Sensex on top, up by over 300 points
Mumbai/UNI: The BSE Sensex continued to climb as it spurted 378 points at 71,715.05, a new high as buying was seen across the board in the opening session on Wednesday.
IBNS•Dec 27, 2023
Finance
Business and financial news
Strong macroeconomic fundamentals and resilient earnings growth to help Indian mutual fund industry to sustain growth in 2024
Mumbai: The Indian mutual fund industry, which has witnessed a 125 percent surge in net inflows and around 24% percent growth in Assets under Management (AUM) since the beginning of this calendar year, is likely to sustain its growth momentum in 2024 backed by strong macroeconomic fundamentals of the Indian economy and resilient earnings growth, according to ICRA Analytics.
IBNS•Dec 27, 2023
TCIL pays dividend of Rs 14.20 cr to govt for FY23
New Delhi: Telecommunications Consultants India Ltd (TCIL) paid a dividend of Rs 14.20 crore to the government for the Financial Year 2022-23.
IBNS•Dec 27, 2023
India's forex reserves increase by $9bn last week: Reports
India's foreign exchange reserve has spiked by $9.112 billion to $615.971 billion in the week ending December 15, 2023, media reports said.
IBNS•Dec 26, 2023
Fitch Ratings India hopes India to remain among fastest growing economy in 2024-25
Fitch Ratings hopes that India will mark a GDP growth of 6.5 per cent in 2024-25, a move which will ensure India to remain among the world's fastest-growing countries.
IBNS•Dec 26, 2023
Amid global slowdown, large tech companies almost halt hiring in India: Report
Mumbai/IBNS: Large tech companies have nearly stopped hiring new employees amid the global slowdown, media reports said.
IBNS•Dec 26, 2023
Indian Market: Sensex up over 100 points during early trade after Christmas closure
The BSE Sensex on Tuesday rallied 146 points at 71,253.63 as buying was seen across the board.
IBNS•Dec 26, 2023
Infosys loses mega deal with AI firm following CFO's exit
Mumbai/IBNS: Narayan Murthy's Infosys has lost a mega deal with an undisclosed AI firm days after a sudden resignation by the company CFO Nilanjan Roy, media reports said.
IBNS•Dec 25, 2023
Paytm fires 1,000 employees days after announcing to hire 50,000 people
Mumbai/IBNS: India's multinational fintech company Paytm has fired 1,000 employees days after announcing the hiring of 50,000 people, media reports said.
IBNS•Dec 25, 2023
Tata-owned Air India receives India's first Airbus A350 aircraft
Tata-owned Air India on Saturday (December 23, 2023) welcomed the first of 20 Airbus A350-900 aircraft, registered VT-JRA, in the airline’s bold new livery, marking a turning point in its ongoing transformation story.
IBNS•Dec 23, 2023
Govt extends import duty exemption on Masur dal till March 2025
New Delhi: The government has extended import duty exemption on Masur dal (lentil) by one year till March 31, 2025 with aim to keep the prices under check, a notification said on Friday.
IBNS•Dec 23, 2023
Aditya Birla Group to set up Rs 8000 cr alumina refinery in Odisha
Bhubaneswar: The Aditya Birla Group will set up an alumina refinery at an investment of Rs 8,000 crore and an apparel unit for an unkown amount of investment in Odisha’s Rayagada district.
IBNS•Dec 23, 2023
On IMF's warning on debt, Centre says India's borrowings still below 2002 level
New Delhi: In response to the International Monetary Fund's (IMF) warning about alleged government debt vulnerabilities in India, the Central government stated on Friday that certain assumptions have been made which do not accurately represent the actual situation.
IBNS•Dec 23, 2023
Axis India Manufacturing Fund's NFO collects over Rs 3,400 cr investment
Mumbai: The Axis India Manufacturing Fund's new fund offer (NFO) has garnered more than Rs 3,400 crore, marking the highest-ever collection in a thematic fund in 2023, a press release said.
IBNS•Dec 23, 2023
Centre releases Rs 72,961.21 cr as additional installment of tax devolution to states
New Delhi: The Centre has authorised the release of an additional installment of tax devolution amounting to Rs 72,961.21 crore to the states, the Ministry of Finance said on Friday.
