Jio Financial Services removed from NSE Indices
Mumbai: Jio Financial Services (JFS) will be excluded from the NSE Indices including the Nifty 50 from September 7, the National Stock Exchange said in a press release.
IBNS•Sep 05, 2023
Finance
Business and financial news
88% of verified income tax returns for AY 2023-24 processed: IT Dept
New Delhi: The Income Tax (IT) Department has processed over 6 crore Income Tax Returns (ITR) for Assessment Year (AY) 2023-24, the Ministry of Finance said on Tuesday.
IBNS•Sep 05, 2023
India's services PMI eases to 60.1 in August from 62.3 in July
New Delhi/UNI: India's services activities continued their growth momentum in August 2023 on the back of record new export business, but the pace moderated marginally compared to the previous month.
IBNS•Sep 05, 2023
Indian Market: Sensex rises 43 points
The BSE Sensex on Tuesday gained 43 points to open at 65,671.60 as buying was witnessed in industrial, energy, and consumer durable stocks.
IBNS•Sep 05, 2023
Indian Market: Sensex up 240.98 points
Mumbai: The BSE Sensex on Monday gained 240.98 points to close at 65,628.14 on the strength of utilities, metals, IT, and technology stocks amid a positive Asian market.
IBNS•Sep 04, 2023
India: A potential hub for Green Hydrogen
The dynamic reforms and the ease of doing business will create economies of large scale and bring down the green hydrogen production costs among the lowest in the world.
IBNS•Sep 03, 2023
Musk says X to collect biometrics only at the user's consent
Washington: Microblogging site X, formerly known as Twitter, will collect biometrics information of its users only upon the individual's consent, owner Elon Musk has said.
IBNS•Sep 03, 2023
Revolutionising Digital Space: Empowering Millions: Journalist Aparajita Gupta's book is India's digital journey ready reckoner
"India’s fast-payment system, called the Unified Payments Interface (UPI) and run by the nonprofit National Payments Corporation of India, exemplifies how the regulator (for example, the central bank) and the regulated (for example, commercial banks) can together run a payment system as a voluntary digital public infrastructure that operates around the clock." - IMF
IBNS•Sep 02, 2023
Bridgestone India inducts 93 women apprentices in manufacturing operations
Kolkata: Bridgestone India, as part of an upskilling initiative in manufacturing, has inducted 93 women apprentices in the company’s manufacturing operations at Pune.
IBNS•Sep 02, 2023
Govt invites bids to select asset valuer for IDBI Bank
New Delhi: The Centre has invited bids to choose an asset valuer for IDBI Bank acting on its plans to divest its stake in the lender.
IBNS•Sep 02, 2023
UPI crosses 10 billion monthly transactions in Aug; PM Modi congratulates
New Delhi: India’s contactless digital payments framework, Unified Payments Interface (UPI), crossed 10 billion monthly transactions in August, said Reserve Bank’s non-profit agency, National Payments Corporation of India (NPCI) on Friday.
IBNS•Sep 02, 2023
Over 6.62 cr subscribers under National Pension System and Atal Pension Yojana
New Delhi: The number of subscribers under the National Pension System (NPS) and Atal Pension Yojana (APY) together has grown to more than 6.62 crore and the total Asset Under Management (AUM) has reached Rs 10 lakh crore (Rs. 10,00,000 crore), according to the Ministry of Finance.
IBNS•Sep 02, 2023
Rationalization of coal linkages results in rationalizing 92.16 MT of coal with potential savings of Rs 6,420 cr
New Delhi: The policy of rationalization of coal linkages, initiated by the Ministry of Coal, has resulted in the rationalizing of a total of 92.16 million tonnes (MT) of coal, with an annual potential savings of around Rs 6420 crores.
IBNS•Sep 02, 2023
NITP, MOIL sign MoU to collaborate in renewable energy and decarbonization
New Delhi: NTPC Limited and Oil India Limited signed a Memorandum of Understanding (MoU) on Thursday to explore collaboration in the areas of renewable energy, green hydrogen and its derivatives, and decarbonization initiatives including through the use of geothermal energy.
IBNS•Sep 02, 2023
Kharif Crop sowing crosses 1077.82 lakh hectares
New Delhi: The area under coverage for paddy has increased by about 4% to 398.08 lakh hectares in the ongoing kharif sowing season against 383.79 lakh hectares in the same period last year, according to the data released by the Ministry of Agriculture.
