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Australian envoy to India discusses future collaborations with Gautam Adani

Apr 6, 2024

New Delhi, April 5 (IANS) Australia's High Commissioner to India, Philip Green, on Friday said he met Adani Group's Founder and Chairman, Gautam Adani, and had a detailed discussion that not only focused on existing investments but also future collaborations in various fields like renewable energy and critical minerals, among others.In a post on X,…

Nestle India board approves hike in royalty payment to parent company

Apr 6, 2024

New Delhi, April 5 (IANS) The Nestle India Board of Directors has approved a staggered hike of 0.15 per cent per annum in royalty payment to its parent company.“The Board of Directors, on the recommendation of the audit committee, approved…

Business

India’s forex reserves surge to lifetime high of $645.58 bn

Apr 5, 2024

Mumbai, April 5 (IANS) India's foreign exchange reserves rose for a sixth consecutive week to hit a historic high of $645.58 billion for the week ended March 29, according to RBI data released on Friday.The forex kitty increased by $2.95…

Business

India okays export of essential goods to help Maldives despite soured ties

Apr 5, 2024

New Delhi, April 5 (IANS) India on Friday allowed limited exports of essential goods including sugar, wheat, rice, onions and eggs to the Maldives as a goodwill gesture amid soured ties with the neighbouring country which has suddenly shown…

Business

Mphasis partners AWS to launch Gen AI Foundry for financial services

Apr 5, 2024

New Delhi, April 5 (IANS) Information Technology (IT) solutions provider Mphasis on Friday announced a multi-year global strategic collaboration agreement (SCA) with Amazon Web Services (AWS) to launch Gen AI Foundry for financial services.…

Business

Economists unsure when RBI will cut repo rate

Apr 5, 2024

Chennai, April 5 (IANS) With the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) deciding to retain the repo rate at 6.5 per cent, economists are not sure when the central bank would cut the rate. Some expect a shallow rate…

Business

EV sales in India to grow 66 pc this year riding on consumer interest, govt initiatives

Apr 5, 2024

New Delhi, April 5 (IANS) Driven by rising consumer interest, government initiatives and infrastructure development, India’s EV sales nearly doubled in 2023 and are likely to grow 66 per cent this year, a report showed on Friday.Overall,…

Business

Nifty gains for third consecutive week

Apr 5, 2024

Mumbai, April 5 (IANS) On the weekly charts, Nifty rose 0.84 per cent, up for the third consecutive week, said Deepak Jasani, Head of Retail Research, HDFC Securities.Nifty formed a high wave formation on weekly charts, suggesting volatile…

Business

Nifty closes flat after RBI keeps repo rate unchanged

Apr 5, 2024

Mumbai, April 5 (IANS) The Nifty recovered from intraday lower levels to close flat on Friday after the RBI kept the repo rate unchanged at 6.5 per cent for the seventh consecutive time, said Siddhartha Khemka, Head of Retail Research at…

Business

RBI chief says banks, NBFCs in robust health but must stay alert

Apr 5, 2024

Mumbai, April 5 (IANS) RBI Governor Shaktikanta Das said on Friday that the latest data as at end-December 2023 shows that the key indicators of capital and asset quality of scheduled commercial banks continued to be healthy, and financial…

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