IBNS•Dec 23, 2023
India and ADB sign $100 million loan agreement to improve urban services and tourism facilities in Tripura
New Delhi: The government on Friday signed an agreement with the Asian Development Bank (ADB) to avail of a USD 100 million loan to improve urban services and tourism facilities in the northeastern state of Tripura.
IBNS•Dec 22, 2023
RBI's MPC Committee airs concern about trends in food inflation
Mumbai: All the six members of Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) expressed concern over food inflation, and two external members cautioned against the elevated real interest rates as headline inflation nears its 4 percent target, media reports said, citing the minutes of the meeting.
IBNS•Dec 22, 2023
Tencent spearheads $80 billion decline in value amid fears of China's crackdown on gaming industry
Beijing: Tencent Holdings Ltd. led an $80 billion market rout in several major Chinese online companies, following the sudden implementation of new gaming restrictions that reignited concerns about Beijing's renewed focus on the nation's vast internet sector, Bloomberg reported.
IBNS•Dec 22, 2023
Waaree completes 50MW solar module supply to a USA firm
Indian solar panel manufacturing firm WAAREE Energies ltd on Thursday said it has completed the timely delivery of 50 MW Solar modules Fortune 500 Company, in USA.
IBNS•Dec 22, 2023
Indian Market: Sensex advanced 241.86 pts
The BSE Sensex on Friday further gained by 241.86 pts at 71,106.96 as renewed buying was seen in Realty, Technology, IT and Metal stocks.
IBNS•Dec 22, 2023
Indian-American CEO of Wayfair tells employees to work for long hours
Indian-American CEO of a US-based online furniture company has sent a special message to its employees after the firm yielded profitable results.
IBNS•Dec 22, 2023
Rupee rises 4 paise against USD
Mumbai/UNI: The Rupee on Friday gained four paise at 83.24 in the opening session on selling of US Dollar by bankers and exporters, dealers at the Foreign Exchange said.
IBNS•Dec 22, 2023
Sensex up by over 100 pts
Mumbai/UNI: The BSE sensex on Friday advanced 180 pts to open at 71,045.65 as renewed buying was seen in Commodities, Consumer Discretionary Goods and Services stocks.
IBNS•Dec 22, 2023
Sensex down by over 500 points
Mumbai/UNI: The BSE Sensex remained under pressure for the second straight session on Thursday as it dropped 586 pts at 69,920.89 in the opening session as selling was seen across the board.
IBNS•Dec 21, 2023
BPCL plans to invest Rs 5,044 crore to set up polypropylene unit at Kochi refinery
Mumbai: Bharat Petroleum Corporation Limited (BPCL) on Wednesday announced an investment of Rs 5,044 crore to set up a polypropylene unit at Kochi refinery.
IBNS•Dec 21, 2023
Over 99% ration cards seeded with Aadhar to target genuine PDS beneficiaries
New Delhi: Around 99.8% of ration cards have been seeded with Aadhaar for the rightful targeting of Public Distribution System (PDS) beneficiaries in the country.
IBNS•Dec 21, 2023
Mukesh Ambani-led Reliance Industries continues to top in media visibility: Report
Mumbai: Mukesh Ambani's Reliance Industries Ltd, the leading Indian company in terms of revenues, profits, and market value, bagged the top position in the 2023 Wizikey News Source ranking as the most prominently featured corporate in the media, a media report said.
IBNS•Dec 21, 2023
Govt to unveil data protection law soon, official notification likely in Jan: Report
New Delhi: The government is set to release the draft regulations for the Digital Personal Data Protection Law shortly, and intends to officially notify in January, Moneycontrol reported.
IBNS•Dec 21, 2023
India’s inflation expected to ease to 4.6% in the first three qtrs of next fiscal: RBI Bulletin
Mumbai: India’s inflation is anticipated to ease to 4.6% during the first three quarters of the fiscal year 2024-25 (FY25), according to the Reserve Bank of India's December 2023 bulletin released on Wednesday.
IBNS•Dec 20, 2023
UPI transactions in Dec 2023 touch Rs 17.4 lakh cr: RBI Bulletin
Mumbai: The UPI transactions reached a cumulative value of Rs 17.4 lakh crore in December 2023 according to the Reserve Bank of India's monthly bulletin.
IBNS•Dec 20, 2023
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