RBI imposes monetary penalty on PNB, ICICI Bank for non-compliance
Dec 16, 2021, at 05:59 pm
Mumbai/IBNS: Reserve Bank of India (RBI) on Wednesday said it has imposed a monetary penalty on private sector lender ICICI Bank and state-run Punjab National Bank (PNB) for non-compliance with its rules.
Elon Musk's Starlink intends to apply for all applicable licences for operations in India
Dec 16, 2021, at 05:54 pm
New Delhi/IBNS: Elon Musk-led satellite broadband company Starlink informed the Parliament on Wednesday that it intends to apply for all applicable licences for commercial launch in India.
RBI allows small finance banks and payments banks to conduct govt business
Dec 16, 2021, at 05:36 pm
Mumbai/IBNS: Reserve Bank of India (RBI) has allowed scheduled payments banks and small finance banks (SFBs) to conduct government business.
Reliance Jio users can soon recharge subscription through WhatsApp
Dec 16, 2021, at 05:35 am
Mumbai/IBNS: Indian telecom giant Reliance Jio and Meta (formerly known as Facebook) on Wednesday announced that the Jio users will soon be able to renew their subscription on WhatsApp.
TVS, BMW likely to ink deal for EV development and production: Report
Dec 16, 2021, at 03:26 am
Chennai: Indian automobile major TVS is likely to collaborate with BMW for joint development, manufacturing, and exports of electric vehicles from India, ET reported.
Govt invites bids for the strategic disinvestment of PDIL, HLL Lifecare Ltd
Dec 16, 2021, at 01:14 am
New Delhi/IBNS: The finance ministry has invited global bids for the strategic sale of Projects & Development India Limited (PDIL) and HLL Lifecare Ltd. (HLL) as part of its disinvestment target.
Bajaj Finance drops 3.10 pc to Rs 6849.80
Dec 16, 2021, at 12:18 am
Mumbai/UNI: Bajaj Finance on Wednesday slipped 3.10 pc to Rs 6,849.80 a major loser in 30 scrips of BSE.
JioMart partners with WhatsApp to deliver daily essentials
Dec 16, 2021, at 12:05 am
Mumbai/IBNS: JioMart partnered with Meta’s, formerly known as Facebook, WhatsApp to enable retailers and customers to shop using the services of the messaging app in India.
Indian Market: Sensex down 329.06 pts
Dec 15, 2021, at 11:57 pm
Mumbai/UNI: The BSE Sensex on Wednesday tumbled down 329.06 pts to settle at 57,788.03 following selling in Realty, Technology, IT and Metal stocks.
Union Cabinet gives nod to Rs 76,000-crore incentive scheme for semiconductors
Dec 15, 2021, at 09:32 pm
New Delhi/IBNS: The Union Cabinet Wednesday cleared the Rs 76000 crore incentive scheme for semiconductors.
Ola begins delivery of electric scooters today
Dec 15, 2021, at 05:03 pm
Mumbai/IBNS: After a delay of two months, Ola is set to begin the delivery of its electric scooters from Wednesday, media reports said.
Indian origin Leena Nair appointed Global CEO of French fashion giant Chanel
Dec 15, 2021, at 06:44 am
London/IBNS: Leena Nair, a top Unilever executive, has been named the Global CEO of the French luxury group Chanel on Tuesday.
Banks to go on strike for two days against privatisation: Union leader
Dec 15, 2021, at 05:34 am
Hyderabad/UNI: The United Forum of Bank Unions (UFBU), an umbrella body of nine unions and associations, on Monday threatened an all India-strike on December 16 and 17 in protest against privatisation of public sector banks.
Retail inflation rises to 4.91 pc amid rising food prices
Dec 15, 2021, at 05:04 am
New Delhi/IBNS: The retail inflation based on Consumer Price Index (Combined) rose to a three-month high of 4.91 percent in November spurred by rising food prices.
Annual SIP inflows cross Rs 1 lakh cr for the first time
Dec 14, 2021, at 10:10 pm
Mumbai/IBNS: For the first, the cumulative inflows from systematic investment plans have crossed Rs 1 lakh crore in a year, data from the Association of Mutual Funds in India (AMFI) shows.
