Power Mech taps on Jal Jeevan Mission opportunity for growth

Mar 15, 2022, at 09:14 am

Kolkata/IBNS: Infrastructure construction company Power Mech Projects Limited Monday announced winning orders worth Rs. 2120 crore under Jal Jeevan Mission (JJM) program. 

Tata Sons' chief Natrajan Chandrasekaran appointed chairman of Air India

Mar 15, 2022, at 12:53 am

New Delhi/IBNS: Tata Sons' chief Natrajan Chandrasekaran has been appointed as the chairman of Air India, Tata Group announced Monday after the board's confirmation.

Paytm Payments Bank says its data resides within India, claims of Chinese data leak are completely 'false and sensationalist'

Mar 14, 2022, at 11:45 pm

New Delhi: Paytm Payments Bank on Monday refuted media reports which claimed that data leak to Chinese firms are completely false, inaccurate and unverified.

Infosys moves up 3.76 pc to Rs 1,890.80

Mar 14, 2022, at 11:22 pm

Mumbai: Infosys on Monday surged 3.76 per cent to Rs 1,890.80, a major gainer in the 30 scrips of the Bombay Stock Exchange (BSE).

Indian Market: Sensex surges 935.72 points

Mar 14, 2022, at 10:25 pm

Mumbai: The equity market remained on top for the fifth consecutive session as BSE Sensex on Monday spurted 935.72 points, breaching the 56K level at 56,486.02 on the strength of bankex, IT and finance stocks despite weak global cues and rising domestic wholesale inflation.

'Credit line without collateral for MSMEs is a top priority,' says Chairman of MSME Development Forum

Mar 14, 2022, at 08:20 pm

Kolkata/IBNS: Micro, Small & Medium Enterprises (MSMEs) have been a major source of employment and revenue for India yet professional assistance and credit aid is out of reach for many, a top MSME Development Forum official said.

MSME Development Forum's new team launched in West Bengal

Mar 14, 2022, at 07:39 pm

Kolkata/IBNS: The grand launch of a new team of MSME (Micro, Small & Medium Enterprises) Development Forum, West Bengal and felicitation of Dr. Mamta Binani as the president of MSME Development Forum took place last week.

SASMOS signs MoU with HAL and NAeL to work together in aerospace domain

Mar 14, 2022, at 07:11 pm

Kolkata/IBNS: SASMOS HET Technologies Limited, a Bangalore-based manufacturer and developer of Electrical, Electromechanical and Electronics integrated solutions, has signed a Memorandum of Understanding (MoU) with Indian state-owned aerospace and defence company Hindustan Aeronautics Limited (HAL) and its wholly-owned subsidiary Naini Aerospace Limited (NAel).

IRFC to raise $ 1.1 billion from Japanese lenders to finance Indian Railways' green initiatives: Report

Mar 14, 2022, at 04:25 am

New Delhi: Indian Railways Finance Corp (IRFC) has decided to raise $1.1 billion (about 130 billion yen, or Rs 8,440 crore) through a yen-denominated syndicated offshore loan to finance the green initiatives of the India Railways, ET reported.

Centre invites applications from drone industry for PLI scheme

Mar 13, 2022, at 06:51 pm

New Delhi/IBNS: The government has invited applications from drone industry for Production Linked Incentive (PLI), Ministry of Civil Aviation said.

India, Canada formally decide to expedite talks on Free Trade Agreement

Mar 13, 2022, at 03:50 pm

New Delhi/Ottawa: India and Canada have decided to quicken the pace of talks to consider a Free Trade Agreement (FTA) to boost bilateral trade along with an early harvest deal, according to an official statement.

Reserve Bank of India lifts restriction on HDFC Bank's business generating activities

Mar 12, 2022, at 10:08 pm

New Delhi: Private lender HDFC Bank on Saturday said that the Reserve Bank of India (RBI) has lifted the restriction on the business generating activities planned under the Bank's Digital 2.0 programme.

EPFO slashes rates to 8.1 pc for 2021-22 fiscal year

Mar 12, 2022, at 08:07 pm

New Delhi: In what may be seen as a major setback for millions of middle-class Indians, especially amid the rising inflation, state-run Employees Provident Fund Organisation (EPFO) on Saturday slashed the interest rates to 8.1 per cent for the fiscal year 2021-22.

Indian Market: Sensex up 85.91 pts

Mar 11, 2022, at 09:55 pm

Mumbai: The BSE Sensex on Friday advanced 85.91 pts to close at 55,550.30 following gains in Health Care, Materials, Metal and Oil and Gas stocks amid positive European market.

India becomes the fifth most valued stock market

Mar 11, 2022, at 08:48 pm

Mumbai: India is now the fifth most valued stock market ahead of the United Kingdom, Canada and Saudi Arabia.

