Mumbai (Maharashtra) | May 31, 2024 6:01:03 PM IST
The stock market concluded the trading week on a positive trajectory, breaking a five-day losing streak with both benchmark indices registering marginal gains with all Adani group stocks scaling unprecedented heights. ... read..
Mumbai (Maharashtra) | May 31, 2024 4:02:21 PM IST
ICRA has upgraded the long-term rating of Adani Total Gas Limited (ATGL), formerly known as Adani Gas Limited, to [ICRA]AA(Stable) while reaffirming the short-term rating. ... read..
Over the past decade, the market share of the top five cement companies has steadily risen, reaching 54 per cent as of December 2023 from 45 per cent in March 2015. ... read..
Adani Group, whose market capitalisation was badly hit by a US-based short seller report in early 2023, has recovered from the losses and the Indian conglomerate is back on an "expansion spree". ... read..
In an about-turn from the economic liberalisation days of 1991 when India shipped out gold and pledged it overseas to avert a looming financial crisis, the country has now shipped in a little over 100 tonnes of its gold reserves held in the UK. ... read..
Amitabh Kant, the former CEO of NITI Aayog and India's G20 Sherpa, highlighted the strides made by India in infrastructure development over the past nine years in a recent post on X (formerly Twitter). ... read..
The bad loans crisis during the Congress-led UPA tenure stifled the credit requirements and dreams of crores of aspirational Indians who wanted to establish start-ups and expand small businesses, alleged Finance Minister and senior BJP leader Nirmala Sith ... read..
Funding winter in India seems to be waning as the country witnessed an improvement in venture capital funding deals, both in volume and value, in 2024. ... read..
India's power sector is poised for robust growth in the fiscal year 2025, with expectations of a healthy demand surge at approximately 6.0 per cent, albeit moderating from the previous fiscal year. ... read..
Indian stock indices opened on a firm note Friday, following five straight sessions of losses, primarily due to fresh accumulation of stocks by investors following the latest dip. ... read..
After RBI paid an unexpectedly high dividend to the central government the last financial year, it is now expected that higher dividend payments could continue in the current year too. ... read..
Hiroshi Suzuki, Ambassador of Japan to India and Bhutan, indicated that Japan is looking forward to working with Adani Group after meeting Gautam Adani, chairman of Adani Group on May 29. ... read..
Telecom service providers (TSPs) across India are grappling with an alarming increase in theft of critical active equipment, with incidents reaching unprecedented levels since October 2023. ... read..
The Reserve Bank of India (RBI) has finalized the 'Framework for Recognizing Self-Regulatory Organization(s) for the FinTech Sector' (SRO-FT framework), in a move aimed at bolstering self-regulation within the rapidly evolving FinTech sector. ... read..
The Reserve Bank of India (RBI) in its annual report released on Thursday has noted a 46.7 per cent decline in the amount (value) of frauds reported in 2023-24 compared to the previous year. ... read..
As the southwest monsoon made an early debut in Kerala and the northeast, the anticipation and anxiety surrounding this year's rainfall season are palpable. Timely and well-distributed rains are crucial for reviving agricultural incomes and controlling fo ... read..
Mumbai (Maharashtra) | May 30, 2024 9:03:09 PM IST
Jio Financial Services Ltd has announced the launch of its "JioFinance" app in beta mode. The platform aims to revolutionize daily finances and digital banking with a comprehensive, user-friendly interface. ... read..
Mumbai (Maharashtra) | May 30, 2024 9:02:37 PM IST
The Reserve Bank of India (RBI) has projected the real GDP growth for 2024-25 at 7.0 per cent. "Real GDP growth for 2024-25 is projected at 7.0 per cent with risks evenly balanced," the RBI said in its annual report released on Thursday. ... read..
The IDFC First Bank has approved a fundraising plan through a preferential issue of equity shares, the company informed the exchange in a filing on Thursday. ... read..
Mumbai (Maharashtra) | May 30, 2024 9:02:09 PM IST
Reliance Industries Limited (RIL) has been named one of TIME's 100 World's Most Influential Companies of 2024. This marks the second time the conglomerate has received this honour, previously being recognized in the inaugural list in 2021 for its subsidia ... read..
The Insolvency and Bankruptcy Code (IBC), introduced by the PM Modi-led government, is a landmark reform that introduced a legal unified framework for resolving issues of financially-stressed companies, said Finance Minister Nirmala Sitharaman. ... read..
Private lender Federal Bank has tied up with Tata AIA Life Insurance Co to provide its customers access to the insurance companies' products. ... read..
India and Southeast Asia are emerging as top manufacturing hubs beyond China, driven by supply chain diversification, says a report by JLL, a commercial real estate and investment management company. ... read..
Prime Minister Narendra Modi's assurance to Bharti Airtel Chairman Sunil Bharti Mittal about the government's neutrality in the telecom sector, in a September 2018 meeting, proved to be a significant turning point for the revival of the Indian telecom maj ... read..
The outlook for the Indian economy remains bright, backed by a sustained strengthening of various macroeconomic fundamentals, robust financial and corporate sectors, said Reserve Bank of India in its annual report published on Thursday. ... read..
India Ratings and Research (Ind-Ra) has upgraded Adani Green Energy Limited's (AGEL) Long-Term Issuer Rating from 'IND A+' to 'IND AA-'. The outlook is stable, reflecting the company's robust operational performance, improved leverage metrics, and strateg ... read..
The Board of Hero FinCorp, a non-banking financial company and an associate of Hero MotoCorp, has approved an Initial Public Offering (IPO) for a fresh issue and offer for sale, the company informed the exchange in a filing. ... read..
Mumbai (Maharashtra) | May 30, 2024 3:01:17 PM IST
India Ratings and Research (Ind-Ra) says that the Reserve Bank of India's (RBI) substantial dividend transfer of Rs 2.11 trillion to the central government is expected to mitigate the ongoing pressure on deposit accretion in the banking system and overall ... read..
