Mumbai: The Reserve Bank on Friday said that it has fined IDFC First Bank Rs 1 crore and LIC Housing Finance Rs 49.70 lakh for breaching specific regulations. The penalty on IDFC First Bank was levied due to failure to adhere to certain directives regarding 'Loans and Advances - Statutory and Other Restrictions', according to the central bank’s statement.
Global food prices experienced a surge in March, marking the first increase since July, driven mainly by the rise in cooking oil prices, even as the costs of grains continued to decrease, stated the UN's Food and Agricultural Organization on Friday.
Mumbai: Air India recruited over 5,700 staff members, with over 3,800 comprising the flying crew in the FY24, as a component of its five-year revival strategy aimed at restoring the airline's fortunes, media reported citing the airline's statement.
Mumbai: Bandhan Bank Managing Director and Chief Executive Officer Chandra Shekhar Ghosh will step down from his current role when his tenure concludes on July 9, 2024, the bank announced on Friday.
Mumbai: The Reserve Bank of India on Friday kept the key interest rates unchanged at 6.50 percent, in line with the market expectations.
The BSE Sensex on Friday ended almost flat at 74248.22, rising 20.59 pts as Realty, Bankex and FMCG stocks rose.
Bandhan Mutual Fund has announced the launch of Bandhan Innovation Fund, an open-ended thematic fund dedicated to investing in companies at the forefront of innovative breakthroughs.
New Delhi/UNI: The Indian currency (INR) was the most stable among major currencies during the past three years and this reflects sound economic fundamentals of the Indian economy, says the Reserve Bank of India.
Mumbai/IBNS: Indian multinational educational technology company Byju's founder, Byju Raveendran's net worth is now zero, a year after he had Rs. 17,545 crore a year ago.
New Delhi/UNI: Considering various factors both in the domestic and global markets, the Reserve Bank of India Friday projected the Indian economy to grow at 7 percent during the current financial year.
Tech major Apple has decided to lay off 614 workers in California, marking the first significant round of job cuts since pandemic, media reports said.
New Delhi: The Central Board of Direct Taxes (CBDT) on Thursday said it has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024–25 (relevant to Financial Year 2023–24) from April 1, 2024, and onwards.
Kolkata: Swiggy on Thursday announced the appointment of Suparna Mitra as an Independent Director to its Board.
Mumbai/UNI: The BSE Sensex on Thursday smartly recovered by 537 points to open at 74413.82 on the strength of industrials, IT, telecommunications, and utilities stocks.
Mumbai: The Reserve Bank of India's Monetary Policy Committee has started its three-day meeting on Wednesday to deliberate on interest rates and analyze the state of the economy.
Mumbai: Indian billionaires increased their presence in the 2024 Forbes list of the World’s Billionaires to 200 from 169 last year. Leading the list is Mukesh Ambani, whose net worth surged to $116 billion from $83 billion, establishing him as the first Asian to enter the $100 billion club. Ambani maintained his status as the ninth wealthiest individual globally and continues to hold the title of India’s and Asia’s richest person.
Bernard Arnault, the chairman and CEO of luxury conglomerate LVMH Moët Hennessy Louis Vuitton SA, has topped Forbes' World's Billionaires list for the second year, media reports said.
New Delhi: Electronic car-maker Tesla plans to send a team from the United States to India by late April to assess potential locations for a proposed electric car plant worth $2 billion to $3 billion, as reported by the Financial Times on Wednesday.
Bengaluru: Virgin Atlantic on Wednesday signalled its strong commitment to India by launching a new daily service to Bengaluru and announcing a second daily flight to Mumbai, starting this October.
New Delhi: India intends to set up its first privately operated strategic petroleum reserve (SPR) by 2029-30, allowing the operator the autonomy to trade the entire oil stock, media reports said.
Srinagar: Radisson Hotel Group on Wednesday announced the debut of its luxury lifestyle brand Radisson Collection in India with the opening of Radisson Collection Hotel & Spa, Riverfront Srinagar.
New Delhi: SJVN Limited has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Patna (IIT Patna) to use advanced geological models in SJVN's tunnelling projects to significantly reducing time and cost overruns.
Mumbai: India’s one of the leading container ports, Jawaharlal Nehru Port Authority (JNPA) in Mumbai, achieved its highest-ever throughput of 6.43 million TEUs in the fiscal year 2023-24.
New Delhi: The Department of Telecom (DoT) has postponed the spectrum auction by two weeks in view of the Lok Sabha election schedule.
BSE Sensex on Wednesday marginally fell 27.09 points to settle at 73,876.82 as selling was seen in Realty, Auto, and BSE Services stocks.
Indian aviation major Air India on Wednesday launched its transformed Flying Returns loyalty programme, introducing a simplified new structure, more customer-friendly features, renamed tiers, and an updated identity.
Mumbai/UNI: The BSE Sensex on Wednesday lost another 599 points at 73604 in the opening session as selling was seen in real estate, technology, and consumer durable stocks.
New Delhi: In a slew of decisions, the Competition Commission of India (CCI) on Tuesday approved seven proposals that include acquisition of shares partly or 100 percent in transactions involving MG Motors, Max Life Insurance, Sharekhan Limited and others.
Mumbai: Mining conglomerate Vedanta Ltd is on track for the demerger of its key businesses, including aluminium, into separate listed companies and allocation of debt across the demerged entities would be done in proportion to their assets, sources familiar with the matter said.
Bengaluru: Cash-strapped ed-tech company Byju's has reportedly implemented layoffs, affecting approximately 500 employees, mainly in sales and marketing roles.
