FM Sitharaman to visit US to attend Spring Annual Meetings of the IMF-World Bank
New Delhi/IBNS: Finance Minister Nirmala Sitharaman will start an official visit to the USA on April 10, 2023, an official statement said on Saturday.
Finance
Kolkata Metro to test run underwater coaches on Sunday: Report
Kolkata: West Bengal’s capital Kolkata is set to witness the test run of two six-coach trains on the 4.8 km stretch between Esplanade and Howrah Maidan, marking India’s first underwater journey, TOI reported.
Employment slows down in US as economy cools
Washington: Job gains in the US decreased for a second consecutive month in March, the latest government data revealed, indicating that the economy is slowing down as policymakers continue their efforts to curb inflation, AFP reported.
Fintech company ZestMoney to cut 20% workforce: Report
Bengaluru: ZestMoney, a buy now, pay later (BNPL) platform based in Bengaluru, is cutting 100 jobs, around 20% of its workforce, Business Standard reported.
Mustard seed prices slip below MSP: Report
Pune: The price of mustard seeds, India's primary oilseed crops, has slipped below the minimum support price (MSP), ET reported.
Tesla cuts down car prices amid economic slowdown
New York: Elon Musk’s Tesla has reduced the prices of its electric cars in the United States, its website showed on Thursday, apparently to offer discounts to potential customers in light of an economic slowdown.
CCI approves SREI Infra Finance's acquisition by NARCL, IDRCL
New Delhi: The Competition Commission of India (CCI) announced on Thursday that it has given the green light for National Asset Reconstruction Company Ltd (NARCL) and India Debt Resolution Company Ltd (IDRCL) to acquire SREI Infrastructure Finance.
Airbus to set up new assembly line in China, gets nod for 160 plane order
Beijing: European aircraft manufacturer Airbus has announced plans to set up a second assembly line in China, with the aim of doubling its capacity in the country and enhancing its presence in the world's second-largest aviation market, Reuters reported.
Russia remains top crude oil supplier to India in March with 1.64 million bpd
Russia supplied 1.64 million barrel per day (bpd) of crude oil to India, surpassing traditional suppliers such as Saudi Arabia and Iraq, Moneycontrol reported.
Suzuki introduces Stunning New Colours for its legendary Hayabusa
New Delhi: Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation on Friday launched a new series of vibrant colours for the third generation Hayabusa model which has now become OBD2-A compliant.
Rasna creator Areez Pirojshaw Khambatta awarded ‘Padma Shri’
Kolkata: Late Areez Pirojshaw Khambatta, Founder and Chairman of Rasna Group, has been awarded the Padma Shri (Posthumous), 2023, for his work in Trade and Industry in the state of Gujarat.
Pohela Boisakh: Amazon.in launches specially curated shopping store
Kolkata: Double up your excitement and celebration this festive season as Amazon.in brings to you it's specially curated ‘Pohela Boishakh shopping store’ that offers a wide selection of products to address the varied shopping needs of customers celebrating Bengali new year.
Cabinet approves revised domestic gas pricing guidelines, natural gas price set at 10 pct of Indian Crude Basket monthly average
New Delhi/IBNS: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has approved the revised domestic natural gas pricing guidelines for gas produced from nomination fields of ONGC and other legacy old fields.
ICICI Securities appoints Pratik Loonker as Head of Institutional Syndication
Mumbai: ICICI Securities Thursday said it has appointed Pratik Loonker as the Head of Institutional syndication of the organisation.
UPI emerges as the second most preferred repayment method for digital loans: CASHe Report
Kolkata: UPI emerged as the second most preferred repayment method after e-NACH for borrowers on CASHe, a credit-led, AI-driven financial wellness platform.
YES Bank appoints Archana Shiroor as designate Chief Human Resources Officer (CHRO)
Mumbai/IBNS: YES BankThursday appointed Archana Shiroor as its designate Chief Human Resources Officer (CHRO).
