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Vietnamese EV major VinFast plans to invest  USD 2 billion in Tamil Nadu

Vietnamese EV major VinFast plans to invest USD 2 billion in Tamil Nadu

Vietnamese EV manufacturer VinFast and the Tamil Nadu government in southern India have inked a Memorandum of Understanding (MoU) to charge the development of green transportation in India.

IBNSJan 07, 2024
India's forex reserve touches the highest level in 21 months

India's forex reserve touches the highest level in 21 months

India's foreign exchange reserves rose from  $2.759 billion to $623.20 billion in the week which ended on December 29.

IBNSJan 06, 2024
REC Ltd & Bank of Baroda sign MoU to finance power, infrastructure and logistics projects

REC Ltd & Bank of Baroda sign MoU to finance power, infrastructure and logistics projects

New Delhi:  REC Limited, a Maharatna CPSE under the Ministry of Power, signed a Memorandum of Understanding (MoU) with public sector lender Bank of Baroda, on Friday.

IBNSJan 06, 2024
Volvo Car India reports 31% YoY sales growth in 2023

Volvo Car India reports 31% YoY sales growth in 2023

Kolkata: Volvo Car India registered a 31% increase in overall sales compared to the previous fiscal year, according to a press release on Friday.

IBNSJan 06, 2024
Shree Cement announces a new brand identity with ‘Bangur’ as the master brand

Shree Cement announces a new brand identity with ‘Bangur’ as the master brand

Kolkata: Shree Cement Limited has announced a revamp of its corporate brand identity and launched multiple brand offerings, with ‘Bangur’ as the master brand, a press release said.

IBNSJan 06, 2024
Govt projects FY24 GDP growth at 7.3%

Govt projects FY24 GDP growth at 7.3%

New Delhi: India's gross domestic product (GDP) is projected to grow by 7.3 percent in 2023-24, surpassing the 7.2 percent recorded in the previous fiscal year, the Ministry of Statistics and Programme Implementation said Friday.

IBNSJan 06, 2024
Five killed in massive train fire in Bangladesh ahead of polls

Five killed in massive train fire in Bangladesh ahead of polls

Dhaka: At least five people were killed in Bangladesh after a massive fire erupted in a passenger train on Friday.

IBNSJan 06, 2024
Tata Motors introduces first EV architecture 'acti.ev'

Tata Motors introduces first EV architecture 'acti.ev'

Mumbai: Tata Passenger Electric Mobility (TPEM) Friday introduced its first EV architecture named ‘acti.ev’ meant to underpin future products from the TPEM portfolio.

IBNSJan 06, 2024
India taking measures to secure merchant ships amid rise in attacks in the Red Sea region: Report

India taking measures to secure merchant ships amid rise in attacks in the Red Sea region: Report

New Delhi: Amid the recent surge in attacks in the Red Sea region, a senior government official on Friday said that the Indian government is ensuring the security of shipments on the open seas, a media report said.

IBNSJan 06, 2024
Tata Steel India reports 4.88 million tons delivery in Q3FY24; notes sustained growth in Indian steel demand

Tata Steel India reports 4.88 million tons delivery in Q3FY24; notes sustained growth in Indian steel demand

Mumbai: Tata Steel India on Friday said that its crude steel production reached 5.32 million tons, up 6% on QoQ as well as YoY basis.

IBNSJan 05, 2024
Gautam Adani beats Mukesh Ambani as the richest Indian within a year of Hindenburg allegations

Gautam Adani beats Mukesh Ambani as the richest Indian within a year of Hindenburg allegations

Mumbai: Adani Group Chairman Gautam Adani is back at the top of the list of richest Indians, surpassing Reliance Industries Chairman Mukesh Ambani, media reports said.

IBNSJan 05, 2024
Narayan Murthy backs his '70-hour work per week' stance despite flak

Narayan Murthy backs his '70-hour work per week' stance despite flak

Mumbai/IBNS: Infosys co-founder Narayan Murthy has backed his own statement where he advocated work for 70 hours per week, snubbing the backlash which he received from some quarters.

