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  RBI imposes Rs 1.73 crore penalty on HSBC for non-compliance with Indian norms

  May 08, 2023 22:45 IST

  The Statutory Inspection for Supervisory Evaluation (lSE) of the bank was conducted by the RBI with reference to its financial position as of March 31, 2021, and the examination of the risk assessment report and all related correspondences pertaining to the same revealed, it noted.

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  Govt bans apple imports if its price is less than Rs 50 per Kg

  May 08, 2023 22:23 IST

  The directorate general of foreign trade (DGFT) said in a notification that the imports are free if the price is above Rs 50 per kg.

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  Air India extends voluntary retirement offer for employees till May 31

  May 08, 2023 20:20 IST

  As per the airline, the permanent general cadre officers who have reached the age of 40 or older are eligible for the offer.

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  Sensex, Nifty rebound over 1 pc amid rally in global markets

  May 08, 2023 16:26 IST

  The 30-share BSE Sensex rallied 709.96 points or 1.16 per cent to settle at 61,764.25. During the day, it jumped 799.9 points or 1.31 per cent to 61,854.19.

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  DGCA orders Go First to stop selling air tickets with immediate effect: Report

  May 08, 2023 15:22 IST

  Go First, which has been flying for over 17 years, has suspended the offer of tickets till May 15.

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  Biotech firm Twist Bioscience lays off 25% of workforce

  May 08, 2023 13:43 IST

  The biopharma team has been resized to focus on revenue-generating partnerships and Twist said it will moderate its investment in DNA data storage while maintaining its competitive lead.

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  This UPS maker's profit more than doubles in FY23, stock turns multibagger in 1 year

  May 08, 2023 12:33 IST

  Multibagger stock: According to an exchange filing, the total revenue in FY23 stood at Rs 279 crore as against Rs 144 crore that it had reported in the last financial year.

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  India's gold imports dip 24 per cent to USD 35 billion in 2022-23

  May 07, 2023 11:49 IST

  Business news: The growth rate in the imports was in the negative zone during August 2022 to February this year. It jumped to USD 3.3 billion in March 2023 as against USD 1 billion in the year-ago month, the data showed.

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  FPIs remain buyers of Indian equities; invest Rs 10,850 cr in just four trading sessions

  May 07, 2023 11:39 IST

  Stock Market Updates: The March investment was mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners.

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  ECHO India and AIIMS Deoghar Join hands to host nationwide summit on Tribal Health

  May 06, 2023 21:04 IST

  Tribal Health Summit: The summit included panel discussions on topics such as improving access to healthcare in remote tribal areas, addressing cultural barriers to healthcare, and leveraging technology to improve healthcare outcomes.

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  Greenply dispatches 1st consignment of MDF from Vadodara plant; IPL team LSG flags off 101 trucks

  May 09, 2023 11:17 IST

  Members of the IPL team 'Lucknow Super Giants' were also present on the occasion of the dispatch of this mega consignment of Greenply.

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  India's foreign exchange reserves rise USD 4.5 billion to USD 588.78 billion

  May 06, 2023 14:55 IST

  Business news: In October 2021, the country's foreign exchange reserves touched an all-time high of about USD 645 billion. Much of the decline can be attributed to RBI's recent intervention and a rise in the cost of imported goods.

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  Go First cancels all flights till May 12 after filling for bankruptcy

  May 05, 2023 22:21 IST

  The airline has already filed for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), Delhi.

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  Stock market today: Wall Street bounces ahead of jobs report

  May 05, 2023 19:04 IST

  The US government will report April employment numbers that are expected to show a slowdown in job growth.

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  iPhone sales set new March quarter record, CEO Tim Cook says India is at tipping point

  May 05, 2023 16:59 IST

  Overall, I couldn't be more delighted and excited by the enthusiasm I'm seeing for the brand there. There are a lot of people coming into the middle class, and I really feel that India is at a tipping point, and it's great to be there, said Apple CEO Tim Cook.

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  Sensex, Nifty fall over 1 pc on selling in HDFC twins

  May 05, 2023 16:29 IST

  Both the stocks fell sharply amid reports that the merged HDFC entity could see significant outflow.

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  RBI updates KYC instructions on wire transfers

  May 04, 2023 21:49 IST

  The central bank has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers and also aligned the same with the relevant recommendation of the Financial Action Task Force (FATF).

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  Vistara first airline in India to operate flight on wide-body aircraft using sustainable fuel

  May 04, 2023 20:53 IST

  Vistara operated a Boeing 787 aircraft on the Delhi-Mumbai route using sustainable aviation fuel.

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  IndiGo gets DGCA nod to remove technical paper manuals, to make aircraft lighter

  May 04, 2023 20:29 IST

  IndiGo: The Gurugram-based low-cost carrier has been taking initiatives to reduce the weight on its aircraft, which results in less fuel burn.

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  56th ADB Annual Meeting: Nirmala Sitharaman asks investors to participate in India's growth story

  May 04, 2023 18:27 IST

  ADB Annual Meeting: Participating in the 56th ADB Annual Meeting in South Korea, Nirmala Sitharam elaborated on the vision and reforms-oriented approach towards good governance under the leadership of Prime Minister Narendra Modi to shape 'New India'.

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  Markets rebound; Sensex, Nifty climb nearly 1 pc

  May 04, 2023 16:41 IST

  During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91.

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  Multibagger penny stock: Vikas Ecotech forays into into green-enviro-friendly infra projects

  May 04, 2023 17:46 IST

  The shares of Vikas Ecotech rallies more than 5 per cent on the BSE on the back of announcement.

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  Adani Ports, Special Economic Zone sells Myanmar Port for USD 30 million

  May 04, 2023 15:38 IST

  In May 2022, APSEZ announced signing of a Share Purchase Agreement (SPA) for the sale of its Myanmar Port.

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  Lufthansa grounds third of Airbus A220 fleet due to Pratt & Whitney engine issues

  May 04, 2023 15:25 IST

  The problems with airlines' engines and grounded planes come as the travel industry tries to recover from the devastating Covid pandemic and as demand for travel increases.

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  DGCA asks Go First, which has now cancelled flights till May 15, to refund passengers

  May 04, 2023 13:48 IST

  Go First said it has cancelled flights till May 9 due to operational reasons.

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  Go First bankruptcy: Air India may open doors for cabin, cockpit crew | DETAILS

  May 04, 2023 13:02 IST

  Go First bankruptcy: Recently, Air India had advertised that the airline will hire more than 1,000 pilots for its fleet with the tagline "Let's fly to new heights, together."

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  Gravita India gets loan of 34 million euros, company's shares gain 10%

  May 03, 2023 19:14 IST

  Jaipur-based Gravita is a leading recycling company with 11 manufacturing facilities across the globe having a total capacity of 2.51 lakh MTPA.

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  India's coal production rises 15% to 893 million tonnes in 2022-23

  May 03, 2023 17:44 IST

  The government aims to enhance production to 1,012 million tonnes in the current fiscal.