Apr 27, 2023, at 09:57 pm
New Delhi/IBNS: A Union Cabinet meeting chaired by Prime Minister Narendra Modi approved the National Medical Devices Policy, 2023 Wednesday with the aim to bolster India as the global leader in the manufacturing and innovation of medical devices by achieving a 10-12% share in the expanding global market over the next 25 years, the government said in a statement.
Bajaj Allianz Life to disburse Rs 1,201 cr as bonus for FY23 to participating policyholders
Apr 27, 2023, at 05:42 am
Bajaj Allianz Life has declared a bonus of Rs 1,201 crores for its participating policyholders, which includes a regular reversionary bonus of Rs. 872 crores and a Terminal & Cash bonus of Rs. 329 crores.
Reliance General Insurance to accept Central Bank Digital Currency through YES Bank
Apr 27, 2023, at 05:19 am
Mumbai: Reliance General Insurance has tied up with YES Bank to facilitate the collection of premiums in the digital mode using the bank’s e₹ platform, the company said in a statement.
NSE revises methodology of Nifty equity indices for demergers
Apr 27, 2023, at 05:11 am
Mumbai: NSE Indices, a subsidiary of NSE, has announced the revisions in the treatment of demerger in Nifty equity indices.
Uber expands ‘Reserve’ rides to six more cities in India, adds cash payment option
Apr 27, 2023, at 03:08 am
New Delhi: Ride-hailing app Uber today announced the expansion of ‘Reserve’ across six more cities in India, providing riders across the option to pre-book their rides 30 minutes to 90 days ahead of their travel, the company said in a statement.
ISDS empowers Manjeet Kumar: A success story for progressive farmers in JK
Apr 26, 2023, at 05:57 am
Trindi/J&K: Manjeet Kumar, a livestock farmer from Trindi village in Samba District, J&K started his journey as a successful entrepreneur by implementing the Integrated Sheep Development Scheme (ISDS) in Jammu and Kashmir, which helped him make progress as a progressive farmer.
J&K Bank receives award for exceptional contribution to PM Awas Yojana
Apr 26, 2023, at 04:53 am
Srinagar/IBNS: J&K Bank was presented with an award by Housing and Urban Development Corporation Ltd (HUDCO) for its remarkable efforts in the housing sector of the country.
SBI inaugurates its fourth Startup Branch in Mumbai
Apr 25, 2023, at 11:36 pm
Mumbai/IBNS: India's largest lender State Bank of India inaugurated its fourth startup branch in Mumbai to provide all the necessary banking services to startups under one roof.
Apr 25, 2023, at 11:30 pm
Indian hyperlocal search engine Justdial signed a strategic partnership with Maharashtra Small Scale Industries Development Corporation Limited (MSSIDC) under the aegis of the Maharashtra government.
BSL Ltd commissions Rs 150 crore cotton spinning unit in Rajasthan's Bhilwara
Apr 25, 2023, at 03:17 am
Kolkata: Textile manufacturer BSL Ltd has recently launched its first Cotton Spinning Unit in Rajasthan's Bhilwara at an investment of Rs 150 crore.
Biswa Bangla to launch its first export venture in UK, collaborates with Heritage Bengal Global
Apr 22, 2023, at 03:56 am
Biswa Bangla, the flagship brand of Bengal under the aegis of the MSME &T (Micro, Small, and Medium Enterprises & Textiles) department of the West Bengal government has joined hands with Heritage Bengal Global (HBG), a non-profit organization run by the Bengali diaspora in the UK, to launch its first export venture nearly a decade after it was first launched.
IIFL Finance repays $400 million Maiden Dollar Bonds issue on maturity
Apr 22, 2023, at 03:47 am
Mumbai: Fairfax-backed Mumbai-based non-banking financial company (NBFC) IIFL Finance has fully repaid its maiden dollar bonds issue due April 2023 along with interest upon maturity, a press release said.
Power Finance Corp approves Rs 633 cr loan for 5000 passenger EVs and 1000 cargo EVs
Apr 21, 2023, at 11:20 pm
New Delhi/IBNS: Power Finance Corporation Ltd (PFC) has sanctioned a loan of Rs 633 crores to Gensol Engineering Ltd (GEL) for the purchase of 5000 passenger Electric Vehicles (EVs) and 1000 cargo EVs.
'#mPower Business Women Meet' hosted by U.S. Consulate Kolkata and Contact Base held in Guwahati
Apr 21, 2023, at 04:40 am
Guwahati/IBNS: The "mPowerBusinessWomen Meet" was held on April 17 at Assam Startup- the nest in Guwahati, in partnership with Assam Startup- IIM CIP.
