NEW DELHI, Apr 14:State-owned Bank of Maharashtra (BoM) has announced reduction in lending rate linked to repo rate by 25 basis points in line with the Reserve Banks key policy rate. The banks repo-linked lending rate (RLLR) has now been reduced from 9.05 per cent to 8.80 per cent, BoM said in a statement on Monday. The Reserve Bank of India (RBI) on Wednesday slashed key interest rates by 25 basis points for the second time in a row [] The post Bank of Maharashtra slashes retail loan rates by

NEW DELHI, Apr 13: Intermittent rainfall in south India and recent thunderstorms with moderate rain in some parts of north and eastern regions have slowed down the pace of sales of room air conditioners in April, but the industry is still expecting a double-digit growth with recent weather forecasts suggesting an intense summer. Manufacturers of room air conditioners (RAC), including Blue Star, Samsung, and Haier, are also going for a price increase of up to 5 per cent in [] The post Rain, 5 pc

NEW DELHI, Apr 11: Aurobindo Pharma Ltd on Friday said the US health regulator has issued a Form 483 with 11 observations to the Raleigh plant at North Carolina, USA, owned by its arm, Aurolife Pharma LLC. The US Food and Drug Administration (USFDA) had conducted inspection at the plant from March 24, 2025, to April 10, 2025, Aurobindo Pharma said in a regulatory filing. At the conclusion, the USFDA issued a Form 483 with 11 observations. These observations [] The post USFDA issues Form 483 wit

NEW DELHI, Apr 11: Honda Motorcycle & Scooter India (HMSI) is recalling certain units of CB300R motorcycle to rectify an issue with headlight. Aligned with the global market action, the company has announced a voluntary recall for CB300R motorcycle, manufactured between 2018 to 2020, the two-wheeler major said in a statement. The company has identified a concern in the internal PCB structure of the motorcycles headlight, it added. The core wires could suffer a fatigue break at the root [] The p

NEW DELHI, Apr 11:Drug major Cipla on Friday said it has received approval from the US health regulator to market a generic cancer treatment drug. The company has received the final approval from the US Food and Drug Administration (USFDA) for the Abbreviated New Drug Application (ANDA) submitted for paclitaxel protein-bound particles for injectable suspension (albumin-bound), 100 mg/vial, single-dose vial, Cipla said in a regulatory filing. Ciplas protein-bound paclitaxel is a generic therapeu

MUMBAI, Apr 9: Asserting that the Indian banking system is safe, secure and robust, Reserve Bank Governor Sanjay Malhotra on Wednesday said crises in some banks and a housing finance company are episodes and not total failure. He was responding to a question about whether there were larger systemic concerns around the accounting lapses at IndusInd Bank and the failure of the Mumbai-based New India Cooperative Bank and Aviom India Housing Finance Pvt Ltd. Without getting into specifics of any []

NEW DELHI, Apr 8:State-owned Bank of Maharashtra (BoM) on Tuesday said it has registered a credit growth of 17.84 per cent at Rs 2.40 lakh crore in January-March quarter. The outstanding credit was Rs 2.03 lakh crore at the end of March 31, 2024, BoM said in a regulatory filing. The Pune-headquartered lender reported a 13.45 per cent increase in total deposits to Rs 3.07 lakh crore in the reporting quarter as against Rs 2.70 lakh crore at the [] The post Bank of Maharashtra clocks 18 pc loan gr

NEW DELHI, Apr 2:State-owned CIL is looking at lithium blocks in Australia and Argentina, companys Chairman P M Prasad said on Wednesday. Speaking on the sidelines of the 11th Asian Mining Congress and the 11th International Mining Exhibition, Prasad said Coal India Ltd (CIL) is targetting a production of 875 million tonnes (MT) and offtake of 900 MT in the 2025-26 fiscal year. The company accounts for over 80 per cent of domestic coal production. Prasad further said the [] The post Coal India

NEW DELHI, Apr 2: Mundra Port, the flagship shipyard of Billionaire Gautam Adani-led Adani Ports, has become the first India dockyard to handle over 200 million metric tonnes of cargo volume in 2024-25. Adani Ports and Special Economic Zone Limited (APSEZ), in a statement, said during March 2025, it handled its highest-ever cargo volume at 41.5 MMT (+9 per cent year-on-year), led by containers (+19 per cent) and liquids and gas (+5 per cent). APSEZ handles all-time high cargo [] The post Mundra

