European countries reviving coal-fired power units amid shortage of gas supply
Aug 20, 2022, at 06:00 am
Ahead of the winter season, many European nations are prepping up their coal-fired power plants as a last resort to cover the gap in case other sources cannot produce enough electricity, especially due to lower gas flows from Russia as a result of disputes triggered by its invasion of Ukraine, media reports said.
Aug 20, 2022, at 03:29 am
Mumbai: The Reserve Bank of India (RBI) has issued a clarification over a bulleting article written by its researchers that said "a big bang approach to privatise them will do more harm than good" given the important role played by them in financial inclusion.
Aggressive focus on increasing coking coal production needed: Coal Minister
Aug 20, 2022, at 02:34 am
New Delhi: India needs an aggressive focus on increasing coking coal production to reduce import dependence, Coal Minister Pralhad Joshi said Friday while inviting suggestions from all stakeholders for finding technology solution and using available coking coal in the country.
Edelweiss Tokio Life offers new Flexi Savings Plan
Aug 20, 2022, at 02:27 am
Kolkata: Edelweiss Tokio Life Insurance today announced a new participating product called Flexi Savings Plan which offers an innovative optional feature called Accrual of Survival Benefit.
Indian Market: Sensex drops 651.85 points
Aug 19, 2022, at 11:47 pm
Mumbai: The BSE Sensex on Friday crashed 651.85 points at 59,646.15 on weak global cues.
JK Tyres strengthens commercial vehicle portfolio with launch of new product offerings
Aug 19, 2022, at 03:55 pm
Kolkata: Indian Tyre major and the market leader in Truck Bus Radial segment, JK Tyre & Industries Ltd. today launched two new product offerings - Jetsteel JDH XM and Jetway JUC XM thereby further expanding their radial tyre portfolio.
Aug 19, 2022, at 03:43 pm
Cochin: Volkswagen Passenger Cars India celebrates the first day of Chingam and Onam festivities through a mega delivery program by delivering 175 cars to customers in Kerala in a day.
19th International Foodtech Kolkata 2022 show gearing up to draw foreign and Indian companies
Aug 19, 2022, at 05:32 am
Kolkata/IBNS: More than 130 major foreign and Indian food and hospitality sector companies and leading brands would participate at the eastern region’s largest food and hospitality exhibition - 19th International Foodtech Kolkata 2022 – to be held at the Biswa Bangla Milan Mela Prangan from 26 to 28 August.
Logistics startup Shiprocket enters unicorn club with Rs 259 cr fundraise
Aug 18, 2022, at 11:17 pm
Mumbai: Zomato-backed logistics startup Shiprocket has raised Rs 259 crore in an extended Series E round at a post-money valuation of Rs 9,815 crore (around $1.2 billion), Moneycontrol reported citing company filings with the Ministry of Corporate Affairs (MCA).
Aug 18, 2022, at 05:46 am
Kolkata: Digital product engineering service provider Calsoft Inc unveiled its new centre in Kolkata on Wednesday.
Aug 18, 2022, at 02:43 am
New Delhi: The Union Cabinet has extended the Emergency Credit Line Guarantee Scheme (ECLGS) from Rs 50,000 crore to Rs 5 lakh crore, Information & Broadcasting Minister Anurag Thakur said Wednesday.
Aug 18, 2022, at 02:25 am
Mumbai: India's youngest airline, Akasa Air, which hit the skies days before its promoter--billionaire investor Rakesh Jhunjhunwala passed away--has said it has strong financial means to add a new aircraft every two weeks or 72 aircraft over the next five years, media reports said.
Essar signs new 60 million litre fuel deal with D.A Roberts
Aug 18, 2022, at 12:04 am
Stanlow: Essar Oil UK Limited has cemented a long-standing relationship with D.A Roberts after signing a five-year, 60 million litre fuel deal with the Shropshire-based business.
Axis Bank signs MOU with Indian Coast Guard
Aug 17, 2022, at 11:28 pm
Mumbai: Axis Bank, India’s third largest private sector bank, reinforced its commitment to the Defence sector by signing an MOU with the Indian Coast Guard, offering a defence service salary package with best-in-class benefits and features under its ‘’Power Salute’’ initiative.
HireMee to assess and prepare 1.5 lakh Telangana students for jobs
Aug 17, 2022, at 03:40 pm
Hyderabad: AI based assessment and skilling platform, HireMee and Telangana government body for enhancing skilling synergy among hiring institutions & academia, Telangana Academy for Skill and Knowledge (TASK) have entered into an arrangement to provide access to college students from the State to assess their quantitative and qualitative aptitude using Bengaluru-based firm’s artificial intelligence based well established proctored assessment.
