Sensex opens at record high at 63,701.78 points
Mumbai/UNI: The BSE Sensex on Wednesday opened at a new peak at 63,701.78 as buying was seen across the board amid monthly F & O expiry.
Finance
UBS plans to cut over half of Credit Suisse's employees: Reports
Geneva: Swiss banking group UBS is planning to slash over half of Credit Suisse Group’s workforce starting next month as a result of the bank’s emergency takeover, media reports said.
Google slashes jobs at Waze
Search engine giant Google has said it has decided to slash jobs at its Waze mapping service since it is merging the unit with its own map products.
Rohit Jawa is the new MD & CEO of Hindustan Unilever
Rohit Jawa on Tuesday assumed the role of Managing Director and Chief Executive Officer at Hindustan Unilever Ltd (HUL), a leading FMCG company.
Length of India's National Highways grow 59% in the last nine years
New Delhi: Union Road Transport and Highways Minister Nitin Gadkari Tuesday said the total length of the National Highways in the country increased by about 59% in the last nine years.
Govt to unveil 'List of Critical Minerals for India”
New Delhi: India will unveil its first-ever critical minerals mines list on Wednesday, the Ministry of Mines said.
Coal Ministry receives 35 bids for 7th round of commercial coal mine auctions
New Delhi: Coal Ministry has received 35 offline bids for 18 coal mines in the seventh round of commercial coal mine auctions.
Sensex moves up 446.03 pts
Mumbai: The BSE Sensex on Tuesday registered a massive gain of 446.03 pts to close at 63,416.03 on the strength of financial services, Bankex,, Realty and Metal stocks though interest rates worries kept investors on edge.
SBFC Finance gets Sebi nod for Rs 1200 cr IPO
Mumbai: SBFC Finance Limited a non-deposit-taking non-banking finance company on Tuesday said it has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO).
Nagaland: New Jalukie daily market inaugurated, boosting economic prospects for the community
ADC Jalukie, TL Kiusumong Tikhir, NCS, inaugurated the newly established New Jalukie Daily Market on 20th June 2023. The event was attended by members of the New Jalukie Village Council, as well as neighboring village council representatives.
Land T Technology Services, BSNL join hands to enable private 5G network deployments for enterprises
New Delhi: L&T Technology Services, a leading global pure play engineering services company, announced that it has entered into a strategic partnership with Bharat Sanchar Nigam Limited (BSNL) to drive and enable global enterprises in their private 5G network deployments.
EPFO extends deadline for higher pension till July 11
New Delhi: Retirement fund body EPFO has extended the deadline to file applications to apply for higher pension till July 11.
Dun and Bradstreet India partners with West Bengal govt to foster MSME growth
Dun & Bradstreet India has partnered with the West Bengal government to issue D-U-N-S Numbers to exporters and MSMEs in the state.
Axis Mutual Fund launches ‘Axis Nifty IT Index Fund’
Kolkata: Axis Mutual Fund has announced the launch of their New Fund Offer – Axis Nifty IT Index Fund, an open-ended index fund tracking the NIFTY IT TRI.
PhonePe launches platform for merchant lending
Hyderabad/UNI: PhonePe, India’s largest payments app, enabling digital inclusion for consumers and merchants alike, on Monday announced the launch of its Merchant lending platform allowing Banks and NBFC's (Non-Banking Financial Companies) to provide access to credit in a completely digital and seamless manner to its vast merchant base of over 35 million merchants.
Startup ecosystem creation: Paytm inks MoU with Arunachal Pradesh
Paytm Payment Services Limited recently signed an MoU with Arunachal Pradesh Innovation and Investment Park (APIIP) to initiate a startup ecosystem for the youth of the northeastern state.
Indian Railways signs MoU with USAID/India to achieve Net Zero carbon emission by 2030
New Delhi: Indian Railways (IR) has signed a Memorandum of Understanding (MoU) with United States Agency for International Development/India (USAID/India)for collaboration on Renewable energy and Energy Efficiency.
Indian Railways to float Rs 25,000 cr tender to buy 60,000 wagons: Report
New Delhi: The Ministry of Railways intends to acquire approximately 60,000 additional wagons at an estimated cost of Rs 25,000 crore to enhance the proportion of freight traffic carried by Indian Railways (IR), Moneycontrol reported.
Inflation affecting consumer spending and personal consumption; attaining price stability key to revival: RBI
Mumbai: Inflation is impacting personal consumption expenditure and reducing consumer spending, according to the Reserve Bank of India (RBI)'s bulletin for June.
UPI transactions to account for India's 90% of retail digital transactions: RBI
Mumbai: The Unified Payments Interface (UPI) is projected to contribute to 90 percent of retail digital transactions volume in the coming five years, according to the Reserve Bank of India (RBI) bulletin.
After Modi-Musk meet in US, Mercedes-Benz says Tesla shouldn't be special concessions to manufacture cars in India
Luxury car manufacturer Mercedes-Benz has stated that India should not provide any special or exclusive privileges to electric car maker Tesla, media reports said.
Adani JV secures $213 mln funding to finance data centers in Noida and Chennai
AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, has secured $213 million in funding to support its data center projects in Noida and Chennai, media reports said.
First Made-in-India semiconductor chips to be out by Dec 2024: Communications and IT Minister Ashwini Vaishnaw
New Delhi: The first ‘Made-in-India’ chips are expected to be launched by December 2024 and the country is expected to have around 4-5 semiconductor facilities established within a year, Union Minister for Communications and IT Ashwini Vaishnaw said on Friday.
Govt to start disbursement of pending salaries and retirement benefits to British India Corporation employees from tomorrow
New Delhi: The disbursement of pending dues of employees at British India Corporation Ltd. (BIC) is expected to begin from Saturday, June 24, 2023, the Ministry of Textiles said in a statement.
Govt introduces Time of Day (ToD) Tariff and simplification of smart metering rules; 20% less during solar hrs, 10%-20% higher during peak hrs
New Delhi: Electricity tariffs will now vary according to the time of day, according to the changes made to the prevailing power tariff system.
India, US resolve 6 out 7 WTO disputes through discussions amid PM Modi's State visit to the US
New Delhi: India and the US successfully resolved six out of seven disputes at the World Trade Organization (WTO) through bilateral discussions during Prime Minister Narendra Modi's State visit to the US, according to Commerce Minister Piyush Goyal.
Indian Market: Sensex drops 259.52 pts
Mumbai: The BSE Sensex on Friday slipped further by 259.52 pts to close at 62,979.37 as heavy selling was seen in Commodities, Oil and Gas, Power and Metal stocks.
Applied Materials CEO Dickerson feels it is time for India to grow and shine
Gary E. Dickerson, the President and CEO of Applied Materials, on Wednesday, met Indian PM Narendra Modi and said he feels it is time for India to drive remarkable growth and shine.
Micron Technology chief Sanjay Mehrotra describes meeting with Narendra Modi as 'excellent'
Sanjay Mehrotra, President-CEO of Micron Technology, on Wednesday, said his meeting with Indian PM Narendra Modi was 'excellent'.
The Significance of Validating the IDV for Your Vehicle: Are You on Track?
IDV stands for Insured Declared Value. It is the maximum sum assured by an insurance company in case of a total loss or theft of a vehicle. It represents the current market value of the insured car. In car insurance, the IDV plays a crucial role in determining the premium amount and the claim settlement.