India’s coal prodn jumps to record 223.36 MT in Q1FY24
Jul 22, 2023, at 05:40 am
New Delhi: India’s coal sector registered the highest ever coal production at 223.36 million tonnes (MT) in Q1FY24, a growth of 8.55% compared to the production of 205.76 MT during the same period during FY 2022-23, the Ministry of Coal said.
Reliance Industries Q1FY24 net profit drops 10% YoY to Rs 16,011 cr; dividend declared
Jul 22, 2023, at 05:04 am
Mumbai: Reliance Industries (RIL) on Friday reported a net profit of Rs 16,011 crore for FY24, a decline of 10.8 percent compared to Rs 17,955 crore in the same period last year.
India's UPI to be available in Sri Lanka soon
Jul 22, 2023, at 04:27 am
New Delhi: India's instant payment technology Unified Payments Interface (UPI) will now be used in Sri Lanka.
US Fed slaps $186 mn fine on Deutsche Bank over unsafe practices
Jul 20, 2023, at 06:30 am
The US Federal Reserve has imposed a fine of $186 million on German lender Deutsche Bank for violations related to sanctions and deemed "unsafe and unsound" banking practices at its US subsidiaries, AFP reported.
Ireland’s first low-carbon district heating network employs Honeywell Solstice Ze Refrigerant
Jul 20, 2023, at 06:10 am
Mumbai: Honeywell on Wednesday announced that Ireland’s first low-carbon district heating network located in Tallaght, Dublin, is using a heat pump with its energy efficient, ultra-low-global-warming-potential (GWP) hydrofluoroolefin (HFO) Solstice® ze (R-1234ze) refrigerant.
Indian hotel industry to witness decadal-high occupancy of 70-72% in FY2024: ICRA
Jul 20, 2023, at 05:27 am
Mumbai: The pan-India premium hotel occupancy is expected to be at around 70-72% in FY2024, after recovering to 68-70% in FY2023, according to credit rating agency ICRA.
Tata Group to set up a battery gigafactory in the UK
Jul 20, 2023, at 04:45 am
Gaydon (UK): Tata Sons today announced plans to establish a global battery cell gigafactory in the UK with a capacity to produce 40GW of cells annually.
India's growth rate can push its poverty elevation efforts: World Bank President Ajay Banga
Jul 20, 2023, at 03:11 am
New Delhi: India’s growth rate can be the vantage point in its poverty elevation efforts, according to World Bank President Ajay Banga.
Jul 20, 2023, at 12:25 am
Kolkata: Power Finance Corporation, is one of India’s leading public financial institution and a Schedule-A Maharatna Central Public Sector Enterprises (CPSE), focused on the power sector, has filed tranche I prospectus dated July 17, 2023 for public issue of secured, rated, listed, redeemable, non-convertible debentures of the face value of Rs. 1,000 each.
Indian Market: Sensex ends life-time-high at 67,097.44 pts
Jul 19, 2023, at 11:00 pm
Mumbai: The equity market maintained its supremacy on Wednesday too, as the BSE Sensex ended an all-time-high, touching 67K for the first time at 67,097.44, gaining 302.30 pts amid fresh foreign fund inflows and optimism in the US Market.
Tata Enterprise's Westside refurbishes standalone store at Kolkata
Jul 19, 2023, at 12:33 am
Kolkata: The Tata enterprise, Westside, has recently renovated its 22-year old store in West Bengal, India.
Amit Shah launches portal which will help 10 crore Sahara depositors get refund
Jul 18, 2023, at 10:16 pm
New Delhi: Union Home Minister and Minister of Cooperation Amit Shah launched the Central Registrar of Cooperative Societies (CRCS)-Sahara Refund Portal in New Delhi on Tuesday.
Indian Market: Sensex ends historic high at 66,795.14 pts
Jul 18, 2023, at 09:51 pm
Mumbai: Record-breaking rally continued on Tuesday too, as the BSE Sensex ended at a historic high at 66,795.15, rising 205.21 pts following gains in IT, Technology and Capital Goods stocks amid fresh foreign fund inflows and buying in banking counters.
MX Player, DistroTV partner to build India’s Live TV Streaming Service
Jul 18, 2023, at 07:21 pm
DistroTV, a free, ad-supported streaming TV (FAST) app, has announced that it is expanding its distribution in partnership with MX Player, India’s OTT Platform via an app-in-app integration.
Sensex opens high at 66,828.96 points
Jul 18, 2023, at 05:23 pm
Mumbai/UNI: The equity market remained on top on Tuesday too, as the Sensex opened at an all-time high of 66,824.96, up 238 pts on the strength of utilities, auto, banking, and Capital Goods stocks.
