Indian Market: Sensex down over 200 pts
Mumbai: The BSE Sensex on Friday tumbled down 230 pts to open at 65,559.41 on profit booking.
Finance
After tomatoes, skyrocketing chilli and ginger prices drain consumers' pockets
New Delhi: A cause of heatwaves, heavy rainfall, and disruptions in the supply chain has led to soaring prices of various vegetables across the country, media reports said.
Rupee down 17 paise against USD
Mumbai/UNI: Rupee on Thursday dropped 17 paise at 82.45 against the US Dollar in the opening session on brisk demand for US Dollar by bankers and importers, dealers at Foreign Exchange said.
Sensex declines 55 points
Mumbai/UNI: The BSE Sensex on Thursday declined 55 pts to open at 65,391.88 as selling was seen in Financial services, IT, and Auto stocks.
RBI issues circular on issuance of debit card, credit card and prepaid cards
Mumbai: The Reserve Bank of India (RBI) released a draft circular in connection with the issuance of debit, credit, and prepaid cards on Tuesday.
India in discussions to supply green hydrogen to European Union, Singapore: Report
New Delhi: India is in discussions regarding a potential agreement to supply over 11 million metric tons of green hydrogen annually to the European Union and Singapore, Reuters reported citing three government officials and one industry source.
Indian Market: Sensex falls marginally by 33 points
Mumbai: Snapping a winning streak of the last five sessions, the BSE Sensex ended negative on Wednesday ended negative at 65446.04, down 33 pts on profit booking while the Nifty ended almost steady at 19,398.50, rising 9.50 pts.
Global E-Com expected to hit USD 8.5 trillion by 2026, with a 56 USD growth forecast from 2018: Study
Despite reduced growth rates compared to the initial pandemic period, the forecast for global e-commerce remains bullish. According to the FIS Global Payments Report 2023, the explosive growth in global e-commerce in the first two years of the pandemic has slightly slowed in 2022, with a 10% YoY growth in global e-commerce transaction value from 2021-2022.
Amazon Introduces personalized products with the launch of 'Customize' feature
Kolkata: Amazon India’s first-ever free self-serve product customization feature, “Customize Your Product” is now available across a wide selection of more than 10,000 plus products from 76 different categories.
Canara Bank handed over Dividend for FY 2022-23
New Delhi: Canara Bank MD&CEO Satyanarayana Raju handed over a dividend cheque of Rs.1370 Croreto Union Finance Minister Nirmala Sitharaman.
India services PMI eases to 58.5 in June from 61.2 in May
New Delhi/UNI: India's services sector activities remained in expansion mode, but the pace of growth decelerated in June this year, with the services PMI (purchasing managers’ index) dropping to 58.5 during the month compared to 61.2 in May, according to a S&P Global survey released on Wednesday.
Rupee down 7 paise against USD
Mumbai/UNI: Rupee on Wednesday lost further by seven paise at 82.10 against the US Dollar in the opening session on rising demand for US Dollar by bankers and importers, dealers at Foreign Exchange said.
Sensex down over 100 points
Mumbai/UNI: Snapping a winning streak in the last five sessions, the BSE Sensex on Wednesday fell 162 pts at 65,584.33 in the opening session on profit booking.
India's remarkable economic scale and market potential enable startups in global startup ecosystem: Piyush Goyal
New Delhi: Union Minister Commerce Minister Piyush Goyal has said that India's remarkable economic scale and market potential have played a pivotal role in enabling startups to flourish and thrive in the global startup ecosystem.
CCI approves acquisition of Marnix Lux by Concentrix Corp and shareholding in combined company by shareholders of Marnix Lux
New Delhi: The Competition Commission of India (CCI) has approved the acquisition of Marnix Lux by Concentrix Corporation and shareholding in the combined company by the shareholders of Marnix Lux.
REC Ltd's Rs 4,785 cr loan to HPCL Rajasthan Refinery for greenfield project in Barmer
New Delhi: REC Ltd, formerly known as Rural Electrification Corporation, has extended a loan of Rs 4,785 crores to HPCL Rajasthan Refinery Limited (HRRL), for setting up a green field refinery cum petrochemical complex in Barmer district, Rajasthan.
