Highlights
Government has received Rs 134 crore from CONCOR as dividend tranche...
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New Delhi: Anup Chandra Pandey appointed as new Election Commissioner..
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New Delhi: LIC Chairman M R Kumar got nine-month extension from Govt..
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New Delhi: India Oil Refiners Shut for Work Before Likely Demand Pickup..
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PFC extended 3 crores support for construction of Dr. KB Hegdewar School..
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New Delhi: NBCC signs MoU with ALIMCO to contribute 100.62 lacs..
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New Delhi: BDL received order of Rs 372.98 crore to supply MRSAM Missile..
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New Delhi: Market-Cap of all good PSUs stood 19.45 Lakh..
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New Delhi:GAIL honored with Golden Peacock Award..
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New Delhi: HSCC's agreement of worth 1,800 crore for upgradation medical projects..
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news
Adani Green Secures USD 400 million from international banks for 750 MW power projects
Adani Green Energy Ltd (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has announced USD 400 million in financing for its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international ban
Posted Date : 03-05-24
RBI imposes monetary penalty on The Satara Sahakari Bank Limited, Mumbai
The Reserve Bank of India (RBI) has, by an order dated April 29, 2024, imposed a monetary penalty of Rs 2.00 lakh (Rupees Two lakh only) on The Satara Sahakari Bank Limited, Mumbai, Maharashtra for non-compliance with certain provisions of section 12(2) read with section 56 of the Banking Regulation
Posted Date : 03-05-24
19% surge in power sector gas consumption in 2023 due to heat waves
According to the Gas Exporting Countries Forum (GECF) annual gas market report of 2024, India has become the world's third-largest energy consumer, with its consumption increasing by 15% YoY to 65 BCM in 2023, largely due to a shift from coal to gas for power generation. GECF has forecasted a 6%
Posted Date : 03-05-24
Dabur Q4 results, Net Profit surges 16.2% to Rs 350 crore
Dabur India has reported a 16.55 percent jump in its consolidated net profit to Rs 341.22 crore for the March 2024 quarter, aided by cost optimization and expansion of the distribution network. Its revenue from operations during January-March 2024 rose 5.11 percent to Rs 2,814.64 crore, agains
Posted Date : 03-05-24
Pratima Singh IRS Appointed as Director in DPIIT
The Department of Personnel & Training (DoPT) has recently appointed Pratima Singh, an officer of the Indian Revenue Service (IRS), as the Director of the Department of Promotion of Industry and Internal Trade (DPIIT).
Singh's appointment as Director in DPIIT is for five years from the da
Posted Date : 03-05-24
Groww and Worldline ePayments approved by RBI as Payment Aggregators
Groww, a financial services platform, and Worldline ePayments, a digital payment processing company, have obtained RBI’s license to operate as online payment aggregators.
Ramesh Narasimhan, Chief Executive Officer – India, Worldline, said, “We’ve been in the Indian market
Posted Date : 03-05-24
Coal India Limited Board recommends final dividend, here to know
Coal India Limited, India's largest coal producer Public Sector Undertaking, has announced that its board of directors has recommended a final dividend of Rs 5 per share for the financial year 2023-24.
The company disclosed in an exchange filing that the recommendation was made during the boa
Posted Date : 03-05-24
Maushumi Chakravarty assumes charge as director general of Akashvani News
Maushumi Chakravarty has taken over as the Director General of Akashvani News from May 1. She is a 1991 batch IIS officer with vast experience in various capacities under the Ministry of Information & Broadcasting, including its media organizations the Press Information Bureau and the Central Bu
Posted Date : 03-05-24
RBI lifts restrictions on Bajaj Finance's eCOM, Insta EMI Card with immediate effect
Bajaj Finance announced in an exchange filing that the Reserve Bank of India (RBI) has lifted its restrictions on the company's eCOM and online digital 'Insta EMI Card' businesses. This means that the company can now resume the sanction and disbursal of loans, including the issuance of E
Posted Date : 03-05-24
Hitesh Sethia appointed as MD and CEO of Jio Financial Services
The Ministry of Corporate Affairs (MCA) has approved the appointment of Hitesh Kumar Sethia as the Managing Director and CEO of Jio Financial Services for three years starting from November 15, 2023. However, this appointment is subject to the condition that the appointee holds a valid Employment Vi
Posted Date : 03-05-24
CIL reports mixed bag of results for Q4 of FY23-24
Coal India, the world's largest coal producer, reported a mixed bag of results for the fourth quarter of FY23-24.
