Cabinet approves MSPs for copra for 2023 season
New Delhi/IBNS: The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved Minimum Support Prices (MSPs) for copra for the 2023 season.
Finance
Over 7.5 lakh EVs supported under Phase-II of FAME India Scheme till Dec 19: Govt
New Delhi/IBNS: Under Phase-II of the Faster Adoption and Manufacturing of Electric Vehicles (FAME India) Scheme, 7,66,478 Electric Vehicles (EVs) have been supported till December 19, 2022, by way of Demand Incentive amounting to about Rs 3,311 crore, Union Minister Krishan Pal Gurjar said Friday.
Radhika and Prannoy Roy exit NDTV, transfer 27 pc stake to Adani Group
Mumbai/IBNS: New Delhi Television Pvt Ltd (NDTV) promoters Radhika and Prannoy Roy on Friday said they are transferring most of their shares in the new organisation to Adani Group.
SBI Funds Management Ltd appoints Shamsher Singh as MD & CEO
New Delhi/IBNS: SBI Funds Management Limited (SBIFML), a joint venture between the State Bank of India and Amundi, Europe’s largest asset manager, Thursday announced the appointment of Shamsher Singh as MD & CEO of SBI Funds Management Limited.
Ex-ICICI Bank CEO Chanda Kochhar, husband Deepak arrested in loan fraud case
New Delhi: The Central Bureau of Investigation (CBI) Friday arrested former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar in connection with a case linked to alleged irregularities in an over Rs. 3,000-crore loan provided to the Videocon Group when she was heading the private sector bank.
NSE to set up Social Stock Exchange (SSE) as a separate segment
Mumbai/IBNS: The National Stock Exchange of India (NSE) has received in-principle approval from the Securities Exchange Board of India (SEBI) to set up a Social Stock Exchange (SSE) as a separate segment of the NSE.
Airtel 5G Plus now live in Pune
Pune: Bharti Airtel, a leading telecommunications services provider, on Friday announced the launch of its cutting edge 5G services in Pune.
FMCG brand Rasna enters the health and wellness products sector with new sub-brand
Kolkata/IBNS: Rasna Private Limited (Rasna), one of the popular FMCG brands of India, catering to a global market, recently launched a sub-brand called 'Rasna Healthy Day' to enter the health and wellness products sector.
JK Paints and Coatings acquires 60 pc stake in Acro Paints for Rs 153 crore
Mumbai/IBNS: JK Paints and Coatings Ltd, a wholly owned subsidiary of JK Cement Ltd, has entered into a share purchase agreement with Acro Paints Ltd. and its shareholders to acquire a 60 percent controlling stake in the company.
NTPC and GE Power sign MoU to reduce carbon intensity from NTPC’s coal-fired units
New Delhi/IBNS: NTPC, India's largest power-generating utility, and GE Power India, Wednesday signed a Memorandum of Understanding (MoU) for the feasibility to demonstrate technologies to reduce the carbon footprint of NTPC’s existing coal-fired power plants
Maruti Suzuki inks pact with Kamarajar Port to export passenger vehicles
New Delhi/UNI: Maruti Suzuki has signed an agreement with Kamarajar Port Limited for export of passenger vehicles to global markets.
Reliance Retail acquires METRO India
Mumbai/UNI: Reliance Retail Ventures Limited (‘RRVL’) on Thursday signed definitive agreements to acquire 100 percent equity stake in METRO Cash and Carry India Pvt Ltd (‘METRO India’) for a total cash consideration of Rs 2,850 crore, subject to closing adjustments.
PLI scheme: Govt clears Rs 357 cr for Foxconn India for phone manufacturing
New Delhi/IBNS: The government has given the green signal to a production-linked incentive (PLI) scheme of over Rs 400 crore for Foxconn India and Padget Electronics for mobile phone manufacturing.
Coal demand likely to peak between 2030-2035: Minister
New Delhi/IBNS: The demand for coal is continuing and likely to peak between 2030-2035 being an affordable source of energy with substantial reserve, coal is going to stay as a major source of energy in the foreseeable future, Union minister Pralhad Joshi said on Wednesday.
