New York: Commerce and Industry Minister Piyush Goyal chaired a roundtable discussion with young CEOs and entrepreneurs of Indian origin in New York organised by the Consulate General of India to discuss the business landscape of India and provide suggestions for reforms.
Mumbai: The Securities and Exchange Board of India (SEBI) has introduced a series of measures to strengthen the index derivatives framework, aiming to protect investors and stabilize the market, media reports said.
New Delhi: The government has appointed Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as the new external members of the Reserve Bank of India's Monetary Policy Committee (MPC), according to a government statement released on Tuesday.
Chennai: Ford Motor Co. is in talks to produce electric vehicles at its southern India plant in Tamil Nadu, which marks its potential return to the world’s third-largest car market three years after shutting down its local factories.
New Delhi: The All India Mobile Retailers Association (AIMRA) has called on the Central government to revoke the licenses of Chinese smartphone brands such as iQoo, Poco, and OnePlus, accusing them of anti-competitive practices that hurt local retailers and result in financial losses to the exchequer, media reports said.
New Delhi/IBNS: India's manufacturing sector slowed to an eight-month low in September as factory output and sales growth decelerated, and international orders saw their weakest rise in 18 months, according to a private survey released on Tuesday (Oct. 1).
People can invest whenever they want throughout the year, whether it’s for placing extra funds in the market or for saving taxes. However, an issue arises when the employees are told to provide their plans for tax-saving several months before the end of the economic year. When you make an investment at the last moment, it may lead to many risks, such as choosing an incorrect product to fund, which does not provide you with the outcomes you need. That’s why it is always better to invest to save tax with the help of SIP and achieve the outcomes that you desire.
Mumbai/IBNS: The Shapoorji Pallonji (SP) Group is considering increasing the size of the initial public offering (IPO) for Afcons Infrastructure Ltd, with the aim of raising between Rs 8,000 and Rs 8,500 crore due to strong interest from institutional investors, Moneycontrol reported, citing people familiar with the matter.
California/IBNS: Sony Pictures Entertainment (SPE) revealed on Tuesday (Oct. 1) that its Chairman and CEO, Tony Vinciquerra, will step down from his position on January 2, 2025, and Ravi Ahuja, the current Chief Operating Officer (COO), who has been with SPE since 2021, will take over as the new CEO.
New Delhi/IBNS: Ahead of the festive season, the Indian oil marketing companies have implemented a price hike for commercial LPG gas cylinders, with the new rates taking effect on Tuesday (Oct. 1).
Mumbai/IBNS: The Securities and Exchange Board of India (SEBI), the regulatory body for securities and commodity market in the country, has raised objections to companies using proceeds from share sales to repay loans taken from promoters or promoter entities, Moneycontrol reported, citing sources familiar with the matter.
California/IBNS: Meta CEO Mark Zuckerberg has officially entered the elite $200 billion net worth club, marking a major achievement in his financial trajectory.
New Delhi/IBNS: Indian fintech company BharatPe announced on Monday (Sept. 30) that it had reached a settlement with its former co-founder Ashneer Grover, formally ending his association with the company.
Mumbai/IBNS: Stock market investors faced a significant loss of nearly Rs 3 lakh crore as Indian benchmark indices took a sharp hit following a weak start to Monday’s (Sept. 30) trading session.
NPCI International Payments Limited (NIPL) has entered into a strategic partnership with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform similar to India’s ‘Unified Payments Interface’ (UPI).
New York/IBNS: Nobel laureate and chief adviser to Bangladesh's interim government, Muhammad Yunus, acknowledged that the ousting of Sheikh Hasina as the Bangladeshi Prime Minister was part of a carefully orchestrated "design and conspiracy."
New Delhi/IBNS: Zomato co-founder and Chief People Officer (CPO) Akriti Chopra has resigned from her position, ending a 13-year tenure with the company, reports said.
Mumbai/IBNS: Mumbai-headquartered private sector lender IDFC First Bank announced on Friday (Sept. 27) the successful completion of its merger with IDFC Limited, following all necessary shareholder and regulatory approvals, reports said.
New Delhi/IBNS: Leading public sector lender Punjab National Bank (PNB) announced on Friday (Sept. 27) that it has raised Rs 5,000 crore through a Qualified Institutional Placement (QIP).
India topped the global IPO market, with 227 transactions totaling $12.2 billion in the first eight months of 2024, as per data shared by Global Data.
Mumbai: India has made significant progress in infrastructure over the past decade, but more needs to be done in other sectors to enhance local manufacturing and job creation, former RBI Governor Raghuram Rajan said on Thursday.
Mumbai: UBS is in discussions to establish an Indian wealth management joint venture with Mumbai-based 360 One WAM, Reuters reported.
New Delhi: India will not purchase liquefied natural gas (LNG) from Russia's Arctic LNG 2 project, which is under Western sanctions, Reuters reported, citing Oil Secretary Pankaj Jain, who confirmed the development on Friday.
GQG Partners, the asset management firm founded by Rajiv Jain, has agreed to pay $500,000 to resolve allegations brought by the US Securities and Exchange Commission (SEC) regarding violations of whistleblower protection rules, media reports said.
Mumbai/IBNS: Shares of mining giant Vedanta continued their impressive rally on Friday (Sept. 27), marking gains for the fifth consecutive trading session.
Mumbai/IBNS: Gold prices rose slightly in the domestic futures market on Friday (Sept. 27) morning, following positive global trends as investors awaited the release of the US core personal consumption expenditures (PCE) price index data later in the day, reports said.
California/IBNS: Intel and the US government are expected to finalize $8.5 billion in direct funding for the chipmaker by the end of the year, the Financial Times reported, citing sources familiar with the matter.
Mumbai/IBNS: Shares of Tata Power Company surged to a new all-time high of Rs 494.85 on the NSE after Morgan Stanley upgraded its rating on the stock from 'underweight' to 'overweight.'
Mumbai/IBNS: Shares of budget airline SpiceJet surged on Friday (Sept. 27) following the announcement that the low-cost carrier has cleared its Goods and Services Tax (GST) dues amounting to approximately Rs 71 crore.
Star Health Insurance has filed a lawsuit against the social media platform Telegram and a hacker after discovering that sensitive company data was being leaked through the messaging app.
