ICICI Bank introduces auto recharge on FASTag through UPI mandate
Mumbai/IBNS: ICICI Bank today announced that it has enabled FASTag auto recharge through Unified Payments Interface (UPI) mandate.
Finance
Adani Enterprise Q4FY23 net profit more than doubles riding on strong performance of key coal business
Mumbai: Gautam Adani led Adani Group’s flagship firm Adani Enterprises Ltd said on Thursday that its quarterly profit more than doubled, riding on a strong performance from its key coal trading division, Reuters reported.
World Bank appoints Indian-origin Ajay Banga as its next president
The World Bank said in an official announcement that Ajay Banga has been appointed as its next president.
ONGC’s Uran Plant collaborates with IIT-Bombay to develop innovative gas-sweetening process
Mumbai/IBNS: ONGC’s Uran Plant in Navi Mumbai has signed a research and development (R&D) agreement with the Indian Institute of Technology, Bombay (IIT-B) to develop an innovative gas sweetening process using nano-fluids.
Adani Wilmar Ltd Q4 FY23 PAT drops 60% y-o-y to Rs 94 cr, volume grows 15%; FY23 revenue grows 7% to Rs 58,185 cr
Mumbai: Adani Wilmar Ltd on Wednesday said it recorded a 15% volume growth in Q4 FY23 while consolidated revenue witnessed a decline of 7% to Rs 13,873 crore, due to a fall in prices of edible oil.
NTPC Group hits major milestone with 72304 MW installed capacity, including first overseas capacity addition in Bangladesh
New Delhi/IBNS: NTPC Group has reached a significant milestone in the power sector, with an installed capacity of 72304 MW.
BharatPe acquires 51% stake in Trillion Loans
Mumbai/IBNS: Fintech group BharatPe Wednesday said it has completed its acquisition of a majority stake in Trillion Loans, a renowned NBFC (Non-Banking Financial Company) based out of Mumbai. The deal was completed in the month of April.
Airtel enters new partnership with Bridgepointe Technologies under Global Channel Partners Programme
Kolkata/IBNS: Telecom major Bharti Airtel said it has entered a strategic partnership with Bridgepointe Technologies, a tech advisory firm that helps mid-market and enterprise companies bridge the gap between tech investments and business results.
Coal Ministry Action Plan 2023 -24 targets 1012 MT coal production
New Delhi/IBNS: The Ministry of Coal has finalised the total coal production target of 1012 MT for FY 2023-24.
CEPA is the growth engine for India-UAE bilateral trade
New Delhi: On the occasion of the first anniversary of the implementation of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) recently, Commerce Secretary Sunil Barthwal congratulated the people of India and the UAE on the milestone and talked about CEPA’s role as a growth engine for India-UAE bilateral trade over the past 11 months.
4G connectivity enhancing digital economy at Indo-China border
Locals can now access new-age digital economy after the government-funded 4G tower of Airtel started services last week in Lumpo village of Arunachal Pradesh.
UCO Bank posts highest ever annual net profit of Rs 1862.34 cr for FY23
Mumbai/IBNS: Public sector lender UCO Bank on Tuesday posted the highest ever annual net profit of Rs 1862.34 crore for the year FY23, a y-o-y growth of 100.30% against Rs 929.76 crore for FY22.
Mahindra Auto April 2023 vehicle sale across portfolio jumps 36% to 62,294; SUV sale jumps 57% to 34,694
Mumbai: Auto major Mahindra & Mahindra Ltd Tuesday said its overall auto sales for the month of April 2023 stood at 62,294 vehicles.
Raj Kumar Dubey takes over as Director (HR) of Bharat Petroleum
New Delhi/IBNS: Raj Kumar Dubey on Tuesday joined Bharat Petroleum Corporation Limited (BPCL) as the Director (Human Resources), the state-run refiner said.
