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.
IBNS•Jul 13, 2023
Finance
Business and financial news
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.
IBNS•Jul 13, 2023
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.
IBNS•Jul 13, 2023
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.
IBNS•Jul 12, 2023
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.
IBNS•Jul 12, 2023
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.
IBNS•Jul 12, 2023
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.
IBNS•Jul 12, 2023
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.
IBNS•Jul 12, 2023
GST Council recommends amendments to strengthen GST registration process and tackle fake registrations
New Delhi: In an effort to combat fake and fraudulent registrations under the Goods and Services Tax (GST) system, the GST Council has proposed several amendments to the CGST Rules, 2017.
IBNS•Jul 11, 2023
South Eastern Coalfields Ltd plans to develop solar power projects of 600 MW
New Delhi: South Eastern Coalfields Ltd (SECL), one of the largest coal-producing subsidiaries of Coal India Ltd, will be developing rooftop and ground-mounted solar power projects of 600 MW capacity in the coming years.
IBNS•Jul 11, 2023
DPIIT notifies Quality Control Orders for ‘Potable water bottles’ and ‘Flame-Producing Lighter’
New Delhi: The Centre has issued quality control standards on packaged water bottles and flame-producing lighters.
IBNS•Jul 11, 2023
Adani-Hindenburg row: SC adjourns hearing; asks SEBI to circulate its views on expert committee report
New Delhi: The Supreme Court on Tuesday adjourned the string of petitions on the Adani-Hindenburg row, media reports said.
IBNS•Jul 11, 2023
Centre directs scrutiny of Byju's books: Report
New Delhi: The Centre has ordered scrutiny into the accounts of education-technology company Byju’s, Bloomberg reported.
IBNS•Jul 11, 2023
Indo-Bangla taka-rupee dual currency card to be launched in September
Dhaka: Bangladesh Bank governor Abdur Rauf Talukder on Tuesday said the central bank will launch a dual currency card of Bangladeshi Taka and Indian Rupee from September.
IBNS•Jul 11, 2023
Tata Group moving closer towards becoming first Indian iPhone maker: Reports
India's largest conglomerate Tata Group is inching closer to an agreement to acquire an Apple Inc supplier's factory in August, media reports said.
IBNS•Jul 11, 2023
World Bank grants $46 million to Manipur for digital skills development and government transformation
Manipur is set to receive significant financial aid from the World Bank to bolster digital skills and establish a robust foundation for digital government initiatives.
IBNS•Jul 11, 2023
Utkarsh Small Finance Bank’s Initial Public Offering to open on July 12, 2022, sets price band at Rs 23 to Rs 25 per Equity Share
Mumbai:Varanasi-based Utkarsh Small Finance Bank Limited ("Bank”) proposes to open its initial public offering comprising a fresh issue of such number of Equity Shares aggregating up to ₹5,000 million (“Issue”) on Wednesday, July 12, 2023.
IBNS•Jul 10, 2023
Mahindra Manulife Mutual Fund introduces ‘Power SIP Facility’
Mumbai: Mahindra Manulife Investment Management Private Limited announced the launch of a new facility called ‘Power SIP’, under the scheme(s) of Mahindra Manulife Mutual Fund. This facility combines the features and benefits of Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP), enabling the investors to t reap the maximum benefits of power of compounding (SIP) in the form of a steady flow of income (SWP).
IBNS•Jul 10, 2023
L&T and Navantia sign a Teaming Agreement for Project 75 (India) submarine program
Mumbai: Larsen & Toubro and Navantia, Spain signed a Teaming Agreement (TA) today for the purpose of submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.
IBNS•Jul 10, 2023
Sensex recovers by over 200 points
Mumbai/UNI: The BSE Sensex on Monday bounced back by 242.72 pts to 65,523.17 in the opening session as fresh buying was seen in Energy, banking, and FMCG stocks.
IBNS•Jul 10, 2023
World Bank commits $100 million to support Sikkim's rural economies, improving women and youth status
The World Bank has announced its commitment to support the state of Sikkim, bolstering the Government of India's development initiatives in the northeast region. The upcoming project, titled the Integrated Service Provision and Innovation for Rural Economies Program, is set to receive financial backing next year.
IBNS•Jul 09, 2023
Commerce Minister Piyush Goyal to visit UK to further FTA negotiations
New Delhi: Union Commerce and Industry Minister Piyush Goyal will visit the UK from 10th to11th July to focus on the ongoing India-UK Free Trade Agreement (FTA) negotiations and meet the ministers from the European Free Trade Association (EFTA) member countries to discuss the progress of the Trade and Economic Partnership Agreement (TEPA) with EFTA.
IBNS•Jul 09, 2023
Products under One District One Product programme onboarded and tagged on Groyyo’s e-commerce platform
New Delhi: One District One Product (ODOP) identified products will be listed on the e-commerce platform, Groyyo, under several categories such as home textiles, home décor etc.
IBNS•Jul 09, 2023
Application process for One District One Product awards to remain open till July 31
New Delhi: The application process for One District One Product (ODOP) awards, which commenced on June 25, 2023, will remain open till July 31, 2023, the Ministry of Commerce & Industry said on Saturday.
IBNS•Jul 09, 2023
India's toy exports rose 240% in the period from 2014 to 2023, imports dipped 52%: DPIIT
New Delhi: India’s toy sector has made an impressive transformation with exports rising by a staggering 240% in the period from 2014 to 2023, coupled with a significant 52% reduction in toy imports into the country during the same period, according to DPIIT Secretary Rajesh Kumar Singh.
IBNS•Jul 09, 2023
Green hydrogen can transform India from energy importer to energy provider and exporter: Union Minister Hardeep Singh Puri
New Delhi: Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri on Friday said emphasized that green hydrogen has the potential to transform India from an energy importer to an energy provider and exporter.
IBNS•Jul 08, 2023
Bangladeshi banks to introduce India rupee transactions as foreign currency reserves fall: Report
New Delhi: Two Bangladeshi banks are set to introduce trade transactions using the Indian rupee as they aim to bolster forex reserves and reduce dependence on the US dollar, Bloomberg reported.
IBNS•Jul 08, 2023
Tata Steel Foundation inks MoU with Jyotir Gamya, an initiative of Saksham and Assistech Lab of IIT Delhi to train visually impaired persons
Jamshedpur: Tata Steel Foundation inked an MoU with Jyotir Gamya (an initiative of Saksham and Assistech Lab of IIT Delhi) on Friday to implement a two-year-long project to identify and train persons with visual impairments on the use of assistive technology.
IBNS•Jul 07, 2023
Reliance Retail valued $92-96 billion by consultants appointed by the firm: Report
Mumbai: Reliance Retail, a part of Mukesh Ambani’s Reliance Industries Ltd, has been valued at $92-96 billion by two global consultants appointed by the company, Reuters reported citing a source with direct knowledge of the matter.
IBNS•Jul 07, 2023
Flipkart partners with Axis Bank to facilitate personal loans for customers
Bengaluru: E-commerce marketplace Flipkart has entered into a strategic partnership with private sector lender Axis Bank to facilitate personal loans for its valued customers, adding additional convenience and enhanced benefits to its 450 million customers.
IBNS•Jul 07, 2023
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