RBI won't accept or exchange Rs. 2000 currency notes on April 1
The Reserve Bank of India on Friday announced Rs. 2000 currency note will not be exchanged or accepted on April 1 due to operations associated with the Annual Closing of Accounts.
Finance
Honda Motorcycle & Scooter India achieves 6 cr domestic sales milestone
Mumbai/UNI: Honda Motorcycle & Scooter India (HMSI) announced on Thursday that it has accomplished a historic achievement of 6 crore domestic sales in India.
India's Apr-Feb fiscal deficit at Rs 15.01 lakh cr, reaches 86.5% of FY24 target
New Delhi: India's fiscal deficit for the period between April and February of FY24 amounted to Rs 15.01 lakh crore, nearly 86.5 percent of the target set for the entire financial year.
India's core sector output rises to three-month high of 6.7 pc in Feb
New Delhi: Driven primarily by coal, cement and crude oil production, India's core sector comprising of eight key infrastructure components grew 6.7% year-on-year in February 2024, as per data released by the Ministry of Commerce and Industry on Thursday.
Ambani, Adani collaborate as Reliance buys 26% stake in Adani Power project
Mumbai: In a first-ever collaboration between competing billionaires, Reliance Industries, led by Mukesh Ambani, has acquired a 26 percent stake in a Madhya Pradesh power project belonging to Gautam Adani.
RBI to temporarily stop exchange/ deposit of 2,000 banknotes on Apr 1
Mumbai: The Reserve Bank of India (RBI) has announced that the exchange or deposit of Rs 2,000 banknotes will not be available on Monday, April 1, 2024, at its 19 issue offices nationwide.
Adani family injects Ambuja Cement Rs 6,661 cr in Ambuja Cement
Mumbai: The Adani family has injected Rs 6,661 crore into Ambuja Cement, elevating its stake in the company to 66.7%.
SBI revises yearly maintenance charges of some cards
Mumbai: The State Bank of India (SBI) has updated the yearly maintenance fees for specific debit cards.
Sanofi collaborates with Dr. Reddy’s Labs to promote and distribute its vaccine brands in India
New Delhi: Hyderabad-based pharmaceutical major Dr. Reddy’s Laboratories Limited (DRL) on Wednesday announced an exclusive partnership with Sanofi Healthcare India Private Limited to promote and distribute Sanofi’s vaccine brands across the country.
India's March gold imports expected to fall significantly: Report
New Delhi: India's gold imports are likely to drop in March by over 90% compared to the previous month, reaching the lowest point since the onset of the COVID-19 pandemic, media reported.
Morgan Stanley raises India's FY25 GDP growth to 6.8%
Mumbai: Global brokerage firm Morgan Stanley on Wednesday increased its GDP growth forecast for India in FY25 to 6.8 percent, up from the previous estimate of 6.5 percent.
Centre plans to borrow Rs 7.5 lakh cr to bridge revenue gap and bolster growth
New Delhi: The government is planning to borrow Rs 7.5 lakh crore through market borrowing between April and September 2024-25 to bridge the revenue gap and stimulate economic growth, the finance ministry said on Wednesday.
CCI approves 100% acquisition of Lanco Amarkantak Power by Adani Power
New Delhi: The Competition Commission of India (CCI) has approved the 100% acquisition of Lanco Amarkantak Power Limited by Adani Power Limited.
Sanofi partners with Cipla to distribute and promote its Central Nervous System product range in India
Mumbai: Pharma companies Sanofi India and Cipla Limited on Tuesday announced an exclusive partnership for the distribution and promotion of Sanofi India’s Central Nervous System (CNS) product range in India.
India's current account deficit reduces to $10.5 billion in Dec qtr: RBI
New Delhi: India's current account deficit lessened to $10.5 billion or 1.2 percent of the GDP in the October-December quarter, from $11.4 billion in the preceding three months and $16.8 billion a year earlier, Reserve Bank of India (RBI) said on Tuesday.
