New Delhi, Mar 12 (PTI) The RBI has lifted all restrictions on HDFC Bank, permitting it to launch new digital initiatives, the private sector lender said on Saturday. "We would like to inform one and all that the Reserve Bank of India (RBI) has lifted the restriction on the business generating activities planned under the [...]
New Delhi, Mar 12 (PTI) Union Minister Hardeep Singh Puri on Saturday launched the ‘India WaterPitch-Pilot-Scale Start-up Challenge’, under which the government will select 100 start-ups and they will be provided with Rs 20 lakh each as funding support as well as mentorship, a statement said. According to the Ministry of Housing and Urban Affairs, [...]
Mumbai, Mar 12 (PTI) Adobe Chairman and CEO Shantanu Narayen on Saturday said the software major's aspirations for India are not just related to products but to run global businesses from the country. He also said the company's employees in India are responsible for major part of every aspect of Adobe's business. "Our aspirations for [...]
Andhra Pradesh, India (NewsVoir) SRM University-AP, the choice destination of next-generation, has taken a unique initiative, one-of-its-kind in higher education, to launch a National Talent Hunt Hackathon in collaboration with Dare2Compete. The competition aims to reach out to talented GenZ with a flair for coding. It is scheduled to be held online with two stages [...]
New Delhi, Mar 12 (PTI) Interest rate on employees' provident fund deposits on Saturday was proposed to be cut to a four-decade low of 8.1 per cent for the current 2021-22 fiscal from 8.5 per cent in the previous year, sources said. This is the lowest interest rate since 1977-78 on deposits that employees make [...]
New Delhi, Mar 12 (PTI) Gifting platform Ferns N Petals on Saturday said Lighthouse India Fund III has invested Rs 200 crore (USD 27 million) in it. The company plans to use the funds to invest in improving its systems and technology to enhance customer experience for all gifting occasions, Ferns N Petals (FnP) said [...]
New Delhi, Mar 12 (PTI) India needs USD 20 billion (about RS 1.53 lakh crore) worth of investments each year to achieve its climate targets and fund its green transition, according to a report. The white paper by Ficci and Trilegal highlights that the country needs a large budget allocation, international finance from bilateral and [...]
New Delhi, Mar 12 (PTI) Sachin Bansal-led Navi Technologies has filed preliminary papers with Sebi to raise Rs 3,350 crore through an initial public offering (IPO). The proposed IPO is completely through a fresh issue of equity shares and there will be no offer-for-sale (OFS), according to the draft red herring prospectus [...]
Colombo, Mar 12 (PTI) India and Sri Lanka have signed an agreement for developing a 100 megawatt solar power plant in the island nation's eastern port district of Trincomalee, as part of the efforts to strengthen bilateral economic partnership, including through cooperation in the renewable energy sector. The signing ceremony took place on Friday at [...]
New Delhi, Mar 12 (PTI) The textile ministry has received applications from as many as 67 companies to avail benefits of the production linked incentive (PLI) scheme for man-made fibres and technical textile sectors, a top government official said on Saturday. The PLI scheme for textiles covers 40 man-made fibre (MMF) garment items, 14 MMF [...]
Pune, Maharashtra, India (NewsVoir) With global events sparking uncertainty and infusing a fresh dose of volatility into the market, investors may be eager to trade risk for fixed returns. Bajaj Finance Fixed Deposit, for instance, removes the “fear factor” as its returns are not linked to the market’s performance. It offers an FD rate of [...]
New Delhi, Mar 12 (PTI) Homebuyers' apex body FPCE expects the implementation of realty law RERA to improve following the Supreme Court's recent direction to the Centre to examine the rules framed by states and see whether those subserve the consumers' interest. Last month, the Supreme Court directed the Centre to examine whether the rules [...]
New Delhi, Mar 12 (PTI) Retirement fund body EPFO on Saturday decided to lower the interest on provident fund deposits for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent provided in 2020-21, sources said. This is the lowest since 1977-78, when the EPF [...]
Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurved, will hit the capital market with its follow-on public offer (FPO) on March 24 to raise up to Rs 4,300 crore. In a regulatory filing late on Friday, Ruchi Soya said a committee of the board has approved and adopted the red [...]
The brand was also ranked No.1 in the skin care category in the 2020 report published Mumbai, Maharashtra, India (NewsVoir) Trusted, loved and always caring, NIVEA India has been recognized as India’s No. 1 Trusted Brand 2022 in the category of Skin Care by the prestigious brand intelligence firm TRA research. This is the second [...]
India – Business Wire India Over two days—March 11 and March 12, 2022— prominent national and international figures, global CEOs, opinion makers and government leaders share their insights on the theme ‘The Great Resurgence: Now, Next & Beyond’ that encompasses a post-pandemic and rapidly evolving geo-political calculus, the disruption in economies and the path to [...]
The shares of Olectra Greentech, an Indian EV major, traded at Rs. 226 a year ago has risen to provide 194.6% returns and currently trades at Rs. 663.95. The stock has turned out to be a gold mine for long term investors providing 851.1% returns over the last 5 years and increasing a whopping 23 [...]
Bhubaneswar, Mar 12 (PTI) The Odisha government and the National Bank for Agriculture and Rural Development (Nabard) have inked a pact for the creation of fisheries infrastructure to augment fish production in the state.The memorandum of agreement was signed between Principal Secretary, Finance, Vishal Dev and Nabard chief general manager C Udayabhaskar on Friday, according [...]
India's real estate sector is witnessing a healthy increase in demand and the overall market outlook is bright for the real estate industry. Brokerage firm Angel One has given targets for these real estate stocks. Sobha Ltd- Target ₹ 1050 Sobha Limited is an Indian multinational real estate developer that offers residential as well as [...]
