Bandhan Bank starts online collection of direct taxes
Kolkata: Bandhan Bank today announced that it has launched the facility to collect direct taxes online from its customers and non-customers across India.
Finance
Growth of eight core sectors slows to 6.3% YoY in May
New Delhi: The pace of growth of India's eight core sectors slowed to 6.3 percent year-on-year in May, slightly down from the 6.7 percent recorded in April, according to government data released on Friday.
India's fiscal deficit Apr-May fiscal deficit at 3% for full FY25 target
New Delhi: India's fiscal deficit for the first two months of 2024-25 was 3 percent of the annual estimate, amounting to Rs 50,615 crore, according to data released by the Controller General of Accounts on Friday.
U.S. inflation eases in May, consumer spending shows moderate growth
Washington DC: U.S. prices remained steady in May, while consumer spending saw a moderate increase, a trend that might prompt the Federal Reserve to consider cutting interest rates this year, reported Reuters.
RBI imposes Rs 29.6 lakh fine on HSBC over non-compliance in card ops
Mumbai: The Reserve Bank of India (RBI) announced it has fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) Rs 29.6 lakh for failing to comply with certain directives regarding card operations, media reported
Sensex falls 210.45 pts after strong show in the morning
Despite a strong run in the morning trading hours, BSE Sensex dropped by 210.45 pts to settle at 79,032.73 on profit booking by local operators on Friday, losing its winning streak of the five last sessions.
FATF places India in elite ‘regular follow-up’ category
The Ministry of Finance on Friday announced India has achieved an outstanding outcome in the Mutual Evaluation conducted during 2023-24 by Financial Action Task Force (FATF).
SEBI allows NRI, OCI participation in IFSC-based FPIs to bolster investments in India
Mumbai: The Securities and Exchange Board of India (SEBI) has approved major changes to enhance investments in India by Foreign Portfolio Investors (FPIs) based in International Financial Services Centres (IFSCs), media reported.
60% of MSMEs plan to digitize their business by 2025: Vi report
Kolkata: Almost 60% of MSMEs plan to digitize their business processes by 2025, according to Vi Business ReadyforNext MSME growth insights study.
Reliance Industries crosses Rs 21 lakh cr market cap after Jio tariff hikes
Mumbai: Reliance Industries Ltd has surpassed a market capitalisation of Rs 21 lakh crore after a stock surge of more than 20 percent this year, becoming the first Indian company to achieve this milestone, media reported.
Aditya Birla's MSME lending platform Udyog Plus garners 8 lakh users in 9 months; AUM at Rs 250 cr
Kolkata: Aditya Birla Finance Limited’s (ABFL) B2B lending platform Udyog Plus has attracted over 8 lakh users in the MSME sector within nine months of its launch, the company said in a press release.
After Reliance Jio, now Airtel hikes tariffs significantly
Mumbai/IBNS: In what would affect the customers' monthly budget, Bharti Airtel on Friday announced a significant hike in its tariffs following the footsteps of its competitor Reliance Jio.
CtrlS Datacenters Ltd lays out expansion plans for Kolkata
Kolkata/IBNS: CtrlS Datacentres Ltd, an India-based datacentre operator with over 250 MW live datacenter footprint across eight major markets in the country, has unveiled major expansion plans for Kolkata with an aim to develop a complete ecosystem of cutting-edge Artificial Intelligence (AI)-ready datacentres and advanced network to serve the connectivity needs of enterprises and hyperscalers in the region.
Market touches record high during morning trading, Sensex jumps to 79,457
The trading session commenced on a positive note with benchmark equity indices touching new highs on Friday.
Indian Government Bonds on JP Morgan’s indices from June 28 likely to bring $20-25 billion to country
Mumbai: The inclusion of Indian Government Bonds (IGBs) in JP Morgan’s emerging markets bond indices will commence on Friday (June 28).
Reliance Jio hikes tariffs, highlights its 5G network and AI-enabled services
Mumbai: Reliance Jio Infocomm Ltd, India's largest telecom provider, announced a series of new unlimited plans set to take effect on July 3.
