Business and financial news
New Delhi: The Centre has approved Rs 1404.94 crore for the widening and strengthening project of the Rafiabad – Kupwara – Chowkibal – Tangdhar – Chamkot section of National Highway-701 in Jammu and Kashmir, Road Transport & Highways Minister Nitin Gadkari said on Friday.
New Delhi: Coal India Limited (CIL) achieved a record production of 703.91 million tonnes (MT) of coal up to March 7 during the current fiscal, surpassing last financial year’s production of 703.20 MT by an impressive margin of 24 day, Ministry of Coal said.
New Delhi: India's foreign exchange reserves surged by $6.55 billion to reach $625.626 billion for the week ending March 1, according to data released by the Reserve Bank of India announced on Friday.
Mumbai: Inflows to open-ended equity funds surged by 23 percent to reach Rs 26,865.78 crore in February, marking the 36th consecutive month of positive inflows into equity funds since March 2021, according to data published by the Association of Mutual Funds in India (AMFI) on Friday.
New Delhi: The Department of Telecommunications (DoT) announced the schedule for the auction of eight mobile internet spectrums in which all leading telecom firms will compete.
New Delhi: The Central government on Friday decided to maintain the interest rates on small savings schemes for April-June.
Kolkata: Volvo Car India today launched the single motor variant of XC40 Recharge at an introductory ex-showroom price of 54.95 lakhs plus applicable taxes.
New Delhi: The Central Bureau of Investigation (CBI) on Thursday conducted raids at 67 locations in connection with suspicious IMPS transactions amounting to about Rs 820 crore in multiple UCO Bank accounts.
New Delhi/IBNS: Ahead of the Lok Sabha elections due to take place in the next 2-3 months, the Union Cabinet chaired by Prime Minister Narendra Modi approved a hike in Dearness Allowance (DA) of 4 percent to Central Government employees and Dearness Relief (DR) to pensioners with effect from January 1 this year.
New Delhi: The Reserve Bank of India (RBI) and the Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding (MoU) for establishing a framework to promote the use of local currencies for cross-border transactions.
Mumbai: The BSE Sensex on Thursday gained 33.40 pts to close at a new high of 74119.39 as buying was seen in Metal, Capital Goods and Commodities stocks.
New Delhi: Manufacturing will be India’s focus in the next five years owing to huge employment potential, IT Minister Ashwini Vaishnaw said on Thursday.
New Delhi: Around 80-85% of Paytm wallet users will not face any interruptions due to regulatory actions, RBI Governor Shaktikanta Das stated on Wednesday.
The Union Cabinet, chaired by Prime Minister Narendra Modi, is likely to give the green signal to a Rs 76,220 crore project to develop a new deep-water major port at Vadhvan near Dahanu in Maharashtra, media reported
Mumbai: Adani Enterprises on Wednesday said that its Dubai-based subsidiary, Ospree International FZCO, has purchased full ownership of France's Le Marche Duty Free SAS (LMDF) for 5,000 euros, media reported, citing a stock exchange filing.
New Delhi: The government plans to divest up to 7 percent of its stake in NLC India through an offer for sale (OFS), aiming to raise between Rs 2,000 crore and Rs 2,100 crore, media reports said.
New Delhi: The Indian economy's GDP growth for the current fiscal year ending in March might be close to 8%, Reserve Bank of India (RBI) governor Shaktikanta Das expressed in an interview with ET Now on Wednesday.
Bandhan Mutual Fund announced the launch of the Bandhan Long Duration Fund, an open-ended, long-term debt scheme that invests in instruments such that the portfolio Macaulay duration will be over 7 years.
Telecom major Vi on Wednesday announced the successful completion of its network deployment across the entire underground East-West Metro corridor route in East Idnian city of Kolkata.
The BSE Sensex on Wednesday closed at a lifetime high, touching 74K level at 74085.99 on the strength of Bankex, Technology and IT stocks.
New Delhi: Private airline SpiceJet on Tuesday said that it has reached settlement terms with aircraft leasing firm, Cross Ocean Partners, resolving a dispute of about USD 11.2 million (Rs 93 Crore).
New Delhi: India's coal production for April-February this fiscal reached 880.72 million tonnes (MT), bringing it within 119.28 MT of the FY24 target of 1 billion tonnes.
Mumbai: Adani Power has obtained consent from creditors for its proposed acquisition of insolvent Lanco Amarkantak Power, the company said in a stock market filing.
Singapore's anti-trust regulator announced its approval of the merger between Air India, owned by Tata Group, and Vistara, a joint venture between Tata and Singapore Airlines, subject to certain conditions, Reuters reported.
Mumbai: The Reserve Bank of India (RBI) on Tuesday said that JM Financial Products Ltd is barred from offering any type of financing involving shares and debentures, including granting loans against initial public offerings, effective immediately, media reports said.
At least two people were injured in a bus explosion at a parking lot in front of the famed Angkor Wat temple in northwest Cambodia's Siem Reap province on Tuesday, a police chief said.
The BSE Sensex on Tuesday slipped 195.16 pts to settle at 73677.13 on profit booking by local operators.
New Delhi/IBNS: The State Bank of India (SBI) has requested the Supreme Court to extend the deadline till June 30 for providing information about electoral bonds to the Election Commission.
The BSE Sensex on Monday advanced 66.14 pts to close at 73872.29 as renewed buying was witnessed in Oil & Gas, Power, Utilities and Energy stocks.
The BSE Sensex on Monday was almost flat to open at 73903.69', rising 17 points as buying was seen in oil and gas, power, and real estate stocks.
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