Africa Free Trade Area, likely spur for growth and development
Dec 10, 2021, at 10:10 pm
New York: With productivity-boosting measures, the African Continental Free Trade Area (AfCFTA) agreement could reduce poverty and inequality while spurring sustainable and inclusive growth, according to a report launched on Wednesday by the UN trade and development body, UNCTAD.
Indian Market: Sensex down over 100 points
Dec 10, 2021, at 04:55 pm
Mumbai/UNI: After three days of rally, the BSE Sensex on Friday slipped 111 points to 58,696.71 to open at 58,696.71 on profit booking by local operators.
Bank of Baroda signs MoU with housing finance company CHFL
Dec 10, 2021, at 12:06 am
Kolkata/IBNS: Bank of Baroda has signed a MoU with CHFL for sourcing and financing the Housing loan borrowers under Co-lending Model (CLM) mechanism.
CIL's coal supply grew 18 pc in Apr-Sept 2021 against last fiscal
Dec 09, 2021, at 08:42 pm
New Delhi/IBNS: Coal India Limited (CIL) has supplied more coal during the current fiscal (up to Nov 2021) in comparison to last year same period, Union coal minister Pralhad Joshi said.
Ministry of Power approves new ISTS projects of Rs 15893 crore
Dec 09, 2021, at 06:30 pm
New Delhi/IBNS: Union Minister of Power and Ministry of New and Renewable Energy (MNRE) have approved 23 new Inter State Transmission System Projects (ISTS) with an estimated cost of Rs 15893 crore.
Govt focuses on rural India to meet 2030 steel consumption target among other measures
Dec 09, 2021, at 06:50 am
New Delhi/IBNS: The Union Steel Ministry has formed a Joint Working Group (JWG) to step up the use and consumption of steel in the country, especially in rural areas.
Dec 09, 2021, at 04:30 am
Mumbai/IBNS: The Reserve Bank of India (RBI) announced three key measures on Wednesday to make the Unified Payments Interface (UPI) transactions more efficient.
Axis Bank offers ‘Power Salute’ to Kolkata Police
Dec 09, 2021, at 02:58 am
Kolkata: Private sector bank Axis Bank reinforced its commitement to the Police Forces by signing an MOU with the Kolkata Police, offering a salary package with best-in-class benefits and features under its ‘’Power Salute’’ initiative.
Swiggy to expand grocery delivery business with $700 million investment
Dec 09, 2021, at 01:31 am
Mumbai/IBNS: Swiggy will invest $700 million in its express grocery delivery business Instamart with the aim to strengthen its presence in a category that has shown immense growth since it was launched in the middle of the pandemic last year.
UAE to have four and half-day working week from Jan 2022
Dec 09, 2021, at 01:22 am
Dubai/IBNS: The United Arab Emirates (UAE) will have a four and half-day working week with a Saturday-Sunday weekend, starting 2022 to better align its economy with global markets.
Indian Market: Sensex zooms 1016.03 points
Dec 08, 2021, at 09:55 pm
Mumbai/UNI: The BSE Sensex on Wednesday spurted 1016.03 points at close at 58,649.68 following gains in Auto, Technology, IT and Metal stocks amid positive Asian cues.
Fareportal India banks on tech innovation, human capital to accelerate growth in online travel space
Dec 08, 2021, at 05:56 pm
Gurgaon/IBNS: Fareportal India, an online travel company, looks to distinguish itself with a single codebase to accelerate launch of new features on a weekly basis to give it an edge over other major travel enterprises.
Dec 08, 2021, at 04:42 pm
New Delhi/Mumbai/UNI: Amid the global scare of new variant of Coronavirus, 'Omicron', posing downside risks to the economy, the Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 4% providing cushion to the economy which has been on the recovery path clocking 8.4% growth in July-September quarter (Q2) of the current fiscal.
Indian Market: Sensex up over 500 pts
Dec 08, 2021, at 03:50 pm
Mumbai/UNI: The BSE Sensex remained strong for another session on Wednesday, as it rallied 525 pts to open at 58,158.56 ahead of RBI Monetary policy today.
UAE's TA’ZIZ and Reliance ink JV for $2 billion chemicals projects in Ruwais
Dec 08, 2021, at 07:51 am
Mumbai/IBNS: Reliance Industries Limited (RIL) has inked an agreement with Abu Dhabi Chemicals Derivatives Company RSC Ltd (“TA’ZIZ”) to launch ‘TA’ZIZ EDC & PVC’, a world-scale chemical production partnership at the TA’ZIZ Industrial Chemicals Zone in Ruwais.