IBNSJan 05, 2024
India's services PMI rises to 59.0 in December from 56.9 in November

India's services PMI rises to 59.0 in December from 56.9 in November

New Delhi/UNI: India's services activities continued growth momentum and picked up in December 2023 on the back of new businesses and strong demand.

IBNSJan 05, 2024
Vietnamese company VinFast to make EV batteries in India

Vietnamese company VinFast to make EV batteries in India

Chennai: Vietnamese electric vehicle manufacturer VinFast is preparing to open its first manufacturing facility in India to produce batteries, media reported.

IBNSJan 04, 2024
Indian Toy industry witnesses 52 pct decline in imports and 239 pct rise in exports in FY 2022-23 in comparison to FY 2014-15

Indian Toy industry witnesses 52 pct decline in imports and 239 pct rise in exports in FY 2022-23 in comparison to FY 2014-15

The Indian Toy industry witnessed remarkable growth in FY 2022-23 in comparison to FY 2014-15, with a decline in imports by 52%, a rise in exports by 239% and a development of the overall quality of the Toys available in the domestic market.

IBNSJan 04, 2024
HDFC Mutual Fund opens 24 new branches to bolster Mutual Fund penetration

HDFC Mutual Fund opens 24 new branches to bolster Mutual Fund penetration

Mumbai: HDFC Mutual Fund has opened 24 new branches across India as a strategic expansion initiative aimed at increasing penetration of mutual funds in India, a press release said on Thursday.

IBNSJan 04, 2024
OALP round-IX launched; ONGC wins 7 Reliance-BP one oil, gas blocks in round VIII bid

OALP round-IX launched; ONGC wins 7 Reliance-BP one oil, gas blocks in round VIII bid

New Delhi: The Ministry of Petroleum and Natural Gas (MoPNG) Wednesday signed contracts for 10 blocks awarded under Open Acreage Licensing Policy (OALP) bid round-VIII and three Coal Bed Methane (CBM) blocks awarded under Special CBM bid round-SCBM 2022.

IBNSJan 04, 2024
Motorola Mobility India appoints T.M. Narasimhan as MD of Mobile Business Group

Motorola Mobility India appoints T.M. Narasimhan as MD of Mobile Business Group

Mumbai: Motorola Mobility India Wednesday announced the appointment of T.M Narasimhan as the Managing Director for Mobile Business Group - India.

IBNSJan 04, 2024
India emerges as fastest growing large economy globally in CY2023-CY 2024: Report

India emerges as fastest growing large economy globally in CY2023-CY 2024: Report

Mumbai: The Indian Equity Market has emerged as one of the best-performing markets in the last two years, according to a report by Pantomath Financial Services Group.

IBNSJan 04, 2024
Adani Ports announces changes in its top leadership: Gautam Adani redesignated as Executive Chairman, Karan Adani becomes MD

Adani Ports announces changes in its top leadership: Gautam Adani redesignated as Executive Chairman, Karan Adani becomes MD

Mumbai: Adani Ports and SEZ, the port and logistics division of the Adani Group, on Wednesday announced a restructuring in its leadership.

IBNSJan 04, 2024
GAIL and TruAlt Bioenergy announce $72 million investment through Compressed Bio Gas JV

GAIL and TruAlt Bioenergy announce $72 million investment through Compressed Bio Gas JV

Delhi/Bengaluru: The government-owned natural gas company GAIL (India) Ltd and the leading ethanol producer in India, TruAlt Bioenergy Ltd, have agreed to GAIL investing in TruAlt's joint venture, Leafinti Bioenergy Ltd.

