Mercedes-Benz invests over Rs 100 cr to make its best-selling SUV, GLC, in India
Hyderabad: Mercedes-Benz has invested 12 million euros (Rs 100 plus crore) in to manufacture in India its best-selling five-seater SUV, the GLC.
Finance
RBI issues guidelines to recalibrate floating rate loan EMI
Mumbai: The Reserve Bank of India (RBI) on Friday released comprehensive guidelines for the recalibration of interest rates for equated monthly installments (EMIs) in floating interest loans.
Bihar: NTPC commissions unit-2 of Barh Super Thermal Power Project
R K Singh, Union Minister of Power, New and Renewable Energy, on Friday, dedicated the 660 MW Unit#2 of Barh Super Thermal Power Project at Barh in Patna, Bihar.
Bajaj Finance Fixed Deposits cross Rs 50,000 crore
Bajaj Finance Limited, a Non-Banking Financial Company, and part of Bajaj Finserv, on Friday said its Fixed Deposits book had crossed a milestone of Rs. 50,000 crore.
InsurTech major Renew Buy closes US$ 40million as a part of its Series D fund raise
InsurTech major, RenewBuy has closed US$ 40 million fund raise, in a series D funding round; from Japanese insurance major, Dai-ichi Life Holdings Inc.
Ice Make Refrigeration Limited achieves strong financial performance in Q1FY24, net profit up by 73.02 pct to Rs 5.36 Crore
Ice Make Refrigeration Limited, a prominent manufacturer of more than 50 refrigeration equipment in India, said it registered strong financial results for the first quarter of FY 2024, ending on June 30, 2023.
Bandhan Mutual Fund launches Nifty IT Index Fund
Bandhan Mutual Fund announced the launch of the Bandhan Nifty IT Index Fund, an open-ended equity scheme tracking Nifty IT index, with an aim to capture the growth potential of the Indian Information Technology (IT) sector.
Shyam Metalics and Energy Limited strengthens leadership with New Board Members
Shyam Metalics and Energy Limited (SMEL), an integrated metal-producing company headquartered in Kolkata, recently announced the appointment of Shashi Kumar and Malay Kumar De as the new members of its Board of Directors as Additional Directors in the capacity of Independent Directors.
Shriram AMC to launch multi-asset allocation fund today
Shriram Asset Management Company, part of the Shriram Group, will launch the Shriram Multi Asset Allocation Fund on Friday.
Fixed Deposits for NRI Investors: Tax Implications and Repatriation Rules
Fixed deposit accounts have been great investment tools for Non-Resident Indians (NRIs) seeking stability and predictable returns. These accounts offer a secure way to grow your money while keeping it easily accessible. However, before you embark on your investment journey, it's crucial to understand the tax implications and repatriation rules associated with NRI fixed deposits. In this comprehensive guide, we will explore the considerations for NRIs looking to invest in fixed deposits.
Unacademy stirs row sacking tutor for 'vote for educated candidates' appeal, Kejriwal comments
New Delhi/IBNS: Ed-tech platform Unacademy has triggered a row sacking one of its tutors for urging students to "vote for educated candidates" in the elections of the country.
Bank of Baroda opens 251 new Gold Loan Shoppes
Mumbai: Bank of Baroda on Thursday announced the launch of 251 new Gold Loan Shoppes across the country.
Godrej launches hair colour shampoo at Rs 15
Hair colour manufacturer Godrej Consumer Products Ltd (GCPL) has launched a new shampoo hair colour brand ‘Godrej Selfie’ at Rs 15.
Vivriti Capital Ltd to raise Rs 500 cr via NCD; issue openson Aug 18
Mumbai: Non-banking financial company (NBFC) Vivriti Capital Ltd on today announced its first public issue of non-convertible debentures (NCDs) on Friday (Aug 18) to raise up to Rs 500 crore.
Mumbai is currently the most expensive Indian city to live in: Survey
Mumbai has been ranked as the most expensive Indian city to live in India, as per a news report released by leading property consultant Knight Frank India.
