Business and financial news
New Delhi: The Ministry of Heavy Industries has given the green light to 11 electric vehicle (EV) makers, such as Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, to qualify for incentives as part of the newly launched Electric Mobility Promotion Scheme (EMPS) 2024.
Mumbai: The Indian mutual fund industry has posted an impressive performance during the last financial year (2023-24), with the industry’s net Assets under Management (AUM) registering a growth of 35 percent at Rs 53.40 lakh crore as of March 31, 2024, as against Rs 39.42 lakh crore same period last year.
Mumbai: The National Stock Exchange (NSE) has cautioned investors about deepfake videos of its MD & CEO Ashish Kumar Chauhan in circulation and advised them to not follow suggestions or investment proposals in such videos.
Bengaluru: Ride-hailing company Ola Cabs is withdrawing from its international operations, including the United Kingdom, Australia, and New Zealand, to concentrate on expanding its electric vehicle (EV) fleet and strengthening its presence in the Indian market.
Gurugram: Maruti Suzuki India announced on Wednesday that it has raised the prices of its hatchback Swift by up to Rs 25,000, and also hiked the price of a specific variant of the SUV Grand Vitara.
New Delhi: Tesla is exploring the possibility of forming a partnership with Reliance to set up its operations in India, media reports said
New Delhi: Tesla's top boss Elon Musk will visit India this month to hold a meeting with Prime Minister Narendra Modi and is expected to announce plans to invest and open a new EV manufacturing plant in India, media reported.
The BSE Sensex on Wednesday ended firm, breaching 75K level to 75038.15, up 354.45 pts following gains in Oil and Gas, Metal and Energy stocks amid mixed Asian Market.
Mumbai: The Board of TFCIL further approved allotment of 22,23,000 equity shares to Aditya Kumar Halwasiya at a price of Rs 225 per equity share at its Meeting held on the April 5, 2024.
Mumbai: The Reserve Bank has started the latest cycle of its quarterly survey on order books, inventories, and capacity utilization of manufacturing firms, which serves as a crucial component for shaping monetary policy.
New Delhi: The European Union (EU) and India on Tuesday invited Expression of Interest (EoI) from startups working in Battery Recycling Technologies for Electric Vehicles (EVs) for a matchmaking event.
Mumbai: One 97 Communications reported an uptick in ownership from mutual funds, retail investors, and foreign portfolio investors up to the end of the March quarter of 2024, media reported citing a stock exchange filing on Tuesday.
A company in the United States is working towards revolutionising the transportation industry, particularly in sectors like aviation and heavy-duty trucking, which are notoriously difficult to decarbonize, media reports said.
New Delhi: In a fresh development, Paytm Payments Bank’s Managing Director and CEO, Surinder Chawla, has stepped down due to personal reasons, its parent company One97 Communications Limited said in a filing with the stock exchanges.
Mumbai: Adani Green Energy Ltd. is currently involved in discussions to secure around $400 million via an overseas loan, as part of its efforts to finance an upcoming renewable project, media reports said
New Delhi: Electric vehicle retail sales in India witnessed growth across all segments in the previous fiscal year ended on March 31, 2024, including passenger vehicles and two-wheelers, according to the Federation of Automobile Dealers Associations (FADA).
New Delhi: Swiss pharmaceutical company Novartis said on Tuesday that it plans to reduce its development organization workforce by as many as 680 positions, media reports said.
Mumbai/UNI: The BSE Sensex on Tuesday opened at an all-time high, touching the 75,000-level for the first time at 75124.28, up 382 points as buying was seen across board amid mixed global cues.
In the ever-evolving world of investments, the mutual fund sector continues to offer innovative tools to aid investors in their quest for financial growth and security. Among these tools, the Step Up Systematic Investment Plan (SIP) calculator stands out as a beacon for those looking to amplify their investment outcomes.
Mumbai/UNI: The BSE Sensex on Monday rallied 399 points to 74647 in the opening session as buying was seen across the board.
The BSE Sensex on Monday rallied 399 points to 74647 in the opening session as buying was seen across the board.
New Delhi: Eco-friendly fuels, Green Hydrogen (GH2) and green ammonia, considered as the future energy sources globally, have the potential to attract investments totaling USD 125 billion (equivalent to approximately Rs 10.43 lakh crore) in India by 2030, as per a research report by Avendus Capital.
Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has taken strong action against a financial influencer (finfluencer) and ordered him to return unlawfully obtained gains totalling over Rs 12 crore, media reports said.
Singapore: India-Singapore bilateral trade rose to USD 35.6 billion in 2022-23, a growth of 18.2 percent on the year, media reported.
New Delhi: India is targeting a minimum of US$100 billion annually in gross foreign direct investment, as the country seeks to attract investors seeking diversification from China, media reports said.
New Delhi: In a swift operation, the Indian Coast Guard (ICG) rescued 27 Bangladeshi fishermen, who were stranded on their fishing boat at sea.
Mumbai: The Reserve Bank on Friday said that it has fined IDFC First Bank Rs 1 crore and LIC Housing Finance Rs 49.70 lakh for breaching specific regulations. The penalty on IDFC First Bank was levied due to failure to adhere to certain directives regarding 'Loans and Advances - Statutory and Other Restrictions', according to the central bank’s statement.
Global food prices experienced a surge in March, marking the first increase since July, driven mainly by the rise in cooking oil prices, even as the costs of grains continued to decrease, stated the UN's Food and Agricultural Organization on Friday.
Mumbai: Air India recruited over 5,700 staff members, with over 3,800 comprising the flying crew in the FY24, as a component of its five-year revival strategy aimed at restoring the airline's fortunes, media reported citing the airline's statement.
Mumbai: Bandhan Bank Managing Director and Chief Executive Officer Chandra Shekhar Ghosh will step down from his current role when his tenure concludes on July 9, 2024, the bank announced on Friday.
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