Deposit $ 5 million in 2 weeks or face liquidations: Court tells SpiceJet
Dec 08, 2021, at 01:54 am
Chennai/IBNS: SpiceJet Ltd must deposit an amount equivalent to $5 million within a period of two weeks or face the liquidation of its assets, the Madras High Court has ruled responding to a plea by a Swiss company over unpaid dues.
Jana Small Finance Bank appoints Buvanesh Tharashankar as Chief Financial Officer
Dec 07, 2021, at 11:44 pm
Kolkata: To strengthen the top management team, Jana Small Finance Bank on Tuesday announced the appointment of Buvanesh Tharashankar as its President and Chief Financial Officer under the category of Key Managerial Personnel.
Bank of India to join social media platforms as part of outreach initiative
Dec 07, 2021, at 11:41 pm
New Delhi: Bank of India has announced plans to join popular social media platforms – Instagram, YouTube and LinkedIn – to connect with existing and new customers as well as increase outreach.
Indian Market: Sensex jumps 886.51 pts
Dec 07, 2021, at 10:53 pm
Mumbai/UNI: The BSE Sensex on Tuesday bounced back 886.51 pts at 57,633.65 following gains in Metal, Bankex, Realty and Finance stocks amid positive Asian Market.
Sensex jumps over 600 pts, Nifty reaches 17,000 mark; Kotak Bank gains by 3.35%
Dec 07, 2021, at 06:23 pm
Mumbai/UNI: The BSE Sensex on Tuesday rallied 621 pts at 57,368.33 in the opening session, as buying was seen across the board.
Rupee recovers 12 paise against USD
Dec 07, 2021, at 06:20 pm
Mumbai/UNI: The Rupee on Tuesday recovered by 12 paise at 75.30 in opening trade due to selling of US Dollars by bankers and exporters, dealers at the Forex Market said.
Legal Salah envisions expansion in rural India, appoints Ranjan Mistry as Strategic Advisor
Dec 07, 2021, at 01:43 am
Kolkata/IBNS: Legal Salah, a legal-tech startup, announced the onboarding of Ranjan Mistry, a famous Indian serial social entrepreneur, as it's Strategic Advisor and board member to further the company's expansion plans in tier-2 and tier-3 cities.
Indian Market: Sensex slumps 949.32 pts; Nifty closes at 16,912.25
Dec 07, 2021, at 01:08 am
Mumbai/UNI: The BSE Sensex on Monday plunged by 949.32 points to settle below 57K at 56,747.14 as investors showing caution following uncertainty due to the Omicron variant and the RBI monetary policy committee meeting to be held on December 8.
YES BANK launches credit cards on RuPay Platform
Dec 06, 2021, at 11:26 pm
New Delhi: YES BANK has partnered National Payments Corporation of India (NPCI) to offer Rupay branded credit cards to its customers on the indigenously developed payment platform, offering another convenient avenue to extend the purchasing capacity of its customers.
Tata Motors to increase prices of its commercial vehicles from Jan 1
Dec 06, 2021, at 11:12 pm
Mumbai: Automobile giant Tata Motors has announced an impending price hike of its commercial vehicle range. An increase in price in the range of 2.5%, will be implemented from Jan 1 and will be put into effect across segments – M&HCV, I&LCV, SCV and Bus, basis individual model and variant of the vehicle.
Govt deeply regrets Nagaland incident: Home Minister Amit Shah
Dec 06, 2021, at 10:33 pm
New Delhi/UNI:Union Home Minister Amit Shah on Monday said the government of India deeply regretted the incident of 14 civilians being killed by security forces in Nagaland's Mon, and said the situation is tense but in control now.
Ashok Leyland partners with Bank of Baroda for financing customers
Dec 06, 2021, at 10:30 pm
New Delhi: Ashok Leyland, flagship of the Hinduja Group, signed a Memorandum of Understanding (MoU), with Bank of Baroda, India’s premium public sector bank, to enter into a strategic financing partnership for 3 years. This MoU will enable both Ashok Leyland and Bank of Baroda to offer customised financial solution to customers.
Tata Steel deploys its first bio-fuel powered ship for imported raw material transportation
Dec 06, 2021, at 10:25 pm
Kolkata: In line with its sustainability objectives and initiatives on reduction of scope 3 Greenhouse Gas (GHG) emission in ocean trade, Tata Steel has deployed a ship powered by biofuel.
Dec 06, 2021, at 07:10 pm
New Delhi/UNI: With only 10 percent of export cargo moving through Indian flagged shipping vessels, a parliamentary panel has strongly suggested to have an Indian shipping line of global repute.
Dec 06, 2021, at 06:22 pm
Bangalore: In pursuance of its customer-first approach, Toyota Kirloskar Motor (TKM) on Monday announced the signing of Memorandum of Understanding with Karnataka Bank to enable easy finance options for customers across a vast number of cities and towns in India.