Fintech startups: Hitachi Payment Services launches HPX
Hitachi Payment Services, a payments and commerce solutions provider, on Friday announced the launch of its HPX initiative.
Finance
Indian Market: Sensex down 125.65 pts
The BSE Sensex on Friday lost another 125.67 pts to close at 66,282.74 as renewed selling was witnessed in Bankex, IT and Commodities stocks.
Packaged snacks maker Annapurna Swadisht appoints GP Sah as Joint MD
Kolkata: Packaged snacks and beverage maker Annapurna Swadisht Ltd has appointed Gajanan Prasad Sah Kalwar as an Additional Director and Joint Managing Director of the company effective September 22, 2023.
Volvo India says its first Born Electric C40 Recharge registered strong debut in India
Kolkata: Volvo Car India’s second fully electric car C40 Recharge has got a very strong response from the Indian market, a press release said on Thursday.
NTPC features in Forbes 'World’s Best Employers 2023' List
New Delhi: India’s largest integrated energy conglomerate NTPC Ltd has been featured as one of the “World’s Best Employers 2023” in the Forbes World’s Best Employers list 2023 released on Oct 10, 2023.
Gadkari approves 7 bridge projects worth Rs 118.50 cr in Arunachal Pradesh under the Setu Bandhan Scheme
New Delhi: A total of seven projects for construction of bridges in Arunachal Pradesh at a cumulative cost of Rs118.50 crores have been approved in the fiscal year 2023-24 under the Setu Bandhan Scheme, Union Road Transport and Highways Minister Nitin Gadkari Thursday said in a social media post.
India's retail inflation drops to 5 pc in Sept, below RBI's upper band
New Delhi: India's retail inflation measured by consumer price index (CPI) eased to 5.02% year-on-year in September 2023 from 6.83% in the previous month on the back of softening food prices, showed the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Thursday.
India's industrial production zooms 10.3 pc in August
New Delhi: India's index of industrial production (IIP) rose 10.3% year-on-year in August FY24 on the back of a surge in mining and electricity sector output, data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Thursday showed.
Essar plans green hydrogen projects in Gujarat
New Delhi/UNI: Ruias-controlled Essar Group is set to announce plans to invest in green hydrogen, power generation and port sector during Vibrant Gujarat summit slated to take place in January next year.
RPG Group announces appointment of Anant Goenka as Group Vice-Chairman
Mumbai: RPG Group, one of India's leading business conglomerates, has announced the appointment of Anant Goenka to the position of Vice-Chairman of the diversified group, the company said in a statement.
Bharti Group acquires French insurer AXA's stake in Bharti AXA Life Insurance: Report
Bharti Group has announced that it is acquiring French insurer AXA's 49% stake in Bharti AXA Life Insurance Co., a move that grants Bharti full control over a venture that the two companies jointly operated for nearly two decades, Reuters reported.
Cabinet approves royalty rates for mining of Lithium, Niobium and Rare Earth Elements
New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi approved the amendment to the Second Schedule of the Mines and Minerals (Development and Regulation) Act, 1957, also known as the MMDR Act, for specifying the rate of royalty in respect of three critical and strategic minerals, namely, Lithium, Niobium and Rare Earth Elements (REEs), the Ministry of Mines said.
RBI permits SBI Mutual Fund to acquire 9.99% paid-up share capital in IndusInd Bank
Mumbai: The Reserve Bank of India (RBI), on Wednesday, granted permission to SBI Mutual Fund (SBIMF) to acquire up to 9.99% of paid-up share capital or voting rights in Induslnd Bank.
Govt amends white goods PLI scheme rules for chosen candidates
New Delhi: The government, on Tuesday, tweaked the Production Linked Incentive (PLI) scheme rules for white goods for the selected candidates by modifying the method for assessing production value for internal consumption, sales to affiliated firms, and associated entities.
