Sensex plunges over 90o points to settle at 72761.89 amid heavy selloff
The BSE Sensex on Wednesday crashed 906.07 pts to settle at 72761.89 as a heavy selloff was seen across the board amid weak global cues.
Finance
India's factory output grows 3.8 pc year-on-year in January
New Delhi: India's factory output measured in terms of Index of Industrial Production (IIP) grew 3.8% year-on-year in the month of January 2024, as per official data released on Tuesday.
PM Modi, UK PM Rishi Sunak reiterate commitment to early conclusion of FTA
New Delhi: Prime Minister Narendra Modi and his British counterpart Rishi Sunak have reiterated their commitment to achieving "an early conclusion of a mutually beneficial Free Trade Agreement (FTA)."
NPCI likely to grant TRAP licencse to Paytm: Report
New Delhi: The National Payments Corp of India (NPCI) is expected to grant a third-party application provider (TPAP) license to Paytm, previously known as One 97 Communications, by March 15, media reports said.
Honda Motorcycle & Scooter India inaugurates BigWing in Krishnanagar
Two-wheeler manufacturer Honda Motorcycle & Scooter India (HMSI) has inaugurated an all-new motorcycle sales and service outlet, Honda BigWing, in Krishnanagar, West Bengal.
Sensex gains 165.32 pts at closing
The BSE Sensex on Tuesday went up 165.32 pts to close at 73,667.96 as buying was seen in IT, Telecom Services and Technology stocks.
Indian Market: Sensex rallied 486 pts
The BSE Sensex on Tuesday edged up 486 pts at 73988 in the opening session following gains in Financial services, IT and Bankex stocks.
Bank appoints Rajinder Kumar Babbar as Executive Director & Chief Business Officer
Private sector lender Bandhan Bank announced further strengthening of its core management team.
The Body Shop ceases US operations, shuts down several stores in Canada
UK-based cosmetic brand The Body Shop, which recently filed for bankruptcy, will cease its operation in the US and will shut down several stores in Canada.
India signs FTA with European Free Trade Association with investment commitment of $100 billion
New Delhi: India and the European Free Trade Association (EFTA) on Sunday signed a Trade and Economic Partnership Agreement (TEPA).
India's UPI is now accepted in Nepal
NPCI International Payments Ltd (NIPL), the international arm of National Payments Corporation of India (NPCI) and Fonepay Payment Service Ltd, Nepal’s payment network, have announced that Unified Payment Interface (UPI) is now live for cross-border transactions between India and Nepal.
SJVN Green Energy Limited to develop solar projects of over 1.3 GW in Maharashtra
Mumbai: SJVN Limited has received Letters of Award for the development of Solar Power Projects of capacity 1,352 MW in Maharashtra.
Govt sanctions Rs 2094 cr for widening and strengthening various national highways in Jammu & Kashmir
New Delhi: The Centre has approved Rs 1404.94 crore for the widening and strengthening project of the Rafiabad – Kupwara – Chowkibal – Tangdhar – Chamkot section of National Highway-701 in Jammu and Kashmir, Road Transport & Highways Minister Nitin Gadkari said on Friday.
Coal India reports record coal prodn of 704 MT till March
New Delhi: Coal India Limited (CIL) achieved a record production of 703.91 million tonnes (MT) of coal up to March 7 during the current fiscal, surpassing last financial year’s production of 703.20 MT by an impressive margin of 24 day, Ministry of Coal said.
India's forex reserves grow by $6.55 billion to $625.626 billion: RBI data
New Delhi: India's foreign exchange reserves surged by $6.55 billion to reach $625.626 billion for the week ending March 1, according to data released by the Reserve Bank of India announced on Friday.
Equity fund inflows grow 23% to Rs 26,866 cr in February: AMFI
Mumbai: Inflows to open-ended equity funds surged by 23 percent to reach Rs 26,865.78 crore in February, marking the 36th consecutive month of positive inflows into equity funds since March 2021, according to data published by the Association of Mutual Funds in India (AMFI) on Friday.
