India's forex reserves grow after four weeks of decline
Aug 05, 2022, at 10:20 pm
Mumbai: India's foreign exchange reserves jumped by $2.4 billion during the week ended July 29 after falling for four consecutive months riding on the return of FPIs.
Import of non-coking coal dropped 7.5 pc YoY to 152 MT in FY22
Aug 05, 2022, at 08:22 pm
New Delhi: The total import of non-coking Coal during 2021-22 was 151.77 Million Tonnes (MT) as against 164.05 MT imported in the previous year of 2020-21, registering a decrease of 7.5 percent, according to the ministry of coal.
RBI hikes key lending rate by 50 basis points
Aug 05, 2022, at 03:52 pm
Mumbai: Reserve Bank of India Governor Shaktikanta Das on Friday announced the bank's decision to hike the key lending rate by 50 basis points to 5.4 percent with immediate effect.
RBL signs franchise agreement with Balenciaga
Aug 05, 2022, at 07:42 am
Mumbai: Reliance Brand Limited (RBL) has signed a strategic deal with Balenciaga to bring the best of global couture to the Indian market.
CCPA fines Amazon Rs 1 lakh for selling sub-standard pressure cookers
Aug 05, 2022, at 05:13 am
New Delhi: In a suo moto action, the Central Consumer Protection Authority (CCPA) has fined Amazon's e-commerce platform Rs 1 lakh for selling sub-standard pressure cookers in violation of mandatory standards.
Volvo Car India’s Amit Jain to assume key role in Volvo Cars APeC Region
Aug 04, 2022, at 10:04 pm
Kolkata: Volvo Car India Thursday announced that its Director of Marketing and PR Amit Jain will be taking up a regional profile within Volvo Cars.
Centre approves FRP of Rs 305 per quintal for sugarcane for 2022-23 season
Aug 04, 2022, at 06:51 am
New Delhi/UNI: The government on Wednesday approved Rs 305 per quintal as Fair and Remunerative Price (FRP) for sugarcane for sugar season 2022-23 (October-September).
Airtel signs deal with Ericsson, Nokia, Samsung to commence 5G deployment
Aug 04, 2022, at 06:40 am
New Delhi/UNI: Bharti Airtel on Wednesday announced that it has signed 5G network agreements with Ericsson, Nokia and Samsung to commence 5G deployment in August this year.
Legislative and policy measures taken to boost exports through eCommerce: Union minister Som Parkash
Aug 04, 2022, at 06:12 am
New Delhi: The government has taken several steps for increasing exports through e-Commerce, including various legislative and policy measures for e-commerce keeping in mind the retailers, Minister of State for Commerce and Industry Som Parkash told Lok Sabha in a written reply on Wednesday.
5G Spectrum reserve price based on TRAI recommendations
Aug 04, 2022, at 05:14 am
New Delhi: The government has decided the final reserve price of the 5G Spectrum in the various frequency bands based on the recommendations of the Telecom Regulatory Authority of India (TRAI) which were made after carrying out consultation with all stakeholders, including Telecom companies, Minister of Stae for Communication Devusinh Chauhan in a written reply to a question in Lok Sabha today.
CCPA issued 24 notices for unfair trade practices against e-commerce firms
Aug 04, 2022, at 04:49 am
New Delhi: The CCPA has issued 24 notices for unfair trade practices against e-commerce companies and issued two safety notices to alert and make consumers cautious against buying household goods like pressure cookers, helmets, etc. that do not conform to the Bureau of Indian Standards, Union minister Ashwini Kumar Choubey told Lok Sabha in a written reply on Wednesday.
NPCI and IIT Kanpur Ink MoU for knowledge sharing and research collab
Aug 04, 2022, at 03:51 am
The Indian Institute of Technology (IIT), Kanpur and National Payments Corporation of India (NPCI) have signed a Memorandum of Understanding (MoU) for sharing knowledge on innovative ideas and to collaborate on the development of indigenous digital payments solutions.
Vodafone Idea narrows Q1FY23 loss to Rs 7,295 cr; ARPU surges 23.4 pc to Rs 128
Aug 04, 2022, at 01:52 am
Mumbai: Vodafone Idea Wednesday reported a consolidated loss of Rs 7,295 crore in the quarter ending June 2022 compared to Rs 7,312 crore in the same quarter last year.
Aug 03, 2022, at 11:48 pm
Gurugram: InterGlobe Aviation Ltd which operates budget carrier IndiGo Wednesday reported a net loss of Rs 10,643 million for the quarter ended June 2022, narrowing its loss by nearly one-third compared to a net loss of Rs 31,742 million incurred in the June quarter of FY22.
