CCI green lights Nirma Ltd's acquisition of Glenmark Life Sciences
Dec 20, 2023, at 05:07 am
New Delhi: The Competition Commission of India (CCI) on Tuesday gave its nod to Nirma Limited to acquire the majority shares of Glenmark Life Sciences Limited.
RBI allows digital payment firms Razorpay and Cashfree Payments to function as payment aggregators
Dec 20, 2023, at 04:56 am
Mumbai: Digital payment firms Razorpay and Cashfree Payments have obtained the final approval from the Reserve Bank of India (RBI) to function as payment aggregators, allowing them to onboard new merchants following a nearly one-year regulatory ban, media reports said.
Borrowing for consumer durables on the rise; EMI cards remain popular medium of credit: Survey
Dec 20, 2023, at 04:51 am
Mumbai: The trend in borrowing, in the last three years, has shifted from running the household to buying consumer durable such as smartphones and home appliances, according to a study.
NTPC market cap crosses Rs 3 trillion, joins Reliance, TCS in elite club
Dec 20, 2023, at 04:05 am
Mumbai: The state-owned power generation company, National Thermal Power Corporation (NTPC), has entered the league of companies with a market capitalization exceeding Rs 3 trillion.
Unclaimed deposits with banks rise 28% YoY to Rs 42,272 cr
Dec 20, 2023, at 03:52 am
New Delhi: There has been a significant 28 percent annual increase in unclaimed deposits held by banks, amounting to Rs 42,270 crore, the government informed the Parliament on Tuesday.
RBI prohibits lenders from investing in AIFs linked to their borrowers
Dec 20, 2023, at 03:20 am
Mumbai: The Reserve Bank of India (RBI) on Tuesday said that entities under its regulation, including banks, non-bank lenders, and home financiers, are prohibited from investing in alternative investment funds (AIFs) that have, either directly or indirectly, invested in companies that have borrowed funds from these lenders.
EV registration jumps 19% between June and December
Dec 20, 2023, at 03:16 am
New Delhi: The Ministry of Heavy Industries on Tuesday said that a total of 819,223 electric vehicles (EVs) have been registered, according to a press release.
Varun Beverages to buy Pepsi India's bottler in South Africa
Dec 20, 2023, at 02:56 am
Varun Beverages, the Pepsi India bottler, on Tuesday announced its plans to acquire The Beverage Company, a South Africa-based entity, in a deal valued at 13.2 billion rupees ($158.71 million), media reports said.
Indian Market: Sensex regains 122 pts
Dec 19, 2023, at 09:50 pm
The BSE Sensex on Tuesday bounced back 122.10 pts to close high at 71,437.19 on the strength of Energy, Utilities, FMCG and Consumer Durable stocks.
Sensex falls by over 100 points
Dec 19, 2023, at 04:39 pm
Mumbai/UNI: The BSE Sensex on Tuesday lost further by 123.31 points at 71,191.88 in the opening session as selling was seen across the board.
Indian Market: Sensex falls 168.66 pts
Dec 18, 2023, at 10:51 pm
The BSE Sensex on Monday declined 168.66 pts to settle at 71,315.09 as selling was seen in Realty, Bankex and Utilities stocks.
Raghuram Rajan explores strategies for India's economic future in ISB discussion
Dec 18, 2023, at 07:25 pm
Hyderabad/UNI: Former Reserve Bank of India (RBI) Governor, Raghuram Rajan, shared insights into key strategies that can propel India's growth in the coming decades during a discussion on his latest book, 'Breaking the Mould: Reimagining India's Economic Future,' at the Hyderabad campus of the Indian School of Business (ISB).
Dec 17, 2023, at 06:58 pm
Surat: Prime Minister Narendra Modi Sunday officially inaugurated the Surat diamond exchange, a facility that is now bigger than the Pentagon, which was the largest office space globally.
Adani Group takes over news agency IANS
Dec 17, 2023, at 03:18 am
New Delhi: Adani Group has acquired a majority 50.50% stake in New Delhi-based news agency IANS India Pvt Ltd (IANS), according to a regulatory filing by the business conglomerate.
