Hinduja group-owned IndusInd International Holdings Ltd (IIHL), the promoter of IndusInd Bank, announced on Monday its plans to raise $1.5 billion (about Rs 12,300 crore) to increase its stake in the lender to 26 per cent from the current 15 per cent as well a... More »
IIHL is likely to be listed by 2024 IndusInd International Holdings Limited (IIHL), the promoter of IndusInd Bank, is set to expand its business horizon in India and other nations, in the Banking Finance Services and Insurance (BSFI) sector, according to a p... More »
The Beta trial for first one million Jio Bharat phones will start from July 7 and will be carried out across 6,500 tehsils. Telecom major Reliance Jio on Monday announced the launch of Jio Bharat, a device that will provide internet-enabled services on entry-... More »
The Centre has scrapped its proposed strategic sale in Pawan Hans after examining the response of Star9 Mobility, the winning bidder for the state-owned helicopter service provider, on an adverse order by a company court. Star9, a consortium of three companie... More »
The Department of Investment and Public Asset Management (DIPAM) said that the government has called off the strategic disinvestment of Pawan Hans.Pawan Hans is a national helicopter carrier in India that was started in October 1985. The flagship helicopter... More »
Almost 76 per cent of Rs 2,000 banknotes in circulation as on May 19 have been returned to the banks, the Reserve Bank of India (RBI) said in a statement on Monday. As on May 19, the total value of Rs 2,000 notes in circulation was Rs 3.56 trillion. Out of th... More »
India’s manufacturing activity in June expanded at the second highest pace this year, driven by robust demand for the country’s goods in domestic and international markets, said a private survey on Monday. S&P Global said that the Purchasing Managers' Index (... More »
A vendor sells vegetables in Middha village during high temperatures in Ballia, Uttar Pradesh, India, on Friday, June 23, 2023. Photographer: Prashanth Vishwanathan/Bloomberg By Vrishti Beniwal India’s unemployment rate rose above 8% for the third time thi... More »
India's manufacturing sector showed a slowdown in June as compared to May, a private survey showed. According to S&P Global India, the country's manufacturing Purchasing Managers' Index (PMI) fell to 57.8 in June from 58.7 in May.A PMI higher than 50 shows ... More »
A motorcyclist drives past empty stacked oil drums in Cochin, India, on Friday, May 29, 2015. Photographer: Dhiraj Singh/Bloomberg By Rakesh Sharma India’s imports of Russian oil hit another record last month as the South Asian nation potentially nears the... More »
Within 10 days of 15 parties resolving in Patna that they would fight the 2024 Lok Sabha elections unitedly against the Bharatiya Janata Party (BJP), Sharad Pawar-led Nationalist Congress Party (NCP) suffered a split on Sunday, with his nephew Ajit Pawar being... More »
Marking a vertical split in the Nationalist Congress Party (NCP), its senior leader Ajit Pawar joined the Eknath Shinde-led Maharashtra government as deputy chief minister on Sunday. The presence of NCP president Sharad Pawar and party's working president Sup... More »