Cabinet clears 4 pct hike in DA for central govt employees
Mar 25, 2023, at 03:50 am
New Delhi/IBNS: The Union Cabinet chaired by Prime Minister Narendra Modi on Friday has given its approval to release an additional instalment of Dearness Allowance (DA) to central governments employees and Dearness Relief to Pensioners with effect from Jan 1 of this year.
Kotak’s Manufacturing Fund completes 1 year
Mar 25, 2023, at 03:39 am
Kolkata: Kotak Mahindra Asset Management Company Ltd (Kotak Mahindra Mutual Fund) has announced that its Kotak Manufacture in India Fund has completed 1 year since its launch in February 2022. This Fund was launched for investors to participate in the “Make in India” & “China+1” thrust on the manufacturing sector.
45 defence sector companies/JVs operating with foreign OEMs have govt approval
Mar 25, 2023, at 03:14 am
New Delhi/IBNS: The government has given approval to 45 companies/JVs operating in the defence sector with foreign OEMs.
Paytm UPI LITE active on these 10 banks
Mar 25, 2023, at 03:10 am
India’s homegrown Paytm Payments Bank has enabled real-time lightning-fast UPI payments in one-tap via Paytm UPI LITE.
Jammu and Kashmir Trade Promotion Organization participates in India Fashion Tex
Mar 25, 2023, at 02:53 am
New Delhi: The Jammu and Kashmir Trade Promotion Organization (JKTPO) recently participated in India Fashion Tex 2023 in New Delhi.
After rout in Adani stocks, LIC likely to cap exposure in companies: Report
Mar 25, 2023, at 02:27 am
Mumbai: After $100 billion erosion in Adani stocks in the wake of Hindenburg Research’s negative report, the Life Insurance Corporation (LIC) is mulling its debt and equity exposure limit to companies, according to a media report.
NSE rolls back 6pc transaction charges on equity, F&O transactions
Mar 25, 2023, at 01:50 am
Mumbai: The National Stock Exchange (NSE) has withdrawn the 6 percent transaction charges on dealings in the equity cash and derivative segment effective from April 1, 2023.
Mahindra and State Bank of India tie-up for tractor & farm machinery financing in West Bengal
Mar 24, 2023, at 10:35 pm
Kolkata: Mahindra & Mahindra’s Farm Equipment Sector, the world’s largest tractor manufacturer by volume, has tied up with the State Bank of India (SBI) to provide easy loan options on their tractors and farm machinery products across India.
Jack Dorsey founded Block is the latest target of Hindenburg research report
Mar 24, 2023, at 06:04 am
New York/IBNS: Hindenburg Research, a US investment group, launched a fresh attack against Block, the mobile payments company founded by Jack Dorsey, accusing it of "widely overstating" its user base, on Monday.
UAE-India Investor Summit held in Srinagar
Mar 24, 2023, at 04:37 am
Srinagar/IBNS: A UAE-India Investor Summit took place in Srinagar city on March 19.
Infosys announces Kiran Mazumdar-Shaw's retirement from board
Mar 24, 2023, at 02:17 am
Mumbai: Infosys on Thursday announced that Kiran Mazumdar-Shaw, an Independent Director, has retired from its Board upon completion of her tenure on March 22, 2023.
Mar 23, 2023, at 06:16 am
Kolkata: The World Trade Center Association (WTCA) is partnering with the city-based Merlin Group for developing a World Trade Center, the first in eastern India.
US Federal Reserve hikes policy rate by 25 bps
Mar 23, 2023, at 05:45 am
The United States Federal Reserve has increased the policy rate by 25 basis points, resulting in a new range of 4.75% to 5%.
CCI approves LIC MF arm's acquisition of IDBI MF
Mar 23, 2023, at 05:16 am
New Delhi/IBNS: The Competition Commission of India (CCI) has approved the proposed acquisition of the management rights over the schemes of IDBI MF from IDBI Asset Management Limited by the LIC Mutual Fund Asset Management Ltd.
5 companies shortlisted for Centre's PLI scheme for hydrogen fuel cell EVs
Mar 23, 2023, at 04:43 am
New Delhi: The government has chosen five companies - Ashok Leyland, Eicher Motors, Pinnacle Mobility, Tata Motors, and Booma Innovative - to manufacture hydrogen fuel cell electric vehicles under the production-linked incentive scheme for the automobile and auto component industry (PLI-Auto) worth Rs 25,938 crore, Minister of State for Heavy Industries, Krishan Pal Gurjar, has informed the Lok Sabha
Govt proposes to sell 3.5 pc stake in Hindustan Aeronautics Ltd
Mar 23, 2023, at 04:38 am
Mumbai: India is preparing to sell up to a 3.5% stake in Hindustan Aeronautics Ltd, a state-run aerospace and defence company, which could yield the government Rs 2,867 crore, Reuters reported citing an exchange filing on Wednesday.
