Adani Green Energy reports Q3FY23 cash profit at Rs 546 cr
New Delhi/UNI: Adani Green Energy Ltd (AGEL) on Tuesday reported a cash profit of Rs 546 crore for the quarter ended December 31, 2022.
IBNS•Feb 08, 2023
Finance
Business and financial news
RBI to announce first monetary policy of 2023 on Feb 8
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das will announce the first monetary policy of 2023 on February 8.
IBNS•Feb 08, 2023
India accelerates pace to secure long-term LNG deals: Report
New Delhi: India is looking to seal more long-term LNG deals to boost its economic growth while reducing the dependence on coal, media reports said.
IBNS•Feb 08, 2023
Adani Enterprises shares jump 25 pc after loan prepayment announcement
Mumbai/IBNS: Share prices of Adani Enterprises jumped as much as 25 percent on Tuesday after the firm announced to prepay more than $1 billion in loans, media reports said.
IBNS•Feb 07, 2023
Samsung Galaxy S23 series gets 1,40,000 pre-bookings in a single day in India
Kolkata: Consumer electronics brand Samsung on Tuesday said over 140,000 Galaxy S23 series units were pre-booked in India in a span of first 24 hours.
IBNS•Feb 07, 2023
Exposure of domestic banks to Adani Group 'limited', says rating agency Moody's
Mumbai/IBNS: Rating agency Moody's Investor Services has said the Indian banks face “limited” risk due to a massive decline in the value of Adani, according to media reports.
IBNS•Feb 07, 2023
Blockchain Technology one of many promising technologies: RBI
New Delhi/IBNS: The Reserve Bank of India (RBI) has informed that Blockchain Technology (BCT) is one of many promising technologies and its usefulness will depend on how it is adopted and adapted to a wide array of uses, the Ministry of Finance said on Tuesday.
IBNS•Feb 07, 2023
MeitY asks app stores to filter out unregulated digital lenders
New Delhi/IBNS: The Ministry of Electronics & Information Technology (MeitY) has shared a list of Digital Lending Apps (DLAs) being used by Regulated Entities (REs) with the app stores, requesting them to not feature lending apps other than those mentioned in the list, the finance ministry said in the Parliament on February 7.
IBNS•Feb 07, 2023
K Satyanarayana Raju appointed as New MD , CEO of Canara Bank
Mumbai : The Government on Tuesday announced the appointment of K Satyanarayana Raju as Managing Director and CEO of Canara Bank.
IBNS•Feb 07, 2023
Kotak Mahindra Asset Management Company Limited launches Kotak Banking & Financial Services Fund
Kolkata: Kotak Mahindra Asset Management Company Ltd (“KMAMC” / “Kotak Mutual Fund”) on Monday announced the launch of Kotak Banking & Financial Services Fund, an open-ended equity scheme investing in the Banking and Financial Services sectors.
IBNS•Feb 06, 2023
PwC in India to add 30K new jobs over the next five years
New Delhi: PwC announced on Monday that it will further expand its presence in India, in line with its strategic commitment to the country’s growth.
IBNS•Feb 06, 2023
Joy E-Bike records 18, 600 bookings for the newly launched e-scooter MIHOS
Mumbai: Wardwizard Innovations and Mobility Ltd. on Monday announced a significant milestone of 18,600 bookings for its new high-speed electric scooter MIHOS.
IBNS•Feb 06, 2023
Axis Bank launches an enhanced Rewards Redemption Program with 13 loyalty program partners
Mumbai: Private sector lender Axis Bank announces the launch of its enhanced rewards program in association with airline and hotel loyalty programs across the industry.
IBNS•Feb 06, 2023
Bandhan Bank hikes interest rates on Fixed Deposits
Kolkata: Bandhan Bank, one of the leading universal banks, has increase its FD interest rates by 50 bps.
IBNS•Feb 06, 2023
Bajaj Allianz Life Insurance launches Sustainable Equity Fund
Kolkata: Bajaj Allianz Life Insurance, one of India’s leading life insurers, launched the Bajaj Allianz Life Sustainable Equity Fund, on Friday to offer its customers an opportunity to invest in companies that are socially responsible and have been evaluated on relevant Environment (E), Social (S) and Governance (G) factors.
IBNS•Feb 06, 2023
Adani statement on pledge of shares of listed companies
Chennai: Adani Group on Monday issued a statement on pledge of shares of its listed companies.
