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SBI MF floats Nifty Bank Index Fund; Union MF launches short-duration fund

Union Mutual Fund (MF) on Friday announced the launch of a short duration fund, a debt MF offering which will invest in short-term debt instruments

Coal India eyes 4-5% FY25 growth, CMD optimistic on key coalfield targets

During April to December 2024, CIL recorded a production of 543.4 mt, a growth of 2.2 per cent over the same period last year

India's forex reserves fall $8.7 billion to $626 billion, hit 10-month low

Foreign currency assets fell by $9.5 billion, while the value of gold reserves went up by $792 million

Indian companies raised Rs 3.64 trn through ECB route in 2024

It is the is the highest amount raised in the last five years through that route

Punjab National Bank, Indian Bank get new chief executive officers

He brings with him extensive experience in banking, spanning more than three decades in various capacities. As Executive Director of Punjab National Bank (PNB) since November 2022

Govt highlights new initiatives for a progressive, self-reliant India

The Union Cabinet also approved the construction of a third launch pad at Isro's space centre in Sriharikota with an investment of Rs 3,984 crore

Tata Sons' de-registration application under consideration, says RBI

On Thursday, the regulator released the list of NBFC-UL for 2024-25 in which 15 entities are named, same as financial year 2023-24. No new NBFCs were included in the list for FY25

RBI liberalises Fema rules to facilitate cross-border transactions

The RBI has also allowed non-resident Indians to use such balances for foreign investments, including foreign direct investment (FDI) in non-debt instruments

Shriram Life unveils Sunishchit Laabh, a non-participating savings plan

The plan features flexible maturity income payout options, including tax-free payouts for up to 40 years

Considering a new car? Here are best loan rates offered by 18 companies

The information is on monthly installments, processing fees and rebates

4 in 5 professionals in India plan to look for a new job in 2025: LinkedIn

58% believe market will improve and they are optimistic about getting a new job this year

I-T Dept imposes Rs 3.86 cr penalty on Laurus Labs for disallowed deduction

Laurus Labs further clarified that the penalty proceedings would not have any financial impact on the company

US chip export curbs raise concerns for India's AI growth, infrastructure

India's National AI Mission aims to build infrastructure with over 10,000 GPUs through public-private partnerships, supported by a Rs 10,000 crore investment over five years

L&T Technology Services Q3FY25 results: Net profit drops 4% to Rs 322.4 cr

Meanwhile, revenue for the third quarter soared 9.5 per cent on year, at Rs 2,653 crore

Wholesale price inflation soars to 2.37% in Dec; food prices see decline

The wholesale price index (WPI) based inflation stood at 0.86 per cent in December last year

DPDP rules need to be principle-based rather than prescriptive: Vaishnaw

Over 200 participants, including key government officials from various ministries, industry leaders, legal experts, and policymakers, discussed the rules

RBI rejigs deputy guv portfolios; Rajeshwar Rao takes monetary policy dept

The government has already started the process of finding a successor for Patra

AI set to reshape 38 mn jobs in India by 2030, boost productivity: EY

EY's analysis of over 10,000 tasks across industries highlights varying productivity gains across sectors

Adani group stocks rally, market capitalisation up by Rs 1.04 trillion

However, Adani group companies are still trading significantly below their all-time highs

United Spirits appoints Praveen Someshwar as CEO-designate from March 1

Someshwar has been MD and CEO of HT Media for the last five years. Before that, he had served in various positions at PepsiCo in India and in the wider Asia Pacific region for over 24 years