RBI slaps fines on Bank of India & Bandhan Bank for breach of rules
Mumbai, March 13 - The Reserve Bank of India (RBI) has imposed fines on Bank of India and Bandhan Bank for breach of rules, the central bank said on Wednesday.
Investors rushing to book profits triggers Nifty selloff
Mumbai, March 13 - The Nifty on Wednesday witnessed a massive sell-off as investors and traders rushed to take whatever profits were left on the table to offset the losses on their recent trades, said Deepak Jasani, Head of Retail Research at HDFC
Cabinet approves two more metro lines for Delhi at cost of Rs 8,399 crore
New Delhi, March 13 - Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the development of two more Delhi Metro corridors -- Lajpat Nagar to Saket G Block and Inderlok to Indraprastha -- with an investment of Rs 8,399 crore,
NHAI advises Paytm users to get new FASTag from other banks before March 15
New Delhi, March 13 - National Highways Authority of India (NHAI) on Wednesday advised Paytm FASTag users to procure a new FASTag issued by another bank before March 15, 2024.
Reliance Ethane Holding invests in three wholly owned subsidiaries
New Delhi, March 13 - Reliance Ethane Holding Pte Ltd (REHPL), a wholly owned subsidiary of Reliance Industries, has invested in 34,300,000 ordinary shares of face value of USD 1 each for cash at par, in each of its three wholly owned subsidiaries,
Battery-tech startup Lohum secures $54 million to expand footprint
New Delhi, March 13 - Lithium-ion battery pack maker Lohum on Wednesday said it has raised $54 million (Rs 450 crore) in series B funding from Singularity Growth, Baring Private Equity, Cactus Venture Partners and Venture East, among others.
ADB supports climate-resilient water management in Bangladesh
Manila, Mach 13 - The Asian Development Bank (ADB) on Wednesday said it approved a loan of 71 million US dollars to improve flood control, irrigation, and water resources management in Bangladesh.
Look forward to expanding our collaboration with Adani Group: Qualcomm CEO
New Delhi, March 12 - The President and CEO of chip-maker Qualcomm, Cristiano Amon, said on Tuesday that he looks forward to expanding the company's collaboration with the Adani Group.
Industrial production clocks 3.8 pc growth in January
New Delhi, March 12 - India’s industrial production clocked a 3.8 per cent growth in January, according to data released by the Ministry of Statistics on Tuesday.
Food prices in New Zealand see smallest annual increase in almost 3 years
Wellington, March 13 - New Zealand's food prices increased 2.1 per cent in the 12 months to February 2024, the smallest increase since May 2021, according to the statistics department Stats NZ on Wednesday.
PM Modi to lay foundation stone of 3 chip plants, address youth on job creation
New Delhi, March 12 - Giving a push to his vision to position India as a global hub for semiconductor design, manufacturing and technology development, Prime Minister Narendra Modi will lay the foundation stone of three semiconductor projects worth about Rs 1.25 lakh
10 to 12 lakh people visit Jan Aushadhi Kendras daily: Health Min Mandaviya
New Delhi, March 12 - About 10 to 12 lakh people visit Jan Aushadhi Kendras every day in the country, said Union Minister for Health and Family Welfare, Dr. Mansukh Mandaviya, here on Tuesday.
Health insurance plans are too generic to warrant the attention of Indian women
New Delhi, March 12 - Future Generali India Insurance Company, one of India’s leading private general insurance players, today announced the findings of #PowHer Survey - an exclusive survey powered by Unomer. The survey focused on gauging the pulse of Indian women when
Gadkari approves Rs 494 crore outlay for 4-laning highway to Jim Corbett Park
New Delhi, March 12 - Union Minister for Road Transport & Highways Nitin Gadkari on Tuesday approved an allocation of Rs 494.45 crore for the 4-laning and upgradation of the Kashipur to Ramnagar section of National Highway 121in Udham Singh Nagar and Nainital
Centre approves Rs 224 crore outlay for J&K’s Shopian bypass
New Delhi, March 12 - Union Minister for Road Transport & Highways Nitin Gadkari announced on Tuesday that an allocation of Rs 224.44 crore has been sanctioned for the construction of the Shopian Bypass on National Highway-444 in Jammu & Kashmir.
Indian economy continues to show resilience to external risks: UBS
New Delhi, March 12 - The Indian economy has been in a sweet spot lately, with manageable macro risks, global brokerage, UBS said.
Centre approves Rs 1,347 crore package for highway projects in Andhra Pradesh
New Delhi, March 12 - Union Minister for Road Transport & Highways Nitin Gadkari said on Tuesday that an allocation of Rs 1,346.81 crore has been approved for the 4-laning of National Highway-716 section that runs from the Tamil Nadu-Andhra Pradesh border to
Centre sanctions Rs 6,621 crore for 265 km Frontier Highway in Arunachal Pradesh
New Delhi, March 12 - Union Minister for Road Transport & Highways Nitin Gadkari said on Tuesday that an allocation of Rs 6621.62 crore has been sanctioned for the construction of eight packages on National Highway-913, designated as the Frontier Highway in Arunachal
Strong demographic trend a structural positive for India: Morgan Stanley
New Delhi, March 12 - India’s demographic trend of a younger workforce positions it positively as most large economies face shrinking working-age populations and tight labour markets, global brokerage, Morgan Stanley said.
SpiceJet’s stock drops nearly 10 pc as CCO, COO reportedly asked to resign
New Delhi, March 12 - The stock value of SpiceJet dropped by close to 10 per cent during Tuesday's trading session following the announcements of two top-level executives stepping down.