Adani Group clarifies it did not release any press release on 'Kenya projects'
India's Adani Group on Monday clarified it has not issued any press statement on its ongoing projects and presence in Kenya.
IBNS•Sep 16, 2024
Finance
Business and financial news
Flipkart gears up for 11th edition of ‘The Big Billion Days’ with new tech launches
E-commerce major Flipkart has announced the dates for its highly-anticipated annual flagship event, The Big Billion Days (TBBD) 2024.
IBNS•Sep 16, 2024
Amazon India hosts Seller Connect event to help SMBs gear up for festive season
E-commerce giant Amazon India has successfully hosted its annual Amazon Seller Connect event at JW Marriott in Kolkata with over 100 sellers from Kolkata, and provided them with a platform to engage and interact with its leadership, while covering different nuances of selling online with Amazon.
IBNS•Sep 16, 2024
India calls on Japanese and South Korean ship manufacturers to participate in domestic shipbuilding’s ‘Maruti moment’
New Delhi/IBNS: India is actively seeking investments from South Korean and Japanese shipbuilders as part of its strategy to become a major global shipbuilding centre, according to a report by Mint.
IBNS•Sep 16, 2024
India can achieve sustainable growth of up to 8% in the coming years: RBI Governor Shaktikanta Das
Mumbai/IBNS: Reserve Bank of India (RBI) Governor Shaktikanta Das said India has the potential to achieve sustainable economic growth of up to 8 percent in the medium term.
IBNS•Sep 16, 2024
Bandhan Bank offers up to 8.55 pct interest on Fixed Deposit for 1 year
Private lender Bandhan Bank on Monday announced that it is offering up to 8.55% interest rate on Fixed Deposit (FD) for the tenure of 1 year, which is one of the best FD interest rates in the banking industry.
IBNS•Sep 16, 2024
Mahindra launches Veero, prices start at Rs. 7.99 Lakh
Automobile major Mahindra & Mahindra Ltd on Monday announced the launch of the Mahindra Veero, starting at Rs. 7.99 Lakh.
IBNS•Sep 16, 2024
Bajaj Housing Finance shares make strong market debut, IPO listed with 114% premium at Rs 150
Mumbai/IBNS: Bajaj Housing Finance shares made a strong stock market debut on Monday (Sept. 16), listing at Rs 150 per share on both the NSE and BSE.
IBNS•Sep 16, 2024
Japanese and Korean shipbuilders keen to invest in India: Sarbananda Sonowal
New Delhi/IBNS: In a potential boost for India's developing shipbuilding industry, companies from Japan and South Korea have shown interest in investing in the sector, according to Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal.
IBNS•Sep 16, 2024
India set to join elite terror financing watchdog FATF group on Sept 19 for upholding high transparency standards
New Delhi/IBNS: India is set to join the Financial Action Task Force's (FATF) prestigious group of top performers on September 19.
IBNS•Sep 14, 2024
India set to join elite FATF group on Sept 19 for upholding higher standards
New Delhi/IBNS: India is set to join the Financial Action Task Force's (FATF) prestigious group of top performers on September 19.
IBNS•Sep 14, 2024
Drama at Israeli startup: OpenWeb founding CEO refuses to step down as tech unicorn announces new leader
New York/IBNS: The appointment of Tim Harvey as the new interim CEO of tech unicorn OpenWeb has sparked a dramatic showdown with the company’s founder, Nadav Shoval.
IBNS•Sep 14, 2024
SEBI disposes co-location case against NSE, seven ex-executives due to insufficient evidence
Mumbai/IBNS: The Securities and Exchange Board of India (SEBI), the regulatory body for securities and commodity market in the country, has closed its proceedings against the National Stock Exchange (NSE), along with former executives Ravi Narain, Chitra Ramkrishna, Anand Subramanian, and others, regarding the exchange's co-location services.
IBNS•Sep 14, 2024
Max Healthcare acquires 64% stake in Jaypee Healthcare
Mumbai: Max Healthcare Institute Ltd.’s board has approved a strategic partnership with the Lakshdeep Group, promoters of Jaypee Healthcare Ltd. (JHL), by facilitating the repayment of JHL’s financial debts, media reports said.
IBNS•Sep 13, 2024
GQG Partners raises stake in Patanjali Foods by 1.24% for Rs 835 cr
Mumbai: Billionaire Rajiv Jain-backed GQG Partners increased its stake in Patanjali Foods by acquiring a 1.24% holding from promoter group entity Patanjali Ayurved Ltd for approximately Rs 835 crore in an open market transaction on Friday, media reports said.
IBNS•Sep 13, 2024
Food delivery platform Zomato partners with IRCTC to provide food on train
Mumbai: Food delivery platform Zomato has partnered with the Indian Railway Catering and Tourism Corporation (IRCTC) to launch its new service, 'Zomato - Food Delivery in Trains', media reports said.
