Mahindra Auto Dec 2022 sales grow by 45 pc
Jan 02, 2023, at 10:24 pm
Mumbai: Auto major, Mahindra & Mahindra (M&M ) on Monday reported a rise of 45 per cent in its overall auto sales for the month of December 2022 at 56,677 vehicles as compared with 39157 vehicles sold in December 2021.
MG Motor India reports retail sales of 3899 units in December
Jan 02, 2023, at 01:53 am
Gurugram: Automobile giant MG Motor said its retail sales for the month of December 2022 were recorded at 3899 units, which is a 53% growth over the corresponding figures for December 2021.
Toyota Kirloskar Motor clocks highest calendar year wholesales in the last 10 years
Jan 02, 2023, at 01:52 am
Bangalore: Toyota Kirloskar Motor on Sunday announced its total wholesales for the calendar year (CY) 2022 at 160,357 units, thereby making it the highest wholesales in the last 10 years.
Tata Motors registered total sales of 2,28,169 units in Q3FY23
Jan 02, 2023, at 01:50 am
Mumbai: Automobile major Tata Motors Limited on Sunday announced its sales in the domestic and international market, for Q3FY23, which stood at 2,28,169 units, compared to 1,99,634 units during Q3FY22.
Gross GST collection in December up 15 pc YoY
Jan 01, 2023, at 11:23 pm
New Delhi: The gross GST collection registered an increase of 15 per cent year-on-year (YoY) to Rs 1,49,507 crore in December 2022, government data released on Sunday showed.
We are receiving the highest ever FDI flows in our history: S Jaishankar
Dec 31, 2022, at 03:38 pm
Nicosia: India's External Affairs Minister S Jaishankar, who is on a visit to Cyprus, on Friday said reforms measures taken by Prime Minister Narendra Modi-led government during the peak of the COVID pandemic have resulted in the highest-ever FDI flows in the country’s history.
Govt extends policy to import refined palm oil at lower duty
Dec 31, 2022, at 05:43 am
New Delhi: The Centre Thursday said it extended a policy, which was due to expire on Dec 30, to import refined palm oil at a lower duty "until further orders”.
Bandhan Bank sells bad loans worth Rs 8,897 cr to ARC
Dec 31, 2022, at 05:13 am
Mumbai/IBNS: Bandhan Bank on Friday announced the sale of its stressed loans, worth Rs 8,897 crore, to an asset reconstruction company (ARC) for Rs 801 crore.
Agri and processed food products export up by 16pc to $17.43 billion in Apr-Nov FY23
Dec 31, 2022, at 04:49 am
New Delhi/IBNS: The exports of agricultural and processed food products rose by 16 percent to $17.43 billion in the April-November period of the current FY23 in comparison to the same period last fiscal, as per government data released on Friday.
Indian govt likely to consider JVs with Chinese firms to help global firms produce in India
Dec 31, 2022, at 04:06 am
New Delhi/IBNS: The government may consider reviewing Chinese investments in India to facilitate multinational companies shift their manufacturing operations to India, CNBC TV18 reported.
Tata Sons chairman N Chandrasekaran to head Maharashtra's new economic advisory body
Dec 31, 2022, at 03:00 am
Mumbai/IBNS: Tata Sons chairman N Chandrasekaran will lead the new Economic Advisory Council of Maharashtra, the state government said on Thursday.
India's forex reserves contract to $562.81 billion from $563.49 billion
Dec 31, 2022, at 02:57 am
Mumbai/IBNS: India’s forex reserve contracted for the second consecutive week to $562.81 billion as on December 23, 2022, from $563.499 billion owing to the sharp rise in the cost of imported goods, Reserve Bank of India (RBI) said on Friday.
Centre's fiscal deficit touches 59 pc of full-year target in Nov end
Dec 31, 2022, at 02:24 am
New Delhi/IBNS: Centre’s fiscal deficit at the end of November touched 59 percent of the full-year budget target, showed the data released by the Controller General of Accounts (CGA) on Friday.
RBI working on alternate solutions for Indian banks hit by ESMA regulations
Dec 31, 2022, at 01:19 am
Mumbai: The Reserve Bank of India (RBI) is working on alternate solutions if the European markets’ regulator withdraws recognition of the Indian central bank’s counterparties.
Centre raises interest rates on Post Office deposits, provident fund rates unchanged
Dec 31, 2022, at 12:42 am
New Delhi/IBNS: Centre raised the interest rates on a bouquet of small-term deposits on Friday.
