PNB reports Rs 2,060 cr fraud in NPA account of ITPCL
Mar 16, 2022, at 07:26 am
Punjab National Bank (PNB) Tuesday reported a fraud of Rs 2,060 crore in the NPA account of IL&FS Tamil Nadu Power Company Limited (ITPCL).
Zomato to lend $150 million loan to cash-strapped Blinkit
Mar 16, 2022, at 06:28 am
Zomato is going to infuse $150 million in debt to rescue quick commerce startup Blinkit, the company said in a stock filing on March 15.
Tata Motors to invest Rs 15,000 cr in EV in 5 years: Report
Mar 16, 2022, at 04:21 am
Tata Motors is looking to expand in the EV segment with an investment of Rs 15,000 crore in the next five years, media reports said citing top company officials.
Poultry industry revenue to grow: ICRA
Mar 16, 2022, at 01:13 am
New Delhi/UNI: The revenue of the Indian poultry industry is expected to grow at 5-6 per cent in financial year 2022, compared to 2-3 per cent growth witnessed by ICRA's sample set of 10 large poultry integrators in FY 2021, the rating agency said on Tuesday.
RBI working on phased implementation of digital currency: Minister
Mar 16, 2022, at 12:12 am
New Delhi/UNI: The Reserve Bank of India (RBI) is currently working towards a phased implementation strategy for introduction of Central Bank Digital Currency (CBDC), Minister of State for Finance Pankaj Chaudhary said on Tuesday.
Indian Rupee falls 5 paise against USD
Mar 15, 2022, at 11:02 pm
Mumbai: The Rupee on Tuesday declined five paise to close at 76.61 on rising demand for the US Dollar by bankers and importers, dealers at the Foreign Exchange said.
EV makers should lower costs: Goyal
Mar 15, 2022, at 10:26 pm
Mumbai/UNI: Union Minister for Commerce and Industry Piyush Goyal on Tuesday said that electric vehicle manufacturers in India will have to leverage low-cost manufacturing and try to grab a dominant share of the global EV market.
Tata Steel slips down by 4.89 pc to Rs 1233.65
Mar 15, 2022, at 10:15 pm
Mumbai: Tata Steel on Tuesday slipped 4.89 per cent to Rs 1233.65, a major loser in 30 scrips of the BSE. Other losers were Kotak Bank by 3.05 pc to Rs 1734.40, Tech Mahindra by 2.92 pc to Rs 1459.05, Infosys by 2.73 pc to Rs 1839.15 and Reliance Industries by 2.28 pc to Rs 2363.45.
Indian Market: Sensex plunges 709.17 points
Mar 15, 2022, at 10:13 pm
Mumbai: The BSE Sensex on Tuesday dropped 709.17 points to settle at 55,776.85 due to weak global cues.
Auto PLI gets investment proposals worth Rs 75K crore, exceeds govt expectations
Mar 15, 2022, at 09:32 pm
New Delhi/UNI: The production linked incentive (PLI) scheme for auto & auto components has attracted investment proposals of Rs 74,850 crore against the target estimate of Rs 42,500 crore over a period of five years.
Toyota Kirloskar Motor launches The Cool New Toyota Glanza
Mar 15, 2022, at 08:53 pm
Kolkata/IBNS: Toyota Kirloskar Motor (TKM) on Tuesday announced the launch of its most exciting and much-awaited offering in the hatchback segment, The Cool New Glanza.
Govt seeks parliament's nod for Rs 1.58 lakh crore additional spend in FY22
Mar 15, 2022, at 08:45 pm
New Delhi/UNI: The government has sought parliament's approval for additional spending to the tune of Rs 1.58 lakh crore in its third and final supplementary demand for the financial year 2021-22.
Buying a used car? Know all about transferring ownership and insurance documents
Mar 15, 2022, at 05:58 pm
Going the pre-owned way has become the popular choice among car buyers over the past few years. While new-car owners usually have to take a massive hit in terms of depreciation, going the pre-owned way reduces the impact substantially. While finding a used vehicle is easy, transferring its ownership and insurance documents can be an arduous task. This essentially entails ownership amendments to the registration certificate of the vehicle. To complete the process of transfer of ownership, the car must at least have a valid third-party car insurance policy, like an ACKO car insurance plan. You can go through the following insights to better understand the nitty-gritties of this process.
Power Mech taps on Jal Jeevan Mission opportunity for growth
Mar 15, 2022, at 09:14 am
Kolkata/IBNS: Infrastructure construction company Power Mech Projects Limited Monday announced winning orders worth Rs. 2120 crore under Jal Jeevan Mission (JJM) program.
