Business and financial news
Mumbai: The merger of ZEEL and Sony has moved a step forward as Zee Entertainment has settled the dispute over the dues with private sector lender IndusInd Bank, media reports said.
New Delhi: Public sector banks could get back only 14 percent of the written-off loans in the last five years ending March 2022, Parliament was informed on Tuesday.
Mumbai: Jindal Stainless Ltd (JSL) has entered into a collaboration agreement (Collaboration Agreement) with New Yaking Pte. Ltd. in Indonesia to ensure the long-term availability of nickel.
Kolkata: Ajay Singh, Chairman & Managing Director of SpiceJet, India’s leading airline, has taken over as President of the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Bengaluru: Bengaluru and New York co-headquartered IT services firm Vee Technologies has appointed Bhupendra Joshi as its new Chief Human Resources Officer (CHRO).
Los Angeles: Microsoft-owned GitHub is the latest tech company that has fired more than 140-member strong entire engineering team in India.
Mumbai/UNI: The BSE Sensex on Wednesday rallied 221.22 points at 57,834.94 in opening trade as buying was seen in Commodities, FMCG, IT and Consumer Discretionary Good and Services stocks.
New York: Iconic global brand Pepsi has unveiled a new logo and visual identity system, the first update of the iconic Pepsi globe logo in 14 years.
Mumbai: NTPC Renewable Energy Ltd, a wholly owned subsidiary of NTPC Green Energy Limited, has signed Term Sheet with Greenko ZeroC Pvt Ltd (A Greenko Group Company) on Tuesday to Supply 1300 MW Round the Clock RE Power for powering Greenko’s upcoming Green Ammonia Plant at Kakinada, India.
Mumbai: The State Bank of India (SBI) has announced the launch of its coffee table book ' The Banker to Every Indian' which celebrates 75 years of Indian independence and SBI's glorious 200-year history.
Mumbai: Hitachi Payment Services has announced the appointment of Sumil Vikamsey as its new Managing Director, in addition to his responsibilities as the Chief Executive Officer - Cash Business.
Mumbai: Snapping a negative trend of last two sessions, the BSE Sensex on Monday rose 126.76
Raleigh First-Citizens Bank & Trust Company, a subsidiary of Raleigh-headquartered First Citizens BancShares, Inc., announced on Monday that it has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to purchase out of FDIC receivership substantially all loans and certain other assets, and assume all customer deposits and certain other liabilities of Silicon Valley Bridge Bank.
Mumbai: The BSE Sensex recovered 125 points at 57,652.23 in opening trade on Monday as fresh buying was seen in Realty, Banjex stocks.
New Delhi: National Aluminium Company Limited (NALCO) has successfully developed a Bauxite Certified Reference Material (CRM) naming as BARC B1201 in joint collaboration with Bhabha Atomic Research Centre (BARC).
Imphal: Manipur's State Agriculture Minister C. Lalrinsanga recently flagged off 7.5 tonnes of Bird’s Eye Chilli (Mizo Chilly, GI), which is harvested by farmers from southern Mizoram- Lunglei, Siaha and Lawngtlai, to the USA.
California: Intel and the Gordon and Betty Moore Foundation has announced that company co-founder Gordon Moore has passed away at the age of 94.
Mumbai/IBNS: The Reserve Bank of India on Friday released the schedule of the meeting of its Monetary Policy Committee (MPC) for the upcoming financial year (FY24).
Mumbai/IBNS: Reliance Industries Limited (RIL) has appointed Srikanth Venkatachari as the new Chief Financial Officer, the company said in a press release on Friday.
Mumbai/IBNS: Jio-bp, a joint venture between Reliance Industries for fuel retailing, will set up EV charging facilities in all residential projects of Piramal Realty in the Mumbai Metropolitan Region, the companies said in a statement.
New Delhi/IBNS: The Centre has decided to extend the subsidy of Rs 200 per cylinder provided under the Pradhan Mantri Ujjwala Yojana by one more year, Union Minister of Information & Broadcasting Anurag Singh Thakur said on Friday.
New Delhi/IBNS: There are 6,586 operational public EV charging stations in India as of March 1, 2023, according to the Bureau of Energy Efficiency (BEE).
Bengaluru/IBNS: The Centre has approved Rs 180 crore worth of Electronics Manufacturing Cluster (EMC) at Karnataka’s Dharwad which is expected to create over 18,000 jobs, Union Minister Rajeev Chandrasekhar said on Friday.
New Delhi/IBNS: A total of 111 waterways, including the five previously notified National Waterways (NWs), have been declared as National Waterways under the National Waterways Act, 2016 in order to promote Inland Water Transport in the country.
New Delhi/IBNS: The Union Cabinet chaired by Prime Minister Narendra Modi on Friday has given its approval to release an additional instalment of Dearness Allowance (DA) to central governments employees and Dearness Relief to Pensioners with effect from Jan 1 of this year.
Kolkata: Kotak Mahindra Asset Management Company Ltd (Kotak Mahindra Mutual Fund) has announced that its Kotak Manufacture in India Fund has completed 1 year since its launch in February 2022. This Fund was launched for investors to participate in the “Make in India” & “China+1” thrust on the manufacturing sector.
India’s homegrown Paytm Payments Bank has enabled real-time lightning-fast UPI payments in one-tap via Paytm UPI LITE.
New Delhi/IBNS: The government has given approval to 45 companies/JVs operating in the defence sector with foreign OEMs.
New Delhi: The Jammu and Kashmir Trade Promotion Organization (JKTPO) recently participated in India Fashion Tex 2023 in New Delhi.
Mumbai: After $100 billion erosion in Adani stocks in the wake of Hindenburg Research’s negative report, the Life Insurance Corporation (LIC) is mulling its debt and equity exposure limit to companies, according to a media report.
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