NBCC bags construction projects worth Rs 369 crore
Public sector NBCC India Ltd on Monday said that it has received three different work orders worth Rs 369 crore.
Finance
Sensex closes at new high of 72,708.16 pts
The equity market remained strong for the fifth consecutive session on Monday as the BSE Sensex closed a new high at 72,708.16' advancing 281.52 pts on positive global cues.
LIC of India introduced new plan “LIC’s Amritbaal
LIC of India launched a new product LIC’s Amritbaal at the hands of Dr. Vivek Joshi, Secretary, Financial Services, Ministry of Finance, GOI.
Magadh Sugar & Energy Q3FY24 PAT stands at Rs 39 cr
Magadh Sugar & Energy Limited (MSEL) reported a Profit After Tax (PAT) of Rs 39 crore, marking an increase from Rs 22 crore recorded in the same quarter of the previous fiscal year, Q3FY23.
RBI releases 30 FAQs for Paytm Payments Bank account holders: Read the full text
The Reserve Bank of India (RBI) released a set of frequently asked questions (FAQs) on February 16 specifically addressing bank account holders of Paytm Payments Bank. Below is the complete text of the FAQs:
Paytm transfers nodal account to Paytm Payments Bank to Axis Bank
Mumbai: One97 Communications, the parent company of Paytm, has transferred its nodal account from Paytm Payments Bank to Axis Bank.
No relief for Paytm Payments Bank; RBI only extends deadline for imposing curbs
Mumbai: The Reserve Bank of India (RBI) on Friday extended the deadline for Paytm Payments Bank Ltd (PPBL) to cease accepting new deposits and conducting credit transactions.
LIC receives tax refund of Rs 21,740 cr from IT Dept
Mumbai: The Life Insurance Corporation of India (LIC) on Friday said that it had received a tax refund amounting to Rs 21,740.77 crore from the Income Tax Department for the assessment years spanning from 2013 to 2020.
Nike plans to slash 1600 employees
US sportswear giant Nike is planning to slash 1,600 people, which comprises 2 percent of its workforce, media reports said.
Indian equity markets rise for three consecutive days
Mumbai: Indian equity markets rose for the third consecutive day following positive global cues on February 15.
Sensex jumps over 300 pts
The BSE Sensex remained firm for the fourth consecutive session on Friday as it gained 319.34 pts at 72,369.72 in opening session as almost all sbuying was seen across the board.
Paytm restrictions imposed after thorough consideration, no roll back: RBI Governor
Mumbai: The RBI restrictions on Paytm have been imposed after thorough consideration as is the case in all the decisions made by the Central bank, RBI Governor Shaktikanta Das has said, reported media.
ICICI Bank branch manager ran scam for years to meet performance targets: Report
Pratapgarh (Rajasthan): An ICICI Bank branch manager and his associates successfully met their business performance goals over several years by withdrawing funds from the accounts of unsuspicious customers at their branch, media reports said.
Cisco to remove 5 percent workforce
IT major Cisco on Wednesday announced its plan to lay off 5 percent of its global workforce.
Edelweiss Asset Management launches technology fund
Mumbai: Edelweiss Asset Management Limited (EAMC/EMF) announced the launch of the Edelweiss Technology Fund, an open-ended equity scheme investing in technology and technology–related companies.
Eirich Group Germany opens new plant in Pune to make machinery and equipment both for India and worldwide
Kolkata: The Eirich Group, with Maschinenfabrik Gustav Eirich as its strategic center in Hardheim, Germany, Thursday announced the inauguration of its new state-of-the-art manufacturing plant in Chakan Industrial Area, Pune.
Turms Intelligent Apparel secures funding on Shark Tank India
Kolkata: Turms Intelligent Apparel, which manufactures stain-repellent and odour-free garments, has recently been featured on the popular television reality series ‘Shark Tank’ and onboarded the founder of media app InShorts as an investor at a Rs 30 crore valuation, a press release said.
Paytm restrictions imposed after thorough consideration, no roll back: RBI Governor
Mumbai: The RBI restrictions on Paytm have been imposed after thorough consideration as is the case in all the decisions made by the Central bank, RBI Governor Shaktikanta Das has said, reported media.
ICICI Bank branch manager ran scam for years to meet performance targets: Report
Pratapgarh (Rajasthan): An ICICI Bank branch manager and his associates successfully met their business performance goals over several years by withdrawing funds from the accounts of unsuspicious customers at their branch, media reports said.
Cisco to remove 5 percent workforce
IT major Cisco on Wednesday announced its plan to lay off 5 percent of its global workforce.
Edelweiss Asset Management launches technology fund
Mumbai: Edelweiss Asset Management Limited (EAMC/EMF) announced the launch of the Edelweiss Technology Fund, an open-ended equity scheme investing in technology and technology–related companies.
Eirich Group Germany opens new plant in Pune to make machinery and equipment both for India and worldwide
Kolkata: The Eirich Group, with Maschinenfabrik Gustav Eirich as its strategic center in Hardheim, Germany, Thursday announced the inauguration of its new state-of-the-art manufacturing plant in Chakan Industrial Area, Pune.
Turms Intelligent Apparel secures funding on Shark Tank India
Kolkata: Turms Intelligent Apparel, which manufactures stain-repellent and odour-free garments, has recently been featured on the popular television reality series ‘Shark Tank’ and onboarded the founder of media app InShorts as an investor at a Rs 30 crore valuation, a press release said.
Sensex spikes 167.06 points as market closes
The BSE Sensex on Friday rose 167.06 points to close at 71,595.49 following gains in oil and gas, metals, and utilities stocks.
Experts air mixed feelings over RBI's decision to keep the key policy rate unchanged
New Delhi: As widely anticipated by financial markets and policy observers, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) opted to maintain the policy repo rate at its current level of 6.50 percent during its meeting on Thursday.
Mukesh Agrawal appointed Coal India’s new Director (Finance)
Kolkata: Mukesh Agrawal took over as Director (Finance) of Coal India Limited (CIL), the Maharatna public sector coal mining monolith, on Thursday.
Apollo Hospitals Q3FY24 Consolidated PAT grows to 60% to Rs 2,453 million
Mumbai: Apollo Hospitals, one of India’s leading healthcare providers, reported Rs. 2,453 million Profit After Tax (PAT) for the third quarter of FY24, demonstrating a notable increase of 59.87% from Rs. 1,535 million recorded in Q3FY23.
LIC Q3FY24: Profit grows 49% YoY to Rs 9,441 cr
Mumbai: The Life Insurance Corporation (LIC) of India announced a 49 percent surge in net profit to Rs 9,441 crore for the October-December quarter of the fiscal year 2023-24, an increase from the Rs 6,334 crore reported in the same period last year.
Bengal: Cash strapped Mamata Banerjee-govt presents Rs 3.6 lakh crore budget
Kolkata/IBNS/UNI: Finance Minister Chandrima Bhattacharya on Thursday presented a Rs 3.6 lakh crore budget for West Bengal for 2024-25 with a slew of benefits expanding assistance to the poor and common people ahead of the Lok Sabha election.
Parliament approves Finance and other appropriation bills after discussion
New Delhi/IBNS/UNI: The Parliament Thursday gave its nod to the Narendra Modi government's interim Budget with Rajya Sabha returning the Finance Bill 2024 and related appropriation bills after discussion.