Indian Rupee falls 5 paise against USD
Oct 25, 2022, at 11:13 pm
Mumbai: The Rupee on Tuesday fell five paise to close at 82.72 on rising demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said.
Indian Market: Sensex down 287.70 pts
Oct 25, 2022, at 11:05 pm
Mumbai: The BSE Sensex on Tuesday dropped 287.70 pts to settle at 59,543.96 on profit booking by local operators.
Systematic Lump-sum Withdrawal: Empowering you well after retirement
Oct 25, 2022, at 05:43 pm
Withdrawals are just about the most niggling issue for retirees. Will it make sense to have a uniform withdrawal rate, at least for the first few years? How will withdrawals be taxed? Will my corpus, after every withdrawal, generate enough so as to at least beat inflation? These are some of the questions that haunt the average individual after superannuation.
All India Bank Employees' Association calls one-day bank strike on Nov 19
Oct 24, 2022, at 10:14 pm
Hyderabad: All India Bank Employees' Association (AIBEA) has called a one-day nation-wide strike on November 19 in protest against the rise of increasing attacks by bank managements on employees, jobs and job security.
South Indian Bank announces Q2 FY 23 net profit at Rs 223 crore
Oct 23, 2022, at 06:53 pm
South Indian Bank recently declared second quarterly results with a net profit of Rs. 223.10 crores against a loss of Rs. 187.06 Crore during the corresponding period of the previous year.
ICICI Bank Q2FY23 standalone profit jumps 37 pc to Rs 7,558 crore; NII grows 27 pc
Oct 23, 2022, at 06:51 am
Private sector lender ICICI Bank Saturday (October 22) declared a massive 37 percent year-on-year growth at Rs 7,557.84 crore for the quarter, growing from Rs 5,511 crore in the same quarter last year, the bank said in its BSE filing.
RLDA invites RFPS for development in 4 states, including West Bengal
Oct 23, 2022, at 06:26 am
Kolkata/UNI: The Rail Land Development Authority (RLDA) has issued a request for proposals (RFP) for the development and leasing of nine multifunctional complexes ( MFCs) in West Bengal, Rajasthan, Haryana, and Punjab for 45 years.
Jio True 5G-powered wi-fi services go live
Oct 23, 2022, at 02:49 am
Mumbai: To boost widespread penetration of 5G, Reliance Jio Infocomm Limited (Jio) on Saturday announced the launch of JioTrue5G-powered Wi-Fi services in high footfall areas such as educational institutes, religious places, railway stations, bus stands, and commercial hubs.
Tata Motors to provide eco-friendly public transport solutions to Jammu and Kashmir’s smart cities
Oct 22, 2022, at 11:29 pm
New Delhi: Tata Motors, India’s largest commercial vehicle manufacturer, on Saturday announced that it has won the tender of 200 electric buses, floated by Jammu Smart City Limited, for Jammu and Srinagar.
Jammu and Kashmir: Kiwi cultivation gaining momentum in Valley
Oct 22, 2022, at 11:15 pm
Srinagar: Jammu and Kashmir farmers are now moving away from apple cultivation to growing Kiwi, a move focusing on the cultivation of non-traditional fruits.
RIL to demerge financial services business and list it separately as JFSL
Oct 22, 2022, at 06:59 pm
Mumbai: Reliance Industries Limited (RIL) on Friday said that it will demerge its financial services business and list it separately under Jio Financial Services Limited (JFSL).
RIL Q2 profit nearly flat at Rs 13,656 cr, revenue up 34 pc
Oct 22, 2022, at 08:09 am
Mumbai: Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported almost flat consolidated net profit at Rs 13,656 crore for the quarter ending September 30, 2022 (Q2FY23).
IDBI Bank Q2FY23 PAT grows 46 pc YoY; NII jumps 48 pc
Oct 22, 2022, at 07:17 am
IDBI Bank on Friday reported a huge 46 percent year-on-year growth in standalone profit for the quarter ended September 30, despite a jump in provisions.
SBI Life Insurance registers New Business Premium of Rs 13,000 cr in Q3FY23
Oct 22, 2022, at 05:05 am
SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of Rs 13,088 crores for the period ended on September 30, 2022 vis-a-vis Rs 10,288 crores for the period ended September 30, 2021.
