Business and financial news
Mumbai: The net AUM of the mutual fund industry rose 33.11% YoY at Rs 52.74 lakh crore in January 2024, as against Rs 39.62 lakh crore in January 2023, according to a report.
New Delhi: Japan has committed an Official Development Assistance (ODA) loan of an amount of 232.209 billion yen for nine projects in various sectors, the Ministry of Finance said on Tuesday.
New Delhi: The coal ministry Tuesday opened the bids for the 9th round and second attempt of the 7th round of commercial coal mines’ auction, which was launched on December 20, 2023.
New Delhi: Finance Minister Nirmala Sitharaman has decided to hold a meeting with heads of financial technology companies next week to urge them to adhere strictly to regulatory guidelines, media reports said.
New Delhi: Discussions between the Indian Government and Tesla in connection with Tesla's entry into the electric vehicles (EV) sector in India are expected to slow down due to the upcoming general elections, a media report said.
New Delhi: India intends to advocate for the termination of the moratorium on customs duties on e-commerce goods at the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) in Abu Dhabi later this month, media reported citing officials.
Indicating an uptick in employment, the EPFO has said that it added 15.62 lakh net members during December 2023, which is the highest in the previous 3 months.
Sun Pharma on Tuesday said that it has decided to acquire a 16.33% stake in the US-based Surgimatix for US$ 3.05 million.
Extending rally for the sixth straight session on Tuesday the Sensex breached 73K level to finish at 73,057.40 surging 349.24 pts on the strength of Bankex, Realty and Power stocks despite weak global cues.
Eastern India focused GPT Healthcare, which operates and manages mid-sized multispecialty hospitals under the ILS Hospitals brand, has fixed the price band of Rs.177- to Rs.186 per Equity Share of face value Rs.10 each for its maiden initial public offer.
Public sector NBCC India Ltd on Monday said that it has received three different work orders worth Rs 369 crore.
The equity market remained strong for the fifth consecutive session on Monday as the BSE Sensex closed a new high at 72,708.16' advancing 281.52 pts on positive global cues.
LIC of India launched a new product LIC’s Amritbaal at the hands of Dr. Vivek Joshi, Secretary, Financial Services, Ministry of Finance, GOI.
Magadh Sugar & Energy Limited (MSEL) reported a Profit After Tax (PAT) of Rs 39 crore, marking an increase from Rs 22 crore recorded in the same quarter of the previous fiscal year, Q3FY23.
The Reserve Bank of India (RBI) released a set of frequently asked questions (FAQs) on February 16 specifically addressing bank account holders of Paytm Payments Bank. Below is the complete text of the FAQs:
Mumbai: One97 Communications, the parent company of Paytm, has transferred its nodal account from Paytm Payments Bank to Axis Bank.
Mumbai: The Reserve Bank of India (RBI) on Friday extended the deadline for Paytm Payments Bank Ltd (PPBL) to cease accepting new deposits and conducting credit transactions.
Mumbai: The Life Insurance Corporation of India (LIC) on Friday said that it had received a tax refund amounting to Rs 21,740.77 crore from the Income Tax Department for the assessment years spanning from 2013 to 2020.
US sportswear giant Nike is planning to slash 1,600 people, which comprises 2 percent of its workforce, media reports said.
Mumbai: Indian equity markets rose for the third consecutive day following positive global cues on February 15.
The BSE Sensex remained firm for the fourth consecutive session on Friday as it gained 319.34 pts at 72,369.72 in opening session as almost all sbuying was seen across the board.
Mumbai: The RBI restrictions on Paytm have been imposed after thorough consideration as is the case in all the decisions made by the Central bank, RBI Governor Shaktikanta Das has said, reported media.
Pratapgarh (Rajasthan): An ICICI Bank branch manager and his associates successfully met their business performance goals over several years by withdrawing funds from the accounts of unsuspicious customers at their branch, media reports said.
IT major Cisco on Wednesday announced its plan to lay off 5 percent of its global workforce.
Mumbai: Edelweiss Asset Management Limited (EAMC/EMF) announced the launch of the Edelweiss Technology Fund, an open-ended equity scheme investing in technology and technology–related companies.
Kolkata: The Eirich Group, with Maschinenfabrik Gustav Eirich as its strategic center in Hardheim, Germany, Thursday announced the inauguration of its new state-of-the-art manufacturing plant in Chakan Industrial Area, Pune.
Kolkata: Turms Intelligent Apparel, which manufactures stain-repellent and odour-free garments, has recently been featured on the popular television reality series ‘Shark Tank’ and onboarded the founder of media app InShorts as an investor at a Rs 30 crore valuation, a press release said.
Mumbai: The RBI restrictions on Paytm have been imposed after thorough consideration as is the case in all the decisions made by the Central bank, RBI Governor Shaktikanta Das has said, reported media.
Pratapgarh (Rajasthan): An ICICI Bank branch manager and his associates successfully met their business performance goals over several years by withdrawing funds from the accounts of unsuspicious customers at their branch, media reports said.
IT major Cisco on Wednesday announced its plan to lay off 5 percent of its global workforce.
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