Axis Bank launches one-stop cash management proposition to automate receivables
Aug 09, 2022, at 11:51 pm
Kolkata: Axis Bank said it has become the first Indian bank to launch Axis Receivables Suite (ARS) - an innovative Cash Management proposition that simplifies receivables reconciliation, accelerates cash flow, enhances client experience and reduces cost of doing business.
Tata Motors launches Tigor XM variant powered with its iCNG technology at INR. 7,39,900
Aug 09, 2022, at 11:46 pm
Mumbai: Building on the success of its iCNG technology and widening its range, auto major Tata Motors on Tuesday launched the Tigor XM iCNG variant at an attractive price point of INR. 7,39,900 (ex-showroom price, Delhi).
HEID, HPCL announce to start operation of battery swap service at HPCL Petrol Stations
Aug 09, 2022, at 11:42 pm
Bengaluru: Honda Power Pack Energy India Private Limited (HEID), Honda Motor Co., Ltd.’s subsidiary for battery swap service, and Hindustan Petroleum Corporation Limited (HPCL), a Maharatna oil company of India, have announced to start the operation of Honda e:swap services on Aug 6, which is operated by HEID at the HPCL petrol stations.
Adani Properties raised Rs 800 cr from Credit Suisse to finance expansion plans: Report
Aug 09, 2022, at 10:50 pm
Adani Properties Pvt Ltd (APPL) has raised Rs 800 crore from Credit Suisse to finance its expansion plans, media reports said.
US-based ‘ElectronEV’ forays into India to roll out Light/ Medium and Heavy Commercial Vehicles
Aug 08, 2022, at 11:54 pm
Hyderabad: Committed to sustainable mobility solutions revolutionizing the trucking industry, US-based ElectronEV has announced its foray into India to roll out Light/ Medium and Heavy commercial vehicles.
Aug 08, 2022, at 10:17 pm
Chennai/Kolkata: Public sector lender Indian Overseas Bank (IOB) is looking to raise up to Rs 1,000 crore under Common Equity Tier (CET) through qualified institutional placements (QIP) to boost profitability, bank's MD and CEO Partha Pratim Sengupta said.
Believe Pte Ltd invests USD eight mln in Bangladesh's D2C brand OHSOGO
Aug 08, 2022, at 09:59 pm
Dhaka/IBNS: Singapore's FMCG conglomerate Believe Pte Ltd has invested USD 8 mln in the beauty and skincare e-commerce startup OHSOGO.
Kotak Mutual Fund launches Smart Facility for SIP, STP and SWP
Aug 08, 2022, at 09:18 pm
Kolkata: Kotak Mutual Fund announced the launch of its Smart Facility for SIP, STP and SWP for all investors.
Indian Market: Sensex up 460.36 points
Aug 08, 2022, at 08:28 pm
Mumbai: The BSE Sensex on Monday rose 460.36 points at 58,835.51 following gains in banking, automobile and technology stocks.
India: Next-gen cellular network 5G to be rolled out soon
Aug 08, 2022, at 07:51 pm
New Delhi/IBNS: India has completed its 5G spectrum auction on Aug. 1 and will soon roll out 5G services in the South Asian nation, as per media reports.
Govt to amend competition laws to give more teeth to CCI
Aug 08, 2022, at 06:33 pm
New Delhi: The government plans to bring some sweeping changes in India's anti-trust law through the Competition (Amendment) Bill, 2022.
5G auction: DoT issues demand notices asking all 4 bidders to pay by Aug 16
Aug 08, 2022, at 06:26 pm
New Delhi: The telecommunication department has asked all the four participants of the 5G spectrum auction--Reliance Jio Infocomm, Bharti Airtel, Adani Data Networks, and Vodafone Idea-- to make payments by August 16.
Tata Motors signs Definitive Agreement for the acquisition of Ford India’s Sanand plant
Aug 08, 2022, at 06:57 am
Mumbai: Tata Motors subsidiary Tata Passenger Electric Mobility Ltd (TPEML) and Ford India Pvt Ltd (FIPL) Sunday signed a Unit Transfer Agreement (UTA) for the acquisition of the latter's manufacturing plant situated at Sanand, Gujarat for Rs 725.7 crore, an official release said.
Tata Motors to deploy 1,180 e-buses in West Bengal by 2023 end
Aug 06, 2022, at 08:15 pm
Kolkata/IBNS: The West Bengal Transport Corporation (WBTC) has awarded a work order to Tata Motors Limited for deployment of 1,180 electric buses under the ‘Grand Challenge’ initiative of Convergence Energy Services Limited (CESL).
