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.
Finance
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.
ESAF Small Finance Bank Limited opens its Regional Office in Nagpur
Nagpur: ESAF Small Finance Bank Limited, a small finance bank with a focus on unbanked and under-banked customer segments, expanded its operations in Nagpur by opening its new regional office.
MOIL registers highest manganese ore production of 4.36 lakh MT
New Delhi: MOIL has achieved its best ever quarterly manganese ore production of 4.36 lakh MT in the first quarter of FY24, registering a substantial growth of 35% over the corresponding period last year (CPLY).
SpiceJet pays back Rs 100 cr loan to City Union Bank, frees collaterals
New Delhi: SpiceJet on Monday announced the successful settlement of a loan payment amounting to Rs 100 crore to City Union Bank, news agency ANI reported.
Coal prodn grows 8.4% to 222.93 MT in Q1 of FY 2023-24
New Delhi: India’s overall coal production surged substantially with a growth of 8.40% in Q1 of FY 2023-24, the Coal Ministry said on Monday.
Anil Ambani questioned by ED in FEMA violation case
Mumbai: Reliance ADA Group Chairman Anil Ambani appeared before the Enforcement Directorate (ED) in Mumbai on Monday, media reports said.
Volkswagen India expands its performance line with the introduction of Virtus GT DSG at INR 16.19 lakh
Mumbai: Volkswagen Passenger Cars India announces the expansion of its coveted Performance Line on the Virtus with a new variant introduction – Virtus GT DSG. Priced at INR 16,19,900 (ex-showroom), the Virtus GT DSG variant makes the sought-after GT badge further accessible for prospective customers.
Tata Motors to take a marginal price hike on its passenger vehicles from July 17
Mumbai: Auto mobile major Tata Motors on Monday announced that it will increase prices of its passenger vehicles (ICE and EVs), effective July 17, 2023, on an average of 0.6% across models and variants.
Ducati Memorabilia project updated with GP16 componentry
New Delhi: Ducati Memorabilia is the exclusive project launched in December 2019 by Ducati and Ducati Corse, that offers to the most passionate Ducatisti the chance to become owners of authentic and certified parts of the bikes used in recent years by factory riders in the MotoGP and World Superbike championships.
IndusInd Bank's promoter IIHL approves capital raising of USD 1.5Bn
Port Louis, Mauritius: IndusInd International Holdings Limited (IIHL), the promoter of IndusInd Bank, in its Board Meeting took the strategic decision to expand its business horizon in India and other global geographies, in the BFSI sector.
SBICAPS opens branch office in Abu Dhabi Global Market
Abu Dhabi/Mumbai: SBI Capital Markets Limited (SBICAPS), a wholly owned subsidiary and investment banking arm of State Bank of India (SBI)on Monday announced the opening of its first overseas branch office in Abu Dhabi Global Market (ADGM), an international financial centre and free zone located on Al Maryah Island in UAE’s capital, Abu Dhabi.
Suzuki Motorcycle India registers 80,737 unit sales in June 2023
New Delhi: Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, on Monday said it registered an overall sale of 80,737 units in June 2023.
Indian Market: Sensex touches new peak at 65,205.05 pts
Mumbai: The BSE Sensex remained on top for the fourth straight session on Monday, breaching 65K level at 65,205.05, surging 486.49 pts on strong global peer.
India's manufacturing PMI eases to 57.8 in June
New Delhi/UNI: India's factory activities continued to be strong but expanded at a slower pace in June 2023, with manufacturing PMI (Purchasing Managers’ Index) easing to 57.8 during the month from 58.7 in May, according to S&P Global survey findings released on Monday.
Assam launches Rs 250 crore fund in collaboration with World Bank to boost agriculture sector
The World Bank and other multiple stakeholders have joined forces to establish a Rs 250 crore fund in Assam promote small and medium units in the agriculture sector.
Sensex hits fresh record at 65,157.73 points
Mumbai/UNI: The BSE Sensex on Monday touched the 65K level for the first time at 65,157.73, surging 439.17 pts in the opening session as buying was seen across the board amid strong global cues.
Rupee at 81.84 against USD
Mumbai/UNI: The Rupee on Monday rallied 25 paise at 81.84, against the US Dollar in the opening session on selling of US Dollar by bankers and exporters, dealers at Foreign Exchange said.