Indian-American teen's AI startup valued at Rs 100 cr
At just 16 years old, Pranjali Awasthi, an Indian prodigy, has entered the tech arena with her startup, Delv.AI. Her venture, dedicated to streamlining the process of data extraction for research purposes, took off in January 2022.
TCS reports Rs 11,342 cr net profit for Q2FY24; declares Rs 9 dividend per share
Mumbai: Tata Consultancy Services (TCS) on Wednesday announced a net profit of Rs 11,342 crore for the Q2FY24, propelled by a robust order book, particularly in the BFSI sector, despite a challenging business environment.
Indian Market: Sensex advanced 393.69 pts
The BSE Sensex on Wednesday gained further by 393.69 pts to close at 66,473.05 on the strength of Telecommunications, FMCG and Auto stocks amid strong global cues.
Bridgestone India partners with Tata Power to install EV chargers across select tyre dealerships across India
Kolkata: Bridgestone India and Tata Power have come together to install EV chargers for four-wheelers at Bridgestone dealerships on a pan-India basis.
RBI directs Bank of Baroda to halt adding new customers via app
Mumbai: The Reserve Bank of India (RBI), on Tuesday, directed state-owned lender Bank of Baroda to cease the onboarding of new customers through the BoB World, the bank's digital banking application.
Bibhu Prasad Mahapatra assumes charge as Executive Director on the Board of PNB
New Delhi: Bibhu Prasad Mahapatra has assumed the charge as the Executive Director on the Board of Punjab National Bank, the Ministry of Finance said on Tuesday.
IDFC First Bank planning to raise Rs 3,000 crore in debt capital through Tier-ii bonds
Mumbai: After its recent equity capital infusion of Rs 3,000 crore, IDFC First Bank is now gearing up to raise the same amount through debt capital, specifically Tier-II bonds, Business Standard reported.
India must aim for 8% growth rate to surpass China: Barclays
New Delhi: For India to surpass China and emerge as the leading contributor to global growth, it would have to aim for an 8 percent growth rate, a Barclays report said.
Mukesh Ambai takes over Gautam Adani to be the richest Indian: Report
Mumbai: Reliance Industries chairman Mukesh Ambani has surpassed Gautam Adani of Adani Group to claim the top spot as the wealthiest Indian in the 360 ONE Wealth Hurun India Rich List 2023.
Direct Tax collection in Oct FY24 crosses Rs 11.07 lakh cr
New Delhi: The gross direct tax collections in October, so far, surpassed Rs 11 lakh crore, reaching Rs 11.07 lakh crore, the Finance Ministry said in a statement on October 10.
ED arrests 4 Vivo execs including 1 Chinese national
New Delhi: The Enforcement Directorate (ED) on Tuesday arrested four executives from the Chinese smartphone manufacturer Vivo, including a Chinese national, reported media.
UP Crime: Gang involved in human trafficking busted, 13 arrested
Thirteen members of a gang, including four women, allegedly involved in trafficking of girls and women were arrested by a joint team of the police and the district probation officer from Robertsganj area of Sonbhadra district here in Uttar Pradesh, a police officer said here on Tuesday.
Indian Market: Sensex jumps 566.97 pts
The BSE Sensex on Tuesday registered a solid gains of 566.97 pts to close at 66,079.36 on the strength of Realty, Metal, Telecommunications and BSE services amid positive global cues.
JSW Group likely to seal deal with MG Motors India for EV manufacturing in India: Report
Mumbai: JSW Group is actively negotiating to acquire a stake in MG Motor India, aiming to introduce an electric vehicle tailored specifically for the Indian market.
ChatGPT developer OpenAI planning to make its own AI chips: Report
San Francisco: ChatGPT’s developer OpenAI is considering the development of its own artificial intelligence chips and has even explored a potential acquisition target, Reuters reported, citing sources.
ADIA to invest Rs 4,966.80 cr in Mukesh Ambani's Reliance Retail Ventures
Mumbai: Abu Dhabi Investment Authority (ADIA) through its wholly-owned subsidiary is set to inject Rs 4,966.80 crore into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, media reported.