'A major risk looming large': RBI warns against Old Pension Scheme
Mumbai: The Reserve Bank of India (RBI) has cautioned states against Old Pension Scheme, saying that it would strain state finances in the future.
IBNS•Jan 17, 2023
Finance
Business and financial news
Kotak General Insurance partners with Clootrack to enhance customer centricity
Kolkata: Kotak Mahindra General Insurance Company has announced its tie-up with Clootrack, a start-up providing real-time analytics, to enhance and focus on customer centricity.
IBNS•Jan 17, 2023
Tata Steel sets up Centre for Innovation in Mobility at IIT Madras Research Park
Chennai: To play a key role in India’s mobility sector, Tata Steel has setup a Centre for Innovation in Mobility (CIM) in Indian Institute of Technology (IIT) Madras Research Park.
IBNS•Jan 17, 2023
Indian Rupee falls 15 paise against USD
Mumbai: The Rupee on Tuesday slipped 15 paise to close at 81.76 against the US Dollar. The slide is likely due to rising demand for US Dollar by bankers and exporters, dealers at the Foreign Exchange said.
IBNS•Jan 17, 2023
Bank of India's Q3 Results: Profits move up by 12 percent
Kolkata/New Delhi: State-owned Bank of India posted a rise by 20% sequentially in Net Profit at Rs. 1151 crore in the quarter ended December 31, 2022 (Q3FY23), driven by a steady rise in operating margins 8% sequentially.
IBNS•Jan 17, 2023
Indian Market: Sensex jumps 562.75 pts
Mumbai: The BSE Sensex on Tuesday rallied 562.75 pts to close strong at 60,655.72 on the strength of Capital Goods, Realty, Utilities and Power stocks.
IBNS•Jan 17, 2023
Reliance Jio launches True 5G services across 16 cities in seven states
Hyderabad / Mumbai: Reliance Jio Infocomm Limited, a subsidiary of Jio Platforms Limited, on Tuesday announced the launch of its True 5G services across 16 cities in seven states including in Andhra Pradesh and Telangana.
IBNS•Jan 17, 2023
Rays Power Infra successfully commissions 275 MW (DC) Solar PV Project in Bangladesh
Jaipur / Dhaka: Rays Power Infra on Tuesday announced the commissioning of a 275 MW(DC) grid-connected solar power plant in Sundarganj region of Bangladesh.
IBNS•Jan 17, 2023
Airtel 5G Plus now live in 3 cities of Rajasthan
Jaipur: Leading telecommunication service provider brand Bharti Airtel on Tuesday announced the launch of its cutting edge 5G services in Jaipur, Udaipur and Kota.
IBNS•Jan 17, 2023
PepsiCo to expand Global Business Service Center in Hyderabad
Hyderabad/UNI: American Multinational food company PepsiCo on Tuesday announced it is planning to expand its Global Business Service center in Hyderabad of Telangana.
IBNS•Jan 17, 2023
Indian Market: Sensex bounces back by more than 200 points
Mumbai: The BSE Sensex on Tuesday jumped 277.33 pts at 60,370.30 in opening trade on the strength of Energy, FMCG and Financial services stocks.
IBNS•Jan 17, 2023
Government today thinks like a startup, relentlessly focusing on newer and better ideas to improve efficiency: Piyush Goyal
New Delhi: Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Monday said that the Government today thinks like a startup, relentlessly focusing on newer and better ideas and striving to saturate them throughout the country to improve efficiency, effectiveness, productivity, transparency and integrity of systems and processes.
IBNS•Jan 16, 2023
SBI signs MoU with WDRA for financing against e-NWR
Kolkata: India's largest lender State Bank of India (SBI), has exchanged a Memorandum of Understanding (MoU) with Warehousing Development and Regulatory Authority (WDRA).
IBNS•Jan 16, 2023
DroneAcharya Aerial Innovations expands operations in South East Asia
Kolkata: DroneAcharya Aerial Innovations Limited, an Indian drone service provider and DGCA - certified drone pilot training organization, on Monday announced that it is commencing operations in Thailand, in association with the Asian Institute of Technology (AIT).
IBNS•Jan 16, 2023
Coal India Limited's coal output through opencast mines up 18.6 pc
Kolkata: Coal India Limited's (CIL) composite production, the sum total of overburden removal (OBR) and coal output through opencast mines, went up by a sharp 18.6 percent to 1,439.6 million cubic metres (McuM) ending December FY’23, compared to the year-ago same period, CIL sources said on Monday.
