Despite pandemic, JK Bank records improved performance in FY 2021: Chibber
Jul 19, 2021, at 02:31 am
Srinagar: The chairman and managing director of the Jammu and Kashmir Bank, RK Chibber said despite pandemic and all odds, the bank has been able to record a significantly improved performance in the current financial year including highest ever quarterly profit of Rs 315.75 crore over the last 7 years and restricting slippages for the year to bestow Rs 1000 crore.
HDFC Bank's Q1FY22 net profit jumps by 16.1 pc to Rs 7,729.6 cr, NII grows by 8.6 pc
Jul 18, 2021, at 12:10 am
Mumbai/IBNS: India's largest private sector lender HDFC Bank reported a net profit of Rs 7,729.6 crore on a standalone basis, an increase of 16.1 per cent (year-on-year) over the quarter ended June 30, 2020.
Ola scooter gets 100,000 reservation in a day
Jul 17, 2021, at 09:53 pm
Kolkata: Ola on Saturday announced that its electric scooter received a record breaking 100,000 reservations within the first 24 hours.
Reliance Retail acquires 40.95 pct stake in Just Dial
Jul 17, 2021, at 02:51 pm
Mumbai: Reliance Retail, which is an arm of Reliance Industries Limited, on Friday announced it has acquired a stake of 40.95 per cent for Rs. 3,497 crore in internet technology company Just Dial.
Paytm files for Rs 16,600 crore IPO
Jul 17, 2021, at 03:39 am
Kochi/UNI: One97 Communications, the parent company of Paytm, India’s leading Digital Ecosystem for consumers and merchants, has filed its DRHP with the regulator for an aggregate offer size of Rs 16,600 crore via an Initial Public Offering, as per market sources.
Indian Market: Sensex ends weak at 53,140.06 points
Jul 17, 2021, at 03:36 am
Mumbai/UNI: The BSE Sensex on Friday fell marginally by 18.79 points to settle at 53,140.06 on profit booking by local operators.
Paytm submits draft prospectus to raise Rs 16,00 cr through public offering
Jul 17, 2021, at 01:50 am
Mumbai/IBNS: Digital payment company Paytm Friday filed draft papers to raise Rs 16,600 crore via an initial public offering, the biggest IPO launched by any company in India so far.
B Anand joins TCG and Haldia Petrochemical as CEO of greenfield polymer business and ESG initiatives
Jul 16, 2021, at 11:56 pm
Kolkata/IBNS: TCG and Haldia Petrochemical Limited have appointed B. Anand as CEO for their greenfield polymer business and ESG initiatives.
Jul 16, 2021, at 11:32 pm
Kolkata: Power company Tata Power has signed an agreement with Hindustan Petroleum Corporation Limited (HPCL), a Maharatna Oil & Gas Public Sector undertaking, to provide end-to-end EV charging stations at HPCL’s retail outlets (petrol pumps) in multiple cities and major highways across the country.
Pre-bookings open for the Ducati Multistrada V4, ahead of its India launch
Jul 16, 2021, at 11:27 pm
New Delhi: Luxury Motorcycle Manufacturer Ducati India on Friday announced the opening of bookings for its most anticipated product for 2021, the Multistrada V4 in India.
NTPC invites online bids for EPC Package of Waste to Energy Facility in Varanasi
Jul 16, 2021, at 11:25 pm
New Delhi: NTPC Vidyut Vyapar Nigam Limited, a wholly-owned subsidiary of NTPC Limited, has invited online bids on a “two-stage” bidding basis for the EPC Package of Waste to Energy Facility at Ramna, Varanasi.
Venus Remedies enters consumer healthcare business with R3SET launch
Jul 16, 2021, at 04:05 pm
Mumbai: Venus Remedies Ltd, a leading research-driven pharmaceutical company, has launched its full-fledged Consumer Healthcare Division.
Ola Electric opens reservation for Ola Scooter
Jul 16, 2021, at 03:16 pm
Mumbai: Ola Electricon Thursday announced opening up reservations for electric scooter.
Hamsa Asset Management Pvt Ltd launching India's first Renewable Energy Alternative Investment Fund
Jul 16, 2021, at 02:49 pm
Mumbai: Hamsa Asset Management Pvt Ltd (Hamsa) is launching India’s first renewable energy Alternative Investment Fund (AIF).
India's OTT entertainment industry to reach $15 billion by 2030
Jul 16, 2021, at 05:29 am
Kolkata/IBNS: India's Over the Top (OTT) Entertainment Industry is burgeoning into a multi-billion-dollar industry, cannibalizing into the established bastion of traditional television, radio and cinema auditorium forms of media and entertainment, experts have opined.
