Tata Curvv EV bookings open today, deliveries to begin from August 23
Mumbai/IBNS: Tata Motors on Monday (August 12) officially launched bookings for its newly launched electric vehicle, Tata Curvv EV.
IBNS•Aug 12, 2024
Finance
Business and financial news
Ola Electric shares jump 20% on second day of trading amid strong demand
Mumbai/IBNS: Shares of recently listed Ola Electric Mobility jumped 20 percent to hit an upper circuit of Rs 109.44 apiece on Monday (August 12), extending gains for a second consecutive session.
IBNS•Aug 12, 2024
Hindenburg says SEBI chief Madhabi Puri Buch's response raises 'new critical questions'
New York-headquartered Hindenburg Research on Monday said market regulator Securities and Exchange Board of India (Sebi) chief Madhabi Puri Buch's response to the allegations levelled against her includes several admissions that raise numerous “new critical questions.”
IBNS•Aug 12, 2024
UPI merchant transactions in Nepal surpass 100,000 mark, announces NPCI
NPCI International Payments Limited (NIPL), the international armof National Payments Corporation of India (NPCI), recently announced surpassing 100,000 cross-border Unified Payments Interface (UPI) Person-toMerchant (P2M) transactions in Nepal.
IBNS•Aug 11, 2024
'Discredited short-seller, recycled claims': Adani Group on Hindenburg's new report
Mumbai: The Adani Group has dismissed the latest report from the US-based short-seller Hindenburg Research, calling it "recycled claims" that had previously been "proven baseless and dismissed by the Supreme Court." The ports-to-power conglomerate stated that the allegations were driven by personal gain, with no regard for facts or the law.
IBNS•Aug 11, 2024
SEBI Chief rubbishes Hindenburg Report: 'Attempt at character assassination'
Mumbai: SEBI Chairman Madhabi Puri Buch and her husband Dhaval Buch have firmly dismissed the latest report from Hindenburg Research, labelling it as "baseless allegations and insinuations."
IBNS•Aug 11, 2024
New Hindenburg report claims SEBI Chairperson Madhabi Puri Buch had stake in offshore funds linked to Adani scandal
Mumbai: The US-based short-seller firm Hindenburg Research on Saturday claimed that whistleblower documents reveal Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch had an interest in the obscure offshore entities implicated in the "Adani money siphoning scandal."
IBNS•Aug 10, 2024
After UCO Bank, Bank of Baroda and Canara Bank to hike interest rates from Monday
New Delhi/IBNS: Leading Indian public-sector banks such as UCO Bank, Canara Bank and Bank of Baroda have increased their Marginal Cost of Funds-based Lending Rates (MCLR) in different tenures which will result in higher costs for consumer loans, reports said.
IBNS•Aug 10, 2024
Banks must focus on core areas, bring in innovative products to mobilise deposits: FM Sitharaman at post-Budget meeting
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Saturday (Aug 10) urged banks to focus on ‘core banking’ and to bring in innovative products to mobilise deposits during a meeting with members of the Reserve Bank of India’s (RBI) Central Board of Directors, reports said.
IBNS•Aug 10, 2024
'Something big soon India': Hindenburg Research hints at new Indian target after Adani Group
New York/IBNS: American investment research firm Hindenburg Research suggested another major revelation involving an Indian company may be imminent.
IBNS•Aug 10, 2024
India projected to surpass China to become world's largest two-wheeler market
New Delhi/IBNS: India is projected to overtake China to become the world's largest two-wheeler nation in CY24, as per Counterpoint Research.
IBNS•Aug 10, 2024
Equity mutual fund inflows drop 9% to Rs 37,000 crore in July
Mumbai/IBNS: Inflow in equity mutual funds slumped 9 percent month-on-month (MoM) to Rs 37,113 crore in July 2024 owing to the drop in fund infusion in large-cap, small- and mid-cap categories, reports said.
IBNS•Aug 09, 2024
Ambani family's wealth 10% of India GDP: 2024 Barclays-Hurun India report
Mumbai/IBNS: The Ambani family has topped the inaugural Barclays-Hurun India most valuable family businesses list, with a valuation of Rs 25.75 trillion, which is almost equivalent to 10 percent of India’s Gross Domestic Product (GDP), reports Business Standard, quoting the 2024 Barclays-Hurun India report on the most valuable family businesses in the country.
IBNS•Aug 09, 2024
LIC looking to acquire health insurance companies: Report
Mumbai/IBNS: The Life Insurance Corporation of India (LIC) is planning to take the acquisition route to get into the health insurance business, the Times of India (TOI) reported, citing LIC's MD and CEO Siddhartha Mohanty.
IBNS•Aug 09, 2024
Bajaj Finance receives Rs 341 crore GST ’evasion’ notice from DGGI: Report
Pune/IBNS: Pune-headquartered non-banking financial company Bajaj Finance has received a Rs 341 crore show-cause notice from the Directorate General of Goods and Services Tax Intelligence (DGGI) alleging tax evasion by wrongfully categorising a service charge as an interest charge in an August 3 notice, as per a report by Economic Times.
