Kia introduces new K-Charge Initiative featuring 1000+ charging stations in India
Car maker Kia India unveiled K-Charge — an initiative in the 'MyKia' app that allows users to discover over 1000 EV charging stations nationwide.
Finance
Indian Market: Sensex closes at 69,653.73 pts
Extending rally for the third straight session on Wednesday, the BSE Sensex ended at a new peak at 69,653.73, up 357.59 pts following gains in Power, Utilities, Oil and Gas and IT stocks.
Air India’s IT infrastructure is now cloud-only, historic data centres closed
Gurugram: Tata Group-owned airline Air India has successfully migrated to cloud-only IT infrastructure, having closed its historic data centres located in Mumbai and New Delhi, an official release said on Tuesday.
RBI cracks whip on peer-to-peer lenders over violation of rules and misselling: Report
Mumbai: The Reserve Bank of India has instructed peer-to-peer lending platforms to halt certain activities after inspections revealed violations of rules and deceptive sales practices, Reuters reported.
CBI searches 13 locations in various cities in UCO Bank's Rs 820 cr IMPS transaction incident
New Delhi: The Central Bureau of Investigation (CBI) has filed an FIR related to IMPS transactions amounting to Rs 820 crore in UCO Bank in November this year.
P.C. Sen Charitable Trust, supported by Senco Gold & Diamonds, inaugurates Prabhat Diagnostics Centre at Rasapunja
Kolkata: P.C. Sen Charitable Trust, supported by Senco Gold and Diamonds, inaugurated Prabhat Diagnostics Centre at Rasapunja area in West Bengal’s South 24 Parganas district on Tuesday.
Adani Group completes stake purchase in Sanghi Industries Ltd
Mumbai: Adani Group-owned Ambuja Cements completed the acquisition of Sanghi Industries Ltd (SIL) at a revised offer price of Rs 121.90 per share, ET reported.
Moody's downgrades China's credit rating outlook from 'stable' to 'negative'
Beijing: Ratings agency Moody's on Tuesday revised China's credit rating outlook from "stable" to "negative" due to the increasing debt in the world's second-largest economy.
21,791 fake GST registrations, tax evasion of over Rs 24,000 cr uncovered: Sitharaman
New Delhi: GST officers have identified 21,791 fraudulent GST registrations and uncovered potential tax evasion exceeding Rs 24,000 crore during a two-month-long special drive, Finance Minister Nirmala Sitharaman on Tuesday said.
SBI to increase stake in SBI Pension Funds to 80%
Mumbai: State Bank of India Tuesday said it plans to buy a 20 percent stake in SBI Pension Funds in SBI Pension Funds held by SBI Capital Markets.
Indian Market: Sensex zooms to new high to touch 69,296.14 pts
The BSE Sensex hit fresh record highs on Tuesday for a second straight session, surging 431.02 pts to close at 69,296.14 on the strength of Utilities, Power and BSE services stocks even as a global stock rally declined ahead of key US data.
India's services PMI falls to one year-low of 56.9 in November: S&P Global
New Delhi/UNI: India's services activities continued to expand in November, but pace of growth slowed down during this period.
Indian Market: Sensex, Nifty touches all-time high
The BSE Sensex on Monday ended at an all time high at 68,865.12, surging 1383.90 following gains in Oil and Gas, Bankex, Utilities and Power stocks amid excellent performance shown by BJP in recent assembly elections.
NTPC's coal dispatch grows 90% YoY till November
New Delhi: State-run power manufacturer NTPC Ltd on Friday reported a substantial growth of 90% year-on-year in coal dispatch from its captive mines till November in FY 2023-24 achieving a total coal dispatch of 23.12 million metric tonnes (MMT).
Coal production grows 11% YoY to 84.53 MT in November
New Delhi: India's coal production surged during November, reaching 84.53 MT, up 11.03% compared to 76.14 MT of the corresponding month in the previous year.
GST collection surges 15% YoY to Rs 1.68 trillion in November
New Delhi: Highlighting the ongoing robust activity in the Indian economy, the collection of goods and services tax (GST) witnessed a substantial 15% year-on-year surge in November.
Adani Group plans to invest Rs 7 trillion in infra projects over next 10 yrs: Report
Mumbai: Billionaire Gautam Adani-led ports-to-green energy conglomerate Adani Group is looking to invest Rs 7 trillion ($84.00 billion) in infrastructure projects over the next ten years, reported Reuters Chief Financial Officer Jugeshinder Singh on Friday.
RBI and Bank of England sign MoU to end CCIL deadlock
Mumbai: The Reserve Bank of India and Bank of England Friday inked a memorandum of understanding (MoU) to end the imbroglio over British banks’ participation in Indian bonds and derivative market.
Indian Market: Sensex surges 492.75 points
The equity market remained robust on the last session of the week as BSE Sensex soared 492.75 points to close at 67,481.19 following gains in power, FMCG, capital goods, and utility stocks amid global cues.
Mahindra Auto sells 39,981 SUVs in November
Mahindra & Mahindra Ltd. (M&M Ltd), one of India’s leading automotive companies, on Friday announced that its overall auto sales for the month of November 2023 stood at 70,576 vehicles, a growth of 21 per cent, including exports.
Sensex up by over 300 points
Mumbai/IBNS: Extending the rally on Friday, the BSE Sensex advanced 310.98 points, breaching the 67K level at 67,299.42 in the opening session on strong global cues.
Competition watchdog greenlights Abu Dhabi Ports' acquisition of Delanord Investments
New Delhi: The Competition Commission of India (CCI) has approved the acquisition of shareholding in Delanord Investments by Abu Dhabi Ports Company.
CCI approves Atlas 2022 Holdings' move to increase stake in Vodafone
New Delhi: The Competition Commission of India (CCI) has given the go-ahead for Atlas 2022 Holdings Limited to raise its ownership in Vodafone from 14.6% to just below 25%.
India's IT industry will grow $300 bn by 2030: Kris Gopalakrishnan
Bengaluru: Infosys Co-founder and Karnataka IT Vision Group Chairman Kris Gopalakrishnan on Wednesday said India's IT industry will grow $300 billion by 2030.
India's domestic coal-based power generation up to October grows by 8.8 %
New Delhi: India’s domestic coal-based power generation up to October 2023 reached 686.7 Billion Units (BU), reflecting an 8.88% increase from the 630.7 Billion Units (BU) generated in the corresponding period last year.
udChalo appoints ex-Indian Army Chief Gen Naravane to its advisory board
Pune: Consumer tech firm udChalo Wednesday announced the appointment of former Chief of the Army Staff General Manoj Mukund Naravane, to its advisory board.
India to grow at 6.3% in FY24, likely to slowdown to 6.1% in FY25: OECD
New Delhi: The Organization for Economic Cooperation and Development (OECD) Wednesday maintained its forecast for India's growth at 6.3 percent for the fiscal year 2024.
American footwear retailer Foot Locker inks deal with Metro Brands and Nykaa to enter Indian market
Mumbai: American sportswear and footwear retailer Foot Locker has announced plans to make its entry into the Indian market in 2024 through a partnership with local partners Metro Brands and Nykaa, a cosmetics-to-fashion retailer, Reuters reported.
Bank of Baroda to issue bonds worth Rs 5,000 cr
Mumbai: Bank of Baroda is set to issue bonds worth Rs 5,000 crore on November 30, Moneycontrol reported.
Walmart increases imports from India to benefit from cheaper imports
Bengaluru: Walmart is increasing its import of goods to the United States from India and decreasing its dependence on China in an effort to reduce expenses and broaden its supply chain, Reuters reported.