TVS SCS bags contract from the UK Ministry of Defence for Land Rover spares
Chennai: TVS Supply Chain Solutions today said that it has won a contract for the supply of spares, consumables and accessories for the Land Rover Wolf Platform from the UK Ministry of Defence (MOD), acting through its Agent, Babcock Land Defence Ltd.
In relief for borrowers, RBI keeps repo rate unchanged at 6.5%
Mumbai/UNI: In a respite for borrowers, the Reserve Bank of India's (RBI) monetary policy committee (MPC) on Thursday decided to keep the policy repo rate unchanged at 6.5 per cent.
Bridgestone's Potenza Sport tyre chosen exclusive tyre partner for Lamborghini Revuelto
Brussels: Bridgestone has been chosen by Lamborghini as its exclusive tyre partner for the new Revuelto, Lamborghini’s first-ever super sports V12 HPEV (High Performance Electrified Vehicle).
India, Russia trade surpassing records: Russian trade official
New Delhi/UNI: President of the Russian Chamber of Commerce and Industry Sergey Katyrin said today that trade between the two nations is "breaking records". At the end of 2022, bilateral trade reached a record high of $35.3 billion, which is 2.5 times more than in 2021, he noted.
RBI MPC meet: Rate setting panel to announce decision on key lending rates on Thursday
Mumbai: The Reserve Bank of India is expected to declare another increase in interest rates on Thursday, as part of its bi-monthly review of monetary policy, said reports.
Religare Enterprises to acquire MyInsuranceClub to expand into insurance distribution
New Delhi: Financial services company Religare Enterprises Ltd (REL) has signed a Share Purchase Agreement for the proposed acquisition of insurance web aggregator MyInsuranceClub (MIC) from iGear Holdings Private Limited, a part of The Indian Express Group, according to a company statement.
WTO predicts a meagre 1.7 pc growth in world trade in 2023
The global uncertainties are likely to impact economic activities significantly, World Trade Organization (WTO) said on Wednesday and predicted the growth in world trade to increase by merely 1.7 percent in 2023.
Adani Ports reports 9 pc growth in FY23, largest port cargo volume ever
Ahmedabad/IBNS: Adani Ports and Special Economic Zone Ltd (APSEZ) has reported a 9 percent growth in cargo handling in the seaports it runs for FY23 ended March 31.
Reliance Retail launches omni-channel beauty retail platform 'Tira'
Mumbai: Reliance Retail Limited on Wednesday said it has launched Tira, an omni-channel beauty retail platform that offers a seamless and personalized shopping experience to beauty enthusiasts across India.
Tsutsumu Otani to be new President, CEO & MD of Honda Motorcycle and Scooter India
Mumbai/IBNS: Honda Motor Company Ltd announced on Wednesday that Tsutsumu Otani will be taking on new responsibility as the president, chief executive officer and managing director of Honda Motorcycle & Scooter India.
Over Rs 40,600 cr sanctioned to over 1,80,630 accounts in 7 yrs under grassroots entrepreneurship scheme: FM Sitharaman
New Delhi/IBNS: The government has sanctioned over Rs 40,600 cr in the last seven years under Stand-Up India (SUPI) Scheme aimed at promoting entrepreneurship at the grassroots level focusing on economic empowerment and job creation.
Kotak General Insurance partners with actyv.ai to provide insurance products to MSMEs
Kolkata: Kotak Mahindra General Insurance Co. Ltd (Kotak General Insurance) on Wednesday announced that it has partnered with actyv.ai to offer bite-sized insurance products to new-age Micro, Small and Medium Enterprises (MSME) companies.
Indian economy continues to show resilience amid global uncertainties: World Bank
New Delhi: India’s growth continues to be resilient despite some signs of moderation in growth, says the World Bank in its latest India Development Update, the World Bank India’s biannual flagship publication.
After Lithium in J&K, large deposits of 15 rare earth elements found in Andhra Pradesh
Hyderabad: National Geophysical Research Institute has discovered significant deposits of 15 rare earth elements (REE) in Andhra Pradesh's Anantapur district, TOI reported on Tuesday.