India's UPI to be now available in Sri Lanka
New Delhi: India's instant payment technology Unified Payments Interface (UPI) will now be used in Sri Lanka.
Finance
US Fed slaps $186 mn fine on Deutsche Bank over unsafe practices
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.
Ireland’s first low-carbon district heating network employs Honeywell Solstice Ze Refrigerant
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.
Indian hotel industry to witness decadal-high occupancy of 70-72% in FY2024: ICRA
Mumbai: ICRA estimates pan-India premium hotel occupancy at around 70-72% in FY2024, after recovering to 68-70% in FY2023.
Tata Group to set up a battery gigafactory in the UK
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.
India's growth rate can push its poverty elevation efforts: World Bank President Ajay Banga
New Delhi: India’s growth rate can be the vantage point in its poverty elevation efforts, according to World Bank President Ajay Banga.
Power Finance Corporation Limited to tap Capital Market to raise uptoRs 5,000 crore via public issue of Secured NCDs
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.
Indian Market: Sensex ends life-time-high at 67,097.44 pts
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.
Tata Enterprise's Westside refurbishes standalone store at Kolkata
Kolkata: The Tata enterprise, Westside, has recently renovated its 22-year old store in West Bengal, India.
Amit Shah launches portal which will help 10 crore Sahara depositors get refund
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.
Indian Market: Sensex ends historic high at 66,795.14 pts
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.
MX Player, DistroTV partner to build India’s Live TV Streaming Service
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.
Sensex opens high at 66,828.96 points
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.
Rupee rises 3 paise against USD
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.
Bank of Canada hikes key interest rate by 25 basis points to 5 percent, highest since 2021
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.
Indian Market: Sensex ends its all-time high at 66,589.93 pt
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.
Sensex opens at 66,148.18 points
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.
Startups will increase 10 times in the next 4-5 years: MoS Rajeev Chandrasekhar
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.
Credit card spending reaches record high at Rs 1.4 lakh cr in May; 87.4 million cards in circulation
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.
Central banks of India, UAE agree to o Link UPI Systems, Card Payments
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.
Adani Group commences full load power supply to Bangladesh from its thermal power project in Jharkhand's Godda
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.
Indian Market: Sensex ends all-time-high at 66,060.90 pts
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.
Tata Metaliks reports Rs 4.55 cr PAT in Q1FY24
Kolkata: Tata Metaliks Ltd Thursday said its net profit for the quarter ended June FY24 stood at Rs 4.55 crore, growing multifold from just Rs 1.22 crore in the previous year period.
Centre imposes import restrictions on specific gold jewellery, articles
New Delhi: The Centre on Wednesday implemented import restrictions on specific gold jewellery and articles to reduce the import of non-essential items.
Infosys decides to defer salary hikes of employees below senior management level: Report
Bengaluru: IT services company Infosys has decided to postpone salary hikes for employees below the senior management level, according to a report in Moneycontrol.
GST Council decides to levy 28 pc tax on online gaming, casinos and horse-racing
New Delhi: The all-powerful GST Council chaired by Union Finance Minister Nirmala Sitharaman on Tuesday decided to impose 28% tax on online gaming, horse racing and casinos.
Is it possible to obtain car insurance with a temporary registration number?
An accident in your brand-new car can be heartbreaking. And when the accident happens to your car that still has a temporary registration number can be all the more worrisome. It could bring a lot of questions and confusion to your mind. So, if you are wondering if you can get car insurance with a temporary registration number, read on. We may have some good news for you.
Gautam Adani considering bidding for Anil Ambani's coal-fired power plants under auction: Report
New Delhi: Billionaire Gautam Adani is contemplating a bid for the coal-fired power plants owned by Anil Ambani, who is facing financial difficulties, Bloomberg reported.
Schaeffler India appoints Hardevi Vazirani as Director Finance and Chief Financial Officer
Pune: Automotive and industrial supplier Schaeffler India Limited on Tuesday announced the appointment of Hardevi Vazirani as Director of Finance.
GST Council Meet: 28% GST to be levied on online gaming, horse racing, casinos
New Delhi: The Group of Ministers (GoM) attending the 50th GST Council Meeting on Tuesday reached a decision to impose a 28 percent Goods and Services Tax (GST) on the entire value of online gaming, horse racing, and casinos.