Tiago.ev now starts at a price of INR 8.69 Lakh
Mumbai: Automobile major Tata Motors on Friday announced the new price of the Tiago.ev, bringing to an end the launch pricing offered to its first 20,000 customers.
Finance
Yahoo to layoff 20 percent staff
New Delhi: IT major Yahoo has said it will layoff 20 percent of the total workforce as part of a major restructuring of its ad tech unit, media reports said.
Volvo Car India appoints Dipankar Mukherjee as head of marketing & PR
Kolkata/IBNS: Volvo Car India has appointed Dipankar Mukherjee as Head of Marketing & PR, the company said in a press release.
Adani Wilmar denies reports of GST raid on Parwanoo unit in HP; says 'no irregularities found', company not required to pay tax in cash
Mumbai/IBNS: Amid reports of a raid by the Himachal Pradesh State Excise Department on a unit of the Adani Group in Parwanoo late Wednesday, the firm said in a statement on Thursday that “the officials did not find any irregularities in the operations and dealings conducted by the company.”
Ola's first electric car on track, likely to hot market in 2nd half of 2024
Bengaluru: Electric-scooter maker Ola Electric Mobility Pvt. is moving ahead on its plan to deliver its first four-wheel vehicle in the second half of 2024, Bloomberg reported citing the company’s Chief Financial Officer G.R. Arun Kumar.
RBI to launch pilot project on QR code-based coin vending machines
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday that the apex bank would launch a pilot project on QR code-based coin vending machines (QCVM).
Adani Group to prepay $500 million loan due next month: Report
The Adani Group is looking to prepay a $500 million loan due next month to a consortium of banks as the Gautam Adani-led conglomerate looks to bolster its finances following a short seller attack, Bloomberg reported.
Adani Power's Q3FY23 net profit dips 96 pc y-o-y to Rs 8.7 cr
Mumbai: Adani Power, a part of Adani Group, on Wednesday said its consolidated net profit dipped 96 percent year-on-year Rs 8.7 crore for Q3FY23.
TotalEnergies pauses participation in Adani Group's hydrogen project
French company Total Energies, the biggest investor in Adani group, Wednesday said it has put on hold participation in the conglomerate’s $50 billion hydrogen project until the results of an audit launched following US short-seller Hindenburg Research’s accusations, according to a report in the media.
RBI hikes repo rate by 25 bps to 6.5 %, pegs FY24 inflation at 5.6%: Experts react
Mumbai/IBNS: The Reserve Bank of India on Wednesday hiked the repo rate by 25 basis points to 6.50 percent in line with the expectations of the experts. However, it didn’t indicate an end to tightening its stance contrary to the market expectations.
Indian Market: Sensex advances 377.75 pts
Mumbai: The benchmark index of Bombay Stock Exchange rallied 377.75 pts to close at 60,663.79 following gains in Commodities, Health Care, IT and Technology stocks along with rising Repo Rates in RBI Monetary policy announced on Wednesday.
Airtel announces strategic partnership with Vultr to deliver cloud solutions to enterprises
New Delhi: Telecom service provider Bharti Airtel and Vultr, a privately-held cloud computing company, on Wednesday announced a strategic partnership to offer cloud solutions to enterprises in India.
Federal Bank disburses the largest amount of climate loans
Mumbai: Federal Bank was awarded the Certificate of Achievement by the International Finance Corporation (IFC), a World Bank Group in recognition of Climate Financing Leadership in the South Asia Region (CSA) during FY 22 for having disbursed 332.9 million USD, making it the largest amount of climate loans disbursed.
Aditya Birla Housing Finance launches #ApnaGhar campaign
Kolkata: Positioning itself as an enabler of dreams, Aditya Birla Housing Finance Ltd. (ABHFL), the Housing Finance arm of Aditya Birla Capital Ltd., rolled out its #ApnaGhar campaign.
Credit Access Grameen Ltd's Q3 net profit surges 85 pct YoY to Rs 217 cr
Bengaluru: Credit Access Grameen Limited, a non-banking financial company-Micro Finance Institution (NBFC-MFI), on Tuesday announced its unaudited and limited reviewed financial performance for the third quarter and nine months of the period ended 31 December 2022 where it registered a total income of Rs. 909.72 crores.
RBI increases repo rate to 6.5 pct
Mumbai: RBI Governor Shaktikanta Das on Wednesday announced the decision to hike repo rate by 25 basis points to 6.5 percent.
Indian Market: Sensex moves up by over 200 pts
Mumbai: The BSE Sensex on Wednesday surged 254.86 points at 60,540.90 in opening trade ahead of RBI Monetary policy today.
NielsenIQ successfully concludes first phase of expansion in Chennai facility; hires 2500 people
Kolkata: NielsenIQ, a global information services company, has announced completion of the first phase of expansion program in Chennai Hub.
Paytm Payments Bank collaborates with NPCI to introduce ‘RuPay Credit Card on UPI’
Kolkata: Paytm Payments Bank Limited (PPBL), on Tuesday announced that it has collaborated with NPCI to introduce ‘RuPay Credit Card on UPI’, thus enabling users to link RuPay credit cards to UPI for all merchant payments.
Air India Group announces steps towards network optimisation
New Delhi: Air India Tuesday announced its latest step towards optimisation of its network following the full subsidiarization of Air Asia India in November 2022.
RIL unveils India’s first Hydrogen Combustion Engine technology for heavy-duty trucks
Mumbai/IBNS: Prime Minister Narendra Mondi on Tuesday flagged off India’s first heavy-duty trucks with India’s first Hydrogen Internal Combustion Engine technology solution at the India Energy Week in Bangalore.
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.
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.
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.
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.
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.
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.
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.
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.
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.