IBNS•Aug 09, 2024
Birla Corporation’s June qtr capacity utilization at 91% in contracting market
Kolkata: MP Birla Group's flagship company on Thursday said its June quarter profitability dropped due to unusually weak cement prices and sluggishness in demand, coupled with an unprecedented downturn in the jute industry.
IBNS•Aug 08, 2024
GST on health and life insurance premiums may be reduced: Report
New Delhi/IBNS: The Goods and Services Tax (GST) rate on the premium paid on health and life insurance may be reduced as a proposal in this regard has been sent to the GST rate rationalisation committee, CNBC-Awaaz reported on Thursday (Aug 8) citing sources familiar with the development.
IBNS•Aug 08, 2024
YouTube Shorts hit 1 lakh crore view milestone in India: CEO Neal Mohan
New Delhi/IBNS: YouTube chief executive officer (CEO) Neal Mohan announced on Wednesday that YouTube Shorts, a 60-second video format which made its global debut in India in 2020, has reached a trillion views.
IBNS•Aug 08, 2024
Maruti Suzuki to recall 2,555 Alto K10 units over steering gear box defect
New Delhi/IBNS: Maruti Suzuki, India's largest passenger car maker, will recall 2,555 units of Alto K10 car due to a possible defect in Steering Gear Box, the company said in the statement.
IBNS•Aug 08, 2024
Axis Bank facilitates seamless GST payments for its commercial card clients
Kolkata: Axis Bank today announced its successful integration with the Goods and Service Tax portal, thereby allowing its Commercial Card Corporate customers to make GST payments seamlessly.
IBNS•Aug 07, 2024
NSE net profit rises 39% to Rs 2,567 cr in Q1FY25
Mumbai: The National Stock Exchange (NSE) reported a 39 percent year-on-year increase in consolidated net profit, reaching Rs 2,567 crore for the quarter ending June 2024.
IBNS•Aug 07, 2024
Govt rolls back LTCG taxes: Big relief for property owners
New Delhi: In a significant relief for property owners, the central government has proposed an amendment to the long-term capital gains (LTCG) taxes for properties purchased before July 23, 2024, media reports said.
IBNS•Aug 07, 2024
DoT disconnects 73 lakh mobile connections bought using fake documents
New Delhi: Telecom operators have disconnected 73 lakh mobile connections obtained using fake proof of identity or address, the Department of Telecommunications (DoT) informed Parliament on Wednesday.
IBNS•Aug 07, 2024
Petition filed with NCLT over WazirX $230 million crypto asset theft
Mumbai: WazirX, along with its infrastructure partner Liminal and other associated entities, is facing a petition with the National Company Law Tribunal (NCLT) due to a $230 million crypto asset theft.
IBNS•Aug 07, 2024
Petition filed with NCLT in WazirX $230 million crypto asset hack
Mumbai: WazirX, along with its infrastructure partner Liminal and other associated entities, is facing a petition with the National Company Law Tribunal (NCLT) due to a $230 million crypto asset theft.
IBNS•Aug 07, 2024
Godrej Consumer Products Q1FY25 net profit soars 41% to Rs 450.69 cr
Mumbai: Godrej Consumer Products Limited (GCPL) on Wednesday reported a consolidated net profit of Rs 450.69 crore for the fiscal first quarter, reflecting a 41 percent increase from Rs 319 crore in the same period last year.
IBNS•Aug 07, 2024
Amid global economic downturn, Indian IPO market booms
Mumbai: India's dynamic initial public offering (IPO) market is forging ahead with larger debuts, seemingly unaffected by this week's global equity downturn.
IBNS•Aug 07, 2024
Godrej Consumer Products Q1FY25 net profit sores 41% to Rs 450.69 cr
Mumbai: Godrej Consumer Products Limited (GCPL) on Wednesday reported a consolidated net profit of Rs 450.69 crore for the fiscal first quarter, reflecting a 41 percent increase from Rs 319 crore in the same period last year.
IBNS•Aug 07, 2024
Adani Enterprises claims Gautam Adani was misquoted in media reports on succession plan
Ahmedabad/IBNS: Adani Enterprises Ltd, the flagship entity of Adani Group, on Wednesday (Aug 6) issued a statement, addressing recent media reports concerning the Indian multinational conglomerate's Chairman Gautam Adani's succession plans.
IBNS•Aug 07, 2024
Bata India's Q1FY25 profit rises 63% to Rs 174.36 cr
Shoemaker Bata India Ltd reported a 62.84 percent increase in its consolidated net profit, reaching Rs 174.36 crore in the first quarter ended June 2024, driven by margin expansion and gains from the sale of industrial land.
IBNS•Aug 06, 2024
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