GDP share of goods and services exports surges to 21.4 pc in 2021-22 from 18.7 pc in 2020-21

Jul 30, 2022, at 07:07 pm

New Delhi: The share of exports of goods and services in GDP has increased from 18.7 percent in 2020-21 to 21.4 percent in 2021-22.

50 million EXIM containers handled under Logistic Data Bank project

Jul 30, 2022, at 04:40 pm

New Delhi: NLDSL-NICDC Logistics Data Bank’s LDB Project has achieved a milestone of handling 50 million EXIM containers since its inception six years ago, the Ministry of Commerce and Industry said Friday.

ZEE-Sony receives merger approval from BSE, NSE

Jul 30, 2022, at 04:36 pm

Mumbai/IBNS: Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Friday granted approval to Zee Entertainment Enterprises Ltd (ZEEL) regarding its proposed merger with Culver Max Entertainment Pvt. Ltd. (previously Sony Pictures Networks India Private Limited).

PM Gati Shakti: Now 30 ministries are in constant touch with each other, says Deputy Sec. Logistics

Jul 29, 2022, at 07:55 pm

PM Gati Shakti- National Master Plan, essentially a digital platform, was launched by Prime Minister Narendra Modi on Oct 13 last year to break the departmental silos and bring in multiple stakeholders together, integrate various transportation modes and address issues relating to last mile and multi-modal connectivity.  IBNS Delhi Correspondent Nitin Waghela interacts with Deputy Secretary for Logistics Division at DPIIT Dr. Jivisha Joshi Gangopadhyay to understand the current flow of possibilities and challenges that are being dealt under the PM Gati Shakti approach.

Bandhan Bank sets up its first currency chest

Jul 29, 2022, at 03:34 am

Patna: Bandhan Bank today announced the opening of its currency chest in Deedargunj, Patna.

Indian Rupee down 12 paise against USD

Jul 27, 2022, at 10:22 pm

Mumbai: The Rupee on Wednesday slid 12 paise to close at 79.89 against the USD on rising demand for US Dollar from bankers and exporters, dealers at the Foreign Exchange said.

Indian market: Sensex surges 547.83 points

Jul 27, 2022, at 10:18 pm

Mumbai: The BSE Sensex on Wednesday rallied 547.83 points at 55,816.32 on the strength of IT, healthcare and capital goods stocks.

Tata Steel signs MoU with drone start-up AUS

Jul 27, 2022, at 07:24 pm

Mumbai: Tata Steel has signed a Memorandum of Understanding (MoU) with Aarav Unmanned Systems (AUS), a Bangalore-based startup providing end-to-end drone solutions, on July 22, 2022 for effective mine management.

Volvo Car India launches its Pure Electric XC40 Recharge at Rs. 55,90,000 ex-showroom

Jul 27, 2022, at 06:37 pm

Kolkata: Automobile major Volvo Car India on Wednesday launched its much-awaited pure electric XC40 Recharge on metaverse which the company named as ‘VolvoVerse’.

L&T Q1FY23 net profit soars 45 pc to Rs 1702.07 crore

Jul 27, 2022, at 06:38 am

Mumbai: Larsen & Toubro on Tuesday said its net profit grew 45 percent to Rs 1702.07 crore (attributable to owners of the company) for the quarter ended June 30, 2022.

IMF further slashes India's GDP forecast for 2022 to 7.4 pc

Jul 27, 2022, at 06:24 am

New Delhi: The International Monetary Fund (IMF) on Tuesday reduced India's gross domestic product (GDP) growth forecast to 7.4 percent in 2022 from 8.2 percent projected in April this year.

5G spectrum: Telcos place bids worth Rs 1.45 lakh cr on day 1 of auction

Jul 27, 2022, at 05:44 am

New Delhi: The first day of the much-awaited 5G spectrum auction on Tuesday saw four rounds of auction with participants placing bids amounting to a total of Rs 1.45 lakh crore for the airwaves.

BPCL dispatches indigenous Super Absorbent Polymer

Jul 26, 2022, at 10:54 pm

Mumbai: Bharat Petroleum Corporation Limited (BPCL), a petroleum sector company in India, has dispatched the first indigenous Super Absorbent Polymer from the Propylene Derivatives Petrochemical Complex at BPCL Refinery in Kochi.

Indian Rupee falls 5 paise against USD

Jul 26, 2022, at 10:29 pm

Mumbai: The Indian Rupee on Tuesday declined five paise to close at 79.78 against the USD on rising demand for US Dollar from bankers and exporters, dealers at the Foreign Exchange said.

Infosys drops 3.45 pc to Rs 1451

Jul 26, 2022, at 10:27 pm

Mumbai: Infosys on Tuesday slipped 3.45 pc to Rs 1451, a major loser in 30 scrips of BSE.

