Twitter introduces worldwide account monetization
San Francisco/UNI/IBNS: Twitter has announced an option to monetize accounts, which will allow all its users to earn money from their posts.
Finance
Apple MixC Shenzhen opens in China
Shenzhen: Smartphone maker Apple on Friday previewed Apple MixC Shenzhen, the second store in this vibrant city.
Core sector growth dips to five-month low of 3.6% in March
New Delhi: The combined output of India's eight core industries dropped to a five-month low of 3.6% year-on-year in March 2023 as against 7.2% in the previous month, data from Commerce Ministry showed on Friday.
India steadfast despite formidable challenges says IMF report; Predicts India will grow by nearly 6% in FY24
Washington/New Delhi: India is expected to be the world's fastest-growing economy, despite facing significant challenges like financial sector turbulence, inflationary pressures, the impact of the Russia-Ukraine conflict, and the continued effects of the Covid-19 pandemic in the last three years, according to the International Monetary Fund's World Economic Outlook report.
Adani Group prepays $200 million part of debt used to acquire Holcim's India units: Report
Mumbai: Adani Cement Industries Ltd. has made a pre-payment of $200 million in the last week to reduce its $1 billion mezzanine loan that it had taken from global banks to finance the acquisition of Holcim Ltd.'s Indian units, Bloomberg reported citing sources.
Gadkari urges SCO members to collaborate on R&D for road transport challenges
New Delhi/IBNS: SCO Transport Ministers can send a collective message affirming their determination to solve the contemporary challenges of the transport sector to build a collaborative ecosystem in the SCO regions, Union Road Transport and Highways Minister Nitin Gadkari said as he chaired the 10th SCO Transport Ministers meeting in New Delhi on Friday.
6 Key Points to Consider When Searching for Online Loan Providers
A personal loan can help you tackle any planned or unplanned expenses. One of the biggest advantages of a personal loan is that a personal loan is an unsecured loan. This means that you needn’t furnish any documents or securities as a collateral for your loan. This also means that the turnaround time for a personal loan is much lesser than the turnaround time for secured loans.
State Bank of India announces successful pricing of its international USD denominated public bond for USD 750 million
Kolkata: Public sector major State Bank of India, acting through its London Branch, on Friday priced a 5-year US$750 million bond issuance at a coupon rate of 4.875 %.
India, EFTA leaders meet to boost bilateral trade and economic partnership
New Delhi: Ministers and high-level representatives from India and the European Free Trade Association (EFTA) States (Iceland, Liechtenstein, Norway, and Switzerland) gathered in New Delhi recently to discuss the prospects of resuming their negotiations towards a Trade and Economic Partnership Agreement (TEPA).
Aadhaar authentication transactions jump to 2.31 billion in March; Aadhaar-enabled e-KYC jumps by 16 pc
New Delhi/IBNS: Aadhaar holders have carried out nearly 2.31 billion authentication transactions in the month of March 2023, indicative of the growing usage of Aadhaar and the growth of the digital economy in the country, according to the Ministry of Finance.
SCO IBC Council Meeting held in Goa
Goa: India has proposed four areas of cooperation among the SCO members during the XIX Council Meeting of the Shanghai Cooperation Organisation Interbank Consortium (SCO IBC) in Goa on Wednesday.
India signs new Work Plan on quality infrastructure with Germany during Indo-German Working Group meeting in Berlin
Berlin (Germany): The Department of Consumer Affairs and the German Federal Ministry for Economic Affairs and Climate Action signed the new Work Plan for 2023 during the 9th Annual Meeting of the Indo-German Working Group on Quality Infrastructure. The plan was signed in Berlin, Germany on 25 April 2023.
Mahila Samman Saving Certificate: Union Minister Smriti Irani opens account under scheme announced in Budget FY24
New Delhi/IBNS: Union Minister Smriti Irani opened a Mahila Samman Savings Certificate (MSSC) account by visiting Sansad Marg Head Post Office Wednesday afternoon.
India jumps 6 places to Rank 38 in World Bank’s Logistics Performance Index 2023
New Delhi/IBNS: India has jumped 6 places to rank 38 out of 139 countries in the 7th edition of Logistics Performance Index (LPI 2023) of the World Bank.
European Free Trade Association representatives meet Commerce & Industry Minister Piyush Goyal to discuss bilateral trade and economic partnership
New Delhi/IBNS: The representatives of European Free Trade Association (EFTA) States, comprising Iceland, Liechtenstein, Norway, and Switzerland met with Commerce and Industry Minister Piyush Goyal on Wednesday in New Delhi to discuss the prospects of resuming their negotiations towards a Trade and Economic Partnership Agreement (TEPA).
