• 

  SBI MD Swaminathan Janakiraman appointed as RBI deputy governor

  June 20, 2023 17:13 IST

  A Cabinet Secretary-headed panel interviewed shortlisted candidates on June 1 for the post of RBI Deputy Governor in place of MK Jain, completing his extended tenure on Tuesday.

• 

  BYJU's lays off close to 1,000 employees across all departments

  June 19, 2023 23:34 IST

  BYJU's had announced cutting about 5 per cent of 2,500 employees over six months starting October 2022 as it unveiled the company's plan to become profitable by March 2023.

• 

  IndiGo, Vistara to operate flights on THESE new international routes from August

  June 19, 2023 22:28 IST

  In February this year, IndiGo announced its plans to roll out its air services to Kenya and Indonesia.

• 

  Tata Power mulls to double capex to Rs 12k cr in FY24; focus on renewables

  June 19, 2023 21:28 IST

  Tata Power will also focus on the power distribution business in the country and bid for discoms utilities in the country.

• 

  HMA Agro Industries IPO to open for subscription tomorrow: Check price band and other details

  June 19, 2023 20:20 IST

  The frozen meat exporter company's share sale offer comprises a fresh issue of more than 25 lakh fresh shares. It has an Offer for Sale (OFS) component of over 56 lakh shares.

• 

  Adani Transmission to raise up to Rs 8,500 crore after it gets nod from shareholders

  June 19, 2023 20:03 IST

  According to the company's BSE filing, 98.64 per cent of shareholders voted in favour of the resolution and allowed it to raise the funds.

• 

  IndiGo to buy 500 airbus planes in biggest aviation deal

  June 19, 2023 23:46 IST

  IndiGo is set to buy 500 airplanes in the largest-ever single aircraft purchase by any airline with Airbus.

• 

  Bombay High Court stays order allowing banks to declare account as fraud without hearing

  June 19, 2023 19:14 IST

  The Bombay High Court on Monday granted an interim stay on the Reserve Bank of India's master circulars' effect which allowed the banks to declare any account as a fraud account without conducting a hearing.

• 

  Rs 2,000 note withdrawal can boost GDP growth: Report

  June 19, 2023 19:14 IST

  The real GDP growth for the first quarter of FY24 will come at 8.1 per cent with an upward bias and the Reserve Bank of India's 6.5 per cent estimate can also be exceeded, economists at the country's largest lender SBI said.

• 

  THIS specialty chemicals stock is riding high as foreign institutional investors raise stake

  June 19, 2023 18:19 IST

  Just recently, Mauritius-based foreign institutional investor AG Dynamic Funds Limited and two other FIIs bought stakes in the small-cap company having a market cap of Rs 321 crore.

• 

  Market fails to hold opening gains; Sensex falls 216 points

  June 19, 2023 16:49 IST

  The 30-share BSE index fell 216.28 points or 0.34 per cent to settle at 63,168.30. During the day, it declined 336.75 points or 0.53 per cent to 63,047.83.

• 

  THIS BSE-listed logistics major gets NSE nod for direct listing on Mainboard

  June 19, 2023 16:02 IST

  The company with a market cap of Rs 3,500 crore is mainly involved in the business of transportation, logistics, construction, oil and lubricants, coal mining among others.

• 

  Sebi calls for urgent action against Zee Entertainment promoters in its reply to SAT

  June 18, 2023 23:20 IST

  In the interim order on June 12, Sebi barred Essel Group chairman Subhash Chandra and Zee Entertainment Enterprises Ltd (ZEEL) MD and CEO Punit Goenka from holding the position of a director or key managerial personnel in any listed company for siphoning off funds of the media firm.

• 

  Reliance Industries may earn $10-15 bn revenue from new energy business by 2030

  June 18, 2023 22:53 IST

  India is targeting solar capacity of 280GW and 5 million tonne of green H2 production by 2030.

• 

  86% of Indian workers feel sense of pride at work, says Report

  June 18, 2023 20:37 IST

  According to the Great Place To Work report, about 89 per cent of senior employees felt most positive of pride.

• 

  Electric truck maker Nikola to lay off 270 employees

  June 18, 2023 20:35 IST

  The company said that the cuts are expected to reduce personnel-related cash spend by more than $50 million annually.

• 

  Direct tax collections for FY23 jump 11 pc YoY, reaching Rs 3.80 lakh cr: Finance Ministry

  June 18, 2023 21:23 IST

  In a statement, the ministry said that the corporation tax (CIT) will be Rs 1,56,949 crore and the personal income tax (PIT) will be Rs 2,22,196 crore, including the Securities Transaction Tax (STT).

• 

  Patanjali Foods earmarks capex of up to Rs 1,500 crore in next 5 years: CEO Sanjeev Asthana

  June 18, 2023 12:11 IST

  CEO Sanjeev Asthana was responding to a query on the company's investment plans in order to meet its growth targets. When asked where the investments will be made, he said, "A large part of it will be on oil palm".

• 

  FM Nirmala Sitharamam calls for strengthening GST registration process using technology

  June 17, 2023 23:43 IST

  The minister also called for a nation-wide campaign to explain the objectives of the special drive to weed out the fake entities.

• 

  LIC announces relaxations for victims of Biparjoy Cyclone

  June 17, 2023 23:30 IST

  LIC in a statement said it is reaching out to the affected people to provide assistance although the loss of lives has been minimal.

• 

  World Bank approves USD 150 million loan to support Resilient Kerala programme

  June 17, 2023 22:41 IST

  The project will help the state develop a climate budget and a roadmap to help fill gaps in the state’s open data and digital systems to reduce people’s vulnerability to natural hazards.

• 

  India-UK FTA has to be win-win for both sides, says FICCI president

  June 17, 2023 20:25 IST

  The delegation from India was briefed on areas of interest in the bilateral relationship over a series of discussions with businesses and parliamentarians.

• 

  UK removes countervailing measures on imports of stainless steel bars, rods from India

  June 16, 2023 21:29 IST

  Countervailing measures are put in place to offset imports being sold at unfair prices due to government subsidies in their country of origin.

• 

  Oracle lays off hundreds of employees in its Cerner health unit

  June 16, 2023 20:04 IST

  Oracle had acquired healthcare records firm Cerner for $28.4 billion. According to Insider, Oracle paused raises and promotions and "laid off thousands of employees in the unit" as recently as May after the acquisition closed in June last year.

• 

  India, China bought 80% of Russia's oil in May: Report

  June 16, 2023 17:14 IST

  Russia-origin seaborne crude exports averaged 3.87 million barrels per day in May, the highest since Russia invaded Ukraine in February 2022.

• 

  Sensex, Nifty hit all-time highs, foreign fund inflows

  June 16, 2023 16:54 IST

  The 30-share BSE index zoomed 466.95 points or 0.74 percent to settle at a record closing high of 63,384.58. During the day, it rallied 602.73 points or 0.95 percent to 63,520.36.

• 

  Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar

  June 16, 2023 10:21 IST

  Stock markets: The 30-share BSE Sensex jumped 280.62 points to 63,198.25 in early trade. The NSE Nifty climbed 82.8 points to 18,770.90.

• 

  Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 %

  June 15, 2023 22:52 IST

  With the reduction, the effective duty on refined edible oils stands at 13.7 per cent, including cess on social welfare. The effective duty on all major crude edible oils is 5.5 per cent.