IBNS•Sep 01, 2023
Coal prodn records an increase of 12.85% in August 2023, reaching 67.65 MT
New Delhi: India’s overall coal production surged substantially in the month of August 2023, reaching 67.65 Million Tonne (MT) compared to 59.95 MT of the corresponding month in previous year, representing an increase of 12.85%, Coal Ministry said on Friday.
IBNS•Sep 01, 2023
Adani Group stocks surge as market pays no heed to OCCRP's allegations of malpractice
Mumbai: A day after Gautam Adani-led Adani Group strongly rejected the fresh allegations of stock manipulation by the Organised Crime and Corruption Reporting Project (OCCRP), its shares recovered from intra-day lows to trade in the green, apparently reflecting the minimal impact of the charges on investors.
IBNS•Sep 01, 2023
RBI Governor Shaktikanta Das rated top Central banker globally
New Delhi: Reserve Bank of India Governor Shaktikanta Das has been ranked the best Central banker globally with a rating of ‘A+’.
IBNS•Sep 01, 2023
CCI approves Air India-Vistara merger
New Delhi: India’s anti-trust watchdog the Competition Commission of India (CCI) has approved the merger of Tata Group airlines Vistara and Air India, making Air India the largest international carrier in India and the second biggest domestic carrier after IndiGo.
IBNS•Sep 01, 2023
India's GDP grows at 7.8 pct in Q1
Helped by continued growth momentum, especially in the services and construction sectors, India's gross domestic product (GDP) accelerated to 7.8% in the April-June quarter (Q1) of the current financial year 2023–24.
IBNS•Sep 01, 2023
GST collection moves up 11 pct in August
Goods and services tax (GST) collection rose 11% year-on-year (YoY) to Rs 1,59,069 crore in August 2023, according to data released by Finance Ministry on Friday.
IBNS•Sep 01, 2023
Indian Market: Sensex zooms 555.75 pts
Mumbai: The BSE Sensex on Friday registered a massive gain of 555.75 pts to close at 65,387.16 on the strength of Utilities, Metal and Oil and Gas stocks amid mixed global cues.
IBNS•Sep 01, 2023
Indian Economy off to a good start in Sept qtr: CEA Nageswaran
New Delhi: India’s Q1FY24 GDP growth of 7.8% is a "good number" and the government can comfortably maintain a growth target of 6.5% for FY24, according to India's chief economic advisor V. Anantha Nageswaran.
IBNS•Sep 01, 2023
India's April-July fiscal deficit widens to Rs 6.06 lakh cr
New Delhi: India’s fiscal deficit increased to Rs 6.06 lakh crore in April-July while it was Rs 4.51 lakh crore in April-June, the data issued by the Controller General of Accounts on Thursday showed.
IBNS•Sep 01, 2023
India's eight core sectors' output grows 8 pc in July
New Delhi: Driven mainly by the coal, cement, and steel sectors, India's core output, comprising eight key infrastructure sectors, grew 8% year-on-year (YoY) in July 2023.
IBNS•Sep 01, 2023
'Concerted bid by revive Soros-funded interests to revive meritless Hindenburg report': Adani Group denies OCCRP's allegations
Mumbai: Gautam Adani-led Adani Group has strongly rejected the fresh allegations of stock manipulation by the Organised Crime and Corruption Reporting Project (OCCRP) has made against the Adani Group.
IBNS•Sep 01, 2023
JSW Group in talks with Chinese carmaker to make EVs in India: Report
Mumbai: India's JSW Group is entering into a licensing technology agreement with China’s Leapmotor, to build Electronic Vehicles (EVs) in India, Reuters reported.
IBNS•Aug 31, 2023
India's Q1FY24 GDP grows 7.8%, highest in last four qtrs
New Delhi: India’s GDP grew at the rate of 7.8% in the first quarter of the Financial Year 2023-24, according to the data released by the National Statistical Office (NSO) on Thursday.
IBNS•Aug 31, 2023
Meeting held to Renewable Energy Technology Action Platform under US - India Strategic Clean Energy Partnership
New Delhi: India and the United States held a meeting on Tuesday to launch the new U.S. - India Renewable Energy Technology Action Platform (RETAP) under the Strategic Clean Energy Partnership, the Ministry of New and Renewable Energy (MNREP) said.
IBNS•Aug 31, 2023
BHEL bags NTPC order to set up thermal power project in Chhattisgarh
New Delhi: BHEL has secured the order for setting up the 2x800 MW Supercritical Thermal Power Project Stage-II at Lara in Chhattisgarh through International Competitive Bidding, according to a regulatory filing on Wednesday.
IBNS•Aug 30, 2023
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