Business and financial news
Mumbai: Mazagon Dock Shipbuilders Ltd revealed on December 15 that it has secured a $42 million deal with a European client for the construction of three multi-purpose hybrid-powered vessels.
New Delhi: After reaching a record high in October, India's merchandise trade deficit contracted to $20.58 billion in November 2023, primarily due to a substantial decline in gold imports, as reported by the commerce ministry on December 15.
Mumbai/UNI: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 14 lakh on five co-operative banks for non-compliance with rules on Friday.
The BSE Sensex remained on top on Friday too, as it opened at 70,804.13, advancing 290 pts on the strength of Metal, Oil and Gas and Energy stocks.
Kolkata: Seventeen start-ups from India, Nepal, Bhutan and Bangladesh are participating in a three-day workshop organised by the U.S. Consulate General Kolkata and KIIT-Technology Business Incubator (KIIT-TBI) here on Wednesday.
The holiday season is upon us, and with it comes a surge in demand for bicycles.
Patna: The Adani Group plans to invest Rs 8,700 crore in Bihar across various sectors, generating employment opportunities for approximately 10,000 people, said Adani Enterprises Director Pranav Adani.
Mumbai/UNI: The rupee on Thursday rallied eight paise at 83.32 in the opening session against US Dollar on the sale of US dollars by bankers and exporters, dealers at the Foreign Exchange said.
Mumbai/UNI: The BSE Sensex on Thursday posted huge gains of 787.90 points to 70,372.50 in the opening session, as buying was seen across the board.
Kolkata: Bandhan Bank, a pan-India universal bank, on Wednesday announced that it has been authorised by the Reserve Bank of India (RBI) for the disbursement of pensions through e-PPOs on behalf of the Ministry of Railways.
Mumbai: Jaguar Land Rover on Wednesday opened the wait list for its highly anticipated Range Rover Electric, ahead of formal orders opening to clients.
Washington: The November wholesale inflation in the United States remained steady, indicating a gradual easing of price increases in the economic pipeline, AP reported.
London: Jaguar Land Rover (JLR) announced on Tuesday an enhanced collaboration with Tata Communications to ensure a future-ready digital transformation across the global sites of the British automaker, a report in the media said.
Mumbai: Reliance Industries and DBS Bank India have come together to launch a financing program to facilitate compressed biogas (CBG) plant projects.
Mumbai: Hindustan Coca-Cola Beverages (HCCB), the Indian bottling unit of Coca-Cola, has committed to investing Rs 3,000 crore in Gujarat.
The BSE Sensex on Wednesday ended positive at 69,584.60, rising 33.57 pts on the strength of Utilities, Realty, Capital Goods and Industrials stocks.
Mumbai/UNI: The BSE Sensex on Wednesday lost another 286 points at 69,264.53 in the opening session as selling was seen in IT, Bankex, consumer durables, and metal stocks.
Astana: Kazakh President Kassym-Jomart Tokayev has signed a landmark decree earlier this month regarding measures to increase the efficiency of attracting investment into Kazakhstan’s economy and accelerating economic growth, reported The Astana Times quoting the Press Office of the President
New Delhi: The India H2 Alliance announced on Tuesday that it has broadened its membership by welcoming seven new industry participants, a statement said.
Mumbai: Capri Global Capital Limited (CGCL) has received a composite Corporate Agency license from the Insurance Regulatory and Development Authority of India (IRDAI) to distribute life, general, and health insurance products, a press release said.
New Delhi: To strengthen India's aerospace manufacturing and maintenance, repair, and overhaul (MRO) sector, Civil Aviation Minister Jyotiraditya Scindia on Tuesday urged leaders of aerospace manufacturing companies to work together and share their needs from various government departments, an official release said.
Chennai: American manufacturer of Gorilla Glass, Corning Inc, which is also a key supplier for Apple, is planning to set up a manufacturing facility in Tamil Nadu with an investment of Rs 1,000 crore, The Economic Times (ET) reported on Tuesday.
New Delhi: The Lok Sabha on Tuesday approved a net supplementary expenditure of Rs 58,378 crore for the current fiscal year, ending in March 2024.
Mumbai: SpiceJet's board on Tuesday approved the raising of fresh capital exceeding Rs 2,250 crore, ET reported.
Mumbai: Yes Bank is planning to sell another portfolio worth a little over Rs 4,200 crore, ET reported.
New Delhi: The Adani Group has been maintaining its relationship with a contentious contracting firm controlled by a Taiwanese family, Bloomberg reported.
Driven primarily by food prices, India's consumer price index (CPI)-based inflation inched up to 5.55% in November 2023 from 4.87% in the previous month.
The BSE Sensex on Tuesday tumbled down 377.50 pts to settle at 69,551.03 as selling was seen in Realty, Oil and Gas, Energy, and Utilities stocks amid a positive Asian Market.
Mumbai: Jaipur-based hyperlocal jewellery retail chain Motisons Jewellers focuses on offering designs, high quality, transparency and customer service to its customers, has fixed the price band at ₹52 to ₹55 per Equity Share for its maiden initial public offer.
Mumbai/UNI: The BSE Sensex on Tuesday opened a historic high, breaching the 70K level at 70,020.68 as buying was witnessed in utilities, Asian paints, and Bankex stocks.
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