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Honda Elevate | Photo Credit: S. Muralidhar Honda Cars India plans to introduce five sports utility vehicle in the country by 2030 as it looks to have a strong presence in the robustly growing segment, according to a top company executive. The company, a wholly-owned subsidiary of Japanese auto major Honda Motor Company, on Monday…
Representational image | Photo Credit: Reuters Jio Infocomm, the telecom wing of Reliance Industries, is in talks to raise up to $2 billion in offshore loans, with BNP Paribas acting as lead arranger, to fund the purchase of 5G network gear from Ericsson, the Economic Times reported on Monday. BNP Paribas will provide $1.9 billion-$2…
Read More “Reliance Jio seeks up to $2 billion loan to fund 5G plan: report” »
SBI was among the first few banks to participate in the RBI’s retail digital e-rupee project (File) New Delhi: The State Bank of India (SBI) on Monday said it has implemented UPI interoperability in its digital rupee, called Central Bank Digital Currency (CBDC). With this move, the bank aims to deliver unprecedented convenience and accessibility…
Representational image | Photo Credit: PTI The rupee depreciated 15 paise to 82.77 against the U.S. dollar in early trade on Monday as firm crude oil prices weighed on investor sentiments. At the interbank foreign exchange, the domestic unit opened at 82.71, then touched 82.77, registering a decline of 15 paise over its last close….
Read More “Rupee falls 15 paise to 82.77 against US dollar” »
Representational image | Photo Credit: PTI Equity benchmark indices climbed in early trade on Monday in line with firm trend in global markets and encouraging domestic macroeconomic data. Fresh foreign fund inflows also added to the optimistic trend in the domestic equity market. Extending its previous day’s rally, the BSE benchmark Sensex climbed 243.69 points…
The credit outstanding in housing (including priority sector housing) rose 37.4% annually in July crossing Rs 24.28 lakh crore, according to the RBI. File | Photo Credit: K.V.S. GIRI Bank credit to housing as well as commercial real estate witnessed a nearly 38 per cent annual growth in July, taking the loan outstanding to the…
Read More “Bank credit outstanding to real estate rose to Rs. 28 lakh crore in July: RBI” »
During his visit to India in July this year, President Ranil Wickremesinghe held talks with Adani Group Chairman Gautam Adani, firming up and reviewing the Group’s projects across Sri Lanka’s energy and port sectors. File | Photo Credit: PTI In a cabinet memorandum last month, Sri Lanka’s Energy Minister has sought to convert the agreement…
Read More “Colombo mulls converting Adani power project to a G2G deal: Sri Lankan media ” »
Over centralising manufacturing in China wreaked havoc on global trade and supply chains, and nations have learnt from this, says Arun Kumar, the former Assistant Secretary of Commerce for Global Markets and Director General of U.S. and Foreign Commercial Service in United States President Barack Obama’s Administration. Speaking to The Hindu about his new book…
File photo of Uday Kotak | Photo Credit: Reuters Uday Kotak has resigned as the managing director and chief executive of Kotak Mahindra Bank , the bank said in a stock exchange filing on September 2. Dipak Gupta, currently the joint managing director, will carry out the chief executive duties until Dec. 31, the bank…
Read More “Uday Kotak resigns as CEO of Kotak Mahindra Bank” »
Representational image of crude oil barrels ready to be transported. | Photo Credit: AP The government has cut the windfall profit tax on crude oil produced in the country while the levy on exports of diesel and aviation turbine fuel (ATF) has been hiked, an official notification said. The tax, levied in the form of…
Read More “Windfall profit tax on crude oil cut; levy on diesel, ATF exports hiked” »
