Reporter News - IBJ Bureau
Kandla, Paradip, Tuticorin picked to develop as hubs for...
- Oct 03, 2023
In a move to expedite India’s goal of becoming a significant player in the global hydrogen market, the Ministry of Shipping and Ports has...
Cases under IBC resolution set to hit 300 in FY24, reveals...
- Oct 02, 2023
Number of resolutions of stressed assets under the insolvency law was likely to touch 300 this year, IBBI Chairperson Ravi Mittal said on Sunday and...
India’s inclusion into global bond index may see inflows...
- Oct 01, 2023
From June 2024, Indian government bonds will be included in JPMorgan Chase & Co’s emerging market bond index. In fact, the inclusion of...
Core sector growth for August surges to 14-month high of...
- Oct 01, 2023
Eight core sectors posted growth of 12.1 per cent in August, according to data released by the Ministry of Commerce and Industry on Friday. At 12.1...
UAE’s IHC to sell stakes in Adani Green Energy and Adani...
- Sep 29, 2023
Abu Dhabi conglomerate International Holding Company (IHC) on Thursday said it would sell its stake in two of India’s Adani Group companies. The...
Kewal Kiran launches first exclusive boyswear brand Junior...
- Sep 28, 2023
Elevating the style quotient for young fashionistas, Junior Killer – India’s latest high street kids fashion brand from the house of Kewal Kiran...
Top-class cruise terminal coming up in Varanasi to boost...
- Sep 27, 2023
Union Minister Sarbananda Sonowal on Tuesday said that the government was planning to construct a world-class cruise terminal in Varanasi for...
Strides Pharma to demerge CDMO, soft gelatine businesses...
- Sep 26, 2023
Strides Pharma Science on Monday said its board had approved a scheme of arrangement among group entities in order to create a separate contract...
SIDBI, DLAI ink pact to boost fintech sector, enhance MSME...
- Sep 24, 2023
Small Industries Development Bank of India (SIDBI) on Saturday said that it had inked an agreement with the Digital Lenders’ Association of India...
LIC gets over Rs 290-crore GST claim from Bihar tax...
- Sep 23, 2023
Life Insurance Corporation of India (LIC) has received a Goods and Services Tax receipt, including interest and penalty, of over Rs 290 crore from...
Cisco Systems to buy cybersecurity firm Splunk for about...
- Sep 22, 2023
Cisco Systems on Thursday agreed to buy cybersecurity firm Splunk for about $28 billion in its biggest-ever deal to strengthen its software business...
John Grisham, other authors sue OpenAI for “unlawfully...
- Sep 21, 2023
A trade group for US authors has sued OpenAI in Manhattan federal court on behalf of prominent writers, including John Grisham, Jonathan Franzen,...
Torrent Pharma in talks with Apollo Global to raise $1 bn...
- Sep 20, 2023
Torrent Pharmaceutical was in preliminary talks with Apollo Global Management to secure a loan of up to $1 billion to help fund a planned bid for...
Household savings plunge to 50-year low in FY23 as incomes...
- Sep 19, 2023
Net financial savings of households fell to a nearly five-decade low of 5.1 per cent of GDP in FY23, down from 7.2 per cent in FY22, the Reserve Bank...
India, Brazil start talks to end WTO sugar row; ethanol may...
- Sep 18, 2023
India and Brazil have started talks to resolve a sugar-related trade dispute at the World Trade Organization (WTO) mutually. As a part of the...
Ashok Leyland lines up Rs 1,000 crore for electric bus...
- Sep 17, 2023
Ashok Leyland has decided to set up a bus manufacturing plant, focused on electric and alternative fuel vehicles in Uttar Pradesh. Ashok Leyland...
Port Talbot to get 500 mn pounds from UK govt to keep steel...
- Sep 16, 2023
Port Talbot’s steelworks will be given up to 500 million pounds by the UK government in a bid to keep the plant open and produce steel in a greener...
SAT questions SEBI’s credibility in completing ZEEL case...
- Sep 15, 2023
The Securities Appellate Tribunal (SAT) on Thursday questioned market regulator Securities and Exchange Board of India’s (SEBI) credibility on...
