Govt imposes 40% duty on onion import
Aug 20, 2023, at 02:48 am
New Delhi: The government has imposed a 40 percent duty on the import of onion till December 31, the Ministry of Finance said on Saturday.
Barclays revamps top management in India with new appointments: Report
Aug 20, 2023, at 02:37 am
Mumbai: Barclays Plc on Friday announced the appointment of new executives to its top management in India, which is a major overseas market for the lender.
Aug 19, 2023, at 08:02 am
Mumbai: The Competition Commission of India (CCI) has imposed a penalty of Rs 40 lakh on Axis Bank for its failure to inform the regulator about its acquisition of a stake in CSC e-Governance, media reports said.
Flipkart co-founder Binny Bansal to create a new start-up: Report
Aug 19, 2023, at 06:29 am
Mumbai: Binny Bansal, who recently divested his remaining stake in the e-commerce giant Flipkart, is actively working on launching a new startup, Moneycontrol reported.
NLC India enters into long-term power usage agreement for 300 MW solar project with Rajasthan
Aug 19, 2023, at 06:19 am
New Delhi: Navratna public sector undertaking NLC India Ltd entered into Long Term Power Usage Agreement with Rajasthan Urja Vikas Nigam Ltd for the supply of 300 MW of Solar Power under the CPSU Scheme at Rajasthan, the Ministry of Coal said on Friday.
Moody's affirms Baa3 rating for India; raises concerns over political challenges
Aug 19, 2023, at 04:52 am
New Delhi: Moody's Investors Service on Friday affirmed its Baa3 rating for India and upheld the stable outlook, media reports said.
Axis Bank partners with RBI Innovation Hub to launch Kisan Credit cards and MSME loans
Aug 19, 2023, at 03:36 am
Kolkata: Axis Bank on Thursday announced the launch of two lending products powered by the Public Tech Platform for Frictionless Credit (PTPFC), introduced by the Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the RBI.
Mercedes-Benz invests over Rs 100 cr to make its best-selling SUV, GLC, in India
Aug 19, 2023, at 03:01 am
Hyderabad: Mercedes-Benz has invested 12 million euros (Rs 100 plus crore) in to manufacture in India its best-selling five-seater SUV, the GLC.
RBI issues guidelines to recalibrate floating rate loan EMI
Aug 19, 2023, at 02:56 am
Mumbai: The Reserve Bank of India (RBI) on Friday released comprehensive guidelines for the recalibration of interest rates for equated monthly installments (EMIs) in floating interest loans.
Bihar: NTPC commissions unit-2 of Barh Super Thermal Power Project
Aug 19, 2023, at 01:48 am
R K Singh, Union Minister of Power, New and Renewable Energy, on Friday, dedicated the 660 MW Unit#2 of Barh Super Thermal Power Project at Barh in Patna, Bihar.
Bajaj Finance Fixed Deposits cross Rs 50,000 crore
Aug 19, 2023, at 01:35 am
Bajaj Finance Limited, a Non-Banking Financial Company, and part of Bajaj Finserv, on Friday said its Fixed Deposits book had crossed a milestone of Rs. 50,000 crore.
InsurTech major Renew Buy closes US$ 40million as a part of its Series D fund raise
Aug 19, 2023, at 01:30 am
InsurTech major, RenewBuy has closed US$ 40 million fund raise, in a series D funding round; from Japanese insurance major, Dai-ichi Life Holdings Inc.
Aug 19, 2023, at 01:25 am
Ice Make Refrigeration Limited, a prominent manufacturer of more than 50 refrigeration equipment in India, said it registered strong financial results for the first quarter of FY 2024, ending on June 30, 2023.
Bandhan Mutual Fund launches Nifty IT Index Fund
Aug 19, 2023, at 01:19 am
Bandhan Mutual Fund announced the launch of the Bandhan Nifty IT Index Fund, an open-ended equity scheme tracking Nifty IT index, with an aim to capture the growth potential of the Indian Information Technology (IT) sector.
Shyam Metalics and Energy Limited strengthens leadership with New Board Members
Aug 19, 2023, at 01:14 am
Shyam Metalics and Energy Limited (SMEL), an integrated metal-producing company headquartered in Kolkata, recently announced the appointment of Shashi Kumar and Malay Kumar De as the new members of its Board of Directors as Additional Directors in the capacity of Independent Directors.