Cabinet approves Medical Devices Sector policy aiming growth from present $11 bn to $50 bn in next 5 yrs
New Delhi/IBNS: A Union Cabinet meeting chaired by Prime Minister Narendra Modi approved the National Medical Devices Policy, 2023 Wednesday with the aim to bolster India as the global leader in the manufacturing and innovation of medical devices by achieving a 10-12% share in the expanding global market over the next 25 years, the government said in a statement.
Bajaj Allianz Life to disburse Rs 1,201 cr as bonus for FY23 to participating policyholders
Bajaj Allianz Life has declared a bonus of Rs 1,201 crores for its participating policyholders, which includes a regular reversionary bonus of Rs. 872 crores and a Terminal & Cash bonus of Rs. 329 crores.
Reliance General Insurance to accept Central Bank Digital Currency through YES Bank
Mumbai: Reliance General Insurance has tied up with YES Bank to facilitate the collection of premiums in the digital mode using the bank’s e₹ platform, the company said in a statement.
NSE revises methodology of Nifty equity indices for demergers
Mumbai: NSE Indices, a subsidiary of NSE, has announced the revisions in the treatment of demerger in Nifty equity indices.
Uber expands ‘Reserve’ rides to six more cities in India, adds cash payment option
New Delhi: Ride-hailing app Uber today announced the expansion of ‘Reserve’ across six more cities in India, providing riders across the option to pre-book their rides 30 minutes to 90 days ahead of their travel, the company said in a statement.
ISDS Empowers Manjeet Kumar: A Success Story for Progressive Farmers in JK
Jammu&Kashmir/IBNS: Manjeet Kumar, a livestock farmer from Trindi village in Samba District, J&K started his journey as a successful entrepreneur by implementing the Integrated Sheep Development Scheme (ISDS) in Jammu and Kashmir, which helped him make progress as a progressive farmer.
J&K Bank Receives Award for Exceptional Contribution to PM Awas Yojana
Srinagar/IBNS: J&K Bank was presented with an award by Housing and Urban Development Corporation Ltd (HUDCO) for its remarkable efforts in the housing sector of the country.
SBI inaugurates its fourth Startup Branch in Mumbai
Mumbai/IBNS: India's largest lender State Bank of India inaugurated its fourth startup branch in Mumbai to provide all the necessary banking services to startups under one roof.
Justdial to digitize Maharashtra’s Small Scale Industries & Handicraft Artisans through strategic partnership with MSSIDC
Indian hyperlocal search engine Justdial signed a strategic partnership with Maharashtra Small Scale Industries Development Corporation Limited (MSSIDC) under the aegis of the Maharashtra government.
BSL Ltd commissions Rs 150 crore cotton spinning unit in Rajasthan's Bhilwara
Kolkata: Textile manufacturer BSL Ltd has recently launched its first Cotton Spinning Unit in Rajasthan's Bhilwara at an investment of Rs 150 crore.
Biswa Bangla to launch its first export venture in UK, collaborates with Heritage Bengal Global
Biswa Bangla, the flagship brand of Bengal under the aegis of the MSME &T (Micro, Small, and Medium Enterprises & Textiles) department of the West Bengal government has joined hands with Heritage Bengal Global (HBG), a non-profit organization run by the Bengali diaspora in the UK, to launch its first export venture nearly a decade after it was first launched.
IIFL Finance repays $400 million Maiden Dollar Bonds issue on maturity
Mumbai: Fairfax-backed Mumbai-based non-banking financial company (NBFC) IIFL Finance has fully repaid its maiden dollar bonds issue due April 2023 along with interest upon maturity, a press release said.
Power Finance Corp approves Rs 633 cr loan for 5000 passenger EVs and 1000 cargo EVs
New Delhi/IBNS: Power Finance Corporation Ltd (PFC) has sanctioned a loan of Rs 633 crores to Gensol Engineering Ltd (GEL) for the purchase of 5000 passenger Electric Vehicles (EVs) and 1000 cargo EVs.
#mPower Business Women Meet" hosted by U.S. Consulate Kolkata and Contact Base held in Guwahati
Guwahati/IBNS: The "mPowerBusinessWomen Meet" was held on April 17 at Assam Startup- the nest in Guwahati, in partnership with Assam Startup- IIM CIP. The event aimed to enhance the capabilities of women-led enterprises and women collectives in expanding their businesses.
Schneider Electric to set up new manufacturing facility in Kolkata at investment of Rs 140 cr
Kolkata/IBNS: Schneider Electric’s new factory is all set to come up in Kolkata’s Prospace Industrial Park Pvt Ltd at an investment of Rs 140 crore.