Business and financial news
Mumbai: Bandhan Mutual Fund has announced the launch of the Bandhan Financial Services Fund, an open-ended equity scheme, offering investors the opportunity to benefit from the multi-year growth opportunities in the financial services sector.
Mumbai: Maintaining a winning streak for the fifth straight session on Tuesday, the BSE Sensex ended record high at 65,479.05, up 274 pts on the strength of IT, Consumer Durable and Technology stocks.
New Delhi: Hero Vired, India's leading LearnTech Company catering to professionals and higher education aspirants, announces the appointment of Prarthana Agarwal as its new Head of Finance.
Mumbai: The BSE Sensex remained on top for the fifth consecutive session on Tuesday, as it zoomed up 298 pts to open at 65,503.85 on the strength of Consumer Durable, Health Care and IT stocks.
Mumbai: India's services exports in May increased by 7.7% year-on-year to $27.06 billion, while imports rose by 2% to $15.5 billion, according to provisional data released by the Reserve Bank of India (RBI) on Monday.
Mumbai: The board of IDFC First Bank has given its approval for the merger of IDFC Ltd and IDFC Financial Holding Company with the bank through a scheme of amalgamation.
Kolkata: Jewellery retail major Senco Gold Limited on Monday said it proposes to open for subscription an initial public offering of equity shares of face value of Rs. 10 each ('Equity Shares')aggregating up to Rs. 4,050 million (Offer) on Tuesday.
Nagpur: ESAF Small Finance Bank Limited, a small finance bank with a focus on unbanked and under-banked customer segments, expanded its operations in Nagpur by opening its new regional office.
New Delhi: MOIL has achieved its best ever quarterly manganese ore production of 4.36 lakh MT in the first quarter of FY24, registering a substantial growth of 35% over the corresponding period last year (CPLY).
New Delhi: SpiceJet on Monday announced the successful settlement of a loan payment amounting to Rs 100 crore to City Union Bank, news agency ANI reported.
New Delhi: India’s overall coal production surged substantially with a growth of 8.40% in Q1 of FY 2023-24, the Coal Ministry said on Monday.
Mumbai: Reliance ADA Group Chairman Anil Ambani appeared before the Enforcement Directorate (ED) in Mumbai on Monday, media reports said.
Mumbai: Volkswagen Passenger Cars India announces the expansion of its coveted Performance Line on the Virtus with a new variant introduction – Virtus GT DSG. Priced at INR 16,19,900 (ex-showroom), the Virtus GT DSG variant makes the sought-after GT badge further accessible for prospective customers.
Mumbai: Auto mobile major Tata Motors on Monday announced that it will increase prices of its passenger vehicles (ICE and EVs), effective July 17, 2023, on an average of 0.6% across models and variants.
New Delhi: Ducati Memorabilia is the exclusive project launched in December 2019 by Ducati and Ducati Corse, that offers to the most passionate Ducatisti the chance to become owners of authentic and certified parts of the bikes used in recent years by factory riders in the MotoGP and World Superbike championships.
Port Louis, Mauritius: IndusInd International Holdings Limited (IIHL), the promoter of IndusInd Bank, in its Board Meeting took the strategic decision to expand its business horizon in India and other global geographies, in the BFSI sector.
Abu Dhabi/Mumbai: SBI Capital Markets Limited (SBICAPS), a wholly owned subsidiary and investment banking arm of State Bank of India (SBI)on Monday announced the opening of its first overseas branch office in Abu Dhabi Global Market (ADGM), an international financial centre and free zone located on Al Maryah Island in UAE’s capital, Abu Dhabi.
New Delhi: Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, on Monday said it registered an overall sale of 80,737 units in June 2023.
Mumbai: The BSE Sensex remained on top for the fourth straight session on Monday, breaching 65K level at 65,205.05, surging 486.49 pts on strong global peer.
New Delhi/UNI: India's factory activities continued to be strong but expanded at a slower pace in June 2023, with manufacturing PMI (Purchasing Managers’ Index) easing to 57.8 during the month from 58.7 in May, according to S&P Global survey findings released on Monday.
The World Bank and other multiple stakeholders have joined forces to establish a Rs 250 crore fund in Assam promote small and medium units in the agriculture sector.
Mumbai/UNI: The BSE Sensex on Monday touched the 65K level for the first time at 65,157.73, surging 439.17 pts in the opening session as buying was seen across the board amid strong global cues.
Mumbai/UNI: The Rupee on Monday rallied 25 paise at 81.84, against the US Dollar in the opening session on selling of US Dollar by bankers and exporters, dealers at Foreign Exchange said.
Dhaka: Consignments of green chillies have started arriving from India through Bhomra land port in Satkhira. Indian green chillies will be available in the Bangladesh market from July 3, sources said on Sunday.
Mumbai/IBNS: NTPC Ltd., India's leading integrated power producer, has reported a substantial growth of 99% in coal production from its captive mines during the first quarter of the fiscal year 2024, as compared to the corresponding period in the previous year.
Chennai: Passenger car maker Hyundai Motor India Limited (HMIL) on Saturday announced that it has registered a total sales of 65,601 units in June 2023.
Bangalore: Toyota Kirloskar Motor (TKM) on Saturday reported an impressive performance with the sales of 19,608 units in the month of June 2023, an increase of 19 percent over the same period last year, where the company sold 16,512 units.
New Delhi: Automobile major Nissan Motor India Pvt. Ltd. (NMIPL) has announced wholesales of 5832 units for the month of June 2023. Domestic wholesales stood at 2552 units, while export wholesales stood at 3280 units.
New Delhi: State-run State Bank of India (SBI) has launched 34 Transaction Banking Hubs at Top 21 district centres across the country with an aim to provide quick and efficient Transaction Banking solutions to the customers.
In a remarkable turn of events, kinnow growers in Punjab now have a reason to celebrate. The fruit they once considered waste is now being eagerly purchased by the Punjab Agro Industries Corporation (PAIC) to be transformed into a delightful citrus gin.
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