RBI issues directive on card-less cash withdrawal
May 20, 2022, at 08:23 pm
Mumbai: The Reserve Bank of India (RBI) has asked all banks and ATM service providers to offer a cardless cash withdrawal facility
Sensex regains more than 900 pts
May 20, 2022, at 03:26 pm
Mumbai: The BSE Sensex on Friday bounced back by 991 pts at 53,783.40 in the opening session as buying was seen across the board amid positive Asian Market.
Jeep India launches Jeep Meridian at Rs 29.90 lakhs
May 20, 2022, at 02:55 am
Kolkata: Jeep Meridian was launched Thursday at an introductory price of Rs 29.90 lakhs (Ex-showroom India).
CCI allows Sanoti Properties LLP to buy shareholding in Magma HDI General Insurance Company Ltd
May 20, 2022, at 12:26 am
New Delhi: The Competition Commission of India (CCI) has approved the acquisition by Sanoti Properties LLP (Sanoti/Acquirer) of shareholding in Magma HDI General Insurance Company Limited (Magma HDI/Target)
CCI allows acquisition of majority stake in SMW Ispat Pvt Ltd by OFB Tech Pvt Ltd
May 20, 2022, at 12:13 am
New Delhi: The Competition Commission of India (CCI) approves the acquisition of the majority stake in SMW Ispat Private Limited by OFB Tech Private Limited.
CCI approves merger of Serum Institute subsidiaries Biocon Biologics and CTPL
May 20, 2022, at 12:09 am
New Delhi: The Competition Commission of India (CCI) has approved the merger by absorption of Covidshield Technologies into Biocon Biologics in consideration for the acquisition of approximately 15 percent equity shareholding of Biocon Biologics by Serum Institute Life Sciences.
May 19, 2022, at 10:54 pm
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal for empowering the Board of Directors (BOD) of the Holding / Parent Public Sector Enterprises to recommend and undertake the process for Disinvestment (both strategic disinvestment and minority stake sale) or closure of any of their subsidiaries / units / stake in JVs.
Sensex slumps by over 1,000 points
May 19, 2022, at 04:51 pm
Mumbai/UNI: The BSE Sensex Thursday crashed by 1,028 points at 53, 179.70 in the opening session as heavy selling was seen across the board.
May 19, 2022, at 04:41 pm
New Delhi/UNI: The prices of liquified petroleum gas (LPG) were increased by Rs 3.50 Thursday.
Cabinet approves Amendments to the National Policy on Biofuels -2018
May 19, 2022, at 07:59 am
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, Wednesday approved the Amendments to the National Policy on Biofuels -2018, according to a government statement.
May 19, 2022, at 07:20 am
Feature phone users can transfer money through 123PAY using IVR (interactive voice response).
ITC Q4FY22 PAT grows 11.8 pc to Rs 4,191 cr; EBITDA up 16.8 pc Rs 5,224 cr
May 19, 2022, at 06:55 am
Kolkata: ITC on Wednesday reported a consolidated profit after tax (PAT) of Rs 4,191 crore in the Q4FY22, up 11.8 percent, compared to Rs 3,748 crore in the same quarter of FY21.
Kotak Group Unveils Kotak Private – a Comprehensive Platform for UHNIs and HNIs
May 19, 2022, at 01:01 am
Kolkata: Kotak Mahindra Group today unveiled Kotak Private covering the entire gamut of solutions for ultra-high net worth individuals (UHNI) and high net worth (HNI) individuals, comprising entrepreneurs, business families, and professionals.
Kotak Alternate Assets to launch Rs 1000 crore Private Credit Fund
May 19, 2022, at 12:43 am
Kolkata: Kotak Alternate Assets, managed by Kotak Investment Advisors Limited (KIAL) today announced plans to launch a Rs 1,000 crore Private Credit Fund under the alternative investment fund (AIF) category II.
Indian Overseas Bank Q4FY22 net profit up 21.5 YoY to Rs 552 cr; FY22 doubles to Rs 1,709 crore
May 19, 2022, at 12:36 am
Kolkata: Public sector lender India Overseas Bank reported a net profit of Rs 552 crore in the quarter ended March 31, 2022, up 21.5 percent YoY compared to Rs 454 crore in the same quarter of FY21.
