India's trade deficit narrows sequentially to $20.78 billion in September
Oct 16, 2024, at 10:58 pm
New Delhi/IBNS: India’s trade deficit narrowed to a five-month low of $20.8 billion in September, down from $29.7 billion in August, as per data released on Wednesday (Oct. 16).
Adani Group delays $1.5 billion worth 20-year Green Bond sale as investors bid at higher yields
Oct 16, 2024, at 10:53 pm
Ahmedabad/IBNS: The Gautam Adani-led conglomerate Adani Group decided to delay a planned sale of 20-year green dollar bonds on Tuesday (Oct. 15), despite marketing the deal to investors earlier in the day, reports Bloomberg.
Union Cabinet hikes MSP for 6 Rabi crops
Oct 16, 2024, at 10:50 pm
New Delhi: Ahead of Diwali, the Union Cabinet approved an increase in the minimum support price (MSP) for six Rabi crops for the 2025-26 marketing season, Union Minister Ashwini Vaishnaw announced on October 16 during a press briefing.
Oct 16, 2024, at 09:02 pm
New Delhi/IBNS: Starlink CEO Elon Musk recently stated that Starlink "will do our best to serve the people of India."
India's gaming industry set to double by 2028: PwC report
Oct 16, 2024, at 07:19 am
Mumbai: India’s gaming industry, which encompasses both real money gaming (RMG) and casual gaming, is projected to double its revenues over the next four years from its current base of Rs 33,000 crore.
Muthoot FinCorp Ltd announces XVII Tranche II series of NCDs, aims to raise Rs 250 cr
Oct 16, 2024, at 06:49 am
Kolkata: Muthoot FinCorp Ltd has announced XVII Tranche II series of secured, redeemable, non-convertible debentures of face value of Rs 1000 each to raise an amount aggregating to Rs 250 crore which is within the shelf limit of Rs 2000 crore.
Haldia Petrochemicals Ltd. announces new appointments
Oct 16, 2024, at 06:42 am
Kolkata: Haldia Petrochemicals Ltd (HPL) announced key additions to its leadership team with the appointment of Sanjiv Vasudeva as Executive Vice President & Chief Marketing Officer (CMO) and Bani Broto Banerjee as Senior Vice President - Business Development, said an official statement.
India needs more women in workforce to spur growth, say experts
Oct 16, 2024, at 06:04 am
New Delhi: With just a 32 percent female labour force participation rate in South Asia, increasing women’s employment requires a holistic approach and action from all stakeholders, experts said at a discussion on “Policy Options to Raise Female Employment in India”, organised jointly by the National Council of Applied Economic Research and the World Bank here on Tuesday.
HCL Tech's Q2FY25 net profit rises 11% YoY to Rs 4,235 cr
Oct 16, 2024, at 05:44 am
Mumbai: HCLTech's Q2 FY25 net profit rose 11 percent on-year to Rs 4,235 crore, media reports said.
HDFC Life Q2FY25 profit rises 15% YoY to Rs 433 cr
Oct 16, 2024, at 05:20 am
Mumbai: HDFC Life reported a 15 percent year-on-year increase in net profit for Q2 FY25, reaching Rs 433 crore, surpassing market expectations, media reports said.
Samsung India's Chennai plant workers call off month-long strike
Oct 16, 2024, at 04:15 am
The workers' strike at Samsung India's plant near Chennai has been called off after a resolution was reached, with management announcing several welfare measures on October 15, media reports said.
Reliance Industries Ltd Q1Fy25: Profit rises 9% to Rs 16,563 cr
Oct 16, 2024, at 03:36 am
Mumbai: Reliance Industries Ltd's second-quarter net profit for the fiscal year rose by 9.4 percent compared to the previous quarter, reaching Rs 16,563 crore, surpassing analysts' expectations, driven by strong performance in its telecom and retail divisions.
IndiGo Ventures gets SEBI approval to launch Venture Capital Fund to invest in aviation startups
Oct 16, 2024, at 12:50 am
Gurugram: Budget carrier IndiGo Tuesday announced that its corporate venture capital fund, IndiGo Ventures, has received the Alternative Investment Fund approval from the Securities and Exchange Board of India (SEBI), according to an official statement.
Bhutan's Drukair firms up order for Airbus A321XLR, A320neo aircraft
Oct 15, 2024, at 10:21 pm
Paro/IBNS: Drukair - Royal Bhutan Airlines, the national flag carrier of Bhutan, has firmed up an order with Airbus for three A320neo and two A321XLR aircraft to expand its international network.
India's retail inflation climbs to 5.49%, highest in CY24; WPI inflation also rises
Oct 15, 2024, at 08:34 pm
New Delhi/IBNS: Retail inflation in India surged to a nine-month high in September, driven by rising food prices and the diminishing impact of a favourable base effect.
