HDFC Mutual Fund launches HDFC NIFTY 1D Rate Liquid ETF
Mumbai: HDFC Asset Management Co. Ltd (HDFC AMC), investment manager to HDFC Mutual Fund (HDFC MF) has announced the launch of HDFC NIFTY 1D Rate Liquid ETF (“the Scheme”).
Finance
SBI Life Insurance launches ‘24X7 inbound contact centre’
SBI Life Insurance, a private life insurance company, launched its dedicated 24X7 inbound contact centre to address the before & after purchase queries related to comprehensive insurance solutions provided by the company.
Karnataka skilling, digital economy bodies partner HireMee for assessment, skill-building
Bengaluru: Two Karnataka State bodies charged with skill development and digital economy--Karnataka Skill Development Corporation (KSDC) and the Karnataka Digital Economy Mission (KDEM) -- have partnered with SaaS-based skilling platform HireMee to help identify hidden talent in the state with a view to enhance their employability.
Indian Rupee falls 4 paise against USD
Mumbai: The rupee on Monday declined four paise to close at 83.16 against the USD on rising demand for the US dollar by bankers and importers amid a rebounding equity market, dealers at the Foreign Exchange said.
Indian Market: Sensex jumps 267.43 points
Mumbai: Snapping a losing streak of the last two sessions, the BSE sensex on Monday advanced 267.43 pts to close at 65,216.09 on the strength of utilities, power, metal, and capital goods stocks.
Indian Market: Sensex moves over 100 pts
Mumbai: The BSE Sensex on Monday gained 148.86 pts to 65,097.52 in opening trade as buying was seen across the board.
Govt to set up Bureau of Port Security soon: Ports Minister Sarbananda Sonowal
Kevadia (Gujarat): The government will soon set up the Bureau of Port Security towards upgrading security across all the ports in the country, Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal said on Saturday.
Legal framework for accounting and taxation professionals in GIFT City soon: Sitharaman
Gandhinagar: Union Finance Minister Nirmala Sitharaman on Saturday said that a comprehensive legal framework for accounting and taxation professionals will soon be in place to enable them to provide services to the world, making GIFT City the global hub for accounting and financial back-office functions.
Govt imposes 40% duty on onion import
New Delhi: The government has imposed a 40 percent duty on the import of onion till December 31, the Ministry of Finance said on Saturday.
Barclays revamps top management in India with new appointments: Report
Mumbai: Barclays Plc on Friday announced the appointment of new executives to its top management in India, which is a major overseas market for the lender.
CCI imposes Rs 40 lakh fine on Axis Bank for not meeting regulatory requirements in CSC e-Governance stake acquisition
Mumbai: The Competition Commission of India (CCI) has imposed a penalty of Rs 40 lakh on Axis Bank for its failure to inform the regulator about its acquisition of a stake in CSC e-Governance, media reports said.
Flipkart co-founder Binny Bansal to create a new start-up: Report
Mumbai: Binny Bansal, who recently divested his remaining stake in the e-commerce giant Flipkart, is actively working on launching a new startup, Moneycontrol reported.
NLC India enters into long-term power usage agreement for 300 MW solar project with Rajasthan
New Delhi: Navratna public sector undertaking NLC India Ltd entered into Long Term Power Usage Agreement with Rajasthan Urja Vikas Nigam Ltd for the supply of 300 MW of Solar Power under the CPSU Scheme at Rajasthan, the Ministry of Coal said on Friday.
Moody's affirms Baa3 rating for India; raises concerns over political challenges
New Delhi: Moody's Investors Service on Friday affirmed its Baa3 rating for India and upheld the stable outlook, media reports said.
Axis Bank partners with RBI Innovation Hub to launch Kisan Credit cards and MSME loans
Kolkata: Axis Bank on Thursday announced the launch of two lending products powered by the Public Tech Platform for Frictionless Credit (PTPFC), introduced by the Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the RBI.