IndiGo appoints Pieter Elbers Chief Executive Officer, Rono Dutta retires
May 18, 2022, at 11:31 pm
New Delhi: The Board of Directors of InterGlobe Aviation Limited (IndiGo) appoints Pieter Elbers as Chief Executive Officer, subject to regulatory approvals.
Indian Market: Sensex falls 109.94 pts
May 18, 2022, at 11:10 pm
Mumbai: Snapping a gaining streak of the last two sessions, the BSE Sensex on Wednesday dropped 109.94 pts to settle at 54,208.53 on profit bookings by local operators.
Goldman Sachs likely to invest Rs 2,700 crore in PharmEasy parent: Report
May 18, 2022, at 10:32 pm
Goldman Sachs is in the advanced stages of talks to invest $350 million (Rs 2,700 crore) in API Holdings, the promoter of online pharmacy company PharmEasy, ET reported.
May 18, 2022, at 05:05 pm
Mumbai/UNI: The BSE Sensex on Wednesday surged 286 pts at 54,604.54 in the opening session as buying was seen across the board.
Netflix lays off 150 US-based jobs
May 18, 2022, at 05:03 pm
Washington/UNI: Netflix has laid off about 150 employees a month after it announced loss of subscribers for the first time in a decade.
May 18, 2022, at 02:38 pm
New Delhi: Petrol and diesel prices remained unchanged for the 42nd day in a row on Wednesday.
India's mineral production goes up by 4 percent in March 2022
May 17, 2022, at 11:58 pm
New Delhi: The index of mineral production of mining and quarrying sector for the month of March, 2022 (Base: 2011-12=100) at 144.6, was 4.0 percent higher as compared to the level in March, 2021.
Indian Market: Sensex rallied 1,344.63 points
May 17, 2022, at 09:47 pm
New Delhi: The BSE Sensex on Tuesday soared 1,344.63 points to close at 54,318.47 on positive global cues.
Tata Power partners with Hyundai Motor India to power-up EV-charging Infrastructure in India
May 17, 2022, at 07:33 pm
Tata Power, one of India's largest integrated power companies and a leading EV charging infrastructure provider, has entered into a strategic partnership with Hyundai Motor India Ltd. (HMIL).
SpiceJet appoints Anil Singla as Vice President and Head of Engineering
May 17, 2022, at 07:23 pm
Gurugram/IBNS: Indian airline SpiceJet has announced the appointment of Anil Singla as Vice President and Head of Engineering.
Adani Group to acquire 49 percent stake in digital news platform Quint
May 17, 2022, at 06:12 pm
Mumbai/IBNS: Indian billionaire Gautam Adani's Adani Group is set to acquire 49 percent stake in Raghav Bahl-run digital business news platform Quintillion Business Media, popularly know as The Quint, media reports said.
Indian Market: Sensex up over 300 pts
May 17, 2022, at 04:02 pm
Mumbai: The BSE Sensex on Tuesday gained 343 pts at 53, 317.50 in opening session as buying was seen across the board.
Pawan Hans sale put on hold after NCLT order against winning consortium member
May 17, 2022, at 05:36 am
New Delhi: Government has put on hold the sale of Pawan Hans as it is scrutinizing the legal aspects of an NCLT order on Alamas Global, which is one of the members of the winning consortium, according to reports.
At least 59 pc of inflation increase due to war impact: SBI report
May 17, 2022, at 04:57 am
At least 59 percent of the increase in inflation is because of geopolitical conflict. Against the continued increase in inflation, it is now almost certain that RBI will raise rates in the forthcoming June and August policy and will take it to the pre-pandemic level of 5.15 percent by August.
May 17, 2022, at 04:54 am
Kolkata/IBNS: The Ambassador of the Grand-Duchy of Luxembourg Peggy Frantzen highlighted green finance, space, Artificial Intelligence (AI), and health as potential areas of collaboration with India.