Nearly 6 per cent stake in IndiGo-parent was sold in a block deal in Thursday's session with Rakesh Gangwal likely seeking a near complete exit. Over 2.35 crore shares of the airline operator changed hands at a floor price of Rs 4,760 apiece, valuing the deal at more than Rs 11,100 crore as per BSE.
Reserve Bank Governor Shaktikanta Das said India is now a fast-growing economic powerhouse and stressed that financial institutions and fintech must swiftly adopt a robust framework to capitalise on new opportunities and mitigate risks.
The deal was announced six months ago and has been cleared by the Competition Commission of India with certain modifications proposed by the two parties.
The new Vande Bharat Express sleeper train will have 16 coaches and 823 berths and there will be 11 3AC coaches (611 berths), 4 2AC coaches (188 berths), and 1 1AC coach (24 berths).
The introduction of Zomato for Enterprise comes nearly a week after the company shut down its 'Intercity Legends' service.
The projects have been cleared under the National Industrial Corridor Development Programme (NICDP) with an estimated investment of Rs 28,602 crore.
Punjab National Bank's WhatsApp banking services include balance inquiries, mini statements, cheque book requests, emergency services and more. Offering these services reflects PNB’s ongoing commitment to providing secure, accessible, and convenient digital banking solutions to its customers.
Indian Railways latest news: Starting a Goa-bound train from Bandra Terminus will benefit tourists from Western suburbs of Mumbai who are looking to visit the coastal state, a popular holiday destination.
The All India Bank Employees Association (AIBEA) has called for a one-day strike today, protesting actions taken by the Bank of India. The strike is expected to impact banking services across the country.
When the government was formed in 2014, the first decision was taken in the direction of financial inclusion. The Pradhan Mantri Jan Dhan Yojna was introduced to provide free bank accounts to citizens alien to the banking system. Today the scheme completed 10 years of its implementation.
A Fixed Deposit (FD) account is a financial product where an investor deposits a lump sum of money for a predetermined period, and the interest rate remains fixed throughout the duration of the deposit.
An official statement noted that these discounts will further incentivise the scrapping of vehicles, thereby ensuring the plying of safer, cleaner and more efficient vehicles on roads.
Reports suggest that the Union Finance Ministry is likely to make a decision on the proposal it received from the Labour Ministry, which recommended raising the wage ceiling to Rs 21,000 from the current Rs 15,000.
As per the IRCTC, the whole process of ticket booking will soon happen immediately and the commuters will get the ticket, within a short interval.
Positive cues from global markets and sustained buying in select heavyweight stocks contributed to the early gains. Key sectors including IT, financials, and energy showed strength, bolstering overall market sentiment.
These price hikes signify the dynamic nature of the Indian real estate market, where certain micro-markets are experiencing rapid growth due to a combination of factors, including increased demand, strategic location, and robust infrastructure developments.
Investment Mistakes: If you are an investor, the most significant measure to minimise your investment errors is to recognise the most prevalent ones. Read full story here.
The state-owned BHEL will provide crucial equipment including boilers, turbines and generators for three thermal power projects of Adani Power. It will also supervise the erection and commissioning processes of the projects.
BSE's Sensex has gained for the fourth straight session on Friday, while Nifty rose for the seventh straight session. In Asian markets, only HongKong opened green while Seoul and Tokyo traded lower.
The inflow came following a net investment of Rs 22,363 crore into the Indian debt market in July, Rs 14,955 crore in June and Rs 8,760 crore in May.
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