Mumbai: India is preparing to sell up to a 3.5% stake in Hindustan Aeronautics Ltd, a state-run aerospace and defence company, which could yield the government Rs 2,867 crore, Reuters reported citing an exchange filing on Wednesday.
New Delhi/IBNS: Prime Minister Narendra Modi on Wednesday announced India's 6G mission, which aims to concentrate efforts towards developing next-generation technology in India.
New Delhi: The enforcement agencies under the Finance Ministry have seized immovable assets worth around Rs 1.11 trillion during the last six years, the ministry informed Parliament.
Mumbai: Punjab National Bank (PNB), Indian Overseas Bank (IOB), and DCB Bank may need to offer higher interest rates on their bonds as they prepare to sell them during a period when global banks are facing significant pressure, according to a report published in The Economic Times (ET).
Mumbai/IBNS: Jeff Bezos, the founder of e-commerce giant Amazon, lost more wealth in dollar terms in the last one year than Indian billionaires Mukesh Ambani and Gautam Adani combined, according to the 2023 M3M Hurun Global Rich List.
New Delhi: Delhi Finance Minister Kailash Gahlot presented his first and AAP government’s 9th budget in the Assembly on Wednesday with an outlay of Rs 78,800 crore budget estimate for the financial year 2023-24, focusing on cleaning Yamuna and removal of three mountains of garbage, infrastructure, education and health.
Kolkata: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis S&P 500 ETF Fund of Fund (an open ended fund of fund investing in Exchange Traded Funds replicating S&P 500 TRI, subject to tracking errors).
Budget 2023 has been released, and investors are curious to know what changes to expect from fixed deposit interest rates. With the Reserve Bank of India (RBI) maintaining an accommodative stance on interest rates, the government may introduce policies that could have an impact on the interest rates offered on fixed deposits.
New Delhi: NTPC REL has signed an MoU with Indian Army for setting up Green Hydrogen Projects in its establishments on Build, Own and Operate (BOO) model. The intent is to reduce complex logistics, dependence on fossil fuels and to accelerate decarbonisation.
Mumbai: Automobile major Tata Motors will be implementing a price increase of up to 5% on its commercial vehicles starting from Apr 1.
E-commerce giant Amazon.com Inc Monday announced 9,000 more layoffs to make its operation lean and manage economic uncertainty.
Credit cards have become very popular, especially among the millennial generation. It is evident as the number of active credit cards went up by 20% year-on-year to 806.65 lakh in November 2022, as per Reserve Bank of India (RBI) data. In this article, we will discuss the fundamentals of credit cards and the quickest ways to pay your credit card's outstanding.
Swiss bank major UBS is planning to acquire troubled Credit Suisse in a government-backed deal.
Toronto: Toronto Testing Meetup, a software automation testing community group, recentlyorganized "Women Leaders in Toronto Testing," an event that celebrates the contributions of women in software testing in Toronto.
New Delhi: India's economic and banking systems remain robust, even in the midst of the current turmoil battering global markets, Prime Minister Narendra Modi said on Saturday.
The crisis in Credit Suisse had been brewing since 2021, but the Swiss lender rattled investors on Tuesday by revealing that it had discovered "material weaknesses" in its 2021 and 2022 financial reports. On Wednesday, its stocks tumbled to an all-time low, stoking concerns over the overall heath of the banking sector, especially after the collapse of two banks in the U.S.
Prime Minister Narendra Modi Friday congratulated RBI Governor Shaktikanta Das for receiving the ‘Governor of the year’ award in the Central Banking Awards 2023.
New Delhi/IBNS: The Cabinet Committee on Economic Affairs (CCEA) on Friday approved the listing of IREDA on the stock exchanges through an Initial Public Offer (IPO).
Mumbai: India's foreign exchange reserves dropped to $560 billion in the week ending on March 10, the lowest since the beginning of December, showed Reserve Bank of India's statistical supplement published on Friday.
Bengaluru: Digital payments and financial services company PhonePe has raised an additional $200 million as part of its proposed $1 billion funding round from its largest shareholder, Walmart. The funding was secured at a pre-money valuation of $12 billion.
The National Company Law Tribunal (NCLT) gave its approval for the merger of HDFC and HDFC Bank, which is considered to be the largest merger in corporate history.
Tata Consumer Products (TCPL) said on Friday that it had called off talks with Bisleri International to buy a majority stake in India’s largest bottled water enterprises.
Mumbai: The Reserve Bank of India injected Rs 1.1 trillion into the system on Thursday, marking the largest single-day liquidity infusion since April 24, 2019. This comes amid onset of corporate advance taxes leading to significant outflows from the banking system
SVB Financial Group on Friday said it has applied for court-monitored restructuring under Chapter 11 bankruptcy protection to find potential buyers for its assets, Reuters reported.
Bengaluru: CARS24, an auto-tech company for pre-owned vehicles, on Friday took a giant leap towards driving innovation and growth in the pre-owned vehicle market with the launch of its first Engineering Research and Development Center (R&D Center) in Bengaluru.
New Delhi: Smartphone major itel launches its new Power Series with the contemporary P40 smartphone.
Mumbai/IBNS: Invesco Mutual Fund Thursday announced the launch of two Target Maturity Debt Index Funds – Invesco India Nifty G-sec Jul 2027 Index Fund (An open-ended Target Maturity Index Fund tracking Nifty G-sec Jul 2027 Index.
Mumbai: Sports collectibles and skill gaming company BuyStars Wednesday said it has raised $5 million in pre-series A round led by Indian Gaming and Interactive-focused VC Fund Lumikai, Chiratae and Leo Capital.
Mumbai: The stock exchanges have placed a hold on the shares owned by Patanjali Foods' promoters and promoter entities after they failed to comply with the minimum public shareholding requirement, Moneycontrol reported.
Mumbai/Delhi: The Competition Commission of India has given its nod to Reliance Retail Ventures’ (RRVL’s) acquisition of METRO Cash & Carry India for a cash consideration of Rs 2,850 crore, according to an official statement.
