India's crude oil imports jump by 53 pc during Apr-Nov period, shows latest govt data
Dec 17, 2022, at 06:14 am
New Delhi/IBNS: India’s crude oil import grew by 52.58 percent to $146.57 billion during April-November during FY23, according to data shared by the Ministry of Commerce.
India-Aus Economic Cooperation and Trade Agreement to come into force on Dec 29
Dec 17, 2022, at 04:44 am
New Delhi/IBNS: The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) will come into force on December 29.
Sovereign Gold Bond 2022-23: Series III subscription to open on Dec 19
Dec 17, 2022, at 03:28 am
New Delhi/IBNS: The Ministry of Finance on Friday said the subscription for Series III of the Sovereign Gold Bonds 2022-23 will open during December 19-23, 2022.
IREDA inks Rs 4,445 cr loan agreement with SJVN Green Energy for 1,000 MW Solar power project
Dec 17, 2022, at 01:29 am
New Delhi/IBNS: Indian Renewable Energy Development Agency Ltd. (IREDA) signed a historic loan agreement for Rs 4,444.71 crore with SJVN Green Energy Ltd. (SGEL, a subsidiary of SJVN Ltd.) Thursday, for a 1,000 MW Solar power project at Bikaner, Rajasthan.
Poonawalla Fincorp announces sale of its housing subsidiary to TPG for Rs 3,900 cr
Dec 17, 2022, at 01:13 am
Mumbai/IBNS: Poonawalla Fincorp said the company’s board has approved the sale of its housing subsidiary to focus on building a tech-led and digital-first financial services company, with leadership in consumer and MSME financing.
Indian Rupee falls 11 paise against USD
Dec 16, 2022, at 11:15 pm
Mumbai: The Rupee remained negative on Friday too, as it dropped 11 paise to close at 82.87 on brisk demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said.
Indian Market: Sensex tanks 461.23 pts
Dec 16, 2022, at 11:14 pm
Mumbai: The BSE Sensex on Friday lost another 461.22 pts to settle at 61,337.81 on weak global cues.
Different Types of Premium Payment Options in Term Plans
Dec 16, 2022, at 08:56 pm
A life insurance plan plays a vital role in securing the future of one's family members and loved ones. Term insurance is one of the most preferred and safe solutions for ensuring financial cover in times of uncertainty. But, while we buy term insurance from any insurance service provider, it is equally important to check the amount of premium to be paid.
Dec 16, 2022, at 08:49 pm
Kolkata: Jana Small Finance Bank, one of the leading small finance banks in India, announced a hike of interest rates on regular fixed deposits from 15th December, 2022 onwards.
HDFC Bank opens 100 new branches across India
Dec 16, 2022, at 08:40 pm
Jabalpur: HDFC Bank announced that it has opened 100 new branches across India.
Tezos India partners with Revise to develop dynamic NFTs
Dec 16, 2022, at 08:30 pm
Kolkata/IBNS: Blockchain adoption studio Tezos India has joined hands with NFT infra start-up Revise to provide a framework so that any industry and developer can create their dynamic NFTs.
Upcoming budget will follow spirit of earlier budgets: Union Finance Minister Nirmala Sitharaman
Dec 16, 2022, at 08:15 pm
New Delhi: The upcoming Union Budget will follow the spirits of the earlier budgets, Union Finance Minister Nirmala Sitharaman said on Friday.
Coal output up to Nov stands at 524.2 MT; coal-based power generation at 69 pc
Dec 16, 2022, at 05:00 am
New Delhi/IBNS: India’s coal production in FY23 up to November stands at 524.2 MT, up 17 percent as compared to about 448.1 MT during the same period of last year, according to the Ministry of Coal.
Mission Coking Coal: Domestic raw coking coal prodn to reach 140 MT by 2030
Dec 15, 2022, at 08:52 pm
New Delhi/IBNS: Domestic raw coking coal production is likely to reach 140 MT—105 MT by CIL and 35 MT by allocated coking coal blocks—by 2030, Coal Minister Prahlad Joshi said Wednesday.
India's total number of Registered GI tags rise to 432
Dec 15, 2022, at 06:38 pm
New Delhi/IBNS: The total number of GI Tags in India now stands at 432 with Karnataka, Tamil Nadu, Uttar Pradesh, Karnataka, and Kerala holding the maximum number of GI Tags, according to the Ministry of Commerce & Industry.
