Bridgestone India Introduces TURANZA 6i new premium tyre for premium passenger vehicles
Kolkata: Bridgestone India Wednesday launched its new generation tyre Bridgestone TURANZA 6i for the passenger vehicles segment.
Finance
GenAI platform Hanooman partners with 3AI Holding; targets to reach 200 million users in its first year of launch in India
Abu Dhabi: 3AI Holding Limited, a global AI investment firm based in Abu Dhabi, that invests in AI infrastructure and AI foundational companies, Wednesday announced that it has entered into a strategic partnership with SML India, allowing them to jointly own ‘Hanooman’, India’s multilingual GenAI platform, a press release said.
IndiGo becomes 3rd largest airline by market capitalisation after stocks hit new high
Mumbai: IndiGo Airlines became the world's third largest airline on Wednesday in terms of market capitalisation as stocks of its operator InterGlobe Aviation Limited climbed to a new record high on April 10 by trading 5 percent higher at Rs 3,801 apiece during afternoon trade, thus bolstering their gains for the fourth day in a row, media reports said.
Centre approves 11 EV manufacturers for providing incentives under EMPS 2024: Report
New Delhi: The Ministry of Heavy Industries has given the green light to 11 electric vehicle (EV) makers, such as Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, to qualify for incentives as part of the newly launched Electric Mobility Promotion Scheme (EMPS) 2024.
Indian mutual fund industry posts stellar performance in FY24; AUM jumps 35% to Rs 39.42 lakh cr
Mumbai: The Indian mutual fund industry has posted an impressive performance during the last financial year (2023-24), with the industry’s net Assets under Management (AUM) registering a growth of 35 percent at Rs 53.40 lakh crore as of March 31, 2024, as against Rs 39.42 lakh crore same period last year.
NSE alerts investors against deepfake videos of its MD & CEO Ashish Kumar Chauhan
Mumbai: The National Stock Exchange (NSE) has cautioned investors about deepfake videos of its MD & CEO Ashish Kumar Chauhan in circulation and advised them to not follow suggestions or investment proposals in such videos.
Ola Cabs withdraws international operations to focus on Indian market
Bengaluru: Ride-hailing company Ola Cabs is withdrawing from its international operations, including the United Kingdom, Australia, and New Zealand, to concentrate on expanding its electric vehicle (EV) fleet and strengthening its presence in the Indian market.
Maruti Suzuki India hikes prices of select models; Swift raised by Rs 25,000
Gurugram: Maruti Suzuki India announced on Wednesday that it has raised the prices of its hatchback Swift by up to Rs 25,000, and also hiked the price of a specific variant of the SUV Grand Vitara.
Tesla may join hands with Reliance to manufacture EVs in India: Report
New Delhi: Tesla is exploring the possibility of forming a partnership with Reliance to set up its operations in India, media reports said
Tesla Chief Elon Musk to meet PM Modi in Apr; to announce plans for EV manufacturing in India
New Delhi: Tesla's top boss Elon Musk will visit India this month to hold a meeting with Prime Minister Narendra Modi and is expected to announce plans to invest and open a new EV manufacturing plant in India, media reported.
Sensex ends strong at 75038.15
The BSE Sensex on Wednesday ended firm, breaching 75K level to 75038.15, up 354.45 pts following gains in Oil and Gas, Metal and Energy stocks amid mixed Asian Market.
Halwasiya acquires 15.50% stake in Tourism Finance Corporation of India after board approves fresh allotment
Mumbai: The Board of TFCIL further approved allotment of 22,23,000 equity shares to Aditya Kumar Halwasiya at a price of Rs 225 per equity share at its Meeting held on the April 5, 2024.
RBI launches survey of manufacturing companies
Mumbai: The Reserve Bank has started the latest cycle of its quarterly survey on order books, inventories, and capacity utilization of manufacturing firms, which serves as a crucial component for shaping monetary policy.
EU-India join partner to recycle EV batteries; invite EoI from start-ups
New Delhi: The European Union (EU) and India on Tuesday invited Expression of Interest (EoI) from startups working in Battery Recycling Technologies for Electric Vehicles (EVs) for a matchmaking event.
