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.
Finance
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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.