Odisha Cabinet approves Bhubaneswar Metro Rail Project Phase-1
Bhubaneswar: Odisha Cabinet on Tuesday approved the proposal for the construction of Bhubaneswar Metro Rail Project Phase 1 with an estimated cost of Rs 5929.38 crore.
IBNS•Nov 15, 2023
Finance
Business and financial news
Doyen of the Indian hotel industry The Oberoi Group Chairman emeritus PRS Oberoi dies at 94
Mumbai: Hotel industry veteran Prithvi Raj Singh Oberoi died on Tuesday morning at the age of 94.
IBNS•Nov 15, 2023
Sahara Group founder Subrata Roy dies at 75 after prolonged illness
Mumbai/IBNS: Sahara Group founder Subrata Roy died on Tuesday after a prolonged illness at the Kokilaben Hospital in Mumbai. He was 75.
IBNS•Nov 15, 2023
'8.30% FERT CO GOI SPLBOND 2023' to be paid in full on Dec 7
New Delhi: The government will repay the remaining amount on the '8.30% FERT CO GOI SPLBOND 2023' in full on December 07, 2023, after which no further interest will accrue, the Ministry of Finance said on Tuesday.
IBNS•Nov 15, 2023
Piyush Goyal meets Tesla officials at carmaker's Fremont factory
San Francisco: The Union Minister of Commerce and Industry Piyush Goyal visited the Tesla Factory Unit in Fremont, United States and interacted with the senior executives of the Tesla group, a government statement said.
IBNS•Nov 14, 2023
Ministry of Mines to auction 20 blocks of critical minerals in next two weeks
New Delhi: Mines Secretary V.L. Kantha Rao on Tuesday said that the Ministry of Mines is in the process of auctioning 20 blocks of critical minerals including lithium and graphite in the next two weeks.
IBNS•Nov 14, 2023
Adani Energy Solutions plans to raise $360 million through bonds
Mumbai: Adani Energy Solutions (AESL), formerly known as Adani Transmission, is planning to raise $360 million through bond issuance on a private placement basis, a report in the media said.
IBNS•Nov 14, 2023
India's wholesale inflation remains in negative zone in October
Remaining in the negative zone, India's wholesale inflation dropped to - 0.52% in October 2023, as against - 0.26% in the previous month.
IBNS•Nov 14, 2023
Indian Market: Sensex down 325.58 pts
The BSE Sensex on Monday dropped 325.58 pts to settle at 64,933.87 as selling was seen in IT, Consumer Durable and Technology stocks amid mixed trend in Asian Market.
IBNS•Nov 13, 2023
Innovation-driven Entrepreneurship: Roundtable chalks out roadmap for leveraging Kashmir's untapped potential
National Innovation Foundation (NIF) – India, an autonomous body of the Department of Science and Technology (DST), Government of India in association with University of Kashmir and NIF Incubation and Entrepreneurship Council - NIFientreC, organised a workshop in Srinagar on 8th November 2023 at Kashmir University with an objective to on-board all stakeholders, primarily the enablers for Innovation and Entrepreneurship ecosystem in the valley.
IBNS•Nov 13, 2023
Indian Market: Sensex down over 200 points
The BSE Sensex on Monday slipped 244.81 points to 64,994.77 in the opening session on profit booking by local operators.
IBNS•Nov 13, 2023
Muhurat Trading: Sensex up 354.77 pts
The equity market maintained its gaining streak intact on the Muhurat Trading on Sunday as the BSE Sensex rallied 354.77 pts at 65,259.45, the beginning of Samvat 2080.
IBNS•Nov 12, 2023
Indian mutual fund industry posts stellar growth in inflows across most fund categories
Mumbai: The Indian mutual fund industry registered a stellar performance with net inflows growing by a whopping 473 percent at Rs 80,528 crore in the month of October 2023, as against Rs 14,047 crore in October 2022.
IBNS•Nov 12, 2023
Massive security at Tripura’s Mata Tripureswari Temple as thousands throng to offer prayers on Diwali
Agartala: Elaborate security arrangements have been made at Udaipur in Tripura’s Gomati district, where thousands of devotees have been gathering in serpentine lines since early Sunday morning to offer obeisance and make offerings at the Mata Tripureswari Temple—one of the 51 Shakti Peethas, on Diwali.
IBNS•Nov 12, 2023
Muhurat Trading: Sensex moves up by 500 points
The BSE Sensex soared 514 pts to open at 65,418.98 in a special one-hour trading session, as the ‘Muhurat’ Trading session, on Sunday, the beginning of Samvat 2080.
IBNS•Nov 12, 2023
Walmart to host growth summit to partner with Indian suppliers for exports
Today, Walmart announced the application process will open on November 9, for the company’s first Growth Summit in India, offering export-ready suppliers, micro-, small- and medium-size enterprises (MSMEs), cross-border trade suppliers, and innovative supply chain companies an opportunity to pitch for business.
