Reserve Bank of India hikes repo rate by 50 bps to 4.90 percent, loans to become costlier
Jun 08, 2022, at 05:47 pm
Mumbai: As widely expected, the Reserve Bank of India (RBI) on Wednesday hiked policy repo rate by 50 basis points (bps) to 4.90 per cent with immediate effect.
Banks, merchants race to meet card tokenisation deadline
Jun 08, 2022, at 04:36 pm
The banks and merchants have asked their customers to tokenise their debit and credit cards ahead of the June 30, media reports said.
EOGEPL crosses the 0.8 mmscmd mark of gas production
Jun 08, 2022, at 04:09 pm
Durgapur: Essar Oil and Gas Exploration and Production Ltd (EOGEPL), an unconventional hydrocarbon (Coal Bed Methane) player, Tuesday announced crossing 0.8 mmscmd of gas production and is successfully marching towards the benchmark of 1.0 mmscmd post commissioning of the Urja Ganga Pipeline.
RBI hikes repo rate by 50 basis points
Jun 08, 2022, at 03:53 pm
New Delhi: The Reserve Bank of India on Wednesday announced the decision to hike repo rate by 50 basis points to 4.90 percent.
Indian Market: Sensex up over 200 pts
Jun 08, 2022, at 03:36 pm
Mumbai: The BSE Sensex on Wednesday jumped 238 pts to open at 55,345.51 on the strength of Consumer Durable, Metal, Realty and Power stocks ahead of RBI Monetary Policy today.
Hiring boom continues: India registers 9 pc YoY growth this May, shows Monster Employment Index
Jun 08, 2022, at 08:15 am
Mumbai: The job market continued to show growth for the second consecutive month of FY23 with a benchmark year-on-year recovery of 9 percent in May 2022, according to an online employment solution company.
Banks request RBI to not raise CRR in next monetary policy meet
Jun 08, 2022, at 05:50 am
Mumbai: Banks have approached the Reserve Bank of India (RBI), requesting not to further increase the Cash Reserve Ratio (CRR) threshold in the upcoming monetary policy meeting to allow credit growth amid already tightened liquidity following the last monetary policy in early May.
Dhoni invests in drone maker Garuda Aerospace praised by Elon Musk last year
Jun 08, 2022, at 12:24 am
Mumbai: Former Indian cricket captain Mahendra Singh Dhoni has invested an undisclosed amount in a home-grown drone-as-a-service (DaaS) company, media reports said.
Indian Market: Sensex tanks 567.98 points
Jun 07, 2022, at 11:55 pm
Mumbai: Extending losses for the third consecutive session on Tuesday, the BSE Sensex dropped 567.98 points to close at 55,107.34 as selling was seen in realty, capital goods and consumer durable stocks.
EPFO mulls increasing equity investment to 25 pc
Jun 07, 2022, at 11:25 pm
New Delhi: The Employers' Provident Fund Organisation (EPFO) is considering a proposal to increase its investment in equities from 15 percent to 25 percent in order to cover the gap in the shortfall in returns with investment in debt securities, media reports said.
Zomato likely to call board meeting to approve Blinkit buyout: Report
Jun 07, 2022, at 09:18 pm
Mumbai: Food aggregator platform Zomato may call a board meeting on June 17 to approve the buyout of quick commerce company Blinkit, formerly known as Grofers, media reports said.
Volvo Car India announces local assembly of its pure electric offering XC40 Recharge
Jun 07, 2022, at 09:08 pm
Kolkata: Volvo Car India on Tuesday announced that its all-electric offering the XC40 Recharge will be assembled in India for the Indian market.
Jun 07, 2022, at 04:43 pm
New Delhi/UNI: The prices of petrol and diesel remained steady for the 15th straight day Tuesday.
Indian Market: Sensex down by over 500 points
Jun 07, 2022, at 03:50 pm
Mumbai: The BSE Sensex remained weak on Tuesday too, as the BSE Sensex dropped 532.12 points at 55,143.20 as selling was seen across the board.
Elon Musk warns of terminating Twitter deal if data on fake accounts not provided
Jun 07, 2022, at 03:45 am
Tesla chief Elon Musk has warned that he may walk away from his $44 billion deal to acquire Twitter Inc if the micro-blogging company fails to provide data on spam and fake accounts, his letter to the company stated on Monday.
