Business and financial news
Driven by a pick-up in demand, automakers recorded a 9.4% year-on-year increase in passenger vehicles (PVs) sales to 3.59 lakh units during the month of August 2023 and remain optimistic about sales in the coming festive months.
Maintaining a rally for the seventh straight session on Monday, the BSE sensex spurted 528.17 pts breaching 67,K level at 67,127.08 on firm global cues.
SAMHI Hotels Ltd has fixed the price band at Rs 119 to Rs. 126 per Equity Share for its maiden public offer.
Mumbai/UNI: The BSE Sensex on Monday rallied 300.07 points to 66,898.98 in the opening session as buying was seen across the board.
New Delhi: NVIDIA founder and CEO Jensen Huang recently met Prime Minister Narendra Modi and discussed the ‘rich potential’ of AI, media reports said.
Mumbai/ Bengaluru: High-end chip manufacturer NVIDIA on Friday announced collaborations with two of the largest Indian conglomerates, Reliance Industries and Tata Group.
Mumbai: Public Sector Bank (PSB) Union Bank of India on Friday announced the launch of interoperability of India’s Central Bank Digital Currency with UPI under the aegis of RBI.
Mumbai: Public sector lender Bank of Baroda on Friday announced that it has enabled the UPI ATM facility at over 6,000 Bank of Baroda ATMs across the country.
The equity market remained strong on Friday too, as the BSE Sensex rallied 333.35 pts to close at 66,598.91 on the strength of real estate, capital goods, and power stocks.
Mumbai: The country’s largest lender, the State Bank of India has launched the ‘Nation First Transit Card’ at the Global Fintech Fest 2023.
New Delhi: Foxconn Technology Group is partnering with STMicroelectronics NV to boost its chances of securing government incentives to build a semiconductor factory in India, Bloomberg reported.
New Delhi: Oil and Natural Gas Corporation (ONGC) will inject about Rs 15,000 crore in OPaL as part of a financial restructuring exercise.
Apple stocks fell 4%, triggering a rout in the US stock market, after the Chinese government widened curbs on iPhone use by government officials, Reuters reported.
New Delhi: India and the ASEAN bloc are expected to start the review of the free trade agreement in November, media reports said.
Kochi: Sastra Robotics, a startup incubating under Kerala Startup Mission (KSUM), will export 150 robots to Britain following an agreement with one of the top IT companies in the United Kingdom (UK).
Mumbai/UNI: The BSE Sensex on Thursday surged 385.04 pts to close at 66,265.56 in a volatile trade, following gains in Capital Goods, Realty, Industrials and Energy stocks.
New Delhi: Maharatna Central Public Sector Enterprise REC Limited has successfully raised USD 1.15 Billion in August 2023.
New Delhi: The Centre has issued an advisory for mandatory stock disclosure of Masur (lentil) with immediate effect.
New Delhi: Maharatna Central Public Sector Enterprise REC Ltd has signed a Foreign Currency Term Loan Agreement for $100 million with Export Import Bank of India (EXIM Bank).
New Delhi: The Union Cabinet has approved the scheme for Viability Gap Funding (VGF) for the development of Battery Energy Storage Systems (BESS) with an initial outlay of Rs.9,400 crore, including budgetary support of Rs 3,760 crore.
Mumbai: The Reserve Bank of India will test more use cases in the pilot of wholesale central bank digital currency (CBDC), media reports said.
Melia Hotels International, a Spanish hotel chain, conducted a roadshow in the eastern Indian city of Kolkata on Tuesday, a destination that the hotel brand considers to be 'important'.
New Delhi: The National Payments Corporation of India (NPCI) on Wednesday announced a string of innovative products aimed at boosting the payments giant Unified Payments Interface (UPI) to reach 100 billion monthly transactions.
New Delhi: Tata Group is likely to compete directly with Pepsi and billionaire Mukesh Ambani's Reliance Retail as the conglomerate’s consumer unit is in talks to buy at least 51% of popular snack food maker Haldiram's, Reuters reports said.
Mumbai/IBNS: Actress-producer Alia Bhatt's Ed-a-Mamma has entered into a joint venture with Reliance Retail Ventures Limited, the Bollywood star announced on Wednesday.
The BSE Sensex on Wednesday advanced 100.26 pts to close at 65,880.52 following gains in telecommunications, FMCG, Consumer Durable and Health Care stocks.
Mumbai: Tata Motors and Tata Power Renewable Energy Limited (TPREL), a player in the renewable energy sector and a subsidiary of Tata Power have entered into a Power Purchase Agreement (PPA) to develop a new 12MWp on-site solar project at Tata Motors’ Pune commercial vehicle manufacturing facility.
New Delhi: Domestic auto sales logged 9% year-on-year growth in August 2023 on the back of robust demand across multiple segments, including two-wheelers and tractors, showed the vehicle retail data released by the Federation of Automobile Dealers Associations (FADA) on Tuesday.
Bengaluru: Indian software multinational Infosys has completed the acquisition of Danske Bank’s IT centre in India, the company said Recently.
Mumbai: Vedanta Resources Limited has got back the ownership and operational control of Konkola Copper Mines (KCM) from the Zambian government.
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