Bombay Dyeing to sell 22 acres in Mumbai to Sumitomo’s...
- Sep 14, 2023
Bombay Dyeing & Manufacturing Company on Wednesday said that its board of directors approved the proposal to sell the land parcel of about 22...
CPI inflation for August eases by 6.83%, while IIP for July...
- Sep 13, 2023
The Consumer Price Index (CPI)-based inflation for August came at 6.83 per cent as against a high of 7.44 per cent in July, according to data...
Sensex reclaims 67,000 points, Nifty hits record 20,000,...
- Sep 12, 2023
Benchmark Sensex jumped by 528 points to regain the 67,000 level, while Nifty scaled the record 20,000 mark for the first time on Monday. Robust...
Big breakthrough at G20 Summit: New Delhi Declaration...
- Sep 11, 2023
The New Delhi Leaders’ Summit Declaration was adopted on Saturday in a massive breakthrough as members of the G20 arrived at a “100 per cent...
PM Modi announces India-Middle East-Europe mega economic...
- Sep 10, 2023
Prime Minister Narendra Modi on Saturday announced launch of India-Middle East-Europe mega economic corridor. The project includes India, the UAE,...
Incremental Cash Reserve Ratio to be discontinued in a...
- Sep 09, 2023
Reserve Bank of India (RBI) on Friday 8 said it had decided to discontinue the Incremental Cash Reserve Ratio (I-CRR) in a phased manner. “On...
Overheating of small-cap stocks brings fears of a downturn...
- Sep 08, 2023
A rally in Indian equities that has swelled the market’s total valuation by $775 billion in a little more than five months has been accompanied by...
Ind-Swift Labs to sell API & CRAMS businesses to IndiaRF...
- Sep 07, 2023
Drug firm Ind-Swift Laboratories on Wednesday said that its board had approved to sell active pharmaceutical ingredients (APIs) and contract research...
Jio Financial Services set to be taken off Nifty 50, other...
- Sep 06, 2023
Jio Financial Services is slated to be removed from the Nifty 50 and other key indices of the National Stock Exchange (NSE), effective September...
SpiceJet allots 4.8 crore shares to nine lessors to clear...
- Sep 05, 2023
Low-cost carrier SpiceJet on Monday said that it had allotted over 4.8 crore shares to nine aircraft lessors to clear outstanding dues worth Rs 231...
Input tax credit on items bought for distribution to...
- Sep 04, 2023
Businesses can claim input tax credit on items, like gold coins and white goods, procured for distribution to dealers upon achieving pre-specified...
Uday Kotak quits as MD and CEO of Kotak Mahindra Bank
- Sep 03, 2023
Uday Kotak, who founded and leads Kotak Mahindra Bank, has resigned as managing director and chief executive four months before his term was set to...
SRAM and MRAM partners with GFPS for semiconductor project...
- Sep 03, 2023
In a significant development for the semiconductor industry, SRAM and MRAM has announced its partnership with the Global Forum for Policy and...
New orders drive manufacturing to fastest three-month...
- Sep 02, 2023
Manufacturing sector experienced its fastest growth in three months in August, propelled by robust increases in new orders and production, as...
BigBloc Construction’s majority promoters’ group...
- Sep 02, 2023
A majority of the promoters’ group and its entities of BigBloc Construction, one of India’s largest manufacturers of aerated autoclaved concrete...
Real GDP expands by 7.8% in Q1 of FY24, nominal GDP grows...
- Sep 01, 2023
India’s Gross Domestic Product (GDP) clocked a growth rate of 7.8 per cent in the April-June quarter of FY24 compared with 13.1 per cent in the...
Chandrayaan-3’s success makes India a space power and...
- Aug 31, 2023
On August 23, at a little past 6 pm Vikram, the lander of Chandrayaan-3, landed on the moon’s South Pole. The success of Chandrayaan-3 is one of...
India poised for driest August in 100 years as El Nino...
- Aug 30, 2023
India is poised to experience the driest August since 1901 which, senior meteorologists say, is a clear result of intensifying El Nino conditions....
