Business and financial news
Beijing: European aircraft manufacturer Airbus has announced plans to set up a second assembly line in China, with the aim of doubling its capacity in the country and enhancing its presence in the world's second-largest aviation market, Reuters reported.
Russia supplied 1.64 million barrel per day (bpd) of crude oil to India, surpassing traditional suppliers such as Saudi Arabia and Iraq, Moneycontrol reported.
New Delhi: Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation on Friday launched a new series of vibrant colours for the third generation Hayabusa model which has now become OBD2-A compliant.
Kolkata: Late Areez Pirojshaw Khambatta, Founder and Chairman of Rasna Group, has been awarded the Padma Shri (Posthumous), 2023, for his work in Trade and Industry in the state of Gujarat.
Kolkata: Double up your excitement and celebration this festive season as Amazon.in brings to you it's specially curated ‘Pohela Boishakh shopping store’ that offers a wide selection of products to address the varied shopping needs of customers celebrating Bengali new year.
New Delhi/IBNS: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has approved the revised domestic natural gas pricing guidelines for gas produced from nomination fields of ONGC and other legacy old fields.
Mumbai: ICICI Securities Thursday said it has appointed Pratik Loonker as the Head of Institutional syndication of the organisation.
Kolkata: UPI emerged as the second most preferred repayment method after e-NACH for borrowers on CASHe, a credit-led, AI-driven financial wellness platform.
Mumbai/IBNS: YES BankThursday appointed Archana Shiroor as its designate Chief Human Resources Officer (CHRO).
Chennai: TVS Supply Chain Solutions today said that it has won a contract for the supply of spares, consumables and accessories for the Land Rover Wolf Platform from the UK Ministry of Defence (MOD), acting through its Agent, Babcock Land Defence Ltd.
Mumbai/UNI: In a respite for borrowers, the Reserve Bank of India's (RBI) monetary policy committee (MPC) on Thursday decided to keep the policy repo rate unchanged at 6.5 per cent.
Brussels: Bridgestone has been chosen by Lamborghini as its exclusive tyre partner for the new Revuelto, Lamborghini’s first-ever super sports V12 HPEV (High Performance Electrified Vehicle).
New Delhi/UNI: President of the Russian Chamber of Commerce and Industry Sergey Katyrin said today that trade between the two nations is "breaking records". At the end of 2022, bilateral trade reached a record high of $35.3 billion, which is 2.5 times more than in 2021, he noted.
Mumbai: The Reserve Bank of India is expected to declare another increase in interest rates on Thursday, as part of its bi-monthly review of monetary policy, said reports.
New Delhi: Financial services company Religare Enterprises Ltd (REL) has signed a Share Purchase Agreement for the proposed acquisition of insurance web aggregator MyInsuranceClub (MIC) from iGear Holdings Private Limited, a part of The Indian Express Group, according to a company statement.
The global uncertainties are likely to impact economic activities significantly, World Trade Organization (WTO) said on Wednesday and predicted the growth in world trade to increase by merely 1.7 percent in 2023.
Ahmedabad/IBNS: Adani Ports and Special Economic Zone Ltd (APSEZ) has reported a 9 percent growth in cargo handling in the seaports it runs for FY23 ended March 31.
Mumbai: Reliance Retail Limited on Wednesday said it has launched Tira, an omni-channel beauty retail platform that offers a seamless and personalized shopping experience to beauty enthusiasts across India.
Mumbai/IBNS: Honda Motor Company Ltd announced on Wednesday that Tsutsumu Otani will be taking on new responsibility as the president, chief executive officer and managing director of Honda Motorcycle & Scooter India.
New Delhi/IBNS: The government has sanctioned over Rs 40,600 cr in the last seven years under Stand-Up India (SUPI) Scheme aimed at promoting entrepreneurship at the grassroots level focusing on economic empowerment and job creation.
Kolkata: Kotak Mahindra General Insurance Co. Ltd (Kotak General Insurance) on Wednesday announced that it has partnered with actyv.ai to offer bite-sized insurance products to new-age Micro, Small and Medium Enterprises (MSME) companies.
New Delhi: India’s growth continues to be resilient despite some signs of moderation in growth, says the World Bank in its latest India Development Update, the World Bank India’s biannual flagship publication.
Hyderabad: National Geophysical Research Institute has discovered significant deposits of 15 rare earth elements (REE) in Andhra Pradesh's Anantapur district, TOI reported on Tuesday.
Mumbai: The Reserve Bank of India (RBI) should stop hiking the key lending rate in view of the current uncertainties in the global business environment, Assocham President and SpiceJet CEO Ajay Singh said on Tuesday.
Mumbai: Adani Group is in talks with at least half a dozen banks for a loan of about $220 million, its first since the negative by US-based short-seller Hindenburg Research last January, Bloomberg reported.
Kolkata/IBNS: According to the report, the demand for finance professionals is driven by the resumption of economic activities post-COVID, and the critical time for tax returns is from January to June.
New Delhi/IBNS: The Ministry of civil aviation has disbursed nearly Rs 30 crores to the beneficiaries during FY 2022-23 under the PLI Scheme for drones and drone components, an official statement said on Tuesday.
Kolkata: Syama Prasad Mookerjee Port (SMP), Kolkata achieved an all-time high cargo handling with 65.66 million tonnes (MT) of shipments in 2022-23, recording a 12.87 percent high from the previous mark of 58.175 million tones in 2021-22, company chairman PL Haranath said on Tuesday.
Mumbai/IBNS: Tata-owned hospitality company Indian Hotels Company (IHCL) bagged top honours for training at the Golden Peacock Awards, 2023.
New Delhi/IBNS: India’s largest iron ore producer, NMDC crosses 41 Million Tonne (MT) production of iron ore for the second fiscal in a row, the Ministry of Steel said on Tuesday.
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