India overtakes US to become second-biggest 5G handset market, shows new research data
India overtook the US to become the world’s second-biggest 5G handset market for the first time, behind China, a recent research said.
Finance
Videocon loan fraud case: SC issues notices to former ICICI Bank CEO Chanda Kochhar, husband over CBI's plea against Bombay HC's bail order
New Delhi: The Supreme Court of India issued a notice on Friday to former ICICI Bank Managing Director and CEO Chanda Kochhar, and her husband, Deepak Kochhar, in response to a plea by the Central Bureau of Investigation (CBI) challenging a Bombay High Court order that had declared their arrest "illegal."
Adani Group assures Bangladesh of continued power supply from Godda plant; urges interim govt to expedite dues
New Delhi: The Adani Group has reassured Bangladesh of a continuous power supply, even though its outstanding receivables have exceeded $800 million, according to sources cited by Moneycontrol.
Parliamentary committee to investigate allegations against SEBI chief Madhabi Buch, likely to summon her: Report
New Delhi/IBNS: The parliamentary Public Accounts Committee (PAC), the parliamentary watchdog for government spending, will investigate allegations against Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch and it is likely to summon her later this month, Economic Times reported, citing people in the know.
Top Rankers Management Club hosts 24th National Management Summit
New Delhi/IBNS: Bringing together over 300 seasoned professionals from various sectors to turn it into a landmark gathering of industry leaders, the Top Rankers Management Club successfully hosted the 24th National Management Summit on Aug 30-31 in the national capital.
Reliance Industries board approves 1:1 bonus issue for shareholders
Mumbai: Reliance Industries Ltd (RIL) on Thursday approved a 1:1 bonus issue, marking its first bonus offering since September 2017. Shareholders will receive one free share for each share held.
Singapore plans to make major investment in India in coming years: Piyush Goyal
New Delhi/IBNS: Union Commerce and Industry Minister Piyush Goyal Thursday said Singapore has already invested about $150 billion in India and is ready to invest five times that amount in the coming years.
Traders flee Maldives amid escalating default risk as foreign currency crisis deepens: Report
Male: The selloff of Maldives' Islamic bonds has worsened, with the dollar-denominated sukuk maturing in 2026 falling below 70 cents this week, a new record low, Bloomberg reported.
Air India starts construction of 35-acre MRO facility in Bengaluru with Rs 1,400 crore initial investment
Bengaluru/IBNS: The Air India Group on Wednesday (Sept 4) officially commenced the construction of a major Maintenance, Repair, and Overhaul (MRO) facility, which is set to be built on a 35-acre site at Kempegowda International Airport in Bengaluru with an initial investment of Rs 1,400 crore.
Ethanol push turns India into top corn importer: Report
Mumbai/IBNS: India's push to make more ethanol made from corn has turned the country, which was Asia's top corn exporter, into a net importer for the first time in decades, squeezing local poultry producers and scrambling global supply chains, Reuters reported.
Big push for capex: Finance Minister Nirmala Sitharaman eases norms for expenditure over Rs 500 cr
New Delhi: The finance ministry has eased rules for expenditures exceeding Rs 500 crore to speed up capital expenditure, which is set at Rs 11.11 lakh crore for the current fiscal year, News agency PTI reported.
Adani Enterprises establishes subsidiary to develop Nairobi airport in Kenya
Mumbai: Adani Enterprises, the flagship company of the Adani Group, has established a subsidiary in Kenya as part of its strategy to take over Jomo Kenyatta International Airport in Nairobi, media reports said.
Reliance Industries bags 10 GWh ACC EV battery project under PLI scheme
New Delhi: Reliance Industries has secured a 10 GWh battery storage project under an incentives program designed to promote EV battery production, the government said on Wednesday.
Adani Enterprises' first retail bond fully subscribed: Report
Mumbai: Adani Enterprises' first retail bond was fully subscribed at its launch on Wednesday, according to data from local Indian stock exchanges, marking a rare occurrence in the market, Reuters reported.
Adani Enterprises' first retail bond fully subscribed: Reuters
Mumbai: Adani Enterprises' first retail bond was fully subscribed at its launch on Wednesday, according to data from local Indian stock exchanges, marking a rare occurrence in the market, Reuters reported.
Volkswagen considers German plant closure for first time in 87-year history: Report
Berlin/IBNS: German automaker Volkswagen is weighing whether to close plants in Germany for the first time in its 87-year history as the company moves to deepen cost cuts amid rising competition from China’s electric vehicle makers, reports CNN.
