Vijay Shekhar Sharma reappointed MD & CEO of Paytm
May 22, 2022, at 08:20 pm
Paytm founder Vijay Shekhar Sharma has been reappointed MD and CEO of the fintech company for five years, the company said in informed the exchanges on Saturday.
May 22, 2022, at 08:08 am
Ankiti Bose, who was fired as the CEO of fashion tech company Zilingo on allegations of serious financial irregularities on Friday, said she and her family were receiving constant online threats.
Centre announces reducing excise duty on petrol by Rs. 8 per litre, diesel by Rs. 6
May 22, 2022, at 12:39 am
New Delhi: The Centre on Saturday announced its decision to slash central excise duty on petrol by Rs. 8 per litre and on diesel by Rs. 6 per litre.
Paytm parent reports Rs 2,396 cr loss in FY22; revenue grows 65 pc to Rs 5,264 cr
May 21, 2022, at 05:46 am
One97 Communications which owns the digital payments brand Paytm posted a consolidated loss of Rs 2,396.4 crore for the fiscal year 2022.
Hackers steal Rs 7.3 cr in 831 transactions from Razorpay, reveals audit
May 21, 2022, at 05:21 am
Online payment gateway Razorpay said hackers stole Rs 7.3 crore worth of funds in 831 transactions in three months.
Textile firm BSL Ltd records Rs 11.48 cr PAT in FY22
May 21, 2022, at 02:28 am
Kolkata: Textile manufacturer BSL LTD reported a PAT of Rs 11.48 crores and operating profits of Rs 41.43 crores in the financial year ended March 31, 2022.
JK Tyre registers 80.39 pc decline Q4 FY22 PAT at Rs 38.22 cr
May 20, 2022, at 11:19 pm
Mumbai: Tyre manufacturer JK Tyre & Industries on Friday reported a 80.39 per cent decline in consolidated net profit for the quarter ended March 31 at Rs 38.22 crore on the back of higher input cost.
Indian Market: Sensex moves up by 1534.16 points
May 20, 2022, at 11:14 pm
Mumbai: The BSE Sensex on Friday rallied 1534.16 pts to close at 54,326.39 as buying was seen across the board amid positive global cues.
India gets the highest annual FDI inflow of USD 83.57 billion in FY21-22
May 20, 2022, at 11:00 pm
New Delhi: India has recorded the highest ever annual FDI inflow of USD 83.57 billion in the Financial Year 2021-22, as per data released by the Indian government on Friday.
Huge untapped market for Indian pharma equipment makers in Bangladesh: EEPC India Chairman
May 20, 2022, at 10:50 pm
Dhaka: India met 8.2 percent of Bangladesh’s import of pharma machinery as of 2020 and there lies a huge untapped market for India which is yet to be explored, according to EEPC India Chairman Mahesh Desai.
India's wheat output to slide by 3 pc to 106.41 million tonnes in 2021-22
May 20, 2022, at 08:34 pm
New Delhi: India's wheat output is estimated to go down by about 3 percent to 106.41 million tonnes in the 2021-22 crop year (July-June) from the previous year, the agriculture ministry said Thursday.
RBL Bank collaborates with Amazon Pay to offer UPI Payment Services
May 20, 2022, at 08:26 pm
Mumbai: RBL Bank, Amazon Pay and Amazon Web Services (AWS) have announced a collaboration to offer UPI payments.
RBI issues directive on card-less cash withdrawal
May 20, 2022, at 08:23 pm
Mumbai: The Reserve Bank of India (RBI) has asked all banks and ATM service providers to offer a cardless cash withdrawal facility
Sensex regains more than 900 pts
May 20, 2022, at 03:26 pm
Mumbai: The BSE Sensex on Friday bounced back by 991 pts at 53,783.40 in the opening session as buying was seen across the board amid positive Asian Market.
Jeep India launches Jeep Meridian at Rs 29.90 lakhs
May 20, 2022, at 02:55 am
Kolkata: Jeep Meridian was launched Thursday at an introductory price of Rs 29.90 lakhs (Ex-showroom India).