Bandhan Bank's CFO Sunil Samdani steps down
Mumbai: Bandhan Bank on Tuesday announced that its Chief Financial Officer (CFO), Sunil Samdani, has resigned from his position on July 3 in order to pursue a new opportunity.
Govt increases highway building target to 14,000 km from 12,500 km for FY24
New Delhi: The Central government is contemplating raising the target for highway development in the ongoing year after accelerated progress in road construction during the initial quarter of the financial year 2023-24 (FY24), Moneycontrol reported.
Tata Steel expands its digital services with the launch of Urja programme
Kolkata: Tata Steel is expanding its digital services with the launch of Urja, its flagship unsecured working capital finance programme, on DigECA – the Company’s centralised digital buying and selling platform for ECA (Emerging Customer Account) customers.
Bank of India rolls out Mahila Samman Savings Certificate
Kolkata: Bank of India, one of the largest Public Sector Banks in India, has officially launched the Mahila Samman Savings Certificate, 2023.
US-based active health and wellness company ‘Nutrabolt’ enters the Indian market; forges strategic partnership with Nutraprep
Mumbai: Nutra Prep, a new startup in the Sports Nutrition space, and Nutrabolt, a globally recognized leader in the active health and wellness industry, have signed a strategic deal for India manufacture and distribution of Nutrabolt’s ‘C4’ and ‘Xtend’ brand products.
Motherson enters into a partnership with Honda Motor with an agreement to acquire 81% stake in Yachiyo Industry
Mumbai: Samvardhana Motherson International Limited, a 100% subsidiary of SMRP B.V. (SAHN B.V.), has entered into an agreement to acquire 81% stake in Yachiyo’s 4W (Y4W) Business.
Kalyan Jewellers announces the launch of its 3rd showroom in Bihar
Patna: Kalyan Jewellers, one of India’s most trusted and leading jewellery brands, today announced the launch of its brand new showroom in Patna, located at Anisabad.
Bandhan Mutual Fund launches Bandhan Financial Services Fund
Mumbai: Bandhan Mutual Fund has announced the launch of the Bandhan Financial Services Fund, an open-ended equity scheme, offering investors the opportunity to benefit from the multi-year growth opportunities in the financial services sector.
Indian Market: Sensex historic high at 65,479.05 pts
Mumbai: Maintaining a winning streak for the fifth straight session on Tuesday, the BSE Sensex ended record high at 65,479.05, up 274 pts on the strength of IT, Consumer Durable and Technology stocks.
Hero Vired appoints Prarthana Agarwal as Head of Finance, strengthening its position in India's EdTech industry
New Delhi: Hero Vired, India's leading LearnTech Company catering to professionals and higher education aspirants, announces the appointment of Prarthana Agarwal as its new Head of Finance.
Indian Market: Sensex hits fresh record at 65,503.85 pts
Mumbai: The BSE Sensex remained on top for the fifth consecutive session on Tuesday, as it zoomed up 298 pts to open at 65,503.85 on the strength of Consumer Durable, Health Care and IT stocks.
India's May service exports show 7.7% growth to $27.06 billion, says RBI
Mumbai: India's services exports in May increased by 7.7% year-on-year to $27.06 billion, while imports rose by 2% to $15.5 billion, according to provisional data released by the Reserve Bank of India (RBI) on Monday.
IDFC First Bank plans merger with IDFC
Mumbai: The board of IDFC First Bank has given its approval for the merger of IDFC Ltd and IDFC Financial Holding Company with the bank through a scheme of amalgamation.
Senco Gold Limited's IPO price band fixed from Rs 301 to Rs 317 per equity share, subscription opens tomorrow
Kolkata: Jewellery retail major Senco Gold Limited on Monday said it proposes to open for subscription an initial public offering of equity shares of face value of Rs. 10 each ('Equity Shares')aggregating up to Rs. 4,050 million (Offer) on Tuesday.