RBI allows banks to open 12 'vostro accounts' to facilitate rupee acceptance in international trade
Nov 26, 2022, at 05:04 pm
New Delhi: In a move to facilitate import-export trade in the rupee, the Reserve Bank of India (RBI) permitted banks to open “vostro accounts”.
Adani Enterprises to raise Rs 20,000 cr through FPO
Nov 26, 2022, at 05:10 am
Ahmedabad/IBNS: Adani Enterprises on Friday approved a Rs 20,000 crore further public offering (FPO) of equity shares of the company, media reports said.
FM Sitharaman aims to bring down fiscal deficit amid global economic turmoil
Nov 26, 2022, at 04:39 am
New Delhi/IBNS: India aims to narrow its budget deficit by 50 basis points even as the country is forced to spend more on food and energy owing to the war in Ukraine, media reports said.
Nirmala Sitharaman holds pre-budget meeting with finance ministers of states & UTs
Nov 26, 2022, at 02:40 am
New Delhi: Union Finance Minister Nirmala Sitharaman Friday held a pre-budget meeting of finance ministers of all states and union territories for taking their inputs and suggestions for the 2023-24 Budget.
India-Gulf Cooperation Council (GCC) decide to pursue resumption of FTA Negotiations
Nov 26, 2022, at 12:21 am
New Delhi: Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food, and Public Distribution and Textiles, Government of India, and Nayef Falah M. Al-Hajraf, Secretary General, Gulf Cooperation Council (GCC), held a Joint Press Conference, in New Delhi on Friday, to announce the intent to pursue negotiations on the India-GCC FTA.
Centre releases Rs. 17,000 crore of GST compensation to States/UTs
Nov 25, 2022, at 10:29 pm
New Delhi: The Central Government released an amount of Rs. 17,000 crore to States/UTs on 24.11.2022 towards the balance GST compensation for the period April to June, 2022.
Nov 25, 2022, at 09:02 pm
The season seems ripe for investors in the banking and financial services sector. While larger BFSI stocks, several of which are part of the popular benchmarks, have generally crept northwards, a diverse range of smaller names has attracted fresh allocations from investors looking for cheaper bargains, especially those in the financials space.
Reliance Jio rolls out True-5G coverage in all 33 dists headquarters of Gujarat
Nov 25, 2022, at 07:45 pm
Mumbai/UNI: Reliance Jio on Friday said that it has started rolling out True-5G coverage in all the 33 district headquarters of Gujarat.
Meesho appoints Divyesh Shah as Vice-President – Engineering
Nov 24, 2022, at 11:03 pm
Bengaluru/IBNS: Internet commerce company Meesho Thursday announced the appointment of Divyesh Shah as Vice-President, Engineering.
Quiklyz signs MoUs with five last-mile mobility players to deliver 1000 electric 3-wheelers
Nov 24, 2022, at 06:09 pm
Mumbai/IBNS: Quiklyz, the vehicle leasing and subscription business of Mahindra & Mahindra Financial Services, has signed MOUs with prominent Last Mile Mobility players for leasing over 1000 electric 3-wheelers (3W), the company said Wednesday.
EU proposes gas price cap at 275 euros/MWh as 'last resort'
Nov 23, 2022, at 10:21 pm
Brussels/IBNS: A European gas price cap at 275 euros (283 US dollars) per megawatt hour (MWh) has been proposed Tuesday, Energy Commissioner Kadri Simson announced in Strasbourg, France.
AI launches new flights to six major US & European cities
Nov 23, 2022, at 10:16 pm
New Delhi/IBNS: Air India on Wednesday launched new flights connecting Mumbai with New York, Paris and Frankfurt, and restarted non-stop flights connecting Delhi with Copenhagen, Milan and Vienna.
Google likely to lay off 10,000 people in early 2023: Reports
Nov 23, 2022, at 07:01 am
Amid a wave of layoffs, Google’s parent company Alphabet, too, plans to fire a significant chunk of its workforce--around 6 percent, or 10,000 people, media reports said.
RIL chairman Mukesh Ambani says Indian economy to grow 13-fold to $40 trillion by 2047: Report
Nov 23, 2022, at 06:08 am
Gandhinagar: India is likely to become a $40 trillion economy by 2047—a 13-fold jump from its current size—on the back of, primarily, a clean energy revolution and digitalisation, Reliance Industries Chairman Mukesh Ambani said on Tuesday, media reported.
L&T completes Linde's gasification plant project, ships modules weighing 34,000 MT to Singapore
Nov 23, 2022, at 05:25 am
Mumbai/IBNS: Larsen & Toubro, an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, completed the supply of 46 Process & Piperack Modules to Linde Engineering, Singapore for a gasification complex, a company press release said.
