The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years
Japan's central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The Bank of Japan's lending rate for overnight borrowing by banks was raised to a range of 0 to 0.1% from minus 0.1%...
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Sensex, Nifty tank in early trade amid weak Asian markets, foreign fund outflows
19 March 2024 | PTI -
Servotech to set up 20 EV charging stations in Nashik
19 March 2024 | PTI -
Citroen to supply 4,000 units of EV e C3 to BluSmart Mobility
19 March 2024 | PTI -
AI supercomputer at KIET institute
19 March 2024 | Pioneer News Service -
Venkatasubramanian P&G India new CEO
19 March 2024 | PTI -
New EV policy to help launch eco friendly premium SUVs
19 March 2024 | PTI -
Markets close higher in volatile trade
19 March 2024 | PTI
IT to see three to five per cent growth in FY25
Indian IT sector’s revenue growth is expected to come at a tepid 3-5 per cent in FY25, a domestic rating agency said on Monday. The sector’s hiring will “remain muted” in the near-term until the growth momentum picks up, Icra Ratings said. However, the companies’ profitability is expected to be resilient amid...
Insurance sector gets FDI worth Rs 54,000 crore in last nine years
The insurance sector has received close to Rs 54,000 crore as foreign direct investment (FDI) in the last 9 years on the back of further liberalisation of overseas capital flow norms by the government, Financial Services Secretary Vivek Joshi has said. The government increased the permissible FDI limit from 26 per...
Air India Express to operate non-stop flights to Kochi, Imphal from Kolkata in April
Air India Express, a subsidiary of Air India, is all set to begin non-stop flights to Imphal and Kochi from Kolkata this April, an airline official said. "The flights to Imphal will operate daily, while those to Kochi will fly six days a week," he said. The flight from Kolkata to Imphal...
Markets surrender early gains to trade lower
Benchmark equity indices faced volatile trends in early trade on Monday, surrendering their initial gains to trade lower, following a weak lead from Wall Street and rising crude oil prices. The 30-share BSE Sensex climbed 126.36 points to 72,769.79 in early trade after a weak beginning to the trade. The NSE...
Banks asked to check mis selling, safeguard account holders interest: Joshi
Financial Services Secretary Vivek Joshi has said that public sector banks have been asked to check mis-selling of insurance products and ensure protection of account holders’ interest. Banks have been sensitised on the matter, as the Department of Financial Services (DFS) regularly gets complaints that fraudulent and unethical practices are being...
Flipkart valuation declines in two years
E-commerce firm Flipkart’s valuation has declined by USD 5 billion or around Rs 41,000 crore as of January 2024 compared to that in January 2022, according to equity transactions carried out by its US-based parent firm Walmart. The valuation of the e-commerce firm declined to USD 35 billion as of January...
Decathlon to accelerate investments in India
French sports retailer Decathlon is accelerating its investments to ramp up production and enhance its retail presence further in India, one of its “most important” global markets, its Global CEO Barbara Martin Coppola has said. Decathlon expects to continue its “high growth rate” from the Indian market, which is also emerging...