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Samunnati to increase workforce by 20% this year

Mumbai, Apr 1 (PTI) Agriculture value chain enabler Samunnati on Friday said it plans to increase its workforce by 20 per cent this year. Currently, the company has a headcount of 611. According to a statement, the company intends to bolster its workforce further by adding 20 per cent more talent in 2022, with close [...]

Acquisition of Citi India’s consumer business to boost Axis Bank’s retail franchise: S&P

New Delhi, Apr 1 (PTI) Axis Bank's planned acquisition of Citigroup's consumer banking portfolio will strengthen its retail market position as well as diversify the revenue profile, global rating agency S&P said on Friday. "We expect significant profitability improvements to only accrue from fiscal 2025 onwards as it will take time to complete the acquisition [...]

Direct selling firms bet big on Eastern India

Kolkata, Apr 1 (PTI) Direct selling companies are betting big on the eastern part of the country to expand their businesses as West Bengal, Bihar and Odisha are among the top five states in terms of the performance of the sector that witnessed over 7 per cent growth in the country in the COVID-hit 2020-21 [...]

MP: regulatory panel clears 2.64 per cent hike in power tariff

Bhopal, Apr 1 (PTI) The Madhya Pradesh Electricity Regulatory Commission (MPERC) has cleared a hike of 2.64 per cent in power tariff for the current financial year.The increase comes amid rising prices of fuels such as petrol, diesel and LPG.MPERC secretary Gajendra Tiwari told PTI on Friday that once the commission clears a hike in [...]

SBI economists suggest reforms to incentivise regional rural banks

Mumbai, Apr 1 (PTI) House economists at the State Bank of India (SBI) have called for a slew of reforms to incentivise regional rural banks, including granting them on-tap licence for conversion into Small Finance Banks (SFBs). In September 2018, the Reserve Bank of India (RBI) allowed urban cooperatives and microfinance lenders to convert themselves [...]

BULLION CLOSING RATE

BULLION CLOSING RATE MUMBAI, APRIL 1 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 67173.00 66889.00 STANDARD GOLD (99.5) : 51615.00 51431.00 PURE GOLD (99.9) : 51822.00 51638.00 -------------------- PTI MUM SSBSSB SSB

Hero Motocorp shares decline over 2 pc

New Delhi, Apr 1 (PTI) Shares of Hero Motocorp on Friday declined over 2 per cent amid fresh concerns related to the I-T department detecting multiple irregularities after raids on the company. Hero Motocorp shares tanked 6.32 per cent to Rs 2,151.60 apiece during the day on the BSE. Later, it managed to recover some [...]

Grow Your Savings with High FD Rates on Bajaj Finance Fixed Deposit

Pune, Maharashtra, India (NewsVoir) Investing a sizeable corpus of money in an excellent financial tool like a fixed deposit over a longer tenor can yield a generous amount at maturity. It can help you grow your idle savings and even beat inflation. Since the payout isn't affected by market movements, you can calculate your expected [...]

HDFC Bank Adjudged Best Performing Bank in SHG Linkage by NRLM, Ministry of Rural Development, Govt of India

Mumbai, Maharashtra, India – Business Wire India HDFC Bank has been adjudged Best Performing Bank in SHG Linkage by National Rural Livelihood Mission (NRLM), Ministry of Rural Development, Govt of India. At a function organised at Vigyan Bhavan, New Delhi, the award was presented by Shri Giriraj Singh, Hon’ Minister of Rural Development to Mr. [...]

JSPL plans largest & greenest steel plant in Odisha

Bhubaneswar, Apr 1 (PTI) After bagging Utkal B1 and B2 coal block in the Angul-Talcher belt in the state, Jindal Steel & Power Limited (JSPL) on Friday said it would develop its Odisha plant into the largest and greenest facility in the world. This was stated by the company’s chairman Naveen Jindal. He said JSPL [...]

Aegon Life teams up with Ahalia Finforex to provide life insurance

Kochi, Apr 1 (PTI) Aegon Life, a leading digital life insurance company, has partnered with Ahalia Finforex, a Kerala-based diversified financial services firm, to provide life insurance access to the unorganised and unserved segments of the society residing in Kerala. The exclusive partnership between Aegon Life and Ahalia Finforex provides insurance coverage to over five [...]

Coal India’s production rises 4.4 pc in FY’22

Kolkata, Apr 1 (PTI) Coal India on Friday said it registered production of 622.6 million tonne in 2021-22, a 4.4 per cent jump over that in FY21, bucking two years of declining streak.The mining major informed the bourses that its total off-take in 2021-22 was nearly 661.9 million tonne, a sharp 15.3 per cent jump [...]
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