RBI MPC keeps repo rate unchanged, raises FY24 growth forecast to 7%; Industry reacts
Dec 09, 2023, at 03:37 am
Mumbai: The Reserve Bank of India's Monetary Policy Committee (RBI MPC) kept the repo rate unchanged at 6.5 percent for the fifth time in a row on Friday, thus maintaining the status quo.
Indian Market: Sensex at all time high at 69,826.07 pts
Dec 08, 2023, at 10:24 pm
Mumbai: The BSE Sensex on Friday ended an all-time high at 69,826.07, surging 304.33 pts in the strength of Technology, Bankex and IT stocks.
SoftBank to divest stake in Zomato via block deal
Dec 08, 2023, at 09:37 pm
Mumbai: Japanese investment holding firm SoftBank is aiming to divest a 1.1% share in the Indian food delivery service Zomato through a block deal valued at 11.28 billion rupees ($135.36 million), as per sources cited by CNBC-TV18 on Thursday.
Dec 08, 2023, at 09:28 pm
Kolkata: Leading motorcycle manufacturer Royal Enfield on Friday said it has witnessed a 'robust growth' in the East region, accounting for 27% of overall motorcycle sales for the brand in the past year.
DPIIT showcases India's logistics reforms and initiatives in meeting with World Bank Team
Dec 08, 2023, at 09:26 pm
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) showcased the various projects and initiatives it is undertaking to improve India’s logistics efficiency to the World Bank Team.
RBI raises UPI transaction limit for hospitals, educational institutions to Rs. 5 lakh
Dec 08, 2023, at 05:44 pm
New Delhi/IBNS/UNI: In a significant step, the Reserve Bank of India (RBI) on Friday announced the raise of the Unified Payments Interface (UPI) transaction limit for hospitals and educational institutions to Rs. 5 lakh, media reports said.
Dec 08, 2023, at 07:05 am
New Delhi: Regional Connectivity Scheme (RCS)-UDAN has enhanced regional air connectivity by connecting previously unserved and underserved airports in remote areas of the country.
Top banks ask fintech partners to limit small ticket loans
Dec 08, 2023, at 06:31 am
Mumbai: Leading banks and non-banking financial institutions in India have reportedly asked their fintech partners to limit the issuance of small personal loans, as disclosed by three banking sources and one industry insider on Thursday, Reuters reported.
Institutional investors oversubscribe IRCON International's OFS, bids surpass Rs 2,400 cr
Dec 08, 2023, at 04:59 am
Mumbai: Institutional investors have oversubscribed the government's offer to sell an 8% stake in government-owned IRCON International, with bids exceeding Rs 2,400 crore on Thursday.
Dec 08, 2023, at 03:16 am
New Delhi/UNI: Painting a rosy picture of the economy and stating that the Indian economy remains the fastest-growing economy in the world, Finance Minister Nirmala Sitharaman on Thursday said that all sectors of the economy are performing well.
SAIL chief Soma Mondal among World's Most Powerful Women in Forbe's 2023 list
Dec 07, 2023, at 09:37 am
New Delhi: Soma Mondal, the first female chair of the state-run Steel Authority of India (SAIL), has taken the 70th position in Forbes' 2023 list of the World's Most Powerful Women.
Airline sector expected to earn net profit of $25.7 billion in 2024
Dec 07, 2023, at 09:28 am
The airline sector is expected to achieve a net profit of $25.7 billion in 2024, reflecting a return to more typical growth in both passenger and cargo segments, the International Air Transport Association (IATA) on Wednesday said.
Govt seeks Parliament's approval for additional spending of Rs 1.29 trillion in FY24
Dec 07, 2023, at 09:25 am
New Delhi: The government on Wednesday sought Parliament's approval for an additional spending of Rs 1.29 trillion in the fiscal year 2024.
4 Indian women, including Finance Minister Sitharaman, rank in Forbes' top influential list
Dec 07, 2023, at 09:19 am
New Delhi: Finance Minister Nirmala Sitharaman has been ranked 32nd in Forbes' list of the world's most influential women, alongside notable women such as US Vice President Kamala Harris and musician Taylor Swift.
Next spectrum auction in Feb 2024 at same reserve prices
Dec 07, 2023, at 06:46 am
New Delhi: The next spectrum auction, scheduled for late February 2024, will maintain the same reserve prices for most bands as in the 2022 auction, Business Standard reported citing the Department of Telecommunications (DoT) officials.
