Indian market experiences Monday blues after Sensex tanks 670.83 pts
Jan 08, 2024, at 11:36 pm
Snapping a winning streak of the last two sessions, the BSE Sensex on Monday dropped 670.83 pts to settle at 71,355.24 as selling was witnessed in FMCG, Metal, Bankex and Financial Services stocks.
Narendra Modi government's Interim Budget likely to set nominal GDP growth at 10-10.5 pct
Jan 08, 2024, at 11:30 pm
The Indian government will present its interim budget on Feb 1, just months before the country is expected to vote in the Lok Sabha polls this year.
As India surges ahead in digital payments, US plays catch-up
Jan 08, 2024, at 11:18 pm
Gene Bradford opens up his shop, West Main Auto Repair, each morning at 8 a.m in Lexington, Georgia (USA). He’s lived in the small, close-knit community of Oglethorpe County for years now, and has come to know his customers’ personalities, mannerisms – and preferred forms of payment.
Tata Punch EV prices leaked from website ahead of launch: Company calls it technical glitch
Jan 08, 2024, at 02:33 am
Mumbai: The prices of Punch.ev have apparently leaked from Tata’s booking portal, according to many buyers who booked Punch EV, a report said.
Zomato delivery agents tipped Rs 97 lakhs by customers this New Year
Jan 07, 2024, at 08:18 pm
Mumbai: This New Year's Eve, apart from the restaurants, bakeries and other food joints, those delivering food from these establishments to the doorstep of the customers also benefited from the celebrations as people decided to make generous tips to delivery executives.
Vietnamese EV major VinFast plans to invest USD 2 billion in Tamil Nadu
Jan 07, 2024, at 07:47 pm
Vietnamese EV manufacturer VinFast and the Tamil Nadu government in southern India have inked a Memorandum of Understanding (MoU) to charge the development of green transportation in India.
India's forex reserve touches the highest level in 21 months
Jan 06, 2024, at 11:22 pm
India's foreign exchange reserves rose from $2.759 billion to $623.20 billion in the week which ended on December 29.
REC Ltd & Bank of Baroda sign MoU to finance power, infrastructure and logistics projects
Jan 06, 2024, at 08:28 am
New Delhi: REC Limited, a Maharatna CPSE under the Ministry of Power, signed a Memorandum of Understanding (MoU) with public sector lender Bank of Baroda, on Friday.
Volvo Car India reports 31% YoY sales growth in 2023
Jan 06, 2024, at 08:24 am
Kolkata: Volvo Car India registered a 31% increase in overall sales compared to the previous fiscal year, according to a press release on Friday.
Shree Cement announces a new brand identity with ‘Bangur’ as the master brand
Jan 06, 2024, at 08:22 am
Kolkata: Shree Cement Limited has announced a revamp of its corporate brand identity and launched multiple brand offerings, with ‘Bangur’ as the master brand, a press release said.
Govt projects FY24 GDP growth at 7.3%
Jan 06, 2024, at 07:42 am
New Delhi: India's gross domestic product (GDP) is projected to grow by 7.3 percent in 2023-24, surpassing the 7.2 percent recorded in the previous fiscal year, the Ministry of Statistics and Programme Implementation said Friday.
Tata Motors introduces first EV architecture 'acti.ev'
Jan 06, 2024, at 06:13 am
Mumbai: Tata Passenger Electric Mobility (TPEM) Friday introduced its first EV architecture named ‘acti.ev’ meant to underpin future products from the TPEM portfolio.
India taking measures to secure merchant ships amid rise in attacks in the Red Sea region: Report
Jan 06, 2024, at 05:50 am
New Delhi: Amid the recent surge in attacks in the Red Sea region, a senior government official on Friday said that the Indian government is ensuring the security of shipments on the open seas, a media report said.
Jan 06, 2024, at 05:11 am
Mumbai: Tata Steel India on Friday said that its crude steel production reached 5.32 million tons, up 6% on QoQ as well as YoY basis.
Gautam Adani beats Mukesh Ambani as the richest Indian within a year of Hindenburg allegations
Jan 06, 2024, at 04:42 am
Mumbai: Adani Group Chairman Gautam Adani is back at the top of the list of richest Indians, surpassing Reliance Industries Chairman Mukesh Ambani, media reports said.
Narayan Murthy backs his '70-hour work per week' stance despite flak
Jan 05, 2024, at 06:21 pm
Mumbai/IBNS: Infosys co-founder Narayan Murthy has backed his own statement where he advocated work for 70 hours per week, snubbing the backlash which he received from some quarters.
