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HDFC Bank has secured a long-term lease for an entire 8-storey building in the Mindspace Airoli West commercial complex, Navi Mumbai. The office space spans over 4 lakh sq ft and the lease agreement covers a period of 10 years. This move highlights the bank’s expansion efforts, as it continues to strengthen its presence in […]
Andhra Pradesh govt has approved key development projects in Amaravati, sanctioning 20 civil works worth ₹11,467 crore under the Capital Region Development Authority (CRDA). Projects, including housing for ministers, IAS officers, and judges, as well as infrastructure like secretariat towers, will be financed through loans from the World Bank and ADB, with Central Government support.
Poonawalla Fincorp, a Cyrus Poonawalla Group-promoted non-banking finance company, has appointed Salil Hajarnis as Chief Technology Officer (CTO), effective December 10, 2024. His appointment, approved by the board on September 11, 2024, will see him leading the company’s technology strategy, with a focus on digital transformation and AI-driven customer solutions.
Indian stock markets ended Tuesday’s choppy session on a flat note. Sensex settled at 81,510.05, up marginally by 1.59 points. Similarly, Nifty settled at 24,610.05, down 8.95 points, or 0.05%. Among broader markets, Midcap and Smallcap indices ended higher by 0.23% and 0.28%, respectively.
Former JP Morgan India CEO PD Singh, Rahul Shukla, Group Head of Commercial and Rural Banking at HDFC Bank, and Venugopal Ranganathan, Chief Risk Officer at Standard Chartered, are the three candidates submitted by the bank to the Reserve Bank of India (RBI) to succeed Zarin Daruwala as CEO of Standard Chartered in India and […]
India’s coal-dependent steel industry presents a “rocky and uncertain path” to achieving net zero by 2070, according to Global Energy Monitor. The country leads globally in steelmaking capacity under development, surpassing China. National Steel Policy’s reliance on emissions-intensive coal-fired blast furnaces, rather than green steelmaking, could delay India’s ne...
The Sensex and Nifty opened at fresh record levels in early trade today, December 10, 2024. The Sensex started trading today at 81575.96, up 67.50 points or 0.08%, and the Nifty was at 24652.65, up 33.65 points or 0.14%. Meanwhile, the Indian rupee was trading today at 84.79 against the dollar.
Tata Power CEO Praveer Sinha announced that construction of the ₹6,900 crore Khorlochhu Hydropower Project in Bhutan has begun, with commissioning expected by Sep 2029. The 600 MW project, located on the Kholongchhu River in eastern Bhutan, is currently focusing on tunnel diversion work. Sinha confirmed that the project is on track for its scheduled […]
Here are the silver prices per 10 grams today in the top cities. ★ Chennai – ₹1000, ★ Mumbai – ₹920, ★ Delhi – ₹920, ★ Kolkata – ₹920, ★ Bangalore – ₹920, ★ Hyderabad ₹1000, ★ Kerala – ₹1000, ★ Pune – ₹920, ★ Vadodara – ₹920, ★ Ahmedabad – ₹920, ★ Jaipur – […]
Google CEO Sundar Pichai announced that the search engine will transform in 2025, tackling complex questions with new capabilities. Pichai responded to Microsoft’s Satya Nadella’s comments, highlighting Google’s own AI models. Google is overhauling search with AI-driven features like summaries and video searches, and preparing a major update to its Gemini AI model to compete [...
Here are the diesel prices per liter in the top cities. ★ Delhi – ₹87.62, ★ Kolkata – ₹91.76, ★ Mumbai – ₹89.97, ★ Chennai – ₹92.34, ★ Gurgaon – ₹87.65, ★ Noida – ₹87.86, ★ Bangalore – ₹88.94, ★ Bhubaneswar – ₹92.62, ★ Chandigarh – ₹82.40, ★ HYD – ₹95.65, ★ Jaipur – ₹90.36, […]
Infosys co-founder Narayana Murthy has acquired a luxury flat in Bengaluru’s Kingfisher Towers, UB City, for ₹50 crore. The 8,400 square feet flat, located on the 16th floor, features four bedrooms and five parking spaces. This is Murthy’s second property in the high-rise, reinforcing his premium real estate portfolio in one of the city’s most […]
Finance Minister Nirmala Sitharaman said GDP slowdown in September quarter was not “systemic”. India recorded a 7-quarter low GDP growth of 5.4% in July-September FY25. In the first quarter, the growth was 6.7%. “It is more of absence of activity on public expenditure, capital expenditure and so on. I expect Q3 to make up for […]
A CIBIL score is a three-digit number that reflects an individual’s creditworthiness, ranging from 300 to 900. A higher score indicates better credit health, making it easier to secure loans and credit cards with favorable terms. It impacts interest rates, loan approvals, and financial trustworthiness. A low score can lead to loan rejections, higher interest […]
Reserve Bank of India’s (RBI) first reduction in the cash reserve ratio (CRR) since March 2020 is expected to provide significant liquidity to the banking system. Bankers anticipate this will help cool down bulk deposit rates, which could result in a 3 to 5 basis point improvement in bank net interest margins (NIM), benefiting the […]