Business and financial news
New Delhi: Union Minister of State for Electronics & IT(MeitY) Rajeev Chandrasekhar held consultations with stakeholders on the soon-to-be introduced Digital India Bill.
New Delhi/IBNS: The National Pension System (NPS) has witnessed a significant surge in its subscriber base over the past year, with the number of subscribers under various schemes rising to 624.81 lakh as of March 4, 2023, the Ministry of Finance said on Friday.
New Delhi/IBNS: India-US bilateral goods and services trade has almost doubled since 2014, exceeding US $191 billion in 2022, with the United States becoming India’s largest trading partner in 2022, signalling accelerated growth of bilateral trade between both countries, said a Joint Statement issued after the conclusion of the India-US Commercial Dialogue 2023 on Friday.
New Delhi/IBNS: India and US on Friday inked a Memorandum of Understanding (MoU) for establishing a semiconductor supply chain and innovation partnership, an official statement said.
Mumbai: India's foreign exchange reserves increased for the first time in five weeks and reached $562.40 billion as of the week ended March 3, according to the Reserve Bank of India's (RBI) statistical supplement released on Friday.
New Delhi: Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina will launch the first-ever India-Bangladesh cross-border oil pipeline on March 18 through video conferencing, Bangladesh's Foreign Minister A K Momen said on Friday, media reported.
Kolkata: Global Surfaces Limited, a Jaipur-based suppliers of surface solutions, announced its price band for Rs 133-140 per share for its forthcoming initial public offering through book-building process.
New Delhi: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis S&P BSE Sensex ETF (An Open Ended Exchange Traded Fund Tracking S&P BSE Sensex TRI).
Mumbai: Creating a stir in the mid-size segment, Honda Motorcycle and Scooter India today launched the OBD2B compliant 2023 H’ness CB350 & CB350RS.
Kota: Volkswagen Passenger Cars India strengthens its presence in Rajasthan with the inauguration of a new touchpoint in Kota.
Moscow: The price of Bitcoin, the largest cryptocurrency, dropped 8.07% and was trading at $19,970 on the Binance cryptocurrency exchange, trading data showed on Friday.
Srinagar: The Jammu and Kashmir government is trying to increase bee colonies through cluster formation, encouraging bee-preneurship and bee-startups besides developing infrastructure for post harvest management, value addition and marketing, media reports said.
Srinagar: Jammu and Kashmir Bank on Thursday launched JIA (J&K Bank Intelligent Assistant) – an AI-enabled Chatbot to enable better service to customers.
Mumbai: Axis Asset Management Company Ltd. (AMC) on Thursday appointed MD & CEO of Axis Securities B. Gopkumar the next MD & CEO of Axis AMC, according to a media statement.
iPhone maker Apple is focussing on India as its priority region amid a significant increase in demand for Apple products in the country. Its plans include the elevation of its head of India and making the country sales engine for Apple, media reports said.
Mumbai/IBNS: The National Stock Exchange (NSE) has cautioned investors against a person who is allegedly trying to extract trading account credentials from investors by offering to help them in stock market trading.
Mumbai: IndiGo has appointed Mark Sutch as its new Chief Commercial Officer – CarGo International, according to a media statement.
Mumbai: Radisys Corporation, a wholly owned subsidiary of Jio Platforms, would acquire Mimosa Networks for US$ 60 million on a debt-free, cash-free basis from Airspan Networks Holdings.
New Delhi/IBNS: Airbus Corporate Helicopters has won an order for two ACH160 helicopters in India – the first sale of the type in the region, a company statement said.
Mumbai: The country’s largest lender SBI has raised Rs 3,717 crores by issuing Additional Tier 1 (AT-1) bonds at a coupon rate of 8.25%.
New Delhi: The government has introduced anti-money laundering regulations on the cryptocurrency industry, as part of its ongoing efforts to strengthen legal control over digital assets.
Mumbai: The Securities Exchange Board of India has released a circular specifying restrictions on placements of bids, price, and volume for a company seeking to buy back its shares through the exchange route, media reports said.
Mumbai: After Future Retail, another Kishore Biyani-owned Future Enterprises has been admitted to insolvency resolution and will be auctioned off in order to collect outstanding debts, a report in the media said.
Embattled Adani Group has settled a $500 million bridge loan due on Thursday, as part of its effort to restore faith in its financial stability following a critical report from US-based short seller Hindenburg Research. This payment is one of several made by the Indian conglomerate.
New Delhi: The power generators and coal mines in India are currently experiencing significant pressure to keep up with the escalating demand for electricity, which has been fuelled by the country's rapidly expanding economy and swift electrification efforts, Reuters reported.
New Delhi: SoftBank CEO and founder Masayoshi Son attended the wedding ceremony of Ritesh Agarwal, the founder of OYO in Delhi. The occasion was also attended by several prominent corporate figures, including Vijay Shekhar Sharma of Paytm, Peyush Bansal of Lenskart, and Kalyan Krishnamurthy, the CEO of Flipkart, according to media reports.
New Delhi/IBNS: The defence ministry on Tuesday finalised one deal each with Hindustan Aeronautics Limited (HAL) and Larsen & Toubro Ltd (L&T).
New Delhi/IBNS: The government on Monday issued an explanation of its guidelines for paid endorsements by social media influencers, clarifying the meaning of terms like "advertisement," "sponsored," "collaboration," or "paid promotion."
Adani Group on Tuesday said that it has prepaid share-backed financing worth Rs 73.74 billion ($901.16 million) as part of its promoters’ commitment to cut down overall leverage backed by shares of the group's listed companies, Reuters reported.
New Delhi: Australian High Commissioner to India Barry O'Farrell on Monday said that Adani group still remains a major investor in the country.
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