India's services PMI rises to 59.0 in December from 56.9 in November
Jan 05, 2024, at 05:50 pm
New Delhi/UNI: India's services activities continued growth momentum and picked up in December 2023 on the back of new businesses and strong demand.
Vietnamese company VinFast to make EV batteries in India
Jan 05, 2024, at 05:13 am
Chennai: Vietnamese electric vehicle manufacturer VinFast is preparing to open its first manufacturing facility in India to produce batteries, media reported.
Jan 05, 2024, at 04:36 am
The Indian Toy industry witnessed remarkable growth in FY 2022-23 in comparison to FY 2014-15, with a decline in imports by 52%, a rise in exports by 239% and a development of the overall quality of the Toys available in the domestic market.
HDFC Mutual Fund opens 24 new branches to bolster Mutual Fund penetration
Jan 05, 2024, at 04:31 am
Mumbai: HDFC Mutual Fund has opened 24 new branches across India as a strategic expansion initiative aimed at increasing penetration of mutual funds in India, a press release said on Thursday.
OALP round-IX launched; ONGC wins 7, Reliance-BP one oil, gas blocks in round-VIII bid
Jan 04, 2024, at 08:50 am
New Delhi: The Ministry of Petroleum and Natural Gas (MoPNG) Wednesday signed contracts for 10 blocks awarded under Open Acreage Licensing Policy (OALP) bid round-VIII and three Coal Bed Methane (CBM) blocks awarded under Special CBM bid round-SCBM 2022.
Motorola Mobility India appoints T.M. Narasimhan as MD of Mobile Business Group
Jan 04, 2024, at 08:11 am
Mumbai: Motorola Mobility India Wednesday announced the appointment of T.M. Narasimhan as the Managing Director for Mobile Business Group - India.
India emerges as fastest growing large economy globally in CY2023-CY 2024: Report
Jan 04, 2024, at 08:05 am
Mumbai: The Indian Equity Market has emerged as one of the best-performing markets in the last two years, according to a report by Pantomath Financial Services Group.
Jan 04, 2024, at 07:50 am
Mumbai: Adani Ports and SEZ, the port and logistics division of the Adani Group, on Wednesday announced a restructuring in its leadership.
GAIL and TruAlt Bioenergy announce $72 million investment through Compressed Bio Gas JV
Jan 04, 2024, at 06:10 am
Delhi/Bengaluru: The government-owned natural gas company GAIL (India) Ltd and the leading ethanol producer in India, TruAlt Bioenergy Ltd, have agreed to GAIL investing in TruAlt's joint venture, Leafinti Bioenergy Ltd.
PM Modi inaugurates Rs 1,072 cr Kochi-Lakshadweep Islands Submarine Optical Fibre Connection
Jan 04, 2024, at 04:21 am
Kavaratti (Lakshadweep): Prime Minister Narendra Modi on Wednesday inaugurated the Kochi-Lakshadweep Islands Submarine Optical Fibre Connection (KLI-SOFC) project among various developmental initiatives worth more than Rs 1,150 crore in Lakshadweep’s capital Kavaratti.
Air India appoints P. Balaji as Group Head GRC & Corporate Affairs
Jan 04, 2024, at 02:40 am
Gurugram: Air India Wednesday announced the appointment of P. Balaji in a newly created role of Group Head- Governance, Regulatory, Compliance (GRC) and Corporate Affairs.
Adani Ports to raise up to Rs 5,000 cr via non-convertible debentures
Jan 04, 2024, at 02:19 am
Mumbai: The board of directors of Adani Ports and Special Economic Zone Limited approved the raising of funds up to Rs 5,000 crores through public issuance of non-convertible debentures of the face value of Rs1,000 each amounting up to Rs 5,000 crore through one or more tranches, the company informed stock exchanges on Wednesday.
Jan 04, 2024, at 12:28 am
Honda Motorcycle & Scooter India on Wednesday said the company’s total sales for December’23 stood at 3,17,123 units.
Bajaj Finance Ltd offers up to 8.85 percent to Digital Fixed Deposit subscribers
Jan 03, 2024, at 11:54 pm
Financial service major Bajaj Finance Ltd., part of Bajaj Finserv on Wednesday announced the launch of Digital Fixed Deposit (FD), offering exclusive rates of up to 8.85 percent on deposits booked via its App and Website.