Reliance sets Sept 19 Ganesh Chaturthi muhurat for 5G home...
- Aug 29, 2023
Reliance Jio would launch its 5G home broadband service, JioAirFiber, on September 19, RIL Chairman Mukesh Ambani said on Monday as he also outlined...
FDI inflow into India dips by 34% to $10.94 billion in Q1...
- Aug 28, 2023
Foreign direct investment (FDI) into India declined by 34 per cent to $10.94 billion during April-June 2023-24, dragged by lower inflows in computer...
No silver bullet for green transition, need government...
- Aug 27, 2023
There was “no silver bullet” for green transition in hard-to-abate sectors, including steel, Tata Steel global CEO and MD T V Narendran said on...
Indore smartest city, Madhya Pradesh tops States in smart...
- Aug 26, 2023
Indore on Friday bagged the best National Smart City Award, followed by Surat and Agra. The Central government announced the India Smart Cities...
Meta Platforms all set to release AI model to write...
- Aug 25, 2023
Meta Platforms on Thursday said that it would release an artificial intelligence (AI) model designed to assist in writing computer code, furthering...
CHANDRAYAAN 3: Vikram lander sets foot on south pole of the...
- Aug 24, 2023
Chandrayaan 3’s Vikram lander successfully touched down on the moon’s south pole on Wednesday evening, sparking jubilation across the country....
Over 1,100 exhibitors, 15,000 visitors expected at Bangkok...
- Aug 24, 2023
Thailand’s Department of International Trade Promotion (DITP) and the Gem and Jewelry Institute of Thailand (GIT) conducted a roadshow in Jaipur...
El Nino, India’s export ban send global rice prices...
- Aug 23, 2023
Prices for rice grown in Kenya soared a while ago because of higher fertiliser prices and a years-long drought in the Horn of Africa that has reduced...
RBI pushes banks to settle UAE-India trade payments in...
- Aug 22, 2023
The Reserve Bank of India (RBI) was nudging local banks to ask their clients to settle trade between the United Arab Emirates (UAE) and India using...
Murugappa family members agree to settle disputes, withdraw...
- Aug 21, 2023
The Murugappa family has agreed to settle the disputes between the family branch of the late M V Murugappan (including Valli Arunachalam and Vellachi...
Centre slaps 40% duty on onion exports to tame its surging...
- Aug 20, 2023
The Centre on Saturday imposed a 40 per cent duty on onion exports. The move is aimed at cooling down the price of the kitchen staple, which is 20...
Banks, NBFCs can levy ‘penal charges’ but not ‘penal...
- Aug 19, 2023
The Reserve Bank of India (RBI) has issued fresh guidelines to regulated entities (REs) such as commercial and other banks, NBFCs and other lenders...
Darjeeling tea industry a “patient in ICU & on death...
- Aug 18, 2023
Darjeeling tea industry was a “patient in ICU” and virtually on its death bed, Indian Tea Exporters' Association (ITEA) Chairman Anshuman Kanoria...
Union Cabinet’s nod for Rs 32,000-crore projects of...
- Aug 17, 2023
The Union Cabinet, presided over by Prime Minister Narendra Modi, has given the green light to seven multi-tracking projects, marking an investment...
Foxconn’s Hyderabad facility to make Apple AirPods by...
- Aug 16, 2023
iPhone maker Apple will start manufacturing its wireless ear buds, AirPods, at Foxconn’s Hyderabad factory, according to sources. Foxconn has...
July retail inflation jumps to 15-month high at 7.44%,...
- Aug 15, 2023
Retail inflation spiked to a 15-month high of 7.44 per cent in July as tomatoes, vegetables and other food items turned costlier, overshooting...
Deloitte had urged for independent probe of Hindenburg’s...
- Aug 14, 2023
Before resigning as an auditor of an Adani Group firm, Deloitte had sought an independent external examination of allegations made by a US...
Alphabet’s $118-bn cash pile is a problem of plenty for...
- Aug 13, 2023
Alphabet is facing a new and, by most accounts, welcome problem –how to spend its rapidly-expanding pile of cash. The Google owner generated...
Cressanda Solutions on-boards four new directors to...
