IOC, BPCL, HPCL incurred revenue loss of $2.25 billion in March due to fuel prize freeze
Mar 25, 2022, at 07:37 am
Mumbai: State-run refiners IOC, BPCL and HPCL incurred a loss of $2.25 billion (Rs 19,000 crore) in revenue in March by freezing petrol and diesel prices despite a shar rise in crude oil prices, Moody’s Investors Service said on Thursday.
PNB Housing Finance, SBI enter into strategic co-lending partnership
Mar 25, 2022, at 03:07 am
Mumbai/ IBNS: PNB Housing Finance today announced a strategic co-lending agreement with State Bank of India to offer convenient and customised retail loans to homebuyers at competitive interest rates. The partnership will primarily cover priority sector housing loans.
Motherson wins its first order from Boeing
Mar 25, 2022, at 02:10 am
Noida: Motherson announced that it has won an order from Boeing to manufacture and supply aftermarket molded polymer parts for commercial airplane interiors. This is the first order for Motherson from Boeing.
SBI signs pact with housing finance companies for co-lending of home loans
Mar 25, 2022, at 12:05 am
Mumbai/IBNS: India’s largest lender, State Bank of India (SBI), has entered into a co-Lending agreement with five Housing Finance Companies (HFCs) to sanction home loans to the unserved and underserved sector in line with RBI guidelines.
Mar 24, 2022, at 09:13 pm
Revnomix Solutions LLP, recognized as a startup by the “Department for Promotion of Industry and Internal Trade”, is a seven-year-old revenue management firm with a pan-India presence, provides revenue management services to hotels.
How to Apply for a Demat Account in any Bank?
Mar 24, 2022, at 05:47 pm
While it is not typically 'mandatory' for you to have a Demat or dematerialization account to buy mutual fund shares - but you have to know that there are quite a lot of benefits to having one. It lets you buy mutual funds or shares just through an electronic transfer of funds without the assistance of a broker. It also ensures that you would not have to hold your physical fund certificate when redeeming shares. But - before that, let us get to know what a Demat account really is.
Mar 24, 2022, at 04:39 pm
Mumbai/UNI: The BSE Sensex on Thursday slid further by 494 points to open at 57,190.05 as heavy selling was seen in Finance, Bankex and Consumer Durable stocks.
Patanjali's Ruchi Soya raises Rs 1,290 crore from anchor investors
Mar 24, 2022, at 07:36 am
Patanjali-backed FMCG company Ruchi Soya Industries raised Rs 1,290 crore from 46 anchor investors on March 23, a day before its follow-on public offering (FPO).
Honda 2Wheelers India cumulative exports cross the 30 lac units’ milestone
Mar 24, 2022, at 12:33 am
New Delhi: Honda Motorcycle & Scooter India Wednesday announced its latest milestone of crossing 30 lac units’ cumulative exports in its 21st year of operations.
Meesho becomes first Indian company to launch an integrated e-commerce app for buyers and sellers
Mar 23, 2022, at 10:57 pm
Bengaluru/IBNS: E cokmerce company Meesho today announced the launch of an integrated e-commerce mobile app for Android users.
Kotak Bank drops 2.67 pc to Rs 1760.35
Mar 23, 2022, at 10:44 pm
Mumbai: Kotak Bank on Wednesday declined 2.67 pc to Rs 1760.35 a major loser in 30 scrips of BSE. Other losers were HDFC by 2.38 pc to Rs 2345.50, Bharti Airtel by 1.84 pc to Rs 706, Sun Pharma by 1.65 pc to Rs 898.85 and Maruti Suzuki by 1.63 pc to Rs 7637.
Indian Market: Sensex down 304.48 points
Mar 23, 2022, at 10:33 pm
Mumbai: The BSE Sensex on Wednesday dropped 304.48 points to settle at 57,684.82 on profit booking by local operators despite positive Asian Market.
Tata backed Indian Hotels Company to launch Rs 2000 cr QIP
Mar 23, 2022, at 10:09 pm
Indian Hotels Company (IHCL) is set to launch a qualified institutional placement (QIP) worth Rs 2,000 crore, Economic Times reported.
India achieves highest ever $400 billion goods export target ahead of the end of FY22
Mar 23, 2022, at 09:20 pm
New Delhi/IBNS: India hit the $400 billion export mark on Wednesday, a target it had set for for FY22.
Indian Market: Sensex moves up 696.81 points
Mar 22, 2022, at 10:31 pm
Mumbai: The BSE Sensex on Tuesday bounced back by 696.81 points to close at 57,989.30 following gains in technology, IT and energy stocks.