Bigbasket likey to raise funds through IPO: Report
Mumbai/IBNS: Tata Group’s Bigbasket is likely to go for an Initial Public Offering (IPO) within three years after the online grocer was valued at $ 3.2 billion after the latest fundraising, media reports said.
Bilateral trade between India and the GCC jumps 41 pc to $111.71 billion
New Delhi/IBNS: Bilateral trade between India and the Gulf Cooperation Council (GCC) during the current FY 2022-23, for the period April-October 2022 stood at $111.71 billion, up from $79.49 billion during the same period in FY 2021-22, Union minister Anupriya Patel said on Wednesday.
ProHance Analytics officially launches in the US Hybrid Work Software Market
Wilmington, Delaware: ProHance Analytics, a cloud-based enterprise workforce analytics solution, has announced its formal launch in the United States.
Air India and Air India Express associate with Kochi-Muziris Biennale as their official travel partners
New Delhi: Air India and Air India Express have associated themselves with the Kochi-Muziris Biennale this year as the official travel partners for the largest art exhibition in the country and the biggest contemporary art festival in Asia.
World Bank approves $610 mln financial package to address Ukraine's urgent needs
Washington/UNI: The World Bank issued a release announcing that it has approved a new $610 million financial package for Ukraine that includes projects to boost the country’s recovery efforts.
Hero Motocorp launches new XPulse 200T 4Valve
Kolkata/UNI: Further strengthening its commitment towards adding youthful and thrilling offerings to its premium portfolio, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, on Wednesday launched the all-new XPulse 200T 4 Valve.
Airtel 5G Plus now live in Ahmedabad and Gandhinagar
Ahmedabad: Telecommunication service provider Bharti Airtel provider on Wednesday announced the launch of its cutting edge 5G services in Ahmedabad and Gandhinagar.
Airtel 5G Plus is now live in Imphal
Kolkata/UNI: Bharti Airtel (Airtel), India’s leading telecommunications services provider, on Wednesday announced the launch of its cutting edge 5G services in Imphal.
CWBTA Trade Excellence Award flagged off in Kolkata
Kolkata: The Confederation of West Bengal Trade Associations (CWBTA) - eastern India’s largest trade association and apex trade body representing 70 different trade associations and over 1.5 million small and big traders - flagged off its `CWBTA Excellence Award 2022’.
History of Axis Bank
Axis Bank is a private-sector bank in India. It was founded in 1993 as UTI Bank and was later renamed Axis Bank in 2007. The bank was established with the goal of providing specialized financial services in the areas of investment banking, corporate banking, and retail banking.
Shyam Metalics and Energy completes acquisition of Mittal Corp Limited
Kolkata: Metal-producing company Shyam Metalics and Energy Limited (SMEL) on Tuesday announced it has completed the acquisition of Mittal Corp Limited.
Volkswagen strengthens its presence in East India with the inauguration of two new touchpoints in Kolkata
Kolkata: Volkswagen Passenger Cars India strengthens its presence in East India with the inauguration of two new touchpoints in the city of Kolkata.
WAAREE ramps up its module manufacturing capacity to 12GW
Mumbai: WAAREE, a solar panel manufacturer, currently has a 9 GW module Manufacturing facility operational further company setting up additional module Manufacturing capacity which will take companies module Manufacturing capacity to 12 GW for a 650-watt module by March 2023.
Arjas Steel to increase annual production capacity to 550,000 tons at an investment of over Rs 600 cr
Kolkata/IBNS: Arjas Steel will invest Rs 610 crore in capacity expansion at its two plants at Tadipatri, Anantapur District, Andhra Pradesh and Mandi Gobindgarh, Punjab taking the total capacity to 550,000 tons.
NTPC group crosses 3 GW operational Renewable Capacity
New Delhi: With commissioning of 100 MW solar capacity at its Nokhra Project at Rajasthan, NTPC achieved another milestone of 3 GW Operational capacity on 20 December 2022.
Oriental Yeast India invests 900 Cr to set up all-new state-of-the-art-yeast facility in India
New Delhi: Oriental Yeast India (OYI), a subsidiary of OYC Japan, a global leader in yeast manufacturing in Japan, expanded its footprint by investing ₹900 crores in building a global scale yeast plant in India.