India to grow at avg rate of 6.5% between 2023-30
Kolkata: Chief Economic Advisor V Anantha Nageswaran stated on Friday that the Indian economy is set to achieve an average annual growth rate of 6.5 percent from 2023 to 2030.
IBNS•Sep 29, 2023
Finance
Business and financial news
India's core sector output moves up to touch 12.1 pc in August
India's core sector comprising of eight key infrastructure components grew 12.1% year-on-year in August 2023, according to data released by Commerce and Industry Ministry on Friday.
IBNS•Sep 29, 2023
Air India Express takes delivery of the first two Boeing 737 MAX-8 aircraft of its large fleet order
Air India Express on Friday said it took delivery of its first two new Boeing 737 MAX-8 aircraft at the Boeing facility in Washington, USA.
IBNS•Sep 29, 2023
Uzbekistan: Doing business will become easier and more profitable
Over the past seven years, entrepreneurship has become a priority in Uzbekistan's policy. It is evident how much attention the government dedicates to this area.
IBNS•Sep 28, 2023
Mukesh Ambani's three children, Akash, Isha, Anant, to work without salary, to receive only fee to attend board meetings
Mumbai: Mukesh Ambani's three children, appointed as directors of Reliance Industries Ltd, will receive compensation solely for attending board and committee meetings, according to a company resolution seeking shareholder approval.
IBNS•Sep 27, 2023
Indian Market: Sensex recovers 173.22 pts
The BSE Sensex on Wednesday recovered 173.23 points to close at 66,118.69 on the strength of capital goods, health care, FMCG, and industrial stocks.
IBNS•Sep 27, 2023
Kerala HC nullifies FIR in money laundering case against Manappuram Finance CEO
Thiruvananthapuram: Manappuram Finance on Wednesday confirmed that the Kerala High Court has dismissed the FIR filed against V. P. Nandakumar, the company's Managing Director and CEO, in connection with a money laundering case, Moneycontrol reported.
IBNS•Sep 27, 2023
Online real money gaming companies served Rs 55,000 cr GST demand notice: Report
New Delhi: The Directorate General of GST Intelligence (DGGI) has issued approximately a dozen pre-show cause notices to online real money gaming (RMG) companies for goods and services tax dues totaling around Rs 55,000 crore, ET reported.
IBNS•Sep 27, 2023
How Does Loan Against Property Help A Borrower?
A loan can be a feasible option when someone is facing a financial crisis or needs funds for personal reasons such as medical expenses or expanding a business. A loan against property is a sensible option for those who have property in their name and need substantial funds. This secured loan, as implied by its name, involves using the property as collateral to secure funds provided to the borrower. The lender extends the loan because the borrower pledges their property as security throughout the repayment period.
IBNS•Sep 27, 2023
Bandhan Retirement Fund NFO opens on September 28
Bandhan Mutual Fund on Tuesday announced the launch of the Bandhan Retirement Fund, with the objective to provide long-term capital appreciation by investing in a mix of equity, debt, and other instruments to help investors meet their retirement goals.
IBNS•Sep 26, 2023
Indian Market: Sensex down 78.22 pts
The BSE Sensex on Tuesday dropped 78.22 pts at 65,945.47 as selling was witnessed in IT, Bankex, Technology and Health Care stocks.
IBNS•Sep 26, 2023
Indian Market: Sensex down 78.22 pts
The BSE Sensex on Tuesday dropped 78.22 pts at 65,945.47 as selling was witnessed in IT, Bankex, Technology and Health Care stocks.
IBNS•Sep 26, 2023
Plaza Wires Limited’s Initial Public Offering to open on September 29, sets price band at Rs. 51 to Rs. 54 per Equity Share
Delhi-based Plaza Wires Limited is engaged in the business of manufacturing and selling of wires, and selling and marketing of LT aluminium cables and fast-moving electrical goods (“FMEG”), has fixed the price band at ₹51 to ₹54 per Equity Share for its maiden initial public offer.
IBNS•Sep 26, 2023
Air India enters codeshare agreement with AIX Connect
Gurugram/IBNS: Air India, India’s leading global carrier, has entered into a codeshare agreement with AIX Connect (formerly known as Air Asia India).
IBNS•Sep 25, 2023
NGEL ties up with Syama Prasad Mookerjee Port for Green Hydrogen Hub
An MoU was signed on Monday between NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of integrated power producer NTPC Limited, and Syama Prasad Mookerjee Port, an autonomous body under the Ministry of Ports, Shipping & Waterways, for development of Green Hydrogen Hub at Kolkata.
IBNS•Sep 25, 2023
Shyam Metalics & Energy Limited to make aluminum foil for Lithium-ion cell manufacturing
Shyam Metalics and Energy Limited, a leading integrated metal producer headquartered in Kolkata, officially announces its entry into energy storage sector with battery-grade Aluminum foil, a critical component in Lithium-ion cells.