IBNSJan 04, 2024
PM Modi inaugurates Kochi-Lakshadweep Islands Submarine Optical Fibre Connection

PM Modi inaugurates Kochi-Lakshadweep Islands Submarine Optical Fibre Connection

Kavaratti (Lakshadweep): Prime Minister Narendra Modi on Wednesday inaugurated the Kochi-Lakshadweep Islands Submarine Optical Fibre Connection (KLI-SOFC) project among various developmental initiatives worth more than Rs 1,150 crore in Lakshadweep’s capital Kavaratti.

IBNSJan 03, 2024
At least 100 killed in twin blasts near Iran's top commander Qassem Soleimani's grave

At least 100 killed in twin blasts near Iran's top commander Qassem Soleimani's grave

Dubai/IBNS: At least 100 people died in two explosions caused by 'terrorist attacks' that left scores wounded during a ceremony in Iran to commemorate top commander Qassem Soleimani who was killed by a US drone in 2020, reports said on Wednesday.

IBNSJan 03, 2024
ASI requests court to defer proceedings on disclosure of Gyanvapi report to avoid spread of rumours

ASI requests court to defer proceedings on disclosure of Gyanvapi report to avoid spread of rumours

Varanasi/IBNS/UNI: The Archaeological Survey of India (ASI) Wednesday moved an application in the Varanasi district court with a prayer to differ or adjourn proceedings related to the opening and disclosure of the survey report of the Gyanvapi complex to avoid the spread of rumours and so that it could comply with the orders of the Allahabad High Court.

IBNSJan 03, 2024
Air India appoints P. Balaji as Group Head GRC & Corporate Affairs

Air India appoints P. Balaji as Group Head GRC & Corporate Affairs

Gurugram: Air India Wednesday announced the appointment of P. Balaji in a newly created role of Group Head- Governance, Regulatory, Compliance (GRC) and Corporate Affairs.

IBNSJan 03, 2024
Adani Ports to raise funds up to Rs 5,000 cr via non-convertible debentures

Adani Ports to raise funds up to Rs 5,000 cr via non-convertible debentures

Mumbai: The board of directors of Adani Ports and Special Economic Zone Limited approved the raising of funds up to Rs 5,000 crores through public issuance of non-convertible debentures of the face value of Rs1,000 each amounting up to Rs 5,000 crore through one or more tranches, the company informed stock exchanges on Wednesday.

IBNSJan 03, 2024
Honda Motorcycle & Scooter India closes 2023 with 43,84,559 unit sales, 3,17,123 sold in December 2023

Honda Motorcycle & Scooter India closes 2023 with 43,84,559 unit sales, 3,17,123 sold in December 2023

Honda Motorcycle & Scooter India on Wednesday said the company’s total sales for December’23 stood at 3,17,123 units.

IBNSJan 03, 2024
Bajaj Finance Ltd offers up to 8.85 percent to Digital Fixed Deposit subscribers

Bajaj Finance Ltd offers up to 8.85 percent to Digital Fixed Deposit subscribers

Financial service major Bajaj Finance Ltd., part of Bajaj Finserv on Wednesday announced the launch of Digital Fixed Deposit (FD), offering exclusive rates of up to 8.85 percent on deposits booked via its App and Website.

IBNSJan 03, 2024
Adani Total Gas, Shigan sign MoU for collaboration in decarbonization

Adani Total Gas, Shigan sign MoU for collaboration in decarbonization

Adani Total Gas Limited (ATGL) and Shigan Quantum Technologies Limited (Shigan), an alternative fuel system solutions provider for automotive, locomotive and stationary engine applications, on Wednesday, announced the signing of a Memorandum of Understanding (MoU) that aims at decarbonizing the supply chain by creating an ecosystem which will enable transitioning to cleaner fuels such as CNG and LNG.

IBNSJan 03, 2024
Sensex plunges 535.88 pts

Sensex plunges 535.88 pts

The BSE Sensex on Wednesday lost further by 535.88 pts at 71,356.60 as heavy selling was witnessed in Metal, IT, Technology and Commodities stocks alongwith weak global cues.

IBNSJan 03, 2024

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