NSE revises methodology of Nifty equity indices for demergers
Mumbai: NSE Indices, a subsidiary of NSE, has announced the revisions in the treatment of demerger in Nifty equity indices.
Finance
Uber expands ‘Reserve’ rides to six more cities in India, adds cash payment option
New Delhi: Ride-hailing app Uber today announced the expansion of ‘Reserve’ across six more cities in India, providing riders across the option to pre-book their rides 30 minutes to 90 days ahead of their travel, the company said in a statement.
ISDS Empowers Manjeet Kumar: A Success Story for Progressive Farmers in JK
Jammu&Kashmir/IBNS: Manjeet Kumar, a livestock farmer from Trindi village in Samba District, J&K started his journey as a successful entrepreneur by implementing the Integrated Sheep Development Scheme (ISDS) in Jammu and Kashmir, which helped him make progress as a progressive farmer.
J&K Bank Receives Award for Exceptional Contribution to PM Awas Yojana
Srinagar/IBNS: J&K Bank was presented with an award by Housing and Urban Development Corporation Ltd (HUDCO) for its remarkable efforts in the housing sector of the country.
SBI inaugurates its fourth Startup Branch in Mumbai
Mumbai/IBNS: India's largest lender State Bank of India inaugurated its fourth startup branch in Mumbai to provide all the necessary banking services to startups under one roof.
Justdial to digitize Maharashtra’s Small Scale Industries & Handicraft Artisans through strategic partnership with MSSIDC
Indian hyperlocal search engine Justdial signed a strategic partnership with Maharashtra Small Scale Industries Development Corporation Limited (MSSIDC) under the aegis of the Maharashtra government.
BSL Ltd commissions Rs 150 crore cotton spinning unit in Rajasthan's Bhilwara
Kolkata: Textile manufacturer BSL Ltd has recently launched its first Cotton Spinning Unit in Rajasthan's Bhilwara at an investment of Rs 150 crore.
Biswa Bangla to launch its first export venture in UK, collaborates with Heritage Bengal Global
Biswa Bangla, the flagship brand of Bengal under the aegis of the MSME &T (Micro, Small, and Medium Enterprises & Textiles) department of the West Bengal government has joined hands with Heritage Bengal Global (HBG), a non-profit organization run by the Bengali diaspora in the UK, to launch its first export venture nearly a decade after it was first launched.
IIFL Finance repays $400 million Maiden Dollar Bonds issue on maturity
Mumbai: Fairfax-backed Mumbai-based non-banking financial company (NBFC) IIFL Finance has fully repaid its maiden dollar bonds issue due April 2023 along with interest upon maturity, a press release said.
Power Finance Corp approves Rs 633 cr loan for 5000 passenger EVs and 1000 cargo EVs
New Delhi/IBNS: Power Finance Corporation Ltd (PFC) has sanctioned a loan of Rs 633 crores to Gensol Engineering Ltd (GEL) for the purchase of 5000 passenger Electric Vehicles (EVs) and 1000 cargo EVs.
#mPower Business Women Meet" hosted by U.S. Consulate Kolkata and Contact Base held in Guwahati
Guwahati/IBNS: The "mPowerBusinessWomen Meet" was held on April 17 at Assam Startup- the nest in Guwahati, in partnership with Assam Startup- IIM CIP. The event aimed to enhance the capabilities of women-led enterprises and women collectives in expanding their businesses.
Schneider Electric to set up new manufacturing facility in Kolkata at investment of Rs 140 cr
Kolkata/IBNS: Schneider Electric’s new factory is all set to come up in Kolkata’s Prospace Industrial Park Pvt Ltd at an investment of Rs 140 crore.
Consumption-led ending continues to catalyse credit market growth
Mumbai: Backed by consumption-led lending, growth momentum remains high in India’s credit market, according to the latest TransUnion CIBIL Credit Market Indicator (CMI) report.
CEO Tim Cook officially opens India's 2nd Apple store in Delhi's Saket
New Delhi/IBNS: Apple CEO Tim Cook welcomed customers to India's second Apple retail store in New Delhi’s Saket.
