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.
Finance
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Truth has prevailed: Gautam Adani on SC's Adani-Hindenburg verdict
New Delhi/IBNS: "Truth has prevailed," said Indian billionaire industrialist Gautam Adani in his first reaction to the Supreme Court order, which denied transfer of probe into the allegations of fraud against the Adani Group of Companies from the Securities and Exchange Board of India (SEBI) to an alternate agency.
Victory for Adani as Supreme Court rules out transferring SEBI probe in Hindenburg case; truth prevailed, says Gautam Adani
In a big boost to the Adani group, the Supreme Court on Wednesday refused to interfere with the Indian securities market regulatory body Securities and Exchange Board of India (SEBI) after a clutch of petitions were filed seeking probe by alternative agency into allegations of fraud against Adani Group of companies in the Hindenburg Research report.
BSE Sensex drops over 300 points
The BSE Sensex on Wednesday lost further by 357.51 points to 71,534.97 in the opening session as selling was seen across the board.
Rupee down 3 paise against USD
Mumbai/UNI: The rupee on Wednesday slipped three paise to 83.34 in the opening session on rising demand for the US dollar by bankers and importers, dealers at the Foreign Exchange said.
Sensex drops by over 300 points
Mumbai/UNI: The BSE Sensex on Wednesday lost further by 357.51 points to 71,534.97 in the opening session as selling was seen across the board.
Hershey's appoints Luigi Miri as its India general manager
Mumbai: Confectionery firm The Hershey Company on Tuesday said that it has appointed Luigi Mirri as the General Manager for India, effective from January 1, media reported.
Canara Bank unveils Data and Analytics Centre in Kerala's Kochi
Kochi: Canara Bank opened its new Data and Analytics Centre (DnA), equipped with state-of-the-art facilities to support innovation and collaboration.
Centre committed to bolstering port infrastructure in all Lakshadweep islands: PM
Lakshadweep: The Union Government is committed to developing port infrastructure facilities in all the islands of Lakshadweep, Prime Minister Narendra Modi said on Tuesday while noting that they are the lifeline of the archipelago.
Bank of Baroda launches multipurpose NCMC RuPay Prepaid Card
Mumbai: Public Sector Lender Bank of Baroda (Bank) Tuesday announced the launch of the National Common Mobility Card (NCMC) RuPay Reloadable Prepaid Card.