IBNS•Feb 06, 2023
Jana Small Finance Bank hikes interest rates on fixed deposits and offers attractive interest rates
Bangalore: Jana Small Finance Bank, one of the leading small finance banks in India, has announced a new increase in interest rates on regular fixed deposits, effective Feb 1, 2023 and on FD Plus are effective from Feb 6, 2023.
IBNS•Feb 06, 2023
Jammu and Kashmir to boost mushroom production: Dulloo
Jammu: Jammu and Kashmir to boost mushroom production under Holistic Agriculture Development Plan.
IBNS•Feb 05, 2023
Second sale of wheat through e-auction on Feb 15
New Delhi/IBNS: The second sale of wheat through e-auction will be held throughout the country on 15th February Wednesday, 2023.
IBNS•Feb 05, 2023
India going strong in gold consumption: World Gold Council official
World Gold Council official Somasundaram PR has said India remains a strong pillar of support for the global gold markets as the second-largest consumer of gold jewellery.
IBNS•Feb 04, 2023
'Committed to ensuring market integrity amid market volatility': SEBI assures as Adani Group shares nosedive
Mumbai/IBNS: The Securities Exchange Board of India (SEBI) Saturday said "unusual price movement in stocks of a business conglomerate" in the past week and assured it is committed to ensuring market integrity.
IBNS•Feb 04, 2023
Tata Motors announces a ‘National Exchange Carnival’ for its customers
Mumbai: Tata Motors, India’s leading vehicle manufacturer,on Saturday announced the commencement of its National Exchange Carnival across the country. During this mega carnival, customers can avail attractive benefits on all Tata Cars and UVs, by visiting any Tata Motors dealership.
IBNS•Feb 04, 2023
India's coal prodn jumps 13 pc to 89.96 MT in Jan 2023
New Delhi/IBNS: India’s overall coal production increased by 12.94% to 89.96 Million Ton (MT) from 79.65 MT during Jan 2023 as compared to Jan 2022, according to the Ministry of Coal.
IBNS•Feb 04, 2023
Food Corporation of India sells 9.2 LMT wheat in two days of e-auction
New Delhi/IBNS: The Food Corporation of India (FCI) sold 9.2 LMT of wheat across the country in two days of e-auction, Ministry of Consumer Affairs, Food & Public Distribution said Friday.
IBNS•Feb 04, 2023
IndiGo Q3FY23 PAT soars 1000 pc to Rs 1423 cr
Mumbai/IBNS: InterGlobe Aviation, the parent company of budget carrier IndiGo, Friday reported a mega jump in net profit by 1000 percent to Rs 1422.6 crore for the December 2022 quarter against a net profit of Rs 129.79 crore in the year-ago period.
IBNS•Feb 04, 2023
SBI's Q3FY23 net profit jumps 68 pc y-o-y to Rs 14,205 cr; NII at Rs 38,069 cr
Mumbai/IBNS: State Bank of India (SBI) reported a 68 percent year-on-year jump in net profit to Rs 14,205 crore for the quarter ended December 31, 2023, on account of a reduction in provisions and strong core income growth.
IBNS•Feb 04, 2023
Vi to convert all govt dues to equity; govt to take 33 pc stake
Mumbai: The Centre has asked the cash-strapped telco Vodafone Idea (Vi) to convert all interest related to payments for spectrum and other dues into equity.
IBNS•Feb 03, 2023
Tata Power Q3FY23 PAT jumps 91 pc y-o-y to Rs 1,052 cr
Mumbai/IBNS: Tata Power (NSE,BSE: TATAPOWER) today said its PAT in Q3 FY23 rose for the 13th straight quarter to Rs 1,052 crore, up 91% year-on-year from Rs 552 crore in the same quarter last fiscal.
IBNS•Feb 03, 2023
FM Sitharaman says LIC, SBI exposure to Adani Group within permissible limits: Report
Mumbai: Finance Minister Nirmala Sitharaman Friday said the exposure of big lenders such as LIC and State Bank of India (SBI) to the crisis-hit Adani Group is well within the permissible limits as stated by these lenders, according to media reports.
IBNS•Feb 03, 2023
Tata Steel sets up an Innovation Centre for Mining & Mineral Research at IIT (ISM) Dhanbad
Dhanbad: Tata Steel has established a Centre for Innovation in Mining and Mineral Beneficiation at the Indian Institute of Technology (Indian School of Mines), Dhanbad with an aid of Rs 22 crore.
IBNS•Feb 03, 2023
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