Poonawalla Fincorp Q2FY23 PAT jumps 71 pc YoY to Rs 163 cr
Oct 22, 2022, at 04:51 am
Poonawalla Fincorp Ltd, a non-deposit-taking systemically important NBFC focusing on consumer and MSME finance, Friday reported its highest-ever Profit After Tax (PAT) at Rs 163 crore up 70.8 percent YoY and 15.8 percent QoQ in the quarter ended Sep 30, 2022.
Air India appoints Henry Donohoe to strengthen safety, security & quality functions
Oct 22, 2022, at 02:41 am
Tata Group-owned Air India Friday announced the appointment of Henry Donohoe as the head of safety, security, and quality functions.
SBI increases retail term deposit interest rates up to 80 bps
Oct 22, 2022, at 02:29 am
State Bank of India (SBI), the country’s largest lender has revised the retail term deposits (deposit below Rs 2.00 crore) interest rates upward (up to 80 bps), effective from October 22, 2022.
KFC India rolling out all-digital smart restaurants to speed up customer service
Oct 22, 2022, at 02:19 am
Gurgaon/IBNS: If long queues at the food ordering counter at your favourite KFC restaurant has been bothering you, then here is some good news for you.
IDBI Bank introduces Festive Offer on Fixed Deposits
Oct 21, 2022, at 11:56 pm
New Delhi: IDBI Bank has introduced a Festive Offer on its “Amrit Mahotsav” deposits.
IndusInd Bank to raise USD 150 Mn loan from DFC to support women entrepreneurs
Oct 21, 2022, at 11:52 pm
Kolkata: IndusInd Bank on Friday announced that it has executed a commitment letter with the United States International Development Finance Corporation (DFC) for a loan worth USD 150 Mn.
IT giant Infosys allows gig work, NITES condemn rider attached to it
Oct 21, 2022, at 11:43 pm
Bengaluru: National Information Technology Employees Senate (NITES) on Friday condemned India's IT major Infosys for inserting a rider into its decision to permit its employees to take up gig jobs of other organisations.
JSW Steel reports net loss of Rs 915 Cr in Q2
Oct 21, 2022, at 11:38 pm
Mumbai: JSW Steel Limited on Friday reported consolidated net loss of Rs 915 crore for the quarter ended September 30, 2022.
Indian Rupee improves 9 paise against USD
Oct 21, 2022, at 10:39 pm
Mumbai: The Rupee on Friday gained nine paise to close positive at 82.67 on selling of US Dollar by bankers and exporters, dealers at the Foreign Exchange said.
Indian Market: Sensex up 104.25 pts
Oct 21, 2022, at 10:33 pm
Mumbai: The BSE Sensex on Friday advanced 104.25 points at 59,307.15 following gains in Axis Bank, Kotak Bank and Hind Unilever stocks.
Kerala to construct 1,06,000 houses under Life Mission Phase-II
Oct 21, 2022, at 09:58 pm
Thiruvananthapuram/UNI: Kerala government has given permission to construct 1,06,000 houses under Phase-II of Life Mission, the State government's comprehensive housing security scheme for the homeless.
Indian Market: Sensex up 279 points
Oct 21, 2022, at 09:11 pm
Mumbai: The BSE Sensex on Friday rallied 279 points at 59,482.63 in opening trade as buying was seen in finance services, health care and IT stocks.
Oct 21, 2022, at 07:49 pm
Srinagar: Additional Chief Secretary (ACS), Agriculture Production Department, Atal Dulloo recently inaugurated 550 metric ton (MT) capacity Cold Storage facility at Agri Complex Lal Mandi in Jammu and Kashmir's Srinagar city.
Canara Bank's Q2FY23 net profit soars 89 pc YoY to Rs 2,525 cr; NII surges 18.5 pc
Oct 21, 2022, at 06:21 am
Public sector lender Canara Bank Thursday reported a net profit of Rs 2,525 crore in Q2FY23, up 89.42 percent against Rs 1,333 crore in the same quarter last fiscal.
India’s coal prodn to touch 900 MT this fiscal, says Union Minister Pralhad Joshi
Oct 21, 2022, at 02:35 am
New Delhi: Coal Minister Pralhad Joshi Thursday said that India’s total coal production will touch 900 million ton (MT) in FY23 and all efforts are being taken by Coal India Limited and its subsidiaries to attain this goal.
India, gulf countries to start FTA negotiations next month: Report
Oct 20, 2022, at 11:33 pm
India and Gulf Cooperation Council (GCC) will start negotiations for a Free Trade Agreement (FTA) next month, media reports said.