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.
Finance
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
'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.
Mazagon Dock seals $42 Million deal with European partner for trio of vessels
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.
India's November merchandise deficit narrows by 2.84% YoY to $20.58 billion
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.
RBI imposes monetary penalty on five co-operative banks for non-compliance of rules
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.
Indian Market: Sensex still on top, opens at 70,804.13 pts
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.
U.S. Consulate General Kolkata and KIIT-Technology Business Incubator hosting three-day workshop for entrepreneurs from four nations
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.
Walmart, Hero Cycles pedal towards resilient supply chains with “Make in India” triumph
The holiday season is upon us, and with it comes a surge in demand for bicycles.
Adani Group plans to invest Rs 8,700 cr in Bihar; will add 10,000 jobs
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.
Rupee up 8 paise against USD
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.