New Delhi/IBNS: India is actively seeking investments from South Korean and Japanese shipbuilders as part of its strategy to become a major global shipbuilding centre, according to a report by Mint.
Mumbai/IBNS: Reserve Bank of India (RBI) Governor Shaktikanta Das said India has the potential to achieve sustainable economic growth of up to 8 percent in the medium term.
Private lender Bandhan Bank on Monday announced that it is offering up to 8.55% interest rate on Fixed Deposit (FD) for the tenure of 1 year, which is one of the best FD interest rates in the banking industry.
Automobile major Mahindra & Mahindra Ltd on Monday announced the launch of the Mahindra Veero, starting at Rs. 7.99 Lakh.
Mumbai/IBNS: Bajaj Housing Finance shares made a strong stock market debut on Monday (Sept. 16), listing at Rs 150 per share on both the NSE and BSE.
New Delhi/IBNS: In a potential boost for India's developing shipbuilding industry, companies from Japan and South Korea have shown interest in investing in the sector, according to Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal.
New Delhi/IBNS: India is set to join the Financial Action Task Force's (FATF) prestigious group of top performers on September 19.
New Delhi/IBNS: India is set to join the Financial Action Task Force's (FATF) prestigious group of top performers on September 19.
New York/IBNS: The appointment of Tim Harvey as the new interim CEO of tech unicorn OpenWeb has sparked a dramatic showdown with the company’s founder, Nadav Shoval.
Mumbai/IBNS: The Securities and Exchange Board of India (SEBI), the regulatory body for securities and commodity market in the country, has closed its proceedings against the National Stock Exchange (NSE), along with former executives Ravi Narain, Chitra Ramkrishna, Anand Subramanian, and others, regarding the exchange's co-location services.
Mumbai: Max Healthcare Institute Ltd.’s board has approved a strategic partnership with the Lakshdeep Group, promoters of Jaypee Healthcare Ltd. (JHL), by facilitating the repayment of JHL’s financial debts, media reports said.
Mumbai: Billionaire Rajiv Jain-backed GQG Partners increased its stake in Patanjali Foods by acquiring a 1.24% holding from promoter group entity Patanjali Ayurved Ltd for approximately Rs 835 crore in an open market transaction on Friday, media reports said.
Mumbai: Food delivery platform Zomato has partnered with the Indian Railway Catering and Tourism Corporation (IRCTC) to launch its new service, 'Zomato - Food Delivery in Trains', media reports said.
New Delhi: The Centre has removed the minimum price limit for onion export to boost the earnings of Indian farmers and push exports.
New Delhi: Maruti Suzuki India Ltd maintained its lead, with production rising to 1,65,782 units in August 2024 and cumulative production reaching 8,35,842 units from April to August, according to a SIAM report.
Mumbai: Mahindra & Mahindra Financial Services is all set to enter the mortgage business with its board greenlighting the new venture, media reports said.
New Delhi: The automobile sector showed mixed growth pattern across various segments of the automotive sector in India, according to the August 2024 report releasedby Society of Indian Automobile Manufacturers (SIAM).
Mumbai/IBNS: Employees of Indian multinational information technology (IT) company, Tata Consultancy Services (TCS), have recently received income-tax demands ranging from Rs 50,000 to Rs 1.45 lakh, The Economic Times reported, citing its sources familiar with the matter.
Ahmedabad/IBNS: Indian multinational conglomerate Adani Group has dismissed and denied "baseless allegations" regarding reports of funds being frozen in Swiss bank accounts.
Bengaluru/IBNS: American multinational automobile manufacturer Ford Motor on Friday (Sept. 13) announced plans to restart a manufacturing facility in Tamil Nadu, potentially re-entering the Indian market it exited three years ago, according to a report by Reuters.
Singapore/IBNS: Even as consumer price index (CPI) inflation has softened to the 2-6 percent tolerance band, there is still a ‘distance to cover’, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday (Sept. 13), signaling the central bank is in no hurry to cut interest rates despite the inflation dip in the world’s fastest-growing major economy.
New Delhi: India’s retail inflation rose to 3.65% on an annual basis, up from a five-year low of 3.54%, according to government data released on Thursday.
India's retail inflation in August touched 3.65 percent as compared to 6.83 percent which was recorded during the same period last year.
Tata Power EV Charging Solutions Limited, a EV Charging solutions providers and a subsidiary of Tata Power Renewable Energy Limited (a subsidiary of Tata Power), on Thursday announced the signing of a Memorandum of Understanding (MoU) with Tata Motors Limited (Tata Motors) to set up 200 fast-charging stations for electric commercial vehicles (CV) in all metros cities in India inluding Kolkata and Mumbai.
Bangladesh's interim government has directed Hindu community members to avoid playing musical instruments during the upcoming Durga Puja celebrations at the time of azan and namaz.
Ride-hailing platform Rapido has inaugurated its new 40,554 sq. ft. corporate head-office in Bellandur (Bengaluru).
Mumbai/IBNS: India's largest private sector lender, HDFC Bank, is negotiating with major global banks to offload loans totaling up to Rs 8,400 crore ($1 billion) as part of its strategy to reduce the size of its credit portfolio and improve its credit-to-deposit ratio, reports Bloomberg, citing its sources.
Multinational professional service brand PricewaterhouseCoopers’s U.S. unit will lay off about 1,800 workers, media reports said.
Mumbai/IBNS: The stake sale of Indian private sector bank YES Bank is currently stalled as the Reserve Bank of India (RBI) is hesitant about allowing majority foreign bank ownership, reports Moneycontrol, citing sources familiar with the matter.
Mumbai/IBNS: The Securities and Exchange Board of India (SEBI), the regulatory body for securities and commodity market in the country, is contemplating stricter oversight for micro-cap firms going public, which includes enhanced monitoring of how their funds are used and tougher due diligence requirements for merchant bankers, the Economic Times reported, citing a source involved in the discussions who requested anonymity due to the confidential and sensitive nature of the information.
