India retail inflation touches four-month-high of 5.69 percent
India's retail inflation touched a four-month-high of 5.69 percent in December, official data released on Friday showed.
IBNS•Jan 12, 2024
Finance
Business and financial news
Sensex zooms 847.27 pts, touches record-high on the strength of IT, Technology, Oil and Gas and Energy stocks
Extending rally for the fourth consecutive session on Friday, the BSE Sensex zoomed 847.27 pts to close at 72,568.45 on the strength of IT, Technology, Oil and Gas and Energy stocks.
IBNS•Jan 12, 2024
Indian single malt whisky Rampur Asava wins prestigious John Barleycorn Awards
Indian single malt whisky Rampur Asava has been awarded the Best World Whisky in the 2023 edition of the John Barleycorn Awards.
IBNS•Jan 12, 2024
SBI launches Green Rupee Term Deposit. Know who can avail them
The country's largest lender State Bank of India (SBI) has launched the SBI Green Rupee Term Deposit (SGRTD) with the aim of mobilizing funds to support environment-friendly initiatives and projects.
IBNS•Jan 12, 2024
JSW and Coolbrook ink strategic cooperation agreement for industrial electrification technology to drive decarbonisation
Mumbai/Ballari/ Helsinki: JSW Group has entered into a strategic cooperation agreement with Coolbrook, a transformational technology and engineering company headquartered in Finland.
IBNS•Jan 12, 2024
Tata Power's Haldia Power Project achieves record operational excellence
Haldia (West Bengal): Tata Power's Haldia Power plant in West Bengal achieved a plant load factor (PLF) that's 34% higher than the national thermal plant average.
IBNS•Jan 12, 2024
NSDL gets GLEIF accreditation for Legal Entity Identifier issuance in India
Mumbai: National Securities Depository Limited (NSDL) has received accreditation to commence Legal Entity Identifier (LEI) related services from the Global Legal Entity Identifier Foundation (GLEIF) in December 2023, a press release said.
IBNS•Jan 12, 2024
Hiring in the IT sector dropped by 21% in December 2023; AI job offers increase
New Delhi: Hiring in the IT sector declined by 21% in December 2023 as against the same month of 2022 and by 4% as compared to the immediately preceding month of November 2023, revealed the Naukri JobSpeak Index.
IBNS•Jan 12, 2024
Polycab India plunges 22% as I-T dept recovers 'unaccounted sales' of Rs 1,000 crore
Mumbai: Polycab India's shares witnessed a sharp decline of 22 percent in morning trade on January 11 following revelations by the income tax department about the discovery of around Rs 1,000 crore in "unaccounted cash sales" during raids on the company's offices the day before, media reports said.
IBNS•Jan 11, 2024
Reliance was, is and will remain a Gujarati company: Mukesh Ambani at Vibrant Gujarat Global Summit
Gandhinagar/IBNS/UNI: Billionaire industrialist Mukesh Ambani highlighted his roots to the western state of Gujarat, which is also the homestate of Prime Minister Narendra Modi, at the Vibrant Gujarat Global Summit 2024 here on Wednesday.
IBNS•Jan 11, 2024
Haldia Petrochemicals becomes India’s first BSI Certified ISO 27001:2022 Petrochemical firm
Kolkata: Haldia Petrochemicals Ltd (HPL) on Wednesday became the first ISO 27001:2022 certified petrochemical organisation in the industry by BSI (British Standards Institution), a renowned certification body.
IBNS•Jan 11, 2024
JSW Cement picks bankers to initiate Rs 6,000 cr IPO: Report
Mumbai: Sajjan Jindal's JSW Group has engaged investment bankers to assist in the initial public offering (IPO) of its subsidiary, JSW Cement, media reported.
IBNS•Jan 11, 2024
India, UAE aim at expanding bilateral trade to $100 billion; start Rupee-Dhiram trade: Piyush Goyal
Ahmedabad/IBNS/UNI: India and the United Arab Emirates (UAE) aspire to expand their bilateral trade to US$100 billion, Commerce and Industry Minister Piyush Goyal said on Wednesday.
IBNS•Jan 11, 2024
SpiceJet shareholders approve plan to raise funds via shares and warrants
Mumbai: Shareholders of SpiceJet have approved the company's proposal to raise funds through the issuance of equity shares and warrants, according to a regulatory filing following the annual general meeting (AGM) on January 10.
IBNS•Jan 10, 2024
ArcelorMittal world's largest steel plant Gujarat's Hazira with 24 MT capacity per annum
Kolkata: Steel and mining company ArcelorMittal Wednesday announced the construction of the world's single-biggest steel manufacturing factory at Hazira in Gujarat.