IBNS•Sep 25, 2023
India’s rice sowing area crosses 411 lakh hectares
New Delhi: India’s rice sowing area touched 411.52 lakh hectares as of September 22 while it was 400.72 lakh hectares on the same date last year, the Ministry of Agriculture said on Friday.
IBNS•Sep 23, 2023
Reliance Retail gets full subscription amount of Rs 2,069 cr from KKR
Mumbai: Reliance Industries subsidiary, Reliance Retail Ventures Limited (RRVL), has successfully received the subscription amount of Rs 2,069.50 crore from the global investment firm KKR, RIL said in an exchange filing on Friday, adding that RRVL has also issued 1.71 crore equity shares to KKR, in accordance with the agreement.
IBNS•Sep 23, 2023
Ambuja Cements incorporates three wholly-owned subsidiaries to bolster aircraft, cement business
Mumbai: Adani Group company Ambuja Cements Ltd informed the stock exchanges on Friday that it has acquired three wholly-owned subsidiary companies namely, Lotis IFSC Private Ltd, Ambuja Concrete North Private Ltd and Ambuja Concrete West Private Limited in order to carry business in aircraft and cement sectors, media reports said.
IBNS•Sep 23, 2023
Govt to extend free import policy for laptops, tablets, and computers
New Delhi: The Indian government is considering an extension of the free import policy for laptops, tablets, and computers until September 30, 2024, Moneycontrol reported.
IBNS•Sep 22, 2023
Top Rankers Management Club hosts 23rd National Management Summit to facilitate global leadership initiatives
New Delhi/IBNS: The 23rd National Management Summit, which saw the presence of leaders and luminary intellects from the corporate sphere to deliberate upon the paradigms of tomorrow, was held in Delhi to offer participants a prospectus for knowledge acquisition, pivotal networking, and the guideline to forge dialogues for global leadership.
IBNS•Sep 22, 2023
LIC gets notice to pay Rs 290 cr GST with interest and fine
New Delhi: The Life Insurance Corporation of India (LIC) has received an order under the BGST and CGST Act 2017 from the Additional Commissioner State Tax of Bihar, demanding Rs 290 crore in goods and service tax, along with interest and penalty, ET reported.
IBNS•Sep 22, 2023
Tripura traders get sanction to import 150 MT Hilsa this season from Bangladesh
Agartala/IBNS/UNI: The importers of Tripura have been sanctioned to trade at least 150 MT of Hilsa fish this year for the state ahead of the Sharad festival next month, sources in the state's Import-Export Association (IEA) said here on Friday.
IBNS•Sep 22, 2023
JP Morgan's listing of Indian bonds to trigger huge influx investments to India
New Delhi: Indian domestic bonds are set to be incorporated into the Government Bond Index-Emerging Markets (GBI-EM) index, as well as various other indices, including specific bonds within an investment-grade-only index.
IBNS•Sep 22, 2023
West Bengal CM Mamata Banerjee meets UAE Minister of State for Foreign Trade
Kolkata: West Bengal Chief Minister Mamata Banerjee on Friday met Dr Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade.
IBNS•Sep 22, 2023
SBI raises Rs 10,000 cr via infra bonds
Mumbai: India’s largest lender State Bank of India (SBI) announced the successful issuance of its fourth set of infrastructure bonds, raising Rs 10,000 crore at a coupon rate of 7.49 percent.
IBNS•Sep 22, 2023
ITC Hotels signs management agreement for Welcomhotel Kalimpong
New Delhi: ITC Hotels on Thursday said it has signed a management agreement for Welcomhotel Kalimpong resort with Pravez Constructions Pvt Ltd.
IBNS•Sep 22, 2023
Bank of Baroda enables UPI LITE - Small Value on Device Wallet
Mumbai: Bank of Baroda Wednesday announced that it has enabled UPI LITE - Small Value on Device Wallet to enable users to make instant, small value digital payments with only one tap without the use of a UPI PIN.
IBNS•Sep 21, 2023
Manipal Hospitals completes acquisition of majority stake in Kolkata's AMRI Hospitals
Kolkata: Manipal Hospitals Wednesday announced the acquisition of an 84 percent stake in AMRI Hospitals Ltd, a subsidiary of the Emami Group, for an undisclosed amount, media reported.
IBNS•Sep 21, 2023
Number of delayed infrastructure projects increase to 830
New Delhi: The number of delayed infrastructure projects valued at Rs 150 crore and higher in India has increased to 830 as of September 1, 2023, from 809 recorded on August 1, 2023, as per the August 2023 report from the Infrastructure and Project Monitoring Division (IPMD).
IBNS•Sep 21, 2023
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