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43% growth recorded in domestic airline passengers in last 1 yr; monthly growth rate stands at 22.18%

New Delhi: The number of passengers taking domestic flights reached a record-breaking 503.92 lakh in the last one year, marking a substantial annual growth of 42.85% compared to 352.75 lakh passengers same period the previous year, data from domestic carriers revealed.

25% allowances hike for Coal India non-executive workers after agreement

Mumbai: Coal India Ltd (CIL) has revealed that it has successfully concluded discussions with its extensive workforce of 2.38 lakh non-executive employees over the revision of wages, media reports said.

ICICIdirect introduces trading eco-system with Scalping Algo

Mumbai: ICICI Securities (I-Sec), which operates ICICI Direct, a digital wealth-tech platform offering various financial services, today announced the introduction of its new trading eco-system that features a state-of-the-art Scalping Algo for automated trading.

Magadh Sugar & Energy FY23 PAT grows 9% to Rs 50 cr

Kolkata: Magadh Sugar & Energy Limited (MSEL) said its Profit After Tax (PAT) for FY 23 amounted to Rs 50.26 crores, showing a 9% increase compared to Rs. 46.02 crores in FY 22.

Avadh Sugar & Energy FY23 PAT declines by 19% to Rs 100 cr, revenue at Rs 2,798 cr

Kolkata: Avadh Sugar & Energy Ltd (ASEL) has reported Rs 100 crore Profit After Tax (PAT) for FY 23, marking a decline of 19% compared to Rs 124 crore in FY 22.

YES Bank’s Saif Khan joins PayNearby as Chief Growth Officer

Mumbai: Fintech company PayNearby Tuesday announced the addition of Saif Khan to the executive team as Chief Growth Officer (CGO).

SBI report says 2000 rupee note withdrawal a non-event; to have favourable impact on deposits and yields

Mumbai: The withdrawal of 2000 rupee note is likely to be a non-event as digital payment in India has been witnessing new milestones, in both value and volume terms, indicating the robustness of our payment ecosystem and acceptance by a wide stratum of consumers, according to an SBI report.

SIIC, IIT Kanpur and SBI announce strategic collaboration to boost information security

New Delhi:  The Startup Incubation and Innovation Centre (SIIC) of the Indian Institute of Technology Kanpur (IITK) and the State Bank of India signed a Memorandum of Understanding (MoU).

EDII partners with SBI Foundation for skill development of 750 people with disabilities under Project Swavlamban

Mumbai: The Entrepreneurship Development Institute of India (EDII) has partnered with the State Bank of India Foundation (SBIF) for the skill development and training of 750 persons with disabilities (PwDs) under SBI’s Corporate Social Responsibility (CSR) project – Swavlamban.

ALD Automotive successfully completes the acquisition of LeasePlan

ALD Automotive has successfully completed the acquisition of of LeasePlan, one of the world’s leading fleet management and mobility companies, from a consortium led by TDR Capital.

Tata Motors wins order for 50 Magna 13.5-metre buses from Vijayanand Travels

Mumbai: Automobile major Tata Motors on Tuesday announced that it has bagged the order for 50 Magna 13.5-metre buses from Vijayanand Travels.

Sustainable Laundry Champion Navjot Sawhney honoured at Icon Awards

Navjot Sawhney, a British Sikh entrepreneur and the founder of the Washing Machine Project, has been recognized as one of the winners at the prestigious 21st Century Icon Awards held in London.

Sydney tour: Narendra Modi meets Fortescue Metals Group chief Andrew Forrest

Sydney: PM Narendra Modi met the leading Australian industrialist Andrew Forrest, Executive Chairman and Founder of Fortescue Metals Group and Fortescue Future Industries on May 23 in Sydney.

Amazon Fresh expands to over 60 cities in India

Kolkata: Amazon India on Monday announced the expansion of Amazon Fresh, its full basket grocery service to over 60 cities across India.

Bharti AXA Life Insurance drives digital transformation of services through ‘Project Serv-o-ttam’

Kolkata: In its commitment to providing a seamless customer journey, Bharti AXA Life Insurance is constantly striving to strengthen its digital capabilities.

