Business and financial news
India’s Wholesale Price inflation (WPI) for the month of June 2024 has accelerated to 3.6 per cent compared to 2.61 per cent in the previous month, as per the Indian government released data on Monday.
Reaffirming its commitment to nurturing talent and creating a skilled workforce for the automotive industry, Tata Motors’ in collaboration with Navodaya Vidyalaya Samiti (NVS) has established dedicated ‘Automotive Skill Labs’ at Jawahar Navodaya Vidyalayas(JNVs).
New Delhi/IBNS: With Union Finance Minister Nirmala Sitharaman scheduled to present the Union Budget 2024 on July 23, India's electric vehicle (EV) industry is optimistic about potential announcements that could spur industry growth, reports ANI.
Mumbai/IBNS: Indian multinational automotive company Tata Motors has been actively promoting its upcoming Curvv coupe SUV on its various social media handles.
Mumbai/IBNS: Foreign investors infused Rs 15,352 crore into Indian equities during the first two weeks of July 2024.
Washington/IBNS: American tech giant Google's parent company, Alphabet, is in advanced talks to secure the monumental acquisition of the cybersecurity firm Wiz for an estimated $23 billion, Reuters reported, citing an insider who shared details on Sunday under the condition of anonymity.
Bitcoin has jumped higher after an assassination attempt was made on former US President Donald Trump during a rally in Pennsylvania.
Kolkata: Maharatna coal giant Coal India Limited (CIL) on Friday announced that it has implemented measures to relax e-auction norms, such as reducing the earnest money requirement and increasing the quantity of coal available.
New Delhi: An investigation by The Competition Commission of India (CCI) has concluded that Apple exploited its dominant position in the app store market on its iOS operating system, engaging in "abusive conduct and practices," Reuters reported.
Vijayawada/IBNS: In a bid to "rebuild" his state after storming back to power, Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday held a couple of meetings with an aim to bring investment and create jobs.
New Delhi/IBNS: The Reserve Bank of India (RBI) has cautioned banks against having "lakhs of accounts" used for fraudulent transactions and loan accounts' evergreening, media reports said.
Mumbai: The Secondary Market Advisory Committee (SMAC) formed by the Securities and Exchange Board of India (SEBI) is scheduled to meet on July 15 to review recommendations from an expert panel focused on futures and options, NDTV profit reported.
New Delhi: As the Finance Ministry prepares to present the full fiscal year budget for 2024-25, the National Democratic Alliance (NDA) government is considering offering central government employees a pension equivalent to 50% of their last drawn salary under the National Pension System (NPS), according to a report by the Times of India.
New Delhi/IBNS: A data released by the Reserve Bank of India (RBI) on Monday (July 8) showed that nearly 4.67 crore new jobs were created in India during the financial year 2023-24 taking the total number of employed persons in the country to 64.33 crore.
New Delhi: The government is contemplating to relax the requirement for making payments to MSMEs within 45 days of purchasing goods and services to prevent large corporations from seeking alternative sourcing options, media reported.
Kolkata: Bandhan Bank Tuesday announced that it has launched an array of trade products to facilitate global business transactions.
Mumbai: MobiKwik, one of India's largest digital financial products and services platforms, has achieved the largest number of PPI Wallet transactions by value for the months of April and May 2024.
The Indian equity market witnessed a negative trend for the fourth consecutive session on Monday with BSE Sensex slipping 36.22 points to settle at 79,960.38.
New Delhi: Pursuing its commitment to achieve net zero emissions by 2070, India is gradually transitioning away from fossil fuels and embracing renewable energy sources.
Bengaluru: The National Company Law Tribunal (NCLT) has directed Byju's to pay its employees' salaries, whether or not the company has access to funds raised through its rights issue, media reported.
New Delhi: The government is working to streamline the application process for Indian business visas for companies that have established manufacturing units in the 14 sectors covered by the production-linked incentive (PLI) scheme but are not beneficiaries of the scheme, media reported.
The commodity and derivatives markets offer exciting investment opportunities for investors looking to modify their portfolios. With the right strategies, these markets can provide leveraged returns, portfolio protection, and consistent income.
Mumbai: Foreign institutional investors (FII) have shown a marked shift towards optimism in the financial services sector, purchasing shares valued at over Rs 8,100 crore during the latter half of June, reported Moneycontrol.
New Delhi/IBNS: The Government of India and the telecom regulator will not interfere or stop telecom companies from increasing prices, Economic Times reported, citing officials in the know.
New Delhi/IBNS: CMF, a sub-brand of London-based tech company Nothing Technology Limited, has announced its partnership with Indian actress Rashmika Mandanna.
New Delhi/IBNS: Union Information Technology Minister Ashwini Vaishnaw said Wednesday that the Indian government will roll out the Rs 10,000 crore India AI Mission in the next two to three months under which it will help procure computing power for the domestic industry run artificial intelligence (AI) systems.
Kolkata: Bajaj Housing Finance launched affordable and accessible housing finance product Sambhav Home Loans.
Riyadh: India's largest infrastructure firm L&T has secured contracts exceeding $4 billion from Saudi Aramco for the expansion of its gas projects.
New Delhi: India's Jammu and Kashmir received no bids in a second attempt to auction mining rights for lithium reserves discovered last year, Reuters reported citing a source with direct knowledge of the matter.
New Delhi: Poverty in India is estimated to have declined to 8.5% in 2022-24 from 21.2% in 2011-12, despite the challenges posed by the pandemic, according to a research paper by the economic think tank NCAER.
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