RBI allows HDFC to issue new credit cards
Aug 18, 2021, at 08:34 pm
Mumbai/IBNS: The Reserve Bank of India has relaxed the restrictions placed on HDFC bank to issue new cards.
Taxes embedded in primary input steel not factored in RoDTEP rates: EEPC India
Aug 18, 2021, at 07:40 am
While it is a relief that the Remission of Duties and Taxes on Exported Products (RoDTEP) rates have been announced, the rates have not taken into account the taxes embedded in their raw-material like steel in the engineering products in a large number of cases, according to EEPC India.
SII buys 50 pc stake in pharma packaging firm Schott Kaisha
Aug 18, 2021, at 06:41 am
Pune/IBNS: Pune-based manufacturer of AstraZeneca vaccine, Covishield, Serum Institute of India (SII) has acquired a 50 per cent stake in SCHOTT Kaisha to become SCHOTT's joint venture partner and secure the pharma packaging supply, the pharma company announced on Tuesday.
Will enforce single-judge order against FRL-RIL deal if no stay order by SC: HC
Aug 18, 2021, at 05:18 am
New Delhi/IBNS: The Delhi High Court Tuesday said it will implement the ruling issued by the single-judge bench restraining Future Retail Ltd (FRL) from selling its retail assets for Rs 24,713 crore with Reliance Retail to sell its business, which was opposed by US-based e-commerce giant Amazon, in case no stay is obtained from the Supreme Court within four weeks.
Kolkata based company NEI introduces next gen decentralized token
Aug 18, 2021, at 03:34 am
Kolkata/IBNS: Kolkata-based Netwood Entertainment Industry (NEI) recently introduced NEWOCOIN - a next gen de-centralized token with a total supply of 999 billion tokens.
How Stock Market Affects Economy
Aug 18, 2021, at 03:28 am
If you have ever wondered if the stock market would play a part in the economy. You are surely right on that thought, and it takes a big part. You might hear people saying the stock market has done this to the economy of our country, the stock market has done to the economy of our country and so much more, are they just saying that or is it real? Is it true? Let's find out here.
Flipkart to set up 4 new facilities in Maharashtra, 4,000 jobs to be created
Aug 18, 2021, at 01:09 am
Mumbai/IBNS: Walmart-run e-commerce major Flipkart has announced it will strengthen its presence in the western state of Maharashtra by setting up four new facilities.
Rupee down 10 paise against USD
Aug 18, 2021, at 12:59 am
Mumbai/UNI: The Rupee on Tuesday slipped ten paise to 74.35 against the USD in the closing session on rising demand for US Dollar by bankers and exporters, dealers at the Forex Market said.
Schneider Electric elevates Sachin Bhalla to lead its Secure Power division in India
Aug 18, 2021, at 12:55 am
Kolkata/UNI: Schneider Electric, a player in energy management and automation, on Tuesday announced the appointment of Sachin Bhalla as the Vice President and Country General Manager for India and SAARC in the Secure Power division of Schneider Electric’s Energy Management Business.
Vodafone Idea reports net loss of Rs 7,300 cr in Q1FY22
Aug 17, 2021, at 11:02 pm
Mumbai/IBNS: Vodafone Idea Ltd presented yet another dismal performance as the telecom major announced its Q1FY22 results marked by an erosion of subscriber base.
Indian Market: Sensex closes life time high at 55,792.27 pts
Aug 17, 2021, at 10:49 pm
Mumbai/UNI: The BSE Sensex on Tuesday closed at a new peak of 55,792.27, advancing 209.69 pts following gains in IT, Technology, Health Care and FMCG stocks.
Tech Mahindra moves up 3.21 pc to Rs 1411.50
Aug 17, 2021, at 10:47 pm
Mumbai/UNI: Tech Mahindra on Tuesday surged 3.21 pc to Rs 1411.50, a major gainer in 30 scrips of BSE.
Indian Railways partners with GatewayRail to start Assured Transit Time Services
Aug 17, 2021, at 05:05 pm
Mumbai/IBNS: Indian Railways commenced its Assured Transit Time Services under the new Freight Express Scheme with GatewayRail on August 15 this year.
Tilaknagar Industries returns to black net sales up 140 per cent in June quarter
Aug 17, 2021, at 04:58 pm
Mumbai/IBNS: Leading alcoholic beverage manufacturer, Tilaknagar Industries Limited, reported a 140 per cent increase in net sales to Rs 135.30 crore in the quarter ended June 2021.
IIM Ahmedabad inaugurates Brij Disa Centre for Data Science and Artificial Intelligence
Aug 17, 2021, at 04:53 pm
Ahmedabad/IBNS: The Indian Institute of Management Ahmedabad, a premier global management institute has launched the Brij Disa Centre for Data Science and Artificial Intelligence (CDSA).
