India's Adani Power begins supplying thermal power to Bangladesh
Apr 12, 2023, at 12:12 am
Godda: Adani Power Limited (APL), a part of the diversified Adani Group, announces the commissioning of its first 800 MW ultra-super-critical thermal power generation unit at Godda in the Jharkhand district of India and begins supplying Bangladesh with 748 MW of power.
Tata Group may complete Wistron’s iPhone plant buyout deal this month: Reports
Apr 10, 2023, at 11:32 pm
Bengaluru: Tata Group might soon complete its takeover of Wistron’s iPhone plant in Bengaluru by the end of April.
Modi govt sets rules for export of 'halal certified' meat and meat products
Apr 09, 2023, at 10:31 pm
New Delhi: The Centre has issued a clarification on the export of ‘halal certified’ meat and meat products, stating that such items will be given the certification only if they are produced, processed, and packaged in a facility validated by a body accredited by a board of the Quality Council of India.
Apr 09, 2023, at 05:53 am
New Delhi/IBNS: The government has sanctioned around Rs 23.2 lakh crore to 40.82 crore loan accounts under the Pradhan Mantri Mudra Yojana (PMMY) scheme as of March 24, 2023, Finance Minister Nirmala Sitharaman said on Saturday.
FM Sitharaman to visit US to attend Spring Annual Meetings of the IMF-World Bank
Apr 09, 2023, at 02:01 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman will start an official visit to the USA on April 10, 2023, an official statement said on Saturday.
Kolkata Metro to test run underwater coaches on Sunday: Report
Apr 08, 2023, at 07:12 am
Kolkata: West Bengal’s capital Kolkata is set to witness the test run of two six-coach trains on the 4.8 km stretch between Esplanade and Howrah Maidan, marking India’s first underwater journey, TOI reported.
Employment slows down in US as economy cools
Apr 08, 2023, at 06:36 am
Washington: Job gains in the US decreased for a second consecutive month in March, the latest government data revealed, indicating that the economy is slowing down as policymakers continue their efforts to curb inflation, AFP reported.
Fintech company ZestMoney to cut 20% workforce: Report
Apr 08, 2023, at 05:46 am
Bengaluru: ZestMoney, a buy now, pay later (BNPL) platform based in Bengaluru, is cutting 100 jobs, around 20% of its workforce, Business Standard reported.
Mustard seed prices slip below MSP: Report
Apr 08, 2023, at 05:13 am
Pune: The price of mustard seeds, India's primary oilseed crops, has slipped below the minimum support price (MSP), ET reported.
Tesla cuts down car prices amid economic slowdown
Apr 08, 2023, at 05:00 am
New York: Elon Musk’s Tesla has reduced the prices of its electric cars in the United States, its website showed on Thursday, apparently to offer discounts to potential customers in light of an economic slowdown.
CCI approves SREI Infra Finance's acquisition by NARCL, IDRCL
Apr 08, 2023, at 04:42 am
New Delhi: The Competition Commission of India (CCI) announced on Thursday that it has given the green light for National Asset Reconstruction Company Ltd (NARCL) and India Debt Resolution Company Ltd (IDRCL) to acquire SREI Infrastructure Finance.
Airbus to set up new assembly line in China, gets nod for 160 plane order
Apr 08, 2023, at 04:11 am
Beijing: European aircraft manufacturer Airbus has announced plans to set up a second assembly line in China, with the aim of doubling its capacity in the country and enhancing its presence in the world's second-largest aviation market, Reuters reported.
Russia remains top crude oil supplier to India in March with 1.64 million bpd
Apr 08, 2023, at 01:58 am
Russia supplied 1.64 million barrel per day (bpd) of crude oil to India, surpassing traditional suppliers such as Saudi Arabia and Iraq, Moneycontrol reported.
Suzuki introduces Stunning New Colours for its legendary Hayabusa
Apr 08, 2023, at 12:07 am
New Delhi: Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation on Friday launched a new series of vibrant colours for the third generation Hayabusa model which has now become OBD2-A compliant.
Rasna creator Areez Pirojshaw Khambatta awarded ‘Padma Shri’
Apr 07, 2023, at 11:58 pm
Kolkata: Late Areez Pirojshaw Khambatta, Founder and Chairman of Rasna Group, has been awarded the Padma Shri (Posthumous), 2023, for his work in Trade and Industry in the state of Gujarat.