On the positive side, net profit rose 26% to Rs 8,640.5 crore compared to Rs 6,869.5 crore in the corresponding quarter of the previous year. This increase can be attributed to co
Posted Date : 02-05-24
Railtel Q4 Results: posts 3% increase in Net Profit
RailTel Corporation of India, a public sector undertaking under the Ministry of Railways, reported its financial results for the fourth quarter (Q4) of the financial year 2023-24 (FY24) on May 2, 2024.
Posted Date : 02-05-24
NMDC's Promising Start to FY25, Targets 50 Million Tonnes
Hyderabad: National mining company, NMDC produced 3.48 million tonnes and sold 3.53 million tonnes of iron ore in the first month of FY25.
On the back of record 45 MT volumes in FY24, NMDC’s strong performance continued. While production matched upto to the corresponding period last year, t
Posted Date : 02-05-24
NPCI and Bank of Namibia collaborated to link UPI system
The National Payments Corporation of India (NPCI) has collaborated with the Bank of Namibia (BoN) to assist in creating an instant payment system similar to the Unified Payment Interface (UPI) for the South African nation. This collaboration is being carried out with the help of NPCI International P
Posted Date : 02-05-24
GST revenue collection crosses Rs 2.10 lakh crore in April
The Gross Goods and Services Tax (GST) collections hit a record high in April 2024 at Rs 2.10 lakh crore. This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions (up 13.4%) and imports (up 8.3%). After accounting for refunds, the net GST rev
Posted Date : 02-05-24
APSEZ FY24 quarter results, net profit jumps 50%
In FY24, APSEZ handled 27% of the country’s total cargo and 44% of container cargo, while the APSEZ domestic cargo volumes grew by 21% Y-o-Y vs 7.5% growth in India’s cargo volumes in FY24.
Revenue growth of 28% Y-o-Y to Rs 26,711 Cr in FY24, supported by a 30% jump in ports busi
Posted Date : 02-05-24
Federal Bank Wraps Up FY 24 With 24% Rise in Profit
Federal Bank announced the Financial Results for the quarter and year ended 31st March 2024. Total Business of the Bank reached Rs. 461937.36 Cr registering a growth of 19.11% as of 31st March 2024.
Net Profit of the bank is at Rs.906.30 Cr. While the Bank has recorded the Highest Ever NII,
Posted Date : 02-05-24
MMTC Ltd appoints Siddharth Mahajan as Government Nominee Director
According to the sources, the company has informed that Shri Siddarth Mahajan, Joint Secretary, Department of Commerce has been appointed as Government Nominee Director on the Board Of MMTC Limited on 1st May 2024. He has been appointed by the Department of Commerce.
Posted Date : 02-05-24
RBI cancels Certificate of Registration of Acemoney (India) Limited due to irregular lending practices
The Reserve Bank of India in a recent circular as per the exercise of the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration (CoR) issued to the Acemoney [India] Non-Banking Financial Company (NBFC).
As such, the above co
Posted Date : 02-05-24
Government cuts windfall tax on crude petroleum
The government has reduced the windfall tax on domestically produced crude oil from ?9,600 per tonne to ?8,400 per tonne, effective from May 1.
Meanwhile, the SAED on diesel, petrol, and jet fuel or ATF exports will remain at a zero rate. This information was released in an official notification.
Posted Date : 02-05-24
