RBI may have sold $2 bn to control fluctuations in rupee: Report
Mar 03, 2022, at 08:42 am
The Reserve Bank of India (RBI) is estimated to have offloaded $2 billion in the local currency market to control wild fluctuations in the exchange rate, the biggest central bank intervention in the aftermath of Ukraine-Russia war, ET reported citing market sources.
NSE IFSC to start trading 8 premium US stocks from tomorrow
Mar 03, 2022, at 05:10 am
Indian investors will now be able to invest in shares of US-based companies like Amazon, Tesla, Alphabet, Meta Platforms, Microsoft, Netflix, Apple and Walmart, starting March 3.
Deepak Parekh steps down as the non-executive chairman of HDFC ERGO
Mar 03, 2022, at 02:01 am
Mumbai: Deepak Parekh, the chairman of Housing Finance Development Corporation (HDFC), has stepped down from the post of non-executive chairman of the company's insurance wing HDFC ERGO General Insurance, CNBC TV18 reported on March 2.
Hikes in petrol, diesel prices likely to start from next week: Report
Mar 03, 2022, at 12:44 am
New Delhi/IBNS: Petrol and diesel prices are likely to increase after assembly elections in five states get over next week to cover the Rs 9 a litre gap caused by international oil prices that zoomed past $100 a barrel.
HireMee features among $5Mn XPRIZE Rapid Reskilling competition top rankers
Mar 02, 2022, at 11:54 pm
Bengaluru: India’s skilling, assessment and job platform HireMee has made it to the list of five finalists of the $5Mn XPRIZE Rapid Reskilling competition -- the sole non-US firm to make it to the prestigious global list.
Canara Bank revises interest rate for Saving Bank deposits above Rs 1000 cr
Mar 02, 2022, at 11:14 pm
Kochi: Canara Bank, a leading Public Sector Bank, has revised the rates of interest and introduced additional slab for Rs 1,000 crore and above for Saving Bank (SB) deposits with higher rates of interest, with effect from March 1, 2022.
Sensex moves down by 778.30 points
Mar 02, 2022, at 10:49 pm
Mumbai: The BSE Sensex on Wednesday dropped 778.30 points to close at 55,468.90 on weak global cues.
CryptoWire in pact with Bitbns to commence trading on crypto index IC15 from April
Mar 02, 2022, at 08:00 am
Kolkata: CryptoWire, a global crypto super app, today said it has entered into an agreement with Bitbns, one of the leading crypto-currency exchanges of the country, to commence trading on India's first global crypto index IC15 next month.
SMP stresses on reviving the inland waterways connectivity to Pandu, Assam and north eastern states
Mar 02, 2022, at 07:55 am
Development of infrastructure to harness the trade potential of the North Eastern region and enhance the economic prosperity by connecting the river to sea via NW1, NW2 and Indo Bangladesh Protocol Route is the focus under Prime Minister's Gati Shakti policy.
Meesho aids digitization of MSMEs in West Bengal
Mar 02, 2022, at 07:21 am
Kolkata/IBNS: Internet commerce company Meesho Tuesday said it has so far helped over 4 lakh sellers across the country digitize their businesses.
Mar 02, 2022, at 07:07 am
The initial public offering of state-run insurance behemoth Life Insurance Corporation of India (LIC) can be pushed to the next financial year, media reports said, noting that the government is likely to hold a meeting to reassess the IPO timing amid the Russia-Ukraine war.
Reliance acquires majority stake in designer brand Abraham & Thakore
Mar 02, 2022, at 06:22 am
Reliance Retail has acquired a majority stake in designer wear brand Abraham & Thakore for an undisclosed amount, the company said Tuesday.
Jammu and Kashmir: Apple growers expecting bumper harvest this year
Mar 02, 2022, at 04:24 am
Srinagar: Apple growers in Jammu and Kashmir are expecting to see a good harvest of the fruit this year due to heavy snowfall and moderate temperature in those areas where these apples are grown.
Mar 02, 2022, at 03:53 am
New Delhi: State-run Indian refiner Bharat Petroleum is seeking to import crude oil from the Middle Eastern producers to meet the requirements for April, fearing that the Western sanctions on Russia can disrupt the deliveries of Urals crude, Reuters reported citing sources.
Russia-Ukraine War: SBI halts trade with sanctioned Russian entities
Mar 02, 2022, at 01:18 am
State-run lender State Bank of India has said it has suspended transactions involving Russian entities in the wake of international sanctions, media reports said.
