Business and financial news
Edible oil company, Adani Wilmar Ltd, has taken legal action against a B2B platform for allegedly selling counterfeit products under its 'Fortune' brand, media reports said.
Elon Musk, in a cryptic tweet, Sunday hinted at a change in the micro-blogging site Twitter logo.
Mumbai: Union Bank of India on Friday said its net profit in the first quarter of fiscal year 2023-24 (Q1FY24) surged by an impressive 107.67% to Rs 3,236 cr on a year-on-year (YoY).
Agartala: Finance Minister Nirmala Sitharaman inaugurated the ‘GST Bhawan’ in Tripura’s capital Agartala on Friday.
New Delhi: A total of 48 Gati Shakti multi-cargo terminals have been commissioned so far under the PM Gati Shakti framework, Railway Minister Ashwini Vaishnaw said on Friday.
New Delhi: India’s share in the world food grains market, based on the exported values in 2022, was 7.79%, the Ministry of Commerce and Industry.
New Delhi: India’s coal sector registered the highest ever coal production at 223.36 million tonnes (MT) in Q1FY24, a growth of 8.55% compared to the production of 205.76 MT during the same period during FY 2022-23, the Ministry of Coal said.
Mumbai: Reliance Industries (RIL) on Friday reported a net profit of Rs 16,011 crore for FY24, a decline of 10.8 percent compared to Rs 17,955 crore in the same period last year.
New Delhi: India's instant payment technology Unified Payments Interface (UPI) will now be used in Sri Lanka.
The US Federal Reserve has imposed a fine of $186 million on German lender Deutsche Bank for violations related to sanctions and deemed "unsafe and unsound" banking practices at its US subsidiaries, AFP reported.
Mumbai: Honeywell on Wednesday announced that Ireland’s first low-carbon district heating network located in Tallaght, Dublin, is using a heat pump with its energy efficient, ultra-low-global-warming-potential (GWP) hydrofluoroolefin (HFO) Solstice® ze (R-1234ze) refrigerant.
Mumbai: ICRA estimates pan-India premium hotel occupancy at around 70-72% in FY2024, after recovering to 68-70% in FY2023.
Gaydon (UK): Tata Sons today announced plans to establish a global battery cell gigafactory in the UK with a capacity to produce 40GW of cells annually.
New Delhi: India’s growth rate can be the vantage point in its poverty elevation efforts, according to World Bank President Ajay Banga.
Kolkata: Power Finance Corporation, is one of India’s leading public financial institution and a Schedule-A Maharatna Central Public Sector Enterprises (CPSE), focused on the power sector, has filed tranche I prospectus dated July 17, 2023 for public issue of secured, rated, listed, redeemable, non-convertible debentures of the face value of Rs. 1,000 each.
Mumbai: The equity market maintained its supremacy on Wednesday too, as the BSE Sensex ended an all-time-high, touching 67K for the first time at 67,097.44, gaining 302.30 pts amid fresh foreign fund inflows and optimism in the US Market.
Kolkata: The Tata enterprise, Westside, has recently renovated its 22-year old store in West Bengal, India.
New Delhi: Union Home Minister and Minister of Cooperation Amit Shah launched the Central Registrar of Cooperative Societies (CRCS)-Sahara Refund Portal in New Delhi on Tuesday.
Mumbai: Record-breaking rally continued on Tuesday too, as the BSE Sensex ended at a historic high at 66,795.15, rising 205.21 pts following gains in IT, Technology and Capital Goods stocks amid fresh foreign fund inflows and buying in banking counters.
DistroTV, a free, ad-supported streaming TV (FAST) app, has announced that it is expanding its distribution in partnership with MX Player, India’s OTT Platform via an app-in-app integration.
Mumbai/UNI: The equity market remained on top on Tuesday too, as the Sensex opened at an all-time high of 66,824.96, up 238 pts on the strength of utilities, auto, banking, and Capital Goods stocks.
Mumbai/UNI: Rupee on Tuesday marginally gained by three paise at 82.01 against the US Dollar in the opening session on selling of the US Dollar by bankers and exporters, dealers at Foreign Exchange said.
Ottawa/IBNS: The Bank of Canada has made the cost of borrowing more expensive by reportedly raising its policy interest rate for the 10th consecutive time, by 25 basis points amounting to 5 percent, the highest it’s been since 2001.
Mumbai: The BSE Sensex on Monday ended at an all-time high of 66,589.93 pts, surging 529.03 pts following gains in banking, Financial services, and Health Care stocks.
Mumbai/UNI: The BSE Sensex on Monday opened at a new high at 66,148.18, rising 88 points on the strength of Metal, technology, and Power stocks.
Union Minister of State for Skill Development & Entrepreneurship and Electronics & IT, Rajeev Chandrasekhar, highlighted India’s remarkable progress in building unicorns and startups, how they have successfully entered areas in emerging technologies, such as AI, Web 3, and deep tech.
Mumbai: Credit card spending in India hit a record level of Rs 1.4 lakh crore in May, the data released by the Reserve Bank of India (RBI) revealed.
Abu Dhabi: The Central banks of India and UAE inked agreements in Abu Dhabi to set up a framework for cross-border transactions in local currencies and interlinking of payment and messaging systems.
Dhaka/Ahmedabad: Adani Group Chairman Gautam Adani called on Bangladesh Prime Minister Sheikh Hasina in Dhaka on Saturday following the full load commencement of power supply to Bangladesh from the Group’s Ultra Super-Critical Thermal Power Plant (USCTPP) in Jharkhand’s Godda.
Mumbai: The BSE Sensex ended Friday at a historic high, touching the 66K level at 66,060.90, registering massive gains of 502.01 pts on strong global cues.
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