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Category: Business

Business

Nearly 98% ₹2000 banknotes returned; ₹6,970 crore worth notes still with public

Posted on November 4, 2024 By admin
Nearly 98% ₹2000 banknotes returned; ₹6,970 crore worth notes still with public

File image used for representative purpose only | Photo Credit: R. Ragu The Reserve Bank of India (RBI) on Monday (November 4, 2024) said 98.04% of the ₹2000 banknotes have been returned to the banking system, and only ₹6,970 crore worth such notes are still with the public. On May 19, 2023, the RBI announced…

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Business

India becoming part of global drug development operation of BMS: Samit Hirawat 

Posted on November 4, 2024 By admin
India becoming part of global drug development operation of BMS: Samit Hirawat 

As the executive vice president, chief medical officer and head of development at Bristol Myers Squibb, Samit Hirawat oversees early-stage and late-stage product development across therapeutic areas for the biopharmaceutical major. In an exclusive chat with The Hindu, on a recent visit to Hyderabad, he discussed India’s growing significance as a site for clinical trials,…

Read More “India becoming part of global drug development operation of BMS: Samit Hirawat ” »

Business

Sensex tanks 942 points; Nifty plunges below 24K on heavy selling in Reliance, banking shares

Posted on November 4, 2024 By admin
Sensex tanks 942 points; Nifty plunges below 24K on heavy selling in Reliance, banking shares

Image for representative purposes only | Photo Credit: Reuters Benchmark Sensex tanked nearly 942 points to settle at a three-month low while Nifty tumbled more than 1% to close below 24,000 on Monday (November 4, 2024) dragged down by heavy selling in Reliance Industries and banking shares. The 30-share BSE Sensex tumbled 941.88 points or…

Read More “Sensex tanks 942 points; Nifty plunges below 24K on heavy selling in Reliance, banking shares” »

Business

Maruti opens bookings for fourth generation Dzire

Posted on November 4, 2024 By admin
Maruti opens bookings for fourth generation Dzire

The bookings can be made at any ARENA showroom or by logging on to www.marutisuzuki.com/dzire with an initial payment of ₹11,000. Maruti Suzuki India Limited (MSIL), has commenced bookings for the 4th generation Dzire at any ARENA showroom or by logging on to www.marutisuzuki.com/dzire with an initial payment of ₹11 000. Partho Banerjee, Senior Executive Officer, Marketing &…

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Business

NTPC, ONGC green arms form 50:50 JV for renewable energy play

Posted on November 4, 2024 By admin
NTPC, ONGC green arms form 50:50 JV for renewable energy play

Representational image only. | Photo Credit: The Hindu Public Sector Undertakings (PSU) NTPC Limited and ONGC Limited have announced the formation of a 50:50 Joint Venture Company (JVC) through their green energy subsidiaries NTPC Green Energy Limited and ONGC Green Energy Limited respectively to further promote their interest around renewable and new energy.  NTPC shares…

Read More “NTPC, ONGC green arms form 50:50 JV for renewable energy play” »

Business

Government invites applications for RBI Deputy Governor

Posted on November 4, 2024 By admin
Government invites applications for RBI Deputy Governor

A Reserve Bank of India (RBI) logo | Photo Credit: Reuters The Finance Ministry has invited applications for the post of RBI Deputy Governor in the place of Michael Debabrata Patra, whose extended term is coming to an end on January 14, 2025. This position of RBI Deputy Governor is for economists. The selected candidate…

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Business

Government invites applications for RBI Deputy Governor

Posted on November 4, 2024 By admin
Government invites applications for RBI Deputy Governor

A Reserve Bank of India (RBI) logo | Photo Credit: Reuters The Finance Ministry has invited applications for the post of RBI Deputy Governor in the place of Michael Debabrata Patra, whose extended term is coming to an end on January 14, 2025. This position of RBI Deputy Governor is for economists. The selected candidate…

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Business

India’s manufacturing growth accelerates in October: PMI

Posted on November 4, 2024 By admin
India’s manufacturing growth accelerates in October: PMI

Photo for representational purpose. | Photo Credit: B. Jothi Ramalingam Manufacturing activity in India’s private sector recovered in October, breaking a three-month streak of deceleration after hitting an eight-month low in September, as per the survey-based HSBC India Manufacturing Purchasing Managers’ Index (PMI) which inched up to 57.5 from 56.5 in the previous month. A…

Read More “India’s manufacturing growth accelerates in October: PMI” »

Business

Stock Market News: Sensex, Nifty plunge in early trade dragged by Reliance Industries

Posted on November 4, 2024 By admin
Stock Market News: Sensex, Nifty plunge in early trade dragged by Reliance Industries

Image used for representative purpose only. | Photo Credit: PTI Benchmark equity indices Sensex and Nifty tumbled in early trade on Monday (November 4, 2024) dragged down by Reliance Industries and cautious investors’ sentiment ahead of the U.S. presidential elections and Federal Reserve interest rate decision. Relentless selling by foreign investors also dampened the sentiments…

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Business

Government infuses ₹1,650 crore in Rashtriya Ispat Nigam Limited

Posted on November 3, 2024 By admin
Government infuses ₹1,650 crore in Rashtriya Ispat Nigam Limited

Representational image only. | Photo Credit: The Hindu “The government has infused around ₹1,650 crore in State-owned Rashtriya Ispat Nigam Limited (RINL), gripped with operational and financial issues,” according to an official document. “The government is also taking various measures to keep RINL as a going concern,” the Ministry of Steel said in a note….

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