RBI's 3-day MPC meeting starts
Mumbai: The Reserve Bank of India's Monetary Policy Committee has started its three-day meeting on Wednesday to deliberate on interest rates and analyze the state of the economy.
Finance
Forbes World's Billionaire List 2024: Mukesh Ambani retains tilte as India & Asia's richest, ranks 9th globally; Gautam Adani is world's 17th richest
Mumbai: Indian billionaires increased their presence in the 2024 Forbes list of the World’s Billionaires to 200 from 169 last year. Leading the list is Mukesh Ambani, whose net worth surged to $116 billion from $83 billion, establishing him as the first Asian to enter the $100 billion club. Ambani maintained his status as the ninth wealthiest individual globally and continues to hold the title of India’s and Asia’s richest person.
Forbes Richest List 2024: Bernard Arnault remains world's richest person for 2nd yr with $233 bn wealth
Bernard Arnault, the chairman and CEO of luxury conglomerate LVMH Moët Hennessy Louis Vuitton SA, has topped Forbes' World's Billionaires list for the second year, media reports said.
Tesla to send team from US to pick up potential sites manufacturing hub: Report
New Delhi: Electronic car-maker Tesla plans to send a team from the United States to India by late April to assess potential locations for a proposed electric car plant worth $2 billion to $3 billion, as reported by the Financial Times on Wednesday.
Virgin Atlantic plans to offer over 1 million seats to India by 2025
Bengaluru: Virgin Atlantic on Wednesday signalled its strong commitment to India by launching a new daily service to Bengaluru and announcing a second daily flight to Mumbai, starting this October.
India plans to set up first privately run strategic petroleum reserve by 2029-30: Report
New Delhi: India intends to set up its first privately operated strategic petroleum reserve (SPR) by 2029-30, allowing the operator the autonomy to trade the entire oil stock, media reports said.
Radisson group opens 212-room luxury hotel in Srinagar
Srinagar: Radisson Hotel Group on Wednesday announced the debut of its luxury lifestyle brand Radisson Collection in India with the opening of Radisson Collection Hotel & Spa, Riverfront Srinagar.
SJVN Ltd signs MoU with IIT Patna to use advanced geological models in tunnelling projects
New Delhi: SJVN Limited has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Patna (IIT Patna) to use advanced geological models in SJVN's tunnelling projects to significantly reducing time and cost overruns.
Jawaharlal Nehru Port achieves record 6.43 million TEUs throughput in FY24
Mumbai: India’s one of the leading container ports, Jawaharlal Nehru Port Authority (JNPA) in Mumbai, achieved its highest-ever throughput of 6.43 million TEUs in the fiscal year 2023-24.
Spectrum auction postponed by 2 weeks; to start on June 6 now
New Delhi: The Department of Telecom (DoT) has postponed the spectrum auction by two weeks in view of the Lok Sabha election schedule.
Sensex marginally declines 27.09 points
BSE Sensex on Wednesday marginally fell 27.09 points to settle at 73,876.82 as selling was seen in Realty, Auto, and BSE Services stocks.
Air India transforms 'Flying Returns' loyalty programme to offer greater rewards to members
Indian aviation major Air India on Wednesday launched its transformed Flying Returns loyalty programme, introducing a simplified new structure, more customer-friendly features, renamed tiers, and an updated identity.
Sensex down by over 500 points
Mumbai/UNI: The BSE Sensex on Wednesday lost another 599 points at 73604 in the opening session as selling was seen in real estate, technology, and consumer durable stocks.
CCI approves 7 proposals involving acquisition of shares across companies
New Delhi: In a slew of decisions, the Competition Commission of India (CCI) on Tuesday approved seven proposals that include acquisition of shares partly or 100 percent in transactions involving MG Motors, Max Life Insurance, Sharekhan Limited and others.
Vedanta debt to be divided among demerged firms in ratio of assets
Mumbai: Mining conglomerate Vedanta Ltd is on track for the demerger of its key businesses, including aluminium, into separate listed companies and allocation of debt across the demerged entities would be done in proportion to their assets, sources familiar with the matter said.
Byju's lays off 500 employees
Bengaluru: Cash-strapped ed-tech company Byju's has reportedly implemented layoffs, affecting approximately 500 employees, mainly in sales and marketing roles.
India conducts 43.3 crore digital transactions every month: Nirmala Sithraman
New Delhi: Finance Minister Nirmala Sitharaman lauded the robust digital public infrastructure and widespread access that has propelled India to the forefront of digital transactions, media reports said.
Profit-taking pulls market down; BSE Sensex suffers 110 points drop
Snapping a winning streak of last three sessions, the BSE Sensex on Tuesday slipped 110.64 points to settle at 73903.91 on profit booking by local operators even as the market experts remain bullish in view of recent GST collections and other economic indicators.
Sensex drops 110.64 pts
Snapping a winning streak of last three sessions, the BSE Sensex on Tuesday slipped 110.64 pts to settle at 73903.91 on profit booking by local operators.
Sensex declines 101.77 points during opening session
The BSE Sensex on Tuesday declined 101.77 points at 93912 in the opening session on profit booking at a higher level by local operators.
Gross GST revenue in March at Rs 1.78 lakh crore
Indicating a rise in business activity, the Gross Goods and Services Tax (GST) revenue for the month of March 2024 witnessed the second highest collection ever at Rs 1.78 lakh crore with a 11.5 per cent year-on-year growth.
Sensex extends rally for third session, surges 363.20 pts
Extending rally for the third session the BSE Sensex on Monday spurted 363.20 pts to close at 74014.55 on renewed buying in Realty, Metal and Commodities stocks amid strong global cues.
Indian stock market zooms over 500 points on first day of financial year
On the first day of the new financial year, the stock market zoomed over 500 points on Monday, with the BSE Sensex opening at 74177.87, up by 526 points, in the opening session on strong global cues.
India's foreign exchange reserve jumps up to touch record high
India's foreign exchange reserve jumped for the fifth straight week to touch the all-time high figure of $642.631 billion in the week ending on March 22, media reports said.
Key indicators point to economic resilience coupled with macroeconomic stability at end of FY 2023-24, says NCAER's March review
Key markers point to the Indian economy remaining buoyant at the end of FY 2023-24 with Purchasing Manager’s Index (PMI) for manufacturing increasing and that of services maintaining a robust trend, according the Monthly Economic Review for March, released by the National Council of Applied Economic Research (NCAER) on Sunday.
Telecom giant AT&T claims personal data of 73 million current and former customers leaked on dark web
Telecom giant AT&T has said it found personal data of 73 million current and former customers have been leaked on the dark web two weeks ago.
PhonePe users can now pay via NEOPAY terminals in UAE
Indian payment platform PhonePe App users travelling to the UAE can now make payments using UPI at Mashreq’s NEOPAY terminals, available across retail stores, dining outlets, as well as tourist and leisure attractions.
Govt makes declaration of wheat stock position mandatory
New Delhi: The Centre on Friday said that traders/wholesalers, retailers, big chain retailers, and processors in all states and Union Territories have to declare their stock position of wheat.
US witnesses moderate increase in Feb inflation
Washington: The United States witnessed a moderate increase in prices, while the expenses for services excluding housing slowed notably, indicating the possibility of a Federal Reserve interest rate cut in June.
GeM witnesses remarkable uptick in procurement; Gross Merchandise Value hits Rs 4 trillion in FY24
New Delhi: The Government e-Marketplace (GeM) has registered a notable surge in the total value of orders placed for goods and services by government entities, public sector units, and ministries.