Mandar Satpute becomes ZestMoney's new chief banking officer
Aug 19, 2021, at 11:55 pm
Mumbai/IBNS: Fintech company ZestMoney has promoted Mandar Satpute to the chief banking officer's post, media reports said.
Exporters fear 200-400 pc jump in freight costs will drive buyers to other markets
Aug 19, 2021, at 10:56 pm
New Delhi/UNI: The 200-400 per cent increase in sea freight charges is fast eroding exporters' profitability thus partially negating the gains from high double-digit growth in outward shipments and leaving little funds for capacity expansion.
Extend financial support to youth: Jammu and Kashmir LG Manoj Sinha to SBI Chairman
Aug 19, 2021, at 09:42 pm
Srinagar: Lieutenant Governor (LG) Manoj Sinha on Tuesday asked the Chairman of the State Bank of India, Dinesh Kumar Khara to extend financial handholding to the youth through various schemes and interventions.
Fareportal Partners with Hamari Udaan to Support Critical Medical Needs
Aug 19, 2021, at 04:30 pm
Gurgaon: Leading travel technology company Fareportal India has partnered with healthcare focused non-profit NGO Hamari Udaan to provide critically needed medical infrastructure for health centers in Tier 2 cities in India.
Banks to remain closed from August 19 to 23 in many states
Aug 19, 2021, at 04:19 am
New Delhi/IBNS: Banks will remain closed for five days with several regional and national holidays along with weekly-offs.
RBI issues revised locker rules for banks
Aug 19, 2021, at 02:02 am
Mumbai/IBNS: The Reserve Bank of India (RBI) Wednesday issued revised rules on safe deposit locker and safe custody article facility provided by banks.
Samsung India signs up Alia Bhatt as face of Galaxy Z Series
Aug 19, 2021, at 12:34 am
Mumbai/IBNS: Samsung India has signed up Bollywood actress Alia Bhatt as the face of its Galaxy Z series smartphones for the country.
Amazon invests in Indian fintech platform Smallcase
Aug 19, 2021, at 12:18 am
Bengaluru/IBNS: Amazon has made its debut in India's wealth management sector, taking part in the $40 million Series C round funding by platform Smallcase. The other leading investors in the round were Faering Capital and Premji invest.
Tata Motors unveils its second EV for personal segment
Aug 18, 2021, at 11:51 pm
Mumbai: Following the stupendous success of the Nexon EV, which on Wednesday commands a nearly 70% share in the burgeoning Indian EV market, Tata Motors is now gearing up to launch its second EV offering for the personal segment - the all-new Tigor EV.
Tata Steel commissions its first Steel Recycling Plant in Rohtak
Aug 18, 2021, at 11:47 pm
New Delhi: As part of its commitment to a sustainable tomorrow, Tata Steel has commissioned its new 0.5 MnTPA Steel Recycling Plant at Rohtak, Haryana.
Indian Bank launches its premier mentorship program ‘MSME Prerana’ in Odisha
Aug 18, 2021, at 11:43 pm
Bhubaneshwar: Indian Bank, amongst the leading PSU Banks in the country, launched its flagship business mentoring program - ‘MSME Prerana’ – at Odisha in an event at Bhubaneswar on Wednesday.
Volkswagen India announces start of production and pre-bookings open for the much-awaited
Aug 18, 2021, at 11:40 pm
Mumbai/Pune: Volkswagen Passenger Cars India announces the start of production and pre-bookings open for the much-awaited SUVW – the Taigun.
Union Cabinet approves National Mission on Edible Oils to reduce palm oil imports
Aug 18, 2021, at 11:19 pm
New Delhi/IBNS: The Union Cabinet has approved the Rs 11,040 crore National Mission on Edible Oils-Oil Palm to give impetus to palm oil production in India and cut down dependence on expensive imports from South East Asia.
India to lease petroleum storage capacity after change in policy: Report
Aug 18, 2021, at 10:53 pm
New Delhi/IBNS: The government has decided to lease its federal storage capacity and started selling oil from its Strategic Petroleum Reserve (SPR) to state-run refiners to free up space for the purpose, according to media reports.
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.