FMCG sales continue to decline in July: Report
Aug 06, 2022, at 07:25 pm
FMCG sales continued to slide for the third consecutive month in July, registering a decline of 8 percent since last month, data from retail intelligence firm Bizom showed.
Reliance Industries' brand new eCommerce platform JioMarket likely before festive season: Report
Aug 06, 2022, at 07:16 pm
Mumbai: With the launch of its separate platform JioMarket nearing, Reliance Industries (RIL) has started inducting independent sellers and Direct to Customer (D2C) brands, media reports said.
Aug 06, 2022, at 04:41 pm
New Delhi/UNI: The prices of petrol and diesel remained steady Saturday.
Cheap Russian crude likely to pose tough competition to Saudi Arabia in India
Aug 06, 2022, at 06:36 am
New Delhi: Russia and Saudi Arabia could be soon locked in a battle over securing a bigger share of India's crude import market, with Moscow offering a cheaper alternative to one of the world's biggest importers.
Elon Musk accuses Twitter of fraud in buyout deal
Aug 06, 2022, at 05:29 am
San Francisco/IBNS: Tesla chief Elon Musk has accused Twitter of fraud and alleged that the social media platform has misled him about key aspects of its business before he agreed to a $44 billion deal amid a court battle.
Kotak Mahindra Bank Completes its Integration for GST Payment
Aug 06, 2022, at 05:20 am
Kolkata: Private sector lender Kotak Mahindra Bank Limited (KMBL) Friday announced the completion of its integration with the GST portal.
13,92,265 EVs running on the roads of India
Aug 06, 2022, at 05:09 am
New Delhi: A total of 13,92,265 Electric Vehicles (EVs) are running on Indian rods as of August 3, 2022, as per the information received from the Ministry of Road Transport and Highways.
Cloudatail denies controlling links with Amazon, opposes CCI raid
Aug 06, 2022, at 04:29 am
New Delhi: E-commerce seller Cloudtail India has challenged the CCI's April 28 raid on its premises, saying that Amazon has no controlling interest in it and the vendor cannot be linked to a case that was against the e-commerce platforms.
Croma celebrates 75th Independence: Great Deals on TVs, Laptops, smartphones and accessories
Aug 05, 2022, at 11:54 pm
New Delhi: To celebrate 75 years of India’s Independence, Croma, India’s first and trusted omnichannel electronics retailer from the Tata Group announces ‘Croma Independence Day Sale 2022’ starting Aug 5 bringing a host of exciting deals and offers on Smart TVs, Washing Machines, laptops, headphones, speakers, soundbars, tablets, mobile and accessories, printers, and more from Croma branded products and popular brands such as Samsung, HP, Asus, Acer, LG, Apple, Voltas, Redmi, Oppo etc.
RBI increases repo rate by 50 bps, retains FY23 growth forecast at 7.2 pc
Aug 05, 2022, at 10:47 pm
Mumbai: As widely expected, the Reserve Bank of India (RBI) on Friday increased the repo rate by 50 basis point to 5.40 per cent in a bid to tame inflation which has been above its comfort level for the past six months in a row.
Indian Market: Sensex rises 89.13 points
Aug 05, 2022, at 10:24 pm
Mumbai: The BSE Sensex on Friday rose 89.13 points at 58,387.93 following gains in technology, telecom, realty and materials stocks.
India's forex reserves grow after four weeks of decline
Aug 05, 2022, at 10:20 pm
Mumbai: India's foreign exchange reserves jumped by $2.4 billion during the week ended July 29 after falling for four consecutive months riding on the return of FPIs.
Import of non-coking coal dropped 7.5 pc YoY to 152 MT in FY22
Aug 05, 2022, at 08:22 pm
New Delhi: The total import of non-coking Coal during 2021-22 was 151.77 Million Tonnes (MT) as against 164.05 MT imported in the previous year of 2020-21, registering a decrease of 7.5 percent, according to the ministry of coal.
RBI hikes key lending rate by 50 basis points
Aug 05, 2022, at 03:52 pm
Mumbai: Reserve Bank of India Governor Shaktikanta Das on Friday announced the bank's decision to hike the key lending rate by 50 basis points to 5.4 percent with immediate effect.
RBL signs franchise agreement with Balenciaga
Aug 05, 2022, at 07:42 am
Mumbai: Reliance Brand Limited (RBL) has signed a strategic deal with Balenciaga to bring the best of global couture to the Indian market.
CCPA fines Amazon Rs 1 lakh for selling sub-standard pressure cookers
Aug 05, 2022, at 05:13 am
New Delhi: In a suo moto action, the Central Consumer Protection Authority (CCPA) has fined Amazon's e-commerce platform Rs 1 lakh for selling sub-standard pressure cookers in violation of mandatory standards.