Combined Index of Eight Core Industries increases by 5.4 per cent
Dec 30, 2022, at 11:25 pm
New Delhi: The combined Index of Eight Core Industries increased by 5.4 per cent (provisional) in November 2022 as compared to the Index of November 2021, government data released on Friday revealed.
Dec 30, 2022, at 07:13 pm
Bengaluru/IBNS: Bridgestone India, part of tyre-maker Bridgestone Group, has partnered with Blume Ventures to leverage the start-up eco-system of India in the mobility solutions space.
ICICI Prudential Life Insurance Company’s AUM crosses Rs 2.5 lakh cr
Dec 30, 2022, at 07:05 pm
ICICI Prudential Life Insurance Company has crossed 2.5 lakh crore in Assets under Management (AUM), the company said Thursday.
Dec 30, 2022, at 06:57 pm
Mumbai/IBNS: The Reserve Bank of India (RBI) expressed concern over the increase in subsidies announced by the states underscoring the adverse impact on their financial health.
Reliance Consumer Products to acquire Lotus Chocolate Company
Dec 30, 2022, at 06:32 pm
Mumbai/UNI: Reliance Consumer Products Limited (RCPL), a wholly owned subsidiary of Reliance Retail Ventures Limited (RRVL), will acquire 51 percent controlling stake in Lotus Chocolate Company (Lotus) for Rs 74 crore and also make an open offer to acquire upto 26 percent.
Mukesh Ambani's youngest son Anant gets engaged to Radhika Merchant, wedding announcement soon
Dec 30, 2022, at 02:19 am
Mumbai/IBNS: Billionaire industrialist Mukesh Ambani and his wife Nita's youngest son Anant Ambani got engaged to Radhika Merchant, the daughter of Viren and Shaila Merchant on Wednesday, in the presence of close family and friends.
Banks' balance sheet jumps in double digits after 7 years, says RBI report
Dec 29, 2022, at 03:02 am
Mumbai/IBNS: The balance sheet of Indian banks continued to improve in the financial year 2021-22 showing a double-digit growth after a span of seven years, the Reserve Bank of India (RBI) said in its annual report on the trend and progress of banking in India.
More FDI in services than manufacturing despite Centre's Make-in-India push
Dec 28, 2022, at 11:05 pm
New Delhi/UNI: Foreign direct investment (FDI) into India's services sector rose to US$ 153.01 bln in the April 2014 to March 2022 period from US$ 80.51 bln during April 2000 to March 2014, rating firm India Ratings and Research (Ind-Ra) said in a report on Wednesday.
Airtel 5G Plus now live in Jammu, Srinagar: Official
Dec 28, 2022, at 07:55 pm
Jammu/UNI: Bharti Airtel, India's one of the leading telecommunications services providers, on Wednesday announced the launch of its cutting edge 5G services in Jammu and Srinagar.
Pvt banks top PSBs in total credit share
Dec 28, 2022, at 06:25 pm
New Delhi/IBNS: The private banks in the country have disbursed more credit than their state-owned peers in the second quarter ended September 2022, increasing their share to 38.4 percent from 37.5 a year ago, according to an RBI report.
IT ministry appointed nodal agency for online gaming in India
Dec 28, 2022, at 06:04 pm
New Delhi/IBNS: The Ministry of Electronics and Information Technology (MeitY) has been appointed as the nodal ministry for online gaming in India while the Department of Sports, under the Ministry of Youth Affairs and Sports (MYAS) has been notified as the nodal agency for e-sports.
CIL's coal quality till Nov 2022 goes up to 69 pc in FY23
Dec 28, 2022, at 06:47 am
New Delhi/IBNS: There has been substantial improvement in conformity to the declared grade of coal supply from Coal India Ltd (CIL) sources with grade conformity jumping to 69 percent as of November 22 this fiscal, the ministry of coal said Tuesday.
Dec 28, 2022, at 06:37 am
New Delhi/IBNS: The Union power ministry signed a Memorandum of Understanding (MoU) with the Defence Research and Development Organization (DRDO) on Tuesday for the implementation of an Early Warning System (EWS) for vulnerable hydropower projects.
Dec 28, 2022, at 06:21 am
New Delhi/IBNS: The Indian government and Asian Development Bank (ADB) Tuesday signed a $125 million loan to develop climate-resilient sewage collection and treatment, and drainage and water supply systems in three cities in Tamil Nadu.
Total govt debt widens to Rs 147.19 lakh crore in Q2FY23
Dec 28, 2022, at 03:46 am
New Delhi/IBNS: The government’s total liabilities widened to Rs 147.19 lakh crore at the September-end from Rs 145.72 lakh crore at the end of June this financial year, according to the latest finance ministry data.