IBNS•Sep 13, 2024
Centre lifts minimum price limit on onion export
New Delhi: The Centre has removed the minimum price limit for onion export to boost the earnings of Indian farmers and push exports.
IBNS•Sep 13, 2024
Maruti Suzuki and Mahindra lead passenger vehicle segment, Bajaj Auto Dominates two-wheeler sales: SIAM Report
New Delhi: Maruti Suzuki India Ltd maintained its lead, with production rising to 1,65,782 units in August 2024 and cumulative production reaching 8,35,842 units from April to August, according to a SIAM report.
IBNS•Sep 13, 2024
Mahindra & Mahindra Financial Services to enter mortgage business
Mumbai: Mahindra & Mahindra Financial Services is all set to enter the mortgage business with its board greenlighting the new venture, media reports said.
IBNS•Sep 13, 2024
Passenger Vehicle sales rise 1.6%; two-wheeler sales up 9.3% in Aug: SIAM report
New Delhi: The automobile sector showed mixed growth pattern across various segments of the automotive sector in India, according to the August 2024 report releasedby Society of Indian Automobile Manufacturers (SIAM).
IBNS•Sep 13, 2024
TCS India employees receive tax demand notices from IT dept, company asks them to wait
Mumbai/IBNS: Employees of Indian multinational information technology (IT) company, Tata Consultancy Services (TCS), have recently received income-tax demands ranging from Rs 50,000 to Rs 1.45 lakh, The Economic Times reported, citing its sources familiar with the matter.
IBNS•Sep 13, 2024
Adani Group ‘unequivocally rejects and denies’ Swiss media report saying authorities froze over $310 million in funds
Ahmedabad/IBNS: Indian multinational conglomerate Adani Group has dismissed and denied "baseless allegations" regarding reports of funds being frozen in Swiss bank accounts.
IBNS•Sep 13, 2024
Ford confirms India re-entry plans, Chennai plant to reopen after 2 years
Bengaluru/IBNS: American multinational automobile manufacturer Ford Motor on Friday (Sept. 13) announced plans to restart a manufacturing facility in Tamil Nadu, potentially re-entering the Indian market it exited three years ago, according to a report by Reuters.
IBNS•Sep 13, 2024
Inflation has moderated but we still have a ‘distance to cover’: RBI Governor signals no policy change
Singapore/IBNS: Even as consumer price index (CPI) inflation has softened to the 2-6 percent tolerance band, there is still a ‘distance to cover’, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday (Sept. 13), signaling the central bank is in no hurry to cut interest rates despite the inflation dip in the world’s fastest-growing major economy.
IBNS•Sep 13, 2024
August retail inflation at 3.65%, below RBI's 4% target
New Delhi: India’s retail inflation rose to 3.65% on an annual basis, up from a five-year low of 3.54%, according to government data released on Thursday.
IBNS•Sep 12, 2024
India's retail inflation eases to 3.65 pct in August in comparison to 6.83 pct registered a year ago
India's retail inflation in August touched 3.65 percent as compared to 6.83 percent which was recorded during the same period last year.
IBNS•Sep 12, 2024
Tata Power Renewable Energy, Tata Motors sign MoU to set up 200 fast-charging stations for electric commercial vehicles
Tata Power EV Charging Solutions Limited, a EV Charging solutions providers and a subsidiary of Tata Power Renewable Energy Limited (a subsidiary of Tata Power), on Thursday announced the signing of a Memorandum of Understanding (MoU) with Tata Motors Limited (Tata Motors) to set up 200 fast-charging stations for electric commercial vehicles (CV) in all metros cities in India inluding Kolkata and Mumbai.
IBNS•Sep 12, 2024
Durga Puja: Bangladesh interim government directs Hindu community members to avoid playing musical instruments during azan, namaz
Bangladesh's interim government has directed Hindu community members to avoid playing musical instruments during the upcoming Durga Puja celebrations at the time of azan and namaz.
IBNS•Sep 12, 2024
Rapido inaugurates new office in Bengaluru
Ride-hailing platform Rapido has inaugurated its new 40,554 sq. ft. corporate head-office in Bellandur (Bengaluru).
IBNS•Sep 12, 2024
HDFC Bank negotiates with global lenders to offload $1 billion in loans
Mumbai/IBNS: India's largest private sector lender, HDFC Bank, is negotiating with major global banks to offload loans totaling up to Rs 8,400 crore ($1 billion) as part of its strategy to reduce the size of its credit portfolio and improve its credit-to-deposit ratio, reports Bloomberg, citing its sources.
IBNS•Sep 12, 2024
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