Shares of Radiant Cash Management Services made its market debut with nearly 10 per cent premium against the issue price of Rs 94. The stock listed at Rs 99.30, registering a gain of 5.63 per cent against the issue price on the BSE. It further jumped 15.37 per cent to Rs 108.45. At the NSE, [...]
The Indian services sector growth touched a six-month high in December, supported by a robust intake of new work and favourable market conditions, a monthly survey said on Wednesday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 56.4 in November to 58.5 in December, highlighting the strongest rate of expansion [...]
Commerce and Industry Minister Piyush Goyal on Tuesday said the government is considering a new scheme to support domestic manufacturing of machinery and accessories used in the leather industry. He also expressed hope that the country's exports during the current fiscal would register a high growth rate in both goods and services compared to 2021-22. [...]
India will take over the leadership of the Asian Pacific Postal Union (APPU) from this month, an official release said on Tuesday. Following the successful elections held during the 13th APPU Congress held in Bangkok during August-September 2022, Vinaya Prakash Singh, erstwhile Member (Personnel), Postal Services Board, will take over the charge of Secretary General [...]
Digitisation initiatives in India and the work with digital public goods have been extraordinary, Microsoft Chairman and Chief Executive Officer Satya Nadella said on Tuesday, as he highlighted cloud and artificial intelligence among imperatives driving technology-based economic growth in India. By 2025, most applications will be built on cloud-native infrastructure, and nearly 90 per cent [...]
Non-Banking Financial Company IIFL Finance on Tuesday said it will raise up to Rs 1,000 crore through a public issue of secured non-convertible debentures (NCDs). The funds raised through the issue will be used for business growth, IIFL Finance said in a statement, adding that the public issue opens on January 6 and closes on [...]
Country's biggest lender State Bank of India (SBI) on Tuesday said it plans to raise up to Rs 10,000 crore through issuance of infrastructure bonds during the current financial year. The proposal to this effect was cleared by the executive committee of the Central Board, in its meeting, held on Tuesday, the bank said in [...]
The monthly domestic air passenger traffic touched 1.29 crore to cross the pre-COVID level in December 2022, with Civil Aviation Minister Jyotiraditya Scindia terming it as a healthy trend and a good sign for the industry. In December 2019, the domestic air passenger traffic stood at 1.26 crore. "2022 sets new record in air passenger [...]
Punjab National Bank (PNB) on Tuesday increased the interest rate of fixed deposits across various tenures by 50 basis points or 0.5 per cent in a bid to attract deposits. Interest rates on term deposits below Rs 2 crore between one year and three years have been raised by 50 basis points to 6.75 per [...]
Sebi on Tuesday ordered the attachment of bank and demat accounts of Jindal Cotex and its three officials to recover Rs 14.55 crore in a matter related to manipulation in the issuance of global depository receipts (GDR). The recovery proceedings against the four entities -- Jindal Cotex, Sandeep Jindal, Rajinder Jindal and Yash Paul Jindal [...]
