SBI to raise Rs 10,000 cr via AT1 bonds to support biz growth
Mumbai/IBNS: State Bank of India (SBI) is looking to raise Rs 10,000 crore via additional tier - 1 (AT1) bonds until March 2024, to fund business growth.
Finance
Centre on track to achieve fiscal deficit target of 6.4 pc for FY23: Sitharaman
New Delhi/IBNS: Finance Minister Nirmala Sitharaman Wednesday told the Lok Sabha that the government will be able to achieve the fiscal deficit target of 6.4 percent of GDP for 2022-23 (FY23) even after taking into account Rs 4.36-trillion additional spending.
HDFC bank acquires minority stake in fintech firm Mintoak
Mumbai/IBNS: India’s one of the largest private sector lenders HDFC Bank acquired a minority stake in fintech startup Mintoak, the bank said in a regulatory filing on Wednesday.
Russia replaces Iraq as the largest oil supplier to India in Nov: Report
New Delhi: Russia for the first time in November replaced Iraq as the top exporter of crude oil to India, media reports said.
Edible oil imports jump 34 pc to 15.29 lakh tonne in November
New Delhi/IBNS: India’s edible oil imports jumped considerably in November by 34 percent to 15.29 lakh tonne on the back of increased shipments of crude palm and refined palm oils, said media reports citing data released by Solvent Extractors' Association of India (SEA).
India-UK FTA to boost jobs, investments and exports between the two countries
New Delhi: The Minister for Commerce and Industry of India, Piyush Goyal, and UK Secretary of State for International Trade, Kemi Badenoch, MP, met on Tuesday in New Delhi to discuss India-UK FTA negotiations.
HOP Electric starts deliveries of OXO e-bike from Jaipur
New Delhi HOP Electric, India's fastest growing electric two-wheeler manufacturer, on Tuesday commenced deliveries of its flagship High-Speed e-bikes, HOP OXO.
Ducati launches the highly anticipated DesertX in India, at INR 17,91,000 ex-showroom India
New Delhi: Luxury motorcycle brand Ducati on Tuesday announced the launch of the new DesertX in India, with prices starting at INR 17,91,000 Ex-Showroom India.
Bank of Maharashtra revises MCLR from Dec 14, 2022
Mumbai: Public sector lender, Bank of Maharashtra on Wednesday said that it has reviewed and revised the Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f. 14.12.2022.
Axis Bank partners with Tata AIG to offer Group Medicare products for its customers from the LGBTQIA+ Community
Kolkata: Axis Bank, in line with its ‘DilSeOpen’ philosophy partners with Tata AIG, to offer Group Medicare products for its new customers from the LGBTQIA+ Community.
India's wholesale inflation drops to 5.85% in November
New Delhi/UNI: India's wholesale inflation eased further to 5.85% in Nov 2022 as against 8.39% recorded in the previous month, according to official data released on Wednesday.
PITEX: Several Kashmiri women participants make their impacts felt
Srinagar:Several participants from Jammu and Kashmir joined the 16th edition of the annual Punjab International Trade Expo (PITEX) recently.
Vee Technologies starts mega recruitment drive for healthcare sector
Bengaluru: To cater to the growing business from its healthcare customers in the USA, Bengaluru-New York headquartered IT Services firm Vee Technologies has announced its plan to add over 3,000 fresh graduates to its work force in the next 12 months.
Bengaluru: FCBD to meet under G20 Presidency
Bengaluru/UNI: The first G20 Finance and Central Bank Deputies (FCBD) meeting under the G20 Presidency will be held in Bengaluru during Dec.13-15, an official statement said on Sunday.
Tork Motors to hike prices of Kratos and Kratos-R from Jan 1
Pune: India’s first electric motorcycle maker, Tork Motors has announced a marginal price hike of its revolutionary electric motorcycle Kratos and Kratos-R.
India's industrial production contracts by 4 percent in October
New Delhi: India's industrial production contracted by 4 percent on an annual basis, as per data released by the Indian government on Monday.
India's retail inflation eases to a 11-month low of 5.88 percent in November
New Delhi: India's retail inflation, which is measured by the Consumer Price Index (CPI), eased to touch 11-month low figure of 5.88 per cent in November, data released by the government on Monday revealed.
SpiceJet says its operations, safety processes found to be strong by ICAO
Kolkata: SpiceJet operations, safety processes and systems have been found to be in order following an exhaustive audit conducted by the International Civil Aviation Organisation (ICAO).
Volkswagen India inaugurates a new sales, service touchpoint in Nagpur
Nagpur: Volkswagen Passenger Cars India inaugurates a new sales & service touchpoint in Nagpur.
How Is India Managing the Digitization of Agriculture?
Agriculture has played a crucial role for Indians. The country’s climate facilitates the cultivation of different crops with top-quality soil. This has made India the powerhouse of food production in the world.
BMW S 1000 RR launched in India
Gurugram: The all-new version of BMW Motorrad’s heavily popular super sport bike – the BMW S 1000 RR - debuted in India on Saturday.
Exports of agri products from Northeast India move up by 85 percent in past six years
New Delhi: India’s Commerce and Industry ministry has revealed that India’s North Eastern Region (NER) witnessed an 85.34 per cent growth in the export of agricultural products in the last six years, media reports said on Sunday.
Jammu and Kashmir continues to produce best quality Bivoltine silk
Srinagar: Jammu and Kashmir is the only region in the world which produces best quality Bivoltine silk.
Why do Freak Trades Happen in Stock Market?
India's stock market is witnessing record trading volumes where new investors are entering to make profits on several instruments. It is called the fact that the stock market is a volatile place and creates the price change owns to supply levels and different demand.
Govt selects 67 applications under PLI scheme for specialty steel
New Delhi/IBNS: The government on Friday said it has shortlisted 67 applications from 30 companies under its Rs 6,322-crore production-linked incentives (PLI) scheme for specialty steel.
India's trade deficit with China during April-October touches $51.5 billion
The India-China trade deficit has touched $51.5 billion during April-October in FY23, commerce and industry minister Piyush Goyal informed Parliament on Friday.
IDBI stake sale: Last deadline for bid submission likely to be extended
News Delhi: The last date for submitting bids for strategic disinvestment in IDBI Bank is likely to be extended to January, media reports said.
November vehicle retail sales move up by 26 pc
New Delhi: The total vehicle retail sales registered a 26 per cent year on year growth in the month of November this year, Federation of Automobile Dealers Associations (FADA) said on Friday.
Indian Market: Sensex moves up 120 pts
Mumbai: The BSE Sensex on Friday gained 120 points to open at 62,690.86 as buying was seen in Commodities, Energy and Consumer Discretionary Goods and services stocks.
Rupee up 22 paise against USD
Mumbai/UNI: The Rupee on Friday advanced 22 paise to 82.19 against the US Dollar on selling of US Dollars by bankers and exporters, dealers at Foreign Exchange said.