Business News India
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Japan Airlines appoints former cabin attendant as first female president days after jet crash
Business | Jan 17, 2024, 05:08 PM ISTThe appointment comes when Japanese companies are under scrutiny to enhance gender diversity and address the gender pay gap in the country.
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HDFC Bank Q3 profit surges 34 per cent to Rs 16,373 crore, NPAs decline to 0.31 per cent
Business | Jan 16, 2024, 05:02 PM ISTThe total income on a standalone basis for the bank stood at Rs 81,720 crore in the third quarter of FY24, compared to Rs 51,208 crore in the same period of the previous year.
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Ram temple consecration to generate Rs 1 lakh crore worth of business: Report
Business | Jan 15, 2024, 05:13 PM ISTThe markets are witnessing a surge in demand for Shri Ram flags, banners, caps, t-shirts, and printed 'kurtas' with the image of the Ram temple. There is a growing demand for models of the Ram Mandir, with projections indicating the sale of over 5 crore models throughout the country.
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HDFC Life Q3 net profit climbs 16 per cent to Rs 365 crore led by market rally
Business | Jan 12, 2024, 05:51 PM ISTThe net premium income for HDFC Life Insurance rose by 6 per cent to Rs 15,273 crore in the quarter, while the value of new businesses declined by 2 per cent.
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Rupee climbs for eighth straight day by 11 paise to 82.90 against US dollar
Business | Jan 12, 2024, 04:57 PM ISTThe rupee started the session weaker at 83.08 against the US dollar at the interbank foreign exchange, fluctuating between 82.86 and 83.10. The currency eventually settled at 82.90.
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Arvind Panagariya appointed as 16th Finance Commission Chairman
Business | Dec 31, 2023, 03:54 PM ISTBesides suggesting tax devolution between the Centre and states and revenue augmentation measures, the commission would review the present arrangements for financing disaster management initiatives with reference to the funds constituted under the Disaster Management Act, 2005.
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SEBI extends deadline to add nominees in mutual funds, demat accounts to June 2024
Business | Dec 27, 2023, 10:03 PM IST"Based on representations received from market participants, for ease of compliance and investor convenience, it has been decided to extend the last date for submission of 'choice of nomination' for demat accounts and mutual fund folios to June 30," the Securities and Exchange Board of India said.
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India's forex reserves jump USD 9.112 billion to USD 615.971 billion
Business | Dec 22, 2023, 06:28 PM ISTExpressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves. Gold reserves were up USD 446 million to USD 47.577 billion during the week, the RBI said.
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SEBI streamlines process for investors to access unclaimed funds in REITs, InvITs, debt securities
Business | Nov 09, 2023, 11:11 AM ISTGoing by circulars, SEBI has defined the manner of handling the unclaimed amounts lying with REITs, InvITs, and in the escrow accounts of the listed entities (which are not companies), transfer of such amounts to IPEF and claim thereof by the investors.
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11 firms enter Rs 1 trillion market capitalisation club, says report
Business | Nov 09, 2023, 09:36 AM ISTAmong the entrants, Adani Power’s m-cap was the highest at Rs 1.52 trillion, DLF at Rs 1.47 trillion and Hindustan Aeronautics with a m-cap of 1.37 trillion. Jio Financial Services, which listed on the Indian markets on August 21 (Monday), climbed to the Rs 1 trillion-mark on the very same day.
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Adani's Colombo port terminal project to get USD 553 million funding from US DFC
Business | Nov 08, 2023, 01:40 PM ISTAdani Group: CEO Scott Nathan that DFC works to drive private sector investments that advance development and economic growth while strengthening the strategic positions of our partners. That’s what we’re delivering with this infrastructure investment in the Port of Colombo.
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RBI appoints Manoranjan Mishra as new Executive Director
Business | Nov 02, 2023, 07:25 AM ISTReserve Bank of India news: Manoranjan Mishra is a post-graduate in economics and MBA (banking and finance). He also holds a master's degree in finance and financial regulation from Aston Business School, UK.
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SEBI bans 'Baap of Chart', other entities for unauthorised investment advisory services | DETAILS
Business | Oct 26, 2023, 10:21 PM ISTBaap of Chart SEBI: In its 45-page interim order cum show cause notice, SEBI found that Rs 17.21 crore has been accumulated during a period of just over two years from carrying out investment advisory activities, which are both unregistered and fraudulent.
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Zepto appoints Ankit Agarwal as Chief Product Officer
Business | Sep 08, 2023, 11:20 AM ISTZepto news: Ankit Agarwal said his focus will be on building a product team that makes the "most customer-obsessed choices, and at the same time operates with very high financial discipline."
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India's rank moves up to 11th position in global direct selling
Business | Aug 22, 2023, 06:25 AM ISTThe WFDSA report mentioned that the global direct selling industry reported a decline of 1.5 per cent in 2022 to USD 172.89 billion.
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RBI may continue to hold rate amid concern over inflation: Experts
Business | Aug 06, 2023, 01:22 PM ISTThe RBI Governor-headed six-member Monetary Policy Committee's meeting is scheduled on August 8-10. The policy decision will be announced on August 10 by Governor Shaktikanta Das.
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GST Day 2023: "Goods and Services Tax has done justice to consumers by...," says Nirmala Sitharaman
Business | Jul 02, 2023, 07:01 AM ISTNirmala Sitharaman on GST: Finance Minister added that many common-use items and services have been exempted from GST for the benefit of the people.
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World Bank approves USD 1.5 billion financing for India's low-carbon transition
Business | Jun 30, 2023, 11:50 AM ISTNoting India as one of the fastest-growing large economies in the world, it said the country's energy demand is expected to grow rapidly as the economy expands.
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GoFirst flights grounded for almost 2 months after it filed 'insolvency' | READ
Business | Jun 22, 2023, 08:59 AM ISTGo First update: Earlier, the airline said that operations would remain cancelled till June 22 (Thursday). Aircraft of the cash-strapped carrier have been grounded since May 3.
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With new policy framework in place, logistics major hopes to drive topline growth
Business | Jun 09, 2023, 03:22 PM IST2023 marks a defining moment for the logistics industry as it is likely to see progress on efficient transportation, resource deployment and optimisation.