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Aggregate bank deposits slump in fortnight to November 5 after abrupt rise in last 15 days: Report

According to the provisional RBI data for the fortnight to November 19, the aggregate deposits of commercial banks have slumped by Rs 2.7 lakh crore.

published : 03 Dec 2021

Cybersecurity start-up CloudSEK raises $7 million in Series A funding

The funding also attracted investments from Omidyar Network, 100X Entrepreneur, individual investors Firoz Meeran and Navas Meeran (Eastern Group), as well as from the CRED founder.

published : 03 Dec 2021

Sensex tanks 764 points below 57700-mark as India reports two cases of Omicron COVID variant

PowerGrid was the top loser in the Sensex pack, shedding over 4 per cent, followed by Reliance Industries, Asian Paints, Kotak Bank, Tech Mahindra and Bharti Airtel.

published : 03 Dec 2021

Believe in bright future of India, passion of its young entrepreneurs: Investor Masayoshi Son

Outlining SoftBank's commitment to India, Son said this year alone, the group has invested USD 3 billion in the country.

published : 03 Dec 2021

Need collective action for effective regulation of technology: Finance Minister Nirmala Sitharaman

Her comments also come against the backdrop of the government preparing to come out with legislation to regulate cryptocurrencies.

published : 03 Dec 2021

Jet Airways in 'advanced discussions' with Boeing, Airbus for buying aircraft

The grounded airline has been acquired by Murarilal Jalan-Kalrock Capital consortium under the insolvency resolution process.

published : 03 Dec 2021

Aadhaar looking to go global with collaborations to build digital identity system

UIDAI CEO Saurabh Garg said the authority is also exploring emerging technology to enhance security and increase transactions that can be done by using Aadhaar.

published : 03 Dec 2021

Confident that India, Australia will meet deadlines of finalising trade pact: PM Abbott

India and Australia have agreed to conclude a long-pending free trade agreement, officially dubbed as comprehensive economic cooperation agreement (CECA), by the end of 2022.

published : 03 Dec 2021

Hero MotoCorp expands operations in Argentina

Gilera Motors Argentina (GMA) will make new investments to rapidly expand all business operations for Hero MotoCorp's products.

published : 03 Dec 2021

India's services sector activity in Nov registers second-fastest pace of growth since July 2011: Survey

The seasonally adjusted India Services Business Activity Index was at 58.1 in November, fractionally down from 58.4 in October.

published : 03 Dec 2021

Sensex surges over 260 points in early trade; Nifty above 17,470

Infosys was the top gainer in the Sensex pack, rising 1.86 per cent, followed by L&T, Axis Bank, NTPC, ICICI Bank, Kotak Bank, M&M and HDFC.

published : 03 Dec 2021

FMCG major Hindustan Unilever shifts from coal to green fuel

HUL in a statement said that to facilitate this, the company has collaborated with biomass suppliers and local farmers to ensure sustainable supply of green fuel. 

published : 03 Dec 2021

Bounce brings e-bike starting at Rs 45,099

With this launch, it is now in direct competition with Ola Electric,  Hero Electric, Ather Energy and Boom Motors, among other major EV players.

published : 03 Dec 2021

Star Health IPO subscribed 79 per cent; gets strong response from anchor investors

According to market sources, the IPO will now cut its offer for sale (sale of shares by existing investors) size.

published : 03 Dec 2021

Bajaj dethrones Hero MotoCorp as largest motorcycle company

Bajaj sold a total of 3,37,962 motorcycles in November 2021 in the domestic and exports market as against 3,29,185 motorcycles sold by Hero.

published : 03 Dec 2021
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