This year’s event is going to be held in South Africa as it is an important market for Mahindra. Mahindra & Mahindra is going to show off the new Thar 5-door at an event on Independence Day on August 15. The company has marked every August 15 since 2020 with … Read more
Tag: business
State Bank of India keeps its home loan rates unchanged. Here’s how to check your applicable interest rate
SBI’s overnight MCLR rate is 7.90 per cent, while the rate for one-month and three-month tenure is 8.10 per cent. The country’s largest bank, State Bank of India (SBI) has recently tweaked its marginal cost of lending rates (MCLR) even though many banks have revised their lending rates. SBI has kept its … Read more
Govt proposes no hike in third party motor insurance for FY24
According to the draft notification, the third-party premium rates for popular and economic cars remain unchanged at Rs 2,094, and for SUVs, it also remains the same at Rs 7,897. In what could be a relief for vehicle owners, the Ministry of Road Transport and Highways has proposed no hike … Read more
Cabinet approves Rs 89,000 crore revival package for BSNL; authorised capital increased to Rs 2.10 lakh crore
The Cabinet, chaired by Prime Minister Narendra Modi, also granted nod for allotment of 4G/5G spectrum to BSNL. The Union Cabinet on Wednesday approved the third revival package worth over Rs 89,000 crore for the telecom PSU Bharat Sanchar Nigam Limited (BSNL). The total authorised capital of BSNL has been … Read more
HCLTech changes HR policy, some employees to get reduced salaries
Indian IT major HCLTech has recently changed its HR policy related to employee compensation, which has led to reduction in salaries of some employees, Business Today has learned from sources. The Noida-headquartered IT company has changed its policy related to Engagement Performance Bonus. Engagement Performance Bonus is part of the variable pay … Read more
‘Boeing supports Make in India initiative, to play a key role in expansion’
Boeing CEO David L Calhoun met Modi and discussed the importance of Boeing’s eight decades of aerospace partnership with India during the prime minister’s state visit to the US. Boeing CEO David L Calhoun has said his company supports Prime Minister Narendra Modi’s Make in India’ initiative and will play … Read more
Adani eyes Rs 90,000 cr EBITDA in 2-3 years
Adani’s projected EBITDA of more than Rs 90,000 crore is expected by FY23, according to a company note.Adani Group has set a target of achieving Rs 90,000 crore EBITDA in the next 2-3 years. This would be a significant jump from the group’s current EBITDA of around Rs 50,000 crore. … Read more
Byju’s tells investors it will file 2022 earnings by September: Report
Just this week, board members representing Peak XV Partners, earlier known as Sequoia Capital India, Prosus, and Chan Zuckerberg Initiative also stepped down, without publicly expressing their reasons.Education technology giant Byju’s has told investors it will file 2022 audited earnings by September and 2023 results by December, Reuters reported on … Read more
With Kia Seltos facelift in sight, dealers offer discounts to clear stock
As the South Korean car manufacturer Kia gears up to launch the facelift of its popular mid-size SUV Seltos, dealers around the country are offering attractive discounts on the current inventory. These discounts are available at a dealership level and go as high as Rs 75,000, HTAuto reported. To woo customers, dealerships are … Read more
India should consider free trade agreement with Egypt, say exporters
Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said that India and Egypt have historic trade relations, which are robust and fairly balanced. India should consider negotiating a free trade agreement (FTA) with Egypt as the Mediterranean nation holds huge potential for the domestic industry in various sectors … Read more