Govt mulls stake sale in Indian Railway Finance Corp through OFS route: Report
New Delhi: The government is considering selling a portion of its stake in the state-owned Indian Railway Finance Corp (IRFC) during the current fiscal year through an offer for sale (OFS), a report in the media said.
Retail inflation jumps to 7.44 pc in July; crosses RBI's upper tolerance band
New Delhi: India's retail inflation measured by the consumer price index (CPI) shot up to 7.44% year-on-year in July 2023 driven primarily by high food prices.
Hyundai inks APA for acquiring General Motors India’s assets in Maharashtra's Talegaon Plant
Chennai: Automobile major Hyundai Motor India Ltd (HMIL) on Wednesday signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets of General Motors India’s (GMI) Talegaon plant in Maharashtra.
Troubled airline Go First faces fresh challenge as more employees resign
Mumbai: Grounded airline Go First is witnessing a high rate of attrition amid its attempts to restart operations, media reports said.
Cabinet approves Rs 58,000 cr PM e-Bus Sewa, Vishwakarma scheme also cleared
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, approved PM e-Bus Sewa on Wednesday with an estimated cost of Rs 57,613 crore.
Crisil projects Indian economy to grow at 6 pc in FY24
New Delhi: Noting that global slowdown and erratic monsoon could affect the direction of industrial growth in coming months, rating and research firm Crisil on Wednesday said that the Indian economy would grow at 6% in the current financial year.
Meghalaya pineapples exported to Abu Dhabi
Riding on the efforts of Jamge Integrated Village Cooperative Society (IVCS) and the State government, pineapples from Meghalaya are currently being exported to Abu Dhabi.
Punjab: Bathinda entrepreneurs reap benefits of central government schemes
Bathinda: The Prime Minister’s Employment (PME) Scheme and the Prime Minister Food Processing (PMFP) Scheme seem to have started yielding good results in Punjab’s Bathinda region, with entrepreneurs in the district claiming of making huge profits within a year after implementation of the two schemes.
Maharashtra tops fiscal health ranking followed by Chhattisgarh, Bengal among worst performing states
Mumbai/IBNS: Maharashtra has topped the ranking in overall fiscal health closely followed by Chhattisgarh, one of the poorest states in the country, while West Bengal, Kerala, and Punjab are at the bottom positions in a report published by a foreign brokerage.
Maharashtra tops fiscal health ranking followed by Chhattisgarh, Bengal among worst performing states
Mumbai/IBNS: Maharashtra has topped the ranking in overall fiscal health closely followed by Chhattisgarh, one of the poorest states in the country, while West Bengal, Kerala, and Punjab are at the bottom positions in a report published by a foreign brokerage.
India: Wholesale inflation remains in negative zone
New Delhi: India's wholesale inflation continued to be in the negative zone but increased to (-) 1.36% in July 2023 from (-) 4.12% in June, data released by Ministry of Commerce and Industry showed on Monday.
Indian Market: Sensex falls over 300 pts
Mumbai: The BSE Sensex on Monday dropped 302.32 pts at 65,022.33 in opening trade as selling was seen in Metal, Realty, Telecommunications and Commodities stocks.
Adani Group appoints MSKA & Associates as new auditor for Adani Ports and Special Economic Zone
Ahmedabad: The Adani Group has appointed accounting firm MSKA & Associates as the new auditor for Adani Ports and Special Economic Zone (APSEZ), replacing Deloitte. The group said on Saturday that it found the reasons given by Deloitte for resigning as the company's auditor to be "unconvincing", according to media reports.
Adani Group to materialise its $50 billion green hydrogen project with or without TotalEnergies
Billionaire Gautam Adani's company is undeterred in materialising its $50 billion green hydrogen project with or without its French partner, TotalEnergies SE, media reports said.
India's June industrial output grows by 3.7%
New Delhi: India's industrial output expanded by 3.7 percent in June, according to the Ministry of Statistics and Programme Implementation.