IRFC and IIFCL sign MoU to solidify cooperation in financing railway infrastructure projects

Oct 13, 2022, at 11:26 pm

New Delhi/IBNS: Indian Railway Finance Corporation Ltd. (IRFC), a Schedule ‘A’/Miniratna Public Sector Enterprise (PSE) under the Ministry of Railways, signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company Ltd. (IIFCL), a PSE under the Ministry of Finance, to enhance cooperation in financing railway infrastructure projects with forward and backward linkages to the Indian Railways sector.

Tata Group, Singapore Airlines in talks to merge Air India and Vistara

Oct 13, 2022, at 11:16 pm

Singapore Airlines Ltd and Tata Group are in confidential discussions over a likely deal that may involve the integration of Vistara and Air India, Reuters reported.

West Bengal: Adani receives LOA for Tajpur port, work to commence in 18 months

Oct 13, 2022, at 07:35 pm

Kolkata/IBNS: CEO of Adani Ports and Special Economic Zones (APSEZ) Karan Adani Wednesday received the letter of award (LoA) on behalf of his corporation for building the Tajpur port in West Bengal.

Warburg Pincus to acquire majority stake in Vistaar Finance

Oct 13, 2022, at 06:35 pm

Mumbai: New York-based global private equity firm Warburg Pincus announced that an affiliate of private equity funds managed by Warburg Pincus LLC, has entered into definitive agreements to acquire a majority stake in Vistaar Finance, an NBFC lending to MSMEs in India.    

TransUnion CIBIL and SatSure launch CIBIL Report (CCFR) to improve credit flow to farmers

Oct 13, 2022, at 08:11 am

Credit bureau TransUnion CIBIL, in collaboration with geo-spatial data analytics provider SatSure, has launched the CIBIL Credit and Farm Report (CCFR).

India-UK trade deal likely to be stuck over skilled worker access issue: Report

Oct 13, 2022, at 07:31 am

The India-UK trade deal is unlikely to meet the October deadline over the issue of access to thousands of Indian skilled workers, media reports said.

Union Cabinet approves project to build container terminal at Deendayal Port in Gujarat

Oct 13, 2022, at 06:29 am

The Union Cabinet gave its nod to the project to develop a container terminal at Tuna-Tekra, Deendayal Port in Gujarat under the public-private partnership mode.

BYJU's to layoff 2,500 employees amid growing losses

Oct 13, 2022, at 05:28 am

BYJU's will hand out pink slips to nearly 2,500 employees across departments to cut costs amid growing losses in the next six months, the company said in a statement today.

RBI fails to contain inflation within mandated band as CPI inflation sores to 5 months high at 7.41 pc

Oct 13, 2022, at 03:45 am

Mumbai: RBI's measure to tighten interest rates with a hike in repo rate by 190 basis points in five consecutive months has failed to keep inflation under control as India's retail inflation accelerated to 7.41 percent in September, the fastest pace in five months, data released by the National Statistical Office (NSO) showed on Wednesday.

Jio-bp to set up charging network for Mahindra's e-SUVs

Oct 13, 2022, at 01:01 am

Mumbai: Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, and Jio-bp, a fuels and mobility joint venture between Reliance Industries Limited (RIL) and bp are strengthening their existing partnership with Jio-bp setting up robust charging network for Mahindra’s upcoming e-SUVs launches, said a joint company statement.  

Most Indian women still depend on the ‘man of the house’ for financial planning decisions: Tata AIA’s survey

Oct 13, 2022, at 12:56 am

Indian women still shy away from making independent financial decisions and rely on the ‘man of the house’ when it comes to making financial decisions, although 44% of respondents prefer to make their own financial decisions when they have the option to do so, reveals a Tata AIA’s survey.  

Airtel 5G Plus is now live in Siliguri

Oct 12, 2022, at 11:43 pm

Siliguri: Bharti Airtel, India’s leading telecommunications services provider, on Wednesday announced the launch of its cutting edge 5G services in Siliguri, making it the first city in the state to enjoy ultrafast 5G services.

India Industrial Production contracts 0.8 percent in August

Oct 12, 2022, at 11:40 pm

New Delhi: India's Industrial Production contracted 0.8 percent in August, as per government data released on Wednesday.

India's retail inflation jumps up to touch 7.41 percent in September, highest since April

Oct 12, 2022, at 11:29 pm

New Delhi: India's retail inflation touched  7.41 percent in September, as per government data released on Wednesday.

Indian Market: Sensex moves up 478.59 pts

Oct 12, 2022, at 11:26 pm

Mumbai: Snapping a losing streak of the last three sessions, the BSE Sensex on Wednesday bounced back by 478.59 pts at 57,625.91 on the strength of Realty, Bankex, FMCG and Power stocks.