Amul ties up with 108-yr-old American association to sell fresh milk in US
Anand (Gujarat): Amul, the largest dairy cooperative in the world, has entered into a partnership with a 108-year-old dairy association to introduce its fresh, branded milk in the United States, media reports said.
Nirmala Sitharaman refutes Siddaramaiah govt's claims on special grants
Bengaluru/IBNS/UNI: Union Finance Minister Nirmala Sitharaman has refuted the Karnataka government's claim regarding the release of 'special grants' recommended by the 15th Finance Commission.
India’s tax revenue grows beyond expectations, shows recent data
India’s direct taxes have experienced a significant and sustained increase in growth over the time. The Gross Direct tax collection for the year 2023-24 (as on March 17, 2024) registered an increase of 18.7% over the corresponding period last year (2022-23).
Govt planning to conduct another round of auction for J&K lithium reserves
New Delhi: The Central government is planning to conduct another auction for lithium reserves in Jammu and Kashmir as part of a third round, media reported citing sources.
SBI Yono app to remain down on this date and time
New Delhi: State Bank of India’s Internet Banking Service channels—Yono Lite, Yono Business Web & Mobile App, YONO and UPI will be down on Saturday, March 23, 2024, according to the SBI website.
Maruti Suzuki recalls 16,000 units
Gurugram: Maruti Suzuki India on Friday announced the recall of more than 16,000 units of its two leading car models due to a fault in the fuel pump motor, media reports said.
India's foreign exchange reserves grow by $6.396 billion to $642.492
Mumbai: India's foreign exchange kitty fattened by $6.396 billion to $642.492 billion for the week ending on March 15, as per the statement from the Reserve Bank on Friday.
Sensex jumps up 190 points on last day of week
The stock market extended the rally for second day on Friday as the BSE Sensex gained 190 points to close at 72,831 mainly on the strength of the banking sector and automobiles.
Investor education is critical for financial inclusion of youth in digital overload era, say experts
New Delhi/IBNS: The Investor Education and Protection Fund Authority (IEPFA), in collaboration with the National Council of Applied Economic Research (NCAER), which is India’s oldest independent economic think tank, and the Department of Commerce, DSE, University of Delhi recently hosted a conference for youth to bolster financial literacy and inclusion.
Zomato CEO Deepinder Goyal marries Mexican entreprenuer Grecia Munoz: Reports
Zomato CEO Deepinder Goyal has tied the knot with Mexico-born model-turned-entrepreneur Grecia Munoz, media reports said.
All agency banks to remain open for public on March 31: RBI
New Delhi: All banks dealing with government receipts and payments will remain open on Sunday, March 31, to account for all the transactions in the financial year 2023-24.
Samsung expects to contribute 75% in 5G segment in 2024
Hyderabad/UNI: South Korean smartphone maker Samsung is expected to contribute 75 percent in the overall category in the 5G segment this year against 67 percent growth expected by the overall industry, said Ghufran Alam, Senior Director, MX Business, Samsung India, on Wednesday.
NIXI and MeitY to unveil BhashaNet portal at UA Day on Thursday for digital Inclusion across the nation
New Delhi: The National Internet Exchange of India (NIXI) will announce the launch of the BhashaNet portal for the Universal Acceptance (UA) Day on Thursday at Dr Ambedkar International Centre in the national capital.
LIC fires employee banned by in front-running case
Mumbai: Insurance behemoth Life Insurance Corporation of India (LIC), a government-owned entity, said on Wednesday that it terminated the employment of a worker banned by the Securities & Exchange Board of India (SEBI) for involvement in a front-running incident, according to a stock market filing.
India's mineral production grows 6% YoY in Jan 2024
New Delhi: India’s mineral production of the mining and quarrying sector grew by 5.9% for the month of January, 2024 compared to the month of January, 2023.