Cube Highways InvIT appoints Pankaj Vasani as Group CFO
Aug 03, 2022, at 10:54 pm
New Delhi: India’s largest highways platform, Cube Highways, has appointed Pankaj Vasani as Group CFO.
Indian Rupee down 45 paise against USD
Aug 03, 2022, at 10:51 pm
Mumbai: The Rupee on Wednesday slid 45 paise to close at 79.16 against the USD on rising demand for the US Dollar from bankers and exporters, dealers at the Foreign Exchange said.
Indian Market: Sensex up 214.17 points
Aug 03, 2022, at 10:49 pm
Mumbai: The BSE Sensex on Wednesday rallied 214.17 points at 58,350.53 following gains in IT and technology stocks.
BharatPe appoints Nalin Negi as Chief Financial Officer
Aug 03, 2022, at 10:48 pm
Fintech company BharatPe Wednesday announced the appointment of Nalin Negi as its Chief Financial Officer.
Aug 03, 2022, at 04:54 pm
New Delhi: A few days after former RBI Governor Raghuram Rajan and ex-NITI Aayog Vice-Chairman Arvind Panagariya dismissed concerns over the possibility of India facing a Sri Lanka-like economic crisis, Finance Minister Nirmala Sitharaman Tuesday told Rajya Sabha the rupee's fall against the USD was not alarming and the unit has performed better than its peers.
Vedanta, Adani Ports, JSW Infra, Jindal Power submit EOIs for Karaikal Port auction
Aug 03, 2022, at 04:51 pm
The upcoming auction of Karaikal Port, which is undergoing insolvency procedure under the National Company Law Tribunal (NCLT), is likely to see the participation of Vedanta, Adani Ports and Special Economic Zone, JSW Infrastructure, Jindal Power, and a consortium of RKG Fund and Sagacious Capital, media reports said.
India crosses 75,000 recognised Startups
Aug 03, 2022, at 03:35 pm
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) has recognized more than 75,000 startups- a milestone which coincides with 75th year of independence.
Over 77 crore portable transactions recorded in ONORC Scheme
Aug 03, 2022, at 04:55 am
New Delhi: Since its inception in August 2019, about 77.88 Crore portable transactions have taken place under “One Nation One Ration Card” (ONORC), a technology-driven scheme that is being implemented for the nationwide portability of ration cards under the National Food Security Act (NFSA), the Ministry of Consumer Affairs, Food & Public Distribution said Tuesday.
India's merchandise exports dip 0.76 pc YoY in July, trade deficit widens to $31.02 billion
Aug 03, 2022, at 03:26 am
New Delhi: India's merchandise exports fell 0.76% year-on-year to $35.24 billion in July 2022 as compared to $35.51 billion in July 2021.
I-T Dept recovers Rs 24 cr in Gujarat
Aug 03, 2022, at 03:23 am
New Delhi: The Income Tax Department has carried out a search and seizure operation on a prominent business conglomerate engaged in the fields of textiles, chemicals, packaging, real estate, and education in Gujarat, an official statement said on Tuesday.
Adani Group forays into industrial 5G space
Aug 03, 2022, at 02:53 am
Ahmedabad: Adani Data Networks Ltd (ADNL) has acquired the right to use 400MHz of spectrum in the 26GHz millimetre wave band.
Tata Power and JLL India collaborate to provide Green Energy Solutions in the realty space
Aug 02, 2022, at 08:09 pm
New Delhi: Tata Power, one of India's largest integrated power companies, has signed a Memorandum of Understanding (MoU) with JLL India to promote green energy solutions in the realty space.
Aug 02, 2022, at 07:53 pm
New Delhi: Government of India has put 72,098 MHz spectrum to auction, of which 51,236 MHz (71% of the total) has been sold with a bid amounting to Rs. 1,50,173 Cr.
HDFC Bank Parivartan signs MoU with IISc Bangalore
Aug 02, 2022, at 06:31 pm
Bengaluru: HDFC Bank Parivartan on Tuesday signed a memorandum of understanding with the Indian Institute of Science (IISc) Bangalore.
Indian Market: Sensex drops by 66 points
Aug 02, 2022, at 03:49 pm
Mumbai: The BSE Sensex on Tuesday opened weak at 58,049.02, down by 66 points as selling was seen in Finance, Health Care and IT stocks.
Aug 02, 2022, at 03:32 pm
Kolkata: SpiceJet has entered into a full and final settlement with the Airports Authority of India (AAI) and has cleared all outstanding principal dues of the airport operator.