Business and financial news
Mumbai/IBNS: Tata Sons chairman N Chandrasekaran will lead the new Economic Advisory Council of Maharashtra, the state government said on Thursday.
Mumbai/IBNS: India’s forex reserve contracted for the second consecutive week to $562.81 billion as on December 23, 2022, from $563.499 billion owing to the sharp rise in the cost of imported goods Reserve Bank of India (RBI) said on Friday.
New Delhi/IBNS: Centre’s fiscal deficit at the end of November touched 59 percent of the full-year budget target, showed the data released by the Controller General of Accounts (CGA) on Friday.
Mumbai: The Reserve Bank of India (RBI) is working on alternate solutions if the European markets’ regulator withdraws recognition of the Indian central bank’s counterparties.
New Delhi/IBNS: Centre raised the interest rates on a bouquet of small-term deposits on Friday.
New Delhi: The combined Index of Eight Core Industries increased by 5.4 per cent (provisional) in November 2022 as compared to the Index of November 2021, government data released on Friday revealed.
Bengaluru/IBNS: Bridgestone India, part of tyre-maker Bridgestone Group, has partnered with Blume Ventures to leverage the start-up eco-system of India in the mobility solutions space.
ICICI Prudential Life Insurance Company has crossed 2.5 lakh crore in Assets under Management (AUM), the company said Thursday.
Mumbai/IBNS: The Reserve Bank of India (RBI) expressed concern over the increase in subsidies announced by the states underscoring the adverse impact on their financial health.
Mumbai/UNI: Reliance Consumer Products Limited (RCPL), a wholly owned subsidiary of Reliance Retail Ventures Limited (RRVL), will acquire 51 percent controlling stake in Lotus Chocolate Company (Lotus) for Rs 74 crore and also make an open offer to acquire upto 26 percent.
Mumbai/IBNS: Billionaire industrialist Mukesh Ambani and his wife Nita's youngest son Anant Ambani got engaged to Radhika Merchant, the daughter of Viren and Shaila Merchant on Wednesday, in the presence of close family and friends.
Mumbai/IBNS: The balance sheet of Indian banks continued to improve in the financial year 2021-22 showing a double-digit growth after a span of seven years, the Reserve Bank of India (RBI) said in its annual report on the trend and progress of banking in India.
New Delhi/UNI: Foreign direct investment (FDI) into India's services sector rose to US$ 153.01 bln in the April 2014 to March 2022 period from US$ 80.51 bln during April 2000 to March 2014, rating firm India Ratings and Research (Ind-Ra) said in a report on Wednesday.
Jammu/UNI: Bharti Airtel, India's one of the leading telecommunications services providers, on Wednesday announced the launch of its cutting edge 5G services in Jammu and Srinagar.
New Delhi/IBNS: The private banks in the country have disbursed more credit than their state-owned peers in the second quarter ended September 2022, increasing their share to 38.4 percent from 37.5 a year ago, according to an RBI report.
New Delhi/IBNS: The Ministry of Electronics and Information Technology (MeitY) has been appointed as the nodal ministry for online gaming in India while the Department of Sports, under the Ministry of Youth Affairs and Sports (MYAS) has been notified as the nodal agency for e-sports.
New Delhi/IBNS: There has been substantial improvement in conformity to the declared grade of coal supply from Coal India Ltd (CIL) sources with grade conformity jumping to 69 percent as of November 22 this fiscal, the ministry of coal said Tuesday.
New Delhi/IBNS: The Union power ministry signed a Memorandum of Understanding (MoU) with the Defence Research and Development Organization (DRDO) on Tuesday for the implementation of an Early Warning System (EWS) for vulnerable hydropower projects.
New Delhi/IBNS: The Indian government and Asian Development Bank (ADB) Tuesday signed a $125 million loan to develop climate-resilient sewage collection and treatment, and drainage and water supply systems in three cities in Tamil Nadu.
New Delhi/IBNS: The government’s total liabilities widened to Rs 147.19 lakh crore at the September-end from Rs 145.72 lakh crore at the end of June this financial year, according to the latest finance ministry data.
Mumbai: Senco Gold & Diamonds, the largest organized jewellery retailer in Eastern India (based on the number of stores) announced the expansion of its footprint in Maharashtra with the launch of two new showrooms, located in Borivali West and Vashi.
Rajahmundry: Volkswagen Passenger Cars India on Monday announced the inauguration of a new state-of-the-art sales & service touchpoint in Rajahmundry.
Kolkata: Rungta Mines Limited, India’s leading player in steel manufacturing and mining, on Monday announced commissioning of Rungta Steel Wire Rods mills at Chaliyama steel Plant in Jharkhand.
Mumbai: A special Mumbai court Saturday granted three-day custody of former ICICI Bank CEO Chanda Kochhar, and her husband, Deepak Kochhar to the Central Bureau of Investigation (CBI) in a loan fraud case.
New Delhi/IBNS: Indian Railways has issued the Letter of Award (LoA) for manufacturing and maintenance of 9000 HP Electric Freight Locomotives to Siemens, India, the Ministry of Railways said Saturday.
New Delhi: Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Saturday emphasised that the consumer empowerment is going to be a paramount feature of a developed India and called for keeping consumers at the centre of all the initiatives.
New Delhi/IBNS: The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved Minimum Support Prices (MSPs) for copra for the 2023 season.
New Delhi/IBNS: Under Phase-II of the Faster Adoption and Manufacturing of Electric Vehicles (FAME India) Scheme, 7,66,478 Electric Vehicles (EVs) have been supported till December 19, 2022, by way of Demand Incentive amounting to about Rs 3,311 crore, Union Minister Krishan Pal Gurjar said Friday.
Mumbai/IBNS: New Delhi Television Pvt Ltd (NDTV) promoters Radhika and Prannoy Roy on Friday said they are transferring most of their shares in the new organisation to Adani Group.
New Delhi/IBNS: SBI Funds Management Limited (SBIFML), a joint venture between the State Bank of India and Amundi, Europe’s largest asset manager, Thursday announced the appointment of Shamsher Singh as MD & CEO of SBI Funds Management Limited.
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