Indian Market: Sensex up 333.35 points
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.
Finance
SBI launches digital transit systems with the 'Nation First Transit Card’
Mumbai: The country’s largest lender, the State Bank of India has launched the ‘Nation First Transit Card’ at the Global Fintech Fest 2023.
Foxconn partners with STMicroelectronics NV to set up semiconductor factory in India
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.
ONGC to inject Rs 15,000 cr in OPaL
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 fall, drag US bourses down after China widens curb iPhone use
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.
India-ASEAN to start FTA review in November
New Delhi: India and the ASEAN bloc are expected to start the review of the free trade agreement in November, media reports said.
Kerala’s Sastra Robotics to export 150 robots to Britain
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).
Sensex rallied by 385.04 points
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.
REC raises USD 1.15 Billion through syndicated term loans
New Delhi: Maharatna Central Public Sector Enterprise REC Limited has successfully raised USD 1.15 Billion in August 2023.
Centre issues advisory for mandatory stock disclosure of Masur (lentil) with immediate effect
New Delhi: The Centre has issued an advisory for mandatory stock disclosure of Masur (lentil) with immediate effect.
REC signs $100 million foreign currency term loan agreement with EXIM Bank
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).
Union Cabinet approves Viability Gap Funding for 4,000 MWh battery energy storage projects
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.
RBI to test more use cases in the pilot of wholesale CBDC
Mumbai: The Reserve Bank of India will test more use cases in the pilot of wholesale central bank digital currency (CBDC), media reports said.
Indian market remains one of the fastest growing for us, says Melia Hotels International at Kolkata roadshow
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'.
NPCI launches new UPI products Interface new products to achieve 100 bn monthly transactions
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.
Tata Group in talks to buy 51% stake in Haldiram's: Report
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.
Alia Bhatt's Ed-a-Mamma enters into a joint venture with Reliance
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.
Indian Market: Sensex up 100.26 pts
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.
Tata Motors partners with Tata Power Renewable Energy to develop a 12 MWp solar project at Pune factory
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.
Auto retail grows 9 pc in August, two-wheelers up 6 pc YoY
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.
Infosys completes acquisition of Danske Bank’s IT Centre in India
Bengaluru: Indian software multinational Infosys has completed the acquisition of Danske Bank’s IT centre in India, the company said Recently.
Vedanta regains ownership & control of Zambia's Konkola Copper Mines
Mumbai: Vedanta Resources Limited has got back the ownership and operational control of Konkola Copper Mines (KCM) from the Zambian government.
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.
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.
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.
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.
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.
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.
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.
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