Business and financial news
Maritime services company Lloyd's Register has informed Gatik Ship Management, a major carrier of Russian oil following the Ukraine war, that it will revoke certification for 21 of its vessels by June 3, according to a statement by the company to Reuters.
Despite the global economic slowdown, India is expected to continue its showdown in pursuing a different pathway of zeroing in on drivers of growth, looking for a renewed surge in resilient manufacturing while supporting the services sector to embrace enhanced efficiency, an SBI report said on Friday.
New Delhi/ Guwahati: The National Highways & Infrastructure Development Corporation Ltd (NHIDCL) signed a Memorandum of Understanding (MoU) with IIT Guwahati via a video conferencing session on Thursday.
New Delhi: The Union mine ministry will organise the first Mining Start-up Summit in collaboration with the Indian Institute of Technology, Bombay.
New Delhi: Aviation regulator Directorate General of Civil Aviation (DGCA) has allowed cash-strapped airline Go First a 30-day period to present a detailed plan for reviving its operations, media reports said.
Mumbai: Reliance Consumer Products Limited (RCPL), the fast-moving consumer goods (FMCG) division of Reliance Retail Ventures Limited (RRVL), on Friday introduced Alan's Bugles in India.
New Delhi: UTI Mutual Fund (UTI) launches an open-ended scheme replicating / tracking Nifty50 Equal Weight Total Return Index (TRI) – ‘UTI Nifty50 Equal Weight Index Fund’.
New Delhi: Nissan Motor India on Friday introduced its Big, Bold, Beautiful SUV, the Nissan Magnite GEZA Special Edition at a starting price of INR 7,39,000 (ex-showroom, Delhi).
New Delhi/IBNS: The government has increased the tax exemption limit on leave encashment of non-government salaried employees from Rs 3 lakh to Rs 25 lakh.
The euro experienced a decline on Thursday as Germany, the largest economy in Europe, slipped into recession, Reuters reported.
New Delhi: The Asian Development Bank (ADB) and the Centre have signed a $141.12 million loan to support the development of high-quality internal infrastructure such as roads, water supply systems, and electricity distribution networks in three industrial clusters in Andhra Pradesh.
Mumbai: Wipro’s Executive Chairman Rishad Premji has taken a voluntary reduction in his salary for the fiscal year 2023, according to a recent filing made to the Securities and Exchange Commission in the US.
Mumbai: Hindalco Industries, on Wednesday, announced a decline of 48% in its standalone net profit for the quarter ended in March.
Mumbai: FSN E-Commerce Ventures, the company that operates beauty and personal care startup Nykaa, reported a decline in profits of more than 70 percent year-on-year in the fourth quarter of the financial year 2022-23, according to regulatory filings on Wednesday.
Mumbai: Life Insurance Corporation of India (LIC) Wednesday reported a Q4FY23 standalone net profit of Rs 13,427.8 crore, marking a growth of 466 percent compared to the same period in the previous fiscal year.
New Delhi: The Ministry of Coal has extended the last date for submission of bids till June 27 for the ongoing 7th round of Commercial Coal Mine auctions.
New Delhi/IBNS: Access to high-quality goods and services is the top concern of the consumers and consumer satisfaction can only be obtained when this intrinsic need is met, Union Minister Piyush Goyal said on Wednesday.
New Delhi: Open Network for Digital Commerce (ONDC) is targeting a daily order volume of 100,000 in the retail segment in the coming months, Moneycontrol reported.
A social media post recently took entire Punjab region by storm, spreading like wildfire and prompting a cascade of reactions that ranged from curiosity and concern to deep contemplation.
Punjab, known for its strategic location, skilled workforce, and investor-friendly policies, has rapidly gained prominence as a favored destination for both domestic and international investors seeking to tap into the state’s vast manufacturing potential.
Tel Aviv/ Mumbai: Tata Consultancy Services (TCS) and Jaguar Land Rover (JLR) announced the launch of the latter’s Open Innovation programme in Tel Aviv.
New Delhi: India's GDP has surpassed USD 3.5 trillion in 2022 and the country will be the fastest-growing economy within the G-20 grouping in the coming years, US-based rating agency Moody's stated on Tuesday.
New Delhi: The number of passengers taking domestic flights reached a record-breaking 503.92 lakh in the last one year, marking a substantial annual growth of 42.85% compared to 352.75 lakh passengers same period the previous year, data from domestic carriers revealed.
Mumbai: Coal India Ltd (CIL) has revealed that it has successfully concluded discussions with its extensive workforce of 2.38 lakh non-executive employees over the revision of wages, media reports said.
Mumbai: ICICI Securities (I-Sec), which operates ICICI Direct, a digital wealth-tech platform offering various financial services, today announced the introduction of its new trading eco-system that features a state-of-the-art Scalping Algo for automated trading.
Kolkata: Magadh Sugar & Energy Limited (MSEL) said its Profit After Tax (PAT) for FY 23 amounted to Rs 50.26 crores, showing a 9% increase compared to Rs. 46.02 crores in FY 22.
Kolkata: Avadh Sugar & Energy Ltd (ASEL) has reported Rs 100 crore Profit After Tax (PAT) for FY 23, marking a decline of 19% compared to Rs 124 crore in FY 22.
Mumbai: Fintech company PayNearby Tuesday announced the addition of Saif Khan to the executive team as Chief Growth Officer (CGO).
Mumbai: The withdrawal of 2000 rupee note is likely to be a non-event as digital payment in India has been witnessing new milestones, in both value and volume terms, indicating the robustness of our payment ecosystem and acceptance by a wide stratum of consumers, according to an SBI report.
New Delhi: The Startup Incubation and Innovation Centre (SIIC) of the Indian Institute of Technology Kanpur (IITK) and the State Bank of India signed a Memorandum of Understanding (MoU).
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