India's foreign exchange reserves surge by $ 2.538 billion to $ 597.935 billion
Mumbai: India's foreign exchange reserves swelled by USD 2.538 billion, reaching USD 597.935 billion for the week ending November 24, according to the Reserve Bank.
Finance
Tata Power's market cap crosses Rs 1 lakh crore
Mumbai: Tata Power’s market capitalization has crossed Rs 1 lakh crore (1 trillion), making it the second infrastructure and sixth company from Tata Group to achieve this milestone, the company said in a press release.
Zerodha co-founders Nithin and Nikhil Kamath earned Rs 72 cr as remuneration each in FY23
Bengaluru: The founders of Zerodha, Nithin, and Nikhil Kamath, took home a remuneration of Rs 72 crore each for the fiscal year ending March 2023, according to filings with the Ministry of Corporate Affairs.
Max Healthcare Institute acquires Lucknow's Starlit Medical Centre for Rs 940 crore
Lucknow (UP): In a strategic move to increase its footprint in Tier I and II cities, Max Healthcare Institute (MHIL) announced on Friday the completion of a share purchase agreement to acquire a 100% stake in Starlit Medical Centre.
RBI MPC keeps repo rate unchanged, raises FY24 growth forecast to 7%; Industry reacts
Mumbai: The Reserve Bank of India's Monetary Policy Committee (RBI MPC) kept the repo rate unchanged at 6.5 percent for the fifth time in a row on Friday, thus maintaining the status quo.
Indian Market: Sensex at all time high at 69,826.07 pts
Mumbai: The BSE Sensex on Friday ended an all-time high at 69,826.07, surging 304.33 pts in the strength of Technology, Bankex and IT stocks.
SoftBank to divest stake in Zomato via block deal
Mumbai: Japanese investment holding firm SoftBank is aiming to divest a 1.1% share in the Indian food delivery service Zomato through a block deal valued at 11.28 billion rupees ($135.36 million), as per sources cited by CNBC-TV18 on Thursday.
Royal Enfield inaugurates new warehouse in Kolkata, East India witnesses 36 pct YTD increase in wholesale growth
Kolkata: Leading motorcycle manufacturer Royal Enfield on Friday said it has witnessed a 'robust growth' in the East region, accounting for 27% of overall motorcycle sales for the brand in the past year.
DPIIT showcases India's logistics reforms and initiatives in meeting with World Bank Team
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) showcased the various projects and initiatives it is undertaking to improve India’s logistics efficiency to the World Bank Team.
RBI raises UPI transaction limit for hospitals, educational institutions to Rs. 5 lakh
New Delhi/IBNS/UNI: In a significant step, the Reserve Bank of India (RBI) on Friday announced the raise of the Unified Payments Interface (UPI) transaction limit for hospitals and educational institutions to Rs. 5 lakh, media reports said.
517 routes commenced under Udan Scheme, connecting 76 airports, including 9 heliports & 2 water aerodrome
New Delhi: Regional Connectivity Scheme (RCS)-UDAN has enhanced regional air connectivity by connecting previously unserved and underserved airports in remote areas of the country.
Top banks ask fintech partners to limit small ticket loans
Mumbai: Leading banks and non-banking financial institutions in India have reportedly asked their fintech partners to limit the issuance of small personal loans, as disclosed by three banking sources and one industry insider on Thursday, Reuters reported.
Institutional investors oversubscribe IRCON International's OFS, bids surpass Rs 2,400 cr
Mumbai: Institutional investors have oversubscribed the government's offer to sell an 8% stake in government-owned IRCON International, with bids exceeding Rs 2,400 crore on Thursday.
'All sectors of economy doing well, Make-in-India products now seen in American supermarkets': Nirmala Sitharaman tells RS
New Delhi/UNI: Painting a rosy picture of the economy and stating that the Indian economy remains the fastest-growing economy in the world, Finance Minister Nirmala Sitharaman on Thursday said that all sectors of the economy are performing well.
