CATEGORIES

Telcos monthly avg revenue per user climbs 8% to ₹157.45 in Jun qtr: Trai

In signs of improving financial metrics of telecom firms, the monthly average revenue for mobile services rose over 8 per cent year-on-year to Rs 157.45 per user in the quarter ended June 2024, according to a Trai report.

Hyundai Motor India to float ₹27,870-cr IPO on October 15

Hyundai Motor India Ltd (HMIL), the Indian arm of South Korean automaker Hyundai, on Wednesday said it has fixed a price band of Rs 1,865-1,960 per share for its Rs 27,870 crore initial public offering (IPO) that opens for subscription on October 15.

HDFC Life Insurance to raise ₹1,000 cr via NCDs

HDFC Life Insurance on Wednesday said the insurer plans to raise Rs 1,000 crore through non-convertible debentures to fund business growth.

Fortis Healthcare board approves raising of up to ₹1,500 cr via NCDs

Fortis Healthcare Ltd on Wednesday said its board has approved raising of up to Rs 1,500 crore through issue of non-convertible debentures on a private placement basis.

Peak power demand to touch 270 GW next fiscal

The peak power demand is expected to touch the 270 GW mark next fiscal and reach a level of 446 GW by 2035, Central Electricity Authority Chairperson Ghanshyam Prasad said on Wednesday.

UPI Lite wallet limit enhanced to ₹5,000

The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to Rs 5,000 and per-transaction limit to Rs 1,000, in order to encourage wider adoption of the popular instant payment system through mobile phones.

‘RBI misses opportunity to spur hsg demand’

The RBI should have cut key interest rates to boost growth in the real estate sector and the overall economy as any reduction in mortgage rates would have further accelerated housing demand in the current festive quarter, according to industry players.

RBI moots non-levy of foreclosure charges on micro, small cos loans

The Reserve Bank of India has decided to broaden the scope of regulations to micro and small enterprises loans, which restrict banks and non-banking finance companies from leving any foreclosure charges or prepayment penalties on floating rate term loan to individual borrowers, Governor Shaktikanta Das said.

Sensex reverses gains on fag-end selling

Benchmark Sensex reversed its gains and closed lower by 167 points on Wednesday due to profit-taking in select blue-chips in the last hour even as the RBI took the first step towards a rate cut in its monetary policy review.

Govt plans new PLI scheme for drones sector

The government plans to come out with a new Production-Linked Incentive (PLI) scheme for the drones sector that will be more effective in terms of implementation, documentation and other aspects.

Elevated rates not impinging growth: Das

After opting for a status quo for the tenth consecutive policy review, Governor Shaktikanta Das on Wednesday said Reserve Bank's elevated rates are not impinging on growth.

Carbon tax proposed by EU unilateral, arbitrary to hurt India's export: FM

Finance Minister Nirmala Sitharaman on Wednesday said the Carbon Border Adjustment Mechanism or CBAM is unilateral and arbitrary and will hurt India's exports after its implementation by the European Union.

RBI's decision to adopt 'neutral' stance opens door for rate cut in near future: Experts

The RBI's decision to keep the benchmark interest rate unchanged while shifting to a 'neutral' policy stance opens the door for a rate cut in the near future, experts said on Wednesday.

RBI MPC shifts gear to 'neutral'

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday for the tenth straight time, but took the first step towards a rate cut as it eased its relatively hawkish policy stance to 'neutral'.

‘Need to keep 'inflation horse' under tight leash’

The Reserve Bank on Wednesday retained the retail inflation projection at 4.5 per cent for fiscal 2024-25, with Governor Shaktikanta Das stressing that the central bank will have to closely monitor the price situation and keep the \"inflation horse\" under tight leash lest it may bolt again.

Investors pushing some NBFCs to grow fast; unsustainable practices will invite action: RBI

The Reserve Bank on Wednesday said it has come across instances of investors pushing some non-banking finance companies (NBFCs) to grow aggressively, which is leading to inappropriate business practices.

Thieves loot temple donation box

Thieves broke open a donation box in a temple in the Shivajinagar area and stole the cash accumulated over the last two months.

Condition of sanitary workers reviewed

The member of the National Sanitary Employees Commission, PP Vava, is on a visit to the Nanded district. He reviewed the condition of the sanitary workers working in the Nanded Waghala City Municipal Corporation in a meeting held on Monday.

Institutionalising mother's mental wellbeing in Maha

A newborn baby always brings joy, excitement and love to the family.

4 ITIs renamed

State's Skill Development Minister Mangal Prabhat Lodha changed the names of 143 government industrial institutes recently. Accordingly, the names of four industrial institutes have been changed in the Nanded district.

Rumblings in AIMIM ahead of Maha polls

In the run-up to Maharashtra Assembly elections, a senior AIMIM leader has alleged that the party has sidelined him after his name did not feature on a list of five candidates announced recently.

NMC seeks guidance to revoke or adjust tax hike

Guidance has been sought from the government to cancel or adjust the unfair tax hike.

Anti-harassment drive against kiosks and shops

The crackdown has taken place as part of the administration's efforts to curb incidents of eve-teasing

Survey highlights tribal needs

Study reveals gaps in scheme benefits for tribal communities

Express trains to halt at Kirloskarwadi & Sangli

Central Railway has decided to provide a halt to train number 12780/12779 Nizamuddin-Vasco da Gama Goa Express at Kirloskarwadi and train number 22685/22686 Yashwantpur-Chandigarh Karnataka Sampark Kranti Express at Sangli Railway station.

Heavy vehicle menace claims one more life

The menace of heavy vehicles on Pune roads continues unabated. Despite the Traffic Police banning heavy vehicles from plying on city roads during the day, these vehicles frequently violate the rules, leading to fatal accidents.

CR's Pune Division earns ₹184.90cr in September

Central Railway's Pune Division earned a whopping ₹184.90 crore in revenue in September, a 23.90% increase compared to September 2023.

"'Annual Monsoon Workshop 2024' on October 18

The Indian Meteorological Society (IMS) Pune Chapter, in association with Savitribai Phule Pune University (SPPU), is going to conduct an 'Annual Monsoon Workshop 2024' on Oct 18.

Wakad-Chandani Chowk service road turns into garbage dump

Commuters allege that passers-by dump garbage, and the PMC has not been seen taking any action to prevent or control the situation

Liquor worth ₹40k and ₹15k cash stolen from bar

Even as the news of the theft of Amba Barfi and dry fruits from a shop in Yerwada has not become old, a bar in Pune city in the Kondhwa area was looted by thieves on Monday midnight.