Business and financial news
New Delhi/IBNS: Various Central ministries are working together to transport coal to power plants via sea route to prevent a fuel and power crisis similar to the summer of 2022, media reports said.
Mymbai: Bakery and dairy products maker Britannia Industries recently entered a joint venture with Bel SA of France to boost its cheese business and foray into some neighbouring markets, ET report.
Bhubaneswar/IBNS: Odisha Chief Minister Naveen Patnaik and Jindal Stainless MD Abhyuday Jindal Thursday laid the foundation stone of a stainless steel industrial park through a virtual ceremony held in Bhubaneswar.
Mumbai/IBNS: Skoda Auto India sold 4,433 units in November this year, resulting in a 102 percent year-on-year (YoY) jump in sales.
Mumbai/IBNS: Reserve Bank of India's (RBI) retail central bank digital currency (CBDC) pilot kicked off on Thursday (Dec. 1), a month after India's central bank launched the wholesale version for the same.
Stanlow (UK): Essar Oil UK Limited Wednesday announced its plan to build a £360 million major new carbon capture plant at its Stanlow refinery in line with its ambition to become a leading low-carbon refinery by 2030, the company said.
Mumbai/UNI: Conversational AI platform SwiftChat and Google Thursday launched Read Along, a speech-based reading tool, as a bot on their platform.
Loan against property is a type of secured loan wherein you pledge your residential or commercial property as collateral to a financial institution in exchange for a loan. It can help an individual take care of their financial needs and higher the value of the collateral, higher the amount that will be sanctioned. As long as the property is in your name, you can get a loan. In case the property to be offered as collateral is disputed, the chances for the application being rejected is high.
Washington/UNI: Twitter owner and US billionaire entrepreneur Elon Musk said that the social media platform has begun blocking fake and spam accounts, which may result in decreasing the number of followers for Twitter users.
Remittances by migrant workers from India are likely to hit a record $100 billion this year.
New Delhi: India’s core sector recorded a growth of a meager 0.1 percent in October compared to an 8.7 percent growth in the same month in the previous fiscal.
Kolkata/IBNS: A true leader in an organisation overcomes biases to create a team that is effective and eventually run things successfully, said Prof. Himanshu Rai, Director IIM Indore, at a leadership workshop here.
New Delhi: The Centre’s fiscal deficit stood at 4.7 percent of GDP in the first six months of FY23.
Bengaluru/IBNS: Eminent businessman and vice-chairman of Toyota Kirloskar passed away after suffering a cardiac arrest late Tuesday. He was 64.
New Delhi: India and Australia free trade agreement will come into force from December 29, commerce and industry minister Piyush Goyal tweeted on Wednesday.
New Delhi/IBNS: India’s Gross Domestic Product (GDP) grew at 6.3 percent in the Q2FY23 year-on-year, according to data released by the government on Wednesday.
Kolkata: SBM Bank India and Open Financial Technologies Pvt Ltd today announced a strategic partnership for launching Asia’s first end-to-end Embedded Finance platform- Zwitch- to offer a no-code, low-code and full-stack API solution that enables fintechs to build their own financial products using Zwitch’s technology stack, comprising of a drag-drop dashboard, low code plugins along with 300+ APIs. Non-fintechs like SaaS platforms, health-techs etc. can also use this platform to embed financial features into their product or service.
Lending institutions provide personal loans to help meet immediate financial requirements by lending them money upfront. Personal loans can be applied online in just a few steps with many online lending platforms. One of the reputed lenders is Fullerton India. You can avail of loans conveniently at attractive interest rates. What are the features of Fullerton India loans and who is eligible to apply for them? Let us discuss them in this article.
New Delhi: Minister for Communications, Electronics & Information Technology and Railways, Shri Ashwini Vaishnaw has said that 10 million additional jobs can be created in the electronics and Business Processing (BPO) sector in the coming two years, given the strides the start-up sector is making in the country.
Mumbai: The BSE Sensex on Wednesday registered a fresh record high, breaching 63K level at 63,099.65, advancing 417.81 points on strong Asian Market.
Nowadays, a Personal Loan is in huge demand as there is no end-use restriction on its usage. Right from renovating a home and planning a wedding to higher education and medical emergencies, a Personal Loan can be used to meet all your financial requirements. A lot of lenders offer easy and affordable Personal Loan solutions to customers. However, there remains confusion when it comes to approval and disbursement timeline.
Indian digital payments firm Paytm has started offering cashback on booking of LPG cylinders on its app across Bharatgas, Indane and HP Gas.
Financial objectives might differ based on an individual's requirements and stage of life. Some individuals want to purchase a house; some want to plan their retirement or support their child's future education, while others want to tour the globe, buy a car or update their current one. The list could go on and on.
Mumbai/UNI: The BSE Sensex remained an all- time- high on Wednesday, as the Sensex opened at 62,743.47, advancing 62 points on strong global cues.
Mumbai/IBNS: New Delhi Television Ltd (NDTV) founders Prannoy Roy and Radhika Roy stepped down as directors from the board of promoter entity RRPR Holding, with effect from Tuesday, accounting to an exchange filing by NDTV, according to a media report.
Mumbai: Adani Group bagged the bid for the redevelopment of Mumbai’s Dharavi area, one of the largest slum clusters in Asia, outbidding DLF, a Moneycontrol report said Tuesday.
Mumbai/IBNS: Vistara Airlines will be merged with Air India, acquired by Tata Group from the Indian government in January this year.
Pen and stationery maker Linc Limited (Formerly Linc Pen & Plastics Limited) reported a PAT of Rs 956 lakhs in Q2FY23, up 167 percent year-on-year (YoY) compared to Rs 358 lakh in the same quarter in FY22.
Kolkata/IBNS: Linc Ltd recently announced the launch of the Pentonic Frost as an addition to its Pentonic line of products.
Hyderabad/IBNS: Internet food company Zomoz has raised an undisclosed amount from existing investor and food tech unicorn Rebel Foods in its second round of capital to further global expansion.
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