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After Lithium in J&K, large deposits of 15 rare earth elements found in Andhra Pradesh

Hyderabad: National Geophysical Research Institute has discovered significant deposits of 15 rare earth elements (REE) in Andhra Pradesh's Anantapur district, TOI reported on Tuesday.

RBI should stop hiking the key lending rate further: Assocham Prez Ajay Singh

Mumbai: The Reserve Bank of India (RBI) should stop hiking the key lending rate in view of the current uncertainties in the global business environment, Assocham President and SpiceJet CEO Ajay Singh said on Tuesday.

Adani JV in talks with banks for first credit in dollars since Hindenburg report: Report

Mumbai: Adani Group is in talks with at least half a dozen banks for a loan of about $220 million, its first since the negative by US-based short-seller Hindenburg Research last January, Bloomberg reported.

Demand for tax professionals on the rise: Report

Kolkata/IBNS: According to the report, the demand for finance professionals is driven by the resumption of economic activities post-COVID, and the critical time for tax returns is from January to June.

Rs 30 crores disbursed during FY 23 under PLI Scheme for drones and drone components: Centre

New Delhi/IBNS: The Ministry of civil aviation has disbursed nearly Rs 30 crores to the beneficiaries during FY 2022-23 under the PLI Scheme for drones and drone components, an official statement said on Tuesday.

Kolkata Port achieves all-time high cargo ( 65.66 MT) handling in 2022-23

Kolkata: Syama Prasad Mookerjee Port (SMP), Kolkata achieved an all-time high cargo handling with 65.66 million tonnes (MT) of shipments in 2022-23, recording a 12.87 percent high from the previous mark of 58.175 million tones in 2021-22, company chairman PL Haranath said on Tuesday.

IHCL wins Golden Peacock National Training Award, 2023

Mumbai/IBNS: Tata-owned hospitality company Indian Hotels Company (IHCL) bagged top honours for training at the Golden Peacock Awards, 2023.

Iron ore: NMDC's prodn crosses 41 MT for second consecutive fiscal

New Delhi/IBNS: India’s largest iron ore producer, NMDC crosses 41 Million Tonne (MT) production of iron ore for the second fiscal in a row, the Ministry of Steel said on Tuesday.

LVMH boss tops Elon Musk to become Forbes' richest man of 2023

Paris: French luxury goods tycoon Bernard Arnault, who heads mega-corporation LVMH Moet Hennessy Louis Vuitton (LVMH), has edged US entrepreneur Elon Musk out of the top of Forbes' list of the world's richest billionaires this year, the magazine reported on Tuesday.

Indian smartphone industry gaining momentum: Reports

Industry experts believe that Indian smartphone export is likely to have crossed USD 10 billion (over Rs 82,000 crore) in the just-ended financial year 2023.

India, Malaysia can now settle their trade in Indian Rupee

New Delhi: India and Malaysia can now settle their trade in Indian Rupee (INR) in addition to the current modes of settlement in other currencies, the government announced on Saturday.

Rs. 1,60,122 crore gross GST revenue collected for March 2023: Govt data

New Delhi: The gross GST revenue collected in the month of March 2023 is Rs. 1,60,122 crore of which CGST is Rs. 29,546 crore, SGST is Rs. 37,314 crore, IGST is Rs. 82,907 crore (including Rs.  42,503 crore collected on import of goods) and cess is Rs. 10,355 crore (including Rs. 960 crore collected on import of goods).

Piyush Goyal lauds GeM crossing Gross Merchandise Value of Rs. 2 lakh crore in 2022–23

New Delhi: In the financial year 2022-2023, procurement of goods and services from government portal Government e Marketplace  (GeM) has crossed the Rs 2 lakh crore mark, which is a remarkable achievement, said Union Commerce and Industry Minister Piyush Goyal, in Mumbai on Saturday.

New scheme for women: Mahila Samman Savings Certificates made available in Post Offices

New Delhi: The Ministry of Finance issued the Gazette Notifications for Mahila Samman Savings Certificates, 2023 and has been made available in 1.59 lakh post offices with immediate effect.