India collects Rs 1,33,026 crore gross GST revenue in February
Mar 01, 2022, at 11:24 pm
New Delhi: The Indian government's goods and service tax revenue collection for the month of January stood at Rs 1,33,026 crore, as per data released by the Ministry of Finance on Tuesday.
MG Motor India records retail sales of 4528 units in February 2022
Mar 01, 2022, at 09:30 pm
Gurugram: MG Motor India on Tuesday announced that it has retailed 4528 units in February 2022, accounting for a growth of 5% over the corresponding month last year.
Is it Mandatory to file an ITR before Availing a Housing Loan in India?
Mar 01, 2022, at 08:11 pm
Does a house loan in India entail the need to file for ITR? It needs considerable investment to build or purchase a house. Whether it’s a rented apartment or an independent villa, the purchase amount could run into lakhs, if not crores. That’s not an amount that people usually manage to save; for most of us, instant purchase of a house isn’t a possibility.
BharatPe co-founder Ashneer Grover quits following sacking of his wife
Mar 01, 2022, at 07:29 pm
Indian fintech company BharatPe's co-founder Ashneer Grover on Tuesday resigned from the firm and its board, days after his wife Madhuri Jain Grover was sacked for alleged financial irregularities, media reports said.
Mar 01, 2022, at 03:33 am
Kolkata/IBNS: Civil Aviation Minister Jyotiraditya Scindia on Monday assured the industry that he would not rest until the burden of higher jet fuel becomes lower even as most of the states have already reduced the Value-Added Rates significantly in pursuance from the Centre.
Mahindra Logistics to acquire majority stake in Whizzard
Feb 28, 2022, at 11:28 pm
Mumbai: Mahindra Logistics Ltd. (MLL), a Third-Party Logistics (3PL) solution providers, on Monday announced its acquisition of majority stake in ZipZap Logistics Private Limited, a last-mile logistics service provider operating under its brand ‘Whizzard’.
Mahindra to acquire 60 pc stake in ZipZap
Feb 28, 2022, at 11:03 pm
Mumbai: Mahindra Logistics, a part of the Mahindra Group, on Monday said it has acquired a 60 per cent stake in Hyderabad-based last-mile delivery logistics firm ZipZap Logistics for Rs 71.73 crore.
Tata Capital expands its reach to 250 branches across India
Feb 28, 2022, at 10:43 pm
Mumbai: Tata Capital Ltd, the flagship financial services company of the Tata Group, expands its presence in the country with the addition of 60 new branches in the FY 21- 22 with a special focus on tier II and tier III markets.
3,00,000th Tata Nexon rolls out of the Ranjangaon facility
Feb 28, 2022, at 10:32 pm
Mumbai: Automobile giant Tata Motors on Monday celebrated the roll – out of the 3,00,000th Nexon – India’s first GNCAP 5star rated car, from its Ranjanga on facility in Pune.
Russia-Ukraine war: Rouble tanks to all-time low as market opens
Feb 28, 2022, at 07:53 pm
Moscow/UNI: The Rouble currency dipped to an all-time low versus the US dollar on Monday as markets opened for trading on the first day after western nations punished Russia with economic sanctions for its invasion of Ukraine.
BP exits its 20 pc stake in Russian oil giant Roseneft in wake of Ukraine invasion
Feb 28, 2022, at 06:52 am
British energy giant BP said Sunday it plans to offload a 19.5 percent stake in oil Russian company Rosneft (ROSN.MM) in the wake of Russia's invasion of Ukraine, media reports said.
Airtel shareholders clear Google's investment in company
Feb 28, 2022, at 06:04 am
Mumbai: Bharti Airtel shareholders have given their nod to the issue of equity shares by the firm to Google on “a preferential basis” after the US-based tech giant’s recent acquisition of a 1.28 percent stake in the telco for $700 million.
Airport infra sect to attract Rs 2.3 trn by 2030: Report
Feb 28, 2022, at 04:08 am
Mumbai/UNI: The greenfield airports infrastructure market in India is likely to attract Rs 2.3 trillion investment in the next eight years with Russia and Ukraine crisis expected to have only a short-term impact on the aviation industry, says Praxis Global Alliance.
Export of guavas sees a surge, records growth of 260 pc since 2013
Feb 28, 2022, at 03:54 am
New Delhi/UNI: The export of guavas from India has seen a growth of 260 percent since 2013, an official statement said on Sunday.
CCEA approves common e-auction of coal for power & non-power coal users
Feb 27, 2022, at 08:15 am
Mumbai/UNI: In a major relief to the non-power coal users the Cabinet Committee on Economic Affairs (CCEA) on Saturday approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.