CATEGORIES

Coal India's process for signing fuel supply pacts becomes digital

Coal India Ltd (CIL) on Tuesday said that it has started the online process of signing fuel supply pacts with its various clients including those in the power sector to ensure ease of business. With this move, CIL has discontinued with the earlier practice of physical submission of official papers, while bank guarantees and other required documents can be submitted through digital mode.

Biz2X surpasses ₹9K crore mark in loan disbursements

Biz2X, a digital lending SaaS platform and subsidiary of Biz2Credit, on Tuesday said it has surpassed Rs 9,000 crore mark in loan disbursements.

BOM Q2 profit surges 44% to ₹1,327 crore

State-owned Bank of Maharashtra (BoM) on Tuesday posted a 44 per cent jump in its profit at Rs 1,327 crore in the second quarter ended September 2024 on account of improvement in interest income.

HDFC AMC Jul-Sep net profit rises 32% to ₹577 cr

HDFC Asset Management Co. Tuesday reported a lower-than-expected net profit for Jul-Sept due to an increase in its tax outgo, after the introduction of a revised long-term capital gains tax in the Union Budget for 2024-25 (Apr-Mar).

Birla confident of VIL's turnaround

Fundraise and subsequent capex cycle have placed Vodafone Idea on a more secure footing, ensuring it remains dynamic and competitive, Aditya Birla Group Chairman Kumar Mangalam Birla said on Tuesday exuding confidence about the telco scripting a turnaround.

SpiceJet settles $23.39 million dispute with Aircastle, Wilmington Trust

Budget carrier SpiceJet on Tuesday said it has successfully settled a USD 23.39 million dispute with two aircraft lessors -- Aircastle and Wilmington Trust, days after amicably resolving a similar dispute with a US-based aircraft leasing firm, BBAM.

Reliance Jio Chairman Akash Ambani wants Indian data to be stored locally

Reliance Jio, the nation's largest telecom company, on Tuesday said Indian users' data must remain within the country as Chairman Akash Ambani pitched for \"incentives\" including that on electricity for Indian companies ready to set up AI and machine learning data centers.

India set to lead global 6G revolution: Scindia

India is resolved to lead the world in 6G, communications minister Jyotiraditya Scindia said on Tuesday, terming the telecom sector of the country as 'aggressive' and 'ambitious'.

PM Modi pitches for global digital rules

Prime Minister Narendra Modi on Tuesday made a fervent pitch for putting in place a global framework for use of digital technology and ethical use of artificial intelligence (AI), saying security cannot be an afterthought in an interconnected world.

‘Spectrum for satcom will be allocated administratively but not without a cost’

Telecom Minister Jyotiraditya Scindia on Tuesday rejected service providers' demand to auction satcom spectrum but made it clear that radiowaves will come with a cost even if assigned without auction for satellite-based communications services.

Don't see impact on trade, investment ties between India, Canada: Sources

The escalation in the diplomatic row between India and Canada will not have an impact on the bilateral trade and investment ties between the two countries, government sources said on Tuesday.

India Inc to maintain 9.5% salary hike in 2025

Corporate India is expected to offer a salary hike of 9.5 per cent in 2025, similar to the 2024 actual salary increase, as companies are balancing optimism with caution, a report said on Tuesday.

Gilts up; sharp fall in crude offsets impact of high Sep CPI

Prices of government bonds ended higher, following a fall in crude oil prices after investor worries of an escalation in the West Asia crisis eased, dealers said.

Govt laying process of development beyond election cycles: Vaishnaw

The government is laying the process of development which is 'beyond the cycle of elections' for India to be able to grow six to seven times the current level to become a developed nation by 2047, Union Minister Ashwini Vaishnaw said on Tuesday.

Govt to sell up to 5% in Cochin Shipyard via OFS

The government on Tuesday said it will sell up to 5 per cent stake in Cochin Shipyard at a floor price of Rs 1,540 a share starting October 16.

Govt examining product disclosures by quick commerce firms

The government is verifying mandatory disclosures on packaged products sold through quick commerce companies, a senior government official said on Tuesday, signalling potential regulatory action against non-compliant firms.

Samsung workers call off strike: TN govt

Over a month-long indefinite strike by the employees of Samsung India Electronics Ltd at its plant near here was called off on Tuesday and the workers have decided to resume work, the Tamil Nadu government said.

Domestic air passenger traffic rises 6% in Sep

Domestic carriers flew 1.30 crore passengers in September, which is 6.38 per cent higher compared to the year-ago period, according to official data released on Tuesday. In September last year, airlines carried 1.22 crore passengers.

Anil Ambani appeals against regulator's order

Industrialist Anil Ambani has filed an appeal with the Securities Appellate Tribunal (SAT) challenging Sebi order barring him from the securities market for alleged diversion of funds from Reliance Home Finance.

Sebi enhances position limits for trading members in index F&O contracts

Markets regulator Sebi on Tuesday said the position limit for Trading Members (TMs) across client and proprietary trades in index futures and options will now be higher of Rs 7,500 crore or 15 per cent of total open interest (OI) in the market.

Sensex, Nifty close lower on selling in Reliance, spike in retail inflation

Benchmark Sensex closed lower by nearly 153 points on Tuesday due to selling in index major Reliance Industries, Bajaj Finance and HDFC Bank as weak quarterly results and spike in inflation dented investor sentiment.

Retail inflation likely to avg 4.5% in 2024-25: RBI DG

The retail inflation is projected to average 4.5 per cent in 2024-25 and align with the target on a durable basis by 2025-26, RBI deputy governor Michael Debabrata Patra has said at a conference here.

Santosh Shelke appointed to BATU's executive committee

The principal of the Shrinath College of Pharmacy, Santosh Shelke, has been appointed as a member of the executive council of Dr Babasaheb Ambedkar Technology University (BATU), Lonere, in Raigad district.

Shubham Ekhande secures 3rd place in SSE

Shubham Ekhande, a 2019 batch student from the Mechanical Engineering branch of Maratha Vidya Prasarak Samaj's Baburao Ganpatrao Thakare College of Engineering (KBT), secured third position at the state level in the merit list for Medical Metrology Inspector in the State Services Examination.

Shreyas Bhogle wins gold in archery

The school division-level outdoor sports competition, organised by the Directorate of Sports and Youth Services (Pune) and Deputy Director, Sports and Youth Services Nashik Division, saw enthusiastic participation. Shreyas Siddharth Bhogle, a student of Boripada Government Secondary and Higher Secondary Ashram School in Trimbakeshwar taluka, represented the Tribal Development Department and won the gold medal in the archery category for the boys' age group of 19 years.

Choosing right anaesthetist as crucial as choosing right surgeon: Dr Kulkarni

While patients or their kin mindfully choose the right surgeon for any surgery, they don't give much attention to choosing the right anaesthetist, who is a critical part of any surgery.

Conflict between Bhujbal-Suhas Kande likely avoided

To avoid a confrontation between the duo, Pankaj Bhujbal has been sworn in as governor-appointed MLC

Youths' participation in polls must for democracy: Swami

\"The freedom we are enjoying today is only because of the democratic system. It is important that the youths should participate in the election process to strengthen and preserve democracy\", opined District Collector Dilip Swami.

Cong, BJP join hands in Haryana: Ambedkar

BJP and Congress joined hands for BJP's victory in Haryana, alleged Vanchit Bhajujan Aghadi (VBA) president Prakash Ambedkar in a press conference at Subhedari Guest House on Monday.

Std VIII girl kills self

A class eighth girl studying in an ICSE school ended her life by jumping from the fourth floor of a building on Monday morning.