NMDC R&D Centre and RDCIS, SAIL have signed a Memorandum of Understanding (MoU) to leverage their collective expertise for the advancement of the steel industry.
The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced introducing the 'bank.in' exclusive Internet domain for Indian banks.
India has achieved a historic milestone by surpassing 100 GW of installed solar power capacity, reinforcing its position as a global leader in renewable energy, informed Union Minister of New and Renewable Energy
Reserve Bank of India (RBI) Governor, Sanjay Malhotra on Friday said India's foreign exchange reserves rose for a second straight week and stood at USD 630.6 billion as of January 31.
Hindustan Copper Limited (HCL) has achieved “Excellent” rating by the department of public enterprises (DPE) for FY 2023-24 in terms of Performance as per MoU parameters.
At close, Sensex was 1,020.80 points, or 1.73 per cent, down at 58,058.92, and Nifty closed 302.45 points, or 1.72 per cent, at 17,327.35. As many as 2,497 shares declined, 983 shares advanced, and 107 remained unchanged.
Nevertheless, the central bank may turn more cautious toward reducing benchmark lending rates and the required reserves of banks in the rest of the year, due to the need to balance between the goals of growth stabilization and foreign exchange market stability, Cheng said.
The share price of Tata Steel rallied while subsidiaries slumped by upto 9 per cent on Friday after the company's board approved the amalgamation of seven group companies.
The share price of Mahindra & Mahindra Financial Services Limited crashed by more than 14 per cent on Friday a day after the Reserve Bank of India (RBI) barred it from using third-party recovery agents.
The nod was received on Thursday at a meeting of its Board members. These seven companies are Tata Steel Long Products, The Tinplate Company of India, Tata Metaliks, TRF, The Indian Steel & Wire Products, Tata Steel Mining, and S and T Mining Company, the same filing said.
