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India bans apple imports except from Bhutan

New Delhi: The Centre has imposed a ban on apple imports that have a Cost, Insurance, and Freight (CIF) import price equal to or lower than Rs 50 per kilogram as it altered the import policy from "free" to "prohibited".

Byju's likely to secure $1 billion in funding amid funding winter: Report

Bengaluru: Ed-tech firm Byju's is preparing to secure a substantial funding round of $1 billion through a combination of equity and structured instruments, Moneycontrol reported.

Federal Bank goes live with electronic Bank Guarantee in partnership with NeSL

Mumbai: Federal Bank has gone live with NeSL for the issuance of electronic Bank Guarantee facility.

Tripura signs MoUs worth Rs 312.38 crores to boost to industrial sector

Agartala/IBNS: The State Level Investment Round Table (I&C) meeting held at Pragya Bhavan witnessed the signing of MoUs worth Rs 312.38 crores by eight industrialists in the presence of Chief Minister Manik Saha.

6 members of a family, including 3 women, shot dead Madhya Pradesh's Morena dist

Morena (MP): Six members of a family, including two women, were shot dead, while two others were injured over a decade-old land dispute in Madhya Pradesh’s Morena district, media reports said.

A Chat on Online Gambling and Gaming Laws in India

During a conversation between Felicia Wijkander, Editor in Chief at SevenJackpots and Uday Walia, Partner at Touchstone Partners, a leading law firm in India working with complex topics such as cross-border advice and foreign investments, they discussed the latest updates on online gambling and gaming laws in India. 

Federal Bank Q4 net profit jumps 67 pc to Rs 903 crore

Mumbai: Private sector lender Federal Bank on Friday reported a 67% year-on-year rise in net profit to Rs 903 crore for the January-March quarter (Q4) of the financial year 2022-23.

PM Modi to attend Bastille Day Parade in Paris as guest of honour

New Delhi: Prime Minister Narendra Modi will be travelling to France to attend the Bastille Day Parade in Paris as a guest of honour on July 14.

Manish Patil joins as ONGC's Human Resource Director

Mumbai: Manish Patil has joined as the Director (Human Resource) of the Energy Maharatna Oil and Natural Gas Corporation Limited (ONGC).

Punjab’s Cultural Renaissance in a Post-Green Revolution World

In a rapidly changing world, it is essential to adapt and evolve. The Green Revolution, which swept across the globe in the 1960s, brought with it new agricultural methods and a tremendous increase in crop production. As a recent study from Punjabi University Patiala highlights, these changes didn’t just impact agriculture – they set off a chain of cultural transformations that have shaped the lives of villagers in Punjab for the better.

Tata Power Q4FY23 PAT grows 48% YoY to Rs 939 cr; FY23 consolidated revenue jumps 32% to Rs 56,033 cr; Board declares Rs 2 per share dividend

Mumbai/IBNS: Tata Power, one of India's major integrated power firms, on Thursday said its consolidated reported PAT in Q4FY23 rose by 48% YoY to Rs 939 crore compared to Rs 632 crore in the same period last fiscal, supported by a strong performance across all businesses.

Yes Bank partners with Cashfree Payments to offer international payment collection service to Indian exporters

Mumbai/IBNS: Cashfree Payments and Yes Bank have come together to offer ‘Global Collections,’ an international collection service for exporters with an account in the bank.

In more trouble for Go First, lessors of 20 aircraft want to be deregistered

New Delhi/IBNS: In more trouble for Go First, lessors of 20 aircraft to the bankrupt airline have asked the aviation regulator DGCA to deregister them, paving the way for their return.

BharatPe rebrands its loyalty programmed PAYBACK India as Zillion

Kolkata/IBNS: BharatPe Group today announced that it will be rebranding PAYBACK India, the country’s largest multi-brand loyalty program to Zillion, the company said in a press release on Thursday.

Exclusive primary listing of green bonds of $ 750 million of REC Ltd at GIFT IFSC stock exchanges

Gandhinagar (Gujarat): Government-owned REC Ltd has undertaken an exclusive listing of its recently issued Green bonds of $ 750 million raised under its Global Medium Term Programme of $ 7 billion at GIFT IFSC stock exchanges in a primary listing ceremony held in GIFT IFSC, Gandhinagar on May 3, 2023.

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.

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.