RBI issue Master Direction for ARCs; minimum Net Owned Fund set at Rs 300 cr

Mumbai, April 24 (UNI) Underlining its critical role in resolution of stressed financial assets of banks and financial institutions, the Reserve Bank of India (RBI) on Wednesday issued Master Directions for the Asset Reconstruction Companies (ARCs)....

mjunction joins ONDC Network

Kolkata, Apr 24 (UNI) mjvaluemart, mjunction’s online marketplace for the sale of unused surplus MRO spares, has joined the Open Network for Digital Commerce (ONDC).
Through this integration, mjvaluemart’s seller aggregator business catalog....

Mahindra Tractors crosses milestone by selling 40 lakh tractor units

Kolkata, Apr 24 (UNI) Mahindra Tractors, part of the Mahindra Group and the world’s largest tractor manufacturer by volume, has achieved a milestone by selling the brands 40th Lakh tractor, inclusive of exports in March 2024.
The Mahindra Yuvo....

BharatPe launches BharatPe One

Kolkata, Apr 24 (UNI) BharatPe, India’s leading name in the fintech industry, has announced the launch of BharatPe One, India’s first all-in-one payment product that integrates POS, QR, and speaker into one device.
This....

SBI Card launches SBI Card MILES for Travel enthusiast

Mumbai, April 24 (UNI) SBI Card, India’s largest pure-play credit card issuer, has launched three variants of its first travel-focused core credit card, ‘SBI Card MILES’
The card is aimed at bringing holistic travel....

Sensex up over 200 points

Mumbai, April 24 (UNI) The BSE Sensex remained firm for the fourth straight session on Wednesday, surging 261 points at 74,000 in opening session as buying was seen across board amid positive Asian Market.
The National Stock Exchange....

Rupee up 6 paise against USD

Mumbai, Apr 24 (UNI) The rupee remained strong on Wednesday, advancing 6 paise to 83.28 against the opening session on selling of US dollars by bankers and exporters, dealers at the Foreign Exchange said.
The local unit rallied owing to....

USD, Yen down; Pound, Euro up

Mumbai, Apr 24 (UNI) Following were the indicative currency rates and travellers' cheques
buying and selling rates.

CURRENCY NAME BUY SALE
UAE DIRHAM ....

High taxation and extreme regulations undermine legal cigarette industry in India

Hyderabad, April 23 (UNI) The high taxation and extreme regulations have resulted the share of legal cigarettes in total tobacco consumption in the country has shrunk by 37 per cent to a mere 9 per cent at the present from 21 per cent in 1981-82,....

Sensex ends in green; up 89.83 points

Mumbai, April 23 (UNI) The stock market on Tuesday opened strong with 400 points up with all-round shopping but paired early gains towards end of the trading hour and closed at 73,738, about 90 points up from its previous close.see more..

FHRAI seeks govt intervention to utilize increased FAR scheme for hotel industry expansion

New Delhi, Apr 23 (UNI) The apex association of hotels and restaurants FHRAI has approached the Government for resolution of long pending issue of not able to use the provision of increased Floor Area Ratio (FAR) saying this coming in the way to....

New Delhi, Apr 23 (UNI) Telecom major Jio Infocomm, a wholly owned by Reliance Industries Limited, has increased its subscriber tally to 470.86 million at the end of December, 2023, up 8.76 per cent from its subscriber base of 432.92 million a year....

Kottayam-Kochi Rubber Market Rates

Kottayam, April 23 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.
KOTTAYAM
RSS FOUR: 18000
RSS FIVE : 17700
ISNR TWENTY: 15700
SIXTY PERCENT LATEX: 12785
KOCHI see more..

Rupee marginally up 3 paise against USD

Mumbai, April 23 (UNI) The Rupee on Tuesday gained three paise to close at 83.34 against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.
A minor oscillation was seen during the trade, as it opened at....

Sensex up 89.83 pts

Mumbai, April 23 (UNI) The BSE Sensex remained positive for the third straight session on Tuesday, rising 89.83 pts to close at 73,738 on the strength of Telecommunications, Realty and Technology stocks amid positiveAsian Market.
The National....