- Aug 13, 2023
Cressanda Solutions, a prominent Indian company founded in 1985 and publicly listed on BSE, specialises in delivering cutting-edge information...
Zerodha gets SEBI’s approval to start mutual fund, Vishal...
- Aug 12, 2023
Brokerage firm Zerodha has received in-principle approval from the SEBI to launch its asset management company (AMC). “We just received the...
Uttar Pradesh’s EV Roundtable Conference sparks interest...
- Aug 12, 2023
An EV Roundtable Conference – a premier gathering of ministers of Uttar Pradesh, senior officers and industry leaders – took place in Lucknow on...
RBI keeps Repo Rate unchanged at 6.5% once again, concerned...
- Aug 11, 2023
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that the central bank’s Monetary Policy Committee (MPC) decided to keep the...
Hester Biosciences’ consolidated net profit for Q1 of...
- Aug 11, 2023
Hester Biosciences, one of India’s leading animal health companies manufacturing vaccines and health products, has reported consolidated net profit...
SEBI halves IPO listing time to 3 days, benefiting both...
- Aug 10, 2023
Capital markets regulator SEBI on Wednesday halved the timeline for listing of shares on stock exchanges after the closure of initial public offers...
BofA sees Nifty soaring to 20,500 points by December 2023
- Aug 09, 2023
BofA Securities has revised its Nifty target for December 2023 to 20,500 from of 18,000, following a shift in perspective from expecting a mild...
Lok Sabha passes data protection Bill, Opposition walks...
- Aug 08, 2023
Amid protests, the Lok Sabha on Monday passed the Digital Personal Data Protection (DPDP) Bill, 2023, with a voice vote, bringing India a step closer...
PM Modi lays foundation stone for redevelopment of 508...
- Aug 07, 2023
Prime Minister Narendra Modi on Sunday laid the foundation stone for redevelopment of 508 railway stations across the country virtually. The...
Maruti targets to double production capacity to 40 lakh...
- Aug 06, 2023
Maruti Suzuki India planned to double its production capacity to 40 lakh units in nine years, said Chairman R C Bhargava on Saturday. Mr Bhargava...
Job addition grows at slow pace, but US labour market still...
- Aug 05, 2023
The US economy added fewer jobs than expected in July, but solid wage gains and a decline in unemployment rate back to 3.5 per cent pointed to...
Government puts import curbs on laptops, computers;...
- Aug 04, 2023
The government on Thursday imposed import restrictions on laptops, tablets and certain types of computers with immediate effect for security reasons...
Fitch downgrades US credit rating to AA+; US government...
- Aug 03, 2023
Rating agency Fitch on Wednesday downgraded the US government’s top credit rating. The move drew an angry response from the White House and...
Wockhardt to restructure US operations, ties up with Serum...
- Aug 03, 2023
Wockhardt, a global pharmaceutical and biotechnology company, is aiming to turn around its business operations and has perused important strategic...
Market upbeat amid stable economy and robust foreign...
- Aug 02, 2023
The stock market is on fire. The BSE Sensex and the NSE Nifty have hit multiple highs in the past few months. The benchmark indices closed at their...
Eight-segment core sector growth in June 2023 slows down...
- Aug 01, 2023
Growth of eight key infrastructure sectors slowed down to 8.2 per cent in June 2023 compared to the year-ago month due to a decline in production of...
Banks ready to account for only 33% of emissions via...
- Jul 31, 2023
Banks working to develop global standards on accounting for carbon emissions in bond or stock sale underwriting have voted to exclude most of these...
Govt mulls expanding Semiconductor DLI scheme to big...
- Jul 30, 2023
Aiming to make India self-reliant in chips, the government was looking to expand the Semiconductor Design-Linked Incentive (DLI) scheme to bigger...
SEBI mulls linking retail investors’ wealth to their...
- Jul 29, 2023
Market regulator SEBI is set to propose linking the amount of equity derivatives retail investors may trade to their wealth, two people with direct...
FM hints at govt launching PLI for chemicals &...
- Jul 28, 2023
The government would consider introducing Production-Linked Incentive (PLI) scheme for chemicals and petrochemicals to encourage domestic...
