Jammu and Kashmir Bank introduces Chatbot to enable better service to customers
Mar 10, 2023, at 07:43 pm
Srinagar: Jammu and Kashmir Bank on Thursday launched JIA (J&K Bank Intelligent Assistant) – an AI-enabled Chatbot to enable better service to customers.
B. Gopkumar to be next MD & CEO of Axis AMC; other key appointments announced
Mar 10, 2023, at 02:15 am
Mumbai: Axis Asset Management Company Ltd. (AMC) on Thursday appointed MD & CEO of Axis Securities B. Gopkumar the next MD & CEO of Axis AMC, according to a media statement.
Apple plans to make India its sales engine amid record revenues in the region: Report
Mar 10, 2023, at 01:17 am
iPhone maker Apple is focussing on India as its priority region amid a significant increase in demand for Apple products in the country. The plans include the elevation of its head of India and making the country sales engine for Apple, media reports said.
NSE cautions investors against person collecting money, seeking trading credentials
Mar 09, 2023, at 11:29 pm
Mumbai/IBNS: The National Stock Exchange (NSE) has cautioned investors against a person who is allegedly trying to extract trading account credentials from investors by offering to help them in stock market trading.
Jio Platforms unit Radisys to acquire Mimosa Networks for $60 million
Mar 09, 2023, at 09:16 pm
Mumbai: Radisys Corporation, a wholly owned subsidiary of Jio Platforms, would acquire Mimosa Networks for US$ 60 million on a debt-free, cash-free basis from Airspan Networks Holdings.
IndiGo appoints Mark Sutch for CarGo International as CCO
Mar 09, 2023, at 09:12 pm
Mumbai: IndiGo has appointed Mark Sutch as its new Chief Commercial Officer – CarGo International, according to a media statement.
Airbus wins order for two ACH160 helicopters in India
Mar 09, 2023, at 08:11 pm
New Delhi/IBNS: Airbus Corporate Helicopters has won an order for two ACH160 helicopters in India – the first sale of the type in the region, a company statement said.
SBI raises Rs 3,700 cr via AT-1 bonds
Mar 09, 2023, at 05:34 am
Mumbai: The country’s largest lender SBI has raised Rs 3,717 crores by issuing Additional Tier 1 (AT-1) bonds at a coupon rate of 8.25%.
Govt brings crypto trading under anti-money laundering provisions
Mar 09, 2023, at 05:01 am
New Delhi: The government has brought the cryptocurrency industry under anti-money laundering regulations as part of its ongoing efforts to strengthen legal control over digital assets.
SEBI tightens rules for buyback of shares through stock exchange route
Mar 09, 2023, at 04:56 am
Mumbai: The Securities Exchange Board of India has released a circular specifying restrictions on placements of bids, price, and volume for a company seeking to buy back its shares through the exchange route, media reports said.
Future Enterprises declared insolvent, to be auctioned off
Mar 09, 2023, at 04:18 am
Mumbai: After Future Retail, another Kishore Biyani-owned company, Future Enterprises, has been admitted to insolvency resolution and will be auctioned off in order to collect outstanding debts, a report in the media said.
Adani Group repays $500 million bridge loan to restore investors' faith: Report
Mar 09, 2023, at 03:33 am
Embattled Adani Group has settled a $500 million bridge loan due on Thursday, as part of its effort to restore faith in its financial stability following a critical report from US-based short seller Hindenburg Research, Bloomberg reported.
India's coal and power supply stretched to limit amid rapid growth in economic activities
Mar 09, 2023, at 02:19 am
New Delhi: The power generators and coal mines in India are currently experiencing significant pressure to keep up with the escalating demand for electricity, which has been fuelled by the country's rapidly expanding economy and swift electrification efforts, Reuters reported.
SoftBank CEO Masayoshi Son attends OYO founder Ritesh Agarwal's wedding
Mar 08, 2023, at 08:18 am
New Delhi: SoftBank CEO and founder Masayoshi Son attended the wedding ceremony of Ritesh Agarwal, the founder of OYO in Delhi. The occasion was also attended by several prominent corporate figures, including Vijay Shekhar Sharma of Paytm, Peyush Bansal of Lenskart, and Kalyan Krishnamurthy, the CEO of Flipkart, according to media reports.