SAIL chief Soma Mondal among World's Most Powerful Women in Forbe's 2023 list
New Delhi: Soma Mondal, the first female chair of the state-run Steel Authority of India (SAIL), has taken the 70th position in Forbes' 2023 list of the World's Most Powerful Women.
Airline sector expected to earn net profit of $25.7 billion in 2024
The airline sector is expected to achieve a net profit of $25.7 billion in 2024, reflecting a return to more typical growth in both passenger and cargo segments, the International Air Transport Association (IATA) on Wednesday said.
Govt seeks Parliament's approval for additional spending of Rs 1.29 trillion in FY24
New Delhi: The government on Wednesday sought Parliament's approval for an additional spending of Rs 1.29 trillion in the fiscal year 2024.
4 Indian women, including Finance Minister Sitharaman, rank in Forbes' top influential list
New Delhi: Finance Minister Nirmala Sitharaman has been ranked 32nd in Forbes' list of the world's most influential women, alongside notable women such as US Vice President Kamala Harris and musician Taylor Swift.
Next spectrum auction in Feb 2024 at same reserve prices
New Delhi: The next spectrum auction, scheduled for late February 2024, will maintain the same reserve prices for most bands as in the 2022 auction, Business Standard reported citing the Department of Telecommunications (DoT) officials.
RBI's MPC meeting starts amid anticipations of status quo on key interest rate
Mumbai: As the Reserve Bank of India (RBI) commenced its three-day Monetary Policy Committee (MPC) on Wednesday, expectations are high that the Central bank will adhere to the current state of affairs regarding the repo rate, opting to retain it at 6.5%.
Shree Cement plans to participate in the Centre's lithium mine auction: Report
New Delhi: Shree Cement plans to participate in the bidding process for lithium mining rights, Reuters reported.
Volvo Car India names Jyotsana Singh Kaushik as Director of Marketing & PR
Kolkata/IBNS: Swedish luxury car company Volvo Cars India has appointed Jyotsana Singh Kaushik as Director of Marketing & PR.
Adani Green Energy ranks as 2nd largest global solar PV developer in Mercom Capital's report
Renewable energy solutions company Adani Green Energy Limited (AGEL) has become the second-largest global solar PV developer, according to Mercom Capital Group's latest Annual Global Report.
Adani Group to invest USD 75 billion towards energy transition by 2030
Mumbai: Adani Group Chairman Gautam Adani on Wednesday announced plans to invest USD 75 billion towards energy transition projects by 2030.
Spotlight India: Singapore's investment giant Temasek's top execs on a visit to India
Mumbai: The 11-member board of directors from Temasek is currently on an important visit to India, seen as a global bright spot, Moneycontrol reported.
Kia introduces new K-Charge Initiative featuring 1000+ charging stations in India
Car maker Kia India unveiled K-Charge — an initiative in the 'MyKia' app that allows users to discover over 1000 EV charging stations nationwide.
Indian Market: Sensex closes at 69,653.73 pts
Extending rally for the third straight session on Wednesday, the BSE Sensex ended at a new peak at 69,653.73, up 357.59 pts following gains in Power, Utilities, Oil and Gas and IT stocks.
Air India’s IT infrastructure is now cloud-only, historic data centres closed
Gurugram: Tata Group-owned airline Air India has successfully migrated to cloud-only IT infrastructure, having closed its historic data centres located in Mumbai and New Delhi, an official release said on Tuesday.
RBI cracks whip on peer-to-peer lenders over violation of rules and misselling: Report
Mumbai: The Reserve Bank of India has instructed peer-to-peer lending platforms to halt certain activities after inspections revealed violations of rules and deceptive sales practices, Reuters reported.
CBI searches 13 locations in various cities in UCO Bank's Rs 820 cr IMPS transaction incident
New Delhi: The Central Bureau of Investigation (CBI) has filed an FIR related to IMPS transactions amounting to Rs 820 crore in UCO Bank in November this year.