Centre says no bids invited for running passenger trains in PPP mode; rejects media report
Sep 07, 2022, at 05:35 am
New Delhi: The government is not considering any proposal to run passenger trains in public-private partnership (PPP) mode as mentioned in a report published in a prominent daily, the Ministry of Railways said in a statement on Tuesday.
Centre planning to bring all the states on National Single Window System by March 2023
Sep 07, 2022, at 04:35 am
New Delhi: The Centre is planning to bring on board all the states that are yet to integrate with National Single Window System (NSWS) by March next year, the Department for Promotion of Industry and Internal Trade (DPIIT) said on Tuesday (Sept 6).
Priyanka Chopra's hair care brand Anomaly makes India debut with Nykaa
Sep 07, 2022, at 04:25 am
Popular Indian actor with global fame Priyanka Chopra's hair care brand Anomaly made its debut in the Indian market joining hands with e-commerce retailer Nykaa.
Coal production from captive & commercial blocks jumps 58 pc in Apr-Aug FY23
Sep 07, 2022, at 02:52 am
New Delhi: Coal production during April-August (FY23) stood at 43.93 million ton, 57.74 percent higher than 27.85 million ton produced during the same period the previous year, the Ministry of Coal said Tuesday.
‘Partnership of Trust’ between India-US progressing from strength to strength: Piyush Goyal
Sep 07, 2022, at 02:18 am
San Francisco (US): Union Commerce and Industry Minister Piyush Goyal Tuesday interacted with the US India Strategic Partnership Forum (USISPF), the leadership of GITPRO (Global Indian Technology Professionals Associations) and FIIDS (Foundation for India and Indian Diaspora Studies) here.
Centre releases Revenue Deficit Grant of Rs 7,183.42 cr to 14 States
Sep 07, 2022, at 01:44 am
The Department of Expenditure, Ministry of Finance on Tuesday released the sixth monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 7,183.42 crore to 14 states, according to a Ministry of Finance statement.
Captive and commercial blocks of Jharkhand likely to produce 37.3 MT Coal in 2022-23
Sep 07, 2022, at 01:07 am
New Delhi: Production from captive and commercial coal blocks of Jharkhand is likely to be about 37.3 million ton in 2022-23 against 17.72 million ton in 2021-22, a 110.4 percent year-on-year increase, the Ministry of Coal said Tuesday.
Paytm registers 6 mln loan disbursals during July-Aug period
Sep 07, 2022, at 12:18 am
Mumbai/UNI: One 97 Communication, the parent company of Paytm, Tuesday said its loan distribution business scaled to six million disbursals during the July-Aug period, aggregating to Rs 4,517 crore.
Skipper Ltd engineering business wins New order of Rs 225 crores
Sep 06, 2022, at 11:12 pm
Kolkata: Skipper Limited (BSE: 538562) and NSE (Symbol: SKIPPER), manufacturers of Power Transmission & Distribution structures and a prominent manufacturer of Telecom and Railway structures, Tuesday announced that it has secured fresh new order of Rs 225 crores for several Domestic & International T&D projects including Telecom.
Sep 06, 2022, at 10:33 pm
Mumbai: The BSE Sensex remained weak on Tuesday, declined 48.99 points to close at 59,196.99 as selling was seen in IT, Auto and Bankex stocks.
Indian Rupee ends almost steady at 79.83 against USD
Sep 06, 2022, at 10:30 pm
Mumbai: The Rupee on Tuesday closed almost flat at 79.83, rising by one paisa against the USD on selling of US Dollar from bankers and importer, dealers at the Foreign Exchange said.
Reliance Industries Limited to acquire majority stake in SenseHawk
Sep 06, 2022, at 02:42 pm
Mumbai: Reliance Industries Ltd on Tuesday signed definitive agreements to acquire a majority stake in SenseHawk Inc for a total transaction value of USD 32 million, including funding for future growth, commercial rollout of products, and R&D.
NTPC acquires Jhabua Power Limited through Corporate Insolvency Resolution route
Sep 06, 2022, at 04:59 am
Mumbai: State-run integrated power generation company NTPC has successfully acquired Jhabua Power Limited (JPL) through Corporate Insolvency Resolution Process initiated by National Company Law Tribunal, Kolkata, (NCLT).
Sep 05, 2022, at 11:11 pm
Kolkata: Bank of India has become the first public sector bank to go live on Income Tax Department’s new Direct Tax Collection System Tin 2.0.
Indian Railways records best ever August Monthly freight loading of 119.32 MT in August’22
Sep 05, 2022, at 07:19 pm
New Delhi: Indian Railways (IR) has recorded best ever August Monthly freight loading of 119.32 MT in August’22.
