Business and financial news
Mumbai/UNI: The equity market remained negative for the third consecutive session as the BSE Sensex on Thursday dropped 502.47 pts at 70,998.29 in early trade as selling was seen across the board amid weak global cues.
New Delhi: Production Linked Incentive (PLI) Schemes witnessed over Rs. 1.03 lakh crore of investment till November 2023, leading to production/ sales of Rs. 8.61 lakh crore and direct and indirect employment generation of over 6.78 lakhs, according to the Commerce and Industry ministry.
Kolkata: Volvo Car India has deferred the prices of its EV offerings –the XC40 Recharge and the C40 Recharge while effecting a 2% price increase on its other models, a press release said.
New Delhi: Civil Aviation Minister Jyotiraditya Scindia on Wednesday said that the construction project for rehabilitating Delhi Airport's CAT IIIB-compliant airstrip 28/10 is set to be completed this week, media reports said.
Kochi/UNI: Prime Minister Narendra Modi inaugurated three major infrastructure projects worth more than Rs 4,000 crore on Wednesday.
Davos (Switzerland): The Adani Group and the Telangana government today signed four memorandums of understanding (MoU) for investment of over Rs 12,400 crore, at the World Economic Forum 2024.
Davos (Switzerland): Adani Group’s flagship company Adani Enterprises Limited on Wednesday signed a memorandum of understanding (MoU) with the Maharashtra government to set up 1 GW hyperscale data centre infrastructure in the state at an investment of Rs 50,000 crore in the course of the next decade, media reports said.
Mumbai: The presentation of the Interim Budget on February 1 stands as a critical event in the financial calendar, leading to sharp speculations about the government's spending, fiscal deficit, and individual taxation.
Kolkata: India's engineering goods exports grew 10.20 percent year-on-year to $10.04 billion in December 2023 despite several challenges stemming from geo-political tensions and tight financial conditions in major advanced economies, according to EEPC India
Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors and the pioneer of India’s EV revolution, on Wednesday (January 17, 2024) launched its first pure EV – the Punch.ev.
The equity market witnessed a bloodbath, as the BSE Sensex on Wednesday plunged 1628.01 pts to close at 71,500.76 a single day fall in 16 months on weak global cues.
Google India Digital Services (P) Limited and NPCI International Payments Ltd (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), have signed a Memorandum of Understanding (MoU) to expand the transformative impact of UPI to countries beyond India.
Health insurance company ManipalCigna has garnered 38 per cent gross written premium (GWP) growth in East India in the financial year 22-23.
World Economic Forum President Borge Brende feels India will witness an 8 percent growth this year.
SUV manufacturer Mahindra & Mahindra Ltd on Monday announced the launch of the XUV400 Pro Range, at an introductory price starting at 15.49 Lakh.
The BSE Sensex on Tuesday slipped 199.17 pts to settle at 73,128.77 as selling was witnessed in Realty, Power and IT stocks.
Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as the global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in generative artificial intelligence (AI).
The BSE Sensex on Monday ended a life time high at 73,327.95, up 759.49 pts, breaching 73K level for the first time on the strength of Technology, Oil and Gas and Energy stocks.
The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power.
Bandhan Mutual Fund announced the launch of the Bandhan Multi Asset Allocation Fund, an open-ended scheme that enables investment across diverse asset classes including Indian Equities, International Equities, Arbitrage, Fixed Income, Gold and Silver.
New Delhi/UNI: India's wholesale price index (WPI) based inflation increased to 0.73% in December 2023 from 0.26% in the previous month, data released by the Ministry of Commerce and Industry showed on Monday.
India's affluent class may soon nearly double to touch 100 million people by 2027, as per a report by Goldman Sachs Group Inc.
The BMW Group delivered 99,972 all-electric vehicles in the Chinese market in 2023, a year-on-year increase of more than 138 percent, the automaker has said.
Bengaluru: Infosys founder NR Narayana Murthy was rejected when he sought employment at Wipro, he revealed in a recent CNBC-TV18 interview.
Mumbai: Tata Consumer Products Friday announced its plans to acquire a stake of up to 100 percent in Organic India, a business owned by Fabindia.
Mumbai: Tata Consumer Products on Friday announced its acquisition of a complete 100% stake in Capital Foods, the company that sells products under the brands Ching’s Secret and Smith & Jones, according to an exchange filing.
Mumbai: Alkem Laboratories has reported a fraudulent transfer of Rs 52 crores due to a "cybersecurity incident."
New Delhi: The United States has called upon India to ensure that the existing end-to-end online system and associated policies governing the import of laptops do not pose trade restrictions in the future, Trade Representative Ambassador Katherine Tai has said.
New Delhi: The government should allow tax exemption for the contributions of up to 12 percent of employees' basic salary to the National Pension System (NPS), the chairman of the Pension Fund Regulatory and Development Authority (PFRDA), Deepak Mohanty said on Friday, according to media reports.
Gandhinagar (Gujarat): Tata Power’s subsidiary Tata Power Renewable Energy Limited (TPREL) has signed a Memorandum of Understanding (MoU) with the Gujarat government to develop 10,000 MW of renewable energy power projects across multiple sites in Gujarat, according to an exchange filing.
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