Indian Market: Sensex down 497.73 points

Jul 26, 2022, at 10:26 pm

Mumbai: The BSE Sensex on Tuesday lost another 497.73 points at 55,268.49 as selling was seen in IT, FMCG and technology stocks.

Axis AMC and Tishman Speyer announce partnership to develop Commercial Real Estate

Jul 26, 2022, at 10:20 pm

New Delhi:  Axis Asset Management Company Limited, one of India’s fastest growing asset management company promoted by Axis Bank Limited, has entered into a strategic partnership with Tishman Speyer, a leading international developer, owner and operator of world class real estate.

Asian Paints net profit moves up 78.9 pc

Jul 26, 2022, at 09:17 pm

Mumbai: Asian Paints on Tuesday reported 78.9 per cent increase in its net profit to Rs 1,016.93 crore for the quarter ended on June 30, 2022, as compared to Rs 568.50 crores in the corresponding period last year.

MG Motor unveils India's largest 14” HD Portrait Infotainment System in the soon-to-be-launched Next-Gen Hector

Jul 26, 2022, at 08:16 pm

Gurugram: Automobile major MG Motor India has unveiled the first teaser of the Next-Gen Hector, aimed to enrich the customer experience by enabling indulgence.

SpiceJet aircraft are absolutely safe; DGCA checks reveal no safety violation, says government

Jul 26, 2022, at 06:44 pm

Kolkata: A series of spot checks carried out by India’s aviation safety regulator, the Directorate General of Civil Aviation (DGCA), on SpiceJet’s aircraft fleet did not find “any major significant finding or safety violation”, the civil aviation ministry informed Parliament on July 25.

Tata Motors partners with Indian Bank to offer attractive car loans for Passenger Vehicles Business

Jul 26, 2022, at 06:18 pm

Mumbai: With the festive season around the corner, Tata Motors, India’s leading automotive brand entered into a partnership with Indian Bank to facilitate easy financing for its passenger vehicles customers.

Here's How You Can Boost Your Business with the "Pay Now" Button

Jul 26, 2022, at 06:14 pm

In today's time, e-commerce has become an industry of cutthroat competition. That is why, as a merchant, you should leave no stone unturned when it comes to improving your sales. From designing a customer-friendly website interface to integrating easy-to-use payment processes, everything should be well taken care of in order to stay in the competition.

Indian Market: Sensex down over 300 points

Jul 26, 2022, at 03:49 pm

Mumbai: The BSE Sensex on Tuesday tumbled down 319.25 points to 55,446.97 as selling was seen across the board.

Canara Bank Q1FY23 net profit jumps 71.79 pc y-o-y to Rs 1177 cr

Jul 26, 2022, at 12:57 am

Kolkata: State-owned lender Canara Bank on Monday reported a net profit of Rs 2022 crore in the Q1FY23, up 71.79 percent year-on-year (y-oy) compared to Rs 1177 crore in the same quarter in FY22.

Indian Rupee up 13 paise against USD

Jul 25, 2022, at 11:28 pm

Mumbai: The Rupee on Monday jumped 13 paise to close at 79.73 against the USD on selling of US Dollar from bankers and importers, dealers at the Foreign Exchange said.

Indian Market: Sensex drops by 306 points

Jul 25, 2022, at 11:24 pm

Mumbai: Snapping the gaining streak of last six sessions, the BSE Sensex on Monday tumbled down 306 pts at 55,766.22 on profit booking by local dealers.

Govt has no plans to privatise MTNL: Minister Devusinh Chauhan

Jul 25, 2022, at 06:08 am

New Delhi: The government has no plans to privatize Mahanagar Telephone Nigam Ltd (MTNL), Minister of State for Communications Devusinh Chauhan has said, putting an end to speculations that the loss-making telecom company would be up for sale.

India’s 2022 half-yearly merchandise exports increase to $ 235.7 billion

Jul 25, 2022, at 05:35 am

New Delhi: India’s merchandise exports during January-June 2022 stood at $ 235.7 billion as compared to $ 185.9 billion during the same period of the previous year, according to data shared by the Ministry of Commerce & Industry.

Infosys Q1 profit moves up 3.2 pc at Rs 5,360 cr, revenue jumps 23 pc

Jul 25, 2022, at 03:13 am

Mumbai: IT major Infosys on Sunday reported 3.2 per cent year-on-year increase in consolidated net profit at Rs 5,360 crore for the quarter ending June 30, 2022.

Govt sets 75 pc target by 15th Aug and 100 pc by the end of financial year for procurement through GeM

Jul 25, 2022, at 02:47 am

New Delhi: Prime Minister Narendra Modi has set a target of 75 percent procurement to be made through GeM by August 15 and 100 percent procurement to be made through GeM by the end of the current financial year, Commerce and Industry Minister Piyush Goyal has said.