RBI bars IIFL Finance from sanctioning or disbursing gold loans
Mumbai, March 4 - The Reserve Bank of India (RBI) on Monday directed IIFL Finance Ltd. to stop sanctioning or disbursing gold loans or assigning/securitizing/selling any of its gold loans with immediate effect.
Govt cuts warehouse charges to help farmers
New Delhi, March 4 - Union Consumer Affairs, Food & Public Distribution Minister Piyush Goyal on Monday said that the agriculture sector will be the foundational pillar spearheading the nation towards becoming 'Viksit Bharat' by 2047.
Ola’s S1 Pro electric scooter gets PLI certification to boost green mobility
Bengaluru, March 4 - Ola Electric's S1 Pro electric scooter has received the domestic value addition (DVA) certification under the production-linked incentive (PLI) scheme for the automobile and auto component industry, the Centre said on Monday.
China’s reversion to its ‘old’ growth model being witnessed in recent years
New Delhi, March 4 - China’s re-opening rebound was one of the biggest market bets gone wrong in 2023, with the housing market (60 per sent of household assets) seeing the worst downturn in the country's history, dragging down growth and consumption, Emkay
Interoperable payment system for Net banking to be launched this year: RBI chief
Mumbai, March 4 - RBI Governor Shaktikanta Das on Monday said that the interoperable payment system for internet banking is expected to be launched this year to facilitate quicker settlement of funds for merchants.
Tata Motors to demerge business into two separate listed companies
New Delhi, March 4 - The Board of Directors of Tata Motors Ltd (TML), at its meeting on Monday, approved the proposal of demerger of Tata Motors Ltd into two separate listed companies, housing the commercial vehicles business and its related investments in
‘Increasing women workforce key for India to become $7 trillion economy’
New Delhi, March 4 - India's goal to become a $7 trillion economy is only possible when participation of women in the workforce increases by 50 per cent, according to an expert on Monday.
Nifty extends gains for fourth session to end at record high
Mumbai, March 4 -+ India's benchmark indices extended gains for the fourth session on Monday to end at record high, said Devarsh Vakil, Deputy Head Retail Research, HDFC Securities.
We have strong & proactive govt that won’t fall for Big Tech’s lies: Anupam Mittal
New Delhi, March 4 - Continuing his fight against Google’s new Play Store policies, Shaadi.com Founder and CEO Anupam Mittal on Monday said this is the new Digital East India Co and if we don’t put in the right safeguards now, nothing can
Tough demand environment continues for IT services
New Delhi, March 4 - An analysis of the latest quarterly results of 24 global companies indicate no material improvement in the demand environment, as macro uncertainties prevail, Emkay Global Financial Services said in a report.
Scindia inaugurates India’s first Green Hydrogen plant in stainless steel sector
New Delhi, March 4 - Union Steel Minister Jyotiraditya M. Scindia on Monday virtually inaugurated India's first Green Hydrogen Plant in the stainless steel sector located at Jindal Stainless Limited in Haryana's Hisar.
Poultry companies to log 5-6 pc revenue growth
Chennai, March 4 - Credit rating agency ICRA expects the revenue growth for its sample set of domestic poultry companies to improve mildly to about 5-6 per cent in FY2025 after an estimated modest Year-on-Year (YoY) growth of about 3-4 per cent in
India okays rice exports to Africa in outreach to Global South
New Delhi, March 4 - The government has, as part of India's outreach to the Global South, allowed the exports of 1,10,000 tonnes of rice to three African countries to help them meet their food security needs.
Indian economy to grow at 7.8 pc in FY25
Chennai, March 4 - The Indian economy is expected to grow at 7.8 per cent in FY25, said an economist in Bank of Baroda in a report.
ADIA acquires shares in SpiceJet
New Delhi, March 4 - Abu Dhabi Investment Authority (ADIA) recently acquired shares of Spicejet from the open market.
Govt to launch Bharat Semiconductor Research Centre soon: Rajeev Chandrasekhar
Chennai, March 4 - The government is soon expected to launch the coveted Bharat Semiconductor Research Centre, which will be a global standard academia-government-private sector-start-up partnered institution, said Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, on Monday.
IBM expands Technology Expert Labs in India to boost adoption of genAI
New Delhi, March 4 - Tech major IBM on Monday announced the expansion of its Technology Expert Labs capacity in India to accelerate the adoption of generative artificial intelligence (genAI) and key technologies.
Consumers exhibit a strong preference to place deposits in 1-3 year category
New Delhi, March 4 - Consumers continue to exhibit a strong preference to place deposits in the 1-3-year category, as per a report by Kotak Institutional Equities on deposit trends across banks.
Moody’s ups India’s growth forecast, expects policy continuity after LS poll
Mumbai, March 4 - Moody's Investor Service on Monday raised India’s GDP growth forecast and expects the country to remain the fastest growing economy among the G-20 nations in 2024.
Passenger vehicles, two-wheelers maintain positive run
New Delhi, March 4 - Auto sales maintained the trends, with passenger vehicles and two-wheelers maintaining a positive run, whereas commercial vehicles and tractor segment sales momentum continued to be weak, Kotak Institutional Equities said in a report.