RBI's MPC meeting starts amid anticipations of status quo on key interest rate
Dec 07, 2023, at 06:34 am
Mumbai: As the Reserve Bank of India (RBI) commenced its three-day Monetary Policy Committee (MPC) on Wednesday, expectations are high that the Central bank will adhere to the current state of affairs regarding the repo rate, opting to retain it at 6.5%.
Shree Cement plans to participate in the Centre's lithium mine auction: Report
Dec 07, 2023, at 06:09 am
New Delhi: Shree Cement plans to participate in the bidding process for lithium mining rights, Reuters reported.
Volvo Car India names Jyotsana Singh Kaushik as Director of Marketing & PR
Dec 07, 2023, at 05:01 am
Kolkata/IBNS: Swedish luxury car company Volvo Cars India has appointed Jyotsana Singh Kaushik as Director of Marketing & PR.
Adani Green Energy ranks as 2nd largest global solar PV developer in Mercom Capital's report
Dec 07, 2023, at 03:27 am
Renewable energy solutions company Adani Green Energy Limited (AGEL) has become the second-largest global solar PV developer, according to Mercom Capital Group's latest Annual Global Report.
Adani Group to invest USD 75 billion towards energy transition by 2030
Dec 07, 2023, at 03:10 am
Mumbai: Adani Group Chairman Gautam Adani on Wednesday announced plans to invest USD 75 billion towards energy transition projects by 2030.
Spotlight India: Singapore's investment giant Temasek's top execs on a visit to India
Dec 07, 2023, at 02:41 am
Mumbai: The 11-member board of directors from Temasek is currently on an important visit to India, seen as a global bright spot, Moneycontrol reported.
Kia introduces new K-Charge Initiative featuring 1000+ charging stations in India
Dec 06, 2023, at 10:50 pm
Car maker Kia India unveiled K-Charge — an initiative in the 'MyKia' app that allows users to discover over 1000 EV charging stations nationwide.
Indian Market: Sensex closes at 69,653.73 pts
Dec 06, 2023, at 10:21 pm
Extending rally for the third straight session on Wednesday, the BSE Sensex ended at a new peak at 69,653.73, up 357.59 pts following gains in Power, Utilities, Oil and Gas and IT stocks.
Air India’s IT infrastructure is now cloud-only, historic data centres closed
Dec 06, 2023, at 08:09 am
Gurugram: Tata Group-owned carrier Air India has successfully migrated to cloud-only IT infrastructure, having closed its historic data centres located in Mumbai and New Delhi, an official release said on Tuesday.
RBI cracks whip on peer-to-peer lenders over violation of rules and misselling: Report
Dec 06, 2023, at 07:42 am
Mumbai: The Reserve Bank of India has instructed peer-to-peer lending platforms to halt certain activities after inspections revealed violations of rules and deceptive sales practices, Reuters reported.
CBI searches 13 locations in various cities in UCO Bank's Rs 820 cr IMPS transaction incident
Dec 06, 2023, at 07:00 am
New Delhi: The Central Bureau of Investigation (CBI) has filed an FIR related to IMPS transactions amounting to Rs 820 crore in UCO Bank in November this year.
Dec 06, 2023, at 06:10 am
Kolkata: P.C. Sen Charitable Trust, supported by Senco Gold and Diamonds, inaugurated Prabhat Diagnostics Centre at Rasapunja area in West Bengal’s South 24 Parganas district on Tuesday.
Adani Group completes stake purchase in Sanghi Industries Ltd
Dec 06, 2023, at 05:19 am
Mumbai: Adani Group-owned Ambuja Cements completed the acquisition of Sanghi Industries Ltd (SIL) at a revised offer price of Rs 121.90 per share, ET reported.
Moody's downgrades China's credit rating outlook from 'stable' to 'negative'
Dec 06, 2023, at 03:41 am
Beijing: Ratings agency Moody's on Tuesday revised China's credit rating outlook from "stable" to "negative" due to the increasing debt in the world's second-largest economy.
21,791 fake GST registrations, tax evasion of over Rs 24,000 cr uncovered: Sitharaman
Dec 06, 2023, at 02:28 am
New Delhi: GST officers have identified 21,791 fraudulent GST registrations and uncovered potential tax evasion exceeding Rs 24,000 crore during a two-month-long special drive, Finance Minister Nirmala Sitharaman on Tuesday said.