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  Stock markets: Sensex jumps 418 points to 6-month high; Rupee rises 5 paise against dollar

  June 13, 2023 16:42 IST

  Stock markets: The 30-share BSE Sensex jumped 418.45 points or 0.67 per cent to settle at 63,143.16. Meanwhile, the NSE Nifty climbed 114.65 points or 0.62 per cent to end at 18,716.15.

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  Recycling major Vikas Ecotech raises funds through QIP issue to meet capital expenditure

  June 26, 2023 15:54 IST

  QIP is a method wherein a firm issue shares to the public without going through regulatory compliance.

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  Passenger vehicle wholesales rise 13.54 per cent in May month | Read details

  June 13, 2023 12:29 IST

  As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), dispatches of passenger vehicles (PVs) from manufacturers to dealers were at 2,94,392 units in May 2022.

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  Govt imposes stockholding limits on wheat till March 2024 to contain rising prices

  June 12, 2023 19:05 IST

  The stock limit has been imposed on traders, wholesalers, retailers, big chain retailers and processors till March 31, 2024.

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  India's retail inflation dips to over 2-year low of 4.25% in May

  June 13, 2023 6:28 IST

  This is the fourth straight month when retail inflation has declined and the third month in a row that Consumer Price Index (CPI) based inflation remained within the RBI's comfort zone of below 6 percent.

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  V Jagannathan quits from Board of Star Health and Allied Insurance Company

  June 11, 2023 23:23 IST

  Jagannathan, after attaining superannuation from the United India Insurance as its Chairman and Managing Director, founded Star Health and Allied Insurance with the backing of Dubai-based ETA Group.

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  FY24 to be golden year for Punjab National Bank: MD Atul Goel

  June 11, 2023 22:00 IST

  During 2022-23 the bank initiated more than 35 digital journeys, including different RAM segments and opening new accounts under CASA through Tab banking to reduce turnaround time.

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  Moody's flags fiscal slippage risks, projects India's GDP growth at 6-6.3 per cent in June quarter

  June 11, 2023 19:11 IST

  Gene Fang, Associate Managing Director of Moody's Investors Service, stated in an interview with PTI that India's general government debt will be approximately 81.8% of GDP in 2022 and 23 and that the country will have low debt affordability.

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  Air India launches 2nd Mangaluru-Mumbai flight service | DETAILS

  June 11, 2023 17:16 IST

  The development closely follows IndiGo’s addition of a third daily flight on the Mumbai-Mangaluru route on May 22, an airport release in Mangaluru said.

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  Mutual funds invest more than Rs 2,400 crore in equities in May

  June 11, 2023 12:15 IST

  Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said.

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  IndianOil top bidder for Reliance's KG gas for 2nd auction in a row

  June 11, 2023 10:40 IST

  The oil refining and marketing company, which was the top bidder even in the previous auction of gas from the eastern offshore KG-D6 block of Reliance-bp, bid the volumes on behalf of seven fertilizer plants.

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  CEA expresses optimism about Indian economy says, 'FY23 GDP growth likely to be over 7.2 pc

  June 11, 2023 16:28 IST

  Nageswaran said that the "heartening achievement for the government and economy" of 7.2% GDP growth when he spoke at this event hosted by the Bharat Chamber of Commerce.

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  Life insurers witness 4.1% decline in new biz premium in May; LIC records 11.26% decline: Data

  June 10, 2023 14:06 IST

  All 24 life insurers had a collective new business premium income of Rs 24,480.36 crore in the same month a year ago (May 2022).

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  India tops world ranking in digital payments in 2022, leaves behind THESE countries including China

  June 10, 2023 11:28 IST

  Digital India: As per the data, India in the year 2022 accounted for 46 per cent of the global real-time payments, adding that the digital payment transactions in India are more than the other four leading countries combined.

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  Vistara faces shortage of cabin crew uniforms; attendants to be seen in new dress | Here is why

  June 10, 2023 8:17 IST

  As an interim measure, the airline has made arrangements for an alternate uniform for cabin crew in order to maintain business operations.

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  Xiaomi again lands in trouble! ED show-cause notice to CFO, ex-MD Manu Jain for...I DETAILS

  June 09, 2023 20:40 IST

  Notices were sent to CFO Sameer Rao, former MD Manu Jain, and three banks for FEMA violation of Rs 5,551 crore on Friday.

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  With new policy framework in place, logistics major hopes to drive topline growth

  June 09, 2023 15:22 IST

  2023 marks a defining moment for the logistics industry as it is likely to see progress on efficient transportation, resource deployment and optimisation.

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  SBI board approves raising Rs 50,000 crore through debt instruments

  June 09, 2023 14:33 IST

  State Bank of India board approved to raise Rs 50,000 crore through debt instruments during FY24.

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  Byju's layoffs | Edtech giant mulls fresh round of job cuts, likely to fire 1,000 employees: Report

  June 09, 2023 13:11 IST

  Byju's layoffs: The sales and marketing teams at the company are likely to bear the brunt most by this decision.

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  Indian FMCG space gaining FIIs interest as Nomura raises stake in Mishtann Foods; stock at new high

  June 20, 2023 23:16 IST

  The Fast-Moving Consumer Goods (FMCG) sector has emerged as a favourite space for FIIs. Notaly, the FMCG sector is considered defensive because it tends to perform relatively well even during economic uncertainty.

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  SpiceJet plans to add 10 narrow-body Boeing aircraft, including five B737 Max

  June 09, 2023 12:25 IST

  The airline informed that it has already signed a lease agreement for these 10 planes which will start joining the fleet in September to cater to the rising demand.

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  HMA Agro Industries IPO subscription to begin on June 20; price band fixed

  June 08, 2023 22:59 IST

  The Agra-based firm is among the largest exporters of frozen buffalo meat products from India. Its products are exported to over 40 countries all over the globe. More than 90 per cent of its sales comes from exports.

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  Petrol, diesel prices in India will go down when... I Officials revealed all DETAILS

  June 08, 2023 19:33 IST

  Officials said the three firms have been making positive margins on petrol since the fourth quarter of the 2022 calendar year but diesel, which accounts for the bulk of the fuel sales, had been in red.

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  Mother Dairy cuts price of Dhara edible oils by Rs 10 per litre | FULL DETAILS

  June 08, 2023 18:58 IST

  Dhara edible oil price cut: "The maximum retail price (MRP) of all variants of Dhara edible oils is being reduced by Rs 10 per litre on account of the continued decline in edible oil prices internationally and better availability of domestic crops such as mustard," a company spokesperson said.

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  RBI lowers India's 2023-24 inflation forecast to 5.1 per cent | Here are details

  June 08, 2023 17:21 IST

  RBI on inflation: India's headline inflation has come down during March-April 2023 to 4.7 per cent in April, the lowest since November 2021.

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  Mahindra makes foray into dual-fuel small commercial vehicle segment with Supro CNG Duo

  June 08, 2023 14:29 IST

  The model can run on both CNG and petrol. It comes with a payload capacity of 750 kg and a range of 325 km with a CNG tank capacity of 75 litres. It also comes with a five-litre petrol tank to take care of range anxiety issues.

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  Will Rs 500 notes be withdrawn or Rs 1,000 denomination be re-introduced? RBI chief answers

  June 08, 2023 13:48 IST

  RBI Governor Shaktikanta Das said people should not speculate over the withdrawal or re-introduction of currency notes.

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  Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: RBI Guv

  June 08, 2023 12:53 IST

  Till now, this avenue for dud asset resolutions was available only with scheduled commercial banks and select non-bank finance companies, Das said, adding that comprehensive guidelines on the same will be released soon.