CEO Tim Cook officially opens India's 2nd Apple store in Delhi's Saket amid cheers and appluse
New Delhi/IBNS: Apple CEO Tim Cook welcomed customers to India's second Apple retail store in New Delhi’s Saket.
Musk calls for Lawsuit against Microsoft for illegally using Twitter data for AI training
San Francisco: Twitter CEO Elon Musk said on Wednesday that Microsoft corporation illegally trained its artificial intelligence (AI) algorithm with Twitter user data, which calls for legal action.
India and Bangladesh agree on trade transactions in own currencies
Dhaka/IBNS: To ease cross-country transactions and pressure on dollar holdings, India and Bangladesh have agreed to settle a part of bilateral trade transactions in their own currencies- rupee and taka respectively, according to a Bangladesh media report.
Demand for tech skills like ERP, Java full stack, data analytics rising: Report
Bengaluru: The demand for specific technology skills is consistently rising even across non-tech industries. ERP, Java Full Stack, Data Analytics, Cloud, and Infra Management have emerged as the top skills in demand, according to a report.
IndusInd Bank signs $100 million loan agreement with JBIC to boost the growth of Japanese construction equipment companies in India
Gandhinagar: IndusInd Bank on Wednesday said that its GIFT City IBU branch has entered into a $100 million long-term loan agreement with the Japan Bank for International Cooperation (JBIC).
Mankind Pharma IPO to open on Apr 25
Mumbai/IBNS: Mankind Pharma Ltd will launch its initial public offering (IPO) of 40,058,844 equity shares on Tuesday, April 25, 2023, the company said on Wednesday.
RBL Bank launches unique digital fixed deposit scheme for new-to-bank customers
Mumbai/IBNS: RBL Bank Tuesday announced the launch of an innovative Digital Fixed Deposit (FD) scheme available to new-to-bank customers.
PayNearby partners with Rajeevika to onboard 10,000 women business correspondents in Rajasthan
PayNearby, branchless banking and digital network company will onboard women Business Correspondents (BC-Sakhis) from Self Help Groups (SHG) in eight districts to offer banking services to various Gram Panchayats in Rajasthan.
NTPC and Chempolis India to conduct feasibility study for bamboo-based bio-refinery at Assam's Bongaigaon
Mumbai/IBNS: NTPC, the largest power generating utility in India, and Chempolis India, a Fortum group associate Co and a leading Finnish Bio-Refining technology provider, have signed a non-binding Memorandum of Understanding to explore the feasibility of setting up a bamboo based Bio-Refinery in Bongaigaon in Assam.
Apple CEO Tim Cook inaugurates company's first retail store in India
Mumbai/IBNS: Apple CEO Tim Cook on Tuesday inaugurated the company's first retail store in India in the country's financial capital Mumbai.
Japan pledges to offer employment opportunities to Manipuri youths
Imphal/IBNS: The Governments of Japan and the northeastern state of Manipur in India have come to an agreement to initiate new projects for the Manipuri youths.
IIT Guwahati collaborates with Tata Elxsi to foster EV Technologies
Guwahati/IBNS: Indian Institute of Technology (IIT) Guwahati has recently signed a Memorandum of Understanding (MoU) with Tata Elxsi, a leading global technology services provider for the Automotive and Transportation industry, to jointly work on developing and commercialising state-of-the-art solutions for the Electric mobility market.
Volvo Car India records 38 percent growth in Q1 of 2023-2024
Kolkata/IBNS: Volvo Car India has recorded an impressive 38 percent growth in the first quarter of 2023.
Apple continuously expanding biz ops in India, says Piyush Goyal
New Delhi: iPhone maker Apple is constantly increasing its presence in India, and the government is in regular contact with the company to facilitate the expansion, Commerce and Industry Minister Piyush Goyal, media reported.
NTPC Green Energy IPO likely this fiscal: Report
New Delhi: NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, plans to raise funds through an initial public offering (IPO) this financial year, a media report said citing a source.
Disinvestment process of RINL in progress: Steel ministry
New Delhi: There is no freeze on the disinvestment process of RINL, The Ministry of Steel clarified on Friday.