MRPL becomes the largest PSU refinery at a single location
- Jul 27, 2023
Mangalore Refinery and Petrochemicals (MRPL), a subsidiary of ONGC, has become the largest PSU refinery at a single location in India for 2022-23....
Global rice prices set to spike after India’s ban on...
- Jul 26, 2023
Prices of rice are set to surge after top exporter India banned a large chunk of shipments recently. India’s rice ban adds to the stress on global...
ITC plans hive-off of its hotel business, to own 40% in...
- Jul 25, 2023
ITC said on Monday that it would spin off its hotel business, separating it from its cigarettes and food units, sending shares 4 per cent lower on...
Bain Capital to acquire 90% of Adani Capital and Adani...
- Jul 24, 2023
US-based investment firm Bain Capital said on Sunday that it had entered into an agreement to acquire 90 per cent of Adani Capital and Adani Housing,...
EssilorLuxottica dragged to court for inflating Ray-Ban...
- Jul 23, 2023
The French-Italian owner of Ray-Ban and Oakley eyewear brands was sued for allegedly scheming with competitors to inflate prices by as much as 1,000...
Go First gets DGCA’s nod to restart flights after meeting...
- Jul 22, 2023
The Directorate General of Civil Aviation (DGCA) on Friday approved Go Airlines’ plan to resume operations if it could meet certain conditions. The...
Air India finalises deal with CFM International for 800...
- Jul 21, 2023
Air India has finalised an order for over 800 CFM International LEAP-series engines to power its incoming fleet of 210 Airbus A320neo/A321neos and...
G20 finance ministers’ meet vows to address debt...
- Jul 20, 2023
The third meeting of G20 Finance Ministers and Central Bank Governors in Gujarat’s Gandhinagar ended on Tuesday without a consensus on the...
PSBs in real danger of privatisation despite playing vital...
- Jul 19, 2023
All India Bank Officers’ Confederation (AIBOC), the apex body of bank officers in the country, on Tuesday said State-run lenders were in “real...
Sheela Foam snaps up Kurlon for Rs 2,035 crore, buys House...
- Jul 18, 2023
Sheela Foam, the maker of mattress brand Sleepwell, on Monday said it would acquire a 94.66 per cent stake in Kurlon Enterprises (KEL) for Rs 2,035...
PFC chairperson Parminder Chopra presented Icon of the Year...
- Jul 18, 2023
Parminder Chopra, the director (finance) and CMD (additional charge) of Power Finance Corporation (PFC), has been awarded the prestigious Icon...
Xiaomi eyes retail stores to boost sales and regain Indian...
- Jul 17, 2023
China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president has said. The...
PNB MetLife clocks over 99% claims settlement ratio in FY23
- Jul 16, 2023
PNB MetLife on Saturday said it had achieved a claim settlement ratio of 99.06 per cent and 99.70 per cent for individual and group customers’...
IMF chief calls for joint action against slowing growth,...
- Jul 15, 2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva has said that the world will be looking for joint action to address rising...
China’s June exports plunge by 12.4%; post-COVID recovery...
- Jul 14, 2023
China’s exports fell last month at their fastest pace since the onset of the COVID-19 pandemic three years ago as an ailing global economy put...
Manufacturing, mining push industrial production up by 5.2%...
- Jul 13, 2023
Industrial output rose by 5.2 per cent year-on-year in May, data from the Ministry of Statistics showed on Wednesday. Manufacturing, which...
Horse racing, casinos and online gaming set to attract 28%...
- Jul 12, 2023
Group of Ministers (GoM) decided to levy a 28 per cent Goods and Services Tax (GST) on the full value of online gaming, horse racing and casinos with...
Costly vegetables may upset inflation calculation, pushing...
- Jul 11, 2023
A steeper-than-expected surge in prices of vegetables, especially tomatoes, over the past few weeks could push India’s retail inflation towards 5.5...
Delhi HC rejects PepsiCo’s plea against order scrapping...
- Jul 10, 2023
The Delhi High Court recently rejected PepsiCo’s appeal against an order that had revoked a patent for a potato variety grown exclusively for the...