Next set of spectrum auction to start on May 20, DoT notifies
New Delhi: The Department of Telecommunications (DoT) announced the schedule for the auction of eight mobile internet spectrums in which all leading telecom firms will compete.
Centre keeps interest rate on small savings schemes unchanged for April-June period
New Delhi: The Central government on Friday decided to maintain the interest rates on small savings schemes for April-June.
Volvo Car India launches new variant of XC40 Recharge at an introductory ex-showroom price Rs 54.95 lakhs
Kolkata: Volvo Car India today launched the single motor variant of XC40 Recharge at an introductory ex-showroom price of 54.95 lakhs plus applicable taxes.
CBI raids 67 locations in connection with Rs 820 Cr suspicious IMPS transactions in UCO Bank accounts
New Delhi: The Central Bureau of Investigation (CBI) on Thursday conducted raids at 67 locations in connection with suspicious IMPS transactions amounting to about Rs 820 crore in multiple UCO Bank accounts.
Cabinet approves 4 pct Dearness Allowance hike for central govt employees
New Delhi/IBNS: Ahead of the Lok Sabha elections due to take place in the next 2-3 months, the Union Cabinet chaired by Prime Minister Narendra Modi approved a hike in Dearness Allowance (DA) of 4 percent to Central Government employees and Dearness Relief (DR) to pensioners with effect from January 1 this year.
RBI, Bank Indonesia sign MoU to promote local currencies for bilateral transactions
New Delhi: The Reserve Bank of India (RBI) and the Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding (MoU) for establishing a framework to promote the use of local currencies for cross-border transactions.
Sensex at new peak at 74119.39 pts
Mumbai: The BSE Sensex on Thursday gained 33.40 pts to close at a new high of 74119.39 as buying was seen in Metal, Capital Goods and Commodities stocks.
Manufacturing will be India's focus in next 5 yrs: Ashwini Vaishnaw
New Delhi: Manufacturing will be India’s focus in the next five years owing to huge employment potential, IT Minister Ashwini Vaishnaw said on Thursday.
85% of Paytm wallet won't face interruptions due to regulatory actions: RBI Governor
New Delhi: Around 80-85% of Paytm wallet users will not face any interruptions due to regulatory actions, RBI Governor Shaktikanta Das stated on Wednesday.
Union Cabinet likely to clear Rs 76,220 cr to develop Vadhvan port in Maharashtra
The Union Cabinet, chaired by Prime Minister Narendra Modi, is likely to give the green signal to a Rs 76,220 crore project to develop a new deep-water major port at Vadhvan near Dahanu in Maharashtra, media reported
Adani Enterprises acquires France's Le Marche Duty Free SAS for 5,000 euros
Mumbai: Adani Enterprises on Wednesday said that its Dubai-based subsidiary, Ospree International FZCO, has purchased full ownership of France's Le Marche Duty Free SAS (LMDF) for 5,000 euros, media reported, citing a stock exchange filing.
Govt to divest up to 7% stake in NLC via OFS
New Delhi: The government plans to divest up to 7 percent of its stake in NLC India through an offer for sale (OFS), aiming to raise between Rs 2,000 crore and Rs 2,100 crore, media reports said.
Indian FY24 GDP growth rate could near 8%: RBI Governor Shaktikanta Das
New Delhi: The Indian economy's GDP growth for the current fiscal year ending in March might be close to 8%, Reserve Bank of India (RBI) governor Shaktikanta Das expressed in an interview with ET Now on Wednesday.
Bandhan Long Duration Fund launched for investors seeking long-term debt investments
Bandhan Mutual Fund announced the launch of the Bandhan Long Duration Fund, an open-ended, long-term debt scheme that invests in instruments such that the portfolio Macaulay duration will be over 7 years.