itel launches P40 a 6000 mAh Power-packed Smartphone, check out price
New Delhi: Smartphone major itel launches its new Power Series with the contemporary P40 smartphone.
Finance
Invesco Mutual Fund launches two new Target Maturity Index Funds
Mumbai/IBNS: Invesco Mutual Fund Thursday announced the launch of two Target Maturity Debt Index Funds – Invesco India Nifty G-sec Jul 2027 Index Fund (An open-ended Target Maturity Index Fund tracking Nifty G-sec Jul 2027 Index.
Sports collectibles & skill gaming platform BuyStars raises $5 million in pre-series A round led by Lumikai
Mumbai: Sports collectibles and skill gaming company BuyStars Wednesday said it has raised $5 million in pre-series A round led by Indian Gaming and Interactive-focused VC Fund Lumikai, Chiratae and Leo Capital.
Exchanges freeze shares of Patanjali Foods' promoters for not meeting public shareholding norms
Mumbai: The stock exchanges have placed a hold on the shares owned by Patanjali Foods' promoters and promoter entities after they failed to comply with the minimum public shareholding requirement, Moneycontrol reported.
Competition Commission of India approves Reliance's acquisition of B2B retailer METRO Cash & Carry's India biz
Mumbai/Delhi: The Competition Commission of India has given its nod to Reliance Retail Ventures’ (RRVL’s) acquisition of METRO Cash & Carry India for a cash consideration of Rs 2,850 crore, according to an official statement.
Vendanta repays $100 mn loan to Standard Chartered Bank
Mumbai: Vedanta Resources Ltd said on Wednesday it prepaid $100 million to Standard Chartered Bank via release of encumbrance on March 10.
Indian Railways: Ramkrishna Forgings & Titagarh Wagons consortium wins bid for forged wheels project
Kolkata: A consortium of Ramkrishna Forgings Ltd, one of the leading suppliers of rolled, forged, and machined products, and Titagarh Wagons Ltd has been declared the Lowest Bidder (L1) by the Indian Railways for manufacturing and supplying of forged wheels.
Honda ups the ante in 100-110cc commuter segment, launches Shine 100 in India
Mumbai: Creating a new paradigm in mass mobility, Honda Motorcycle & Scooter India (HMSI) on Wednesday launched its most affordable and fuel-efficient mass motorcycle – Shine 100 in India.
Arunachal Pradesh: 24 farmers participate in mushroom production project
Jairampur: Twenty-four farmers are participating in mushroom production project at Changlang district of Arunachal Pradesh, media reports said on Wednesday.
Facebook's parent company Meta to cuts 10,000 additional jobs, slash 5,000 more vacant positions
Facebook's parent company Meta Platforms Inc. has planned to lay off around 10,000 employees and close about 5,000 additional open roles in its second major round of job cuts in the past six months.
India makes more real-time digital transactions than US, China, Europe combined, says official
New Delhi: India makes more real time digital transactions than US, China and Europe combined, Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, said on Tuesday.
RBL Bank distributes over 100 bicycles and school-kits to underprivileged girls in Kolkata
Kolkata: To mark the occasion of International Women’s Day, RBL Bank, under its CSR initiative - UMEED 1000, has donated 100 bicycles to underprivileged girl children in Kolkata.
HireMee named 'Most Promising Assessment Service Provider'
Bengaluru: Talent acquisition and talent management platform, HireMee has been named the ‘Most Promising Assessment Service Provider’ by ArdorComm Media.
India's wholesale inflation dips to 3.85 pc in February
New Delhi: India's wholesale inflation dipped to 3.85 percent in the month of February against 4.73 percent recorded in January, official data released on Tuesday revealed.
India's retail inflation drops marginally to 6.4 pct in February
New Delhi: India's annual retail inflation rate eased marginally to touch 6.44 per cent in February from 6.52 per cent in January, as per data released by the Indian government on Monday.
HSBC Holdings acquires Silicon Valley Bank UK Limited
New York: HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1 (INR 99).
Nokia unveils its latest budget smartphone Nokia C12, price details given
Mumbai: HMD Global, the home of Nokia phones, oon Monday announces the launch of the Nokia C12 in India.
After Silicon Valley Bank another US-based bank collapses
Washington: Signature Bank, New York, NY, was closed on Sunday by the New York State Department of Financial Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
Ranked among America's best banks by Forbes, SVB collapses days after: Regulators say, only depositors to be bailed out
There will be no bail out for investors of the now-collapsed Silicon Valley Bank (SVB) that recently appeared in Forbes magazine's annual ranking of the best banks in America, for the fifth year in a row, according to media reports.
Name mix-up: Fall of Silicon Valley Bank leaves customers of Mumbai-based bank in panic mode
Mumbai: The collapse of Silicon Valley Bank (SVB), considered one of the biggest seen in the US since 2008, has impacted a Mumbai-based cooperative bank.
India-Australia Relationship: Piyush Goyal, Don Farrell discuss implementation of the Economic Cooperation and Trade Agreement
New Delhi: India’s Minister of Commerce and Industry Piyush Goyal and Australia’s Minister for Trade and Tourism, Senator Don Farrell on Saturday met when they discussed implementation of the Economic Cooperation and Trade Agreement (ECTA).
Aramco's net income rises 46.5 pct YoY to USD 161.1 billion
Dhahran: Saudi Arabian oil major Aramco on Saturday announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a listed company.
Elon Musk says open to SVB buyout after tech lender closes
Washington: Twitter CEO Elon Musk says he is "open to the idea" of having his social media company buy the bankrupt Silicon Valley Bank (SVB).
Man booked for smoking, misbehaving on Air India's London-Mumbai flight
Mumbai: A case has been registered against an unruly passenger, who was caught smoking in the lavatory on an Air India London-Mumbai flight, Mumbai Police said on Sunday, news agency ANI reported
Govt appoints Siddhartha Mohanty as interim chairman of LIC: Report
Mumbai: The Centre has appointed Siddhartha Mohanty as the interim chairman of the Life Insurance Corporation of India (LIC) for a three months period, starting March 14, according to CNBC.
IDFC Mutual Fund rebrands to Bandhan Mutual Fund
Mumbai: IDFC Mutual Fund is set to adopt its new brand identity as Bandhan Mutual Fund on Monday.
US: California regulator shuts Silicon Valley Bank
Washington: Silicon Valley Bank, Santa Clara, California, was closed on Friday by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver.
Rajeev Chandrasekhar holds consultations with stakeholders on the proposed Digital India Bill
New Delhi: Union Minister of State for Electronics & IT(MeitY) Rajeev Chandrasekhar held consultations with stakeholders on the soon-to-be introduced Digital India Bill.
NPS subscribers grow 22.88% y-o-y to 624.81 lakh
New Delhi/IBNS: The National Pension System (NPS) has witnessed a significant surge in its subscriber base over the past year, with the number of subscribers under various schemes rising to 624.81 lakh as of March 4, 2023, the Ministry of Finance said on Friday.
India-US bilateral Commercial Dialogue 2023: Collaboration in range of sectors, including semiconductors, renewable energy, agreed
New Delhi/IBNS: India-US bilateral goods and services trade has almost doubled since 2014, exceeding US $191 billion in 2022, with the United States becoming India’s largest trading partner in 2022, signalling accelerated growth of bilateral trade between both countries, said a Joint Statement issued after the conclusion of the India-US Commercial Dialogue 2023 on Friday.