Defence Ministry signs procurement deals with HAL and L&T
Mar 08, 2023, at 07:32 am
New Delhi/IBNS: The defence ministry on Tuesday finalised one deal each with Hindustan Aeronautics Limited (HAL) and Larsen & Toubro Ltd (L&T).
Govt explains rules for paid or barter endorsements by social media influencers
Mar 08, 2023, at 06:20 am
New Delhi/IBNS: The government on Monday issued an explanation of its guidelines for paid endorsements by social media influencers, clarifying the meaning of terms like "advertisement," "sponsored," "collaboration," or "paid promotion."
Adani Group prepays Rs 73.74 billion share-backed financing: Report
Mar 08, 2023, at 05:37 am
Adani Group on Tuesday said that it has prepaid share-backed financing worth Rs 73.74 billion ($901.16 million) as part of its promoters’ commitment to cut down overall leverage backed by shares of the group's listed companies, Reuters reported.
Adani Enterprises removed from NSE's short-term additional surveillance framework
Mar 08, 2023, at 05:15 am
Mumbai/IBNS: Adani Enterprises, the flagship company of the Adani conglomerate that deals with ports and power, has been taken off the National Stock Exchange's (NSE) short-term additional surveillance framework, media reports said on Monday.
Mar 07, 2023, at 08:19 pm
New Delhi: Australian High Commissioner to India Barry O'Farrell on Monday said that Adani group still remains a major investor in the country.
Facebook's parent company Meta plans to slash thousands of employees this week: Report
Mar 07, 2023, at 03:07 pm
California: Meta Platforms Inc., which is the owner of popular social media platforms Facebook and Instagram, is planning another round of layoffs and will slash thousands of employees in the current week, media reports said on Tuesday.
Toblerone can no more claim itself to be Swiss-made, to change its design due to 'Swissness' rules
Mar 07, 2023, at 01:45 am
Popular chocolate brand Toblerone can no longer be called Swiss-made as its American owners are shifting some of its production outside Switzerland.
Matter names its first geared EV motorbike 'AERA', price and other details unveiled
Mar 07, 2023, at 12:13 am
Kolkata: Matter, an innovation-led tech start-up, on Monday named its EV motorbike as "AERA", which is priced between Rs. 1,43,999 and Rs. 1,53,999.
Bandhan Bank opens Mega Currency Chest in West Bengal
Mar 06, 2023, at 11:25 pm
Kolkata: Bandhan Bank announced the opening of its Mega Currency Chest in Kolkata.
Kolkata: Saini Group inaugurates new Mahindra showroom and service centre
Mar 06, 2023, at 08:42 pm
Kolkata: Saini Group inaugurated a new Mahindra Showroom and Service Centre at Maheshtala, a town located close to West Bengal capital Kolkata, on Friday.
Airtel announces 5G roll-out in 125 cities
Mar 06, 2023, at 07:23 pm
New Delhi: Telecom major Bharti Airtel on Monday announced the launch of its ultra-fast 5G services in 125 cities.
Zoom removes President Greg Tomb: Reports
Mar 06, 2023, at 01:49 pm
California: Video conferencing platform Zoom has removed its President Greg Tomb.
India's per capita income doubled in 9 years
Mar 06, 2023, at 01:29 pm
New Delhi: The per capita income in India has doubled to Rs 172,000 over the past nine years, according to the latest figures released by the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation.
India's Feb crude oil imports from Russia hit record high
Mar 05, 2023, at 10:54 pm
New Delhi/IBNS: India's crude oil shipments from Russia in February reached an unprecedented 1.6 million barrels per day, surpassing the combined imports from traditional suppliers Iraq and Saudi Arabia.
Mar 05, 2023, at 09:50 pm
New Delhi: Prominent lawyer Harish Salve has called for a detailed probe into US short-seller Hindenburg Research’s negative report on Adani Group that caused market turbulence last month as conglomerate's listed stocks lost billions of dollars in a short span.
Mar 05, 2023, at 07:31 pm
Former Australian PM Tony Abbott has rubbished the allegations of grave irregularities against Adani Group by US-based short seller Hindenburg Research and said it is "easy to make allegations, but just because something has been alleged, doesn't make it true."