ICICI Prudential Life Insurance Company’s AUM crosses Rs 2.5 lakh cr
ICICI Prudential Life Insurance Company has crossed 2.5 lakh crore in Assets under Management (AUM), the company said Thursday.
Finance
RBI flags concern over rising subsidies by states, says will hinder developmental and capital spending
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.
Reliance Consumer Products to acquire Lotus Chocolate Company
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.
Mukesh Ambani's youngest son Anant gets engaged to Radhika Merchant, wedding announcement soon
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.
Banks' balance sheet jumps in double digits after 7 years, says RBI report
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.
More FDI in services than manufacturing despite Centre's Make-in-India push
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.
Airtel 5G Plus now live in Jammu, Srinagar: Official
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.
Pvt banks top PSBs in total credit share
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.
IT ministry appointed nodal agency for online gaming in India
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.
CIL's coal quality till Nov 2022 goes up to 69 pc in FY23
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.
Power ministry signs MoU with DRDO to develop early warning systems for vulnerable hydropower projects
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.
ADB approves $125 million loan to build climate-resilient sewage and water supply systems in Tamil Nadu
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.
Total govt debt widens to Rs 147.19 lakh crore in Q2FY23
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.
Senco Gold & Diamonds launches two new showrooms in Mumbai
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.
Volkswagen India expands its network in Andhra Pradesh, with a new sales & service touchpoint in Rajahmundry
Rajahmundry: Volkswagen Passenger Cars India on Monday announced the inauguration of a new state-of-the-art sales & service touchpoint in Rajahmundry.
Rungta Mines commissions Wire Rod Mill
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.
Court grants CBI 3-day custody of Ex-ICICI Bank CEO Chanda Kochhar, husband Deepak Kochhar in Videocon loan fraud case
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.
Indian Railways issues Letter of Award for manufacturing and maintenance of 9000 HP Electric freight locos to Siemens
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.
Consumer empowerment is going to be a paramount feature of a developed India: Piyush Goyal
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.
Cabinet approves MSPs for copra for 2023 season
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.
Over 7.5 lakh EVs supported under Phase-II of FAME India Scheme till Dec 19: Govt
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.
Radhika and Prannoy Roy exit NDTV, transfer 27 pc stake to Adani Group
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.
SBI Funds Management Ltd appoints Shamsher Singh as MD & CEO
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.
Ex-ICICI Bank CEO Chanda Kochhar, husband Deepak arrested in loan fraud case
New Delhi: The Central Bureau of Investigation (CBI) Friday arrested former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar in connection with a case linked to alleged irregularities in an over Rs. 3,000-crore loan provided to the Videocon Group when she was heading the private sector bank.
NSE to set up Social Stock Exchange (SSE) as a separate segment
Mumbai/IBNS: The National Stock Exchange of India (NSE) has received in-principle approval from the Securities Exchange Board of India (SEBI) to set up a Social Stock Exchange (SSE) as a separate segment of the NSE.
Airtel 5G Plus now live in Pune
Pune: Bharti Airtel, a leading telecommunications services provider, on Friday announced the launch of its cutting edge 5G services in Pune.
FMCG brand Rasna enters the health and wellness products sector with new sub-brand
Kolkata/IBNS: Rasna Private Limited (Rasna), one of the popular FMCG brands of India, catering to a global market, recently launched a sub-brand called 'Rasna Healthy Day' to enter the health and wellness products sector.
JK Paints and Coatings acquires 60 pc stake in Acro Paints for Rs 153 crore
Mumbai/IBNS: JK Paints and Coatings Ltd, a wholly owned subsidiary of JK Cement Ltd, has entered into a share purchase agreement with Acro Paints Ltd. and its shareholders to acquire a 60 percent controlling stake in the company.
NTPC and GE Power sign MoU to reduce carbon intensity from NTPC’s coal-fired units
New Delhi/IBNS: NTPC, India's largest power-generating utility, and GE Power India, Wednesday signed a Memorandum of Understanding (MoU) for the feasibility to demonstrate technologies to reduce the carbon footprint of NTPC’s existing coal-fired power plants
Maruti Suzuki inks pact with Kamarajar Port to export passenger vehicles
New Delhi/UNI: Maruti Suzuki has signed an agreement with Kamarajar Port Limited for export of passenger vehicles to global markets.