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AIIB puts its projects in Russia, Belarus on hold due to Ukraine crisis

Beijing, Mar 3 (PTI) China-based Asian Infrastructure Investment Bank (AIIB) on Thursday put on hold all its projects in Russia and its ally Belarus, a significant move amid the heightening crisis in Ukraine.The bank's decision was regarded as noteworthy considering that Russia is its third-largest shareholder. India is the second-largest shareholder after China.Former RBI Governor [...]

Smartron India launches 2nd-gen tbike OneX for B2B segment; price at Rs 38,000

Mumbai, Mar 3 (PTI) Technology company Smartron India announced on Thursday the launch of the second-generation e-bike, tbike OneX, priced at Rs 38,000, excluding GST, for the business-to-business (B2B) segment. The multi-modular, multi-purpose and multi-utility vehicle primarily targets rideshare and delivery markets, comes with a top speed of 25 kmph and over 100 km range [...]

CAIT raises traders’ woes in letter to PM

New Delhi, Mar 3 (PTI) Complications in GST, 'malpractices' of e-commerce companies and access to finance are among the key issues facing traders in the country, industry body CAIT said in a letter to Prime Minister Narendra Modi on Thursday. Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal said in a statement that [...]

Societe Generale sells Vedanta shares worth Rs 880-cr

New Delhi, Mar 3 (PTI) Societe Generale on Thursday offloaded 2.24 crore shares of metal major Vedanta Ltd for nearly Rs 880 crore through an open market transaction.According to bulk deal data available with the National Stock Exchange (NSE), Societe Generale sold total 2,2,450,200 shares, amounting to 0.6 per cent stake of the company.The shares [...]

Iran’s cooperative body ICC keen to collaborate with NCUI

New Delhi, Mar 3 (PTI) Iran Chamber of Cooperatives (ICC) has shown interest to work with Indian cooperative union NCUI mainly for training purposes. ICA-AP (International Cooperative Alliance Asia-Pacific) is the regional wing of ICA (International Cooperative Alliance) which is the global body of cooperatives. While NCUI is an apex body of the Indian cooperative [...]
SBI MF collects Rs 8,095 cr through Multicap Fund NFO

SBI MF collects Rs 8,095 cr through Multicap Fund NFO

Largest fund house SBI Mutual Fund on Thursday announced that investors have put Rs 8,095 crore into a new fund offer for a multicap offering, giving it a 15 per cent share of the recently categorised market. Almost the entire sum has been raised from retail investors, and subscriptions came from 82 per cent of [...]

LTTS wins new multiyear deal from Airbus for undisclosed sum

Mumbai, Mar 3 (PTI) LTTS, the engineering services arm of infrastructure major L&T, on Thursday said it has won a multi-year contract from leading aircraft manufacturer Airbus. It, however, did not disclose the overall deal amount for the contract. The company said it has been recognised as a global preferred engineering supplier by Airbus under [...]

World today wants to emulate India story: Goyal

New Delhi, Mar 3 (PTI) Commerce and Industry Minister Piyush Goyal on Thursday said several countries have evinced interest in India's 'Aatmanirbhar Bharat' initiative and want to emulate its growth story. He also said PM Gati Shakti national master plan is a game changer which would be adopted by the whole world. Prime Minister Narendra [...]
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