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.
Maruti Suzuki Q3 PAT moves down by 40.35 pc
Jan 25, 2022, at 09:13 pm
Mumbai/UNI: India's largest carmaker Maruti Suzuki India on Tuesday reported a 40.35 per cent decline in consolidated net profit for the quarter ended December 31, 2021 at Rs 1313.6 crore mainly on the back of lower sales volume and higher commodity prices.
Picsart looks to customize Indian Republic Day ads for small businesses
Jan 25, 2022, at 07:18 pm
Gurugram/IBNS: Coinciding with this year's Republic Day celebrations, Picsart, a photo and video editing app, launched a series of special features to allow users to create Republic Day wishing posts/videos.
Fullerton India partners with Paytm to expand digital lending to MSMEs
Jan 25, 2022, at 07:14 pm
Kolkata/IBNS: Fullerton India and One97 Communications Limited, Paytm's parent company, have announced a partnership to provide lending products to merchant partners and consumers.
Indian Market: Sensex dips by 1545.67 points
Jan 24, 2022, at 10:18 pm
Mumbai/UNI: The BSE Sensex on Monday dropped 1545.67 points to settle at 57,491.51 as selling was seen across the board amid weak global cues.
Food order delivery platform Swiggy raises USD 700 mn funding
Jan 24, 2022, at 09:29 pm
Mumbai/UNI: Food ordering and delivery platform Swiggy on Monday said it has raised USD 700 million in new funding led by Invesco.
Indian Market: Sensex down over 600 points
Jan 24, 2022, at 04:36 pm
Mumbai/UNI: The BSE Sensex crashed 627 points, below 59K at 58,409.67, on Monday in opening session as selling was seen across the board.
Govt launches 'Koyla Darpan' to share key performance indicators of coal sector
Jan 24, 2022, at 02:12 am
New Delhi/IBNS: The government has launched a portal "Koyla Darpan"in order to share Key Performance Indicators (KPIs) related to the Coal Sector.
Food processing & agricultural sector: Budget 2022 expectations
Jan 24, 2022, at 12:31 am
New Delhi/IBNS: Agriculture sector which is expected to contribute one trillion in India's vision of becoming a five trillion economy by 2024-25 has been again put under the spotlight by experts ahead of the Budget 2022.
India emerges as largest exporter of cucumber and gherkins: Govt
Jan 23, 2022, at 10:17 pm
New Delhi/UNI: India has emerged as the largest exporter of cucumber and gherkins in the world, Commerce Ministry said on Sunday.
Future Retail accuses Amazon of blocking its OTR scheme, asks US etailer to pay the lenders
Jan 23, 2022, at 06:55 am
Amazon's January 19 letter opposing the sale of small-format stores by Future Retail Limited (FRL) has elicited a terse response from the latter's independent directors, who asked the e-commerce giant to pay Rs 3,500 crore to FRL so that it can repay its lenders, media reports said.
Govt may raise tax-free PF contribution limit to Rs 5 lakh for all salaried employees: Report
Jan 23, 2022, at 04:16 am
New Delhi/IBNS: In good news for salaried employees, the government may double the limit for tax-free contribution to the provident fund for salaried employees up to Rs 5 lakh per annum in the forthcoming Union budget 2022-23, in order to bring them at par with government employees.
JK: CEGA appeals LG, CS to ensure career progression of engineers
Jan 23, 2022, at 04:10 am
Srinagar: The J&K CEGA Friday appealed Lt Governor Manoj Sinha and Chief Secretary Arun Kumar Mehta to ensure the Assured Career Progression (ACP) of the engineers.
Jan 23, 2022, at 03:24 am
New Delhi/IBNS: Ahead of Union Budget 2022-23, the Confederation of Indian Industry (CII) has urged state governments to lift restrictions on economic activity, given that the occupancy rate of hospital beds due to the Omicron variant of Covid is well within the manageable level.
Piyush Goyal seeks industry inputs on FTAs, market access, reducing compliance burden
Jan 23, 2022, at 01:08 am
New Delhi/UNI: Minister of Commerce & Industry Piyush Goyal on Friday asked the Indian industry to inculcate a greater appetite for risk-taking, leverage the cost advantage as well as the trust advantage that it enjoys and partner with all stakeholders including Central and state governments to attract businesses to India and transform it into a global leader.