Schneider Electric to set up new manufacturing facility in Kolkata at investment of Rs 140 cr
Apr 21, 2023, at 02:10 am
Kolkata/IBNS: Schneider Electric’s new factory is all set to come up in Kolkata’s Prospace Industrial Park Pvt Ltd at an investment of Rs 140 crore.
Consumption-led lending continues to catalyse credit market growth
Apr 21, 2023, at 01:13 am
Mumbai: Backed by consumption-led lending, growth momentum remains high in India’s credit market, according to the latest TransUnion CIBIL Credit Market Indicator (CMI) report.
CEO Tim Cook officially opens India's 2nd Apple store in Delhi's Saket amid cheers and applause
Apr 21, 2023, at 12:20 am
New Delhi/IBNS: Apple CEO Tim Cook welcomed customers to India's second Apple retail store in New Delhi’s Saket.
Musk calls for Lawsuit against Microsoft for illegally using Twitter data for AI training
Apr 20, 2023, at 10:10 pm
San Francisco: Twitter CEO Elon Musk said on Wednesday that Microsoft corporation illegally trained its artificial intelligence (AI) algorithm with Twitter user data, which calls for legal action.
India and Bangladesh agree on trade transactions in own currencies
Apr 20, 2023, at 08:33 pm
Dhaka/IBNS: To ease cross-country transactions and pressure on dollar holdings, India and Bangladesh have agreed to settle a part of bilateral trade transactions in their own currencies- rupee and taka respectively, according to a Bangladesh media report.
Demand for tech skills like ERP, Java full stack, data analytics rising: Report
Apr 20, 2023, at 04:46 am
Bengaluru: The demand for specific technology skills is consistently rising even across non-tech industries. ERP, Java Full Stack, Data Analytics, Cloud, and Infra Management have emerged as the top skills in demand, according to a report.
Apr 20, 2023, at 03:41 am
Gandhinagar: IndusInd Bank on Wednesday said that its GIFT City IBU branch has entered into a $100 million long-term loan agreement with the Japan Bank for International Cooperation (JBIC).
Mankind Pharma IPO to open on Apr 25
Apr 20, 2023, at 01:11 am
Mumbai/IBNS: Mankind Pharma Ltd will launch its initial public offering (IPO) of 40,058,844 equity shares on Tuesday, April 25, 2023, the company said on Wednesday.
RBL Bank launches unique digital fixed deposit scheme for new-to-bank customers
Apr 19, 2023, at 01:05 am
Mumbai/IBNS: RBL Bank Tuesday announced the launch of an innovative Digital Fixed Deposit (FD) scheme available to new-to-bank customers.
PayNearby partners with Rajeevika to onboard 10,000 women business correspondents in Rajasthan
Apr 18, 2023, at 11:38 pm
PayNearby, branchless banking and digital network company will onboard women Business Correspondents (BC-Sakhis) from Self Help Groups (SHG) in eight districts to offer banking services to various Gram Panchayats in Rajasthan.
Apr 18, 2023, at 09:02 pm
Mumbai/IBNS: NTPC, the largest power generating utility in India, and Chempolis India, a Fortum group associate Co and a leading Finnish Bio-Refining technology provider, have signed a non-binding Memorandum of Understanding to explore the feasibility of setting up a bamboo based Bio-Refinery in Bongaigaon in Assam.
Apple in India: Tim Cook inaugurates company's first retail store in Mumbai amid 'incredible energy'
Apr 18, 2023, at 08:30 pm
Mumbai/IBNS: Apple CEO Tim Cook on Tuesday inaugurated the company's first retail store in India in the financial capital Mumbai amid the firm's ambitious expansion plans in the South Asian nation.
Japan pledges to offer employment opportunities to Manipuri youths
Apr 18, 2023, at 02:57 pm
Imphal/IBNS: The Governments of Japan and the northeastern state of Manipur in India have come to an agreement to initiate new projects for the Manipuri youths.
IIT Guwahati collaborates with Tata Elxsi to foster EV Technologies
Apr 17, 2023, at 10:48 pm
Guwahati/IBNS: Indian Institute of Technology (IIT) Guwahati has recently signed a Memorandum of Understanding (MoU) with Tata Elxsi, a leading global technology services provider for the Automotive and Transportation industry, to jointly work on developing and commercialising state-of-the-art solutions for the Electric mobility market.
Volvo Car India records 38 percent growth in Q1 of 2023-2024
Apr 17, 2023, at 06:03 pm
Kolkata/IBNS: Volvo Car India has recorded an impressive 38 percent growth in the first quarter of 2023.
Apple continuously expanding biz ops in India, says Piyush Goyal
Apr 15, 2023, at 05:44 am
New Delhi: iPhone maker Apple is constantly increasing its presence in India, and the government is in regular contact with the company to facilitate the expansion, said Commerce and Industry Minister Piyush Goyal, media reported.