Volvo Cars appoints Johan Ekdahl as CFO
Sep 05, 2022, at 06:18 pm
New Delhi: Volvo Cars has appointed Johan Ekdahl as Chief Financial Officer, effective Sept1, 2022.
Longevity Risk: Ways to Tackle It
Sep 05, 2022, at 02:45 am
In an era marked by increased life expectancy, no risk is more potentially debilitating for the average investor than Longevity Risk. Indians, who are now living longer, face the terrible prospect of outliving their resources, especially their retirement savings. The scenario seems bleak for policy mavens – they must ensure comprehensive old-age social security for all, a goal that is far from being achieved in our country
Former Tata Sons chairman Cyrus Mistry dies in road accident close to Mumbai
Sep 04, 2022, at 11:08 pm
Mumbai: Former Tata Sons chairman Cyrus Mistry, who had replaced Ratan Tata, died in a road mishap in Palghar region of Maharashtra on Sunday.
Inflation is likely to follow downward trajectory in India: Shaktikanta Das
Sep 03, 2022, at 06:32 am
Inflation is likely to go down in the coming months and the impact of high inflation is already past its peak, Reserve Bank of India Governor Shaktikanta Das said Friday.
Linking bilateral trade to border tension not a good stance by India, says Chinese diplomat
Sep 03, 2022, at 03:07 am
Kolkata: The Chinese companies are hit by uncertainty and don't feel at ease doing business in India owing to the treatment and the policies of the Indian government, the Chinese Consulate General in Kolkata Zha Liyou Thursday said.
US, Taiwanese companies apply for manufacturing semiconductors in India, says Minister
Sep 02, 2022, at 11:54 pm
New Delhi: Minister of State for Electronics and Information Technology Rajeev Chandrasekhar has said companies from the US, Taiwan and certain European nations have shown interest in setting up semiconductor manufacturing units in India.
BoB Financial and Snapdeal launch co-branded JCB RuPay Contactless Credit Card
Sep 02, 2022, at 10:30 pm
Kolkata: BOB Financial Solutions Limited (BFSL), the wholly-owned subsidiary of Bank of Baroda (BoB) and Snapdeal in partnership with National Payments Corporation of India (NPCI) and JCB International Co. Ltd. have announced the launch of the Snapdeal BoB JCB RuPay Credit Card.
Axis Mutual Fund launches ‘Axis Silver ETF’ and ‘Axis Silver Fund of Fund’
Sep 02, 2022, at 10:28 pm
Kolkata: Axis Mutual Fund, one of the leading asset management companies in India announced the launch of Axis Silver ETF (an open ended scheme replicating/tracking domestic price of Silver) and Axis Silver Fund of Fund (an open ended fund of fund scheme investing in units of Axis Silver ETF), on Friday.
IndusInd Bank and ADB join hands to support Supply Chain Financing
Sep 02, 2022, at 10:26 pm
Kolkata: IndusInd Bank on Friday announced a strategic partnership with Asian Development Bank (ADB) to support and promote Supply Chain Finance (SCF) solutions in India.
Yes Bank hikes interest rates on NRE and FCNR Fixed Deposits
Sep 02, 2022, at 10:12 pm
New Delhi: Yes Bank has revised the interest rates on its Non-Resident External Account (NRE) Fixed Deposits by 50 to 75 basis points.
Sep 02, 2022, at 10:05 pm
Srinagar: Jammu and Kashmir youth are setting examples for the whole nation by venturing into new business models.
TVS Motor Company sales grows by 15 pct in August 2022
Sep 02, 2022, at 08:20 pm
Hosur: TVS Motor Company registered a growth of 15 percent in August 2022 with sales of 333,787 units as against 290,694 units in the month of August 2021.
Starbucks gets Indian CEO, Laxman Narasimhan in charge from Apr 2023
Sep 02, 2022, at 08:15 pm
American multinational coffeehouse chain Starbucks has named Laxman Narasimhan as its new Chief Executive Officer (CEO).
Ashok Leyland bags mega order for 1,400 school buses
Sep 02, 2022, at 08:13 pm
Chennai: Ashok Leyland, the flagship brand of the Hinduja Group, the fourth largest bus manufacturer in the world and a transnational transportation and mobility solutions leader, today announced bagging orders from major fleets for 1,400 school buses in UAE- the company’s largest ever supply of school buses in UAE.
Volkswagen delivers over 5,000 units of its new global sedan Virtus in just over 2 months
Sep 02, 2022, at 06:48 pm
Mumbai: German automaker Volkswagen's Virtus has been successfully delivered to over 5000 customers across India in just over two months.