Bandhan Bank on Monday said it has hiked interest rates on fixed deposits by 25-50 basis points based on the maturity period. The revised FD rates are applicable for retail deposits of up to Rs 2 crore, and are effective from February 6, the Kolkata-based lender said in a release. This is the bank's second [...]
Indian Energy Exchange on Monday said that it has clocked a total trade volume of 8,639 million units (MU) in January 2023, highest in the current financial year so far. However, the data showed that the trade volume in January this year was lower than 8,652 MU recorded in the same month last year. The [...]
On-demand convenience delivery platform Swiggy on Monday announced appointments of three independent directors, including TAFE Chairman and MD Mallika Srinivasan, on its board. The other two independent directors are Shailesh Haribhakti and Associates Chairman Shailesh Haribhakti and Delhivery Managing Director and CEO Sahil Barua, the company said in a statement. These are the first independent [...]
Adani Group on Monday said that the promoters will pre-pay USD 1,114 million for the release of pledged shares of its firms ahead of the maturity in September 2024. These shares belong to Adani Ports & Special Economic Zones, Adani Green Energy and Adani Transmission, a statement said. "This is in continuation of promoters' assurance [...]
In a push to decarbonise the economy, Indian Oil Corporation (IOC), the nation's largest oil firm, will recycle 100 million discarded mineral water, cold drink and other PET bottles annually to make eco-friendly uniforms for staff that man its petrol pumps and LPG distributor agencies. The firm also rolled out indoor cooking stoves that can [...]
Vodafone Idea has partnered with Motorola to ensure seamless 5G connectivity across its fifth-generation smartphone portfolio, according to a statement on Monday. The announcement comes within days of Vodafone Idea getting a shot in the arm, with Centre on Friday clearing conversion of the troubled telco's accumulated interest dues worth Rs 16,000 crore into equity. [...]
Shares of One97 Communications climbed over 6 per cent in late morning trade on Monday after the company narrowed its consolidated net loss to Rs 392 crore in the third quarter. One97 Communications (OCL) is the parent entity of leading mobile payments and financial services company Paytm. The stock of One97 Communications rallied 6.44 per [...]
Tata Power aims to operationalise its solar cell and module facility being set up in Tamil Nadu by December-end of this year, the company's CEO & MD Praveer Sinha said. In July 2022, Tata Power inked a pact with the Tamil Nadu government to invest Rs 3,000 crore for setting up a new facility to [...]
Max Healthcare Institute on Friday said it will invest around Rs 400 crore to expand its Mohali-based hospital. The construction of the new building that will house 170 beds officially commenced today, the healthcare provider said in a statement. On completion of the project by the end of the third quarter of 2024, the hospital [...]
Jammu and Kashmir Bank, which has an exposure of nearly Rs 250 crore in the Adani Group, on Friday said the bank investors have nothing to worry as its loans to the embattled business group are secured. "Our loans to Adani Group are secured against the assets of the projects that were financed by JK [...]
