RBI issues new order on credit cards to give customers more choice
Mumbai, March 6 - The RBI on Wednesday issued a directive barring credit card issuers (banks and non-banks) from entering into any arrangement or agreement with card networks such as American Express, MasterCard Asia, Diners Club and Rupay that restrain them from availing
Tata Power installs 1,000 green energy-powered EV charging points in Mumbai
Mumbai, March 6 - Tata Power on Wednesday said it has achieved over 1,000 of its EV charging points in Mumbai which are powered by green energy.
Hyundai, Kia unveil latest electrification technology for EVs
Seoul, March 6 - South Korea's leading automakers Hyundai Motor and Kia said on Wednesday that they showcased the latest technologies involving their electric vehicles (EV) at the annual EV Trend Korea exhibition here.
RBI’s punitive actions will keep NBFCs on the edge
New Delhi, March 6 - In continuation with its system clean-up mission, the RBI imposed an embargo on IIFL’s gold loan business on March 4 and on JM Financial Products’ (subsidiary of JM Financial) loan against shares & IPO financing business the next
Bira 91 raises $25 mn to expand manufacturing footprint
New Delhi, March 6 - B9 Beverages Ltd, Bira 91's parent company, on Wednesday said it is raising $25 million in new funding from Tiger Pacific Capital, an Asia-focused fund headquartered in New York and Hong Kong.
Elon Musk wanted ‘absolute control’ of the company: OpenAI
New Delhi, March 6 - Sam Altman-run OpenAI has hit back at Elon Musk’s lawsuit, saying as the company discussed a for-profit structure in order to further the mission, “Musk wanted us to merge with Tesla or he wanted full control”.
Rajasthan Tourism pavilion becomes centre of attraction at ITB Berlin travel show
Jaipur, March 5 - The pavilion of the Rajasthan Tourism became the centre of attraction at the ITB Berlin, the world’s premier B2B travel show, on Tuesday.
Market value of Tata Sons’ listed investments estimated at Rs 16 lakh crore
New Delhi, March 5 -Tata Sons’ could potentially fetch a value of Rs 7-8 trillion at current market capitalisation of Tata Group companies, as per investment banking firm Spark PWM.
MGL cuts CNG prices for Mumbai, surroundings from midnight
Mumbai, March 5 - The Mahanagar Gas Ltd (MGL) on Tuesday announced a reduction in CNG prices by Rs 2.50 per kg for Mumbai and Mumbai Metropolitan Region.
Gadkari unveils highway projects worth Rs 4,000cr in Himachal
Hamirpur (HP), March 5 - Union Minister for Road Transport & Highways Nitin Gadkari on Tuesday inaugurated and laid the foundation stones of 15 National Highway projects and a Ropeway project entailing an investment of Rs. 4,000 crore in the Himalayan state of
Here’s all you need to know about RBI’s Unclaimed Deposits portal
Mumbai, March 5 - The Reserve Bank of India (RBI) on Tuesday issued a set of frequently asked questions (FAQs) about its UDGAM portal to help people recover their funds that are stuck in unclaimed deposits/ accounts with banks.
Income Tax Dept allows trusts to rectify their error over Form 10B/10BB till March 31
New Delhi, March 5 - The Central Board of Direct Taxes (CBDT) has given more time to trusts and institutions which have submitted the wrong forms to claim income tax exemption, to rectify their error and submit their audit reports with the forms
RBI bars JM Financial from giving loans against shares, debentures
New Delhi, March 5 - The Reserve Bank of India (RBI) on Tuesday directed JM Financial Products Limited to cease and desist, with immediate effect, from doing any form of financing against shares and debentures, including sanction and disbursal of loans against initial
Centre rolls out 200 CNG stations across 17 states in big push to green economy
New Delhi, March 5 - Minister for Petroleum and Natural Hardeep Singh Puri on Tuesday dedicated to the nation as many as 201 Compressed Natural Gas (CNG) stations across 17 states and India’s first small-scale LNG unit at Vijaipur in Madhya Pradesh as
Nifty snaps four-day winning streak on account of profit booking
Mumbai, March 5 - Nifty snapped a four-day winning streak on Tuesday on account of profit booking, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
Digital lending platform mPokket raises up to Rs 500 crore from BPEA Credit
New Delhi, March 5 - Digital lending platform mPokket on Tuesday said it has raised up to Rs 500 crore (around $60 million) in debt capital from BPEA Credit's private credit platform.
India’s inclusion in Bloomberg Bond Index likely to attract investment exceeding $5 bn
New Delhi, March 5 - The decision to include Indian bonds in the Bloomberg Emerging Market Index, coming after the decision of JP Morgan to include India in the JP Morgan’s Emerging Market Bond Index, is a vote of confidence in the Indian
Govt targets 5-fold jump in India’s share of global space economy
Ahmedabad, March 5 - India’s Space economy stands at a modest $8 billion, but the government is targeting a five-fold increase in the country’s share of the global space economy, Union Minister Jitendra Singh said on Tuesday.
India story revolves around robust earnings growth: HSBC’s Van Der Linde
New Delhi, March 5 - The India story is not overly dependent on macro factors such as decisions by the central bank or interest rates in the country but revolves around visible and robust earnings growth, Herald Van Der Linde, head of Asia
Rajasthan: NABARD announces priority sector credit potential of Rs 3.62 lakh crore for FY 2024-25
Jaipur, March 5 - In a significant move towards fostering integrated and sustainable rural prosperity, the National Bank for Agriculture and Rural Development (NABARD) has announced a projected priority sector credit potential of Rs 3.62 lakh crore for the financial year 2024-25.