Indian economy will stay on course and is projected to grow at 7% in FY 2022-23: Nirmala Sitharaman
Oct 15, 2022, at 08:31 pm
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the Plenary Meeting of the International Monetary and Financial Committee (IMFC) at the International Monetary Fund Headquarters during the Annual Meetings 2022 in Washington DC, on Saturday when she said the country's economy is projected to grow 7 percent in FY 2022-23.
India’s overall exports in Sept estimated to be USD 61.10 bn
Oct 15, 2022, at 06:09 am
New Delhi: India’s overall exports in September 2022 are estimated to be USD 61.10 Billion, registering a growth of 10.24 percent over the same period last year, data released by the Ministry of Commerce and Industry said on Friday.
Federal Bank reports record Net Profit of Rs 704 cr in Q2FY23, up 53 pc YoY
Oct 15, 2022, at 05:56 am
Private sector lender Federal Bank Friday announced a net profit of Rs 704 crore, its highest ever, in the quarter ended September 30, 2022, up 52.89 percent year-on-year (YoY) over Rs. 460.26 crore during the corresponding quarter of the previous year.
ZEE Entertainment shareholders approve merger with Sony Pictures Networks
Oct 15, 2022, at 05:32 am
New Delhi: ZEE Entertainment Enterprises Ltd (ZEEL) on Friday said that its shareholders have given the green signal to the proposed merger of ZEEL and Bangla Entertainment Pvt Ltd with and into Culver Max Entertainment Pvt Ltd (formerly Sony Pictures Networks India).
'Don't support dual employment, we have let go of moonlighters': Infosys CEO Salil Parekh
Oct 15, 2022, at 04:19 am
India's second-largest IT services company Infosys said Thursday that it doesn't allow moonlighting and fired several employees for dual employment over the past 12 months, according to media reports.
Need Urgent Cash? You Could Consider Taking a Small Personal Loan
Oct 15, 2022, at 03:37 am
There will be times in life when you may be in need of some cash or additional funds on an urgent basis. For instance, there may be a medical emergency at home. Alternatively, your home or your vehicle could be in need of some major repairs, the cost of which could run into Lakhs of rupees. During such times, you may be forced to break into your savings or investments and meet these emergency cash requirements.
India's monthly mobile phone exports cross record $1 billion in Sept: Report
Oct 15, 2022, at 01:13 am
India's monthly export of mobile phones crossed the $1 billion threshold (more than Rs 8,200 crore), for the first time ever, reported The Economic Times.
Maruti Suzuki introduces latest S-Presso S-CNG variant at Rs.5.9 lakh
Oct 15, 2022, at 12:15 am
New DelHI/IBNS: Maruti Suzuki on Friday launched the new S-CNG variant of hatchback S-Presso.
Indian Market: Sensex jumps 684.64 pts
Oct 14, 2022, at 10:55 pm
Mumbai: The BSE Sensex on Friday bounced back registering huge gains of 684.64 points to close at 57,919.97 on the strength of IT, Technology, Bankex and Financial services amid strong Asian Market.
Oct 14, 2022, at 09:22 pm
Identifying and building domestic capabilities of those items which have huge global demand will expedite India's journey to a $5 trillion economy by 2025, according to Dr Ajay Sahai, DG & CEO of the Federation of Indian Export Organisation (FIEO).
Oct 14, 2022, at 09:00 pm
New Delhi: The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 10.7% (Provisional) for the month of September, 2022 (over September, 2021) against 12.41% recorded in August 2022, as per data released by the Ministry of External Affairs on Friday.
Lingerie brand to donate sale proceeds to NGO working for cancer awareness and prevention
Oct 14, 2022, at 05:17 pm
Kolkata/IBNS: Wacoal India, a lingerie brand from Japan, has launched an initiative called #WacoalKnowsBreast wherein they are working towards creating awareness about breast cancer and prevention.
Indian Rupee rises marginally by 2 paise against USD
Oct 14, 2022, at 04:14 pm
Mumbai: The Rupee on Friday improved by two paise at 82.32, on selling of US Dollar by bankers and exporters, dealers at Foreign Exchange said.
Indian Market: Sensex zooms over 1000 pts
Oct 14, 2022, at 04:11 pm
Mumbai: The BSE Sensex on Friday rallied 1087 points at 58,322.47 in opening trade as buying was seen across the board.
Oct 14, 2022, at 03:31 pm
Srinagar: The first-of-its-kind technology business incubation centre named Greenovator Incubation Foundation is coming up in the NIT, Srinagar, in a bid to nurture the culture of entrepreneurship and innovation in the region.
