Business and financial news
Noida (UP): Air India SATS Airport Services and Yamuna International Airport Private Limited (YIAPL) signed a concession agreement on Tuesday to build a multi-modal cargo hub (MMCH) at the upcoming Noida International Airport.
New Delhi: Power minister R. K. Singh on Wednesday discussed the status of the Subansiri Lower Hydroelectric Project, a 2000 Mega Watts undertaking to span across Arunachal Pradesh and Assam, being managed by NHPC Ltd.
The Centre appointed Ajay Yadav, a 2005 batch IAS officer of the Bihar cadre, as the Managing Director of the Solar Energy Corporation of India Ltd (SECI).
New Delhi: The government on Wednesday launched the Electronics Repair Services Outsourcing (ERSO) Pilot initiative on Wednesday with the objective to make India the most attractive repair destination for ICT products globally.
Mumbai: The Centre has decided to offload a 3 percent stake in state-owned miner Coal India Ltd (CIL) through an offer for sale, starting June 1, media reports said.
Mumbai: The Securities and Exchange Board of India (SEBI) on Wednesday said it has cancelled the registration of brokerage firm Karvy Stock Broking Ltd (KSBL) due to its improper use of clients' funds and securities, media reports said.
New Delhi: The Union government on Wednesday declared its plan to invite applications for the implementation of semiconductor and display fabrication units in India starting tomorrow.
Kolkata: Kotak Mahindra Asset Management Company Ltd (Kotak Mahindra Mutual Fund) has launched Kotak Nifty 200 Momentum 30 Index Fund, an open-ended scheme replicating/tracking the Nifty 200 Momentum 30 Index.
A report published by Morgan Stanley Research said India has gained positions in the world order with significant positive consequences for the macro and market outlook.
Kolkata: Annapurna Swadisht, a Kolkata-based FMCG company, Saturday reported a whopping 163% jump in its revenue at Rs 160.64 crore for the financial year ending March 2022-23 (FY23) compared with Rs 61.05 crore registered in the year-ago period.
Kolkata: Senco Gold & Diamonds has announced that it became the first Qualified Jeweller from East India to import gold on India International Bullion Exchange (IIBX) post ICEGATE integration.
New Delhi: India's gross domestic product (GDP) grew 6.1% year-on-year in January-March quarter (Q4) of financial year 2022-23, as per data released by Ministry of Statistics & Programme Implementation (MoSPI) on Wednesday.
New Delhi: The output of eight core infrastructure sectors slowed down to 3.5% in April 2023 as against 9.5% in April, 2022, revealed data released by the Ministry of Commerce & Industry on Wednesday.
Mumbai: The Rupee on Wednesday slipped eight paise to close at 82.74 on rising demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said.
Mumbai: Snapping a winning streak of the last four sessions, the BSE Sensex on Wednesday dropped 346 pts to close at 62,622.24 ahead of the U.S. Congress's approval of the debt deal.
New Delhi: Registering annual growth rate of 7.5%, India’s exports of goods could reach US$ 773 billion by 2030 with exports to Turkiye, Vietnam and Indonesia to be among the highest-growing export destinations, said a Standard Chartered Bank report on Wednesday.
Mumbai: Strides Pharma’s quarterly sales stood at Rs 9,904 million, growing 14% increase both sequentially and year-on-year.
Mumbai: Around 80% of the total Rs 2000 notes received are deposited and the rest 20% are exchanged for smaller denominations as per market trends. Even if a fraction of these trends is extrapolated at the banking level, the liquidity in the banking system will shoot much higher compared to previous estimates of around Rs 1 trillion bulge in deposits even if a fraction, said SBI Ecowrap report on Tuesday.
New Delhi: S Chand Publishing reported a net profit of Rs 576 million in FY23 while the company achieved a significant milestone by becoming net debt-free in April 2023, with a net debt of Rs 60 million and a gross debt of Rs1,268 million.
Mumbai: Adani Ports and Special Economic Zone (ASPEZ) reported a consolidated net profit of Rs 1,158.88 crore in the fourth quarter of FY23, marking a growth of 5.1% compared to Rs 1,102.61 crore in the same quarter of the previous year.
Mumbai: A total of 132.19 crore pieces of soiled Rs 2,000 banknotes were disposed of in the last three financial years, according to the annual report of the Reserve Bank of India (RBI).
Kolkata: Coal India Ltd (CIL) has raised the prices of non-coking coal by 8 percent, the state-run miner said in a regulatory filing.
New Delhi: The Production-Linked Incentive (PLI) Scheme 2.0 for IT Hardware has been approved by the Union Cabinet with a budgetary outlay of Rs 17,000 crore.
As the world continues to evolve, so do the factors that drive entrepreneurship and business success. For many Sikh entrepreneurs, faith and culture have become essential guiding lights on their journey through the business world.
Loans are a popular way of getting through a financial crunch or meeting emergency requirements. Among the numerous options available in the secured and unsecured categories, gold loans are a popular form of availing secured credit.
A meeting of the Investment Board Nepal (IBN) has approved the final Project Development Agreement (PDA) draft which will be signed with India’s state-owned SJVN to develop 669 MW Lower Arun Hydropower project, media reports said.
Mumbai: ONGC's consolidated turnover stood at Rs 6,84,829 crore in FY23, compared to Rs 5,31,793 crore in FY22.
Kolkata: Reliance Jio has consolidated its leadership in Kolkata with strong customer additions in March 2023.
Kolkata: Vinsys, a IT and software services and software company headquartered in Pune, successfully closed its pre-IPO round.
Washington: As the US faces a potential debt default, President Joe Biden and his Republican opponents have reached an in-principle agreement to raise the US debt ceiling to avert a default, media reports said.
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