SAIL's MC Agrawal appointed mjunction Chairman
Jan 29, 2022, at 05:41 am
Kolkata/IBNS: Mahesh Chand Agrawal, Executive Director for Sales & International Trade Division at SAIL, has been appointed Chairman of mjunction services limited, a B2B e-commerce marketplace.
Govt appoints Dr V Nageswaran as Chief Economic Advisor days ahead of Budget
Jan 29, 2022, at 05:37 am
New Delhi/UNI: The government on Friday appointed Indian Institute of Management (IIM), Ahmedabad graduate and Economics professor Dr V. Anantha Nageswaran as the Chief Economic Advisor (CEA).
Jan 29, 2022, at 05:15 am
Kolkata: The Covid-19 pandemic has firmly asserted the importance of health insurance more than ever, the industry captains have said, demanding a GST rate cut on premium along with hike in tax exemption and giving infrastructure status to healthcare facilities in Union Budget 2022-23 in order to boost the penetration of health insurance in India.
Gold Savings accounts can reduce India's bulging current account deficit
Jan 29, 2022, at 01:47 am
New Delhi/IBNS: India is likely to introduce Gold Savings account (GSA) in the upcoming budget to change the preferred buying pattern of purchasing gold in its physical form to check the towering current account deficit.
Kotak Mahindra Bank Q3FY22 profit jumps 15 pc YoY to Rs 2,131 cr, NII grows 12 pc to Rs 4,334 cr
Jan 29, 2022, at 01:07 am
Mumbai/IBNS: Private sector lender Kotak Mahindra on Friday announced a standalone Profit After Tax (PAT) for Q3FY22 of Rs 2,131 crore, up 15 percent from Rs 1,854 crore for Q3FY21 and 4.87 percent increase from Rs 2,032 crore from the previous quarter.
Indian Rupee improves 3 paise against USD
Jan 28, 2022, at 10:54 pm
Mumbai/UNI: The Indian currency on Friday ended positive at 75.04, rising by 3 paise against the USD on selling of US dollars by bankers and exporters, dealers at the Foreign Exchange said.
Indian Market: Sensex falls 76.71 points
Jan 28, 2022, at 10:50 pm
Mumbai: The equity market remained weak for another day as the BSE Sensex on Friday slipped 76.71 points to settle at 57,200.23 in a highly volatile market.
Google to invest up to $1 billion in Airtel to develop India specific 5G services
Jan 28, 2022, at 09:02 pm
Telecom major Bharti Airtel and Google are going to partner to boost India's digital ecosystem with the US-based tech giant investing up to $1 billion under its Google for India Digitization Fund.
Indian Market: Sensex regains over 500 points
Jan 28, 2022, at 03:54 pm
Mumbai: The BSE Sensex on Friday bounced back 519 points to open at 57,795.11 as buying was seen across the board.
PNB Q3FY22 net profit jumps 123 pc, NII down by 6.1 pc YoY
Jan 28, 2022, at 07:45 am
Kolkata/IBNS: Public sector lender Punjab National Bank (PNB) Thursday reported a net profit of to Rs 1127 crore for the quarter ended December 2021, up 122.7 percent year-on-year.
Earphones and wearables brand BOAT files DRHP for Rs 2,000 cr IPO
Jan 28, 2022, at 05:45 am
Mumbai/IBNS: Imagine Marketing, the makers of Boat brand of headphones and smartwatches, Thursday filed Draft Red Herring Prospectus (DRHP) with stock market regulator SEBI for an IPO of up to Rs 2,000 crore.
Paytm Money launches messenger ‘Pops’ invest and track markets
Jan 28, 2022, at 02:19 am
Kolkata/IBNS: One97 Communications Limited that owns digital payments and financial services platform Paytm, Thursday, announced that its wholly-owned subsidiary Paytm Money has introduced India’s first intelligent messenger, revolutionizing the way users invest and track markets.
Jan 28, 2022, at 01:22 am
New Delhi/IBNS: Tata Sons Chairman N Chandrasekharan on Thursday said he is "convinced that the golden age of Air India lies ahead" as he welcomed the employees of the airline addressing them as "members of the Air India family".
Mahindra Insurance Brokers and Tata 1mg ink strategic deal for wellness solutions
Jan 27, 2022, at 11:22 pm
Mumbai/IBNS: Mahindra Insurance Brokers (MIBL), a subsidiary of Mahindra & Mahindra Financial Services (Mahindra Finance), Thursday said it has entered into a strategic partnership with online pharmacy Tata 1mg.
Budget 2022-23: Stainless steel MSMEs want reimposition of CVD on China, Indonesia
Jan 27, 2022, at 10:39 pm
New Delhi/IBNS: The workers in the stainless steel industry's medium, small, and micro enterprises (MSME) await the imposition of countervailing tax (CVD) on China and Indonesia, as it would fuel the Indian businessmen to proliferate manufacturing.
