Tata Steel signs MoU with BHP to explore low carbon iron and steelmaking technology in India
Jul 20, 2022, at 10:07 pm
Mumbai: Tata Steel has signed a Memorandum of Understanding (MoU) with BHP, a leading global resources company, with the intention to jointly study and explore low carbon iron and steelmaking technology.
Ambuja Cement Foundation helps scale up Strawberry production at Farakka
Jul 19, 2022, at 10:30 pm
Kolkata: As many as 35 farmers from Farakka in West Bengal have each made over Rs 1 lakh in profits by switching to strawberry cultivation.
Bajaj Allianz Life Insurance partners with DBS Bank India
Jul 19, 2022, at 10:21 pm
New Delhi: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, and DBS Bank India, the wholly owned subsidiary of DBS Bank Ltd., Singapore, have announced a strategic partnership to offer a wide array of life insurance solutions to the bank’s 3M customers.
Indian Market: Sensex moves up at 246.47 pts
Jul 19, 2022, at 09:50 pm
Mumbai: The BSE Sensex on Tuesday rallied 246.47 pts at 54,767.62 following gains in Realty, Metal, Bankex and Auto stocks.
Hero MotoCorp launches rally edition of Xpulse 200 4V
Jul 19, 2022, at 07:04 pm
New Delhi: Continuing to deliver on its promise to provide youthful, technologically advanced and aesthetically appealing motorcycles to its customers, Hero MotoCorp on Tuesday launched an exclusive Rally Edition of its widely popular motorcycle Xpulse 200 4V.
Finance minister says ban on cryptocurrencies not possible without international collaboration
Jul 19, 2022, at 06:54 pm
New Delhi: Sitharaman's statement on cryptocurrencies or Virtual Currencies (VCs) in Parliament was in response to a five-pointer question by Thirumavalavan, a member of Parliament from Tamil Nadu's Chidambaram.
Ola to invest $500 million to set up Battery Innovation Centre in Bengaluru
Jul 19, 2022, at 06:51 pm
Bengaluru: Ola Electric will invest $ 500 million to set up a Battery Innovation Centre in Bengaluru, the company said Monday.
Maruti Suzuki launches bold and mini-SUV S-Presso with a new refined engine
Jul 19, 2022, at 06:16 pm
New Delhi: Auto major Maruti Suzuki on Tuesday announced the launch of the new S-Presso with Next Gen K-Series 1.0L Dual Jet, Dual VVT engine with Idle-Start-Stop technology.
NTPC and Indian Oil sign agreement for powering refineries with renewable energy
Jul 19, 2022, at 04:27 pm
Mumbai/IBNS: NTPC and IndianOil signed an agreement for the formation of a joint venture company for meeting the power requirements of upcoming projects of IndianOil refineries in New Delhi Monday.
Rupee hits all-time low of 80 against US dollars
Jul 19, 2022, at 04:18 pm
Mumbai/UNI: The rupee hit an all-time low of 80 against the US dollars in further worry for the country's economy, media reports said.
5G auction: Reliance Jio infocomm deposits highest earnest money
Jul 19, 2022, at 05:51 am
New Delhi: Reliance Jio Infocomm has deposited the highest earnest money accounting for more than half of the earnest money deposited by the bidders ahead of the 5G auction.
EPFO likely to increase equity investment to 20 pc
Jul 19, 2022, at 03:37 am
New Delhi: Employees Provident Fund Organisation (EPFO) may approve a proposal to increase its investments in equities to up to 20 percent from the current limit of 15 percent during the EPFO trustees’ meeting scheduled to be held on July 29 and 30, media reported.
Jul 19, 2022, at 02:06 am
Mumbai: Railway Freight Activity Optimism Index (RFAOI) for Q2 2022 stands at 63, three points higher than the previous quarter despite the uncertainty posed by the Russia Ukraine war and the eminent risks weighing upon the pace of recovery of businesses (global inflation and swift change in monetary policy), according to a survey.
YES Bank in final stages of closing $1 billion fundraiser from Carlyle, Advent post ARC deal
Jul 18, 2022, at 11:50 pm
Mumbai: YES Bank is in the final stages of closing $1 billion equity fundraiser from private equity firms Carlyle and Advent International after it said it has selected an asset reconstruction company belonging to private equity firm JC Flowers as the base bidder for the sale of bad loans worth Rs 48,000 crore ($6.01 billion), media reports said.
CBIC clarifies ambiguity on GST on prepackaged goods
Jul 18, 2022, at 10:25 pm
New Delhi: The government has issued clarifications on the imposition of 5 percent GST on pre-packaged and labelled food items such as pulses and cereals containing a quantity up to 25 kg.
