'India's future vehicles will run on hydrogen and green fuels': Nitin Gadkari
Mumbai/IBNS: Hydrogen is our future fuel and India’s future vehicles will run on hydrogen and green fuels, Union Minister Nitin Gadkari said on Saturday.
Finance
SpiceJet Q3FY23: Net profit soars 161% y-o-y to Rs 110 cr
Mumbai: SpiceJet Ltd Friday reported a significant increase in its consolidated net profit for the quarter ended December 2022, with a 161% rise to Rs 110 crore.
West Bengal: Gadkari approves Rs 410.83 Cr for 5.261 km 4-lane Raniganj Bypass on NH14 on EPC Mode
New Delhi/IBNS: Union Minister Nitin Gadkari Friday approved Rs 410.83 crore for the construction of a 4-lane Raniganj Bypass with a length of 5.261 km on NH-14 (old NH-60) in Paschim Bardhaman district on EPC (Engineering, Procurement and Construction) Mode in West Bengal.
Air India plans to recruit over 4200 cabin crew and 900 pilots by 2023
Mumbai/IBNS: Air India is planning to hire more than 4,200 cabin crew and 900 pilots in 2023, as the airline increases its fleet size and expands its domestic and international services, media reports said.
Telecom equipment maker Ericsson to cut 8,500 jobs: Report
Ericsson, a manufacturer of telecommunications equipment, is set to reduce its expenses by terminating 8,500 employees worldwide, according to a memo seen by Reuters.
Gadkari approves 32km 6-lane highway in Andhra Pradesh for Rs 1292.65 cr under Bharatmala Pariyojana
New Delhi/IBNS: Union Minister Nitin Gadkari Friday announced that he has approved Rs 1292.65 crore for the development of a 32 km long 6-lane Access Controlled Greenfield Highway from Chandrasekharapuram to Polavaram on (NH-544G) Bengaluru–Vijayawada Economic Corridor.
18.05 LMT wheat sold in open market in three e-auctions
New Delhi/IBNS: Food Corporation of India (FCI) has sold 18.05 lakh MT wheat in the open market in a bid to cool down sharply rising prices of wheat and flour, the Food Ministry said Friday.
India’s Apr 2022 -Jan 2023 coal prodn jumps 16% y-o-y to 698.25 MT
New Delhi/IBNS: India’s coal production from April 2022 to January 2023 grew more than 16 percent with a production of 698.25 MT as compared to 601.97 MT in the same period the previous year, according to the Ministry of Coal.
KFintech to invest in FPSIPL to enter Account Aggregator business
Mumbai/IBNS: KFin Technologies Ltd Friday said it will invest in Fintech Products and Solutions India Private Limited (FPSIPL), a Technology Service Provider (TSP), a statement said.
NSE Indices launches India’s first Municipal Bond Index
Mumbai/IBNS: NSE’s index services subsidiary, NSE Indices Limited Friday launched India’s first-ever Municipal Bond Index, Nifty India Municipal Bond Index at a SEBI workshop on Municipal Debt Securities at Bengaluru, a statement said.
HDFC Life launches Guaranteed Income Insurance Plan
New Delhi: Life insurer HDFC Life has launched HDFC Life Guaranteed Income Insurance Plan.
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Sensex recovers by over 100 points
Mumbai/UNI: The BSE Sensex on Friday recovered 152.15 points at 59,757.95: in opening trade following gains in FMCG, Health Care, IT and Industrials stocks.
NSE receives final approval to launch Social Stock Exchange (SSE) as a separate segment
Mumbai/IBNS: The National Stock Exchange of India (NSE) received final approval from the Securities and Exchange Board of India (SEBI) on Tuesday (Feb 22) to set up a Social Stock Exchange (SSE) as a separate segment of the NSE, according to a social statement.
Volvo Car India announces price hike on Petrol Mild-Hybrid models
Kolkata/IBNS: Volvo Car India has increased the ex-showroom prices of its petrol mild-hybrid models with immediate effect, the company said in a statement.
