Business and financial news
New Delhi/IBNS: Centre’s rice procurement is expected to be equal to last year's level of 592 lakh tonnes in the current 2022-23 marketing year ending September, despite an estimated decline in Kharif output, media reports said.
New Delhi/IBNS: The Ministry of Ports, Shipping and Waterways will invite Expressions of Interest (EoI) for the development of Mega International Container Transhipment Port (ICTP) at Galathea Bay of Great Nicobar Island of Andaman and Nicobar Islands in the Bay of Bengal.
New Delhi/IBNS: The global economy is likely to shrink significantly this year but the worst—both in terms of growth and inflation—appears to be over, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday, media reports said.
New Delhi/IBNS: Coal India Ltd (CIL) is looking to process the overburden rocks for sand production in mines where OB material contains about 60% sandstone by volume which is harnessed through crushing and processing of Overburden, the Ministry of Coal said on Friday.
New Delhi/IBNS: MeitY Startup Hub (MSH), an initiative of the Ministry of Electronics & Information Technology (MeitY), and Meta, the owner of firms like Facebook and WhatsApp, together released the list of 120 startups and innovators for the XR Startup Program, in Delhi on Friday.
New Delhi/IBNS: Twenty-five lakh MT of wheat will be offered for sale starting from the first week of February (1st February, 2023) under Open Market Sale Scheme (Domestic) or OMSS (D), the Ministry of Consumer Affairs, Food & Public Distribution said on Friday.
New Delhi/IBNS: Over 84.8 crore e-KYC transactions were executed using Aadhaar in the October-December quarter (Q3) of FY 2022-23, a growth of 18.53% over the Q2 (July-Sept) of the current financial year.
Mumbai: Amid a drop in the stock prices of the companies in Adani Group, its chairman Gautam Adani slipped from 3rd to 7th position on the list of the world’s richest people, as per Forbes Realtime Billionaires.
Mumbai/IBNS: Adani Enterprises Ltd's follow-on public offer (FPO) received a bleak response across investor categories as the total issue was subscribed just 1% on Friday, data on the BSE website showed.
Gurugram: Car manufacturer Maruti Suzuki is exploring a unique way of dealing with carbon emissions through an ambitious project in which cow dung will be used to produce biogas for usage in its carbon-neutral internal combustion engine vehicles like CNG, biogas, and ethanol, media reports said.
Mumbai: The Rupee on Friday gained seven paise to close at 81.52 on selling of US Dollar by bankers and importers, dealers at the Foreign Exchange said.
Bengaluru: Toyota Kirloskar Motor (TKM) on Friday announced opening of bookings for its New Innova Crysta.
Mumbai/UNI: The BSE Sensex on Friday dropped 507.26 points below 60,000 at 59,697.80 in opening trade on weak global peers.
Mumbai/UNI: The Rupee on Friday slipped 7 paise at 81.65 in the opening trade against the US Dollar on rising demand for US Dollars by bankers and importers, dealers at Foreign Exchange said.
Mumbai/IBNS: The Adani Group is planning to take US-based investment research firm Hindenburg Research to court for a "malafide and mischievous" report published before the Indian firm’s Rs 20,000 crore follow-on public offer (FPO) pulled down Adani Group stocks by up to 10% on Wednesday.
Berlin: German software major SAP on Thursday said it is looking to terminate 3,000 jobs this year, at a time when global big tech companies are resorting to mass layoffs to cut costs citing weak growth and grim economic outlook, media reports said.
Adani Group has slammed the negative report by American short-seller Hindenburg Research, alleging that it was timed with a mala fide intention to damage Adani Enterprises FPO.
Mumbai: The follow-on share sale floated by Gautam Adani’s flagship, Adani Enterprises, generated considerable interest with major investors showing bidding to buy stock, media reports said.
Reliance Industries Ltd (RIL) chairman Mukesh Ambani is joining a group of global billionaires to buy a stake in Thrive Capital, the venture-capital firm founded by Josh Kushner, Bloomberg reported.
Hyderabad: Generic Drug maker, Dr Reddy’s Laboratories’ on Wednesday reported a 77 per cent increase in consolidated net profit to Rs 1,247 crore in the third quarter ended December 2022 as against Rs 706 crore in the corresponding quarter in the previous year.
Hyderabad: Olectra Greentech Limited, an arm of the MEIL group, on Wednesday reported a 136 per cent increase in standalone net profit to Rs 42.9 crore for the nine months period ending December 2022 as against Rs 18.2 crore in the corresponding period in December 2021.
Mumbai: The BSE Sensex on Wednesday crashed 773.69 pts to settle at 60,205.06 on weak global cues.
Kanyakumari: HDFC Bank on Wednesday announced that it has opened its first branch in Kanyakumari town. Located in Cape Road, this is the bank's southern-most branch in the country and reinforces its commitment to offer services across the country.
New Delhi/Hyderabad: The G20 Startup20 Engagement Group will hold its inception meeting in Hyderabad this week, featuring delegates from G20 nations and nine special invitees from observer countries, representatives from multilateral organizations as well as the Indian startup ecosystem.
Kolkata: The PepsiCo Foundation, the philanthropic arm of PepsiCo and CARE, a not-for-profit organization dedicated to empowerment for marginalized women and girls, on Tuesday expanded their agriculture-focused ‘She Feeds the World’ programme in India.
New Delhi/Kolkata: Walmart Foundation on Tuesday announced three new grants in the states of Madhya Pradesh and West Bengal with the aim to empower smallholder farmers through the Farmer Producer Organisation (FPO) framework.
Srinagar: The Jammu and Kashmir government is aiming to revolutionise the food-processing sector and transform the lives of farmers in the Union Territory by launching an ambitious project.
Mumbai: The Rupee on Tuesday tumbled down 33 paise to close at 81.72 on rising demand for US Dollar by bankers and exporters, dealers at the Foreign Exchange said.
Mumbai: The BSE Sensex on Tuesday rose marginally by 37.08 pts to settle at 60,978.75 on the strength of Auto, Consumer Durable, Technology and IT stocks.
Coimbatore: Indian telecommunication major Bharti Airtel on Tuesday announced the launch of its cutting edge 5G services in Coimbatore, Madurai, Hosur, Trichy.
Get the latest news delivered to your inbox
Connect with us on social media