IT sleuths conduct raids on shopping malls in Hyderabad
Hyderabad: Income Tax (IT) officials on Tuesday raided several shopping malls here to investigate potential tax evasion.
NMDC registers highest April month performance since inception
New Delhi/IBNS: India’s largest iron ore producer NMDC reported a production of 3.51 Million Tonne (MT) and a sale of 3.43 Million Tonne in April 2023, recording the best-ever performance for any April month in NMDC history, the Ministry of Steel said Saturday.
NTPC’s captive mine coal prodn jumps 148%; April, 2023 despatch at record 2.95 MMT
New Delhi/IBNS: Government-owned power generator NTPC has registered a growth of 148% in coal production from its captive mines in April 2023 as compared to production registered in April last year.
State-run MOIL registers highest-ever April manganese prodn
New Delhi/IBNS: MOIL has registered the best April production performance since inception with a production of 1.31 lakh tonnes of manganese ore in April 2023.
Daily toll collection through FASTag reaches record high of over Rs. 193 cr
New Delhi: The daily toll collection through the FASTag system achieved a historic milestone, reaching an all-time high collection of Rs 193.15 crore with 1.16 crore transactions recorded in a single day on April 29, the Ministry of Road Transport & Highways.
Mysterious blast at fuel station triggers panic in Jammu
Jammu: A mysterious explosion at a fuel station, believed to be caused by a short circuit in the Narwal area, has caused tremendous panic among the people.
Bangladesh allows India's permanent access to Chattogram, Mongla ports
In a significant decision, the Bangladesh government has granted India permission to use Chattogram and Mongla ports to transit and trans-shipment cargo vessels, media reports said.
Key economic report shows 14 million jobs worldwide will vanish in the next 5 years
Geneva: The Future of Jobs Report 2023 suggests that almost a quarter of jobs (23%) are expected to change in the next five years through growth of 10.2% and decline of 12.3%.
Byju's ‘confident’ FEMA rules not violated: Report
After Saturday’s ED searches, Byju Raveendran, the CEO of educational platform Byju's, in a letter to his employees stated that the company has brought more foreign direct investment (FDI) to India than any other startup and no FEMA rules.
Twitter CEO Elon Musk cuts paid parental leave to 14 days from 20 weeks: Report
New York: Twitter CEO Elon Musk has drawn flak after the company changed its parental leave policy by slashing the period from 20 weeks to 14 days (2 weeks), as per internal company documents accessed by New York Times.
Bank of Baroda: Centre appoints Debadatta Chand as MD & CEO
New Delhi/IBNS: The Centre has appointed Debadatta Chand as the company's Managing Director (MD) and Chief Executive Officer (CEO), Bank of Baroda said on Saturday.
ED searches Byju’s office, residence over alleged FEMA violations
New Delhi: Directorate of Enforcement (ED) conducted searches at three locations-two business and one residential- of Raveendran Byju and his company in Bengaluru over alleged violation of the provisions of Foreign Exchange Management Act (FEMA), the probe agency said on Saturday.
Adani-Hindenburg Row: SEBI moves SC seeking direction for six more months to complete probe
New Delhi: Stock market regulator Securities and Exchange Board of India (SEBI) on Saturday sought more time to complete its probe into US short seller Hindenburg Reseach's allegations of “brazen stock manipulation” and an “accounting fraud scheme” against the Adani group.
Twitter introduces worldwide account monetization
San Francisco/UNI/IBNS: Twitter has announced an option to monetize accounts, which will allow all its users to earn money from their posts.
Apple MixC Shenzhen opens in China
Shenzhen: Smartphone maker Apple on Friday previewed Apple MixC Shenzhen, the second store in this vibrant city.
Core sector growth dips to five-month low of 3.6% in March
New Delhi: The combined output of India's eight core industries dropped to a five-month low of 3.6% year-on-year in March 2023 as against 7.2% in the previous month, data from Commerce Ministry showed on Friday.