Business and financial news
Mumbai: The Entrepreneurship Development Institute of India (EDII) has partnered with the State Bank of India Foundation (SBIF) for the skill development and training of 750 persons with disabilities (PwDs) under SBI’s Corporate Social Responsibility (CSR) project – Swavlamban.
ALD Automotive has successfully completed the acquisition of of LeasePlan, one of the world’s leading fleet management and mobility companies, from a consortium led by TDR Capital.
Mumbai: Automobile major Tata Motors on Tuesday announced that it has bagged the order for 50 Magna 13.5-metre buses from Vijayanand Travels.
Navjot Sawhney, a British Sikh entrepreneur and the founder of the Washing Machine Project, has been recognized as one of the winners at the prestigious 21st Century Icon Awards held in London.
Sydney: PM Narendra Modi met the leading Australian industrialist Andrew Forrest, Executive Chairman and Founder of Fortescue Metals Group and Fortescue Future Industries on May 23 in Sydney.
Kolkata: Amazon India on Monday announced the expansion of Amazon Fresh, its full basket grocery service to over 60 cities across India.
Kolkata: In its commitment to providing a seamless customer journey, Bharti AXA Life Insurance is constantly striving to strengthen its digital capabilities.
Shilliong/IBNS: Meghalaya's State Government, in collaboration with the Ministry of Development of North-Eastern Region (DoNER), successfully organized an investors roundtable in Shillong.
New Delhi: The Employees' Provident Fund Organisation (EPFO) added 13.40 lakh net members in the month of March, the Ministry of Labour & Employment said on Saturday.
Mumbai: The State Bank of India has issued a guideline to all its branches, allowing them to exchange or accept deposits in Rs 2000 notes "without obtaining any requisition slip".
Raipur: The government is focussing on expanding the capacity of the Gevra Mega project in Chhattisgarh further to 70 million tonnes (MT) per annum. The expansion would establish the Gevra Mega project as the largest coal-producing mine in Asia.
Guwahati/IBNS: A memorandum of understanding (MoU) has been signed to develop a 'Riverine Based Religious Tourism Circuit' in the city of Guwahati, India.
London: Former Chief Economic Advisor Krishnamurthy Subramanian on Saturday that Saturday said that the withdrawal of the Rs 2,000 note by the Reserve Bank of India (RBI) would not have an impact on the general public.
New Delhi/Tokyo: Union minister Ashwini Vaishnaw on Friday welcomed Japan's interest in joining India’s UPI payment system.
New Delhi: The executives of US-based electric car maker Tesla engaged in discussions with Indian officials regarding potential domestic incentives for car and battery manufacturers, indicating that the company is reconsidering its entry into the Indian market, Reuters reported citing a source familiar with the matter.
New Delhi: In a move towards decarbonisation of the aviation sector, budget carrier Air Asia India operated the first commercial flight in India powered by a blend of ‘indigenous’ sustainable aviation fuel (SAF).
New Delhi: The Centre on Friday announced that individuals who use their international debit or credit cards for payments, up to Rs 7 lakhs per financial year, will be exempted from the limits set under the Liberalized Remittance Scheme (LRS).
New Delhi: The National Company Law Appellate Tribunal (NCLAT) will hear a plea made by Jalan Kalrock Consortium (JKC), the successor to Jet Airways management, on May 22. JKC is seeking directions to prevent the State Bank of India (SBI) from invoking its bank guarantee of Rs 175 crore, media reports said.
Mumbai: JSW Steel announced on Friday reported a consolidated net profit of Rs 3,664 crore for the quarter ending in March 2023, marking a 13.29 percent increase compared to Rs 3,234 crore in the same quarter of the previous year.
Mumbai: Logistics unicorn Delhivery recorded a wider net loss of Rs 159 crore in the fourth quarter ending March 2023.
Mumbai: The central board of directors of the Reserve Bank of India (RBI) has given its approval for the transfer of Rs 87,416 crore as a dividend to the Centre, media reports said.
New Delhi: India’s overall coal production has gone up by 47% to 893.08 million tonnes (MT) in the last nine years and supply has touched 877.74 MT, recording 45.37% growth, the government said on Friday.
Mumbai: India’s foreign currency reserves grew for the fourth consecutive week, reaching $599.53 billion as of May 12, according to the Reserve Bank of India’s statistical supplement released on Friday.
New Delhi/IBNS: The Reserve Bank of India Friday announced that it will withdraw Rs.2,000 notes from circulation and people can exchange or deposit them in their bank accounts by Sept 30.
New Delhi: The Indian government on Friday said India's defence production value in Financial Year 2022-23 has crossed the figure of Rs. 1 lakh crore for the first time ever.
New Delhi: During the last nine years, India’s overall coal production has gone up by 47 percent to 893.08 Million Tonne (MT) and supply has touched 877.74 Million tonne, recording 45.37 percent growth, officials said on Friday.
Kolkata/IBNS: Hotels to FMCG conglomerate ITC Ltd on Thursday reported a growth of 21.4% YoY in its Q4FY23 standalone PAT to Rs 5,086.86 crore compared to Rs 4,190 crore.
Kolkata: PNB Housing Financing on Thursday reported Profit After Tax of Rs 279 crore, a substantial year-on-year increase of 65%, and a modest 4% quarter-on-quarter growth for Q4FY23.
Kolkata/IBNS: India's largest public sector lender State Bank of India on Thursday reported that its FY23 net profit crossed Rs 50,00 crore reaching Rs 50,232 crores, representing a YoY growth of 58.58%. The net profit for the fourth quarter also witnessed impressive growth, surging by 83.18% to Rs 16,695 crores.
New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the signing of the Memorandum of Understanding (MoU) between the Competition Commission of India (CCI) and the Egyptian Competition Authority (ECA).
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