Shriram AMC to launch multi-asset allocation fund today
Aug 18, 2023, at 08:16 pm
Shriram Asset Management Company, part of the Shriram Group, will launch the Shriram Multi Asset Allocation Fund on Friday.
Fixed Deposits for NRI Investors: Tax Implications and Repatriation Rules
Aug 18, 2023, at 07:59 pm
Fixed deposit accounts have been great investment tools for Non-Resident Indians (NRIs) seeking stability and predictable returns. These accounts offer a secure way to grow your money while keeping it easily accessible. However, before you embark on your investment journey, it's crucial to understand the tax implications and repatriation rules associated with NRI fixed deposits. In this comprehensive guide, we will explore the considerations for NRIs looking to invest in fixed deposits.
Bank of Baroda opens 251 new Gold Loan Shoppes
Aug 18, 2023, at 05:07 pm
Mumbai: Bank of Baroda on Thursday announced the launch of 251 new Gold Loan Shoppes across the country.
Godrej launches hair colour shampoo at Rs 15
Aug 18, 2023, at 05:02 pm
Hair colour manufacturer Godrej Consumer Products Ltd (GCPL) has launched a new shampoo hair colour brand ‘Godrej Selfie’ at Rs 15.
Vivriti Capital Ltd to raise Rs 500 cr via NCD; issue openson Aug 18
Aug 18, 2023, at 04:59 pm
Mumbai: Non-banking financial company (NBFC) Vivriti Capital Ltd today announced its first public issue of non-convertible debentures (NCDs) on Friday (Aug 18) to raise up to Rs 500 crore.
Mumbai is currently the most expensive Indian city to live in: Survey
Aug 18, 2023, at 03:31 pm
Mumbai has been ranked as the most expensive city to live in India, as per a news report released by leading property consultant Knight Frank India.
Govt mulls stake sale in Indian Railway Finance Corp through OFS route: Report
Aug 17, 2023, at 07:39 am
New Delhi: The government is considering selling a portion of its stake in the state-owned Indian Railway Finance Corp (IRFC) during the current fiscal year through an offer for sale (OFS), a report in the media said.
Retail inflation jumps to 7.44 pc in July; crosses RBI's upper tolerance band
Aug 17, 2023, at 05:58 am
New Delhi: India's retail inflation measured by the consumer price index (CPI) shot up to 7.44% year-on-year in July 2023 driven primarily by high food prices.
Hyundai inks APA for acquiring General Motors India’s assets in Maharashtra's Talegaon Plant
Aug 17, 2023, at 05:41 am
Chennai: Automobile major Hyundai Motor India Ltd (HMIL) on Wednesday signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets of General Motors India’s (GMI) Talegaon plant in Maharashtra.
Troubled airline Go First faces fresh challenge as more employees resign
Aug 17, 2023, at 05:07 am
Mumbai: Grounded airline Go First is witnessing a high rate of attrition amid its attempts to restart operations, media reports said.
Cabinet approves Rs 58,000 cr PM e-Bus Sewa, Vishwakarma scheme also cleared
Aug 17, 2023, at 04:57 am
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, approved PM e-Bus Sewa on Wednesday with an estimated cost of Rs 57,613 crore.
Crisil projects Indian economy to grow at 6 pc in FY24
Aug 17, 2023, at 04:46 am
New Delhi: Noting that global slowdown and erratic monsoon could affect the direction of industrial growth in coming months, rating and research firm Crisil on Wednesday said that the Indian economy would grow at 6% in the current financial year.
Meghalaya pineapples exported to Abu Dhabi
Aug 16, 2023, at 08:45 pm
Riding on the efforts of Jamge Integrated Village Cooperative Society (IVCS) and the State government, pineapples from Meghalaya are currently being exported to Abu Dhabi.
Punjab: Bathinda entrepreneurs reap benefits of central government schemes
Aug 15, 2023, at 11:52 pm
Bathinda: The Prime Minister’s Employment (PME) Scheme and the Prime Minister Food Processing (PMFP) Scheme seem to have started yielding good results in Punjab’s Bathinda region, with entrepreneurs in the district claiming of making huge profits within a year after implementation of the two schemes.
Aug 15, 2023, at 04:02 am
Mumbai/IBNS: Maharashtra has topped the ranking in overall fiscal health closely followed by Chhattisgarh, one of the poorest states in the country, while West Bengal, Kerala, and Punjab are at the bottom positions in a report published by a foreign brokerage.