Bajaj Finserv gets permission to launch mutual fund business
Mumbai: Non-banking financial services company Bajaj Finserv Wednesday said it has obtained the licence to launch its mutual fund business, Reuters reported.
IBNS•Mar 01, 2023
Finance
Business and financial news
SoftBank sells 2.8 cr shares worth Rs 954 cr in block deal
Mumbai/IBNS: SoftBank sold 2.8 crore shares worth Rs 954 crore on Wednesday in the Gurgaon-based logistics firm Delhivery through bulk deals. The sale represents 3.85% of the company's total shares, and the shares were sold at Rs 340.80 each.
IBNS•Mar 01, 2023
In the season of layoffs, Google fires 100 robot workers that cleaned its cafeterias, tidied conference rooms
Amid mass layoffs, Google’s parent company Alphabet has also fired 100 robots that helped keep its cafeterias spick and span, reported Wired.
IBNS•Mar 01, 2023
GST revenue grows 12 pc in Feb to Rs 1.49 lakh cr, cess collection at record high
New Delhi: Reflecting growth momentum in the economy, gross goods and services tax (GST) collection rose 12 per cent year-on-year to Rs 1,49,577 crore in February, 2023.
IBNS•Mar 01, 2023
SBI Credit Card Users Alert! How New Rules Will Affect You from January 1 - Check Complete Details
The State Bank of India (SBI) is the largest credit card provider in India, which offers this facility to cater to the specific needs of customers. It provides a plethora of features like reward points, cashback for grocery purchases, travel, fuel expenses, etc.
IBNS•Mar 01, 2023
Prices of domestic, commercial LPG cylinders increased
New Delhi: Petroleum and oil marketing companies increased prices of domestic LPG cylinders by Rs 50 per cylinder and commercial LPG cylinders by Rs 350.50 per unit on Wednesday.
IBNS•Mar 01, 2023
MC A10 Index improves 8% on Adani Enterprises stocks: Report
Mumbai: The MC A10 index, which is an indicator of Adani Group stocks, ended a seven-day losing streak due to some low-level purchasing in some of the companies, despite the benchmark indices closing half a percent lower, media reports said.
IBNS•Mar 01, 2023
G20: Mizoram's capital Aizawl to host the second B20 event from 1-3 March 2023
New Delhi/IBNS: The second of the four scheduled B20 India events in the Northeast will take place in Aizawl between March 1 and 3, 2023, the Ministry of Commerce & Industry said on Tuesday.
IBNS•Mar 01, 2023
Apple’s suppliers in China hurry to move out manufacturing capacity; India among top choices apart from Vietnam
Apple’s Chinese suppliers may move their capacity out of the country at a quicker rate than expected, to avoid the negative consequences of increasing tensions between Beijing and Washington, according to one of Apple's top partners, Bloomberg reported.
IBNS•Mar 01, 2023
NTPC transfers 15 renewable energy assets to its subsidiary
Mumbai/IBNS: Under the aegis of the Centre's National Monetization Pipeline, state-owned power utility major NTPC Ltd completed the transfer of 15 renewable energy assets to NTPC Green Energy Ltd.
IBNS•Mar 01, 2023
SBI completes $1 billion through syndicated social loan
India’s largest lender State Bank of India (SBI) Tuesday said it has completed a $1 billion Syndicated Social Loan Facility.
IBNS•Mar 01, 2023
Softbank plans to sell shares worth Rs 600 cr in Delhivery via block deal on Wednesday: Report
Mumbai: Japan’s Softbank Group is planning to offload approximately Rs 600 crore worth of shares in Delhivery through block deals on Wednesday, media reports said.
IBNS•Feb 28, 2023
Make India a global petrochemical leader: Industry experts urge govt, discuss ideas and strategies
New Delhi: Former NITI Ayog CEO Parameswaran Iyer on Tuesday stressed the importance of sustainable technologies in the petrochemical industry, and suggested that if required the existing policies should be reviewed to promote investments in this sector.
IBNS•Feb 28, 2023
India’s GDP growth decelerates to 4.4 pc in Q3FY23, services sector continues robust revival
New Delhi: India's real gross domestic product (GDP) for the October-December quarter (Q3) of the current fiscal year decreased to 4.4%, compared to 6.3% in the previous quarter, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) showed on Tuesday.
IBNS•Feb 28, 2023
Citreon launches new E-C3 all-electric car
Kolkata/New Delhi: Carmaker Citroën India has launched the much-awaited New Citroën Ë-C3 All-Electric at a special introductory price of Rs. 11,50,000 (ex-showroom Delhi).
