNS: The Securities Exchange Board of India (SEBI) Saturday said it has observed "unusual price movement in stocks of a business conglomerate" in the past week and assured it is committed to ensuring market integrity.
Tata Motors announces a ‘National Exchange Carnival’ for its customers
Feb 04, 2023, at 09:51 pm
Mumbai: Tata Motors, India’s leading vehicle manufacturer,on Saturday announced the commencement of its National Exchange Carnival across the country. During this mega carnival, customers can avail attractive benefits on all Tata Cars and UVs, by visiting any Tata Motors dealership.
India's coal prodn jumps 13 pc to 89.96 MT in Jan 2023
Feb 04, 2023, at 06:28 am
New Delhi/IBNS: India’s overall coal production increased by 12.94% to 89.96 Million Ton (MT) from 79.65 MT during Jan 2023 as compared to Jan 2022, according to the Ministry of Coal.
Food Corporation of India sells 9.2 LMT wheat in two days of e-auction
Feb 04, 2023, at 06:20 am
New Delhi/IBNS: The Food Corporation of India (FCI) sold 9.2 LMT of wheat across the country in two days of e-auction, Ministry of Consumer Affairs, Food & Public Distribution said Friday.
IndiGo Q3FY23 PAT soars 1000 pc to Rs 1423 cr
Feb 04, 2023, at 05:50 am
Mumbai/IBNS: InterGlobe Aviation, the parent company of budget carrier IndiGo, Friday reported a mega jump in net profit by 1000 percent to Rs 1422.6 crore for the December 2022 quarter against a net profit of Rs 129.79 crore in the year-ago period.
SBI's Q3FY23 net profit jumps 68 pc y-o-y to Rs 14,205 cr; NII at Rs 38,069 cr
Feb 04, 2023, at 05:33 am
Mumbai/IBNS: State Bank of India (SBI) reported a 68 percent year-on-year jump in net profit to Rs 14,205 crore for the quarter ended December 31, 2023, on account of a reduction in provisions and strong core income growth.
Vi to convert Rs 16,100 cr debt into equity; govt to take 33 pc stake
Feb 04, 2023, at 04:47 am
Mumbai: The Centre has asked the cash-strapped telco Vodafone Idea (Vi) to convert all interest related to payments for spectrum and other dues into equity.
Tata Power Q3FY23 PAT jumps 91 pc y-o-y to Rs 1,052 cr
Feb 04, 2023, at 04:14 am
Mumbai/IBNS: Tata Power (NSE,BSE: TATAPOWER) today said its PAT in Q3 FY23 rose for the 13th straight quarter to Rs 1,052 crore, up 91% year-on-year from Rs 552 crore in the same quarter last fiscal.
FM Sitharaman says LIC, SBI exposure to Adani Group within permissible limits: Report
Feb 04, 2023, at 02:58 am
Mumbai: Finance Minister Nirmala Sitharaman Friday said the exposure of big lenders such as LIC and State Bank of India (SBI) to the crisis-hit Adani Group is well within the permissible limits as stated by these lenders, according to media reports.
Tata Steel sets up an Innovation Centre for Mining & Mineral Research at IIT (ISM) Dhanbad
Feb 04, 2023, at 02:24 am
Dhanbad: Tata Steel has established a Centre for Innovation in Mining and Mineral Beneficiation at the Indian Institute of Technology (Indian School of Mines), Dhanbad with an aid of Rs 22 crore.
VFS Capital launches business operations in Rajasthan
Feb 03, 2023, at 11:37 pm
Jaipur: VFS Capital Ltd, a leading Kolkata-based NBFC-MFI has announced the launch of its business operations in Rajasthan, thereby expanding its footprint in 14 states in the country.
Rajan Pental appointed as Executive Director of Yes Bank
Feb 03, 2023, at 11:31 pm
New Delhi: Yes Bank announced that the Reserve Bank of India (RBI) has approved the appointment of Rajan Pental as an Executive Director of the Bank for a period of three years w.e.f. Feb 2, 2023.
Indian Market: Sensex zooms 909.64 pts
Feb 03, 2023, at 10:10 pm
Mumbai: The equity market ended strong on Friday, as the BSE sensex zoomed 909.64 pts to close breaching 60K level at 60,841.88 on the strength of Consumer Durable, Auto, BSE services and Financial Services stocks.
SAIL records best ever monthly production in January 2023
Feb 03, 2023, at 09:56 pm
New Delhi: The Steel Authority of India Limited (SAIL), a maharatna PSU under the Ministry of Steel, on Friday said it has recorded the best ever monthly production in January 2023.