Mumbai: India’s foreign currency reserves grew for the fourth consecutive week, reaching $599.53 billion as of May 12, according to the Reserve Bank of India’s statistical supplement released on Friday.
New Delhi/IBNS: The Reserve Bank of India Friday announced that it will withdraw Rs.2,000 notes from circulation and people can exchange or deposit them in their bank accounts by Sept 30.
New Delhi: The Indian government on Friday said India's defence production value in Financial Year 2022-23 has crossed the figure of Rs. 1 lakh crore for the first time ever.
New Delhi: During the last nine years, India’s overall coal production has gone up by 47 percent to 893.08 Million Tonne (MT) and supply has touched 877.74 Million tonne, recording 45.37 percent growth, officials said on Friday.
Kolkata/IBNS: Hotels to FMCG conglomerate ITC Ltd on Thursday reported a growth of 21.4% YoY in its Q4FY23 standalone PAT to Rs 5,086.86 crore compared to Rs 4,190 crore.
Kolkata: PNB Housing Financing on Thursday reported Profit After Tax of Rs 279 crore, a substantial year-on-year increase of 65%, and a modest 4% quarter-on-quarter growth for Q4FY23.
Kolkata/IBNS: India's largest public sector lender State Bank of India on Thursday reported that its FY23 net profit crossed Rs 50,00 crore reaching Rs 50,232 crores, representing a YoY growth of 58.58%. The net profit for the fourth quarter also witnessed impressive growth, surging by 83.18% to Rs 16,695 crores.
New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the signing of the Memorandum of Understanding (MoU) between the Competition Commission of India (CCI) and the Egyptian Competition Authority (ECA).
New Delhi: India's fertilizer subsidy bill for the current financial year is expected to exceed the budgeted amount of Rs 1.75 trillion by Rs 50,000 crore, reaching Rs 2.25 trillion, Chemical and Fertilizers Minister Mansukh Mandaviya said on Wednesday.
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Mumbai/UNI: The BSE Sensex on Thursday recovered 155.67 points at 61,716.31 in opening trade as buying was seen in FMCG, Industrials and IT stocks.
New Delhi: Prime Minister Narendra Modi is scheduled to preside over the governing council meeting of NITI Aayog on 27th May, media reports said.
Senior executives from Tesla Inc., the US-based electric car maker, held meetings on Wednesday with officials from the Prime Minister's Office (PMO), Ministry of Road Transport and Highways, and Ministry of Heavy Industries in New Delhi, media reports said.
New Delhi: Union Minister Ashwini Vaishnaw on Wednesday said that the recently approved modified production-linked incentive scheme for IT hardware manufacturing is expected to create approximately 75,000 direct employment opportunities as well as three times as many indirect jobs.
London: Srichand Parmanand Hinduja, the eldest among the Hinduja brothers and the chairman of the Hinduja Group, passed away in London on Wednesday at the age of 87.
Mumbai: The Reserve Bank of India (RBI) has granted permission to SBI Funds Management (SBIMFL) to acquire a stake of up to 9.99 percent in terms of paid-up share capital or voting rights of HDFC Bank, the bank said in an exchange filing on Wednesday.
Mumbai: Tata Sons Chairman N. Chandrasekaran was awarded the highest civilian honour of France "Chevalier de la Légion d'Honneur"—the highest honour in France by French Minister for Europe and Foreign Affairs Catherine Colonna.
Mumbai: Bharat Petroleum Corporation Limited (BPCL), a oil and gas company in India, has announced its ambitious expansion plans worth Rs. 49,000 Crore, further increasing the Company’s footprints in petrochemical segment and renewable energy, together with augmenting marketing infrastructure.
New Delhi/Kolkata: Aditya Birla Capital, the financial services business of the Aditya Birla Group, through its lending arm, Aditya Birla Finance, announced the launch of Udyog Plus, an innovative one-stop business platform, designed for MSME customers.
Mumbai: Airline major IndiGo has inducted its second Boeing 777 aircraft, on damp lease, which will operate to and from Mumbai- Istanbul route, effective on Wednesday.
The Interim Resolution Professional (IRP) of Go First Abilash Lal has informed the National Company Law Tribunal (NCLT) that the financially strained airline has incurred disproportionate liabilities due to the grounding of its aircraft, Moneycontrol reported.
Mumbai: Banks have appealed to the RBI for an additional year to implement the Expected Credit Loss (ECL) system for loan provisioning. Currently, banks allocate funds when an asset becomes non-performing. However, once the new system is implemented, it is anticipated to have a one-time effect on banks' profits, said media reports.
Mumbai: According to the Indian Banks' Association (IBA), Russian banks and companies with trade surpluses from Indian lenders are using the rupee funds to invest in domestic government debt, Reuters reported.
New Delhi: Mobile Premier League (MPL), the mobile esports and digital gaming platform, has officially launched its app in Nigeria, marking its first foray into the African gaming market.
Mumbai: State-owned refiner Indian Oil Corp Ltd reported a jump in its standalone net profit for the quarter ended March 2023, with a year-on-year growth of 67 percent to Rs 10,059 crore compared to the net profit of Rs 6,021 crore recorded in the same period last year.
Amid ongoing trade tensions between the United States and China, companies such as Tesla are swiftly recognizing the imperative to redirect their attention away from China.
If the consultation paper issued by the market regulator SEBI is approved, it could enable higher educational institutions, urban local bodies, and Micro Units Development & Refinance Agency (MUDRA) to participate as Qualified Institutional Buyers (QIBs) in investing in debt securities, Moneycontrol reported.
Mumbai: In a move to bolster its lending operations amidst growing competition in the digital lending sector, Paytm has promoted Bhavesh Gupta, a key executive in its lending division, to the position of President and Chief Operating Officer (COO).
Mumbai: Bharti Airtel, the second-largest telecommunications company in India, recorded a massive 50% increase in consolidated net profit to reach Rs 3,006 crore for the quarter ending in March 2023 compared to Rs 2,008 crore in the same period last year.
Telecom major Vodafone on Tuesday said it might cut 11,000 jobs over three years.
