Breaking
Loading breaking news...
Loading...
Northeast Herald Logo

Finance

Business and financial news

Govt sanctions Rs 5469 cr for construction, widening, upgradation of highways

Govt sanctions Rs 5469 cr for construction, widening, upgradation of highways

New Delhi: The government said on Tuesday that it has sanctioned over Rs 5,469 crore for the construction, upgrade and widening of highways in different states of the country.

IBNSFeb 27, 2024
Adani Defence & Aerospace to invest Rs 3000 cr in its Kanpur missile and ammunition complex

Adani Defence & Aerospace to invest Rs 3000 cr in its Kanpur missile and ammunition complex

Kanpur (UP): Adani Defence & Aerospace has announced plans to invest over Rs 3,000 crore in its new ammunition and missile complexes in Kanpur by 2027, Chief Executive Officer Ashish Rajvanshi, media reported.

IBNSFeb 27, 2024
Vodafone Idea to raise Rs 20,000 cr via equity

Vodafone Idea to raise Rs 20,000 cr via equity

Mumbai: Vodafone Idea Ltd is poised to raise Rs 20,000 crore through a combination of equity and equity-linked instruments following approval from the company's board, media reports said.

IBNSFeb 27, 2024
Sensex jumps up 305.09 pts as market closes

Sensex jumps up 305.09 pts as market closes

The BSE Sensex on Tuesday rallied 305.08 points to close at 73095.22 on the strength of Realty, Technology, and Capital Goods stocks despite weak global cues.

IBNSFeb 27, 2024
Zerodha cofounder Nithin Kamath suffered stroke six weeks ago, wishes pour in from Kiran Mazumdar-Shaw, others

Zerodha cofounder Nithin Kamath suffered stroke six weeks ago, wishes pour in from Kiran Mazumdar-Shaw, others

Brokerage firm Zerodha cofounder Nithin Kamath has revealed on his social media handle that six weeks ago he suffered a mild stroke.

IBNSFeb 27, 2024
Vijay Shekhar Sharma steps down from Paytm payments bank board amid crisis

Vijay Shekhar Sharma steps down from Paytm payments bank board amid crisis

Paytm Monday informed that Vijay Shekhar Sharma would step down as non-executive chairman and board member of its payments bank's unit.

IBNSFeb 26, 2024
Dynamic asset allocation: Adapting your mutual fund strategy to market changes

Dynamic asset allocation: Adapting your mutual fund strategy to market changes

In any form of investment you do, staying agile and responsive to market shifts is required to get promising returns. One such strategy gaining prominence is dynamic asset allocation. This approach allows investors to adjust their mutual fund investments according to changing market conditions, aiming to optimise returns while managing risk. Read on to know the various aspects of dynamic asset allocation, its benefits, and important considerations.

IBNSFeb 26, 2024
Sensex down over 100 points as market opens

Sensex down over 100 points as market opens

The BSE Sensex on Monday slipped 155.10 points to 72,987.70 in the opening session as selling was witnessed in metal, oil and gas, and technology stocks.

IBNSFeb 25, 2024
ZEEL says 'rumours' hurting it, forms Advisory Committee to tackle it

ZEEL says 'rumours' hurting it, forms Advisory Committee to tackle it

New Delhi/Mumbai: Broadcasting company Zee Entertainment on Friday said it has constituted an Advisory Committee, headed by a former Judge of Allahabad High Court, to tackle "widespread circulation of misinformation, market rumours and speculation" which have led to "erosion of investor wealth" of the firm.

IBNSFeb 25, 2024
Mahindra expands premium Z8 range with the introduction of New ‘Scorpio-N Z8 Select’ variant

Mahindra expands premium Z8 range with the introduction of New ‘Scorpio-N Z8 Select’ variant

Auto major Mahindra & Mahindra recently launched the ‘Scorpio-N Z8 Select’ variant, a significant addition to its acclaimed Scorpio-N Z8 premium range.

IBNSFeb 24, 2024
HDFC Bank and Yes Bank file third-party application provider request for Paytm UPI business

HDFC Bank and Yes Bank file third-party application provider request for Paytm UPI business

Mumbai: One97 Communications, the operator of the Paytm brand, along with private sector banks HDFC Bank and Yes Bank jointly submitted an application to become a third-party application provider (TPAP) for the Unified Payments Interface (UPI) mobile payments platform under the National Payments Corporation of India (NPCI).

IBNSFeb 23, 2024
Byju's claims resolutions passed at EGM to remove founder invalid

Byju's claims resolutions passed at EGM to remove founder invalid

Bengaluru: Ahead of the results of the voting to remove Byju's founder and CEO Byju Raveendran during an extraordinary general meeting (EGM), the ed-tech company claimed in a statement to the media that the decisions made by shareholders are null and void.

IBNSFeb 23, 2024
Shareholders pass resolution to oust Byju Raveendran-led management at EGM

Shareholders pass resolution to oust Byju Raveendran-led management at EGM

Bengaluru: A consortium of prominent investors including Prosus, General Atlantic, and Peak XV on Friday made the decision to remove Chief Executive Officer (CEO) Byju Raveendran from his position at the helm of the edtech company Byju's, media reported.

IBNSFeb 23, 2024
Mukesh Ambani's Jio Financial Services enters 2-trillion market cap club

Mukesh Ambani's Jio Financial Services enters 2-trillion market cap club

Mumbai: Jio Financial Services, led by Mukesh Ambani, has joined the Rs 2-trillion market cap club, with its shares rising by 10.2% to reach Rs 334 on Friday, media reported.

