Business and financial news
Shanghai: Soon after Chinese business magnate Jack Ma resurfaced in Thailand after making appearances in Japan, Ant Group, in which he had a controlling stake, said its billionaire founder has ceded all voting power.
Washington: Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report.
Bengaluru: In a development that could give India its first domestic iPhone maker, Tata Group is close to completing a deal to buy an iPhone plant in southern India from Taiwan’s Winstron Corp, media reports said.
Guwahati/IBNS: Assam Chief Minister Himanta Biswa Sarma Tuesday launched Jio True 5G services in the state at an event held in Guwahati.
Union Finance Minister Nirmala Sitharaman on Tuesday underscored the contribution of the Non-Resident Indians while stating that the inward remittances for the year 2022 increased by 12 percent to about USD 100 billion, said media reports.
New Delhi/IBNS: State-run Northern Coalfields Limited (NCL) is all set to produce ‘M-Sand’-the core material used in construction in civil works in its Amlohri Project.
Mumbai/IBNS: The SIP contribution in December 2022 increased to Rs 13,573.08 crores from Rs 13,306.49 crores in November 2022, monthly data released by the Association of Mutual Funds in India (AMFI) shows.
Mumbai/IBNS: The Reserve Bank of India (RBI) has granted in-principle approval to payment solutions provider Hitachi Payment Services to operate as a payment aggregator, the company said Tuesday.
Srinagar: The Jammu and Kashmir government has announced that certain important products, which are grown in the UT, will be identified as GI-tagged to help in developing the rural economy.
Kolkata: Bank of India, one of the largest Public Sector Banks in India, has revised interest rates upwards for special term deposit bucket of 444 days with effect from Tuesday for deposits below Rs 2 crores.
Hyderabad/UNI: All India Bank Employees' Association (AIBEA) has appealed to State Federations/Unions to extend All-out Support to the strikes called by the Unions in Bank of Maharashtra (BoM) in January and February.
Moirang: Union Home Minister Amit Shah inaugurated and laid foundation stone of 21 development projects worth about Rs 1,311 crore last week at Moirang, Manipur.
New Delhi: Union Minister for MSME Narayan Rane has said Tripura is a land of agrarian products and has great potential for MSMEs in food processing industries.
Mumbai: Automobile major Tata Motors Group global wholesales in Q3FY23, including Jaguar Land Rover, were at 3,22,556 nos., higher by 13%, as compared to Q3FY22.
Hyderabad: All India Bank Employees' Association (AIBEA) has appealed to State Federations/Unions to extend All-out Support to the strikes called by the Unions in Bank of Maharashtra (BoM) in January and February.
Kolkata: The 24th CABLE TV SHOW 2023 Kolkata - one of the largest trade shows on digital cable television, broadband and OTT in India and the Saarc region – is set to take off from Jan 11 at Science City, Kolkata, on a much bigger and grander scale with more exhibition space and participants.
Dhaka: TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers in the world, on Monday announced the launch of its TVS Metro Plus 110 refresh in Bangladesh.
Gurugram: Automobile major MG Motor India on Monday unveiled the Next-Gen Hector which has a host of exciting new technologies, intuitive features and driving comfort.
Mumbai: Mahindra & Mahindra Ltd., pioneers of the SUV segment in India, today introduced an all-new range on the Thar.
Bangalore: Automobile major Toyota Kirloskar Motor (TKM) on Monday announced the opening of bookings for its iconic lifestyle utility vehicle - The Hilux.
Mumbai/IBNS: In a major reprieve for arrested former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar, the Bombay High Court Monday granted bail to the duo holding that their arrest by the CBI in the Videocon loan fraud case was not in accordance with law, media reports said.
Srinagar: The Jammu and Kashmir government is implementing ‘Promotion of Round the Year Mushroom Cultivation’ (PRYMC) project across the UT which is expected to prosper the lives of farmers.
Manila: The Asian Development Bank (ADB) recently approved a $300 million loan to upgrade more than 300 kilometers of state highways and major district roads in Assam, including six road sections in the state’s western, central, and southern regions.
Imphal: The first Emoinu Fish Festival, 2023 organized by the Department of Fishery at Hapta Kangjeibung on the day of Emoinu Festival witnessed the sale of 51,362 Kgs of different species of fish, media reports said.
Mumbai/IBNS: The Reserve Bank of India on Friday notified indicative dates for India's first-ever sales of Sovereign Green Bonds (SGrB) worth Rs 16,000 in two equal tranches on January 25 and February 9 of the current financial year.
New Delhi/IBNS: India's GDP is likely to grow at 7 percent in the current financial year 2022-23, according to the first advance estimates released by the government Friday evening.
New York/IBNS: Video hosting company Vimeo will lay off 11 percent of its employees amid “an uncertain economic environment” to invest in our growth priorities and be sustainably profitable, the company’s CEO Anjali Sud said in a blog post.
Hissar: Telecommunication major Bharti Airtel on Friday announced the launch of its cutting edge 5G services in Hissar and Rohtak.
Goa/IBNS: Celebi India commenced ground-handling services in Goa with the opening of Manohar International Airport (MIA) at Mopa, North Goa.
New Delhi: The Indian government has imposed a tax of $ 1 billion on Walmart and digital payments company PhonePe for shifting the latter’s base to India from Singapore, Bloomberg reported.
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