Hyundai Motor India IPO opens: Issue subscribed 10% till noon on Day 1, retail portion booked 17%
Oct 15, 2024, at 08:30 pm
Mumbai/IBNS: Hyundai Motor India’s Rs 27,870-crore initial public offering (IPO) saw a modest response on its first day, with 10 percent of the total offer being subscribed within the first two hours.
Oct 15, 2024, at 06:58 pm
New Delhi/IBNS: Gunjan Tilak Raj Soni, the independent director of Indian multinational restaurant aggregator and food delivery company Zomato, has resigned from her position effective immediately due to increasing work commitments.
Oyo parent Oravel Stays likely to raise $200 million at 2x valuation of $4.5-5 billion: Report
Oct 15, 2024, at 05:59 pm
New Delhi/IBNS: Oravel Stays, the parent company of the global travel and hospitality firm Oyo, is reportedly in discussions to raise $200 million through a primary funding round, according to a report by Business Standard.
Oct 15, 2024, at 12:05 am
Mumbai/IBNS: India's beloved industrialist and philanthropist Ratan Tata's demise last week triggered emotions and mournings all across the country.
Nobel Prize in economic sciences awarded to Daron Acemoglu, Simon Johnson and James A. Robinson
Oct 14, 2024, at 11:30 pm
Three economists have been awarded the Nobel Prize for their studies of 'how institutions are formed and affect prosperity'.
Oct 12, 2024, at 08:02 pm
New Delhi/IBNS: Union Minister for Commerce and Industry Piyush Goyal said that two way trade between Europe and India can grow exponentially if both sides understand each other's concern and cooperate meaningfully.
Noel Tata, half-brother of Ratan Tata, appointed as Tata Trusts chairman
Oct 11, 2024, at 08:01 pm
New Delhi/IBNS: Noel Tata, the half-brother of industrialist Ratan Tata who passed away on Wednesday, has been appointed as the chairman of Tata Trusts, media reports said.
India Inc mourns Ratan Tata's demise
Oct 10, 2024, at 09:33 pm
Mumbai: As Indians from all walks of life mourn the loss of the country’s beloved industrialist Ratan Tata, business leaders have shared heartfelt tributes to the iconic figure, whose life and legacy have left an enduring impact for generations to come.
Gold price rises ahead of US inflation data
Oct 10, 2024, at 06:20 pm
Mumbai/IBNS: Gold prices edged higher in the domestic futures market on Thursday (Oct. 10) morning, ahead of key US inflation data that could shape the Federal Reserve’s future monetary policy decisions.
Shares of Tata Elxsi, TTML, Tata Power jump up to 15% in stock market today
Oct 10, 2024, at 06:09 pm
Mumbai/IBNS: Hours after Ratan Tata's death, Tata Group stocks experienced a surge in buying activity during early trading on Thursday (Oct. 10).
Noel Tata takes centre stage in Tata Group's leadership transition after Ratan Tata's death
Oct 10, 2024, at 05:56 pm
Mumbai/IBNS: The demise of Tata Group chairman Ratan Tata has brought attention to the future leadership of Tata Trusts, where his half-brother, Noel Tata, is emerging as a significant figure, reports said.
TCS to set up IT hub in Vizag; to create 10,000 jobs: Andhra Pradesh minister Nara Lokesh
Oct 10, 2024, at 06:42 am
New Delhi: Andhra Pradesh cabinet minister Nara Lokesh announced on Wednesday that Tata Consultancy Services (TCS) will establish an IT facility in the state, which is expected to employ 10,000 people, news agency PTI reported.
Akasa Air partners with Rolls Royce for engine leasing deal
Oct 10, 2024, at 06:16 am
Mumbai: Akasa Air and Rolls-Royce & Partners Finance Engine Leasing (India) IFSC Pvt Ltd have entered into a partnership to provide a long-term sale and leaseback arrangement for two LEAP-1B engines, with deliveries scheduled for September and October 2024.
Adani Enterprises launches QIP to raise at floor price Rs 3117.47 per share
Oct 10, 2024, at 04:13 am
Mumbai: Adani Enterprises Ltd, the flagship firm of billionaire Gautam Adani's conglomerate, launched its Qualified Institutional Placement (QIP) on Wednesday, setting the floor price for the issue at Rs 3,117.4750 per equity share, reflecting a 1.2% discount to the day’s closing price, reported Moneycontrol.
Union Cabinet approves extension of distribution of fortified rice till Dec 2028
Oct 10, 2024, at 03:31 am
New Delhi: The Central government on Wednesday approved the extension of the universal distribution of fortified rice across all its welfare schemes, including the PM Garib Kalyan Anna Yojana (PMGKAY), until December 2028.