Mercedes-Benz invests over Rs 100 cr to make its best-selling SUV, GLC, in India
Hyderabad: Mercedes-Benz has invested 12 million euros (Rs 100 plus crore) in to manufacture in India its best-selling five-seater SUV, the GLC.
RBI issues guidelines to recalibrate floating rate loan EMI
Mumbai: The Reserve Bank of India (RBI) on Friday released comprehensive guidelines for the recalibration of interest rates for equated monthly installments (EMIs) in floating interest loans.
Bihar: NTPC commissions unit-2 of Barh Super Thermal Power Project
R K Singh, Union Minister of Power, New and Renewable Energy, on Friday, dedicated the 660 MW Unit#2 of Barh Super Thermal Power Project at Barh in Patna, Bihar.
Bajaj Finance Fixed Deposits cross Rs 50,000 crore
Bajaj Finance Limited, a Non-Banking Financial Company, and part of Bajaj Finserv, on Friday said its Fixed Deposits book had crossed a milestone of Rs. 50,000 crore.
InsurTech major Renew Buy closes US$ 40million as a part of its Series D fund raise
InsurTech major, RenewBuy has closed US$ 40 million fund raise, in a series D funding round; from Japanese insurance major, Dai-ichi Life Holdings Inc.
Ice Make Refrigeration Limited achieves strong financial performance in Q1FY24, net profit up by 73.02 pct to Rs 5.36 Crore
Ice Make Refrigeration Limited, a prominent manufacturer of more than 50 refrigeration equipment in India, said it registered strong financial results for the first quarter of FY 2024, ending on June 30, 2023.
Bandhan Mutual Fund launches Nifty IT Index Fund
Bandhan Mutual Fund announced the launch of the Bandhan Nifty IT Index Fund, an open-ended equity scheme tracking Nifty IT index, with an aim to capture the growth potential of the Indian Information Technology (IT) sector.
Shyam Metalics and Energy Limited strengthens leadership with New Board Members
Shyam Metalics and Energy Limited (SMEL), an integrated metal-producing company headquartered in Kolkata, recently announced the appointment of Shashi Kumar and Malay Kumar De as the new members of its Board of Directors as Additional Directors in the capacity of Independent Directors.
Shriram AMC to launch multi-asset allocation fund today
Shriram Asset Management Company, part of the Shriram Group, will launch the Shriram Multi Asset Allocation Fund on Friday.
Fixed Deposits for NRI Investors: Tax Implications and Repatriation Rules
Fixed deposit accounts have been great investment tools for Non-Resident Indians (NRIs) seeking stability and predictable returns. These accounts offer a secure way to grow your money while keeping it easily accessible. However, before you embark on your investment journey, it's crucial to understand the tax implications and repatriation rules associated with NRI fixed deposits. In this comprehensive guide, we will explore the considerations for NRIs looking to invest in fixed deposits.
Unacademy stirs row sacking tutor for 'vote for educated candidates' appeal, Kejriwal comments
New Delhi/IBNS: Ed-tech platform Unacademy has triggered a row sacking one of its tutors for urging students to "vote for educated candidates" in the elections of the country.
Bank of Baroda opens 251 new Gold Loan Shoppes
Mumbai: Bank of Baroda on Thursday announced the launch of 251 new Gold Loan Shoppes across the country.
Godrej launches hair colour shampoo at Rs 15
Hair colour manufacturer Godrej Consumer Products Ltd (GCPL) has launched a new shampoo hair colour brand ‘Godrej Selfie’ at Rs 15.
Vivriti Capital Ltd to raise Rs 500 cr via NCD; issue openson Aug 18
Mumbai: Non-banking financial company (NBFC) Vivriti Capital Ltd on today announced its first public issue of non-convertible debentures (NCDs) on Friday (Aug 18) to raise up to Rs 500 crore.
Mumbai is currently the most expensive Indian city to live in: Survey
Mumbai has been ranked as the most expensive Indian city to live in India, as per a news report released by leading property consultant Knight Frank India.