Government of Assam signs MoU with Bandhan Bank
Kolkata: Bandhan Bank Wednesday announced that it has secured the mandate to collect revenue on the e-GRAS Portal from the Assam government.
IBNS•Dec 20, 2023
Finance
Business and financial news
Govt debt grows to Rs 205 lakh cr in Sept qtr: Report
New Delhi: The government’s overall debt in the country, which reflects the total value of outstanding bonds traded in the market, increased to USD 2.47 trillion (Rs 205 lakh crore) in the September quarter, compared to USD 2.34 trillion (Rs 200 lakh crore) in the previous fiscal's March quarter, ET reported.
IBNS•Dec 20, 2023
RBI's statistical model predicts India's FY25 GDP growth at 6%
Mumbai: The Reserve Bank of India's statistical model predicts India's GDP growth for the next year (FY25) at 6.0%, which is 50 basis points lower than the central bank's official forecast of 6.5%.
IBNS•Dec 20, 2023
Indian Market: Sensex crashes 930 points
Registering an all-time high in the opening session on Wednesday, it was tanked 930.88 pts to close at 70,506.31 as heavy selling was seen across the board despite the positive global market.
IBNS•Dec 20, 2023
TVS Motor Company launches TVS Apache RTR 310 in West Bengal
Kolkata: Backed by a rich racing pedigree spanning over four decades, TVS Motor Company unveils the latest addition and a new flagship to its iconic Apache line-up: the TVS Apache RTR 310 in Kolkata, West Bengal on Wednesday.
IBNS•Dec 20, 2023
Sensex opens at all-time high of 71,647.66 points
Mumbai/UNI: The BSE Sensex on Wednesday opened a life-time high at 71,647.66 as buying was witnessed across the board.
IBNS•Dec 20, 2023
NTPC Group achieves its fastest-ever 300 Billion Units electricity generation
New Delhi: Government-owned NTPC Group has achieved the fastest ever 300 Billion Units (BU) electricity generation on 18th December 2023, the Ministry of Power said on Tuesday.
IBNS•Dec 20, 2023
Total digital payment transactions jump at a CAGR of 45 % from 2,071 cr in FY18 to 13,462 crore in FY23
New Delhi: India’s total digital payment transactions volume increased from Rs 2,071 crore in FY 2017-18 to 13,462 crore in FY 2022-23 at a CAGR of 45 percent.
IBNS•Dec 19, 2023
CCI green lights Nirma Ltd's acquisition of Glenmark Life Sciences
New Delhi: The Competition Commission of India (CCI) on Tuesday gave its nod to Nirma Limited to acquire the majority shares of Glenmark Life Sciences Limited.
IBNS•Dec 19, 2023
RBI allows digital payment firms Razorpay and Cashfree Payments to function as payment aggregators
Mumbai: Digital payment firms Razorpay and Cashfree Payments have obtained the final approval from the Reserve Bank of India (RBI) to function as payment aggregators, allowing them to onboard new merchants following a nearly one-year regulatory ban, media reports said.
IBNS•Dec 19, 2023
Borrowing for consumer durables on the rise; EMI cards remain popular medium of credit: Survey
Mumbai: The trend in borrowing, in the last three years, has shifted from running the household to buying consumer durable such as smartphones and home appliances, according to a study.
IBNS•Dec 19, 2023
NTPC market cap crosses Rs 3 trillion, joins Reliance, TCS in elite club
Mumbai: The state-owned power generation company, National Thermal Power Corporation (NTPC), has entered the league of companies with a market capitalization exceeding Rs 3 trillion.
IBNS•Dec 19, 2023
Unclaimed deposits with banks rise 28% YoY to Rs 42,272
New Delhi: There has been a significant 28 percent annual increase in unclaimed deposits held by banks, amounting to Rs 42,270 crore, the government informed the Parliament on Tuesday.
IBNS•Dec 19, 2023
RBI prohibits lenders from investing in AIFs linked to their borrowers
Mumbai: The Reserve Bank of India (RBI) on Tuesday said that entities under its regulation, including banks, non-bank lenders, and home financiers, are prohibited from investing in alternative investment funds (AIFs) that have, either directly or indirectly, invested in companies that have borrowed funds from these lenders.
IBNS•Dec 19, 2023
EV registration jumps 19% between June and December
New Delhi: The Ministry of Heavy Industries on Tuesday said that a total of 819,223 electric vehicles (EVs) have been registered, according to a press release.