MSME ministry launches initiative to onboard 5 lakh MSMEs on ONDC
New Delhi: Union Minister for Micro, Small & Medium Enterprises (MSMEs) Jitan Ram Manjhi launched an initiative to onboard 5 lakh micro and small enterprises onto the Open Network for Digital Commerce (ONDC) platform.
Govt receives Rs 11,300 cr as 5G spectrum auction ends, Airtel emerges top bidder
New Delhi: The auction for 5G spectrum for mobile radio services concluded with telecom firms bidding around Rs 11,300 crore, reported The Economic Times on Wednesday.
Indian economy continues growth dynamism, FY25 GDP may come close to 7.5 pct: NCAER
The latest monthly data released in June show resilience and growth dynamism of the Indian economy, according to the Monthly Economic Review released by National Council of Applied Economic Research (NCAER) on Wednesday.
Vodafone Idea buys spectrum worth Rs 3,510 cr to enhance overall network
New Delhi: Cash-strapped telecom operator Vodafone Idea has acquired spectrum worth Rs 3,510 crore to enhance its 4G network coverage and launch 5G services, the company announced on Wednesday.
Vodafone Idea in talks with Samsung for new 4G, 5G tech solutions
Mumbai: Vodafone Idea is in active discussions with Samsung about new technologies, including virtualized Radio Access Network (vRAN) solutions for their 4G and 5G networks, according to a company statement.
JSW Energy subsidiary signs 1,325 MW renewable energy projects with SECI and Gujarat Urja Vikas Nigam Ltd
New Delhi: JSW Energy Limited on Wednesday said that its wholly-owned subsidiary JSW Neo Energy Limited has inked Power Purchase Agreements (PPAs) for wind and solar power generation projects with a combined capacity of 1,325 megawatts (MW).
SBI raises Rs 10,000 cr via infra bonds
Mumbai: The State Bank of India (SBI) has raised Rs 10,000 crore through 15-year infrastructure bonds to finance projects in sectors such as power and roads.
Bharti Airtel acquires 97 MHz of spectrum across 3 frequency bands worth Rs 6,857 cr for 20 yrs
New Delhi: Telecom giant Bharti Airtel has acquired 97 MHz of spectrum in the 900 MHz, 1800 MHz, and 2100 MHz frequency bands at an auction on Wednesday, costing Rs 6,857 crore.
India is moving towards 8 per cent GDP growth in a sustained manner, says RBI Governor Shaktikanta Das
India is at the threshold of a major structural shift in its growth trajectory, moving towards 8 per cent GDP growth in a sustained manner, said RBI Governor Shaktikanta Das.
Punjab’s rooftop solar push struggles amid free power surge
In a stark turn of events impacting Punjab’s energy trajectory, the state’s ambitious push towards renewable energy through rooftop solar installations has hit a snag. The Punjab government’s populist move to provide free electricity to agricultural and domestic sectors has inadvertently led to a decline in the adoption of rooftop solar systems among residential consumers.
Indian Market: BSE, Nifty touch all-time high
The Indian Benchmark indices touched all-time high figure in Tuesday as BSE Sensex touched 52-week high of 78164.71.
India's January-March current account balance at 0.6% surplus riding on high service exports
Mumbai: India's current account balance recorded a surplus in the January-March quarter, driven largely by higher service exports and private transfer receipts, according to the Reserve Bank of India (RBI).
Britannia set to shut historic biscuit unit in Kolkata's Taratala, all permanent workers accept VRS
Kolkata/IBNS: All permanent workers of Britannia Industries Limited's Taratala factory have accepted the Voluntary Retirement Scheme (VRS) as the food products company is all set to permanently close its historic biscuit production unit in Kolkata's Taratala, reports said.
We stood firm in face of adversity, Gautam Adani at AGM on Hindenburg storm of past year
New Delhi/IBNS: Reacting to the attack by foreign shot-seller Hindenburg, Adani Enterprises Chairman Gautam Adani on Monday said the company fought to defend its integrity and reputation and came out stronger.