Budget 2023: What Changes Can We Expect from Fixed Deposit Interest Rates?
Mar 22, 2023, at 12:04 am
Budget 2023 has been released, and investors are curious to know what changes to expect from fixed deposit interest rates. With the Reserve Bank of India (RBI) maintaining an accommodative stance on interest rates, the government may introduce policies that could have an impact on the interest rates offered on fixed deposits.
Mar 21, 2023, at 11:51 pm
New Delhi: NTPC REL has signed an MoU with Indian Army for setting up Green Hydrogen Projects in its establishments on Build, Own and Operate (BOO) model. The intent is to reduce complex logistics, dependence on fossil fuels and to accelerate decarbonisation.
Tata Motors Announces price increase for Commercial Vehicles ahead of BS6 Phase II Emission norms
Mar 21, 2023, at 11:37 pm
Mumbai: Automobile major Tata Motors will be implementing a price increase of up to 5% on its commercial vehicles starting from Apr 1.
Amazon to lay off 9000 more employees in latest round of job cuts
Mar 21, 2023, at 05:08 am
E-commerce giant Amazon.com Inc Monday announced 9,000 more layoffs to make its operation lean and manage economic uncertainty.
Why is it important to use your credit card cautiously?
Mar 21, 2023, at 12:11 am
Credit cards have become very popular, especially among the millennial generation. It is evident as the number of active credit cards went up by 20% year-on-year to 806.65 lakh in November 2022, as per Reserve Bank of India (RBI) data. In this article, we will discuss the fundamentals of credit cards and the quickest ways to pay your credit card's outstanding.
Swiss bank major UBS to acquire Credit Suisse
Mar 20, 2023, at 02:46 pm
Swiss bank major UBS is planning to acquire troubled Credit Suisse in a government-backed deal.
Mar 20, 2023, at 03:06 am
Toronto: Toronto Testing Meetup, a software testing community group, is organizing "Women Leaders in Toronto Testing," an event that celebrates the contributions of women in software testing in Toronto.
India's banking system strong amid turmoil in global markets: PM Modi
Mar 19, 2023, at 04:52 am
New Delhi: India's economic and banking systems remain robust, even in the midst of the current turmoil battering global markets, Prime Minister Narendra Modi said on Saturday.
Losses, mismanagement, failed strategies; how Credit Suisse reached crisis point
Mar 18, 2023, at 10:07 am
The crisis in Credit Suisse had been brewing since 2021, but the Swiss lender rattled investors on Tuesday by revealing that it had discovered "material weaknesses" in its 2021 and 2022 financial reports. On Wednesday, its stocks tumbled to an all-time low, stoking concerns over the overall heath of the banking sector, especially after the collapse of two banks in the U.S.
PM Modi congratulates RBI Governor Shaktikanta Das for ‘Governor of the year’ award
Mar 18, 2023, at 07:52 am
Prime Minister Narendra Modi Friday congratulated RBI Governor Shaktikanta Das for receiving the ‘Governor of the year’ award in the Central Banking Awards 2023.
Union Cabinet approves listing of IREDA on bourses via IPO route
Mar 18, 2023, at 07:09 am
New Delhi/IBNS: The Cabinet Committee on Economic Affairs (CCEA) on Friday approved the listing of IREDA on the stock exchanges through an Initial Public Offer (IPO).
India's forex reserve drops to 3 month low of $560 billion
Mar 18, 2023, at 06:17 am
Mumbai: India's foreign exchange reserves dropped to $560 billion in the week ending on March 10, the lowest since the beginning of December, showed Reserve Bank of India's statistical supplement published on Friday.
PhonePe raises another $200 million in ongoing funding from largest shareholder Walmart
Mar 18, 2023, at 05:39 am
Bengaluru: Digital payments and financial services company PhonePe has raised an additional $200 million as part of its proposed $1 billion funding round from its largest shareholder, Walmart. The funding was secured at a pre-money valuation of $12 billion.
NCLT approves merger of HDFC and HDFC Bank
Mar 18, 2023, at 04:48 am
The National Company Law Tribunal (NCLT) gave its approval for the merger of HDFC and HDFC Bank, which is considered to be the largest merger in corporate history.
Tata Consumer Products cancels talks on Bisleri deal
Mar 18, 2023, at 04:19 am
Tata Consumer Products (TCPL) said on Friday that it had called off talks with Bisleri International to buy a majority stake in India’s largest bottled water enterprises.