IBNS•Dec 19, 2023
Varun Beverages to buy Pepsi India's bottler in South Africa
Varun Beverages, the Pepsi India bottler, on Tuesday announced its plans to acquire The Beverage Company, a South Africa-based entity, in a deal valued at 13.2 billion rupees ($158.71 million).
IBNS•Dec 19, 2023
Indian Market: Sensex regains 122 pts
The BSE Sensex on Tuesday bounced back 122.10 pts to close high at 71,437.19 on the strength of Energy, Utilities, FMCG and Consumer Durable stocks.
IBNS•Dec 19, 2023
Sensex falls by over 100 points
Mumbai/UNI: The BSE Sensex on Tuesday lost further by 123.31 points at 71,191.88 in the opening session as selling was seen across the board.
IBNS•Dec 19, 2023
Indian Market: Sensex falls 168.66 pts
The BSE Sensex on Monday declined 168.66 pts to settle at 71,315.09 as selling was seen in Realty, Bankex and Utilities stocks.
IBNS•Dec 18, 2023
Innova Captab Limited’s Initial Public Offering to open on Thursday, sets price band at ₹426 to ₹448 per Equity Share
Mumbai: Pharmaceutical company Innova Captab Limited has fixed the price band at ₹426 to ₹448 per Equity Share for its maiden initial public offer.
IBNS•Dec 18, 2023
Innova Captab Limited’s Initial Public Offering to open on Thursday, sets price band at ₹426 to ₹448 per Equity Share
Mumbai: Pharmaceutical company Innova Captab Limited has fixed the price band at ₹426 to ₹448 per Equity Share for its maiden initial public offer.
IBNS•Dec 18, 2023
Raghuram Rajan explores strategies for India's economic future in ISB discussion
Hyderabad/UNI: Former Reserve Bank of India (RBI) Governor, Raghuram Rajan, shared insights into key strategies that can propel India's growth in the coming decades during a discussion on his latest book, 'Breaking the Mould: Reimagining India's Economic Future,' at the Hyderabad campus of the Indian School of Business (ISB).
IBNS•Dec 18, 2023
PM Modi inaugurates Surat diamond exchange, world's largest centre for global diamond and jewellery business.
Surat: Prime Minister Narendra Modi Sunday officially inaugurated the Surat diamond exchange, a facility that is now bigger than the Pentagon, which was the largest office space globally.
IBNS•Dec 17, 2023
Adani Group takes over news agency IANS
New Delhi: Adani Group has acquired a majority 50.50% stake in New Delhi-based news agency IANS India Pvt Ltd (IANS), according to a regulatory filing by the business conglomerate.
IBNS•Dec 16, 2023
Volvo Car India to hike prices from January
Kolkata: Volvo Car India will increase its ex-showroom prices by up to 2 per cent from January 1, 2024.
IBNS•Dec 16, 2023
Cabinet approves declaration of Surat Airport as an International Airport
New Delhi: The Union Cabinet chaired by the Prime Minister Narendra Modi on Friday approved the proposal to declare Surat Airport as an international airport.
IBNS•Dec 16, 2023
Air India gets DGCA approval for A350 engineering maintenance
Gurugram: Air India has received the DGCA approval for engineering line maintenance of A350 and A320 aircraft, the Tata Group-owned airline said on Friday.
IBNS•Dec 16, 2023
Cargo handling in major ports of India reached 1617 MTPA on March 2023
New Delhi: The cargo handling capacity of the major ports of the country has gone up to 1617.39 Million Tonnes Per Annum (MTPA) as of March 2023, the Minister of Ports said on Friday.
IBNS•Dec 16, 2023
Infinix Smart 8HD smartphones segment begins from Rs. 6299
Kolkata: Smartphone maker Infinix recently introduced the highly anticipated Infinix Smart 8HD, the latest addition to the Smart series.
IBNS•Dec 15, 2023
'Sudden' prohibition on using sugarcane juice for ethanol puts Rs 15,000 crore investment at risk, says ISMA
New Delhi: The sudden ban on the use of cane juice for the production of ethanol has put at risk the Rs 15,000 crore investment made by the sugar industry in the last three years, the Indian Sugar Mill Association (ISMA) said, a media report said.
IBNS•Dec 15, 2023
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