Business and financial news
New Delhi/IBNS: Tata Sons Chairman N Chandrasekaran has been appointed by the government as the Chair of B20 India, the official G20 dialogue forum with the global business community.
Mumbai: The BSE Sensex on Wednesday tumbled down 215.68 points to settle at 62,410.68 because of RBI' s hawkish stand in bi-monthly RBI policy alongwith weak Asian Market.
Mumbai/UNI: The Reserve Bank of India (RBI) on Wednesday raised policy repo rate by 35 basis points (bps) to contain inflation which has been above its tolerance level.
Mumbai: Firoz Mistry, 26, and Zahan Mistry, 24, sons of the late Cyrus Mistry have formally joined the Shapoorji Pallonji (SP) Group, Economic Times reported.
New Delhi: Gautam Adani, the chairman of Adani Group, is among the three Indian billionaires to feature in Forbes' philanthropy list this year, media reports said.
Fitch Ratings has retained India's economic growth forecast at 7 percent for the current fiscal (FY23).
Ahmedabad: Former Union minister and economist Yoginder K Alagh passed away at his residence in Ahmedabad on Tuesday, reported The Indian Express.
E-commerce hub Amazon might lay off around 20,000 employees, including corporate executives, in the upcoming months, media reports said on Wednesday.
Mumbai: The Reserve Bank of India on Wednesday announced that the repo rate has been hiked by 35 basis points to 6.25 percent.
New Delhi/IBNS: The Centre will allow a consortium of foreign funds and investment firms to buy and own over 51 percent of IDBI Bank Ltd, the government clarified on Tuesday, said a media report.
New Delhi: India’s total coal production increased by 11.66 percent to 75.87 Million Tons (MT) from 67.94 MT during November 2022 as compared to November 2021, the Ministry of Coal said Tuesday.
New Delhi/IBNS: The 4-lane Dimapur to Kohima Road (Package-I) in Nagaland will be completed this year, Union Road Transport Minister Nitin Gadkari said Tuesday.
New Delhi: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis Long Duration Fund.
New Delhi: PayNearby,a branchless banking and digital network,on Tuesday said that there was a growth of 25 percent and 14 percent in value and volume respectively, in assisted financial transactions across semi-urban and rural retail counters in India in 2022.
Mumbai/UNI: The Rupee on Tuesday slid 43 paise, breaching 82 level at 82.22 against the US Dollar on rising demand for US Dollars by bankers and importers, dealers at Foreign Exchange said.
Pune: India’s first and fast-growing electric motorcycle manufacturer, Tork Motors has partnered with CredR for a first-of-its-kind offer for an electric two-wheeler.
New Delhi: The State Bank of India surpassed the milestone of Rs. 5 Trillion Personal Banking Advances on November 30, 2022.
New Delhi/UNI: SpiceJet on Monday said that the International Civil Aviation Organisation (ICAO) has found the operations, safety processes and systems of the budget carrier 'strong' in its audit.
New Delhi: The government on Saturday notified the electoral bond scheme 2018.
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Former Reserve Bank governor Raghuram Rajan Friday warned that the global economy could go back to a low inflation regime and central bankers implementing restrictive monetary policies should keep that in mind, according to a Bloomberg report.
New Delhi/IBNS: The Power Ministry Friday announced a waiver of Inter-State Transmission system (ISTS) charges on the transmission of electricity generated from new hydro-power projects for 18 years.
New Delhi: The Civil Aviation Ministry Friday notified the operational guidelines for the Production Linked Incentive (PLI) scheme for drones and drone components.
New Delhi/IBNS: With a production of 1.2 lakh tones of Manganese ore in November 2022, state-owned miner MOIL has registered a significant growth of 60 percent over the previous month, the Ministry of Steel said Friday.
New Delhi/IBNS: The National Payments Corporation of India (NPCI) has extended the deadline for Unified Payments Interface (UPI) players to comply with a market cap of 30 percent by two years to December 31, 2024.
New Delhi/IBNS: India’s coal production increased impressively by 17.13 percent to 524.20 Million Ton (MT) during April –November 2022 as compared to 447.54 MT production during the same period of the previous year, the Ministry of Coal said Friday.
Kolkata: Sohan Lal Commodity Management (SLCM), India’s leading comprehensive service provider in the global post-harvest space for agricultural commodities has received the prestigious “Sustainable Agriculture Awards” 2022 from FICCI, India’s oldest and largest industry association catering to diverse business domains.
New Delhi: The total approximate earnings of Indian Railways on originating basis during April to November 2022 is Rs. 43324 Crore, registering an increase of 76 per cent in comparison to Rs. 24631 Crore achieved during the same period last year.
New Delhi: Ahead of the bi-monthly meeting of the RBI’s Monetary Policy Committee (MPC), the ASSOCHAM has urged the MPC to moderate interest rate hikes.
Washington/UNI: Twitter owner and US billionaire Elon Musk said on Friday that he suspended the Twitter account of American rapper Ye, formerly known as Kanye West, due to another violation of rule against incitement to violence following his now-deleted tweet featuring a swastika.
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