IBNSFeb 23, 2024
India will not rush into signing hasty FTA deals: Piyush Goyal

India will not rush into signing hasty FTA deals: Piyush Goyal

New Delhi: Commerce Minister Piyush Goyal on Friday said that India will avoid making hasty free trade agreements (FTA) unless there is a just and balanced arrangement in trade deals, media reported.

IBNSFeb 23, 2024
Sensex drops 15.44 points as market closes

Sensex drops 15.44 points as market closes

The BSE Sensex on Friday fell marginally by 15.44 points to settle at 73142.80 on profit booking by local operators.

IBNSFeb 23, 2024
Entrepreneur Anupam Mittal gears up for his next project, drops a major hint

Entrepreneur Anupam Mittal gears up for his next project, drops a major hint

Mumbai/IBNS: Anupam Mittal, the founder of a prominent matchmaking platform, also recognised for his role as a sharp-witted judge on a popular reality show, has become a notable figure in the business and entertainment industry.

IBNSFeb 23, 2024
Paytm installations plunge after RBI restrictions

Paytm installations plunge after RBI restrictions

Mumbai: The daily installations of the Paytm app have fallen drastically following regulatory restrictions placed on Paytm Payments Bank (PPBL) by the Reserve Bank of India, media reported.

IBNSFeb 22, 2024
Aditya Birla Group to boost paint industry capacity by 40%, targets Rs 10,000 cr revenue in 3 years

Aditya Birla Group to boost paint industry capacity by 40%, targets Rs 10,000 cr revenue in 3 years

Kolkata/Mumbai: Aditya Birla Group on Thursday announced entry into the decorative paints market with its new brand Birla Opus, eyeing Rs 10,000 crore gross revenue within three years of full-scale operations.

IBNSFeb 22, 2024
Sensex goes down by over 300 points

Sensex goes down by over 300 points

Mumbai/UNI: The BSE Sensex on Thursday lost another 338.23 points at 72,284.86 in the opening session as selling was seen across the board.

IBNSFeb 22, 2024
Union Cabinet approves increase in FRP for sugarcane to Rs 340/qtl

Union Cabinet approves increase in FRP for sugarcane to Rs 340/qtl

New Delhi: The Union cabinet has approved a raise in the fair and remunerative prices for sugarcane for the upcoming season, Union Minister Anurag Thakur said during a media briefing on Wednesday.

IBNSFeb 21, 2024
US, EU major importers of India's oil products sourced from sanctioned Russian crude

US, EU major importers of India's oil products sourced from sanctioned Russian crude

New Delhi: More than one-third of India's oil product exports to the coalition countries led by the G7 were sourced from Russian crude, according to a European think-tank, media reports said.

IBNSFeb 21, 2024
Myntra appoints Venu Nair as Chief of Strategic Partnerships and Omnichannel

Myntra appoints Venu Nair as Chief of Strategic Partnerships and Omnichannel

Mumbai: Myntra has named Venu Nair as its Chief of Strategic Partnerships and Omnichannel, media reports said.

IBNSFeb 21, 2024
American finance company approaches NCLT to initiate insolvency proceedings against Byju's

American finance company approaches NCLT to initiate insolvency proceedings against Byju's

Bengaluru: Glas Trust Company LLC, a United States-based non-bank loan agency, filed a plea for insolvency against the troubled-ed tech firm Byju's at the National Company Law Tribunal (NCLT) in Bengaluru, a media report said.

IBNSFeb 21, 2024
Ambuja Cements to invest Rs 1,000 cr in Jharkhand

Ambuja Cements to invest Rs 1,000 cr in Jharkhand

New Delhi: Ambuja Cements, a part of the Adani Group, on Wednesday announced its intention to invest Rs 1,000 crore in setting up a cement grinding unit in the Godda district of Jharkhand.

IBNSFeb 21, 2024
India crosses China as HSBC's third-largest profitable business region

India crosses China as HSBC's third-largest profitable business region

HSBC Group Wednesday reported a 25% rise in earnings from its activities in India, reaching $1.5 billion for the fiscal year ending December 2023, media reports said.

IBNSFeb 21, 2024
Sensex falls 434.31 pts after winning run for last six sessions

Sensex falls 434.31 pts after winning run for last six sessions

Snapping a winning streak of the last six sessions ' the BSE Sensex tanked 434.31 pts to settle at 72,623.09 as selling was seen in Utilities, Oil and Gas stocks.

IBNSFeb 21, 2024
Outlook for the Indian economy appears bright, says Finance Ministry report

Outlook for the Indian economy appears bright, says Finance Ministry report

New Delhi: Prospects of healthy Rabi harvesting, sustained manufacturing profitability and underlying service resilience are expected to support economic activity in the financial year 2024-25, said a Finance Ministry report released on Tuesday.

IBNSFeb 20, 2024
RBI Bulletin says India's H1FY24 growth momentum to persist in H2

RBI Bulletin says India's H1FY24 growth momentum to persist in H2

Mumbai: The Reserve Bank of India's (RBI) monthly bulletin indicates that the growth momentum of the Indian economy observed in the first half of the current financial year is expected to continue into the second half.

IBNSFeb 20, 2024
RBI Bulletin says India's H1FY24 growth momentum to persist in H2

RBI Bulletin says India's H1FY24 growth momentum to persist in H2

Mumbai: The Reserve Bank of India's (RBI) monthly bulletin indicates that the growth momentum of the Indian economy observed in the first half of the current financial year is expected to continue into the second half.

IBNSFeb 20, 2024

Stay Updated

Get the latest news delivered to your inbox

Follow Us

Connect with us on social media