Business and financial news
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Mumbai: Vodafone Idea announced it will consider raising up to Rs 2,000 crore through a preferential equity issuance to a promoter entity during a board meeting scheduled for Monday, December 9, media reports said.
New Delhi/IBNS: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
Mumbai: The Reserve Bank of India (RBI) is set to announce its interest rate decision on Friday morning following the conclusion of a three-day meeting of the Monetary Policy Committee (MPC), amid persistent inflation and sluggish GDP growth.
Procter & Gamble has revamped its supply chain for the ultra-thin stainless-steel strips used in its Gillette razors, shifting sourcing to India, Reuters reported.
New Delhi: The Gas IndeX of India (GIXI) for November 2024 stood at Rs 1,103 ($13) per MMBtu, largely unchanged from the previous month.
Amravati: The Andhra Pradesh CID has filed an FIR against three people based on a complaint by Karnati Venkateswara Rao, former chairman and managing director (CMD) and shareholder of Kakinada Seaports Ltd (KSPL), media reports said.
Mumbai: Bharti Airtel, India’s second-largest telecom operator, has entered a multi-year, multi-billion-dollar agreement with Swedish telecom equipment maker Ericsson to extend its 4G and 5G contracts, according to a press statement issued on Wednesday.
New Delhi: India's services sector maintained robust growth in November despite facing the sharpest price rise in over a decade, according to a business survey.
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) began its three-day meeting in Mumbai today to review the country's policy rate.
New Delhi/IBNS: In a significant development that could reshape India's electric vehicle (EV) landscape, Chinese automaker BYD is positioning itself to silently dominate the country's rapidly growing EV market.
Mumbai: Viacom18 Media Pvt Ltd, a subsidiary of Reliance Industries, has officially acquired ownership of the domain jiohotstar. com, concluding a prolonged period of legal and commercial disputes, Business Standard reported.
New Delhi: IndiGo has filed a lawsuit against Mahindra Electric Automobile in the Delhi High Court, alleging trademark infringement over the use of its ‘6e’ mark in Mahindra’s upcoming electric car, the Mahindra BE 6e, slated for launch in February 2025, media reports said.
Mumbai: Hindustan Unilever’s (HUL) Vim brand, a leader in the dishwashing segment, is poised to surpass Rs 3,000 crore in sales, media reports said.
Expanding its reach, HUL has introduced Vim in the floor cleaning category.
Thimphu/Mumbai: IT major Tata Consultancy Services TCS has announced a strategic partnership with the Bank of Bhutan to modernize the bank’s digital core for enhanced customer service.
New Delhi: Hyundai Motor Group announced collaborations with three Indian Institutes of Technology (IITs) on Tuesday to develop a research framework focused on batteries and electrification.
Mumbai: Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has successfully commissioned the 431 MW DC solar project at Neemuch in Madhya Pradesh.
Mumbai: Indian food and grocery delivery platform Swiggy announced a reduced quarterly loss on Tuesday, driven by strong order growth in its food delivery and quick commerce segments, media reports said.
EV two-wheeler major Ather Energy Limited has opened its first Experience Centre, Ather Space, in Colombo, Sri Lanka.
Primarc and RDB Group recently announced that their affiliate, RDB Primarc Techno Park LLP, has executed definitive agreements to purchase the business undertaking of DLF Techpark 1 from DLF Infocity Developers (Kolkata) Ltd., a wholly owned subsidiary of DLF Cyber City Developers Ltd. for an aggregate consideration of Rs. 638 (six hundred thirty-eight) crores approximately on a slump sale basis.
Automobile major Mahindra & Mahindra Ltd. (M&M Ltd.) on Monday announced that its overall auto sales for the month of November 2024 stood at 79083 vehicles, including exports.
Mumbai/IBNS: Cochin Shipyard's shares continued their upward trajectory on Monday (Dec. 2), rising for the seventh consecutive session.
New Delhi/IBNS: Goods and Services Tax (GST) collection for November rose by 8.5 percent to Rs 1,82,269 crore, marking the fourth-highest figure since the implementation of the new tax regime over seven years ago.
Washington DC: US President-elect Donald Trump on Saturday issued a stern warning to BRICS nations, demanding they commit not to create or support a new currency to replace the US dollar or risk facing 100% tariffs, Reuters reported.
New Delhi: India witnessed a contraction in wages last quarter for the first time since the pandemic, slowing the economy as consumers reduced spending amid a corporate profit slump, reported Bloomberg News.
Mumbai: Dismissing allegations of a $265 million bribery scheme by U.S. authorities against the Adani Group's executives, including Chairman Gautam Adani,conglomerate's Chief Financial Officer Jugeshinder Singh Friday stated that the individuals implicated would respond to the claims within 10 days, Reuters reported.
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