Yes Bank appoints Lavesh Sardana to head retail assets & debt Management biz
Jan 27, 2022, at 08:52 pm
Mumbai/UNI: Private sector lender Yes Bank announced on Thursday the appointment of Lavesh Sardana as Country Head for its Retail Assets and Debt Management operations.
Mahindra forays into e-cart segment
Jan 27, 2022, at 08:40 pm
Mumbai/UNI: Mahindra Electric Mobility, a part of the Mahindra Group, on Thursday launched its new electric 3-wheeler 'e Alfa Cargo' priced at Rs 1.44 lakh, ex-showroom Delhi.
Jan 27, 2022, at 07:54 pm
Sony Pictures Networks India, (SPN), has acquired the exclusive media rights for 2022 Asian Games from Nov 2021 to Sept 2023.
Sensex crashes by over 900 points
Jan 27, 2022, at 04:43 pm
Mumbai/UNI: The BSE Sensex on Thursday tanked 934.97 points, below 57K to reach 56,923.18 in the opening session, as selling was seen across the board amid weak global cues.
Johnson & Johnson net earnings up 41.9 pc in 2021 to $20.9 bln
Jan 27, 2022, at 04:38 am
Washington/UNI/Sputnik: The net earnings of Johnson & Johnson, the world's largest manufacturer of pharmaceutical products, increased by 41.9 percent year-on-year in 2021 to $20.878 billion, the American company said on Tuesday.
Tatas to take over Air India on Thursday, new board to pilot the airline
Jan 27, 2022, at 04:14 am
New Delhi/UNI: Tata group is all set to take control of Air India on Thursday marking the end of long-running disinvestment process for the loss-making carrier.
Adani Wilmar raises Rs 940 cr from anchor investors
Jan 27, 2022, at 03:25 am
Mumbai/UNI: Ahead of the launch of its IPO, FMCG company Adani Wilmar has raised Rs 940 crore from anchor investors, it was reported here on Wednesday.
Anushka Sharma's production house signs Rs 400 cr deal with Amazon, Netflix: Report
Jan 26, 2022, at 02:41 pm
OTT platforms Netflix and Amazon Prime have entered into deals with Bollywood actor Anushka Sharma's production house Clean Slate Filmz Pvt to stream web series and movies worth about Rs 400 crore ($54 million), media reports said.
RIL's omnichannel beauty platform soon to challenge Nykaa, Myntra: Report
Jan 26, 2022, at 02:32 pm
Mumbai: Reliance Industries (RIL) is all set to challenge top fashion, cosmetic and personal care etailers like Nykaa, Purplle and others like Walmart-owned Myntra with its omnichannel beauty platform, according to media reports.
Centre shortlists 4 names, including two women economists, for Chief Economic Advisor
Jan 26, 2022, at 08:26 am
New Delhi/IBNS: The Centre has shortlisted four candidates for the post of Chief Economic Advisor (CEA) to succeed K V Subramanian, media reports said.
IMF lowers India's GDP forecast to 9 pc from 9.5 pc
Jan 26, 2022, at 07:38 am
Washington: The International Monetary Fund (IMF) has lowered India's economic growth forecast to 9 percent for the financial year ending March 31.
PMC Bank to be merged with Unity Small Finance Bank
Jan 26, 2022, at 03:35 am
Mumbai/IBNS: The Centre has approved the merger of cash-strapped Punjab and Maharashtra Co-operative bank with Unity Small Finance Bank (UNSFB), the Reserve Bank of India (RBI) said Tuesday.
Jan 26, 2022, at 02:04 am
New Delhi/IBNS: Union Budget 2022-23 is expected to come with measures to boost consumption, changes in tax concessions and higher allocation to PLI schemes amid twin challenges of fiscal consolidation and boosting growth, according to FY23 Budget Preview by BOB Economic Research. Further, it pegged the fiscal deficit at 6-6.25 percent in view of these factors along with upcoming state elections and gross borrowing expected to be maintained at Rs 12-13tn, despite higher repayments.
Indian Rupee slips 21 paise against USD
Jan 25, 2022, at 11:45 pm
Mumbai/UNI: The Rupee continued to slip on Tuesday as it dropped 21 paise at 74.77 against the USD on brisk demand for US Dollars by bankers and importers, dealers at the Foreign Exchange said.
Indian Market: Sensex recovers 366.74 points
Jan 25, 2022, at 11:43 pm
Mumbai/UNI: The BSE Sensex on Tuesday recovered 366.74 points at 57,858.15 on the strength of Telecom, Utilities, Power and Auto stocks.