IBNS•Jan 10, 2024
Mercedes-Benz unveils new AI-based virtual assistant for cars
Auto major Mercedes-Benz is showcasing a raft of developments that define its vision for the hyper-personalised user experience of the future – in-car and beyond. Headlining those is the new, integrated MBUX Virtual Assistant.
IBNS•Jan 10, 2024
Sensex surges 271 pts to close at 71,657.7
The BSE Sensex on Wednesday rallied 271.50 pts to close at 71,657.71 as buying was seen in BSE services and consumer durable stocks despite a weak Asian market.
IBNS•Jan 10, 2024
Shyam Metalics and Energy Limited raises Rs. 1,385 crores through QIP
Shyam Metalics and Energy Limited (SMEL), a prominent integrated metal-producing company based in Kolkata, is pleased to announce the successful completion of its fundraise of Rs. 1,385 crores through a Qualified Institutional Placement (QIP) against the total bid amount of Rs. 4055 Crs- representing 3.5 times the issuance.
IBNS•Jan 10, 2024
Mukesh Ambani, Gautam Adani and Tatas line up fresh investments in Gujarat
Ahmedabad/UNI: Remaining highly bullish on India's growth story, top business leaders Mukesh Ambani, Gautam Adani and N Chandrasekaran committed more investments in Gujarat on Wednesday to further grow their presence in the coastal state.
IBNS•Jan 10, 2024
ONGC extracts 'First Oil' from block in Krishna-Godavari Basin; production expected to reach 45,000 barrels/day
New Delhi: India's energy output is all set to get a mega boost as state-owned oil explorer ONGC started extraction on January 7 from a deep-sea project at the Krishna-Godavari Basin, with the potential to produce 45,000 barrels per day by May-June of this year.
IBNS•Jan 10, 2024
Starbucks to boost growth in India with 1,000 stores by 2028
Bengaluru: Starbucks has announced plans to expand its presence in India, aiming to operate 1,000 stores in the country by 2028, with the goal of opening a new store every three days, media reports said.
IBNS•Jan 10, 2024
Indian market witnesses slight improvement, Sensex gains 30.99 pts to close at 71,386.21
The BSE Sensex on Tuesday registered a small gain of 30.99 pts to close at 71,386.21 on the strength of Realty, Power and Auto stocks.
IBNS•Jan 09, 2024
Bloomberg proposes to include Indian bonds in Emerging Market Local Currency Index
Bloomberg Index Services has proposed to include Indian bonds in the Emerging Market Local Currency Index, media reports said.
IBNS•Jan 09, 2024
Boeing shares dip by 9% after 737 Max door blowout incident mid-air
Following the U.S. aviation regulator's temporary grounding of some of its best-selling 737 MAX jets, Boeing shares plunged 8.6% in early U.S. trade on Monday, wiping off about $13 billion in market value, according to Reuters.
IBNS•Jan 08, 2024
Indian market experiences Monday blues after Sensex tanks 670.83 pts
Snapping a winning streak of the last two sessions, the BSE Sensex on Monday dropped 670.83 pts to settle at 71,355.24 as selling was witnessed in FMCG, Metal, Bankex and Financial Services stocks.
IBNS•Jan 08, 2024
Narendra Modi government's Interim Budget likely to set nominal GDP growth at 10-10.5 pct
The Indian government will present its interim budget on Feb 1, just months before the country is expected to vote in the Lok Sabha polls this year.
IBNS•Jan 08, 2024
As India surges ahead in digital payments, US plays catch-up
Gene Bradford opens up his shop, West Main Auto Repair, each morning at 8 a.m in Lexington, Georgia (USA). He’s lived in the small, close-knit community of Oglethorpe County for years now, and has come to know his customers’ personalities, mannerisms – and preferred forms of payment.
IBNS•Jan 08, 2024
As India surges ahead in digital payments, US plays catch-up
Gene Bradford opens up his shop, West Main Auto Repair, each morning at 8 a.m in Lexington, Georgia (USA). He’s lived in the small, close-knit community of Oglethorpe County for years now, and has come to know his customers’ personalities, mannerisms – and preferred forms of payment.
IBNS•Jan 08, 2024
Tata Punch EV prices leaked from website ahead of launch: Company calls it technical glitch
Mumbai: The prices of Punch.ev have apparently leaked from Tata’s booking portal, according to many buyers who booked Punch EV, a report said.
IBNS•Jan 07, 2024
Zomato delivery agents tipped Rs 97 lakhs by customers this New Year
Mumbai: This New Year's Eve, apart from the restaurants, bakeries and other food joints, those delivering them to their doorstep also benefited from the celebrations.
IBNS•Jan 07, 2024
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