India's iconic beverage brand Rasna's founder Areez Pirojshaw Khambatta no more
Nov 23, 2022, at 04:50 am
Ahmedabad/IBNS: Areez Pirojshaw Khambatta, the man behind India’s iconic beverage brand Rasna, is no more, the company said.
Reliance Jio gets NCLT's nod to acquire Reliance Infratel
Nov 23, 2022, at 03:21 am
Mumbai/IBNS: Reliance Jio Monday secured approval of the National Company Law Tribunal (NCLT) to acquire debt-laden Reliance Infratel in a bankruptcy resolution that lingered for two years, media reports said.
Qatar to supply LNG to China for 27 yrs in world's 'longest' deal
Nov 23, 2022, at 01:59 am
China inked a $60 billion deal with Qatar on Monday to buy Liquified Natural Gas (LNG) for 27 years at a time when Europe is struggling to secure alternative resources, media reports said.
Tata Motors introduces Tata Tiago NRG
Nov 22, 2022, at 10:56 pm
Mumbai: Automobile major Tata Motors on Tuesday announced the introduction of its newest addition to the iCNG family with the Tiago NRG iCNG.
Axis Bank and Flipkart partner to launch ‘Flipkart Axis Bank Super Elite’ Credit Card
Nov 22, 2022, at 10:49 pm
Kolkata: Axis Bank, India’s third largest private sector bank, and Flipkart, India’s homegrown e-commerce marketplace have partnered to launch the ‘Super Elite Credit Card’.
Our Free Trade Agreement with India has passed through parliament: PM Anthony Albanese
Nov 22, 2022, at 10:31 pm
New Delhi: Australian PM Anthony Albanese on Tuesday announced his government's Free Trade Agreement with India has been passed by the country's Parliament.
Home Loan Balance Transfer: Benefits and Factors to Consider
Nov 22, 2022, at 06:12 pm
Many home loan borrowers switch their ongoing home loans to a new lender upon getting better loan terms and a lower rate of interest. For customers servicing their existing home loans at a high rate of interest, a home loan balance transfer facility is a practical and feasible option.
Jitendra Singh says Jammu and Kashmir has potential to become agri-tech startup hub
Nov 21, 2022, at 11:32 pm
Srinagar: Union Minister Jitender Singh said Jammu and Kashmir has huge potential to become an agri-tech startup hub.
Mahindra Manulife Mutual Fund launches Small Cap Fund
Nov 21, 2022, at 10:32 pm
New Delhi: Mahindra Manulife Mutual Fund, a joint venture of Mahindra & Mahindra Financial Services Limited (“Mahindra Finance”) and Manulife Investment Management (Singapore) Pte. Ltd. has announced its ‘New Fund Offer’ (NFO).
Centre withdraws export duty on steel
Nov 20, 2022, at 04:04 am
New Delhi: The Centre has withdrawn the export duty on steel, restoring the status quo as was prevailing prior to May 22, 2022, the Ministry of Finance said Saturday.
Centre asked to probe Amazon layoffs
Nov 19, 2022, at 09:45 pm
Bengaluru: Nites has submitted a petition requesting the Central government and state labour authorities to conduct an inquiry regarding the unethical and illegal layoffs via email sent to employees by Amazon.
Google signs MoU with Karnataka govt to promote innovation and support local startups
Nov 19, 2022, at 07:08 pm
Tech giant Google has signed a Memorandum of Understanding (MoU) with the Karnataka government to promote innovation and support startups in the state, media reports said.
Magadh Sugar & Energy Ltd Q2FY23: PAT stood at Rs 6.69 cr, ethanol sales at Rs 69.89 lakh liters
Nov 19, 2022, at 07:02 pm
Mumbai/IBNS: Magadh Sugar & Energy Limited (MSEL) (BSE: 540650 / NSE: MAGADSUGAR) reported a PAT of Rs 6.69 crores as against Rs 3.02 crores in Q2FY22.
India's forex reserves register biggest weekly high in over a year, shows RBI data
Nov 19, 2022, at 06:59 pm
Mumbai: India's foreign exchange reserves shot up to the highest level during the week ended November 11 in the biggest weekly jump recorded in over a year.
Jet Airways halves salaries, sends staff on leave without pay: Report
Nov 19, 2022, at 06:40 am
Mumbai: Grounded carrier Jet Airways has slashed the salaries of some of its employees by 50 percent and sent some others on leave without pay, media reports said.