Revenue Deficit Grant of Rs. 7,183.42 crore released to 14 states
Jun 06, 2022, at 11:22 pm
New Delhi: The Department of Expenditure, Ministry of Finance has on Monday released the 3rd monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs.7,183.42 crore to 14 States. The grant has been released as per the recommendations of the Fifteenth Finance Commission.
Indian Rupee marginally falls one paisa against USD
Jun 06, 2022, at 11:04 pm
Mumbai: The Rupee on Monday eased one paisa to close at 77.63 against the USD on rising demand for the US Dollar by bankers and importers, dealers at the Foreign Exchange said.
Axis Bank to distribute special Coin series
Jun 06, 2022, at 11:03 pm
New Delhi: To celebrate the occasion of 'Azadi Ka Amrit Mahotsav', an initiative launched by Government of India to celebrate and commemorate 75 years of Independence, Axis Bank in coordination with the Reserve Bank of India (RBI) will be distributing limited number of special coin series to its few customers through select bank branches.
Jun 06, 2022, at 10:37 pm
New Delhi: BharatPe, a fintech company, on Monday announced the launch of its new brand campaign -‘Hai Yakeen’. Conceptualized around the power of dreams and tenacity of offline merchants and SMEs, the campaign aims to celebrate success stories of the resilient community of entrepreneurs of Bharat, across a range of industries.
MG Motor India launches MGverse
Jun 06, 2022, at 10:22 pm
Gurugram: Automobile major MG Motor on Tuesday became the first auto OEM in India, and one of the very few brands across the industries, to announce its vision of MGverse, a Metaverse platform.
Indian Market: Sensex falls 93.91 points
Jun 06, 2022, at 10:02 pm
Mumbai: The BSE Sensex on Monday slipped 93.91 points to end at 55,675.32 as selling was seen in Realty, Capital Goods, Consumer Durable stocks.
No plan to replace face of Mahatma Gandhi on banknotes: Reserve Bank of India
Jun 06, 2022, at 09:23 pm
Mumbai: The Reserve Bank of India on Monday confirmed it has no plans to change the image of Mahatma Gandhi on currency notes.
Tata Motors bags an order for delivering the biggest EV fleet in India
Jun 06, 2022, at 08:25 pm
Mumbai: In yet another step towards accelerating the transition to sustainable transportation, Tata Motors, on the occasion of the World Environment Day, signed an agreement with BluSmart Electric Mobility for delivering 10,000 XPRES T EVs to the company.
Job cuts in Tesla likely, after Musk mail says 'super bad feeling' about US economy: Report
Jun 06, 2022, at 05:47 pm
Elon Musk may cut jobs in his electric car company Tesla, Reuters reported, adding that in an internal mail sent to employees he conveyed his intentions arising from “super bad feeling” about the US economy.
Sensex down by over 300 points
Jun 06, 2022, at 04:35 pm
Mumbai/UNI: The BSE Sensex Monday tumbled down 377 pts at 55,391.39 in the opening session as selling was seen across the board.
RBI considers using images of Rabindranath Tagore, APJ Abdul Kalam on banknotes: Report
Jun 06, 2022, at 06:17 am
The Finance Ministry and the Reserve Bank of India are considering using watermark figures of two of India's greatest personalities Rabindranath Tagore and APJ Abdul Kalam on Indian currency notes, according to a media report.
Singapore's competition commission raises concerns with Tata Group over acquisition of Air India
Jun 05, 2022, at 12:16 am
Singapore's competition commission has raised concern with the Tata Group over its acquisition of Air India as the conglomerate operates two of the three key airlines in the Singapore-Mumbai and Singapore-Delhi routes.
UP has become favourite destination for investors: Kumar Mangalam Birla
Jun 04, 2022, at 09:09 pm
Lucknow/UNI: Referring to the old ties between Uttar Pradesh and the Aditya Birla Group (ABG), Chairman of ABG Kumar Mangalam Birla on Friday said post independence an aluminium factory in the name of Hindalco in the state was set up by them, marking the beginning for his group to becoming the world's largest company in its field.
Fuel prices remain unchanged for 13 consecutive days
Jun 04, 2022, at 07:16 pm
New Delhi/UNI: The prices of petrol and diesel remained steady for the 13th straight day on Saturday.
Amazon's CEO of worldwide consumer business quits after 23 yrs of service
Jun 04, 2022, at 06:30 pm
Amazon Friday said the chief executive officer of its worldwide consumer business, David Clark, is leaving the company after 23 years of service to pursue other opportunities.