WPI touches 14.23 pct in November
Dec 14, 2021, at 09:10 pm
New Delhi: The Wholesale Price in India touched a more than a decade high of 14.23 per cent in November, official data released on Tuesday said.
Investing $1 per person annually could save 7 million lives in low, lower-middle income nations
Dec 14, 2021, at 09:02 pm
New York: A new World Health Organization (WHO) report shows that close to seven million deaths could be prevented by 2030, if low and lower-middle income countries were to make an additional investment of less than a dollar per person each year, in the prevention and treatment of noncommunicable diseases (NCDs).
Manohari Gold Tea sold at a record price of Rs 99,999 per kg at Guwahati Tea Auction Centre
Dec 14, 2021, at 08:50 pm
Guwahati: Famous and rare variety of Assam tea called ‘Manohari Gold Tea’ on Tuesday has set a record after it was auctioned at a record price Rs 99,999 per kg at Guwahati Tea Auction Centre.
L&T's construction arm bags large contract in Odisha
Dec 14, 2021, at 07:47 pm
Mumbai/IBNS: The construction arm of Larsen & Toubro has secured a large order for its Buildings and Factories business from the Government of Odisha to construct clinical blocks and allied infrastructure for a state-of-the-art hospital in Cuttack.
Dec 14, 2021, at 03:14 pm
New Delhi/UNI: The fuel prices continued to be steady as petrol and diesel prices remained unchanged on Tuesday.
Apple hits nearly $3 trillion in market capitalization as world’s most valuable firm
Dec 14, 2021, at 02:58 pm
New York/UNI/Sputnik: Shares of iPhone maker and consumer tech giant Apple hit record highs on Monday, reaching nearly $3 trillion in market capitalization, trading data showed.
Tesla founder Elon Musk named person of the year by Time magazine
Dec 14, 2021, at 03:47 am
Washington/IBNS: Time magazine on Monday named Tesla founder and space entrepreneur Elon Musk as its person of the year.
Reliance consortium bids for bankrupt Indian fabric provider to Zara, Armani
Dec 13, 2021, at 11:20 pm
Mumbai/IBNS: Reliance Industries Ltd (RIL) in partnership with Asset Care & Reconstruction Enterprise Ltd (ACRE) has submitted expressions of interest (EoI) for the bankrupt textile company Sintex Industries Ltd, as it looks to diversify into fashion.
Indian Market: Sensex up over 300 pts
Dec 13, 2021, at 11:02 pm
Mumbai/UNI: The BSE Sensex on Monday advanced 369 pts to 59,156 in opening session as buying was seen across the board.
SpiceJet to introduce drone delivery service for vaccine, essential goods delivery
Dec 13, 2021, at 05:52 pm
Mumbai/IBNS: SpiceJet will introduce drones to send transport vaccines, life-saving medicines and essential goods.
Young Indians are high earners, real estate demand will rise: Ketan Sengupta
Dec 13, 2021, at 02:28 am
IBNS Correspondent Nitin Waghela catches up with the CEO of Bengal Peerless Housing Development Company, Ketan Sengupta, to understand the present real estate market and how it evolved after the pandemic.
Chinese FDIs in India only through govt route: Centre
Dec 13, 2021, at 02:20 am
New Delhi/IBNS: The government has amended the FDI policy according to which an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the government route, Ministry of Commerce & Industry has said.
RBI Guv Shaktikanta Das cautions depositors chasing high returns, interests
Dec 12, 2021, at 08:14 pm
New Delhi/UNI: While terming the higher deposit insurance cover of Rs five lakh as an important milestone, Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday cautioned depositors chasing higher returns.
India's crude palm production rose 13 pc in 2019-20, Andhra remains leading producer
Dec 11, 2021, at 06:14 pm
New Delhi/IBNS: India's production of crude oil palm (CPO) increased 13 percent in the financial year 2020-21 to 2,88,056 metric tons compared to 2,54, 794 metric tons in 2019-20 with Andhra Pradesh being the leading producer, according to government data.
Can CEO who fired 900 employees on Zoom have a second chance? Anand Mahindra asks Twitterati
Dec 11, 2021, at 05:33 am
Mumbai/IBNS: Mahindra Group chairman Anand Mahindra asked his followers on Twitter whether Better.com CEO Vishal Garg, who laid off 900 employees in a Zoom call, will be able to survive his controversial action or bear the consequences of his action.