Vendanta repays $100 mn loan to Standard Chartered Bank
Mumbai: Vedanta Resources Ltd said on Wednesday it prepaid $100 million to Standard Chartered Bank via release of encumbrance on March 10.
Finance
Indian Railways: Ramkrishna Forgings & Titagarh Wagons consortium wins bid for forged wheels project
Kolkata: A consortium of Ramkrishna Forgings Ltd, one of the leading suppliers of rolled, forged, and machined products, and Titagarh Wagons Ltd has been declared the Lowest Bidder (L1) by the Indian Railways for manufacturing and supplying of forged wheels.
Honda ups the ante in 100-110cc commuter segment, launches Shine 100 in India
Mumbai: Creating a new paradigm in mass mobility, Honda Motorcycle & Scooter India (HMSI) on Wednesday launched its most affordable and fuel-efficient mass motorcycle – Shine 100 in India.
Arunachal Pradesh: 24 farmers participate in mushroom production project
Jairampur: Twenty-four farmers are participating in mushroom production project at Changlang district of Arunachal Pradesh, media reports said on Wednesday.
Facebook's parent company Meta to cuts 10,000 additional jobs, slash 5,000 more vacant positions
Facebook's parent company Meta Platforms Inc. has planned to lay off around 10,000 employees and close about 5,000 additional open roles in its second major round of job cuts in the past six months.
India makes more real-time digital transactions than US, China, Europe combined, says official
New Delhi: India makes more real time digital transactions than US, China and Europe combined, Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, said on Tuesday.
RBL Bank distributes over 100 bicycles and school-kits to underprivileged girls in Kolkata
Kolkata: To mark the occasion of International Women’s Day, RBL Bank, under its CSR initiative - UMEED 1000, has donated 100 bicycles to underprivileged girl children in Kolkata.
HireMee named 'Most Promising Assessment Service Provider'
Bengaluru: Talent acquisition and talent management platform, HireMee has been named the ‘Most Promising Assessment Service Provider’ by ArdorComm Media.
India's wholesale inflation dips to 3.85 pc in February
New Delhi: India's wholesale inflation dipped to 3.85 percent in the month of February against 4.73 percent recorded in January, official data released on Tuesday revealed.
India's retail inflation drops marginally to 6.4 pct in February
New Delhi: India's annual retail inflation rate eased marginally to touch 6.44 per cent in February from 6.52 per cent in January, as per data released by the Indian government on Monday.
HSBC Holdings acquires Silicon Valley Bank UK Limited
New York: HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1 (INR 99).
Nokia unveils its latest budget smartphone Nokia C12, price details given
Mumbai: HMD Global, the home of Nokia phones, oon Monday announces the launch of the Nokia C12 in India.
After Silicon Valley Bank another US-based bank collapses
Washington: Signature Bank, New York, NY, was closed on Sunday by the New York State Department of Financial Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
Ranked among America's best banks by Forbes, SVB collapses days after: Regulators say, only depositors to be bailed out
There will be no bail out for investors of the now-collapsed Silicon Valley Bank (SVB) that recently appeared in Forbes magazine's annual ranking of the best banks in America, for the fifth year in a row, according to media reports.
Name mix-up: Fall of Silicon Valley Bank leaves customers of Mumbai-based bank in panic mode
Mumbai: The collapse of Silicon Valley Bank (SVB), considered one of the biggest seen in the US since 2008, has impacted a Mumbai-based cooperative bank.
India-Australia Relationship: Piyush Goyal, Don Farrell discuss implementation of the Economic Cooperation and Trade Agreement
New Delhi: India’s Minister of Commerce and Industry Piyush Goyal and Australia’s Minister for Trade and Tourism, Senator Don Farrell on Saturday met when they discussed implementation of the Economic Cooperation and Trade Agreement (ECTA).
Aramco's net income rises 46.5 pct YoY to USD 161.1 billion
Dhahran: Saudi Arabian oil major Aramco on Saturday announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a listed company.
Elon Musk says open to SVB buyout after tech lender closes
Washington: Twitter CEO Elon Musk says he is "open to the idea" of having his social media company buy the bankrupt Silicon Valley Bank (SVB).
Man booked for smoking, misbehaving on Air India's London-Mumbai flight
Mumbai: A case has been registered against an unruly passenger, who was caught smoking in the lavatory on an Air India London-Mumbai flight, Mumbai Police said on Sunday, news agency ANI reported
Govt appoints Siddhartha Mohanty as interim chairman of LIC: Report
Mumbai: The Centre has appointed Siddhartha Mohanty as the interim chairman of the Life Insurance Corporation of India (LIC) for a three months period, starting March 14, according to CNBC.
IDFC Mutual Fund rebrands to Bandhan Mutual Fund
Mumbai: IDFC Mutual Fund is set to adopt its new brand identity as Bandhan Mutual Fund on Monday.
US: California regulator shuts Silicon Valley Bank
Washington: Silicon Valley Bank, Santa Clara, California, was closed on Friday by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver.
Rajeev Chandrasekhar holds consultations with stakeholders on the proposed Digital India Bill
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.
NPS subscribers grow 22.88% y-o-y to 624.81 lakh
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.
India-US bilateral Commercial Dialogue 2023: Collaboration in range of sectors, including semiconductors, renewable energy, agreed
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.
India, US sign MoU on semiconductor supply chain and innovation partnership
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.
India's forex reserves increase to $562 billion in the week ended March 3 after five weeks of decline
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.
PM Modi, Sheikh Hasina to launch cross-border fuel pipeline on March 18: Report
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.
Global Surfaces IPO to launch next week, sets price band at Rs. 133-140 per share
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.
Axis Mutual Fund launches ‘Axis S&P BSE Sensex ETF’
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).