BharatPe aims 3x growth in POS business FY22
Jul 15, 2021, at 11:15 pm
New Delhi/IBNS: BharatPe, India’s fintech company for merchants, has announced plans to scale up its POS business.
PNB MetLife announces Rs. 532 crores bonus for its 4.6 lakhs participating policyholders
Jul 15, 2021, at 11:05 pm
New Delhi/IBNS: PNB MetLife India Insurance Company Limited (PNB MetLife) has announced a bonus of Rs. 532 crores for all eligible policyholders of participating products.
Petrol rate crosses Rs 107 per litre in Mumbai
Jul 15, 2021, at 05:14 pm
New Delhi/UNI: Petrol prices in Mumbai mounted to 107.54/ litre, an all-time high on Thursday, while diesel was retailing at Rs 97.45/lire as the fuel prices witnessed another hike after a two-day pause.
Covid19: Centre removes duty on Amphotericin B, raw materials for Covid testing kits
Jul 15, 2021, at 12:40 am
New Delhi/IBNS: The government has waived off the basic customs duty on imports of raw materials for manufacturing Covid test kits and antifungal drug Amphotericin B and raw material for Covid-19 test kits for a limited period.
Zomato IPO subscribed 35 times by anchor investors
Jul 14, 2021, at 11:46 pm
Mumbai/IBNS: Zomato IPO, which is one of the most popular initial public offerings to come in the country amid the pandemic, has been subscribed 35 times by anchor investors, said media reports.
RBI bars Mastercard from adding new clients in India from July 22
Jul 14, 2021, at 11:46 pm
New Delhi: The Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard Asia / Pacific Pte. Ltd. (Mastercard) from on-boarding new domestic customers (debit, credit or prepaid) onto its card network from July 22.
Bandhan Bank appoints Kamal Batra as Head – Assets
Jul 14, 2021, at 11:35 pm
Kolkata: To further bolster its goal of building a robust and granular retail assets franchise, Bandhan Bank announced the appointment of Kamal Batra as Executive President and Head – Assets, on Wednesday.
Tata Motors launches the ‘XPRES’ brand for fleet customers
Jul 14, 2021, at 11:32 pm
Mumbai: Tata Motors, one of India’s leading automobile manufacturers, on Wednesday announced the launch of a new brand ‘XPRES,’ exclusively for fleet customers.
Shri Bajrang Power and Ispat files Rs 700-cr IPO papers
Jul 14, 2021, at 11:30 pm
Kolkata: Integrated steel company Shri Bajrang Power and Ispat Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 700 crore through an initial share-sale.
Indian Market: Sensex up 134.32 pts
Jul 14, 2021, at 11:10 pm
Mumbai/UNI: The BSE Sensex on Wednesday gained further by 134.32 pts to close at 52,904.05 on the strength of IT, Technology, Capital Goods and Health Care stocks.
Tech Mahindra moves up by 2.69 pc to Rs 1078.40
Jul 14, 2021, at 11:09 pm
Mumbai/UNI: Tech Mahindra on Wednesday rose by 2.69 pc to Rs 1078.40 a major gainer in 30 scrips of BSE.
Cabinet approves increase in Dearness Allowance, Dearness Relief for central govt employees
Jul 14, 2021, at 10:59 pm
New Delhi: The Cabinet Committee chaired by Prime Minister Narendra Modi on Wednesday approved an increase in the Dearness Allowance to Central Government employees and Dearness Relief to pensioners with effect from 01.07.2021 to 28% representing an increase of 11% over the existing rate of 17% of the Basic Pay/Pension.
UNIBIC Foods appoints Naveen Pandey as Chief Executive Officer
Jul 14, 2021, at 12:09 am
Kolkata: UNIBIC Foods, one of India’s fastest growing FMCG companies, on Tuesday announced the appointment of Naveen Pandey as its Chief Executive Officer.
Jul 13, 2021, at 11:35 pm
Bangalore: The Flipkart Group, India’s homegrown consumer internet ecosystem, on Tuesday announced that it has raised US $3.6 billion in funding as it continues to grow and advance the digital commerce ecosystem in India.
Mahindra launches the new 'Bolero Neo' at a starting price of Rs. 8.48 lakh
Jul 13, 2021, at 11:27 pm
Mumbai: Mahindra & Mahindra Ltd., one of the leading automobile companies in India and the world’s largest tractor company by volume,on Tuesday launched the new ‘Bolero Neo’. Available at all Mahindra dealerships across India from today, the new Bolero Neo is launched at an introductory price of ₹ 8.48 Lakh (Ex-Showroom Price, All India) for the N4 variant.