IBNS•Jan 16, 2023
Mahindra launches its first C-Segment Electric SUV, the fun and fast XUV400, starting at INR 15.99 Lakh
Mumbai: Mahindra & Mahindra Ltd, pioneers of the SUV segment in India, on Monday announced pricing for the fun and fast XUV400, its first electric SUV, unveiled on World EV Day in 2022.
IBNS•Jan 16, 2023
NTPC REL sign MoU for collaboration in renewable energy development in Tripura
New Delhi: NTPC Renewable Energy Ltd (NTPC REL) signed a Memorandum of Understanding (MoU) with Government of Tripura on Monday in New Delhi for Development of Floating and Ground Mounted based Renewable Energy Projects in the State of Tripura.
IBNS•Jan 16, 2023
Ducati launches a brand new official dealership in Chandigarh
Chandigarh: Luxury Motorcycle brand Ducati today inaugurated a brand new state-of-the-art dealership in Chandigarh.
IBNS•Jan 16, 2023
Indian Market: Sensex falls 168.21 pts
Mumbai: The BSE Sensex on Monday slipped 168.21 points to close at 60,092.97 as selling was seen in Telecommunication Services, Metal and Capital Goods stocks.
IBNS•Jan 16, 2023
Maruti Suzuki increases prices of vehicles by 1.1 pc
New Delhi: Automobile giant Maruti Suzuki on Monday announced hike in prices of vehicles across models by about 1.1 per cent.
IBNS•Jan 16, 2023
Wholesale inflation eases to 4.95 pct
New Delhi: The wholesale price-based inflation moved down by 4.95 percent in the month of December, as per official data released by the government on Monday.
IBNS•Jan 16, 2023
Swiggy announces free and fast, on-demand ambulance service for delivery executives and their dependents
Kolkata/IBNS: Swiggy, India’s on-demand convenience platform, has launched an immediate and free ambulance service for all its active delivery executives and their dependents in the case of emergencies.
IBNS•Jan 16, 2023
Airtel 5G Plus now live in 7 cities of Uttar Pradesh
Agra: Telecommunication provider Bharti Airtel on Monday announced the launch of its cutting edge 5G services in Agra, Meerut, Gorakhpur, Kanpur, Prayagraj.
IBNS•Jan 16, 2023
Secure Your Future – Choose The Right Term Insurance Policy
Term insurance is an often overlooked yet essential component of a comprehensive financial plan. It provides low-cost, high-coverage protection for individuals and families for a specified duration.
IBNS•Jan 16, 2023
Yes Bank launches Yes Private Debit Card for ultra HNI Customers
Yes Bank, in partnership with Mastercard, has announced the launch of Yes Private Debit Card for the Bank’s ultra-high net worth individual (UHNI) customers.
IBNS•Jan 16, 2023
BTL EPC Ltd bags order worth Rs. 446 crores from BHEL for Ash Handling System in Telangana
Kolkata: BTL EPC Ltd, the engineering division of the Kolkata-based Shrachi Group, has secured an order from BHEL for setting up of the Ash Handling System for 5 x 800 MW TSGENCO (Telangana State Power Generation Corporation Limited) Super Critical Thermal Power Plant at Yadadri in Nalgonda district, Telangana, at a job value of Rs. 446 crores including GST.
IBNS•Jan 16, 2023
China launches 14 satellites atop Long March-2D rocket
Beijing: China successfully orbited 14 research satellites atop a Long March-2D carrier rocket, the China Aerospace Science and Technology Corporation (CASC) said on Sunday.
IBNS•Jan 15, 2023
Maharashtra: Trump company to invest Rs 300 cr, says minister Uday Samant
Stuttgart/Mumbai/UNI: Maharashtra State Industries Minister Uday Samant Sunday informed that the Trump company will invest about Rs 300 crore in Maharashtra in the next two years.
IBNS•Jan 15, 2023
Coal Ministry offers relaxation in revision of Performance Bank Guarantee
New Delhi/IBNS: The coal ministry the first revision in the Performance Bank Guarantee (PBG) would be done upon the grant of mine opening permission for the respective coal mines following the demand from the industry and to promote Ease of Doing Business (EoDB).
IBNS•Jan 15, 2023
Adidas loses legal battle to Thom Browne over stripes trademark
New York/IBNS: Sportswear brand Adidas Friday lost a trademark infringement legal battle against American luxury fashion brand Thom Browne Inc.
IBNS•Jan 14, 2023
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