India targetting $500 billion export for 2022-23 fiscal
Jan 23, 2022, at 12:47 am
New Delhi/IBNS: India has changed its outlook on world trade owing to the challenges and possibilities presented by the Covid-19 pandemic and amid the changing scenario the country has set up a target of $500 billion exports for 2022-23 fiscal, a top government official has said.
ONGC appoints Anurag Sharma as CFO
Jan 23, 2022, at 12:41 am
Mumbai/UNI: State-run ONGC on Friday said it has appointed Anurag Sharma as its Chief Financial Officer.
Yes Bank net profit up 77 pc in Q3 at Rs 266 crore
Jan 23, 2022, at 12:36 am
New Delhi/UNI: Private lender Yes Bank on Saturday reported a 76.8 percent jump in its net profit at Rs 266.43 crore in the third quarter (Q3) of the current financial year as compared to Rs 150.71 crore in the corresponding period of FY21.
ICICI Bank Q3 net profit up 25 pc on robust interest income
Jan 23, 2022, at 12:34 am
New Delhi/UNI: Private lender ICICI Bank on Saturday reported a 25.38 percent year-on-year rise in its net profit for the quarter ending December 31, 2021, at Rs 6,194 crore.
Air India appoints Vikram Dev Dutt as CMD
Jan 22, 2022, at 07:49 am
Mumbai/IBNS: Air India on Friday appointed Vikram Dev Dutt as its chairman and managing director (CMD).
Vodafone Idea Q3FY22 loss widens to Rs 7,230.9 cr YoY; APU increases 5.2 pc QoQ
Jan 22, 2022, at 07:38 am
New Delhi/IBNS: Vodafone Idea on Friday said its consolidated losses for the Q3FY22 widened to Rs 7,230.9 crore from Rs 4,532.1 crore against the same quarter last year.
IATO seeks special status for tourism industry
Jan 22, 2022, at 06:11 am
New Delhi/UNI: Indian Association of Tour Operators (IATO), the apex inbound tour operators body, on Friday sought special status for the tourism industry.
IDBI Bank's Q3 PAT jumps 53 per cent to Rs 578 cr
Jan 22, 2022, at 04:29 am
Mumbai/UNI: Private sector lender IDBI Bank on Friday reported a 53 percent increase in standalone net profit for the quarter ended December 31, 2021 at Rs 578 crore on the back of higher net interest income.
Niti Aayog led study bats for priority sector lending tag to electric vehicles
Jan 22, 2022, at 04:22 am
New Delhi/UNI: The NITI Aayog along with Rocky Mountain Institute has sought priority sector lending status for electric two-wheelers, three-wheelers and commercial vehicles in the Reserve Bank of India’s (RBI) priority-sector lending guidelines which can help unlock EV financing market of Rs 40,000 crore by 2025 and achieve COP26 targets.
Reliance Q3FY22 Results: Net profit jumps 41 pc to Rs 18,549 cr
Jan 22, 2022, at 03:45 am
New Delhi/UNI: Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Friday reported 41 percent year-on-year jump in its consolidated net profit (attributable to owners of the company) to Rs 18,549 crore for the quarter ending December 31, 2021.
ONGC Videsh enters development stage in Brazil project
Jan 22, 2022, at 03:30 am
New Delhi/UNI: The overseas exploration and production arm of Oil and Natural Gas Corporation, ONGC Videsh (OVL) has entered the development stage in its Brazil offshore project BM-SEAL-4 with the Declaration of Commerciality (DoC), the company said on Friday. The company is a wholly owned subsidiary of ONGC, the national oil company of India.
Laurus Labs signs agreement with MPP for manufacturing Molnupiravir
Jan 22, 2022, at 03:12 am
Mumbai/UNI: Hyderabad-based Laurus Labs Limited on Friday said that it has signed an agreement with MPP (Medicine Patent Pool) for the manufacturing of the oral COVID-19 antiviral medication Molnupiravir.