3,00,000th Tata Nexon rolls out of the Ranjangaon facility
Feb 28, 2022, at 10:32 pm
Mumbai: Automobile giant Tata Motors on Monday celebrated the roll – out of the 3,00,000th Nexon – India’s first GNCAP 5star rated car, from its Ranjanga on facility in Pune.
Russia-Ukraine war: Rouble tanks to all-time low as market opens
Feb 28, 2022, at 07:53 pm
Moscow/UNI: The Rouble currency dipped to an all-time low versus the US dollar on Monday as markets opened for trading on the first day after western nations punished Russia with economic sanctions for its invasion of Ukraine.
BP exits its 20 pc stake in Russian oil giant Roseneft in wake of Ukraine invasion
Feb 28, 2022, at 06:52 am
British energy giant BP said Sunday it plans to offload a 19.5 percent stake in oil Russian company Rosneft (ROSN.MM) in the wake of Russia's invasion of Ukraine, media reports said.
Airtel shareholders clear Google's investment in company
Feb 28, 2022, at 06:04 am
Mumbai: Bharti Airtel shareholders have given their nod to the issue of equity shares by the firm to Google on “a preferential basis” after the US-based tech giant’s recent acquisition of a 1.28 percent stake in the telco for $700 million.
Airport infra sect to attract Rs 2.3 trn by 2030: Report
Feb 28, 2022, at 04:08 am
Mumbai/UNI: The greenfield airports infrastructure market in India is likely to attract Rs 2.3 trillion investment in the next eight years with Russia and Ukraine crisis expected to have only a short-term impact on the aviation industry, says Praxis Global Alliance.
Export of guavas sees a surge, records growth of 260 pc since 2013
Feb 28, 2022, at 03:54 am
New Delhi/UNI: The export of guavas from India has seen a growth of 260 percent since 2013, an official statement said on Sunday.
CCEA approves common e-auction of coal for power & non-power coal users
Feb 27, 2022, at 08:15 am
Mumbai/UNI: In a major relief to the non-power coal users the Cabinet Committee on Economic Affairs (CCEA) on Saturday approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.
Cabinet approves up to 20 pc FDI in IPO-bound LIC
Feb 27, 2022, at 12:18 am
New Delhi/UNI: The Union Cabinet on Saturday cleared upto 20 per cent foreign direct investment (FDI) under automatic route in Life Insurance Corporation of India (LIC), official sources said.
CBI arrests Anand Subramanian in NSE case
Feb 26, 2022, at 08:24 am
New Delhi/UNI: The Central Bureau of Investigation (CBI) has arrested Anand Subramanian, former Group Operating Officer (GOO) and advisor to former National Stock Exchange (NSE) MD Chitra Ramkrishna tightening the noose around accused in the case of major corporate governance lapses.
Ukraine-Russia conflict: Indian govt could lose Rs 1 trillion revenue, says SBI report
Feb 26, 2022, at 08:10 am
Kolkata/UNI: The Indian Government could incur a revenue loss of Rs 95,000 crore to Rs 1 lakh crore for FY23 because of rising oil prices in the backdrop of the continuing Russia-Ukraine conflict, a State Bank of India research report said on Friday.
Govt sets up helpdesk for exporters in the wake of Russia-Ukraine crisis
Feb 26, 2022, at 08:03 am
New Delhi/UNI: In view of difficulties faced by exporters arising out of Russia-Ukraine crisis, Commerce Ministry has set up a helpdesk to support and seek suitable resolutions to issues related to trade.
Russia's Ukraine blitz sends oil prices soaring, dampening hopes of post-Covid economic recovery
Feb 26, 2022, at 07:24 am
Crude oil prices crossed the $100 per barrel mark after Russia launched a military attack on Ukraine on Thursday, media reports said.
India's GDP may expand at 9.5 pc in 2022: Moody's
Feb 26, 2022, at 04:52 am
India may grow at 9.5 percent during the current calendar year from 7 percent predicted earlier, Moody's Investors Service said Thursday, citing a stronger-than-expected economic recovery in the post-Covid period from the national lockdown of 2020 and third wave of Covid.
Russia-Ukraine crisis: Crypto markets feel the heat
Feb 26, 2022, at 03:34 am
While the economies across the world are bracing for a tough period following the Russia-Ukraine crisis, the global crypto markets are already feeling the heat, sliding more than 11 percent, said media reports.
