Reserve Bank Governor Shaktikanta Das on Wednesday said the frequent food price spikes pose a risk to anchoring inflation expectations and called for timely supply-side measures to limit such shocks. Delivering the Lalit Doshi Memorial Lecture here, Das said vegetable price shocks are short-term in nature and the monetary policy can wait for the "dissipation" [...]
Shares of this stock under the ‘micro-cap’ category rose up to 14.5 percent on Thursday after doubling its capacity in its existing business unit. With a market capitalization of Rs 56.84 crores, the stocks of Auro Laboratories Limited started their trading session at Rs 84.79 and currently trade at Rs 91.20. Inching near its 52-week [...]
Reserve Bank Governor Shaktikanta Das on Wednesday termed the success of the Chandrayaan-3 mission as a historic moment that will give a huge boost to the country's space technology manufacturing sector. "A little while ago, we all witnessed history being made when the chief of ISRO proudly announced that India is now on the moon," [...]
An individual on Wednesday settled a case with markets regulator Sebi in relation to the alleged violation of insider trading norms in the matter of Himadri Speciality Chemical Ltd after paying Rs 26 lakh as settlement charges. The settlement order came after the applicant, Debashis Ghosh, proposed to settle the instant proceedings initiated against him [...]
The Competition Commission of India has levied fines totalling Rs 55 lakh on Abu Dhabi Investment Authority (ADIA) and TPG Group for making false declarations before the regulator while availing the green channel facility in a deal related to the acquisition of a stake in UPL Sustainable Agri Solutions Ltd (UPL SAS). The acquirers, ADIA [...]
The deadline for implementing an Aadhaar-based payment system as the only mode of payment to workers under National Rural Job Guarantee Scheme MGNREGS will not be extended beyond August 31, government sources said. The Union government in January this year made the use of an Aadhaar-based payment system (ABPS) mandatory for paying wages to those [...]
India, as current holder of the G20 Presidency, is "well positioned" to help advance a global discussion on AI issues, Microsoft Vice Chair & President Brad Smith has said advocating broader legal and regulatory frameworks for AI, and safety brakes in AI systems controlling critical infrastructure. Smith, who is on a visit to India and [...]
UK Business and Trade Secretary Kemi Badenoch launched a new “Alive with Opportunity” campaign on Thursday to help double trade with India by 2030, with a series of targeted trade missions for UK firms in high-growth sectors. The Cabinet minister, who arrived in India on a three-day visit to attend the G20 Trade and Investment [...]
Pune-based heavy engineering firm Walchandnagar Industries Ltd (WIL) has a double reason to cheer after Chandrayaan-3 successfully landed on the lunar surface as some of the critical booster segments used in its launch vehicle have been manufactured and tested at the facility, the firm said. The firm in a release issued on Wednesday said it [...]
HDFC Bank Director Keki Mistry on Wednesday asserted that the demand for housing will continue in India and it has the power to unlock the potential of the economy. Speaking at the foundation day celebration of Bandhan Bank, Mistry said the housing sector also generates huge employment and has a better credit risk profile than [...]
Bandhan Bank on Wednesday announced it will enter the co-lending business, for which it will tie up with a couple of NBFCs. Announcing this at the bank's foundation day programme, its MD and CEO Chandra Shekhar Ghosh said the co-lending business will cover all verticals in which loans are given. "We have selected a couple [...]
Kotak is known for introducing smart and innovative financial solutions to maximize customers' savings. This time, they have introduced a sweep-in sweep-out facility in the form of Kotak811 ActivMoney. It involves the automatic sweeping out of funds above a certain threshold from one's savings account to an FD account for 180 days. If the savings [...]
Dalberg Advisors, a leading social and environmental impact advisory group, has appointed Swetha Totapally as Regional Director for Asia-Pacific (APAC) as it deepens its presence in India and expands to other markets. She will be responsible for leading the region's efforts to deliver on the firm's commitment to build a more inclusive and sustainable world. [...]
TVS Motor Company has unveiled its premium electric crossover two-wheeler TVS X targeting the millennials and Gen Z population in India and abroad. Launched at an introductory price of Rs 2.50 lakh, the electric two-wheeler comes with a high-performance battery pack that delivers 4.44kWh of installed capacity of energy, acceleration of 0-40 kilometre per hour [...]
Share prices of this Agro-processed business gained 7.5% after the company decided to increase production of one of its major products. Gujarat Ambuja Export Limited shares prices opened at Rs. 246.35 on Thursday’s session. It rallied in the early hours to reach an intra- day high of Rs. 264.30. The stock has given a return [...]
Having Foreign Institutions involved in the shareholding patterns builds the confidence of the retail segment in the markets. Listed below are three stocks with huge stakes owned by Foreign Institutional Investors (FIIs) and currently trading at a discount of up to 32 percent from their 52-week high levels: IRB Infrastructure Developers Limited With a market [...]
Prime Minister Narendra Modi on Thursday said India is seen as a combination of openness, opportunities and options as the world sees optimism and confidence in the Indian economy. In a video message at the G20 Trade and Investment Minister's meeting here, the prime minister said that during the last nine years, India has become [...]
Equity benchmark indices rallied in early trade on Thursday, extending their winning run for the fourth day running, amid positive global market trends and fresh foreign fund inflows. The BSE Sensex climbed 333.95 points to 65,767.25 in early trade. The NSE Nifty gained 101.65 points to 19,545.65. From the Sensex pack, Tech Mahindra, Larsen & [...]
Lithium-ion battery recycling firm RecycleKaro on Thursday said it plans to invest Rs 100 crore for setting up a nickel plant in Maharashtra with a capacity to produce 1,200 tonnes of the metal annually. Spread across 17 acres of land, the upcoming facility at Palghar district of the state will incorporate a plant capable of [...]
IT company Coforge has launched a Gen AI platform designed to build enterprise AI capabilities, a release said on Thursday. Coforge Quasar comes pre-loaded with a set of 100 plus APIs, readily available for integration. "Featuring a modular and scalable architecture, Quasar boasts an array of 100 plus pre-built cognitive and generative use cases, facilitating [...]