Indian Market: Sensex rises 96 points
Aug 17, 2022, at 03:33 pm
Mumbai: The BSE Sensex on Wednesday gained 96 points to open at 59,938.01 as buying was seen across the board.
Indian Market: Sensex surges 379.43 points
Aug 16, 2022, at 11:46 pm
Mumbai: The BSE Sensex on Tuesday advanced 379.43 points at 59,842.21 following gains in auto, realty, consumer discretionary goods and services and industrial stocks.
Linc Limited clocks YoY growth of over 78 pct
Aug 16, 2022, at 09:43 pm
Kolkata: Linc Limited on Tuesday said its income for Q1 FY 23 amounted to Rs. 9,926 lacs as against Rs. 5,553 lacs in Q1 FY 21, cloaking a YoY growth of over 78 percent.
HDFC Bank launches 'Vigil Aunty' campaign to promote freedom from fraud
Aug 16, 2022, at 09:00 pm
Mumbai: HDFC Bank today announced that the Bank will celebrate 75 years of India's independence by launching a new campaign, 'Vigil Aunty', which will encourage people across the country to practise safe banking habits.
India's wholesale inflation eases to 13.93% in July
Aug 16, 2022, at 07:34 pm
New Delhi/UNI: India's wholesale price index (WPI)-based inflation eased to 13.93 percent in July this year from 15.18 percent in the previous month, data from the Commerce Ministry showed on Tuesday.
Aug 16, 2022, at 02:41 pm
Banbury/Mumbai/Wolfsburg: Mahindra & Mahindra Ltd. (M&M) and The Volkswagen Group and on Monday announced they intend to expand their cooperation.
All about India's legendary investor Rakesh Jhunjhunwala who believed risk is the essence of life
Aug 15, 2022, at 04:02 am
Mumbai: Veteran stock investor Rakesh Jhunjhunwala passed away on Sunday at the age of 62. The Dalal Street legend, who entered the stock market with just Rs 5,000 in 1985, had an estimated net worth of $5.5 billion, roughly Rs 43,800 crore, according to Forbes data, when he breathed his last in Breach Candy Hospital.
SBI, BSE & Mission Youth join to train 5000 J&K youth in Banking & Insurance Sector: LG Manoj Sinha
Aug 14, 2022, at 11:51 pm
Srinagar: Jammu and Kashmir Lieutenant Governor Manoj Sinha on Sunday lauded the efforts of Mission Youth, Bombay Stock Exchange (BSE) and State Bank of India (SBI) for coming together to provide a vibrant medium to train and empower 5000 J&K youth in Banking, Financial Services & Insurance (BFSI) Sector.
CCI approves merger of HDFC Bank with HDC Ltd
Aug 14, 2022, at 08:53 pm
The Competition Commission of India (CCI) has approved the merger of HDFC Bank with its parent HDFC Ltd.
Aug 13, 2022, at 03:24 pm
New Delhi: Telecom minister Ashwini Vaishnaw Friday told the employees of loss-making Bharat Sanchar Nigam Ltd to focus on customer issues and resolve them expeditiously to turn its fortunes in the highly competitive telecom market, media reports said.
Dabur India AGM: Mohit Burman Dabur's new Chairman says economies hit by one crisis after other
Aug 13, 2022, at 07:10 am
Packaged goods major Dabur Friday said its board has accepted the resignation of Amit Burman as chairman with effect from August 10, adding that he will continue to work as the non-executive director of the company.
LIC Q1FY23: Net profit shoots to Rs 603 cr; premium income grows to Rs 98,805
Aug 13, 2022, at 04:27 am
Government-owned Life Insurance Corporation (LIC), which recently went public, Friday said its net profit rose to a staggering Rs 603 crore in the quarter ended June 30 from Rs 24.3 crore in the same quarter last fiscal.
Momo brand Zomoz enters eastern India market with first outlet in Kolkata
Aug 13, 2022, at 02:26 am
Kolkata/IBNS: Hyderabad based quick-service restaurant chain, Zomoz, which specialises in making momos, has started operations in Kolkata.
India's factory output in June surges to 12.3 pc on low base
Aug 13, 2022, at 12:33 am
New Delhi: On the back of a favourable base, India's factory output measured by Index of Industrial Production (IIP) grew by 12.3 percent in June this year reflecting ongoing economic recovery post-pandemic.
Aug 12, 2022, at 11:50 pm
Mumbai: In a bid to make this festive season special, Tata Motors, India’s leading automotive manufacturer has joined hands with State Bank of India, India’s largest bank, to offer Electronic Dealer Finance solution (e-DFS) to its authorized passenger EV dealers.