CCI allows Sanoti Properties LLP to buy shareholding in Magma HDI General Insurance Company Ltd
May 20, 2022, at 12:26 am
New Delhi: The Competition Commission of India (CCI) has approved the acquisition by Sanoti Properties LLP (Sanoti/Acquirer) of shareholding in Magma HDI General Insurance Company Limited (Magma HDI/Target)
CCI allows acquisition of majority stake in SMW Ispat Pvt Ltd by OFB Tech Pvt Ltd
May 20, 2022, at 12:13 am
New Delhi: The Competition Commission of India (CCI) approves the acquisition of the majority stake in SMW Ispat Private Limited by OFB Tech Private Limited.
CCI approves merger of Serum Institute subsidiaries Biocon Biologics and CTPL
May 20, 2022, at 12:09 am
New Delhi: The Competition Commission of India (CCI) has approved the merger by absorption of Covidshield Technologies into Biocon Biologics in consideration for the acquisition of approximately 15 percent equity shareholding of Biocon Biologics by Serum Institute Life Sciences.
May 19, 2022, at 10:54 pm
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal for empowering the Board of Directors (BOD) of the Holding / Parent Public Sector Enterprises to recommend and undertake the process for Disinvestment (both strategic disinvestment and minority stake sale) or closure of any of their subsidiaries / units / stake in JVs.
Sensex slumps by over 1,000 points
May 19, 2022, at 04:51 pm
Mumbai/UNI: The BSE Sensex Thursday crashed by 1,028 points at 53, 179.70 in the opening session as heavy selling was seen across the board.
May 19, 2022, at 04:41 pm
New Delhi/UNI: The prices of liquified petroleum gas (LPG) were increased by Rs 3.50 Thursday.
Cabinet approves Amendments to the National Policy on Biofuels -2018
May 19, 2022, at 07:59 am
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, Wednesday approved the Amendments to the National Policy on Biofuels -2018, according to a government statement.
May 19, 2022, at 07:20 am
Feature phone users can transfer money through 123PAY using IVR (interactive voice response).
ITC Q4FY22 PAT grows 11.8 pc to Rs 4,191 cr; EBITDA up 16.8 pc Rs 5,224 cr
May 19, 2022, at 06:55 am
Kolkata: ITC on Wednesday reported a consolidated profit after tax (PAT) of Rs 4,191 crore in the Q4FY22, up 11.8 percent, compared to Rs 3,748 crore in the same quarter of FY21.
Kotak Group Unveils Kotak Private – a Comprehensive Platform for UHNIs and HNIs
May 19, 2022, at 01:01 am
Kolkata: Kotak Mahindra Group today unveiled Kotak Private covering the entire gamut of solutions for ultra-high net worth individuals (UHNI) and high net worth (HNI) individuals, comprising entrepreneurs, business families, and professionals.
Kotak Alternate Assets to launch Rs 1000 crore Private Credit Fund
May 19, 2022, at 12:43 am
Kolkata: Kotak Alternate Assets, managed by Kotak Investment Advisors Limited (KIAL) today announced plans to launch a Rs 1,000 crore Private Credit Fund under the alternative investment fund (AIF) category II.
Indian Overseas Bank Q4FY22 net profit up 21.5 YoY to Rs 552 cr; FY22 doubles to Rs 1,709 crore
May 19, 2022, at 12:36 am
Kolkata: Public sector lender India Overseas Bank reported a net profit of Rs 552 crore in the quarter ended March 31, 2022, up 21.5 percent YoY compared to Rs 454 crore in the same quarter of FY21.
IndiGo appoints Pieter Elbers Chief Executive Officer, Rono Dutta retires
May 18, 2022, at 11:31 pm
New Delhi: The Board of Directors of InterGlobe Aviation Limited (IndiGo) appoints Pieter Elbers as Chief Executive Officer, subject to regulatory approvals.
Indian Market: Sensex falls 109.94 pts
May 18, 2022, at 11:10 pm
Mumbai: Snapping a gaining streak of the last two sessions, the BSE Sensex on Wednesday dropped 109.94 pts to settle at 54,208.53 on profit bookings by local operators.
Goldman Sachs likely to invest Rs 2,700 crore in PharmEasy parent: Report
May 18, 2022, at 10:32 pm
Goldman Sachs is in the advanced stages of talks to invest $350 million (Rs 2,700 crore) in API Holdings, the promoter of online pharmacy company PharmEasy, ET reported.