Mutual Funds, foreign portfolio investors increase stake in Paytm
Mumbai: One 97 Communications reported an uptick in ownership from mutual funds, retail investors, and foreign portfolio investors up to the end of the March quarter of 2024, media reported citing a stock exchange filing on Tuesday.
Gates-backed startup Infinium is making sustainable fuel from water and Carbon Dioxide: Report
A company in the United States is working towards revolutionising the transportation industry, particularly in sectors like aviation and heavy-duty trucking, which are notoriously difficult to decarbonize, media reports said.
Paytm Payments Bank MD & CEO Surinder Chawla resigns due to 'personal reasons'
New Delhi: In a fresh development, Paytm Payments Bank’s Managing Director and CEO, Surinder Chawla, has stepped down due to personal reasons, its parent company One97 Communications Limited said in a filing with the stock exchanges.
Adani Green Energy to raise $400 million via offshore loan: Report
Mumbai: Adani Green Energy Ltd. is currently involved in discussions to secure around $400 million via an overseas loan, as part of its efforts to finance an upcoming renewable project, media reports said
EV sales witness growth across categories in FY24
New Delhi: Electric vehicle retail sales in India witnessed growth across all segments in the previous fiscal year ended on March 31, 2024, including passenger vehicles and two-wheelers, according to the Federation of Automobile Dealers Associations (FADA).
Novartis to cut 680 jobs in product development: Report
New Delhi: Swiss pharmaceutical company Novartis said on Tuesday that it plans to reduce its development organization workforce by as many as 680 positions, media reports said.
Sensex opens at an all-time high of 75,124.28
Mumbai/UNI: The BSE Sensex on Tuesday opened at an all-time high, touching the 75,000-level for the first time at 75124.28, up 382 points as buying was seen across board amid mixed global cues.
Unlocking Growth with Step Up SIP Calculator in Mutual Funds
In the ever-evolving world of investments, the mutual fund sector continues to offer innovative tools to aid investors in their quest for financial growth and security. Among these tools, the Step Up Systematic Investment Plan (SIP) calculator stands out as a beacon for those looking to amplify their investment outcomes.
Sensex up by over 300 points
Mumbai/UNI: The BSE Sensex on Monday rallied 399 points to 74647 in the opening session as buying was seen across the board.
Sensex open 500 points up during morning trade
The BSE Sensex on Monday rallied 399 points to 74647 in the opening session as buying was seen across the board.
Advantage India: Future fuels Green Hydrogen (GH2), green ammonia to bring USD 125 billion in investments by 2030
New Delhi: Eco-friendly fuels, Green Hydrogen (GH2) and green ammonia, considered as the future energy sources globally, have the potential to attract investments totaling USD 125 billion (equivalent to approximately Rs 10.43 lakh crore) in India by 2030, as per a research report by Avendus Capital.
SEBI cracks whip on finfluencer Ravindra Balu Bharti, order to return Rs 12 cr
Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has taken strong action against a financial influencer (finfluencer) and ordered him to return unlawfully obtained gains totalling over Rs 12 crore, media reports said.
India-Singapore bilateral trade jumps 18% to USD 35.6 billion in FY23
Singapore: India-Singapore bilateral trade rose to USD 35.6 billion in 2022-23, a growth of 18.2 percent on the year, media reported.
India eyes US$100 billion annual FDI from investors looking to diversify from China
New Delhi: India is targeting a minimum of US$100 billion annually in gross foreign direct investment, as the country seeks to attract investors seeking diversification from China, media reports said.
Indian Coast Guard rescues 27 Bangladeshi fishermen
New Delhi: In a swift operation, the Indian Coast Guard (ICG) rescued 27 Bangladeshi fishermen, who were stranded on their fishing boat at sea.
RBI slaps fines on IDFC First Bank and LIC Housing Finance for non-compliance
Mumbai: The Reserve Bank on Friday said that it has fined IDFC First Bank Rs 1 crore and LIC Housing Finance Rs 49.70 lakh for breaching specific regulations. The penalty on IDFC First Bank was levied due to failure to adhere to certain directives regarding 'Loans and Advances - Statutory and Other Restrictions', according to the central bank’s statement.