RBI injects Rs 1.1 trillion in largest infusion since Apr 2019
Mar 18, 2023, at 03:57 am
Mumbai: The Reserve Bank of India injected Rs 1.1 trillion into the system on Thursday, marking the largest single-day liquidity infusion since April 24, 2019. This comes amid onset of corporate advance taxes leading to significant outflows from the banking system
Embattled SVB Financial Group seeks protection from bankruptcy: Report
Mar 18, 2023, at 02:40 am
SVB Financial Group on Friday said it has applied for court-monitored restructuring under Chapter 11 bankruptcy protection to find potential buyers for its assets, Reuters reported.
CARS24 launches first engineering R&D Centre in Bengaluru
Mar 17, 2023, at 09:53 pm
Bengaluru: CARS24, an auto-tech company for pre-owned vehicles, on Friday took a giant leap towards driving innovation and growth in the pre-owned vehicle market with the launch of its first Engineering Research and Development Center (R&D Center) in Bengaluru.
itel launches P40 a 6000 mAh Power-packed Smartphone, check out price
Mar 17, 2023, at 09:34 pm
New Delhi: Smartphone major itel launches its new Power Series with the contemporary P40 smartphone.
Volvo XC40 bags multiple awards in India
Mar 17, 2023, at 05:26 am
Kolkata/IBNS: Volvo Car India’s luxury SUV model Volvo XC40 has won five prestigious awards in India, the company said in a press release.
Invesco Mutual Fund launches two new Target Maturity Index Funds
Mar 17, 2023, at 05:07 am
Mumbai/IBNS: Invesco Mutual Fund Thursday announced the launch of two Target Maturity Debt Index Funds – Invesco India Nifty G-sec Jul 2027 Index Fund (An open-ended Target Maturity Index Fund tracking Nifty G-sec Jul 2027 Index.
Mar 16, 2023, at 08:06 am
Mumbai: Sports collectibles and skill gaming company BuyStars Wednesday said it has raised $5 million in pre-series A round led by Indian Gaming and Interactive-focused VC Fund Lumikai, Chiratae and Leo Capital.
Exchanges freeze shares of Patanjali Foods' promoters for not meeting public shareholding norms
Mar 16, 2023, at 07:43 am
Mumbai: The stock exchanges have placed a hold on the shares owned by Patanjali Foods' promoters and promoter entities after they failed to comply with the minimum public shareholding requirement, Moneycontrol reported.
Mar 16, 2023, at 06:23 am
Mumbai/Delhi: The Competition Commission of India has given its nod to Reliance Retail Ventures’ (RRVL’s) acquisition of METRO Cash & Carry India for a cash consideration of Rs 2,850 crore, according to an official statement.
Vendanta repays $100 mn loan to Standard Chartered Bank
Mar 16, 2023, at 03:37 am
Mumbai: Vedanta Resources Ltd said on Wednesday it prepaid $100 million to Standard Chartered Bank via release of encumbrance on March 10.
Indian Railways: Ramkrishna Forgings & Titagarh Wagons consortium wins bid for forged wheels project
Mar 16, 2023, at 01:42 am
Kolkata: A consortium of Ramkrishna Forgings Ltd, one of the leading suppliers of rolled, forged, and machined products, and Titagarh Wagons Ltd has been declared the Lowest Bidder (L1) by the Indian Railways for manufacturing and supplying of forged wheels.
Honda ups the ante in 100-110cc commuter segment, launches Shine 100 in India
Mar 15, 2023, at 11:09 pm
Mumbai: Creating a new paradigm in mass mobility, Honda Motorcycle & Scooter India (HMSI) on Wednesday launched its most affordable and fuel-efficient mass motorcycle – Shine 100 in India.
Arunachal Pradesh: 24 farmers participate in mushroom production project
Mar 15, 2023, at 10:53 pm
Jairampur: Twenty-four farmers are participating in mushroom production project at Changlang district of Arunachal Pradesh, media reports said on Wednesday.
Zoho CEO Sridhar Vembu denies fraud allegation by estranged wife, calls it 'complete fiction'
Mar 15, 2023, at 05:23 am
Tamil Nadu/IBNS: Zoho Corp founder and CEO Sridhar Vembu, who is currently in the process of divorcing his wife, has refuted allegations of deserting her and their child.
Facebook's parent company Meta to cut 10,000 additional jobs, slash 5,000 more vacant positions
Mar 15, 2023, at 04:32 am
Facebook's parent company Meta Platforms Inc. has planned to lay off around 10,000 employees and close about 5,000 additional open roles in its second major round of job cuts in the past six months.