IndusInd Bank moves up 4.34 pc to Rs 850.55
Jul 18, 2022, at 10:15 pm
Mumbai: IndusInd Bank on Monday surged 4.34 pc to Rs 850.55 a major gainer in 30 scrips of BSE.
Indian Market: Sensex rallied 760.37 points
Jul 18, 2022, at 10:11 pm
Mumbai: The BSE Sensex on Monday spurted 760.37 points at 54,521.15 as buying was seen across the board.
Air India Calicut to Dubai flight diverted to Muscat after burning smell detected
Jul 18, 2022, at 10:09 pm
New Delhi: An Air India Express aircraft flying from Calicut to Dubai was diverted to Muscat after a burning smell was detected from one of the vents in the forward galley during the cruise, according to the Directorate General of Civil Aviation (DGCA).
Adani Wilmar slashes edible oil prices by Rs 5-30 per litre
Jul 18, 2022, at 08:26 pm
New Delhi: Amid declining trend in global edible oil prices, Adani Wilmar on Monday announced a cut on maximum retail prices (MRPs) on its range of edible oils.
mjunction targets 25 pc growth in FY23
Jul 18, 2022, at 02:23 am
Kolkata/UNI: India’s largest business-to-business (B2B) e-commerce company mjunction services limited is targeting a 25 per cent growth in FY23 after closing the previous fiscal with its best topline since inception.
Govt allows makers of electronic goods to make mandatory declarations using QR Code on package
Jul 17, 2022, at 06:10 am
New Delhi: The government has allowed the manufacturers of electronic products to make certain mandatory declarations through QR Code for a period of one year, if not declared in the package itself, the Department of Consumer Affairs said Saturday.
Substantial ease for airlines as OMC's reduce ATF prices
Jul 16, 2022, at 11:57 pm
New Delhi/UNI: The prices of Aviation Turbine Fuel (ATF) were reduced by 2.2 per cent on Saturday.
India: Mitsubishi bags contract to supply simulators for first bullet train project
Jul 16, 2022, at 11:55 pm
New Delhi/UNI: The latest development regarding India's first bullet train project is that the National High Speed Rail Corporation Ltd (NHSRCL) issued a ‘Letter of Acceptance’ to Mitsubishi Precision Company for design, manufacturing, supply and commissioning of training simulators of bullet trains.
HDFC Bank net profit move up by 19pc in Q1 to Rs 9,196 crore
Jul 16, 2022, at 09:33 pm
Mumbai: Private lender HDFC Bank on Saturday reported 19% year-on-year rise in net profit at Rs 9,196 crore for April-June quarter (Q1) of FY23 as compared to Rs 7,729.64 crore in the Q1 of previous financial year.
Federal Bank Q1 consolidated net moved up by 77.77 pc
Jul 15, 2022, at 10:37 pm
Mumbai: Private Sector lender, Federal Bank has reported a rise of 77.77 percent to Rs 634.22 crores for quarter ended June 30, 2022 as against net profit of Rs 356.76 crores for the quarter ended June 30, 2021.
Hind Unilever moves up 2.86 pc to Rs 2568.50
Jul 15, 2022, at 10:01 pm
Mumbai: Hind Unilever on Friday gained 2.86 pc to Rs 2568.50, a major gainer in 30 scrips of BSE.
India's Adani Group wins tender for privatisation of Israel's Haifa Port
Jul 15, 2022, at 09:54 pm
Mumbai: Adani Ports has won the tender for privatisation of Israel's Haifa Port, Adani Group Chairman Gautam Adani said on Thursday.
Maantic Inc to hire 300 people from Kolkata by end of 2023, opens new ODC in city
Jul 15, 2022, at 09:48 pm
Kolkata: US tech major Maantic Inc on Friday announced it will hire 300 people from Kolkata by the end of 2023.
Indian Market: Sensex jumps 344.63 pts
Jul 15, 2022, at 09:44 pm
Mumbai: The BSE Sensex on Friday rallied 344.63 pts at 53,760.78 on the strength of Auto, Consumer Durable, Telecom and FMCG stocks amid weak Asian Market.
SES raises eyebrows over remuneration paid to Trident Chairman Rajendra Gupta
Jul 15, 2022, at 03:00 am
Mumbai/IBNS: Stakeholder Empowerment Services, a corporate advisory and research firm raised eyebrows over the remuneration paid off to non-executive chairman and promoter of textile manufacturer Trident Rajendra Gupta this fiscal year, as per media reports.