Infosys reports consolidated net profit of Rs 6,021 in Q2Fy23, up 11 pc y-o-y
Oct 14, 2022, at 07:23 am
IT major Infosys declared a consolidated net profit of Rs 6,021 crore for the quarter ended September 30, 2022, up 11.1 percent from Rs 5,421 core reported in the same quarter of the previous year.
Yen plunges to lowest mark against dollar in over 2 decades
Oct 14, 2022, at 06:02 am
Japanese currency yen Thursday nosedived to the lowest level against the US dollar since 1990 after America's central bank, Federal Reserve, indicated aggressive measures to tighten its noose on inflationary pressures, said media reports.
Coal India Ltd (CIL) to set up 1190 MW solar power project in Rajasthan
Oct 14, 2022, at 12:12 am
Jaipur: As part of its diversification programme for clean coal energy, Coal India Limited (CIL) will develop a solar power project of 1190 MW in Rajasthan.
France starts direct gas supplies to Germany
Oct 14, 2022, at 12:06 am
Paris: Germany has started receiving gas supplies from French gas network system operator GRTgaz via a connection point in the northeastern commune of Obergailbach, the company said on Thursday.
PM Gati Shakti has potential to save Rs 10 lakh crore annually: Piyush Goyal
Oct 13, 2022, at 11:44 pm
New Delhi: The implementation of PM Gati Shakti National Master Plan has the potential to save over Rs 10 lakh crore yearly by increasing logistics efficiency, Union Minister for Commerce and Industry Piyush Goyal said Thursday.
IRFC and IIFCL sign MoU to solidify cooperation in financing railway infrastructure projects
Oct 13, 2022, at 11:26 pm
New Delhi/IBNS: Indian Railway Finance Corporation Ltd. (IRFC), a Schedule ‘A’/Miniratna Public Sector Enterprise (PSE) under the Ministry of Railways, signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company Ltd. (IIFCL), a PSE under the Ministry of Finance, to enhance cooperation in financing railway infrastructure projects with forward and backward linkages to the Indian Railways sector.
Tata Group, Singapore Airlines in talks to merge Air India and Vistara
Oct 13, 2022, at 11:16 pm
Singapore Airlines Ltd and Tata Group are in confidential discussions over a likely deal that may involve the integration of Vistara and Air India, Reuters reported.
West Bengal: Adani receives LOA for Tajpur port, work to commence in 18 months
Oct 13, 2022, at 07:35 pm
Kolkata/IBNS: CEO of Adani Ports and Special Economic Zones (APSEZ) Karan Adani Wednesday received the letter of award (LoA) on behalf of his corporation for building the Tajpur port in West Bengal.
Warburg Pincus to acquire majority stake in Vistaar Finance
Oct 13, 2022, at 06:35 pm
Mumbai: New York-based global private equity firm Warburg Pincus announced that an affiliate of private equity funds managed by Warburg Pincus LLC, has entered into definitive agreements to acquire a majority stake in Vistaar Finance, an NBFC lending to MSMEs in India.
TransUnion CIBIL and SatSure launch CIBIL Report (CCFR) to improve credit flow to farmers
Oct 13, 2022, at 08:11 am
Credit bureau TransUnion CIBIL, in collaboration with geo-spatial data analytics provider SatSure, has launched the CIBIL Credit and Farm Report (CCFR).
India-UK trade deal likely to be stuck over skilled worker access issue: Report
Oct 13, 2022, at 07:31 am
The India-UK trade deal is unlikely to meet the October deadline over the issue of access to thousands of Indian skilled workers, media reports said.
Union Cabinet approves project to build container terminal at Deendayal Port in Gujarat
Oct 13, 2022, at 06:29 am
The Union Cabinet gave its nod to the project to develop a container terminal at Tuna-Tekra, Deendayal Port in Gujarat under the public-private partnership mode.
BYJU's to layoff 2,500 employees amid growing losses
Oct 13, 2022, at 05:28 am
BYJU's will hand out pink slips to nearly 2,500 employees across departments to cut costs amid growing losses in the next six months, the company said in a statement today.
Oct 13, 2022, at 03:45 am
Mumbai: RBI's measure to tighten interest rates with a hike in repo rate by 190 basis points in five consecutive months has failed to keep inflation under control as India's retail inflation accelerated to 7.41 percent in September, the fastest pace in five months, data released by the National Statistical Office (NSO) showed on Wednesday.
Jio-bp to set up charging network for Mahindra's e-SUVs
Oct 13, 2022, at 01:01 am
Mumbai: Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, and Jio-bp, a fuels and mobility joint venture between Reliance Industries Limited (RIL) and bp are strengthening their existing partnership with Jio-bp setting up robust charging network for Mahindra’s upcoming e-SUVs launches, said a joint company statement.