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Finance

Aditya Birla Housing Finance launches #ApnaGhar campaign

Kolkata: Positioning itself as an enabler of dreams, Aditya Birla Housing Finance Ltd. (ABHFL), the Housing Finance arm of Aditya Birla Capital Ltd., rolled out its #ApnaGhar campaign.

Credit Access Grameen Ltd's Q3 net profit surges 85 pct YoY to Rs 217 cr

Bengaluru: Credit Access Grameen Limited, a non-banking financial company-Micro Finance Institution (NBFC-MFI), on Tuesday announced its unaudited and limited reviewed financial performance for the third quarter and nine months of the period ended 31 December 2022 where it registered a total income of Rs. 909.72 crores.

RBI increases repo rate to 6.5 pct

Mumbai: RBI Governor Shaktikanta Das on Wednesday announced the decision to hike repo rate by 25 basis points to 6.5 percent.

Indian Market: Sensex moves up by over 200 pts

Mumbai: The BSE Sensex on Wednesday surged 254.86 points at 60,540.90 in opening trade ahead of RBI Monetary policy today.

NielsenIQ successfully concludes first phase of expansion in Chennai facility; hires 2500 people

Kolkata: NielsenIQ, a global information services company, has announced completion of the first phase of expansion program in Chennai Hub.

Paytm Payments Bank collaborates with NPCI to introduce ‘RuPay Credit Card on UPI’

Kolkata: Paytm Payments Bank Limited (PPBL), on Tuesday announced that it has collaborated with NPCI to introduce ‘RuPay Credit Card on UPI’, thus enabling users to link RuPay credit cards to UPI for all merchant payments.  

Air India Group announces steps towards network optimisation

New Delhi: Air India Tuesday announced its latest step towards optimisation of its network following the full subsidiarization of Air Asia India in November 2022.

RIL unveils India’s first Hydrogen Combustion Engine technology for heavy-duty trucks

Mumbai/IBNS: Prime Minister Narendra Mondi on Tuesday flagged off India’s first heavy-duty trucks with India’s first Hydrogen Internal Combustion Engine technology solution at the India Energy Week in Bangalore.

Adani Green Energy reports Q3FY23 cash profit at Rs 546 cr

New Delhi/UNI: Adani Green Energy Ltd (AGEL) on Tuesday reported a cash profit of Rs 546 crore for the quarter ended December 31, 2022.

RBI to announce first monetary policy of 2023 on Feb 8

Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das will announce the first monetary policy of 2023 on February 8.

India accelerates pace to secure long-term LNG deals: Report

New Delhi: India is looking to seal more long-term LNG deals to boost its economic growth while reducing the dependence on coal, media reports said.

Adani Enterprises shares jump 25 pc after loan prepayment announcement

Mumbai/IBNS: Share prices of Adani Enterprises jumped as much as 25 percent on Tuesday after the firm announced to prepay more than $1 billion in loans, media reports said.

Samsung Galaxy S23 series gets 1,40,000 pre-bookings in a single day in India

Kolkata: Consumer electronics brand Samsung on Tuesday said over 140,000 Galaxy S23 series units were pre-booked in India in a span of first 24 hours.

Exposure of domestic banks to Adani Group 'limited', says rating agency Moody's

Mumbai/IBNS: Rating agency Moody's Investor Services has said the Indian banks face “limited” risk due to a massive decline in the value of Adani, according to media reports.

Blockchain Technology one of many promising technologies: RBI

New Delhi/IBNS: The Reserve Bank of India (RBI) has informed that Blockchain Technology (BCT) is one of many promising technologies and its usefulness will depend on how it is adopted and adapted to a wide array of uses, the Ministry of Finance said on Tuesday.

MeitY asks app stores to filter out unregulated digital lenders

New Delhi/IBNS: The Ministry of Electronics & Information Technology (MeitY) has shared a list of Digital Lending Apps (DLAs) being used by Regulated Entities (REs) with the app stores, requesting them to not feature lending apps other than those mentioned in the list, the finance ministry said in the Parliament on February 7.

K Satyanarayana Raju appointed as New MD , CEO of Canara Bank

Mumbai : The Government on Tuesday announced the appointment of K Satyanarayana Raju as Managing Director and CEO of Canara Bank.

Kotak Mahindra Asset Management Company Limited launches Kotak Banking & Financial Services Fund

Kolkata: Kotak Mahindra Asset Management Company Ltd (“KMAMC” / “Kotak Mutual Fund”) on Monday announced the launch of Kotak Banking & Financial Services Fund, an open-ended equity scheme investing in the Banking and Financial Services sectors.

PwC in India to add 30K new jobs over the next five years

New Delhi: PwC announced on Monday that it will further expand its presence in India, in line with its strategic commitment to the country’s growth.

Joy E-Bike records 18, 600 bookings for the newly launched e-scooter MIHOS

Mumbai: Wardwizard Innovations and Mobility Ltd. on Monday announced a significant milestone of 18,600 bookings for its new high-speed electric scooter MIHOS.

Axis Bank launches an enhanced Rewards Redemption Program with 13 loyalty program partners

Mumbai: Private sector lender Axis Bank announces the launch of its enhanced rewards program in association with airline and hotel loyalty programs across the industry.

Bandhan Bank hikes interest rates on Fixed Deposits

Kolkata: Bandhan Bank, one of the leading universal banks, has increase its FD interest rates by 50 bps.

Bajaj Allianz Life Insurance launches Sustainable Equity Fund

Kolkata: Bajaj Allianz Life Insurance, one of India’s leading life insurers, launched the Bajaj Allianz Life Sustainable Equity Fund, on Friday to offer its customers an opportunity to invest in companies that are socially responsible and have been evaluated on relevant Environment (E), Social (S) and Governance (G) factors.

Adani statement on pledge of shares of listed companies

Chennai: Adani Group on Monday issued a statement on pledge of shares of its listed companies.

Jana Small Finance Bank hikes interest rates on fixed deposits and offers attractive interest rates

Bangalore: Jana Small Finance Bank, one of the leading small finance banks in India, has announced a new increase in interest rates on regular fixed deposits, effective Feb 1, 2023 and on FD Plus are effective from Feb 6, 2023.

Jammu and Kashmir to boost mushroom production: Dulloo

Jammu: Jammu and Kashmir to boost mushroom production under Holistic Agriculture Development Plan.

Second sale of wheat through e-auction on Feb 15

New Delhi/IBNS: The second sale of wheat through e-auction will be held throughout the country on 15th February Wednesday, 2023.

India going strong in gold consumption: World Gold Council official

World Gold Council official Somasundaram PR has said India remains  a strong pillar of support for the global gold markets as the second-largest consumer of gold jewellery.

'Committed to ensuring market integrity amid market volatility': SEBI assures as Adani Group shares nosedive

Mumbai/IBNS: The Securities Exchange Board of India (SEBI) Saturday said "unusual price movement in stocks of a business conglomerate" in the past week and assured it is committed to ensuring market integrity.

Tata Motors announces a ‘National Exchange Carnival’ for its customers

Mumbai: Tata Motors, India’s leading vehicle manufacturer,on Saturday announced the commencement of its National Exchange Carnival across the country. During this mega carnival, customers can avail attractive benefits on all Tata Cars and UVs, by visiting any Tata Motors dealership.