NEW DELHI, Apr 1: Realty firm Raymond Ltd has signed a joint development agreement to develop a housing project in Mumbai with an estimated revenue potential of Rs 5,000 crore. In a regulatory filing on Tuesday, the company informed that its wholly-owned step-down subsidiary, Ten X Realty East Ltd, has signed a Joint Development Agreement (JDA) for a residential project in Wadala, Mumbai. This landmark project is estimated to have a gross development value of approximately Rs 5,000 crore, [] Th

NEW DELHI, Apr 1:Godrej Properties Ltd has sold 275 homes for more than Rs 2,000 crore in its new housing project at Noida in Uttar Pradesh. In a regulatory filing on Tuesday, the company informed that it had launched a luxury project Godrej Riverine in Sector 44, Noida, last month. Godrej Properties said it has sold over 275 homes worth over Rs 2,000 crore at the launch of its luxury project, Godrej Riverine. The project is spread over 6.46 [] The post Godrej Properties sells 275 flats for ove

NEW DELHI, Apr 1:Ola Electric on Tuesday said it registered 23,430 units in March this year, as per the VAHAN portal, reflecting strong demand across urban and rural markets. The shift to in-house vehicle registrations in February led to temporary disruptions. While the transition continues, daily registration volumes and backlog clearance are steadily improving, the company said in a statement. We have nearly cleared the February backlog and expect to complete the remaining February-March regi

NEW DELHI, Mar 30:The iron ore production in April-February period of the current fiscal rose by 4.4 per cent to 263 million tonne (MT). In the year-ago period, the production was 252 MT, the mines ministry said in a statement. The production of iron ore was 274 MT in 2023-24. Iron ore accounts for 70 per cent of the total mineral production by value. Manganese ore production increased 12.8 per cent to 3.4 MT in April-February FY25 from 3 [] The post Iron ore production rises 4% to 263 MT in Ap

NEW DELHI, Mar 30:Real estate company ATS Homekraft has sold around 400 residential plots for more than Rs 1,200 crore in its new project on Yamuna Expressway on strong consumer demand. The company will develop a 63-acre plotted development project, Province D Olympia on Yamuna Expressway, near the upcoming Noida International airport in Jewar, Uttar Pradesh. We have launched first phase of a 63-acre project comprising around 400 plots. We received a tremendous response from the customers and a

New Delhi, Mar 29: Leader of Opposition in Lok Sabha Rahul Gandhi on Saturday said the BJP governments cronyism and regulatory mismanagement has pushed Indias banking sector into a crisis, which in turn hurts junior employees who have to endure stress and toxic work conditions. Accusing the BJP government of writing off Rs 16 lakh crore for its billionaire friends, Gandhi said the governments economic mismanagement has a human cost that affects thousands of honest working professionals. In a pos

MUMBAI, Mar 26: Benchmark stock indices Sensex and Nifty halted their seven-day winning run and closed down by nearly 1 per cent on Wednesday due to profit-taking in banking and IT shares. The 30-share BSE Sensex tanked 728.69 points or 0.93 per cent to settle at 77,288.50. During the day, it slumped 822.97 points or 1.05 per cent to 77,194.22. The NSE Nifty dropped 181.80 points or 0.77 per cent to 23,486.85. In the past seven trading days, the BSE [] The post Stock markets snap 7-day rally; Se

MUMBAI, Mar 24:Benchmark BSE Sensex surged by 1,078 points to close at a six-week high on Monday as fresh foreign fund inflows and buying in banking and oil & gas shares helped the index extend the winning run to the sixth day. The 30-share BSE Sensex jumped 1,078.87 points or 1.40 per cent to settle at 77,984.38, a level not seen since February 6. During the day, it zoomed 1,201.72 points or 1.56 per cent to breach the 78,000 [] The post Sensex jumps 1,078 pts to settle at 6-week high on FII b

CHENNAI, Feb 18: Public sector Indian Overseas Bank has launched Aadhaar-OTP based account opening and API banking facilities coinciding with its 89th Foundation Day Celebrations, a top official said on Tuesday. The initiatives were designed to offer simplified banking services to both individual and corporate customers. The city-headquartered bank has introduced an Aadhaar OTP based account opening facility, enabling customers to open a savings account effortlessly through the bank website. Thi

NEW DELHI, Jan 13:Wind energy solutions provider Inox Wind Ltd (IWL) on Monday said Care Ratings (CARE) has upgraded the ratings for the companys banking facilities. CARE upgraded its rating to CARE A1+, the highest rating for short-term bank facilities, from CARE A1, a company statement said. The rating upgrade reflects IWLs strong financial position, supported by the effective use of banking facilities like Letters of Credit (LCs) and Bank Guarantees (BGs), according to the statement. The lon