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Home  Business

Business

Indian Overseas Bank clarifies about rumours of ATM closures as ‘false’, ‘unfounded’

Indian Overseas Bank clarifies about rumours of ATM closures as ‘false’, ‘unfounded’

  • No impact of India-Pak tensions on Basmati trade, says rice exporters body

    All India Rice Exporters Association president Satish Goel said the recent increase in prices of the commodity was owing to higher demand and not due to the ongoing India-Pakistan tensions
  • Centre notifies expansion of Credit Guarantee Scheme for Startups

    DPIIT, Ministry of Commerce and Industry, has notified the expansion of the CGSS, which increases the ceiling on guarantee cover per borrower from Rs 10 crore to Rs 20 crore
  • Rupee falls 30 paise to 85.88 amid rising India-Pakistan tensions and risk-off market sentiment

    According to forex traders, escalating geopolitical tensions between India and Pakistan have triggered a risk-off sentiment in the market, contributing to the rupee's decline. Additionally, rising demand for the US dollar has further dampened investor confidence.
  • Sensex, Nifty slide amid rising India-Pakistan tensions following military strikes, drone attacks

    On Thursday night, India promptly intercepted and neutralized Pakistan's renewed attempts to target military installations using drones and missiles in areas including Jammu and Pathankot, following earlier similar strikes at 15 locations across the northern and western regions, escalating tensions and raising concerns of a broader conflict.
  • Reliance withdraws ‘Operation Sindoor’ trademark application, says it was filed inadvertently

    The Mukesh Ambani-run firm was the first to apply for a patent on May 7 and was followed by three more — a Mumbai resident, a retired Indian Air Force officer and a Delhi-based lawyer
  • LG Electronics begins work on Rs 5,000-crore plant in Andhra Pradesh

    The South Korean giant’s investment in Andhra Pradesh is the largest single stage electronics investment in South India. Production at the home appliance factory is expected to begin at the end of next year
  • Sensex, Nifty volatile after India’s recision strikes under Operation Sindoor; Markets await further cues

    The benchmark indices showed range-bound movement during morning trade, with the BSE Sensex down by 87.81 points at 80,553.26 and the Nifty slipping 16.55 points to 24,365.05.
  • Sensex, Nifty swing sharply amid market volatility following India’s strikes under Operation Sindoor

    Markets witnessed sharp volatility in early trade, with the Sensex swinging between a high of 80,844.63 and a low of 79,937.48, while the Nifty fluctuated from a peak of 24,449.60 to a low of 24,220.
  • Rupee falls 31 paise to 84.66 against dollar after India’s cross-border strikes under Operation Sindoor

    Early Wednesday, the Indian armed forces launched missile strikes on nine terrorist targets in Pakistan and Pakistan-Occupied Kashmir, targeting key locations such as the Jaish-e-Mohammad stronghold in Bahawalpur and the Lashkar-e-Taiba base in Muridke.
  • British whisky, cars to get cheaper as India-UK clinches trade deal

    The pact lowers tariffs on 99 per cent of Indian goods to zero in the UK market while allowing Indian workers to travel to the UK for work without changing Britain’s point-based immigration system
  • If implemented, Trump’s 100 per cent tariff threat will impact business of Indian films in US: producers

    Though there is little clarity just yet, the fear is that it will impact the footfall for Indian movies screened in the US, according to a section of industry insiders, including Shibasish Sarkar, president of the Producers Guild of India, filmmaker Vivek Agnihotri and exhibitor-distributor Akshay Rathi
  • India’s services sector growth improves slightly in April

    The seasonally adjusted HSBC India Services PMI Business Activity Index reached 58.7 in April, up from 58.5 in March, indicating a sharp and stronger expansion in service sector output
  • CBI arrests Oil India’s deputy general manager, private company executive for bribery

    Prayas Chakravorty, a deputy general manager (DGM) of Oil India Limited (OIL), had allegedly demanded a bribe from Jyoti Kumar Singh, the DGM of Noida-based United Drilling Tools Limited, for the award of a certain contract in favour of the private company, they said
  • Airtel’s B2B arm launches ‘Business Name Display’ solution for enterprises

    The solution was piloted with over 250 businesses across sectors, including banking, retail, food delivery, mobility, Quick commerce, courier and logistics
  • India’s mineral production rises to all-time high in 2024-25

    The output of iron ore, which accounts for 70 per cent of the total mineral production by value, increased to 289 million metric tonnes (MMT) in FY 2024-25, breaking the earlier production record of 277 MMT achieved in FY 2023-24, registering a 4.3 per cent growth
  • Apple to scale iPhone production in India to $40 billion by FY26 amid shift from China

    The development follows Apple CEO Tim Cook’s recent statement during the company’s Q2 2025 earnings call, where he disclosed that most iPhones sold in the US during the ongoing April–June quarter would be manufactured in India.
  • Parameswaran Iyer to represent India on IMF Board at key meet on Pakistan loan

    Iyer will represent India on the IMF Board as the slot has fallen vacant following the recall of KV Subramanian as the country’s executive director, six months ahead of his three-year tenure
  • Sensex, Nifty rally in early trade on FII Inflows, Crude oil slump

    The 30-share BSE Sensex jumped 386.95 points to reach 80,888.94 in early trading, while the NSE Nifty advanced 114.05 points to 24,460.75. Among the top performers on the Sensex were Adani Ports, Asian Paints, Bajaj Finserv, Tata Consultancy Services, Infosys, HDFC Bank, Power Grid, HCL Tech, Titan, and Tata Motors.
  • Rupee rises 39 paise to 84.18 against dollar amid FII inflows, crude oil slump

    Forex traders noted that a steep drop in crude oil prices, along with a strong performance in domestic equities, boosted investor sentiment. Brent crude prices fell by nearly 4 percent in early Asian trading after OPEC+ indicated plans over the weekend to ramp up production in the coming months.
  • Editorial: Missing the electric bus

    Many potential buyers of electric vehicles in India are keeping their plans on hold because of the government’s flip-flops on EV and trade policy
  • US expects to seek tariff cuts, regulatory reforms in trade deal with India: GTRI

    In the agri sector, the Global Trade Research Initiative (GTRI) said the US demands include scaling back India's minimum price support (MSP) programs for crops like rice and wheat, removing restrictions on genetically modified (GM) imports, and lowering farm tariffs
  • CII unveils guidebook on effective adoption, governance of AI for board leaders

    AI requires careful governance to fully harness its potential while mitigating the risks and challenges it presents, CII said in a release, adding that the guidebook aims to serve as an effective tool for the board of directors to navigate the intricate landscape of AI governance and drive better business outcomes
  • Centralised KYC system in works: Tuhin Kanta Pandey

    The Central KYC is an online database that maintains KYC records of customers in a centralised manner, aiming to streamline compliance across financial institutions
  • Petrol, diesel demand rises 4 per cent in April as summer fuels consumption

    Diesel, India's most consumed petroleum fuel and lifeline of transport and rural agri economy, saw just 2 per cent growth in demand in fiscal year ended March 31, 2024 and no growth at all in the preceding financial year
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