India not reliant on China for rare earth minerals: Jitendra Singh
Dec 15, 2022, at 06:17 pm
New Delhi/IBNS: Union Minister Jitendra Singh Wednesday said that India is not reliant on China for accessing rare earth minerals.
Dec 15, 2022, at 05:51 pm
Bengaluru/IBNS: The first G20 Finance and Central Bank Deputies Meeting, under the Indian Presidency, was held in Bengaluru, Karnataka, during December 13-14, 2022, under the co-chairship of Secretary, Economic Affairs, jay Seth and Deputy Governor, Reserve Bank of India, Dr Michael Patra.
SBI to raise Rs 10,000 cr via AT1 bonds to support biz growth
Dec 15, 2022, at 08:13 am
Mumbai/IBNS: State Bank of India (SBI) is looking to raise Rs 10,000 crore via additional tier - 1 (AT1) bonds until March 2024, to fund business growth.
HDFC bank acquires minority stake in fintech firm Mintoak
Dec 15, 2022, at 08:06 am
Mumbai/IBNS: India’s one of the largest private sector lenders HDFC Bank acquired a minority stake in fintech startup Mintoak, the bank said in a regulatory filing on Wednesday.
Centre on track to achieve fiscal deficit target of 6.4 pc for FY23: Sitharaman
Dec 15, 2022, at 08:02 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman Wednesday told the Lok Sabha that the government will be able to achieve the fiscal deficit target of 6.4 percent of GDP for 2022-23 (FY23) even after taking into account Rs 4.36-trillion additional spending.
Russia replaces Iraq as the largest oil supplier to India in Nov: Report
Dec 15, 2022, at 05:58 am
New Delhi: Russia for the first time in November replaced Iraq as the top exporter of crude oil to India, media reports said.
Edible oil imports jump 34 pc to 15.29 lakh tonne in November
Dec 15, 2022, at 04:21 am
New Delhi/IBNS: India’s edible oil imports jumped considerably in November by 34 percent to 15.29 lakh tonne on the back of increased shipments of crude palm and refined palm oils, said media reports citing data released by Solvent Extractors' Association of India (SEA).
India-UK FTA to boost jobs, investments and exports between the two countries
Dec 14, 2022, at 11:40 pm
New Delhi: The Minister for Commerce and Industry of India, Piyush Goyal, and UK Secretary of State for International Trade, Kemi Badenoch, MP, met on Tuesday in New Delhi to discuss India-UK FTA negotiations.
Ducati launches the highly anticipated DesertX in India, at INR 17,91,000 ex-showroom India
Dec 14, 2022, at 10:55 pm
New Delhi: Luxury motorcycle brand Ducati on Tuesday announced the launch of the new DesertX in India, with prices starting at INR 17,91,000 Ex-Showroom India.
HOP Electric starts deliveries of OXO e-bike from Jaipur
Dec 14, 2022, at 10:53 pm
New Delhi HOP Electric, India's fastest growing electric two-wheeler manufacturer, on Tuesday commenced deliveries of its flagship High-Speed e-bikes, HOP OXO.
Bank of Maharashtra revises MCLR from Dec 14, 2022
Dec 14, 2022, at 10:39 pm
Mumbai: Public sector lender, Bank of Maharashtra on Wednesday said that it has reviewed and revised the Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f. 14.12.2022.
Dec 14, 2022, at 08:48 pm
Kolkata: Axis Bank, in line with its ‘DilSeOpen’ philosophy partners with Tata AIG, to offer Group Medicare products for its new customers from the LGBTQIA+ Community.
India's wholesale inflation drops to 5.85% in November
Dec 14, 2022, at 08:00 pm
New Delhi/UNI: India's wholesale inflation eased further to 5.85% in Nov 2022 as against 8.39% recorded in the previous month, according to official data released on Wednesday.
Dec 13, 2022, at 11:31 pm
Kolkata: Private sector bank Axis Bank has rolled out Splash - a Pan-India competition on Arts, Craft and Literature for children between the age group of 7-14 years.
PITEX: Several Kashmiri women participants make their impacts felt
Dec 13, 2022, at 02:52 pm
Srinagar:Several participants from Jammu and Kashmir joined the 16th edition of the annual Punjab International Trade Expo (PITEX) recently.