Russia retaliates against Western sanctions with export bans: Report

Mar 11, 2022, at 08:09 pm

Russia has retalited to the western sanctions to isolate it for invading Ukraine by imposing export bans on a host of products until the end of 2022, BBC reported.

Ukraine War: Mukesh Ambani's RIL supplying diesel to Europe from Jamnagar refinery

Mar 11, 2022, at 07:06 pm

Mukesh Ambani-led Reliance Industries is sending shipments of diesel to Europe amid a global energy crunch spurred by Russia’s invasion of Ukraine, media reports said.

Larsen & Toubro bags 'significant' contract from Delhi Metro Rail Corporation

Mar 11, 2022, at 03:28 pm

Mumbai/IBNS: The Heavy Civil Infrastructure business vertical of L&T Construction has won a significant order from the prestigious Delhi Metro Rail Corporation Limited (DMRC), to design and construct the Underground Metro Project of Phase-IV of Delhi MRTS.

After Air India, Neelachal Ispat Nigam Ltd to be second govt firm to be privatised: DIPAM Secty

Mar 11, 2022, at 05:30 am

Kolkata: Neelachal Ispat Nigam Ltd would be second company after Air India to be privatised and the share purchase agreement (SPA) for the company was signed on Thursday, DIPAM Secretary Tuhin Kanta Pandey said today.

Lupin launches its first reference lab in east India

Mar 11, 2022, at 03:36 am

Kolkata/IBNS: Pharma major Lupin Thursday announced that its diagnostics arm has launched its first reference laboratory in east India in Kolkata.

Ukraine War: Economy in 'shock' from unprecedented economic war, admits Russia

Mar 11, 2022, at 02:32 am

Moscow: Russia has admitted that the country's economy is in a shock and it is taking measures to resist the impact of what it described as an "absolutely unprecedented" economic war waged against Moscow, media reports said.

Cutty Sark brings taste of Scotland's premium scotch whiskey to Delhites

Mar 10, 2022, at 05:46 pm

New Delhi/IBNS: Kyndal, a leading alco-bev maker and distributor in the premium segment, eyes to bring Cutty Sark, a blended Scottish scotch whisky, to the local markets of Delhi, Gurgaon and other parts of Haryana.

Indian Market: Senex zooms 1595 points

Mar 10, 2022, at 03:46 pm

Mumbai: The equity market remained on top for the third straight session on Thursday, as BSE Sensex zoomed 1595 points, breaching 56K level to open at 56,242 on positive global cues.

Axis Mutual Fund launches ‘Axis NIFTY Midcap 50 Index Fund’

Mar 09, 2022, at 10:35 pm

Mumbai: Axis Mutual Fund, one of the leading asset management companies in India announced the launch of Axis NIFTY Midcap 50 Index Fund (an open ended Index Fund tracking the NIFTY Midcap 50 Index), on Wednesday.

Indian Market: Sensex rallied 1223.24 points

Mar 09, 2022, at 10:22 pm

Mumbai: The BSE Sensex on Wednesday added another 1223.24 gains to close at 54,647.33 on brisk buying in energy, realty, industrials and finance stocks, even as conflict between Russia and Ukraine was on.

Ukraine War: McDonald's, Coca-Cola, Netflix, Samsung join growing list of MNCs suspending business in Russia

Mar 09, 2022, at 08:40 pm

As Russia's invasion of Ukraine enters the 14th day, three more companies - McDonald's, Coca-Cola and Starbucks - have announced closure of business in Russia, joining the growing list of international businesses leaving the country, media reports said.

LIC's DRHP gets SEBI's approval

Mar 09, 2022, at 04:59 pm

The Securities Exchange Board of India (SEBI) has given its nod to the state-owned insurance behemoth LIC's (Life Insurance Corporation of India) Draft Red Herring Prospectus (DRHP), media reports said.

Ghana invites Indian industrialists to invest and create employment for both sides

Mar 09, 2022, at 06:06 am

Kolkata/IBNS: Ranking third in ease of doing business in Western Africa, Ghana is inviting Indian industrialists to contribute in areas of steel, iron ore, and agriculture.

Indian Rupee rises 5 paise against USD

Mar 08, 2022, at 11:44 pm

Mumbai/UNI/IBNS: The Rupee on Tuesday gained five paise to close at 76.90 against the US Dollar due to the selling of US Dollars by bankers and exporters, dealers at the Foreign Exchange said.

Sun Pharma moves up 3.99 pc to touch Rs 855.55

Mar 08, 2022, at 11:36 pm

Mumbai/UNI/IBNS: Sun Pharma on Tuesday rose 3.99 per cent to Rs 855.55, a major gainer in 30 scrips of the BSE.