GreenLine Logistics deploys LNG trucks at Dalmia Cement
Kolkata/IBNS: GreenLine Logistics (Green Planet Logistics Pvt Ltd.), an LNG-fueled heavy trucking logistics company, has deployed Dalmia Cement (Bharat) Limited’s first fleet of LNG trucks at its Chandrapur plant in Maharashtra.
Curl Cure forays in global market, aims 35 percent business growth by 2025
Curl Cure, India's first complete hair care brand with its salon, has announced its expansion into the global market with ventures in Dubai and the United States.
Sensex down by over 200 points
Mumbai/UNI: The BSE Sensex on Thursday dropped 239 points at 59,505 in opening trade as selling was seen across the board.
Crayons Advertising announces plans to double revenues; files DRPH with NSE Emerge for IPO
Mumbai/IBNS: Crayons Advertising Ltd Wednesday announced its plans to double its revenues in the next three years, mainly riding on digital and events verticals, according to a company statement.
MeitY seeks proposals to estimate India's digital economy
New Delhi: The Indian government is looking to estimate the size of the country’s digital economy and in this regard the Ministry of Electronics and Information Technology (MeitY) invited proposals, media reports said.
Kotak Special Situations Fund invests Rs 1070 cr in bio-pharma firm Biocon
Mumbai/IBNS: Kotak Special Situations Fund (KSSF), managed by Kotak Investment Advisors Ltd (KIAL), Wednesday announced an investment of Rs 1,070 crore in Biocon Ltd (BL), according to an official statement.
ADB president Masatsugu Asakawa meets PM Modi, proposes $25 billion for India's development projects
New Delhi/IBNS: Asian Development Bank President Masatsugu Asakawa on Tuesday met Prime Minister Narendra Modi and conveyed ADB's intention to provide $20-25 billion resources over five years to advance India's aspirations for fast, inclusive, and green growth.
Centre approves Quality Control Order for mandatory certification of cotton bales
New Delhi/IBNS: Union Textile Minister Piyush Goyal on Wednesday approved the Quality Control Order (QCO) for mandatory certification of cotton bales to augment the supply of good quality cotton to the textile industry.
Coal Ministry to commence forward auction of commercial mines from Feb 27
New Delhi/IBNS: The government will launch a forward auction of the mines which received more than one bid during the commercial coal mines auction in November last year.
Dept of Consumer Affairs reprimands Amazon and Byju’s for unfair consumer practices: Report
New Delhi: The Department of Consumer Affairs has reprimanded the ed-tech company Byju’s and e-commerce giant Amazon for engaging in unfair consumer practices, media reports said.
SBI launches BHIM SBIPay for Singapore-India fund transfers after UPI-PayNow linkage
Mumbai/IBNS: The State Bank of India (SBI), India’s largest lender, will facilitate funds transfer to Singapore through its SBI's BHIM SBIPay mobile application, the bank said on Wednesday.
DBS Bank India partners with eSamudaay to propel local commerce in small towns through ONDC
New Delhi: In line with its vision to support Indian MSMEs, DBS Bank India announced its partnership with eSamudaay today. eSamudaay (a SAAS-based solutions provider, owned and operated by Nirmund Digital Distributions Private Limited), focuses on non-metro towns and cities, providing digital solutions on both the buyer and seller side and logistic support to make doing business on the Open Network for Digital Commerce (ONDC) convenient for smaller players in the market.
HDFC Mutual Fund launches HDFC MNC Fund
New Delhi: HDFC Asset Management Company Limited (HDFC AMC), investment manager to HDFC Mutual Fund (HDFC MF), one of India’s leading mutual fund houses has announced the launch of HDFC MNC Fund, which will invest predominantly in MNCs (Multi-National Companies) across sectors and market cap segment.
Reliance Jio launches True 5G services across 20 Indian cities
Mumbai: Reliance Jio said it has launched True 5G services across 20 cities in India.
Railways to introduce OTP-based locking system in freight and parcel trains
New Delhi: In order to enhance security in the freight and parcel trains, the Indian Railways will soon incorporate an OTP-based digital locking system, media reports said.