Pohela Boisakh: Amazon.in launches specially curated shopping store
Apr 07, 2023, at 11:45 pm
Kolkata: Double up your excitement and celebration this festive season as Amazon.in brings to you it's specially curated ‘Pohela Boishakh shopping store’ that offers a wide selection of products to address the varied shopping needs of customers celebrating Bengali new year.
Apr 07, 2023, at 05:43 am
New Delhi/IBNS: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the revised domestic natural gas pricing guidelines for gas produced from nomination fields of ONGC and other legacy old fields.
Banks and financial institutions welcome RBI's 'surprise' move to pause repo rate hike for now
Apr 07, 2023, at 05:22 am
Mumbai/IBNS: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Thursday decided to keep the repo rate unchanged at 6.5%. This came as a big relief as most experts had opined that the apex bank should take a pause amid global economic uncertainties and the economy has reached a saturation point beyond which it may be difficult to absorb any more rate hikes.
ICICI Securities appoints Pratik Loonker as Head of Institutional Syndication
Apr 07, 2023, at 02:14 am
Mumbai: ICICI Securities Thursday said it has appointed Pratik Loonker as the Head of Institutional syndication of the organisation.
UPI emerges as the second most preferred repayment method for digital loans: CASHe Report
Apr 07, 2023, at 02:01 am
Kolkata: UPI emerged as the second most preferred repayment method after e-NACH for borrowers on CASHe, a credit-led, AI-driven financial wellness platform.
YES Bank appoints Archana Shiroor as designate Chief Human Resources Officer (CHRO)
Apr 06, 2023, at 10:51 pm
Mumbai/IBNS: YES BankThursday appointed Archana Shiroor as its designate Chief Human Resources Officer (CHRO).
TVS SCS bags contract from the UK Ministry of Defence for Land Rover spares
Apr 06, 2023, at 09:53 pm
Chennai: TVS Supply Chain Solutions today said that it has won a contract for the supply of spares, consumables and accessories for the Land Rover Wolf Platform from the UK Ministry of Defence (MOD), acting through its Agent, Babcock Land Defence Ltd.
In relief for borrowers, RBI keeps repo rate unchanged at 6.5%
Apr 06, 2023, at 05:07 pm
Mumbai/UNI: In a respite for borrowers, the Reserve Bank of India's (RBI) monetary policy committee (MPC) on Thursday decided to keep the policy repo rate unchanged at 6.5 per cent.
Bridgestone's Potenza Sport tyre chosen exclusive tyre partner for Lamborghini Revuelto
Apr 06, 2023, at 06:58 am
Brussels: Bridgestone has been chosen by Lamborghini as its exclusive tyre partner for the new Revuelto, Lamborghini’s first-ever super sports V12 HPEV (High Performance Electrified Vehicle).
India, Russia trade surpassing records: Russian trade official
Apr 06, 2023, at 06:26 am
New Delhi/UNI: President of the Russian Chamber of Commerce and Industry Sergey Katyrin said today that trade between the two nations is "breaking records". At the end of 2022, bilateral trade reached a record high of $35.3 billion, which is 2.5 times more than in 2021, he noted.
RBI MPC meet: Rate setting panel to announce decision on key lending rates on Thursday
Apr 06, 2023, at 05:57 am
Mumbai: The Reserve Bank of India is expected to declare another increase in interest rates on Thursday, as part of its bi-monthly review of monetary policy, said reports.
34 electronic components manufacturing proposals approved till march: Centre
Apr 06, 2023, at 05:25 am
New Delhi: A total of 34 electronic components manufacturing proposals worth Rs 11,187 crore have received government approval till March 30 this year, a correspondence to Lok Sabha said on Wednesday.
Religare Enterprises to acquire MyInsuranceClub to expand into insurance distribution
Apr 06, 2023, at 04:58 am
New Delhi: Financial services company Religare Enterprises Ltd (REL) has signed a Share Purchase Agreement for the proposed acquisition of insurance web aggregator MyInsuranceClub (MIC) from iGear Holdings Private Limited, a part of The Indian Express Group, according to a company statement.
WTO predicts a meagre 1.7 pc growth in world trade in 2023
Apr 06, 2023, at 04:51 am
The global uncertainties are likely to impact economic activities significantly, World Trade Organization (WTO) said on Wednesday and predicted the growth in world trade to increase by merely 1.7 percent in 2023.
Adani Ports reports 9 pc growth in FY23, largest port cargo volume ever
Apr 06, 2023, at 04:45 am
Ahmedabad/IBNS: Adani Ports and Special Economic Zone Ltd (APSEZ) has reported a 9 percent growth in cargo handling in the seaports it runs for FY23 ended March 31.