Rupee rises 3 paise against USD
Jul 18, 2023, at 05:16 pm
Mumbai/UNI: Rupee on Tuesday marginally gained by three paise at 82.01 against the US Dollar in the opening session on selling of the US Dollar by bankers and exporters, dealers at Foreign Exchange said.
Bank of Canada hikes key interest rate by 25 basis points to 5 percent, highest since 2021
Jul 18, 2023, at 02:57 am
Ottawa/IBNS: The Bank of Canada has made the cost of borrowing more expensive by reportedly raising its policy interest rate for the 10th consecutive time, by 25 basis points amounting to 5 percent, the highest it’s been since 2001.
Indian Market: Sensex ends its all-time high at 66,589.93 pt
Jul 17, 2023, at 09:50 pm
Mumbai: The BSE Sensex on Monday ended at an all-time high of 66,589.93 pts, surging 529.03 pts following gains in banking, Financial services, and Health Care stocks.
Sensex opens at 66,148.18 points
Jul 17, 2023, at 05:38 pm
Mumbai/UNI: The BSE Sensex on Monday opened at a new high at 66,148.18, rising 88 points on the strength of Metal, technology, and Power stocks.
Startups will increase 10 times in the next 4-5 years: MoS Rajeev Chandrasekhar
Jul 17, 2023, at 12:16 am
Union Minister of State for Skill Development & Entrepreneurship and Electronics & IT, Rajeev Chandrasekhar, highlighted India’s remarkable progress in building unicorns and startups, how they have successfully entered areas in emerging technologies, such as AI, Web 3, and deep tech.
Credit card spending reaches record high at Rs 1.4 lakh cr in May; 87.4 million cards in circulation
Jul 16, 2023, at 08:57 pm
Mumbai: Credit card spending in India hit a record level of Rs 1.4 lakh crore in May, the data released by the Reserve Bank of India (RBI) revealed.
Central banks of India, UAE agree to link UPI systems, card payments
Jul 16, 2023, at 07:20 pm
Abu Dhabi: The Central banks of India and UAE on Saturday inked agreements in Abu Dhabi to set up a framework for cross-border transactions in local currencies and interlinking of payment and messaging systems.
Jul 16, 2023, at 03:06 am
Dhaka/Ahmedabad: Adani Group Chairman Gautam Adani called on Bangladesh Prime Minister Sheikh Hasina in Dhaka on Saturday following the full load commencement of power supply to Bangladesh from the Group’s Ultra Super-Critical Thermal Power Plant (USCTPP) in Jharkhand’s Godda.
Indian Market: Sensex ends all-time-high at 66,060.90 pts
Jul 14, 2023, at 09:50 pm
Mumbai: The BSE Sensex ended Friday at a historic high, touching the 66K level at 66,060.90, registering massive gains of 502.01 pts on strong global cues.
Tata Metaliks reports Rs 4.55 cr PAT in Q1FY24
Jul 14, 2023, at 05:26 am
Kolkata: Tata Metaliks Ltd Thursday said its net profit for the quarter ended June FY24 stood at Rs 4.55 crore, growing multifold from just Rs 1.22 crore in the previous year period.
Centre imposes import restrictions on specific gold jewellery, articles
Jul 13, 2023, at 06:14 am
New Delhi: The Centre on Wednesday implemented import restrictions on specific gold jewellery and articles to reduce the import of non-essential items.
Infosys decides to defer salary hikes of employees below senior management level: Report
Jul 13, 2023, at 05:40 am
Bengaluru: IT services company Infosys has decided to postpone salary hikes for employees below the senior management level, according to a report in Moneycontrol.
GST Council decides to levy 28 pc tax on online gaming, casinos and horse-racing
Jul 12, 2023, at 10:58 pm
New Delhi: The all-powerful GST Council chaired by Union Finance Minister Nirmala Sitharaman on Tuesday decided to impose 28% tax on online gaming, horse racing and casinos.
Is it possible to obtain car insurance with a temporary registration number?
Jul 12, 2023, at 05:08 pm
An accident in your brand-new car can be heartbreaking. And when the accident happens to your car that still has a temporary registration number can be all the more worrisome. It could bring a lot of questions and confusion to your mind. So, if you are wondering if you can get car insurance with a temporary registration number, read on. We may have some good news for you.
Gautam Adani considering bidding for Anil Ambani's coal-fired power plants under auction: Report
Jul 12, 2023, at 06:20 am
New Delhi: Billionaire Gautam Adani is contemplating a bid for the coal-fired power plants owned by Anil Ambani, who is facing financial difficulties, Bloomberg reported.