Anil Ambani questioned by ED in FEMA violation case
Mumbai: Reliance ADA Group Chairman Anil Ambani appeared before the Enforcement Directorate (ED) in Mumbai on Monday, media reports said.
Finance
Volkswagen India expands its performance line with the introduction of Virtus GT DSG at INR 16.19 lakh
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.
Tata Motors to take a marginal price hike on its passenger vehicles from July 17
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.
Ducati Memorabilia project updated with GP16 componentry
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.
IndusInd Bank's promoter IIHL approves capital raising of USD 1.5Bn
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.
SBICAPS opens branch office in Abu Dhabi Global Market
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.
Suzuki Motorcycle India registers 80,737 unit sales in June 2023
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.
Indian Market: Sensex touches new peak at 65,205.05 pts
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.
India's manufacturing PMI eases to 57.8 in June
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.
Assam launches Rs 250 crore fund in collaboration with World Bank to boost agriculture sector
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.
Sensex hits fresh record at 65,157.73 points
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.
Rupee at 81.84 against USD
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.
Indian green chillies will be available in Bangladesh market from tomorrow
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.
NTPC records remarkable growth in coal production and despatch
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.
Hyundai registers cumulative sales of 65,601 units in June' 23
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.
Toyota Kirloskar Motor continues to post strong sales growth, records sales of 19,608 Units in June
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.
Nissan registers wholesales of 5832 units in June
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.
SBI launches 34 Transaction Banking hubs nationwide
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.
From Trash to Cheers: Punjab agro industries transforms undersized Kinnows into Premium Gin
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.
Reliance and bp commence production from third deepwater field in India’s KG D6 block
Mumbai/IBNS: Reliance Industries Limited (RIL) and bp p.l.c. has confirmed the commencement of production from the MJ field, following testing and commissioning activities.
Cube Highways trust secures ₹1,030 cr. funding from IFC to drive road infrastructure development
New Delhi/IBNS: Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt. Ltd., has successfully secured ₹1,030 crore funding through long-term listed non-convertible debentures (NCDs) from the International Finance Corporation (IFC). The transaction was finalized on June 28, 2023.
Apple sets new milestone as it is now worth USD 3 trillion
Tech giant Apple's stock ended up trading at USD 3 trillion on Friday, marking itself as the only company to touch the milestone.
Cube Highways trust secures ₹1,030 cr. funding from IFC to drive road infrastructure development
New Delhi/IBNS: Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt. Ltd., has successfully secured ₹1,030 crore funding through long-term listed non-convertible debentures (NCDs) from the International Finance Corporation (IFC). The transaction was finalized on June 28, 2023.
HDFC Ltd. to merge into HDFC Bank, effective from July 1
HDFC Bank, a private sector bank, on Friday announced the successful completion of the merger with housing finance company HDFC Ltd.
Cube Highways trust secures ₹1,030 cr. funding from IFC to drive road infrastructure development
New Delhi/IBNS: Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt. Ltd., has successfully secured ₹1,030 crore funding through long-term listed non-convertible debentures (NCDs) from the International Finance Corporation (IFC). The transaction was finalized on June 28, 2023.
Cube Highways trust secures ₹1,030 cr. funding from IFC to drive road infrastructure development
New Delhi/IBNS: Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt. Ltd., has successfully secured ₹1,030 crore funding through long-term listed non-convertible debentures (NCDs) from the International Finance Corporation (IFC). The transaction was finalized on June 28, 2023.
The Role of Home Loan Tax Benefits in Affordable Housing Initiatives
Homeownership is a dream for many individuals and families, and governments around the world have recognized the importance of making housing more affordable. In an effort to support affordable housing initiatives, governments often provide tax benefits specifically targeted towards home loans. These home loan tax benefits play a significant role in making homeownership more accessible and financially viable for individuals. In this blog post, we will explore the crucial role of home loan tax benefits in affordable housing initiatives, shedding light on how they can positively impact aspiring homeowners.
Nagaland hosts two-day young leaders training programme on Sustainable Development Goals
Kohima City recently hosted the two-day Young Leaders Training on Sustainable Development Goals (SDGs) on the theme ‘Role of Young Leaders in Localising Sustainable Development Goals in Nagaland’.
Senco Gold Limited: Initial Public Offering to open on July 4
Kolkata: Senco Gold Limited on Friday 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 ₹ 4,050 million (“Offer”) on Tuesday, July 4.
A.P. Hota appointed as the new Chairman of Federal Bank
Mumbai: Reserve Bank of India accorded approval for the appointment of A.P. Hota as the part-time Chairman of the Bank with effect from June 29, 2023 till January 14, 2026.