Volvo Car India to hike prices from January
Dec 16, 2023, at 08:44 am
Kolkata: Volvo Car India will increase its ex-showroom prices by up to 2 per cent from January 1, 2024.
Cabinet approves declaration of Surat Airport as an International Airport
Dec 16, 2023, at 08:24 am
New Delhi: The Union Cabinet chaired by the Prime Minister Narendra Modi on Friday approved the proposal to declare Surat Airport as an international airport.
Air India gets DGCA approval for A350 engineering maintenance
Dec 16, 2023, at 08:16 am
Gurugram: Air India has received the DGCA approval for engineering line maintenance of A350 and A320 aircraft, the Tata Group-owned airline said on Friday.
Cargo handling in major ports of India reached 1617 MTPA on March 2023
Dec 16, 2023, at 08:12 am
New Delhi: The cargo handling capacity of the major ports of the country has gone up to 1617.39 Million Tonnes Per Annum (MTPA) as of March 2023, the Minister of Ports said on Friday.
Infinix Smart 8HD smartphones segment begins from Rs. 6299
Dec 16, 2023, at 05:25 am
Kolkata: Smartphone maker Infinix recently introduced the highly anticipated Infinix Smart 8HD, the latest addition to the Smart series.
Dec 16, 2023, at 04:56 am
New Delhi: The sudden ban on the use of cane juice for the production of ethanol has put at risk the Rs 15,000 crore investment made by the sugar industry in the last three years, the Indian Sugar Mill Association (ISMA) said, a media report said.
Mazagon Dock seals $42 Million deal with European partner for trio of vessels
Dec 16, 2023, at 03:19 am
Mumbai: Mazagon Dock Shipbuilders Ltd revealed on December 15 that it has secured a $42 million deal with a European client for the construction of three multi-purpose hybrid-powered vessels.
India's November merchandise deficit narrows by 2.84% YoY to $20.58 billion
Dec 16, 2023, at 03:09 am
New Delhi: After reaching a record high in October, India's merchandise trade deficit contracted to $20.58 billion in November 2023, primarily due to a substantial decline in gold imports, as reported by the commerce ministry on December 15.
RBI imposes monetary penalty on five co-operative banks for non-compliance of rules
Dec 15, 2023, at 06:40 pm
Mumbai/UNI: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 14 lakh on five co-operative banks for non-compliance with rules on Friday.
Indian Market: Sensex still on top, opens at 70,804.13 pts
Dec 15, 2023, at 03:54 pm
The BSE Sensex remained on top on Friday too, as it opened at 70,804.13, advancing 290 pts on the strength of Metal, Oil and Gas and Energy stocks.
Dec 15, 2023, at 06:07 am
Kolkata: Seventeen start-ups from India, Nepal, Bhutan and Bangladesh are participating in a three-day workshop organised by the U.S. Consulate General Kolkata and KIIT-Technology Business Incubator (KIIT-TBI) here on Wednesday.
Walmart, Hero Cycles pedal towards resilient supply chains with “Make in India” triumph
Dec 15, 2023, at 04:33 am
The holiday season is upon us, and with it comes a surge in demand for bicycles.
Adani Group plans to invest Rs 8,700 cr in Bihar; will add 10,000 jobs
Dec 14, 2023, at 11:08 pm
Patna: The Adani Group plans to invest Rs 8,700 crore in Bihar across various sectors, generating employment opportunities for approximately 10,000 people, said Adani Enterprises Director Pranav Adani.
Dec 14, 2023, at 05:23 pm
Mumbai/UNI: The rupee on Thursday rallied eight paise at 83.32 in the opening session against US Dollar on the sale of US dollars by bankers and exporters, dealers at the Foreign Exchange said.
Dec 14, 2023, at 05:03 pm
Mumbai/UNI: The BSE Sensex on Thursday posted huge gains of 787.90 points to 70,372.50 in the opening session, as buying was seen across the board.
RBI authorises Bandhan Bank to disburse pension on behalf of Indian Railways
Dec 14, 2023, at 06:16 am
Kolkata: Private sector lender Bandhan Bank on Wednesday announced that it has been authorised by the Reserve Bank of India (RBI) for the disbursement of pensions through e-PPOs on behalf of the Ministry of Railways.