Mar 22, 2022, at 09:40 pm
New Delhi: A Supreme Court bench headed by Chief Justice N V Ramana Tuesday said that it would list for hearing the interim plea of e-commerce major Amazon seeking preservation of Future Retail Ltd's assets besides resumption of arbitration over the merger deal with Reliance Retail, media reports said.
Fitch reduces FY23 India growth forecast to 8.5 pc over high fuel prices
Mar 22, 2022, at 08:20 pm
Rating agency Fitch on Tuesday cut down India's growth forecast to 8.5 percent from 10.3 percent on account of a steep rise in energy prices due to the Russia-Ukraine war, media reports said.
Gulf investors look for investment prospects in Jammu & Kashmir
Mar 22, 2022, at 07:23 pm
Srinagar/IBNS: A 36-member gulf nations delegation has reached Srinagar to explore investment prospects in the region starting Sunday, officials informed.
Covid-related liquidity measures were introduced with sunset date: RBI Governor
Mar 22, 2022, at 05:58 pm
Covid-19-related liquidity measures announced by the central bank, excluding the interest rates, came with a sunset date, the Reserve Bank of India (RBI) Governor Shaktikanta Das has said.
Petrol, diesel prices hiked, cooking gas becomes Rs. 50 costlier
Mar 22, 2022, at 02:36 pm
New Delhi: For the first time since Nov 2, 2021, fuel prices were hiked in India on Tuesday.
Tata ALTROZ DCA launched at INR 8.1 lakhs
Mar 21, 2022, at 07:50 pm
Mumbai: Keeping the New Forever brand promise, Tata Motors, car manufacturer, on Monday launched the much-awaited ALTROZ Dual Clutch Automatic (DCA) at an attractive starting price of INR 8.1 lakhs.
How to apply for ICICI Credit Card at Finserv MARKETS?
Mar 21, 2022, at 07:29 pm
Have you been looking for a credit card for yourself? When you have a host of options available, the decision to pick one becomes challenging. It is an undeniable fact that ICICI credit card is one of the best options as it offers immense variety, is easy to apply and obtain, and provides various lucrative benefits. Here, we will talk about the ICICI credit card and how to apply for them at Finserv Markets.
Indian Market: Sensex up over 100 pts
Mar 21, 2022, at 06:55 pm
Mumbai: The BSE Sensex on Monday rose by 167 pts to open at 58,030.41 as buying was seen in Materials, Consumer Discretionary Goods and Services and Energy stocks.
Reliance Retail acquires 89 pc stake in lingerie brand Clovia
Mar 21, 2022, at 05:45 am
Reliance Retail Ventures Limited (RRVL) said on Sunday that it has acquired 89 percent equity stake in Purple Panda Fashions Private Limited, which owns and operates intimate wear brand Clovia.
Saudi Aramco more than doubles profit in 2021: Report
Mar 21, 2022, at 03:47 am
Saudi Arabia's Aramco reported that its annual net profit has more than doubled for 2021 due to higher oil prices, and it aims to significantly increase capital expenditure (capex) this year, media reports said.
Govt working on categorisation of cryptocurrency under GST law: Report
Mar 21, 2022, at 02:34 am
The cryptocurrency may soon be categorised as goods or services under the GST law as the government is working on it to levie tax on the entire value of transactions, media reports said.
EPFO adds 15.29 lakh net subscribers during month of January
Mar 21, 2022, at 12:42 am
New Delhi: Employees' Provident Fund Organisation (EPFO) on Sunday said it added 15.29 lakh net subscribers during the month of January, 2022 indicating uptick in the formal job market.
India's forex reserves slumps by $9.64 billion, the biggest drop in last 2 yrs
Mar 20, 2022, at 08:20 am
India's foreign exchange (forex) reserves dipped by $9.646 billion to $622.275 billion in the week ended March 11, the biggest drop in almost two years, as the Reserve Bank of India (RBI) engaged in selling dollars to prevent the erosion in the value of rupee.
Suzuki to invest $1.26 bn to build electric vehicles and batteries in India
Mar 20, 2022, at 02:28 am
New Delhi/UNI: Japan's Suzuki Motor Corp. plans to invest 150 billion yen ($1.26 billion) to build electric vehicles and batteries in India, Japanese media reported on Saturday.
Japan to offer $42 bn in investments to India during Kishida's visit: Report
Mar 20, 2022, at 01:24 am
New Delhi: Japanese Prime Minister Fumio Kishida is likely to announce an investment plan of 5 trillion yen ($42 billion) in India over the next five years during his trip starting tomorrow, according to a media report.