IBNS•Feb 28, 2023
Essar launches EET to invest US$3.6 billion in energy transition in UK and India
London/IBNS: Essar Group, invested in Energy, Metals and Mining, Infrastructure and Technology sectors, on Monday announced the formation of Essar Energy Transition (“EET”) to drive the creation of the UK’s leading energy transition hub in North West England.
IBNS•Feb 27, 2023
Despite turmoil, Adani gets boost from S&P rating
Mumbai/IBNS: American Credit Rating Agency S&P Global has affirmed its rating on trouble-laden Adani Group with a stable outlook, media reports said.
IBNS•Feb 27, 2023
Airtel surpasses 10 million unique customers on its 5G network
New Delhi/UNI: Bharti Airtel (Airtel), India’s leading telecommunications services provider, on Monday announced that it has crossed the 10 million unique 5G user mark on its network.
IBNS•Feb 27, 2023
Twitter fires at least another 200 employees: Reports
Washington/UNI: Twitter has laid off at least another 200 employees on Saturday evening, The New York Times reported citing sources familiar with the matter.
IBNS•Feb 27, 2023
Twitter once again fires 50 more employees as cost-cutting continues: Reports
Washington: Twitter has fired another 50 employees in the eighth round of job cuts since Elon Musk bought the microblogging firm for $44 billion in October, The Information reported, citing sources.
IBNS•Feb 27, 2023
India will continue to be world’s fastest growing economy for many decades: Piyush Goyal
Pune/UNI: The Indian economy will be closer to the 35-40 trillion-dollar mark by 2047 given the current pace of development, Union minister Piyush Goyal said on Saturday.
IBNS•Feb 26, 2023
Ola likely to launch IPO in 2024
Mumbai/IBNS: Cab aggregator Ola has put a hold on its IPO owing to the turbulent market situation, Ola Cabs Co-Founder and CEO said on Saturday, adding that the company is planning to announce it the next year.
IBNS•Feb 26, 2023
'India's future vehicles will run on hydrogen and green fuels': Nitin Gadkari
Mumbai/IBNS: Hydrogen is our future fuel and India’s future vehicles will run on hydrogen and green fuels, Union Minister Nitin Gadkari said on Saturday.
IBNS•Feb 26, 2023
SpiceJet Q3FY23: Net profit soars 161% y-o-y to Rs 110 cr
Mumbai: SpiceJet Ltd Friday reported a significant increase in its consolidated net profit for the quarter ended December 2022, with a 161% rise to Rs 110 crore.
IBNS•Feb 25, 2023
West Bengal: Gadkari approves Rs 410.83 Cr for 5.261 km 4-lane Raniganj Bypass on NH14 on EPC Mode
New Delhi/IBNS: Union Minister Nitin Gadkari Friday approved Rs 410.83 crore for the construction of a 4-lane Raniganj Bypass with a length of 5.261 km on NH-14 (old NH-60) in Paschim Bardhaman district on EPC (Engineering, Procurement and Construction) Mode in West Bengal.
IBNS•Feb 25, 2023
Air India plans to recruit over 4200 cabin crew and 900 pilots by 2023
Mumbai/IBNS: Air India is planning to hire more than 4,200 cabin crew and 900 pilots in 2023, as the airline increases its fleet size and expands its domestic and international services, media reports said.
IBNS•Feb 24, 2023
Telecom equipment maker Ericsson to cut 8,500 jobs: Report
Ericsson, a manufacturer of telecommunications equipment, is set to reduce its expenses by terminating 8,500 employees worldwide, according to a memo seen by Reuters.
IBNS•Feb 24, 2023
Gadkari approves 32km 6-lane highway in Andhra Pradesh for Rs 1292.65 cr under Bharatmala Pariyojana
New Delhi/IBNS: Union Minister Nitin Gadkari Friday announced that he has approved Rs 1292.65 crore for the development of a 32 km long 6-lane Access Controlled Greenfield Highway from Chandrasekharapuram to Polavaram on (NH-544G) Bengaluru–Vijayawada Economic Corridor.
IBNS•Feb 24, 2023
18.05 LMT wheat sold in open market in three e-auctions
New Delhi/IBNS: Food Corporation of India (FCI) has sold 18.05 lakh MT wheat in the open market in a bid to cool down sharply rising prices of wheat and flour, the Food Ministry said Friday.
IBNS•Feb 24, 2023
India’s Apr 2022 -Jan 2023 coal prodn jumps 16% y-o-y to 698.25 MT
New Delhi/IBNS: India’s coal production from April 2022 to January 2023 grew more than 16 percent with a production of 698.25 MT as compared to 601.97 MT in the same period the previous year, according to the Ministry of Coal.
IBNS•Feb 24, 2023
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