RBI rates repo rate unchanged in line with market expectations
Mumbai: The Reserve Bank of India on Friday kept the key interest rates unchanged at 6.50 percent, in line with the market expectations.
IBNS•Apr 05, 2024
Finance
Business and financial news
Sensex ends flat at 74248.22
The BSE Sensex on Friday ended almost flat at 74248.22, rising 20.59 pts as Realty, Bankex and FMCG stocks rose.
IBNS•Apr 05, 2024
Bandhan Mutual Fund unveils Bandhan Innovation Fund
Bandhan Mutual Fund has announced the launch of Bandhan Innovation Fund, an open-ended thematic fund dedicated to investing in companies at the forefront of innovative breakthroughs.
IBNS•Apr 05, 2024
Rupee most stable compared to peers due to strong fundamentals of Indian economy: RBI
New Delhi/UNI: The Indian currency (INR) was the most stable among major currencies during the past three years and this reflects sound economic fundamentals of the Indian economy, says the Reserve Bank of India.
IBNS•Apr 05, 2024
Byju's founder, whose net worth was Rs. 17,545 crore a year ago, no longer a billionaire
Mumbai/IBNS: Indian multinational educational technology company Byju's founder, Byju Raveendran's net worth is now zero, a year after he had Rs. 17,545 crore a year ago.
IBNS•Apr 05, 2024
Economy projected to grow at 7 percent in 2024-25; geopolitical tensions pose risks to outlook: RBI
New Delhi/UNI: Considering various factors both in the domestic and global markets, the Reserve Bank of India Friday projected the Indian economy to grow at 7 percent during the current financial year.
IBNS•Apr 05, 2024
Apple plans to cut 614 workers in California
Tech major Apple has decided to lay off 614 workers in California, marking the first significant round of job cuts since pandemic, media reports said.
IBNS•Apr 04, 2024
CBDT enables taxpayers to file returns from Apr 1
New Delhi: The Central Board of Direct Taxes (CBDT) on Thursday said it has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024–25 (relevant to Financial Year 2023–24) from April 1, 2024, and onwards.
IBNS•Apr 04, 2024
Swiggy appoints Suparna Mitra as an Independent Director to its Board
Kolkata: Swiggy on Thursday announced the appointment of Suparna Mitra as an Independent Director to its Board.
IBNS•Apr 04, 2024
Sensex recovers over 500 points
Mumbai/UNI: The BSE Sensex on Thursday smartly recovered by 537 points to open at 74413.82 on the strength of industrials, IT, telecommunications, and utilities stocks.
IBNS•Apr 04, 2024
RBI's 3-day MPC meeting starts
Mumbai: The Reserve Bank of India's Monetary Policy Committee has started its three-day meeting on Wednesday to deliberate on interest rates and analyze the state of the economy.
IBNS•Apr 03, 2024
Forbes World's Billionaire List 2024: Mukesh Ambani retains tilte as India & Asia's richest, ranks 9th globally; Gautam Adani is world's 17th richest
Mumbai: Indian billionaires increased their presence in the 2024 Forbes list of the World’s Billionaires to 200 from 169 last year. Leading the list is Mukesh Ambani, whose net worth surged to $116 billion from $83 billion, establishing him as the first Asian to enter the $100 billion club. Ambani maintained his status as the ninth wealthiest individual globally and continues to hold the title of India’s and Asia’s richest person.
IBNS•Apr 03, 2024
Forbes Richest List 2024: Bernard Arnault remains world's richest person for 2nd yr with $233 bn wealth
Bernard Arnault, the chairman and CEO of luxury conglomerate LVMH Moët Hennessy Louis Vuitton SA, has topped Forbes' World's Billionaires list for the second year, media reports said.
IBNS•Apr 03, 2024
Tesla to send team from US to pick up potential sites manufacturing hub: Report
New Delhi: Electronic car-maker Tesla plans to send a team from the United States to India by late April to assess potential locations for a proposed electric car plant worth $2 billion to $3 billion, as reported by the Financial Times on Wednesday.
IBNS•Apr 03, 2024
Virgin Atlantic plans to offer over 1 million seats to India by 2025
Bengaluru: Virgin Atlantic on Wednesday signalled its strong commitment to India by launching a new daily service to Bengaluru and announcing a second daily flight to Mumbai, starting this October.
