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.
Hyundai competes with Tesla in EV segment, launches its first electric sedan with new emblem
Jul 15, 2022, at 01:52 am
Seoul/IBNS: Hyundai Motor Company on Thursday introduced its first electric sedan Ioniq 6 to compete against electric vehicle (EV) giant Tesla Inc.
PNB MetLife announces Rs 594 cr bonus for 4.95 lakh participating policyholders
Jul 14, 2022, at 11:58 pm
Kolkata: PNB MetLife India Insurance Company Limited (PNB MetLife) has announced a bonus of Rs 594 crore for all eligible policyholders of participating products for FY22.
96 lakh MSMEs registered on Udyam portal in two years: MSME Secretary
Jul 14, 2022, at 10:28 pm
New Delhi/UNI: Within two years of the adoption of the new definition for MSMEs, and the subsequent launch of the Udyam portal, almost 96 lakh MSMEs, with the employment of 7.34 crore, have registered, Secretary for the Ministry of Micro, Small & Medium Enterprises (MSME) B B Swain said Thursday.
5G Auction: Reliance Jio to bid up to Rs 60,ooo cr, Airtel up to Rs 50,000 cr, says report
Jul 14, 2022, at 06:57 pm
Reliance Jio Infocomm and Bharati Airtel are expected to bid for the 5G spectrum rights in the range of Rs 55,000-Rs 60,00 crore and Rs 45,000 to Rs 50,000 crore, respectively, in the airwave auction going to start on July 26, ET reported, citing experts and analysts.
RBI slaps Rs 1.7 cr fine on Ola Financial Services for non-compliance
Jul 14, 2022, at 06:54 pm
Mumbai: The Reserve Bank of India (RBI) slapped a Rs 1.67 crore fine on Ola Financial Services Ltd, the financial arm of app-based ride-hailing firm Ola, for non-compliance with its prepaid payment instrument (PPI) and know-your-customer (KYC) guidelines.
DRI alleges Customs duty evasion of Rs 4389 crore by Chinese phone-maker Oppo India
Jul 14, 2022, at 06:50 pm
After Xiaomi and Vivo, raids were conducted at the office premises of another Chinese phone maker Oppo and allegedly detected customs duty evasion of Rs 4389 crore, the finance ministry said.
June retail inflation at 7 pc continues to be above RBI target for 6 months
Jul 14, 2022, at 05:20 am
New Delhi: India's June retail inflation dipped marginally to 7.01 percent in June to 7.04 percent in May, according to government data released on Tuesday, breaching Reserve Bank of India (RBI) target of 2 to 6 percent for six consecutive months.
Kolkata based cloud kitchen enters Bengaluru market
Jul 14, 2022, at 04:47 am
Kolkata, Bengaluru/IBNS: Kolkata based cloud kitchen ‘edabba’ has entered the Bengaluru market through collaboration with Mukanda Foods.
QSR brand ZOMOZ joins hands with Rebel Foods, sees uptick in business
Jul 14, 2022, at 03:38 am
Hyderabad/IBNS: Hyderabad-based quick-service restaurant chain ZOMOZ, which faced a downturn owing to the pandemic situation, claims to have recovered lost ground after they joined hands with Rebel Foods, a leading internet restaurant company.
SSG Insurance incentivises users to choose healthy living
Jul 14, 2022, at 12:30 am
New Delhi/IBNS: Health and fitness enterprise StepSetGo (SSG) partnered with insurtech firm Symbo Insurance to launch a pocket-friendly health insurance option called SSG Health Insurance.
India coping better than other countries amid Ukraine-Russia crisis: Amit Shah
Jul 14, 2022, at 12:24 am
New Delhi/IBNS: Union Home Minister Amit Shah on Tuesday said the economic slowdown in India is controlled compared to other nations.
IDBI Bank inaugurates a new Zonal Office at Patna
Jul 13, 2022, at 11:52 pm
Patna: IDBI Bank on Wednesday announced opening of its new Zonal office in Patna at Sai Corporate Park, Rukanpura, Bailey Road, Patna- 800014.