Bharat 6G Mission: PM Modi unveils India's 6G project, official testbed
Mar 23, 2023, at 03:46 am
New Delhi/IBNS: Prime Minister Narendra Modi on Wednesday announced India's 6G mission, which aims to concentrate efforts towards developing next-generation technology in India.
Finance Ministry agencies confiscate immovable properties worth Rs 1.11 trn in 6 years
Mar 23, 2023, at 02:39 am
New Delhi: The enforcement agencies under the Finance Ministry have seized immovable assets worth around Rs 1.11 trillion during the last six years, the ministry informed Parliament.
PNB, IOC, DCB Bank to offer AT1 bonds; issue at premium rates likely: Report
Mar 23, 2023, at 02:23 am
Mumbai: Punjab National Bank (PNB), Indian Overseas Bank (IOB), and DCB Bank may need to offer higher interest rates on their bonds as they prepare to sell them during a period when global banks are facing significant pressure, according to a report published in The Economic Times (ET).
Jeff Bezos lost more wealth than Gautam Adani and Mukesh Ambani in last one year
Mar 23, 2023, at 01:38 am
Mumbai/IBNS: Jeff Bezos, the founder of e-commerce giant Amazon, lost more wealth in dollar terms in the last one year than Indian billionaires Mukesh Ambani and Gautam Adani combined, according to the 2023 M3M Hurun Global Rich List.
Delhi: Arvind Kejriwal's AAP-led govt presents budget of Rs 78,800 cr for 2023-24
Mar 22, 2023, at 10:18 pm
New Delhi: Delhi Finance Minister Kailash Gahlot presented his first and AAP government’s 9th budget in the Assembly on Wednesday with an outlay of Rs 78,800 crore budget estimate for the financial year 2023-24, focusing on cleaning Yamuna and removal of three mountains of garbage, infrastructure, education and health.
Axis Mutual Fund launches ‘Axis S&P 500 ETF Fund of Fund’
Mar 22, 2023, at 08:36 pm
Kolkata: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis S&P 500 ETF Fund of Fund (an open ended fund of fund investing in Exchange Traded Funds replicating S&P 500 TRI, subject to tracking errors).
Budget 2023: What Changes Can We Expect from Fixed Deposit Interest Rates?
Mar 22, 2023, at 12:04 am
Budget 2023 has been released, and investors are curious to know what changes to expect from fixed deposit interest rates. With the Reserve Bank of India (RBI) maintaining an accommodative stance on interest rates, the government may introduce policies that could have an impact on the interest rates offered on fixed deposits.
Mar 21, 2023, at 11:51 pm
New Delhi: NTPC REL has signed an MoU with Indian Army for setting up Green Hydrogen Projects in its establishments on Build, Own and Operate (BOO) model. The intent is to reduce complex logistics, dependence on fossil fuels and to accelerate decarbonisation.
Tata Motors Announces price increase for Commercial Vehicles ahead of BS6 Phase II Emission norms
Mar 21, 2023, at 11:37 pm
Mumbai: Automobile major Tata Motors will be implementing a price increase of up to 5% on its commercial vehicles starting from Apr 1.
Amazon to lay off 9000 more employees in latest round of job cuts
Mar 21, 2023, at 05:08 am
E-commerce giant Amazon.com Inc Monday announced 9,000 more layoffs to make its operation lean and manage economic uncertainty.
Why is it important to use your credit card cautiously?
Mar 21, 2023, at 12:11 am
Credit cards have become very popular, especially among the millennial generation. It is evident as the number of active credit cards went up by 20% year-on-year to 806.65 lakh in November 2022, as per Reserve Bank of India (RBI) data. In this article, we will discuss the fundamentals of credit cards and the quickest ways to pay your credit card's outstanding.
Swiss bank major UBS to acquire Credit Suisse
Mar 20, 2023, at 02:46 pm
Swiss bank major UBS is planning to acquire troubled Credit Suisse in a government-backed deal.
Mar 20, 2023, at 03:06 am
Toronto: Toronto Testing Meetup, a software testing community group, is organizing "Women Leaders in Toronto Testing," an event that celebrates the contributions of women in software testing in Toronto.
India's banking system strong amid turmoil in global markets: PM Modi
Mar 19, 2023, at 04:52 am
New Delhi: India's economic and banking systems remain robust, even in the midst of the current turmoil battering global markets, Prime Minister Narendra Modi said on Saturday.