IBNS•Nov 11, 2023
Indian Market: Special session on BSE, NSE on Sunday
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will conduct a special one-hour trading session, as the ‘Muhurat’ Trading session, on Sunday, the beginning of Samvat 2080.
IBNS•Nov 11, 2023
Senco Gold Ltd Q2FY24 PAT rises 36% YoY to Rs 12 cr; revenue at highest Rs 1,158 cr
Kolkata: Indian jewellery retailer Senco Gold Ltd Friday reported 36% year-on-year (YoY) growth in PAT for the quarter ending September 30, 2023, reaching Rs 11.9 crore, while at H1 level the net profit rose 26% compared to the year ago period.
IBNS•Nov 11, 2023
Annapurna Swadisht operating revenue surges by nearly 100% to Rs 131 cr in H1FY24
Kolkata-based food and beverages company, Annapurna Swadisht Limited (ASL), reported a significant increase in revenue and profit for H1FY24, with a near 100% surge in revenue to Rs 131.13 crore and a 128% rise in profit after tax to Rs 6.56 crore.
IBNS•Nov 11, 2023
Commerce and Industry Minister Piyush Goyal to visit US from Nov 13-16 for IPEF ministerial meet
New Delhi: Commerce and Industry Minister Piyush Goyal is scheduled to visit San Francisco from November 13-16 to take part in the ministerial meeting of the Indo-Pacific Economic Framework (IPEF).
IBNS•Nov 11, 2023
Eicher Motors Q2FY24 consolidated PAT grows 55% to Rs 1,016 cr
Mumbai: Eicher Motors announced an impressive 55% growth in its consolidated net profit at Rs 1,016 crore for the second quarter concluding on September 30, 2023, on the back of strong sales.
IBNS•Nov 11, 2023
Pidilite Industries to foray into lending business
Mumbai: Adhesive-maker Pidilite Industries announced on November 8 its intention to venture into the lending sector, underscoring a commitment to offering credit through small retail loans.
IBNS•Nov 11, 2023
MSME sector crosses 15 cr employment mark with over 3 cr MSMEs registered on Udyam Portal: Minister Narayan Rane
New Delhi: The MSME sector has achieved a significant milestone by generating over 15 crore employment opportunities, Union Minister Narayan Rane said in a social media post.
IBNS•Nov 10, 2023
ED attaches Hero MotoCorp Exec Chairman Pawan Munjal's property worth Rs 25 cr
New Delhi: The provisional attachment carried out under the Prevention of Money Laundering Act (PMLA), includes three immovable properties situated in Delhi.
IBNS•Nov 10, 2023
Gross Direct Tax collection grows 18% YoY to Rs 12 lakh cr up to Nov 9
New Delhi: The Direct Tax collections up to November 9, 2023, continued to register steady growth with the Gross Direct Tax collections witnessing a 17.59% growth to Rs 12.37 lakh crore, compared to the corresponding period of last year.
IBNS•Nov 10, 2023
NHAI accepts first Insurance Surety Bond as bid security for NHAI TOT Bid for monetisation
New Delhi: To boost the liquidity and capacity of bidders, NHAI has accepted an Insurance Surety Bond for the monetization program of the upcoming bid of Toll Operate Transfer (TOT) Bundle 14.
IBNS•Nov 10, 2023
India's maiden banana shipment to Netherlands signals potential for $1 billion export boost in 5 yrs
New Delhi: The Agricultural and Processed Food Products Export Development Authority (APEDA), operating under the Ministry of Commerce and Industry, has facilitated the export of the first trial shipment of fresh bananas to the Netherlands, by InI Farms, via a sea route.
IBNS•Nov 10, 2023
ONGC Q2FY24 PAT jumps 142% to Rs 16,553 cr
Mumbai: Oil and Natural Gas Corporation Limited (ONGC) Friday disclosed a massive 142.4 percent surge in its consolidated net profit at Rs 16,553 crore during the second quarter of the fiscal year 2023-24.
IBNS•Nov 10, 2023
LIC Q2FY24 profit DROPS 50% to Rs 15,952 cr
Mumbai: Life Insurance Corporation (LIC) of India declared a 50 percent decrease in net profit, amounting to Rs 7,925 crore, for the quarter ending on September 30, 2023. This marks a massive drop from the net profit of Rs 15,952 crore reported during the corresponding period last year.
IBNS•Nov 10, 2023
Coal India Ltd consolidated PAT grows 13% YoY to Rs 6,800 cr
Mumbai: State-run miner Coal India Ltd Friday announced a 12.5 percent year-on-year increase in its consolidated net profit at Rs 6,800 crore for the quarter ending September 30, 2023, compared to Rs 6,043.5 crore in the same period last year.
IBNS•Nov 10, 2023
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