Meghalaya investors roundtable ignites excitement for lucrative investment prospects in Northeast India

Shilliong/IBNS: Meghalaya's State Government, in collaboration with the Ministry of Development of North-Eastern Region (DoNER), successfully organized an investors roundtable in Shillong.

EPFO adds 1.39 crore net members in FY23, 13.40 lakh added in March

New Delhi: The Employees' Provident Fund Organisation (EPFO) added 13.40 lakh net members in the month of March, the Ministry of Labour & Employment said on Saturday.

Rs 2,000 notes Exchange: SBI issues guidelines to branches amid misinformation on social media

Mumbai: The State Bank of India has issued a guideline to all its branches, allowing them to exchange or accept deposits in Rs 2000 notes "without obtaining any requisition slip".

Centre to develop Chattisgarh's Gevra Mega project into Asia's largest coal mine

Raipur: The government is focussing on expanding the capacity of the Gevra Mega project in Chhattisgarh further to 70 million tonnes (MT) per annum. The expansion would establish the Gevra Mega project as the largest coal-producing mine in Asia.

Guwahati signs MoU to develop 'Riverine Based Religious Tourism Circuit', boosting Assam's tourism sector

Guwahati/IBNS: A memorandum of understanding (MoU) has been signed to develop a 'Riverine Based Religious Tourism Circuit' in the city of Guwahati, India.

Withdrawal of Rs 2,000 notes won't affect common man, says former Chief Economic Advisor Krishnamurthy Subramanian: Report

London: Former Chief Economic Advisor Krishnamurthy Subramanian on Saturday that Saturday said that the withdrawal of the Rs 2,000 note by the Reserve Bank of India (RBI) would not have an impact on the general public.

IT minister Ashwini Vaishnaw welcomes Japan's interest in joining India's UPI

New Delhi/Tokyo: Union minister Ashwini Vaishnaw on Friday welcomed Japan's interest in joining India’s UPI payment system.

Tesla held talks with India on incentives for car and battery manufacturing: Report

New Delhi: The executives of US-based electric car maker Tesla engaged in discussions with Indian officials regarding potential domestic incentives for car and battery manufacturers, indicating that the company is reconsidering its entry into the Indian market, Reuters reported citing a source familiar with the matter.

Air Asia India joins hand with IOCL, Praj to operate flight powered by SAF

New Delhi: In a move towards decarbonisation of the aviation sector, budget carrier Air Asia India operated the first commercial flight in India powered by a blend of ‘indigenous’ sustainable aviation fuel (SAF).

No TCS on overseas spending through international debit or credit cards up to Rs 7 lakh per financial year: Centre

New Delhi: The Centre on Friday announced that individuals who use their international debit or credit cards for payments, up to Rs 7 lakhs per financial year, will be exempted from the limits set under the Liberalized Remittance Scheme (LRS).

Jet Airways: NCLT to hear Jalan Kalrock Consortium's plea to stop SBI from invoking Rs 175 cr bank guarantee

New Delhi: The National Company Law Appellate Tribunal (NCLAT) will hear a plea made by Jalan Kalrock Consortium (JKC), the successor to Jet Airways management, on May 22. JKC is seeking directions to prevent the State Bank of India (SBI) from invoking its bank guarantee of Rs 175 crore, media reports said.

JSW Steel Q4FY23 net profit grows 13.29% to Rs 3,664 cr

Mumbai: JSW Steel announced on Friday reported a consolidated net profit of Rs 3,664 crore for the quarter ending in March 2023, marking a 13.29 percent increase compared to Rs 3,234 crore in the same quarter of the previous year.

Logistics company Delhivery Q4FY23 loss widens to Rs 159 cr

Mumbai: Logistics unicorn Delhivery recorded a wider net loss of Rs 159 crore in the fourth quarter ending March 2023.

RBI transfers Rs 87,416 cr to govt; Rs 40,000 cr more than expected

Mumbai: The central board of directors of the Reserve Bank of India (RBI) has given its approval for the transfer of Rs 87,416 crore as a dividend to the Centre, media reports said.

India achieves record coal prodn of 893.08 MT in FY23; prodn grows 47% in the last 9 yrs

New Delhi: India’s overall coal production has gone up by 47% to 893.08 million tonnes (MT) in the last nine years and supply has touched 877.74 MT, recording 45.37% growth, the government said on Friday.