Ambuja Cements to invest Rs 1,000 cr in Jharkhand
New Delhi: Ambuja Cements, a part of the Adani Group, on Wednesday announced its intention to invest Rs 1,000 crore in setting up a cement grinding unit in the Godda district of Jharkhand.
Finance
India crosses China as HSBC's third-largest profitable business region
HSBC Group Wednesday reported a 25% rise in earnings from its activities in India, reaching $1.5 billion for the fiscal year ending December 2023, media reports said.
Sensex falls 434.31 pts after winning run for last six sessions
Snapping a winning streak of the last six sessions ' the BSE Sensex tanked 434.31 pts to settle at 72,623.09 as selling was seen in Utilities, Oil and Gas stocks.
Outlook for the Indian economy appears bright, says Finance Ministry report
New Delhi: Prospects of healthy Rabi harvesting, sustained manufacturing profitability and underlying service resilience are expected to support economic activity in the financial year 2024-25, said a Finance Ministry report released on Tuesday.
RBI Bulletin says India's H1FY24 growth momentum to persist in H2
Mumbai: The Reserve Bank of India's (RBI) monthly bulletin indicates that the growth momentum of the Indian economy observed in the first half of the current financial year is expected to continue into the second half.
RBI Bulletin says India's H1FY24 growth momentum to persist in H2
Mumbai: The Reserve Bank of India's (RBI) monthly bulletin indicates that the growth momentum of the Indian economy observed in the first half of the current financial year is expected to continue into the second half.
Indian mutual fund industry AUM grows 33% YoY to Rs 53 lakh crore in Jan 2024
Mumbai: The net AUM of the mutual fund industry rose 33.11% YoY at Rs 52.74 lakh crore in January 2024, as against Rs 39.62 lakh crore in January 2023, according to a report.
Japan commits ODA loan of JPY 232.209 billion for nine projects in various sectors in India
New Delhi: Japan has committed an Official Development Assistance (ODA) loan of an amount of 232.209 billion yen for nine projects in various sectors, the Ministry of Finance said on Tuesday.
Bids for 9th round and second attempt of 7th round of commercial coal mines’ auction opened today
New Delhi: The coal ministry Tuesday opened the bids for the 9th round and second attempt of the 7th round of commercial coal mines’ auction, which was launched on December 20, 2023.
Finance Minister Nirmala Sitharaman to meet fintech companies amid Paytm fiasco
New Delhi: Finance Minister Nirmala Sitharaman has decided to hold a meeting with heads of financial technology companies next week to urge them to adhere strictly to regulatory guidelines, media reports said.
Govt's talks with Elon Musk's Tesla to gain momentum after general elections: Report
New Delhi: Discussions between the Indian Government and Tesla in connection with Tesla's entry into the electric vehicles (EV) sector in India are expected to slow down due to the upcoming general elections, a media report said.
India to advocate end of moratorium on e-commer goods customs duty at WTO
New Delhi: India intends to advocate for the termination of the moratorium on customs duties on e-commerce goods at the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) in Abu Dhabi later this month, media reported citing officials.
EPFO adds 15.62 lakh net members in December
Indicating an uptick in employment, the EPFO has said that it added 15.62 lakh net members during December 2023, which is the highest in the previous 3 months.
Sun Pharma to acquire 16.33 pc stake in US-based Surgimatix
Sun Pharma on Tuesday said that it has decided to acquire a 16.33% stake in the US-based Surgimatix for US$ 3.05 million.
Sensex touches new peak at 73,057.40 pts
Extending rally for the sixth straight session on Tuesday the Sensex breached 73K level to finish at 73,057.40 surging 349.24 pts on the strength of Bankex, Realty and Power stocks despite weak global cues.
Initial Public Offering of GPT Healthcare Limited to open on Thursday, price band set at Rs. 177 to Rs. 186 per Equity Share
Eastern India focused GPT Healthcare, which operates and manages mid-sized multispecialty hospitals under the ILS Hospitals brand, has fixed the price band of Rs.177- to Rs.186 per Equity Share of face value Rs.10 each for its maiden initial public offer.
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.
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.