Air traffic surpasses four lakh mark for two consecutive days in India
Nov 29, 2022, at 08:05 pm
New Delhi/IBNS: Domestic flights flew more than four lakh passengers for two successive days, indicating positive signs of recovery for India's civil aviation sector.
Hyderabad-based QSR chain ZOMOZ raises funds for global expansion
Nov 29, 2022, at 06:41 pm
Hyderabad/IBNS: Internet food company Zomoz has raised an undisclosed amount from existing investor and food tech unicorn Rebel Foods in its second round of capital to further global expansion.
Indian stock market touches record high
Nov 29, 2022, at 12:08 am
Mumbai: India's stock market on Monday reached an all-time high just an hour into opening, driven by strong domestic macros and sharp correction in oil prices.
CII wants RBI to consider moderating its monetary tightening pace
Nov 28, 2022, at 11:01 pm
Mumbai/IBNS: The Confederation of Indian Industry (CII) wants the Reserve Bank of India (RBI) to consider moderating the pace of its monetary tightening from the earlier 50 basis points given the challenges emanating from global uncertainties.
Nov 27, 2022, at 08:51 pm
Mumbai/IBNS: Paytm on Saturday informed the bourses that the Reserve Bank of India has ordered its subsidiary Paytm Payment Services Ltd (PPSL) not to onboard new online merchants, reported media.
Sithraman urges startups to innovate to tackle climate change, boost millet production
Nov 27, 2022, at 08:46 pm
Bengaluru/IBNS: Union Finance Minister Nirmala Sitharaman Saturday urged the startups to foray into less glamorous areas like climate change, millet production and improving the condition of farmers, said media reports.
NDTV purchase a 'responsibility' rather than a 'business opportunity': Gautam Adani
Nov 26, 2022, at 06:01 pm
New Delhi: Billionaire Gautam Adani, Chairman of Adani Group, wants to transform New Delhi Television Ltd (NDTV) into a global news brand as India “does not have one single [outlet]” compared to big international media houses, according to a media report.
Amazon denies laying off employees, says all resignations voluntary
Nov 26, 2022, at 05:58 pm
Bengaluru/IBNS: Amazon has told India’s labour ministry that it did not sack any employee and all the workers left the company voluntarily as part of the Voluntary Separation Plan (VSP), media reports said.
RBI allows banks to open 12 'vostro accounts' to facilitate rupee acceptance in international trade
Nov 26, 2022, at 05:04 pm
New Delhi: In a move to facilitate import-export trade in the rupee, the Reserve Bank of India (RBI) permitted banks to open “vostro accounts”.
Adani Enterprises to raise Rs 20,000 cr through FPO
Nov 26, 2022, at 05:10 am
Ahmedabad/IBNS: Adani Enterprises on Friday approved a Rs 20,000 crore further public offering (FPO) of equity shares of the company, media reports said.
FM Sitharaman aims to bring down fiscal deficit amid global economic turmoil
Nov 26, 2022, at 04:39 am
New Delhi/IBNS: India aims to narrow its budget deficit by 50 basis points even as the country is forced to spend more on food and energy owing to the war in Ukraine, media reports said.
Nirmala Sitharaman holds pre-budget meeting with finance ministers of states & UTs
Nov 26, 2022, at 02:40 am
New Delhi: Union Finance Minister Nirmala Sitharaman Friday held a pre-budget meeting of finance ministers of all states and union territories for taking their inputs and suggestions for the 2023-24 Budget.
India-Gulf Cooperation Council (GCC) decide to pursue resumption of FTA Negotiations
Nov 26, 2022, at 12:21 am
New Delhi: Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food, and Public Distribution and Textiles, Government of India, and Nayef Falah M. Al-Hajraf, Secretary General, Gulf Cooperation Council (GCC), held a Joint Press Conference, in New Delhi on Friday, to announce the intent to pursue negotiations on the India-GCC FTA.
Centre releases Rs. 17,000 crore of GST compensation to States/UTs
Nov 25, 2022, at 10:29 pm
New Delhi: The Central Government released an amount of Rs. 17,000 crore to States/UTs on 24.11.2022 towards the balance GST compensation for the period April to June, 2022.
Nov 25, 2022, at 09:02 pm
The season seems ripe for investors in the banking and financial services sector. While larger BFSI stocks, several of which are part of the popular benchmarks, have generally crept northwards, a diverse range of smaller names has attracted fresh allocations from investors looking for cheaper bargains, especially those in the financials space.
