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.
Twitter says waiting period for Elon Musk's buyout deal has ended
Jun 04, 2022, at 07:14 am
The waiting period for Elon Musk's $44-billion deal to buy Twitter under HSR Act is over, the company said Friday.
Essar Power enters into agreement with Adani Transmission Ltd to sell transmission asset
Jun 04, 2022, at 05:24 am
Gujarat/Mumbai: Essar Power Limited, India’s first private sector independent power producer, has entered into a definitive agreement with Adani Transmission Limited to sell one of its two transmission lines for Rs 1,913 crore.
Jun 04, 2022, at 05:03 am
Lucknow: The Government of Uttar Pradesh signed a Memorandum of Understanding on the eve of the Global Investors’ Summit in Lucknow to set up South Asia’s largest integrated manufacturing facility in Uttar Pradesh Defence Industrial Corridor.
ICICI Home Finance enters into co-lending partnership with Easy Home Finance
Jun 04, 2022, at 04:24 am
Mumbai/UNI: ICICI Home Finance Company Limited (ICICI HFC) has entered into a co-lending partnership with Easy Home Finance Ltd (EASY), a leading mortgage tech company, to disburse affordable home loans in the country.
Govt approves 8.1 pc interest rate on PF deposits for 2021-22
Jun 04, 2022, at 04:20 am
New Delhi: The Centre Friday notified 8.1 percent interest on Employees' Provident Fund (EPF) deposits, paving the way for crediting the interest into the accounts of 60 million EPFO account holders for 2021-22.
US: Ford to pump in $3.7 billion to boost EVs, gasoline-driven vehicle prodn
Jun 04, 2022, at 02:34 am
Michigan: Automaker Ford announced Thursday an investment of $3.7 billion in Ohio, Michigan, and Missouri for the production of both EVs and gasoline-driven vehicles, Reuters reported.
Kids category sales jump 40 pc on Snapdeal as pandemic fears recede
Jun 03, 2022, at 07:06 pm
New Delhi: With pandemic fears receding and daily lives moving towards a semblance of normalcy, online shopping is reflecting a relaxed and optimistic sentiment in society, including in smaller cities and towns across the country, shows recent data from Snapdeal.
Jupiter Wagons forays into EV segment with the launch of ‘Jupiter Electric Mobility’
Jun 03, 2022, at 07:03 pm
Considering the increasing need for environmentally friendly transportation, Jupiter Wagons Ltd. (JWL), a manufacturer of wagons, high-speed brake systems, and railway and engineering equipment, is entering the electric mobility market with the launch of ‘Jupiter Electric Mobility’ (JEM) focusing on commercial EV vehicles.