85% of Paytm wallet won't face interruptions due to regulatory actions: RBI Governor
Mar 07, 2024, at 07:08 am
New Delhi: Around 80-85% of Paytm wallet users will not face any interruptions due to regulatory actions, RBI Governor Shaktikanta Das stated on Wednesday.
Union Cabinet likely to clear Rs 76,220 cr to develop Vadhvan port in Maharashtra
Mar 07, 2024, at 06:24 am
The Union Cabinet, chaired by Prime Minister Narendra Modi, is likely to give the green signal to a Rs 76,220 crore project to develop a new deep-water major port at Vadhvan near Dahanu in Maharashtra, media reported
Adani Enterprises acquires France's Le Marche Duty Free SAS for 5,000 euros
Mar 07, 2024, at 04:41 am
Mumbai: Adani Enterprises on Wednesday said that its Dubai-based subsidiary, Ospree International FZCO, has purchased full ownership of France's Le Marche Duty Free SAS (LMDF) for 5,000 euros, media reported, citing a stock exchange filing.
Govt to divest up to 7% stake in NLC via OFS
Mar 07, 2024, at 04:36 am
New Delhi: The government plans to divest up to 7 percent of its stake in NLC India through an offer for sale (OFS), aiming to raise between Rs 2,000 crore and Rs 2,100 crore, media reports said.
India's FY24 GDP growth rate could near 8%: RBI Governor Shaktikanta Das
Mar 07, 2024, at 02:59 am
New Delhi: The Indian economy's GDP growth for the current fiscal year ending in March might be close to 8%, Reserve Bank of India (RBI) governor Shaktikanta Das said in an interview with ET Now on Wednesday.
Bandhan Long Duration Fund launched for investors seeking long-term debt investments
Mar 07, 2024, at 01:19 am
Bandhan Mutual Fund announced the launch of the Bandhan Long Duration Fund, an open-ended, long-term debt scheme that invests in instruments such that the portfolio Macaulay duration will be over 7 years.
Vi completes network deployment to provide connectivity across Kolkata underwater metro service
Mar 06, 2024, at 10:02 pm
Telecom major Vi on Wednesday announced the successful completion of its network deployment across the entire underground East-West Metro corridor route in East Idnian city of Kolkata.
Sensex touches lifetime high figure of 74085.99 as market closes in green
Mar 06, 2024, at 09:53 pm
The BSE Sensex on Wednesday closed at a lifetime high, touching 74K level at 74085.99 on the strength of Bankex, Technology and IT stocks.
SpiceJet & Cross Ocean Partners settle Rs 93 crore dispute
Mar 06, 2024, at 06:22 am
New Delhi: Private airline SpiceJet on Tuesday said that it has reached settlement terms with aircraft leasing firm, Cross Ocean Partners, resolving a dispute of about USD 11.2 million (Rs 93 Crore).
India's Apr-Feb coal prodn reaches 880.72 MT
Mar 06, 2024, at 06:00 am
New Delhi: India's coal production for April-February this fiscal reached 880.72 million tonnes (MT), bringing it within 119.28 MT of the FY24 target of 1 billion tonnes.
Adani Power gets creditors' consent to acquire Lanco Amarkantak Power
Mar 06, 2024, at 05:34 am
Mumbai: Adani Power has obtained consent from creditors for its proposed acquisition of insolvent Lanco Amarkantak Power, the company said in a stock market filing.
Singapore's anti-trust watchdog okays Vistara-Air India merger
Mar 06, 2024, at 03:06 am
Singapore's anti-trust regulator announced its approval of the merger between Air India, owned by Tata Group, and Vistara, a joint venture between Tata and Singapore Airlines, subject to certain conditions, Reuters reported.
RBI prohibits JM Financial Products from financing against shares and debentures
Mar 06, 2024, at 02:19 am
Mumbai: The Reserve Bank of India (RBI) on Tuesday said that JM Financial Products Ltd is barred from offering any type of financing involving shares and debentures, including granting loans against initial public offerings, effective immediately, media reports said.
Sensex slips 195.16 pts in special session
Mar 05, 2024, at 11:19 pm
The BSE Sensex on Tuesday slipped 195.16 pts to settle at 73677.13 on profit booking by local operators.
SBI urges Supreme Court to extend deadline for providing electoral bonds info
Mar 05, 2024, at 03:03 am
New Delhi/IBNS: The State Bank of India (SBI) has requested the Supreme Court to extend the deadline till June 30 for providing information about electoral bonds to the Election Commission.
Sensex rises marginally by 66.14 pts as market closes
Mar 04, 2024, at 10:30 pm
The BSE Sensex on Monday advanced 66.14 pts to close at 73872.29 as renewed buying was witnessed in Oil & Gas, Power, Utilities and Energy stocks.
