Tag: Business

CBI Charges Visa Power For Bank Fraud Of Rs 1,964 Crore: Report

August 24, 2023 admin

CBI has registered an FIR against Visa Power and its then chairman Vishambhar Saran. New Delhi: The CBI has registered an FIR against Visa Power and its then chairman Vishambhar Saran in connection with an alleged bank fraud of Rs 1,964 crore, officials told Press Trust of India on Thursday. The action of the agency…

Business

Qatar Investment Authority To Invest Rs 8,278 Crore In Reliance Retail

August 23, 2023 admin

Qatar Investment Authority will invest Rs 8,278 crore in Reliance Retail. New Delhi: Reliance Industries on Wednesday announced that Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest Rs 8,278 crore into its retail arm Reliance Retail Ventures Limited (RRVL). “This investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore,”…

Business

India’s ONGC Videsh Secures 3-Year Extension To Explore South China Sea

August 19, 2023 admin

ONGC Videsh is the overseas investment arm of India’s top oil explorer Oil and Natural Gas Corp. Mumbai: Indian energy company ONGC Videsh has secured a three-year extension from Vietnam to explore ‘Block 128’ in the South China Sea, it said in a post on social messaging platform X, formerly known as Twitter. Conflicting territorial…

Business

Adani Group Market Cap Jumps To 3-Month High, Adds Rs 45,200 Crore On Friday

August 19, 2023 admin

Overall market capitalisation of 10 Adani Group companies shot up to Rs 10.96 lakh crore on Friday Mumbai: Billionaire Gautam Adani’s ports to power conglomerate added over Rs 45,200 crore in market capitalisation in a single day on Friday as shares of all 10 listed group firms surged after global investors showed renewed interest in…

Business

India’s Growth To Outpace All Other G20 Economies For Next 2 Years: Moody’s

August 18, 2023 admin

All three global rating agencies have the lowest investment grade rating on India. (File) New Delhi: Moody’s Investors Service on Friday affirmed India’s rating at the lowest investment grade of ‘Baa3’, with a stable outlook, saying high growth will support a gradual increase in income levels, but flagged risks of populist policies due to rise…

Business

For Personal Loans, RBI Issues New Norms With 2 Key Changes. See Details

August 18, 2023 admin

Banks and NBFCs have been asked to ensure compliance of the RBI’s personal loan instructions Mumbai: The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments. The two decisions are expected to…

Business

Tata Communications Challenges Centre’s Rs 991 Crore Licence Fee Demand

August 18, 2023 admin

Tata Communications challenged DoT’s Rs 991.5 crore licence fee demand New Delhi: Tata Communications has challenged Telecom Department’s Rs 991.5 crore licence fee demand pertaining to past years, in TDSAT, which has directed the DoT not to take any coercive action till the next hearing, the company said in a filing on Friday. The Department…

Business

Rupee Falls 1 Paisa To Close At All-Time Low Of 83.10 Against US Dollar

August 18, 2023 admin

Rupee edged lower by 1 paisa to settle at an all-time low of 83.10 (provisional) against the US dollar Mumbai: The Rupee edged lower by 1 paisa to settle at an all-time low of 83.10 (provisional) against the US dollar on Friday, weighed down by a negative trend in domestic equities and foreign fund outflows….

Business

Air India, CFM finalise order for engines for 400 planes

July 21, 2023 admin

Air India has been a CFM customer since 2002 when it began operating A320 neo aircraft powered by CFM56-5B engines. | Photo Credit: The Hindu Air India and CFM International have finalised the order for LEAP engines for the carrier’s new fleet of 400 narrow-body planes. The engines will power 210 Airbus A320/A321 neo and…

Business