No relief in sight from high fuel prices, FM Nirmala Sitharaman blames UPA-era oil bonds for it
Aug 17, 2021, at 12:08 am
New Delhi/UNI: There seems to be no relief in sight for consumers feeling the heat of higher fuel prices with the government insisting that it has to pay dues on account of oil bonds issued during UPA era to keep diesel and petrol prices in check.
Its raining offers from SBI for its retail customers
Aug 16, 2021, at 11:18 pm
New Delhi: As the country is celebrating Azadi Ka Amrit Mahotsav – which is a GOI’s initiative to commemorate 75 years of Indian independence – the country’s largest bank State Bank of India (SBI) is also geared up to provide an array of offerings on its retail loans and deposits to its customers.
ICICI Securities on-boards Rohit Ambosta for its New Solutions Group
Aug 16, 2021, at 11:16 pm
Mumbai: ICICI Securities (I-Sec), retail-led equity franchise, distributor of financial products, and investment bank, on Monday said that it has on-boarded Rohit Ambosta in the leadership team of the New Solutions Group.
Sensex closes on record high at 55,582.58 points
Aug 16, 2021, at 10:10 pm
Mumbai/UNI: The BSE Sensex on Monday ended on life time high at 55,582.58 on the strength of metals, materials, oil & gas and energy stocks.
Linc Pen attributes sales offtake in recent quarter results to improved customer sentiment
Aug 14, 2021, at 05:47 pm
Kolkata/IBNS: Indian writing instruments manufacturer Linc Pen reported a cash profit of Rs. 1.47 crore during the first quarter of 2021-22 ended June 31, 2021 compared with a cash loss of Rs. 2.22 crore in the year ago quarter.
Engineering goods on way to reaching US$107 billion mark in FY22: EEPC India
Aug 14, 2021, at 05:41 am
New Delhi/IBNS: Engineering goods sector remains one of the main growth drivers of exports from India and going by the trend in April-July period of the current fiscal, annual target of US$107 billion looks quite doable, said Engineering Export Promotion Council (EEPC) India Chairman Mahesh Desai.
Prime Minister Narendra Modi launches voluntary automotive scrappage policy
Aug 14, 2021, at 02:57 am
New Delhi/IBNS: Prime Minister Narendra Modi today launched the Voluntary Vehicle Fleet Modernisation Programme, or better known as the automotive scrappage policy through a video link at the Investor Summit in Gujarat.
Cummins India unveils ‘Made in India’ 2500kva Commercial Diesel Generator
Aug 13, 2021, at 11:42 pm
Kolkata/IBNS: Cummins India Limited unveiled its ‘Made in India’ - QSK60 G23: 2500-2750 kVA Diesel Generator (DG) set at its 60th Annual General Meeting held on August 12.
Airtel, Jio complete Rs 1,008 cr spectrum trading deal
Aug 13, 2021, at 10:59 pm
Mumbai/IBNS: Telecommunications major Bharti Airtel has completed the trading deal to sell 800 Mhz airwaves in three circles to Reliance Jio Infocomm (Jio), according to media reports.
Indian Market: Sensex opens lifetime high at 55,192.29 pts
Aug 13, 2021, at 07:12 pm
Mumbai/UNI: BSE Sensex on Friday opened at a lifetime high at 55,192.29, rising by 348 pts in the opening session as buying was seen across the board.
Rupee recovers 18 paise against USD
Aug 13, 2021, at 12:53 am
Mumbai/UNI: The Indian Rupee on Thursday bounced back by 18 paise to close positive at 74.26 against the USD on the selling of US Dollar by bankers and importers, dealers at the Forex Market said.
Passenger vehicle sales in July up 45 pc, signals economic recovery
Aug 13, 2021, at 12:48 am
New Delhi/UNI: Pumped by favourable base effect and pent-up demand, passenger vehicle sales jumped 45 per cent in July 2021 to 2,64,442 units as compared to 1,82,779 units in the same month last financial year.
Indian delegation to take part in 6th Eastern Economic Forum
Aug 12, 2021, at 05:14 am
Moscow/IBNS: Ambassador of India to the Russian Federation D. B. Venkatesh Varma participated in a meeting at Moscow with Russian President and Executive Secretary of the Eastern Economic Forum Organizing Committee Anton Kobyakov during which they discussed possible formats for India’s participation in the EEF 2021 and SPIEF 2022.
Etihad halves H1 2021 operating loss to US$0.4 billion
Aug 12, 2021, at 04:01 am
Abu Dhabi/IBNS: Etihad Airways has announced operating and financial results for the first half of 2021.
Abolition of Retrospective Taxation will strengthen trust between government and industry: PM Modi
Aug 12, 2021, at 02:45 am
New Delhi/IBNS: Prime Minister Narendra Modi Wednesday said the abolition of the Retrospective Taxation will strengthen the trust between the government and the industry, days after Parliament passed a bill to abolish the system.