Best Fixed Deposit (FD) Strategies To Follow
A Fixed Deposit is considered to be a low-risk investment product wherein one is guaranteed fixed rates of returns for a particular period. Moreover, investors interested in investing in bank FDs to accumulate wealth should analyse this specific financial instrument in detail. In this blog, we will discuss the various factors that affect Fixed Deposits and different strategies that you can take to ensure you get the best returns.
Hacker behind $234-million WazirX crypto theft starts washing loot
Bengaluru/IBNS: The hacker behind India’s worst crypto hack has started laundering some of the $234 million stolen in the incident from the WazirX exchange, acting the same day the platform briefed on efforts to recover funds, reports Bloomberg.
JSW Steel secures MUFG funding for Australian coking coal mining company acquisition: Report
Mumbai: JSW Steel Ltd, led by Sajjan Jindal, has secured financing from Japan's MUFG Group for its acquisition of a coking coal mining company in Australia, Moneycontrol reported.
States fail to reach consensus on GST relief on health insurance premiums
New Delhi: States remain divided over a proposal to exempt health insurance premiums from Goods and Services Tax (GST), with the Fitment Committee—comprising revenue officials from both state and Union governments—struggling to agree on this contentious issue, media reports said.
Investors lose Rs 3 lakh crore as Sensex tumbles 550 pts amid weak global cues
Mumbai/IBNS: Following a fall in global markets amid resurfacing slowdown fears, Indian benchmark indices Sensex and Nifty traded lower in the early hours of Wednesday (Sept 4) amid renewed concerns over a US economic slowdown and caution ahead of key data that could influence the Federal Reserve's interest rate decision, while selling pressure was evident across all sectors, reports said.
DAC greenlights 10 capital acquisition proposals valued at Rs 1.45 lakh crore to boost Indian defence
New Delhi: The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, on Tuesday, granted Acceptance of Necessity (AoN) for 10 capital acquisition proposals worth Rs 1,44,716 crore.
Travel industry poised to add record $11.1 trillion to world's GDP in 2024
The world will spend an unprecedented amount of money on travel in 2024. According to the World Travel and Tourism Council (WTTC), $1 out of every $10 spent globally will go towards travel, as people eagerly book hotels, cruises, and flights, reported Reuters.
IIT-Bombay witnesses avg salary increase by 7.7% amid decline in student placements
Mumbai: Yet another placement season unfolded at the Indian Institutes of Technology (IITs) this year, bringing to light the growing competition the graduates have to face every year in campus job interviews.
UPI hits over 3,700 transactions per second, up 58% yearly
New Delhi: The Unified Payments Interface (UPI) has become the world's most popular alternative payment method, handling 3,729.1 transactions per second in 2023, media reports said.
Govt set to approve mega defence projects worth Rs 1.3 lakh cr for Army, Navy
New Delhi: The government is set to approve several major defence projects, including the construction of seven advanced frigates for the Indian Navy and the Indian Army's plan to acquire 1,700 new tanks to replace its aging fleet of Russian-origin T-72 tanks, media reports said.
World Bank's latest report ups India's growth forecast for FY25 to 7 percent
The World Bank on Tuesday upgraded India's growth forecast for the FY24/25 to seven percent, giving a boost to the country's financial journey.
Didn't pay salary or granted ESOPs post-retirement to SEBI's Madhabi Puri Buch: ICICI Bank rebuts INC's allegation
Mumbai/IBNS: Hours after Indian National Congress (INC) spokesperson Pawan Khera alleged that Securities and Exchange Board of India (SEBI) chair Madhabi Puri Buch had received Rs 16.8 crore from ICICI Group between FY18 and FY24, private sector lender ICICI Bank on Monday (Sept 2) denied paying salary or granting stock options to its former employee Buch.
Tata Motors launches Curvv, check out the price
Auto major Tata Motors on Monday announced the launch of Tata Curvv – The SUV Coupe, at a starting introductory price of Rs. 9.99 lakh.
PMI survey shows India's manufacturing activity growth hits three-month low of 57.5 in August
New Delhi/IBNS: A monthly private-sector survey showed on Monday (Sept 2) that India's manufacturing activity growth eased to a three-month low in August 2024 as demand softened significantly, casting another shadow over the otherwise robust economic outlook.