Tata Group promises major new investments, expansion plans in Telangana
Hyderabad/UNI: Tata Group on Thursday said it would make major new investments and expand its presence in Telangana.
Finance
SBI’s Basel III compliant Additional Tier 1 Bond Issuance
Mumbai: Public sector lender State Bank of India (SBI) raised Rs 5,000 crore on Thursday through its second Basel III compliant Additional Tier 1 bond issuance for the current financial year at a coupon rate of 8.34 percent.
Coal India subsidiaries get CCEA nod for equity investments in coal-fired power projects
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Thursday approved equity investments by two Coal India Ltd (CIL) subsidiaries -- South Eastern Coalfields Ltd (SECL) and Mahanadi Coalfields Ltd (MCL) for setting up thermal power plants at an estimated cost of Rs 21,547 crore.
Sensex tanks 500 points
Mumbai/UNI: The equity market remained negative for the third consecutive session as the BSE Sensex on Thursday dropped 502.47 pts at 70,998.29 in early trade as selling was seen across the board amid weak global cues.
PLI Schemes witness over Rs 1.03 lakh crore of investment till Nov 2023
New Delhi: Production Linked Incentive (PLI) Schemes witnessed over Rs. 1.03 lakh crore of investment till November 2023, leading to production/ sales of Rs. 8.61 lakh crore and direct and indirect employment generation of over 6.78 lakhs, according to the Commerce and Industry ministry.
Volvo Car India defers price increase of its EVs while increasing prices on other models
Kolkata: Volvo Car India has deferred the prices of its EV offerings –the XC40 Recharge and the C40 Recharge while effecting a 2% price increase on its other models, a press release said.
Construction of CAT IIIB-compliant airstrip 28/10 to be completed this week: Jyotiraditya Scindia
New Delhi: Civil Aviation Minister Jyotiraditya Scindia on Wednesday said that the construction project for rehabilitating Delhi Airport's CAT IIIB-compliant airstrip 28/10 is set to be completed this week, media reports said.
PM Modi unveils infrastructure projects worth Rs 4000 in Kerala's Kochi, inaugurates largest dry dock in India
Kochi/UNI: Prime Minister Narendra Modi inaugurated three major infrastructure projects worth more than Rs 4,000 crore on Wednesday.
Davos: Adani Group to invest Rs 12,400 cr in Telangana; MoUs signed World Economic Forum 2024
Davos (Switzerland): The Adani Group and the Telangana government today signed four memorandums of understanding (MoU) for investment of over Rs 12,400 crore, at the World Economic Forum 2024.
Maharashtra: Adani Enterprises to invest Rs 50,000 cr in data centre infrastructure in next 10 yrs
Davos (Switzerland): Adani Group’s flagship company Adani Enterprises Limited on Wednesday signed a memorandum of understanding (MoU) with the Maharashtra government to set up 1 GW hyperscale data centre infrastructure in the state at an investment of Rs 50,000 crore in the course of the next decade, media reports said.
Budget 2025 changes government may consider: ICRA Analytics report
Mumbai: The presentation of the Interim Budget on February 1 stands as a critical event in the financial calendar, leading to sharp speculations about the government's spending, fiscal deficit, and individual taxation.
India's engineering goods exports reach $10.04 billion
Kolkata: India's engineering goods exports grew 10.20 percent year-on-year to $10.04 billion in December 2023 despite several challenges stemming from geo-political tensions and tight financial conditions in major advanced economies, according to EEPC India
Tata Passenger Electric Mobility launches Punch.ev, check out the price
Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors and the pioneer of India’s EV revolution, on Wednesday (January 17, 2024) launched its first pure EV – the Punch.ev.
Equity market witnesses bloodbath, Sensex drops 1628.01 pts
The equity market witnessed a bloodbath, as the BSE Sensex on Wednesday plunged 1628.01 pts to close at 71,500.76 a single day fall in 16 months on weak global cues.
Google Pay signs MoU with NPCI to expand UPI outside India
Google India Digital Services (P) Limited and NPCI International Payments Ltd (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), have signed a Memorandum of Understanding (MoU) to expand the transformative impact of UPI to countries beyond India.
ManipalCigna garners 38 per cent GWP growth in East India in financial year 22-23
Health insurance company ManipalCigna has garnered 38 per cent gross written premium (GWP) growth in East India in the financial year 22-23.
World Economic Forum President Borge Brende expects India will mark 8 percent growth this year
World Economic Forum President Borge Brende feels India will witness an 8 percent growth this year.
Mahindra launches all-Electric XUV400 Pro Range. Know the introductory price now
SUV manufacturer Mahindra & Mahindra Ltd on Monday announced the launch of the XUV400 Pro Range, at an introductory price starting at 15.49 Lakh.
Sensex slips 199 points after touching record high, Nifty ends 65 points below
The BSE Sensex on Tuesday slipped 199.17 pts to settle at 73,128.77 as selling was witnessed in Realty, Power and IT stocks.
World Economic Forum Report says global economic prospects remain subdued and fraught with uncertainty amid ongoing geopolitical rifts, AI advancement
Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as the global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in generative artificial intelligence (AI).
Sensex touches lifetime high at 73,327.95 points
The BSE Sensex on Monday ended a life time high at 73,327.95, up 759.49 pts, breaching 73K level for the first time on the strength of Technology, Oil and Gas and Energy stocks.
Oxfam report claims world’s five richest men more than doubled their fortunes from $405 billion to $869 billion since 2020
The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power.
Bandhan Multi Asset Allocation Fund launched for investors seeking a well-rounded
Bandhan Mutual Fund announced the launch of the Bandhan Multi Asset Allocation Fund, an open-ended scheme that enables investment across diverse asset classes including Indian Equities, International Equities, Arbitrage, Fixed Income, Gold and Silver.
India's wholesale inflation rises to 0.73% in December 2023: Govt data
New Delhi/UNI: India's wholesale price index (WPI) based inflation increased to 0.73% in December 2023 from 0.26% in the previous month, data released by the Ministry of Commerce and Industry showed on Monday.
India likely to have 100 million affluent citizens by 2027: Reports
India's affluent class may soon nearly double to touch 100 million people by 2027, as per a report by Goldman Sachs Group Inc.
BMW registers robust electric vehicle sales growth in China: Reports
The BMW Group delivered 99,972 all-electric vehicles in the Chinese market in 2023, a year-on-year increase of more than 138 percent, the automaker has said.
Azim Premji turned down Narayana Murthy's job application at Wipro: Report
Bengaluru: Infosys founder NR Narayana Murthy was rejected when he sought employment at Wipro, he revealed in a recent CNBC-TV18 interview.
Tata Consumer Products to buy Fab India owned Organic India for Rs 1,900 cr
Mumbai: Tata Consumer Products Friday announced its plans to acquire a stake of up to 100 percent in Organic India, a business owned by Fabindia.
Tata Consumer Products to acquire Capital Foods, the owner of Ching’s Secret and Smith & Jones brands
Mumbai: Tata Consumer Products on Friday announced its acquisition of a complete 100% stake in Capital Foods, the company that sells products under the brands Ching’s Secret and Smith & Jones, according to an exchange filing.
Alkem Laboratories reports fraudulent transfer of Rs 52 cr due 'cybersecurity incident'
Mumbai: Alkem Laboratories has reported a fraudulent transfer of Rs 52 crores due to a "cybersecurity incident."