Supreme Court orders SpiceJet to pay Maran in...
- Jul 08, 2023
In a jolt to low-cost airline SpiceJet, the Supreme Court on Friday refused to extend the time for making payment to media baron Kalanidhi Maran and...
Time for submitting PAN-linked bank a/c details likely to...
- Jul 07, 2023
The GST Council is likely to reduce the time for submission of PAN-linked bank account details of a person seeking registration with tax authorities...
Tridhya SME IPO subscribed by over 72 times, issue price...
- Jul 07, 2023
Initial public offer (IPO) of Ahmedabad-based software development company, Tridhya Tech, was subscribed by over 72 times, the company has said in a...
Prime Minister Modi’s State visit adds depth to Indo-US...
- Jul 06, 2023
Prime Minister Narendra Modi’s recent State visit to the US brought the two nations closer to each other than ever before. Mr Modi’s three-day...
RBI rejects applications of three entities for small...
- Jul 05, 2023
The Reserve Bank of India (RBI) has rejected three applications, including that of West End Housing Finance, for setting up small finance banks....
Board of directors of IDFC First Bank agrees for its merger...
- Jul 04, 2023
The board of directors of IDFC First Bank on Monday approved the Scheme of Amalgamation of IDFC with IDFC First Bank.The merger will take place with...
Fast repricing of loans aids banks’ NIM to rise to 3.3%...
- Jul 03, 2023
Banks’ net interest margin (NIM), a key profitability gauge, grew by 46 basis points to 3.3 per cent in the January-March quarter, driven by slower...
Net profit of PSBs’ nearly triples to Rs 1.04 l cr in...
- Jul 02, 2023
Finance Minister Nirmala Sitharaman on Saturday said that public sector banks’ (PSBs) profit in the last nine years tripled to Rs 1.04 lakh crore...
India set to import 35% more tur at 12 lakh tonnes to check...
- Jul 01, 2023
Facing a sharp rise in tur prices amid lower production, India will import 12 lakh tonnes of the pulse in the current financial year, up by...
GST@6: Rs 1.5 l cr revenue new normal & many challenges...
- Jun 30, 2023
Six years after rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become...
Banks’ net NPAs fall to a decade low of 3.9%, reveals...
- Jun 29, 2023
Scheduled commercial banks’ (SCBs) net non-performing assets (NPA) ratio fell to a 10-year low of 3.9 per cent in March 2023, the Reserve Bank of...
CAD for Q4 of FY23 falls to 0.2% of GDP, aided by lower...
- Jun 28, 2023
India’s current account deficit (CAD) narrowed to $1.3 billion or 0.2 per cent of GDP in the January-March quarter of FY23, mainly due to...
Tomato scores over a century in retail markets as delayed...
- Jun 27, 2023
Prices of tomatoes have surged up between Rs 80 and Rs 120 per kg in the retail market, while wholesale prices have gone up to Rs 65 to Rs 70 per kg....
Uttar Pradesh government approves Rs 36-l-cr investment...
- Jun 26, 2023
The Uttar Pradesh government had approved investment proposals worth about Rs 36 lakh crore that had emerged out of a memorandum of understanding...
World Bank’s $255.5-million loan to improve technical...
- Jun 25, 2023
The World Bank has approved a $255.5-million loan for improving the quality of technical education in government-run institutions in India. Over the...
Personal consumption, investments losing steam due to high...
- Jun 24, 2023
Inflation was slowing down personal consumption expenditure, which in turn was moderating corporate sales and holding back private investment in...
GE-HAL deal paves the way for joint production of jet...
- Jun 23, 2023
In a landmark announcement, GE Aerospace on Thursday said that it had inked a pact with Hindustan Aeronautics (HAL) to jointly produce fighter jet...
FTC files suit against Amazon, alleging e-tailer of duping...
- Jun 22, 2023
The US Federal Trade Commission (FTC) filed suit against Amazon.com on Wednesday, accusing the retailer of enrolling millions of consumers into its...
Union Cabinet gives nod for Micron Technology’s...
