CATEGORIES

HDFC Bank CFO: Rs 200 cr written back on AIF provisions after RBI clarification

TDFC Bank has done a Hwrite back of around Rs 200 crore or 20 percent on its provisions made to its alternative investment funds (AIFS), said Srinivasan Vaidyanathan, Chief Financial Officer, HDFC Bank.

ULTRATECH ACQUIRES INDIA CEMENTS' 1.1 MTPA GRINDING UNIT FOR RS 315 CR

Ultratech Cement, on April 20, announced its acquisition of a grinding unit from India Cements in Maharashtra for Rs 315 crore

India's development incomplete without developed Kashmir, says Puri

Hardeep Singh Puri, serving as Union Minister of Housing and Urban Affairs and Petroleum and Natural Gas, conveyed a powerful message regarding the pivotal significance of Kashmir in India's developmental trajectory during the 'Viksit Bharat Ambassador meetup' convened in Srinagar on Saturday.

FPIs Sell Rs 5,254 crore in Indian equities amid rising US bond yields, become net sellers in debt mkts

Foreign portfolio investors (FPIs) have shifted their stance in the Indian markets, transitioning from net buyers to net sellers as the momentum of their buying diminished with the onset of the new fiscal year 2024-25 (FY25).

India diversifies trade, exports to China, UAE, Russia, Singapore surge

India's export landscape For the financial year 202324 witnessed notable strides, particularly in markets like China, Russia, Iraq, UAE, and Singapore.

GOVERNMENT AIMING TO ENHANCE INDIA'S APPEAL FOR MANUFACTURING AND SERVICES: FM SITHARAMAN

Speaking about inflation, she said it never crossed the tolerance band, except for one month, under the Narendra Modi government, whereas before that pre-2014) the economy was ina bad shape and inflation was in double digits

EPFO adds 15.48 lakh net members during Feb 2024

Employees’ Provident Fund Organisation’s (EPFO) provisional payroll data highlighted the addition of 15.48 lakh net members in the month of February, 2024, according to a release issued by the Labour Ministry on Saturday. The data indicated that around 7.78 lakh new members were enrolled during February, 2024.

Raptee's 1st EV bike in Chennai

In a significant milestone for the company and the EV industry, Raptee Energy, the Chennai-based innovative electric vehicle (EV) startup, has rolled out its first productionready motorcycle from its manufacturing plant, signalling the company’s transition from startup to a full-fledged EV brand.

ZOMATO GETS RS 11.8 CR TAX DEMAND NOTICE

Online food delivery platform Zomato has received a tax demand and penalty order of Rs 11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021.

NUEGO LAUNCHES E-BUS FOR INTERCITY SERVICE

NueGo is set to revolutionise long-distance travel journey with the launch of India’s first intercity electric bus service in a significant step towards decarbonisation and creating a more sustainable public transportation ecosystem in India.

Court to deliver verdict on SSC recruitment scam

The Calcutta High Court is scheduled to deliver its verdict on Monday (April 22) regarding petitions and appeals concerning purported irregularities in the selection of candidates for government-sponsored and aided secondary and higher secondary schools in West Bengal through a recruitment process initiated in 2016.

CJ] CHANDRACHUD URGES T0 VOTE

Chief Justice of India DY Chandrachud of India has urged citizens not to overlook the opportunity to vote in the general elections, emphasizing it as the “foremost duty” in a constitutional democracy.

Court reserves order on Kejriwal’s plea for medical assistance

Delhi’s Rouse Avenue Court has reserved its order on a plea filed by Delhi Chief Minister Arvind Kejriwal, seeking directions to Tihar jail authorities to administer insulin and allow him to consult doctors via video conferencing daily for 15 minutes due to his acute diabetes and fluctuating blood sugar levels.

COURT GRANTS BAIL TO YES BANK FOUNDER

A Mumbai Court has granted bail to Yes Bank founder RanaKapoor in an alleged loan fraud case on Friday in Mumbai.

Rise of philosopher-manager in corporate leadership

Translating it to modern world, philosopher-manager cultivates critical thinking, inquisitiveness and inquiry.

