Business and financial news
Bandhan Mutual Fund announced the launch of the Bandhan Nifty Smallcap 250 Index Fund, an open-ended fund that tracks the Nifty Smallcap 250 Index comprised of stocks ranked 251-500 by market capitalization.
The BSE Sensex on Monday ended at new peak at 69,928.53, rising 102.93 as buying was seen in Commodities, Metal, and Capital Goods stocks.
In a remarkable journey that spans from struggling with a meager budget of Rs 500 to transforming into a visionary investor pouring Rs 500 crore into Punjab, Bhagwant Singh, an Oman-based businessman with roots in Khanna, has become a symbol of entrepreneurial triumph and philanthropy.
Shillong: Union Minister of Road Transport and Highways Nitin Gadkari on Saturday announced an allocation of Rs. 1,241 crore for the enhancement and expansion of the Phulbari-Tura segment on National Highway 127B in Meghalaya.
New Delhi: The Ministry of External Affairs (MEA) on Saturday said that a technical correction is being made to change the name of the minister, who responded to the question on Hamas in Lok Sabha.
New Delhi: State-owned NBFC REC Limited signed a 200 million Euro loan agreement with the German bank KfW on Saturday to enhance the distribution infrastructure of DISCOMs in line with the Revamped Distribution Sector Scheme (RDSS) of the government.
New Delhi: Public sector lender Punjab National Bank (PNB) has asked its customers to update their Know Your Customer (KYC) information before December 18 to ensure the smooth functioning of their accounts, an official release said.
Aditya Birla Health Insurance Co. Limited ('ABHICL'), the health insurance arm of Aditya Birla Capital, on Thursday, announced the launch of ‘Activ One’ which the company promises to provide simplified and comprehensive healthcare solution, including 100 percent returns, to policyholders.
New Delhi: India and South Korea launched the India-Korea Electronic Origin Data Exchange System (EODES) aimed at facilitating the smooth implementation of the India-Korea Comprehensive Economic Partnership Agreement (CEPA), the Ministry of Finance said in a statement.
Mumbai: VF Growth (Singapore) Pte Ltd, the venture capital fund affiliated with Japan's Softbank, has completed its exit from food delivery company Zomato, through open market transactions conducted on Friday, media reports said.
New Delhi: The government has allocated 1500 MW of power from the Central pool to Jammu Kashmir to cover the shortages during the winter months, the Ministry of Power said in a statement.
Mumbai: The GDP growth projection for 2023-24 has been increased to 7%, from the previous estimate of 6.5%, Reserve Bank of India (RBI) Governor Shaktikanta Das said During the Monetary Policy Committee meeting announcements on Friday.
Kolkata/ Hyderabad: Scania Commercial Vehicles Pvt Ltd has entered into an exclusive partnership with PPS Motors, designating the company as the sole representative for Scania's mining tippers in India, according to a press release.
Mumbai: India's foreign exchange reserves swelled by USD 2.538 billion, reaching USD 597.935 billion for the week ending November 24, according to the Reserve Bank.
Mumbai: Tata Power’s market capitalization has crossed Rs 1 lakh crore (1 trillion), making it the second infrastructure and sixth company from Tata Group to achieve this milestone, the company said in a press release.
Bengaluru: The founders of Zerodha, Nithin, and Nikhil Kamath, took home a remuneration of Rs 72 crore each for the fiscal year ending March 2023, according to filings with the Ministry of Corporate Affairs.
Lucknow (UP): In a strategic move to increase its footprint in Tier I and II cities, Max Healthcare Institute (MHIL) announced on Friday the completion of a share purchase agreement to acquire a 100% stake in Starlit Medical Centre.
Mumbai: The Reserve Bank of India's Monetary Policy Committee (RBI MPC) kept the repo rate unchanged at 6.5 percent for the fifth time in a row on Friday, thus maintaining the status quo.
Mumbai: The BSE Sensex on Friday ended an all-time high at 69,826.07, surging 304.33 pts in the strength of Technology, Bankex and IT stocks.
Mumbai: Japanese investment holding firm SoftBank is aiming to divest a 1.1% share in the Indian food delivery service Zomato through a block deal valued at 11.28 billion rupees ($135.36 million), as per sources cited by CNBC-TV18 on Thursday.
Kolkata: Leading motorcycle manufacturer Royal Enfield on Friday said it has witnessed a 'robust growth' in the East region, accounting for 27% of overall motorcycle sales for the brand in the past year.
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) showcased the various projects and initiatives it is undertaking to improve India’s logistics efficiency to the World Bank Team.
New Delhi/IBNS/UNI: In a significant step, the Reserve Bank of India (RBI) on Friday announced the raise of the Unified Payments Interface (UPI) transaction limit for hospitals and educational institutions to Rs. 5 lakh, media reports said.
New Delhi: Regional Connectivity Scheme (RCS)-UDAN has enhanced regional air connectivity by connecting previously unserved and underserved airports in remote areas of the country.
Mumbai: Leading banks and non-banking financial institutions in India have reportedly asked their fintech partners to limit the issuance of small personal loans, as disclosed by three banking sources and one industry insider on Thursday, Reuters reported.
Mumbai: Institutional investors have oversubscribed the government's offer to sell an 8% stake in government-owned IRCON International, with bids exceeding Rs 2,400 crore on Thursday.
New Delhi/UNI: Painting a rosy picture of the economy and stating that the Indian economy remains the fastest-growing economy in the world, Finance Minister Nirmala Sitharaman on Thursday said that all sectors of the economy are performing well.
New Delhi: Soma Mondal, the first female chair of the state-run Steel Authority of India (SAIL), has taken the 70th position in Forbes' 2023 list of the World's Most Powerful Women.
The airline sector is expected to achieve a net profit of $25.7 billion in 2024, reflecting a return to more typical growth in both passenger and cargo segments, the International Air Transport Association (IATA) on Wednesday said.
New Delhi: The government on Wednesday sought Parliament's approval for an additional spending of Rs 1.29 trillion in the fiscal year 2024.
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