Sensex opens flat at 73903.09 points during opening trade
Mar 04, 2024, at 04:18 pm
The BSE Sensex on Monday was almost flat to open at 73903.69', rising 17 points as buying was seen in oil and gas, power, and real estate stocks.
India maintains its status as the world’s fastest-growing economy with 8.4 pct growth
Mar 04, 2024, at 01:00 am
In a testament to its resilience and growth trajectory, India has once again emerged as the world’s fastest-growing major economy, showcasing an impressive 8.4% expansion in the final quarter of 2023 compared to the previous year.
OpenAI CEO Sam Altman's net worth reaches $2 billion: Bloomberg Billionaire Index
Mar 03, 2024, at 07:38 pm
Sam Altman, the Founder and CEO of OpenAI, saw his net worth reach $2 billion according to the Bloomberg Billionaire Index. However, it's noteworthy that despite his leadership in the AI research firm, the company's financial prosperity doesn't factor into this valuation.
APEDA facilitates India’s first commercial trial shipment of Sangola pomegranates to the US via sea
Mar 02, 2024, at 08:12 am
New Delhi: India successfully flagged off its first commercial trial shipment of pomegranates to the United States via sea on Wednesday.
CIL signs Mou with IIM Mumbai and Sambalpur to boost logistics efficiency
Mar 02, 2024, at 07:59 am
New Delhi: State-owned miner Coal India Limited (CIL) entered into a Memorandum of Understanding (MoU) with the Indian Institute of Management (IIM) Mumbai and Sambalpur on Friday to boost logistic efficiency.
GRSE pays interim dividend of Rs 90.73 crores for FY 2023-24
Mar 02, 2024, at 07:38 am
New Delhi: Warship builder Garden Reach Shipbuilders and Engineers Ltd (GRSE) has paid an interim dividend of Rs 90.73 crore for FY 2023-24 to its shareholders.
Paytm Payments Bank fined Rs 5.49 cr for flouting money laundering regulations
Mar 02, 2024, at 05:54 am
Mumbai: The Financial Intelligence Unit - India (FIU-IND) has imposed a substantial penalty of Rs 5,49,00,000 on Paytm Payments Bank Ltd for purported violations of anti-money laundering regulations under the Prevention of Money Laundering Act (PMLA).
C-DOT and Qualcomm sign MoU to build innovative telecom solutions in India
Mar 02, 2024, at 05:14 am
New Delhi: The Centre for Development of Telematics (C-DOT) announced plans to collaborate with Qualcomm Technologies Inc, a subsidiary of Qualcomm Incorporated, to establish a strategic partnership that will foster innovation in India and support India-based developers and start-ups working on innovative products and use cases.
Torrent Power wins 100 MW renewable power project of Railway Energy Management Company
Mar 02, 2024, at 04:52 am
New Delhi: Private integrated power utility major Torrent Power on Friday said it has emerged as the successful bidder for setting up grid-connected renewable power projects for the supply of 100 MW round-the-clock power for Railway Energy Management Company Limited.
NEFT witnesses highest ever daily transaction on Feb 29
Mar 02, 2024, at 04:31 am
Mumbai: The Reserve Bank of India (RBI) announced on Friday that the National Electronic Funds Transfer (NEFT) recorded its highest-ever daily transaction volume of Rs 4.10 crore on February 29, 2024.
Mar 02, 2024, at 03:29 am
New Delhi: The Ministry of Defence inked five significant capital acquisition deals worth Rs 39,125.39 crore on Friday in New Delhi to boost the government’s Make-in-India initiative and indigenous capabilities in defence.
TVS Motor Company registers sales grow by 33 pct in February
Mar 01, 2024, at 11:32 pm
Automobile major TVS Motor Company recorded monthly sales of 368,424 units in February 2024 with a growth of 33% as against 276,150 units in February 2023.
Mahindra Auto sells 42,401 SUVs in February 2024, sales up 40 pct
Mar 01, 2024, at 11:30 pm
Auto major Mahindra & Mahindra Ltd. (M&M Ltd.) on Friday announced that its overall auto sales for the month of February 2024 stood at 72,923 vehicles, a growth of 24%, including exports.
Paytm and PPBL agree to discontinue various inter-company agreement
Mar 01, 2024, at 11:27 pm
Within days of reconstituting the Board of Directors, One 97 Communications Ltd (Paytm) on Friday said that the Company and its associate entity, Paytm Payments Bank Limited (PPBL), have introduced additional measures to strengthen their approach towards independent operations of PPBL.