Business and financial news
Mumbai: The Reserve Bank of India (RBI) announced it has fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) Rs 29.6 lakh for failing to comply with certain directives regarding card operations, media reported
Despite a strong run in the morning trading hours, BSE Sensex dropped by 210.45 pts to settle at 79,032.73 on profit booking by local operators on Friday, losing its winning streak of the five last sessions.
The Ministry of Finance on Friday announced India has achieved an outstanding outcome in the Mutual Evaluation conducted during 2023-24 by Financial Action Task Force (FATF).
Mumbai: The Securities and Exchange Board of India (SEBI) has approved major changes to enhance investments in India by Foreign Portfolio Investors (FPIs) based in International Financial Services Centres (IFSCs), media reported.
Kolkata: Almost 60% of MSMEs plan to digitize their business processes by 2025, according to Vi Business ReadyforNext MSME growth insights study.
Mumbai: Reliance Industries Ltd has surpassed a market capitalisation of Rs 21 lakh crore after a stock surge of more than 20 percent this year, becoming the first Indian company to achieve this milestone, media reported.
Kolkata: Aditya Birla Finance Limited’s (ABFL) B2B lending platform Udyog Plus has attracted over 8 lakh users in the MSME sector within nine months of its launch, the company said in a press release.
Mumbai/IBNS: In what would affect the customers' monthly budget, Bharti Airtel on Friday announced a significant hike in its tariffs following the footsteps of its competitor Reliance Jio.
Kolkata/IBNS: CtrlS Datacentres Ltd, an India-based datacentre operator with over 250 MW live datacenter footprint across eight major markets in the country, has unveiled major expansion plans for Kolkata with an aim to develop a complete ecosystem of cutting-edge Artificial Intelligence (AI)-ready datacentres and advanced network to serve the connectivity needs of enterprises and hyperscalers in the region.
The trading session commenced on a positive note with benchmark equity indices touching new highs on Friday.
Mumbai: The inclusion of Indian Government Bonds (IGBs) in JP Morgan’s emerging markets bond indices will commence on Friday (June 28).
Mumbai: Reliance Jio Infocomm Ltd, India's largest telecom provider, announced a series of new unlimited plans set to take effect on July 3.
New Delhi: Union Minister for Micro, Small & Medium Enterprises (MSMEs) Jitan Ram Manjhi launched an initiative to onboard 5 lakh micro and small enterprises onto the Open Network for Digital Commerce (ONDC) platform.
New Delhi: The auction for 5G spectrum for mobile radio services concluded with telecom firms bidding around Rs 11,300 crore, reported The Economic Times on Wednesday.
The latest monthly data released in June show resilience and growth dynamism of the Indian economy, according to the Monthly Economic Review released by National Council of Applied Economic Research (NCAER) on Wednesday.
New Delhi: Cash-strapped telecom operator Vodafone Idea has acquired spectrum worth Rs 3,510 crore to enhance its 4G network coverage and launch 5G services, the company announced on Wednesday.
Mumbai: Vodafone Idea is in active discussions with Samsung about new technologies, including virtualized Radio Access Network (vRAN) solutions for their 4G and 5G networks, according to a company statement.
New Delhi: JSW Energy Limited on Wednesday said that its wholly-owned subsidiary JSW Neo Energy Limited has inked Power Purchase Agreements (PPAs) for wind and solar power generation projects with a combined capacity of 1,325 megawatts (MW).
Mumbai: The State Bank of India (SBI) has raised Rs 10,000 crore through 15-year infrastructure bonds to finance projects in sectors such as power and roads.
New Delhi: Telecom giant Bharti Airtel has acquired 97 MHz of spectrum in the 900 MHz, 1800 MHz, and 2100 MHz frequency bands at an auction on Wednesday, costing Rs 6,857 crore.
India is at the threshold of a major structural shift in its growth trajectory, moving towards 8 per cent GDP growth in a sustained manner, said RBI Governor Shaktikanta Das.
In a stark turn of events impacting Punjab’s energy trajectory, the state’s ambitious push towards renewable energy through rooftop solar installations has hit a snag. The Punjab government’s populist move to provide free electricity to agricultural and domestic sectors has inadvertently led to a decline in the adoption of rooftop solar systems among residential consumers.
The Indian Benchmark indices touched all-time high figure in Tuesday as BSE Sensex touched 52-week high of 78164.71.
Mumbai: India's current account balance recorded a surplus in the January-March quarter, driven largely by higher service exports and private transfer receipts, according to the Reserve Bank of India (RBI).
Kolkata/IBNS: All permanent workers of Britannia Industries Limited's Taratala factory have accepted the Voluntary Retirement Scheme (VRS) as the food products company is all set to permanently close its historic biscuit production unit in Kolkata's Taratala, reports said.
New Delhi/IBNS: Reacting to the attack by foreign shot-seller Hindenburg, Adani Enterprises Chairman Gautam Adani on Monday said the company fought to defend its integrity and reputation and came out stronger.
Being an entrepreneur in today’s world means you should primarily work towards mitigating risks of your business. Assessment of risks happens to be a primary criterion, therefore, as risks can affect your business performance.
New Delhi: Union Finance Minister Nirmala Sitharaman presided over preliminary discussions with finance ministers from states and Union Territories to gather their perspectives ahead of the upcoming Budget.
Mumbai/IBNS: Billdesk, Cred, PhonePe, and Infibeam Avenues are among the fintech companies that will be impacted by the latest regulation of the Reserve Bank of India (RBI) requiring credit card bill payments to be routed through the central bank's centralised billing network.
Tech giant Google on Friday announced it is pausing its experiment to increase the number of real-money gaming (RMG) apps on its Play Store in countries without a central licensing framework, media reported.
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