Tata Sons' chief Natrajan Chandrasekaran appointed chairman of Air India
Mar 15, 2022, at 12:53 am
New Delhi/IBNS: Tata Sons' chief Natrajan Chandrasekaran has been appointed as the chairman of Air India, Tata Group announced Monday after the board's confirmation.
Mar 14, 2022, at 11:45 pm
New Delhi: Paytm Payments Bank on Monday refuted media reports which claimed that data leak to Chinese firms are completely false, inaccurate and unverified.
Infosys moves up 3.76 pc to Rs 1,890.80
Mar 14, 2022, at 11:22 pm
Mumbai: Infosys on Monday surged 3.76 per cent to Rs 1,890.80, a major gainer in the 30 scrips of the Bombay Stock Exchange (BSE).
Indian Market: Sensex surges 935.72 points
Mar 14, 2022, at 10:25 pm
Mumbai: The equity market remained on top for the fifth consecutive session as BSE Sensex on Monday spurted 935.72 points, breaching the 56K level at 56,486.02 on the strength of bankex, IT and finance stocks despite weak global cues and rising domestic wholesale inflation.
Mar 14, 2022, at 08:20 pm
Kolkata/IBNS: Micro, Small & Medium Enterprises (MSMEs) have been a major source of employment and revenue for India yet professional assistance and credit aid is out of reach for many, a top MSME Development Forum official said.
MSME Development Forum's new team launched in West Bengal
Mar 14, 2022, at 07:39 pm
Kolkata/IBNS: The grand launch of a new team of MSME (Micro, Small & Medium Enterprises) Development Forum, West Bengal and felicitation of Dr. Mamta Binani as the president of MSME Development Forum took place last week.
SASMOS signs MoU with HAL and NAeL to work together in aerospace domain
Mar 14, 2022, at 07:11 pm
Kolkata/IBNS: SASMOS HET Technologies Limited, a Bangalore-based manufacturer and developer of Electrical, Electromechanical and Electronics integrated solutions, has signed a Memorandum of Understanding (MoU) with Indian state-owned aerospace and defence company Hindustan Aeronautics Limited (HAL) and its wholly-owned subsidiary Naini Aerospace Limited (NAel).
Mar 14, 2022, at 04:25 am
New Delhi: Indian Railways Finance Corp (IRFC) has decided to raise $1.1 billion (about 130 billion yen, or Rs 8,440 crore) through a yen-denominated syndicated offshore loan to finance the green initiatives of the India Railways, ET reported.
Centre invites applications from drone industry for PLI scheme
Mar 13, 2022, at 06:51 pm
New Delhi/IBNS: The government has invited applications from drone industry for Production Linked Incentive (PLI), Ministry of Civil Aviation said.
India, Canada formally decide to expedite talks on Free Trade Agreement
Mar 13, 2022, at 03:50 pm
New Delhi/Ottawa: India and Canada have decided to quicken the pace of talks to consider a Free Trade Agreement (FTA) to boost bilateral trade along with an early harvest deal, according to an official statement.
Reserve Bank of India lifts restriction on HDFC Bank's business generating activities
Mar 12, 2022, at 10:08 pm
New Delhi: Private lender HDFC Bank on Saturday said that the Reserve Bank of India (RBI) has lifted the restriction on the business generating activities planned under the Bank's Digital 2.0 programme.
EPFO slashes rates to 8.1 pc for 2021-22 fiscal year
Mar 12, 2022, at 08:07 pm
New Delhi: In what may be seen as a major setback for millions of middle-class Indians, especially amid the rising inflation, state-run Employees Provident Fund Organisation (EPFO) on Saturday slashed the interest rates to 8.1 per cent for the fiscal year 2021-22.
Indian Market: Sensex up 85.91 pts
Mar 11, 2022, at 09:55 pm
Mumbai: The BSE Sensex on Friday advanced 85.91 pts to close at 55,550.30 following gains in Health Care, Materials, Metal and Oil and Gas stocks amid positive European market.
India becomes the fifth most valued stock market
Mar 11, 2022, at 08:48 pm
Mumbai: India is now the fifth most valued stock market ahead of the United Kingdom, Canada and Saudi Arabia.
Russia retaliates against Western sanctions with export bans: Report
Mar 11, 2022, at 08:09 pm
Russia has retalited to the western sanctions to isolate it for invading Ukraine by imposing export bans on a host of products until the end of 2022, BBC reported.
Ukraine War: Mukesh Ambani's RIL supplying diesel to Europe from Jamnagar refinery
Mar 11, 2022, at 07:06 pm
Mukesh Ambani-led Reliance Industries is sending shipments of diesel to Europe amid a global energy crunch spurred by Russia’s invasion of Ukraine, media reports said.