Policy for Promotion of FI in Industrial Sector in JK- 2022 approved
Feb 26, 2022, at 01:09 am
Jammu/IBNS: The Administrative Council (AC) which met under the chairmanship of the Lieutenant Governor, Manoj Sinha on Wednesday approved the Policy for Promotion of Foreign Investment in the industrial sector in Jammu and Kashmir 2022.
Indian Market: Sensex jumps 1328.51 points
Feb 25, 2022, at 11:29 pm
New Delhi: Snapping a losing streak of the last seven sessions, the BSE Sensex on Friday rallied 1328.51 points to close at 55,858.52 on positive global cues.
Feb 25, 2022, at 11:02 pm
Mumbai: Tata Sons may review the appointment of new Air India CEO and MD Turkish national Ilker Ayci over potential hindrances in security clearance, media reports said.
Tata Steel moves up 6.54 per cent to Rs 1145.20
Feb 25, 2022, at 10:27 pm
Mumbai: Tata Steel on Friday spurted 6.54 per cent to Rs 1145.20 a major gainer in 30 scrips of BSE.
Feb 25, 2022, at 08:34 pm
Kolkata: Tata Steel has successfully shipped nearly 1,800 tonnes of finished steel products from Haldia Port in West Bengal to Pandu Port in Assam using the Indo-Bangladesh Protocol (IBP) route via Brahmaputra River, the company said in a statement.
Sensex recovers over 1,300 points
Feb 25, 2022, at 04:29 pm
Mumbai/UNI: Snapping a losing streak of the last seven sessions, the BSE Sensex on Friday jumped 1355 points at 55,884 in the opening session on positive global cues.
Indian pharma companies worried over impact of Russia-Ukraine crisis
Feb 25, 2022, at 07:37 am
The Indian pharma sector may take a hit because of Russia-Ukraine crisis and and sanctions against Russia by many western countries including the US, media report said.
UK PM Boris Johnson announces largest ever sanctions targeting Russian entities, wealthy individuals
Feb 25, 2022, at 06:26 am
In a slew of economic sanctions against Russia, UK Prime Minister Boris Johnson announced measures targeting banks, members of President Vladimir Putin's closest circle and wealthy Russians who enjoy high class London lifestyles, Reuters reported.
Ukraine-Russia situation can hit oil & gas, essential commodities: Ex-RBI governor Raghuram Rajan
Feb 25, 2022, at 05:12 am
Former RBI governor Raghuram Rajan in an exclusive interview to CNBC-TV18 said Russia's invasion of Ukraine can create difficulties for countries dependent on supply of gas and commodities from the region.
Sensex plunges 2,702.15 points following Russian invasion of Ukraine
Feb 25, 2022, at 12:33 am
Mumbai/UNI: The Indian equity market witnessed a bloodbath on Thursday as the Sensex plummeted 2,702 points, below 55K to 54,529.91, following Russia's invasion of Ukraine.
West Bengal Cold Storage Association organises 57th AGM
Feb 24, 2022, at 11:31 pm
Kolkata/IBNS: West Bengal Cold Storage Association has organised the 57th Annual General Meeting in the Howrah district of the state.
ABG Shipyard case: Auditor had settled fund diversion case with Sebi, says report
Feb 24, 2022, at 09:27 pm
The auditor of troubled ABG Shipyard had settled a fund diversion investigation initiated by the Securities and Exchange Board of India (SEBI) by paying a small settlement fee in 2019, media reports said.
India's clean energy export likely to rise to $500 billion in next 20 yrs: Mukesh Ambani
Feb 24, 2022, at 06:22 am
India's export of clean energy is likely to rise to $500 billion over the next 20 years, emerging as a global green energy superpower, Reliance Industries chairman Mukesh Ambani said Wednesday, according to media reports.
ABG Shipyard case: Company directors under CBI's scanner, diverted funds through 38 overseas firms
Feb 24, 2022, at 04:48 am
Directors of ABG Shipyard, which is being investigated by Central agencies for allegedly defrauding a consortium of banks to the tune of Rs 22,482 crore, are under the scanner for their role in diverting money, media reports said.
Dollar swap to help RBI manage balance sheet
Feb 24, 2022, at 03:45 am
Mumbai: The Reserve Bank of India’s $5 billion two-year sell/buy swap is a positive step in improving its position in multiple ways, according to analysts.
Mahindra Finance launches Special Deposit Schemes for digitally affluent customers
Feb 23, 2022, at 10:47 pm
New Delhi: Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, a non-banking finance company focused on rural and semi-urban sector, on Wednesday announced the launch of a Special Deposit Scheme.