- Jun 21, 2023
The Union Cabinet approved US chipmaker Micron Technology’s $2.7-billion plan for a new semiconductor testing and packaging unit, a senior...
IndiGo seals largest-ever aircraft deal with Airbus for 500...
- Jun 20, 2023
Budget carrier IndiGo on Monday announced placing a firm order for 500 narrow-body planes with Airbus. This is the largest-ever aircraft order...
Govt may kick off NSL’s selloff after commissioning its...
- Jun 19, 2023
The government is likely to invite financial bids for privatising NMDC Steel (NSL) only after commissioning of the blast furnace at the company’s...
Russian oil may account for 30% of Indian imports by FY24:...
- Jun 18, 2023
Russia may account for almost a third of India’s oil imports by the end of the current financial year, Arun Kumar Singh, the chairman and CEO Oil...
Late monsoon set to see spike in FY24 inflation, warns...
- Jun 17, 2023
A German brokerage on Friday warned that with the delayed monsoon, there was no scope for complacency on inflation even though official data for May...
Import clearance time drops by 11% for air cargo complexes,...
- Jun 16, 2023
Average time taken for Customs clearance of imports has dropped by 11 per cent at air cargo complexes and 9 per cent across seaports, a Central Board...
IEA flags China risk to crude oil and products as its spare...
- Jun 15, 2023
China is both the biggest driver of future demand for crude oil and the biggest risk to global refining as it will continue to hold much of the...
Two-decade-old, mega hydro-project Subansiri Lower set to...
- Jun 14, 2023
India is close to starting a mega hydropower project that has been in the works for 20 years, a key step in the country’s energy...
As food prices drop, retail inflation hits 25-month low of...
- Jun 13, 2023
Consumer Price Index (CPI)-based inflation cooled to a 25-month low of 4.25 per cent in May as food price rises slowed further, drawing closer to the...
Moody’s sees India’s Q1 FY24 GDP growth at 6%, flags...
- Jun 12, 2023
Moody’s on Sunday said that the Indian economy was expected to clock 6-6.3 per cent growth in June quarter. The rating agency also flagged risks of...
India tops global digital payments ranking with 89.5 mn...
- Jun 11, 2023
India has emerged as the frontrunner in digital payments, surpassing four other countries, with a staggering 89.5 million digital transactions...
Top Xiaomi executives, 3 foreign banks get ED notices for...
- Jun 10, 2023
The Enforcement Directorate (ED) on Friday said it had issued show-cause notices to Chinese mobile manufacturer Xiaomi, its Chief Financial Officer...
RBI maintains status quo for the second time as CPI...
- Jun 09, 2023
The Reserve Bank of India (RBI) on Thursday opted for a pause for the second time in a row, maintaining key benchmark policy rate at 6.5 per cent as...
Ramesh Chand calls for focus on manufacturing to transform...
- Jun 08, 2023
India did not consist of binary rural and urban areas anymore, and the country needed to look at taking manufacturing to its villages to fill the...
RBI’s nod for banks to offer NDF contracts to resident...
- Jun 07, 2023
The Reserve Bank of India (RBI) has issued rules allowing banks to offer non-deliverable forward (NDF) contracts involving the rupee to resident...
Twitter’s US ad sales drop by 59% amid spurt in hate...
- Jun 06, 2023
Elon Musk had recently said that Twitter’s advertising business was on the upswing. “Almost all advertisers have come back,” he had asserted,...
Bankers, experts expect RBI to pause rate hike as inflation...
- Jun 05, 2023
The Reserve Bank of India (RBI) will maintain the policy Repo Rate at 6.5 per cent during its upcoming June 8 announcement, anticipate experts. They...
PM Modi’s nine years transform India in amazing ways amid...
- Jun 03, 2023
Prime Minister Narendra Modi’s government completed nine years in power last month. The nine years of Mr Modi’s BJP-led NDA government have...
Aditya Birla Group to pour Rs 1,250 crore into Aditya Birla...
- Jun 02, 2023
Aditya Birla Group is set to pump in Rs 1,250 crore into its financial services arm Aditya Birla Capital (ABCL). The board of ABCL, which is into...