Union Bank of India sets up mechanism for India-Malaysia trade in INR

New Delhi: Public sector Union Bank of India has operationalised the mechanism to allow Indian and Malaysian traders to invoice and settle the trade in Indian Rupee (INR).

Indian Govt hikes interest rate on small savings schemes by up to 70 basis points for Q1, you will earn more interest in these schemes now

New Delhi: The government on Friday announced hike in interest rates on various small savings schemes such as Senior Citizens Savings scheme, Sukanya Samriddhi Account and National Savings Certificate by upto 70 basis points for April-June quarter (Q1) of financial year 2023-24.

Prices of cooking gas cylinders slashed

New Delhi/UNI: The oil marketing companies on Saturday slashed prices of cooking gas cylinders about Rs 92 per cylinder.

Indore gets connected with Sharjah through direct flight

New Delhi: A direct flight between Indore and Sharjah on Friday was flagged off today by Civil Aviation Minister Jyotiraditya Scindia.

Zee enters one-time settlement with Standard Chartered Bank for Siti Networks loan issue

Mumbai: Zee Entertainment Enterprises Ltd (ZEEL) on Thursday announced that it has reached a one-time settlement agreement with Standard Chartered Bank in connection with the credit availed by Siti Networks, a subsidiary of the Essel Group, media reports said.

Authum Investments completes takeover of Reliance Home Finance

New Delhi: Authum Investments and Infrastructure has completed the takeover of Reliance Home Finance, following the Supreme Court's ruling against Bombay HC's order from December 2022, according to media reports.

India announces Foreign Trade Policy 2023; targets $2 trillion goods and services exports by 2030

New Delhi: India on Friday introduced a "dynamic and adaptable" Foreign Trade Policy (FTP) that will remain in effect indefinitely from April 1 with the objective to attain $2 trillion in goods and services exports by 2030, while also promoting trade settlements in rupees and following the worldwide principle of not exporting duties.

India's forex reserves grow $5.98 billion to $578.78 billion

Mumbai: India's foreign exchange reserves jumped $5.98 billion to $578.78 billion as on March 24, 2023, Reserve Bank of India (RBI) data showed on Friday.

NTPC registers highest ever power generation of 400 BU in FY23, a growth of 10.80%

New Delhi/IBNS: State-run power generator NTPC has registered the highest-ever output of 400 BU in FY23, a growth of 10.80% vis-à-vis the previous year, according to an official statement.

Air India launches Premium Economy class on select flights

New Delhi: Air India introduces an all-new Premium Economy experience for travellers, offering a superior cabin product, world-class inflight services, and added on-ground convenience.

Several varieties of cauliflower, chillies cultivated in Assam

Tezpur: Locals have cultivated a large variety of vegetables at an agricultural facility in the Pabhoi region in Biswanath of Assam.

Index of eight Core Industries moves up to touch 6 pct in February 

New Delhi: The combined Index of Eight Core Industries (ICI) increased by 6.0 per cent (provisional) in February 2023 as compared to the Index of February 2022.

Canara Bank becomes the first public sector bank to tie up with NPCI Bharat Bill Pay to process cross-border inbound Bill Payments from Oman

New Delhi: Last year, the Reserve Bank of India, permitted cross-border inbound Bill Payments to be received under the rupee drawing arrangement (RDA) through the Bharat Bill Payment System (BBPS).

UIDAI seeds 10.97 million Aadhaars with mobile numbers in February, 93% more than January: Centre

New Delhi: Over 10.97 million mobile numbers were seeded in Aadhaar following requests from residents in the month of February 2023, a jump of more than 93 per cent over the previous month, the Indian government said on Friday.

Airtel and India Post Payments Bank launch WhatsApp Banking Services

New Delhi:  Telecommunication major Bharti Airtel and India Post Payments Bank (IPPB) on Friday announced the launch of WhatsApp Banking Services for  IPPB customers, enabling them to access  banking services on their mobile phone.

Bandhan Bank adds 50 branches to its network in a single day

Mumbai/Kolkata: Bandhan Bank, one of the fastest-growing banks in the country, announced the opening of 50 branches on the last day of the financial year.