NTPC and Siemens Limited sign MoU for demonstrating Hydrogen co-firing in Faridabad Gas Power Plant

Oct 12, 2022, at 11:05 pm

Mumbai: NTPC and Siemens Ltd. signed a Memorandum of Understanding (MoU) to demonstrate the feasibility for hydrogen co-firing blended with natural gas in Siemens V94.2 gas turbines installed at NTPC Faridabad gas power plant.

Tata Motors partners with Tata Power to develop a 7 MW solar project at its Pantnagar manufacturing facility

Oct 12, 2022, at 10:53 pm

Pantnagar: Reaffirming Tata Group’s commitment towards promoting sustainable manufacturing, Tata Motors and Tata Power have entered into a Power Purchase Agreement (PPA) for a 7 MW captive solar power project at its Pantnagar plant in Uttarakhand.

NSDL acquires 5.6 pc stake in ONDC

Oct 12, 2022, at 10:49 pm

Hyderabad: India’s leading Depository National Securities Depository Limited (NSDL) on Wednesday announced it has acquired 5.6 per cent stake in Open Network for Digital Commerce (ONDC) – 10 lakh equity shares of Rs 100 each.

Indian Rupee ends flat 82.31 against USD

Oct 12, 2022, at 10:46 pm

Mumbai: The Indian Rupee on Wednesday ended on a flat note at 82.31on selling of USD by bankers and exporters, dealers at the Foreign Exchange said.

Cabinet approves Rupees 22,000 crore as one time grant of PSU OMCs for losses in Domestic LPG

Oct 12, 2022, at 10:15 pm

New Delhi: The Union Cabinet, chaired by the Prime Minister Narendra Modi, on Wednesday has approved the proposal of Ministry of Petroleum & Natural Gas to give a one time grant amounting to Rs.22,000 crore to three Public Sector Undertaking Oil Marketing Companies (PSU OMCs).

SBI surpasses Rs. 6 Trillion AUM in residential home loans, announces a festive bonanza for Home Loan buyers

Oct 12, 2022, at 10:05 pm

New Delhi: State Bank of India continues to lead the Home Loan segment and has surpassed Rs. 6 Trillion in Assets Under Management.

Global growth likely to slow to 2.7 pct in 2023: IMF Report

Oct 12, 2022, at 02:04 am

Washington/IBNS/UNI: The global growth is likely to slow to 2.7 per cent in 2023, and there is a 25 per cent probability that the growth could fall below 2 per cent, the International Monetary Fund (IMF) said in a new report on Tuesday.

NortonLifeLock unveils Norton AntiTrack in India for greater privacy from online tracking

Oct 11, 2022, at 11:26 pm

Hyderabad: NortonLifeLock, a global leader in consumer Cyber Safety, on Tuesday announced the release in India of an all-new online privacy offering, Norton AntiTrack.

RBI axes licence of Pune Cooperative Bank

Oct 11, 2022, at 11:20 pm

Mumbai: The Reserve Bank of India (RBI) on Tuesday cancelled the licence of The Seva Vikas Co-operative Bank Ltd in Pune.

Indian Rupee end positive at 82.31 against USD

Oct 11, 2022, at 10:02 pm

Mumbai: The Rupee on Tuesday closed positive at 82.31, rising nominally by one paisa on selling of USD by bankers and exporters, dealers at the Foreign Exchange said.

Indian Market: Sensex down 843.79 points

Oct 11, 2022, at 10:01 pm

Mumbai: Extending losses for the third consecutive session on Tuesday, the BSE Sensex tanked 843.79 points to settle at 57,147.32 as heavy selling was witnessed in Realty, Metal, Telecommunications, Technology and IT stocks.

Tata Tiago.ev receives over 10,000 booking on first day

Oct 11, 2022, at 07:24 pm

New Delhi: Automobile major Tata Motors on Tuesday announced that the Tiago.ev, its newest entrant in its EV family, has received an electrifying response from the market and has surged past the 10,000 mark since bookings opened at 12 noon, on Monday.  

Bharathi Cement opens first-of-its-kind fully-automated Cement Terminal in Coimbatore

Oct 11, 2022, at 04:54 am

Coimbatore: Bharathi Cement, a group company of  VICAT France, inaugurated its 0.75 MTPA bulk cement terminal in Coimbatore on Monday (Oct 10) to serve the major market of Tamil Nadu and Kerala.

Shriram City Union Finance Launches ‘Festive 3D- Dussehra Diwali Dhamaka’, offers 2-Wheeler loans at 5.5%

Oct 11, 2022, at 02:48 am

Shriram City Union Finance (Shriram City), India’s largest two-wheeler financier, has launched ‘Festive 3D Dussehra Diwali Dhamaka’ offers marking the beginning of festivities.

SIP contribution in September 2022 jumps to highest ever Rs 12,693 lakh crore: AMFI

Oct 11, 2022, at 02:27 am

SIP contribution in the month of September 2022 increased from Rs 12,693.45 lakh crore to the highest ever Rs 12,976.34 lakh crore with the number of SIP accounts standing at 5,83,77,684, according to data released by the Association of Mutual Funds of India (AMFI).