IBNS•Apr 03, 2024
India plans to set up first privately run strategic petroleum reserve by 2029-30: Report
New Delhi: India intends to set up its first privately operated strategic petroleum reserve (SPR) by 2029-30, allowing the operator the autonomy to trade the entire oil stock, media reports said.
IBNS•Apr 03, 2024
Radisson group opens 212-room luxury hotel in Srinagar
Srinagar: Radisson Hotel Group on Wednesday announced the debut of its luxury lifestyle brand Radisson Collection in India with the opening of Radisson Collection Hotel & Spa, Riverfront Srinagar.
IBNS•Apr 03, 2024
SJVN Ltd signs MoU with IIT Patna to use advanced geological models in tunnelling projects
New Delhi: SJVN Limited has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Patna (IIT Patna) to use advanced geological models in SJVN's tunnelling projects to significantly reducing time and cost overruns.
IBNS•Apr 03, 2024
Jawaharlal Nehru Port achieves record 6.43 million TEUs throughput in FY24
Mumbai: India’s one of the leading container ports, Jawaharlal Nehru Port Authority (JNPA) in Mumbai, achieved its highest-ever throughput of 6.43 million TEUs in the fiscal year 2023-24.
IBNS•Apr 03, 2024
Spectrum auction postponed by 2 weeks; to start on June 6 now
New Delhi: The Department of Telecom (DoT) has postponed the spectrum auction by two weeks in view of the Lok Sabha election schedule.
IBNS•Apr 03, 2024
Sensex marginally declines 27.09 points
BSE Sensex on Wednesday marginally fell 27.09 points to settle at 73,876.82 as selling was seen in Realty, Auto, and BSE Services stocks.
IBNS•Apr 03, 2024
Air India transforms 'Flying Returns' loyalty programme to offer greater rewards to members
Indian aviation major Air India on Wednesday launched its transformed Flying Returns loyalty programme, introducing a simplified new structure, more customer-friendly features, renamed tiers, and an updated identity.
IBNS•Apr 03, 2024
Sensex down by over 500 points
Mumbai/UNI: The BSE Sensex on Wednesday lost another 599 points at 73604 in the opening session as selling was seen in real estate, technology, and consumer durable stocks.
IBNS•Apr 03, 2024
CCI approves 7 proposals involving acquisition of shares across companies
New Delhi: In a slew of decisions, the Competition Commission of India (CCI) on Tuesday approved seven proposals that include acquisition of shares partly or 100 percent in transactions involving MG Motors, Max Life Insurance, Sharekhan Limited and others.
IBNS•Apr 02, 2024
Vedanta debt to be divided among demerged firms in ratio of assets
Mumbai: Mining conglomerate Vedanta Ltd is on track for the demerger of its key businesses, including aluminium, into separate listed companies and allocation of debt across the demerged entities would be done in proportion to their assets, sources familiar with the matter said.
IBNS•Apr 02, 2024
Byju's lays off 500 employees
Bengaluru: Cash-strapped ed-tech company Byju's has reportedly implemented layoffs, affecting approximately 500 employees, mainly in sales and marketing roles.
IBNS•Apr 02, 2024
India conducts 43.3 crore digital transactions every month: Nirmala Sithraman
New Delhi: Finance Minister Nirmala Sitharaman lauded the robust digital public infrastructure and widespread access that has propelled India to the forefront of digital transactions, media reports said.
IBNS•Apr 02, 2024
Profit-taking pulls market down; BSE Sensex suffers 110 points drop
Snapping a winning streak of last three sessions, the BSE Sensex on Tuesday slipped 110.64 points to settle at 73903.91 on profit booking by local operators even as the market experts remain bullish in view of recent GST collections and other economic indicators.
IBNS•Apr 02, 2024
Sensex drops 110.64 pts
Snapping a winning streak of last three sessions, the BSE Sensex on Tuesday slipped 110.64 pts to settle at 73903.91 on profit booking by local operators.
IBNS•Apr 02, 2024
Sensex declines 101.77 points during opening session
The BSE Sensex on Tuesday declined 101.77 points at 93912 in the opening session on profit booking at a higher level by local operators.
IBNS•Apr 02, 2024
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