Business and financial news
Hyderabad/ Mumbai: Telangana Minister for Industries K T Rama Rao (KTR) on Thursday assured JSW steel Chairman and MD Sajjan Jindal of complete cooperation if the company sets up a steel factory in Bayyaram in the state.
Mumbai: Citroën India Friday announced a strategic partnership with Jio-bp, a fuels and mobility joint venture between Reliance Industries Limited (RIL) and bp to build EV infrastructure and services across its network.
Mumbai: India’s forex reserves dropped by $1.268 billion to $561.583 billion for the week ended January 6, the Reserve Bank of India said Friday.
New Delhi: The Centre has set a target for use of hydrogen as a fuel for certain industries as a step towards achieving its clean energy target by 2070, Reuters reported.
Mumbai: New Delhi Television (NDTV) said Friday that some more of its senior executives have resigned, Reuters reported.
New Delhi/IBNS: Approximately 18 lakh people living in about 900 villages in the proximity of coal mining areas are being benefitted by water discharged from the operational as well as abandoned coal mines, the Coal Ministry said.
New Delhi: The National Company Law Tribunal (NCLT) has given nod to transfer the ownership of grounded Jet Airways to the Jalan Kalrock Consortium (JKC), which had won the bid to revive the carrier in 2021, media reported.
Bengaluru/IBNS: Soft Bank-backed ride-hailing and EV manufacturing company Ola has laid off around 200 employees, media reported.
Shillong: Digital India Startup Hub through the Software Technology Parks of India shall set up India’s first Centre of Excellence in Online Gaming at Shillong by March 2023, said The Minister of State for Electronics & Information Technology and Skill Development & Entrepreneurship, Rajeev Chandrasekhar.
Bengaluru: Wipro's net profit in December quarter rose 2.8 per cent annually to Rs 3,053 crore from Rs 2,969 crore in the same quarter last year.
Bhagalpur: Telecommunication service provider Bharti Airtel on Friday announced the launch of its 5G services in Muzaffarpur, Bodh Gaya and Bhagalpur. Airtel’s 5G services are already live in Patna.
Mumbai: Larsen & Toubro, an Indian multi-national engaged in EPC Projects, Hi-Tech Manufacturing, and Services, announced on Friday the signing of a Memorandum of Understanding (MoU) with the Norway-based H2Carrier (H2C) to co-operate towards developing floating green ammonia projects for industrial-scale applications with an aim to decarbonise the global economy.
Ranchi/UNI: Bharti Airtel (Airtel), India’s leading telecommunications services provider, on Friday announced the launch of its cutting edge 5G services in Ranchi and Jamshedpur.
Mumbai/UNI: The BSE Sensex remained negative on Friday too, as the BSE sensex tumbled down 264.28 points at 59,693.75 in opening trade as selling was seen in Realty, Technology, Bankex and Capital Goods stocks.
Mumbai/UNI: The Rupee on Friday gained 16 paise at 81.38 in the opening trade against the US Dollar on selling of US Dollars by bankers and exporters, dealers at Foreign Exchange said.
New Delhi/Washington DC: Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Thursday said the India US Trade Policy Forum has resulted into a smoother, friendly and trusted business environment for businesses from both sides to expand their trade and investment.
Mumbai: ESOPDhan, a newly founded financial services firm, which seeks to ease the acquisition of stock options by employees of high-growth SaaS start-ups, is all set to unveil its lending offerings.
New Delhi/IBNS: Credit ratings agency ICRA anticipates that the Indian government will peg its fiscal deficit in the FY24 Budget estimates at 5.8% of the GDP, a healthy moderation from the 6.4% of GDP projected for FY2023.
Mumbai/UNI: The BSE Sensex on Thursday slightly improved 25 points at 60,130.71 in opening trade as buying was seen in Commodities, Consumer Discretionary Goods and services and Industrials stocks.
Indore (MP): Adani Group will invest over Rs 60,000 crore across several sectors in Madhya Pradesh which would result in thousands of jobs, said Pranav Adani, director at Adani Enterprises on Wednesday.
Mumbai: The Bombay High Court on Wednesday allowed Johnson & Johnson to manufacture, distribute and sell its baby powder products, quashing the Maharashtra government’s order cancelling its licence and halting the production and sale of the item, according to a report in the media.
Kolkata: NASSCOM, the premier trade body of IT and ITeS sector, on Wednesday announced its Bengal Entrepreneurs’ Summit on Technology carnival will take place on Jan 19 in Kolkata where more than 400 companies will partcipate.
Mumbai/IBNS: The government has extended the tenure of State Bank of India (SBI) Managing Director Challa Sreenivasulu Setty for two more years with effect from January 20.
New Delhi/IBNS: Non Resident Indians (NRIs) from 10 countries, who hold NRE or NRO accounts, will be able to use Unified Payments Interface (UPI) platforms with their international mobile numbers.
New Delhi/IBNS: Direct Tax collections up to January 10, 2023, stood at Rs. 14.71 lakh crore, up 24.58% compared to gross collections for the corresponding period of last year, the Ministry of Finance said on Wednesday.
New Delhi/IBNS: Croma, Tata Group’s omnichannel electronics retailer, announced Unboxed 2022 – a collection of unique insights on croma.com from 2022—reflecting a fast-changing lifestyle and rapidly evolving tastes and preferences across the consumer spectrum.
New Delhi/IBNS: The Executive Committee (EC) meeting of the National Mineral Exploration Trust (NMET) under the ministry of mines approved projects of mineral exploration and enhancing institutional capabilities in exploration worth Rs 154.84 crores.
New Delhi/IBNS: The Union Cabinet Wednesday approved the incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (person-to-merchant) for a period of one year from April 2022.
New Delhi: Building on its commitment towards sustainable motoring, Maruti Suzuki India Limited on Wednesday showcased the Concept Electric SUV eVX at Auto Expo 2023.
Mumbai/UNI: The Rupee on Wednesday rose marginally by three paise at 81.75 in the opening trade against the US Dollar on selling of US Dollars by bankers and exporters, dealers at Foreign Exchange said.
Get the latest news delivered to your inbox
Connect with us on social media
