Public sector Indian Bank has signed a memorandum of understanding with the Tamil Nadu e-Governance Agency, the city-headquartered bank said on Tuesday. The agreement is to integrate the Indian Bank Payment Aggregator platform with the e-Governance Applications of various departments in Tamil Nadu. "With this MoU, all government departments can avail plug and play platform [...]
The Singapore Exchange on Tuesday said NSE IFSC-SGX Connect at International Financial Service Center in GIFT City will become operational on July 3 after the transition of SGX Nifty derivatives to NSE IFSC. The move will enable investors to trade in dollar-denominated Nifty futures contracts available on the SGX in Gujarat International Finance Tec-City or [...]
Passenger vehicle leaders Maruti Suzuki India and Hyundai Motor saw their market share dip in FY23 as compared with FY22 as they struggled with shortage of electronic components, according to automobile dealers' body FADA. Tata Motors, Mahindra & Mahindra and Kia India on the other hand witnessed an increase in their market share based on [...]
Benchmark equity indices Sensex and Nifty closed lower for a second day on Tuesday as investors remained cautious amid disappointing earnings from IT majors TCS and Infosys. Fall in index major Reliance Industries, HDFC Bank and ICICI Bank and fresh foreign fund outflows also dented sentiment. Reversing its early gains, the 30-share BSE Sensex fell [...]
Dubai-based aerial work platform rental firm Manlift Group has planned an additional investment of up to 25 million euros in India as it is eying massive expansion in the country over the next five years. Manlift India has been operational since 2010 and has already invested up to 70 million euros in the country by [...]
Jindal Stainless Ltd on Tuesday said it supplied 300 metric tonnes of stainless steel for 125-ft tall statue of B R Ambedkar in Telangana. On April 14, Telangana Chief Minister K Chandrasekhar Rao unveiled the 125-ft tall statue of Babasaheb in Hyderabad on the occasion of his 132nd birth anniversary. In a statement, the steel [...]
India's sugar production fell 6 per cent to 311 lakh tonnes till April 15 of the 2022-23 marketing year ending September, mainly due to lower output in Maharashtra, according to industry body ISMA. The sugar marketing year runs from October to September. Sugar output stood at 328.7 lakh tonnes in the corresponding period of the [...]
Healthy investments, innovation and integration with value chains will help India's textiles and apparel sector to register healthy growth in manufacturing and exports, AEPC said on Tuesday. Newly appointed secretary general of the Apparel Export Promotion Council (AEPC) Mithileshwar Thakur said the focus should be on building scale, skill and technology besides diversification of products [...]
The Centre has asked states and Union territories to take steps to mitigate the adverse effects of extreme hot weather on workers in different sectors. "Ministry of Labour and Employment has asked all States and UTs to ensure preparedness and effective management of the impact of ensuing heat wave conditions on workers and labourers working [...]
Diversified contract manufacturing company Aequs has secured USD 27.5 million (about Rs 225.50 crore) in funds from Amicus Capital and existing investors, a release said on Tuesday. Aequs said it plans to deploy the capital from the fundraise led by Amicus in ramping up its manufacturing capabilities to cater to both domestic and multinational OEM [...]