INDIAN OEMS YET TO ADOPT INVENTORY MANAGEMENT PRACTICE

No Indian auto manufacturer till date has implemented just-In-time (JIT) end-to-end in supply chain, a widely adopted inventory management practice in the auto manufacturing industry, thus running the risk of sudden shifts in orders and bloated inventory which leading to potential disruptions in operations and financial strain.

Toyota launches new Innova HyCross model

Toyota Kirloskar Motor (TKM) has introduced a new grade in the Innova HyCross the GX (O) petrol variant.

INDUSTRY HOPES FOR BETTER CHARGING INFRA

Tesla has been exploring the possibility of establishing a manufacturing plantin the country, in lieu of customs duty concessions.

GEMS, JEWELLERY EXPORTS IN FY24 DIP BY 12.2%

Gems and jewellery exports declined by 12.17 per cent to Rs 2,65,187.95 crore (USD 32,022.08 million) during 2023-24, compared to the previous financial year due to high interest rates in the US and slow recovery in China, Gem and Jewellery Export Promotion Council (GJEPC) data showed.

World Bank received USD 11 billion funds for new financial instruments

The World Bank has received endorsements of USD 11 billion for the new financial instruments aimed at boosting lending capacity and addressing shared global challenges.

INDIA MUST CONTINUE REFORMS FOR SUSTAINED GROWTH: IMF

India is on a sustained growth path driven by consumption and public investments, India’s economic performance stands out against a backdrop of global uncertainties said Krishna Srinivasan IMF Director, Asia and Pacific Department in an Exclusive interview to ANI.

FOREIGN INVESTORS EXIT INDIAN DEBT MARKET AMID GLOBAL UNCERTAINTY

JP Morgan emerging market index will see a1 weightage starting June 2024 and increasing by 1 every month to capat10 ceiling by April 2025.

NEED FOR INDIA-BANGLADESH ECONOMIC COOPERATION DEAL: CUTS

India needs exploring partnership opportunities to navigate the changing trade dynamics effectively.

India calls for balancing energy stability amidst oil volatility

India has emphasised the importance of balancing market stability, affordability, with pragmatism and its commitment to support efforts to achieve balance in global energy markets amidst recent trends and volatility in global oil markets.

Govt renewable power co IREDA achieves all-time high profit

Indian Renewable Energy Development Agency Ltd. (IREDA) achieved an all-time high annual Profit After Tax (PAT) of Rs. 1252.23 crore in its audited financial results for the fiscal year 2023-24, the company informed in an exchange filing on Friday.

Viksit Bharat not a high-flying dream, itis achievable: FM

Finance Minister Nirmala Sitharaman articulated her vision for Viksit Bharat 2047 during an interaction held at the Gujarat Chamber of Commerce and Industry (GCCI) premises in Ahmedabad on Saturday. “Viksit Bharat is not a highflying dream;

'Restoration of Indian economy since 2014 a lesson for Harvard'

The restoration of the Indian economy, especially banks since 2014 is actually a lesson for the Harvard Business School said finance minister Nirmala Sitharaman, while addressing the gathering at the Gujarat Chambers of Commerce and Industry (GCCI), in Ahmedabad on Saturday. The finance minister was speaking on the topic Vikshit Bharat 2047.

CCPA URGES FSSAI PROBE: NESTLE ACCUSED OF ADDING SUGAR TO BABY PRODUCTS

The Central Consumer Protection Authority (CCPA) urged FSSAI to investigate Nestle India for allegedly adding sugar to baby products

'Nation's mood is for PM Modi's leadership': NCP (Ajit Pawar faction) leader Praful Patel

As the voting in the first phase of 2024 general election is underway, Nationalist Congress Party (Ajit Pawar faction) Praful Patel said on Friday that the mood of the nation is for development and for Prime Minister Narendra Modi’s leadership.

Bajaj Auto's Pulsar hits Rs 10,000 cr mark; New variant coming in May 2024

FY24 has been a remarkable year for Bajaj Auto’s Pulsar, achieving two significant milestones—record breaking sales volume and reaching the prestigious Rs 10,000 crore mark as a brand. To capitalize on this success, Bajaj Auto has announced plans to launch six new models in the first half of FY25, starting with the largest Pulsar variant in early May.