Reliance Jio rolls out True-5G coverage in all 33 dists headquarters of Gujarat
Nov 25, 2022, at 07:45 pm
Mumbai/UNI: Reliance Jio on Friday said that it has started rolling out True-5G coverage in all the 33 district headquarters of Gujarat.
Meesho appoints Divyesh Shah as Vice-President – Engineering
Nov 24, 2022, at 11:03 pm
Bengaluru/IBNS: Internet commerce company Meesho Thursday announced the appointment of Divyesh Shah as Vice-President, Engineering.
Quiklyz signs MoUs with five last-mile mobility players to deliver 1000 electric 3-wheelers
Nov 24, 2022, at 06:09 pm
Mumbai/IBNS: Quiklyz, the vehicle leasing and subscription business of Mahindra & Mahindra Financial Services, has signed MOUs with prominent Last Mile Mobility players for leasing over 1000 electric 3-wheelers (3W), the company said Wednesday.
EU proposes gas price cap at 275 euros/MWh as 'last resort'
Nov 23, 2022, at 10:21 pm
Brussels/IBNS: A European gas price cap at 275 euros (283 US dollars) per megawatt hour (MWh) has been proposed Tuesday, Energy Commissioner Kadri Simson announced in Strasbourg, France.
AI launches new flights to six major US & European cities
Nov 23, 2022, at 10:16 pm
New Delhi/IBNS: Air India on Wednesday launched new flights connecting Mumbai with New York, Paris and Frankfurt, and restarted non-stop flights connecting Delhi with Copenhagen, Milan and Vienna.
Google likely to lay off 10,000 people in early 2023: Reports
Nov 23, 2022, at 07:01 am
Amid a wave of layoffs, Google’s parent company Alphabet, too, plans to fire a significant chunk of its workforce--around 6 percent, or 10,000 people, media reports said.
RIL chairman Mukesh Ambani says Indian economy to grow 13-fold to $40 trillion by 2047: Report
Nov 23, 2022, at 06:08 am
Gandhinagar: India is likely to become a $40 trillion economy by 2047—a 13-fold jump from its current size—on the back of, primarily, a clean energy revolution and digitalisation, Reliance Industries Chairman Mukesh Ambani said on Tuesday, media reported.
L&T completes Linde's gasification plant project, ships modules weighing 34,000 MT to Singapore
Nov 23, 2022, at 05:25 am
Mumbai/IBNS: Larsen & Toubro, an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services, completed the supply of 46 Process & Piperack Modules to Linde Engineering, Singapore for a gasification complex, a company press release said.
India's iconic beverage brand Rasna's founder Areez Pirojshaw Khambatta no more
Nov 23, 2022, at 04:50 am
Ahmedabad/IBNS: Areez Pirojshaw Khambatta, the man behind India’s iconic beverage brand Rasna, is no more, the company said.
Reliance Jio gets NCLT's nod to acquire Reliance Infratel
Nov 23, 2022, at 03:21 am
Mumbai/IBNS: Reliance Jio Monday secured approval of the National Company Law Tribunal (NCLT) to acquire debt-laden Reliance Infratel in a bankruptcy resolution that lingered for two years, media reports said.
Qatar to supply LNG to China for 27 yrs in world's 'longest' deal
Nov 23, 2022, at 01:59 am
China inked a $60 billion deal with Qatar on Monday to buy Liquified Natural Gas (LNG) for 27 years at a time when Europe is struggling to secure alternative resources, media reports said.
Tata Motors introduces Tata Tiago NRG
Nov 22, 2022, at 10:56 pm
Mumbai: Automobile major Tata Motors on Tuesday announced the introduction of its newest addition to the iCNG family with the Tiago NRG iCNG.
Axis Bank and Flipkart partner to launch ‘Flipkart Axis Bank Super Elite’ Credit Card
Nov 22, 2022, at 10:49 pm
Kolkata: Axis Bank, India’s third largest private sector bank, and Flipkart, India’s homegrown e-commerce marketplace have partnered to launch the ‘Super Elite Credit Card’.
Our Free Trade Agreement with India has passed through parliament: PM Anthony Albanese
Nov 22, 2022, at 10:31 pm
New Delhi: Australian PM Anthony Albanese on Tuesday announced his government's Free Trade Agreement with India has been passed by the country's Parliament.
Home Loan Balance Transfer: Benefits and Factors to Consider
Nov 22, 2022, at 06:12 pm
Many home loan borrowers switch their ongoing home loans to a new lender upon getting better loan terms and a lower rate of interest. For customers servicing their existing home loans at a high rate of interest, a home loan balance transfer facility is a practical and feasible option.