GDP grows by 7.2% in FY23, powered by agriculture,...
- Jun 01, 2023
The Indian economy grew by 6.1 per cent in the January-March quarter of 2022-23, pushing annual growth rate to 7.2 per cent. The good show in the...
RBI’s digital currency pilot project to be expanded to...
- May 31, 2023
The RBI has said that the Central Bank Digital Currency (CBDC) pilot is being expanded to include more banks. The first pilot in the Digital...
Net-zero emission in mind, ONGC lines up Rs 1 lakh crore by...
- May 30, 2023
ONGC would invest Rs 1 lakh crore by 2030 on energy transition projects as it targeted net-zero carbon emissions by 2038, its chairman Arun Kumar...
384 infrastructure projects suffer cost overrun of Rs 4.66...
- May 29, 2023
Some 384 infrastructure projects were hit by cost overruns in the January-March quarter, while their individual estimated cost was hovering around Rs...
Prime Minister Narendra Modi appeals to States to be...
- May 28, 2023
Prime Minister Narendra Modi urged States to take “financially-prudent decisions” as top Central and State leaders gathered in New Delhi on...
Stuck in time and set against a bleak future, Germany...
- May 27, 2023
Germany’s Gross Domestic Product (GDP) contracted by 0.3 per cent for the January-March 2023 quarter when adjusted for price and calendar effects,...
About 3,600 IT workers lose jobs, thanks to global...
- May 26, 2023
Nearly 6 per cent of outsourced contract workers have lost jobs in India’s information technology (IT) sector in the January-March period compared...
Narayana Murthy’s Catamaran to double investments to $2...
- May 25, 2023
The money manager of billionaire Infosys founder Narayana Murthy will hire professionals and double its $1 billion in investments in the next five...
European Commission pleads court to get Apple to pay $14.3...
- May 24, 2023
EU competition regulators appealed to the bloc’s highest court on Tuesday to override a lower tribunal and make Apple pay a record 13 billion euros...
NCLAT upholds Go Air’s bankruptcy, leaving aircraft...
- May 23, 2023
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld insolvency proceedings against cash-strapped airline, Go First, in what seems to...
Post-Rs 2,000 note scrap plan, jewellers get more enquiries...
- May 22, 2023
Jewellers in India, the world’s second-largest gold consuming country after China, have started receiving more enquiries for purchase of gold or...
SEBI moots slashing time for listing of shares from six to...
- May 21, 2023
Capital markets regulator SEBI has proposed to reduce time taken for listing of shares on stock exchanges after closure of initial public offers...
Rs 2,000 banknotes to be withdrawn, can be exchanged by...
- May 20, 2023
The Reserve Bank of India (RBI) has decided to withdraw Rs 2,000 denomination banknotes from circulation and asked people to exchange or deposit them...
China’s unforgiving loan terms driving poor countries...
- May 19, 2023
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much...
Hinduja Group patriarch S P Hinduja passes away at 87 in...
- May 18, 2023
S P Hinduja, 87, the eldest of four Hinduja brothers and Hinduja Group chairman, died in London on Wednesday. He was unwell for some time, said the...
Banks seek more time from RBI for new loan provisioning...
- May 17, 2023
Banks have requested the RBI for one more year to implement the system of Expected Credit Loss (ECL) for provisioning of loans. At present, banks set...
Russia very keen on having more trade with India in local...
- May 16, 2023
India and Russia have been settling some of their non-oil trade in rupees since the beginning of this year, a top official of State-run lender UCO...
ONGC cancels bids for Daman gas project, citing high quotes
- May 15, 2023
State-owned Oil and Natural Gas Corporation (ONGC) has cancelled bids received for its Daman upside gas development project off the western coast due...
As US inflation slows down, Federal Reserve likely to pause...
- May 14, 2023
US inflation has showed more signs of moderating in April, giving the Federal Reserve room to pause interest rate increases soon.Key drivers of...
April CPI slides to 4.7% as food inflation eases; IIP...
- May 13, 2023
Consumer Price Index (CPI)-based inflation fell to 4.7 per cent in April, data from the Ministry of Statistics and Programme Implementation (MoSPI)...
