India to witness GDP growth of 6 to 6.8 pct in 2023-24: Economic Survey
Jan 31, 2023, at 08:10 pm
New Delhi: India to witness GDP growth of 6.0 per cent to 6.8 per cent in 2023-24, depending on the trajectory of economic and political developments globally, as per the Economic Survey released on Tuesday.
IMF projects India is going to be world's fastest economy in 2023, global growth to drop to 2.9 pct
Jan 31, 2023, at 02:28 pm
New York: The International Monetary Fund (IMF) on Tuesday released its latest projections on world economic growth where India was seen to be growing at the rate of 6.1 per cent in 2023.
Indian Market: Sensex improves 169.51 pts
Jan 30, 2023, at 11:28 pm
Mumbai: The BSE Sensex on Monday recovered 169.51 pts to close at 59,500.41 following gains in IT, Technology and Telecommunications stocks.
Philips to scrap 6,000 jobs in its bid to improve profitability
Jan 30, 2023, at 08:35 pm
Amsterdam: Dutch health technology company Philips on Monday said it will scrap 6000 jobs to restore the company's profitability, media reports said.
Kolhapur-Sangli road to be made of cement concrete to prevent potholes: Gadkari
Jan 29, 2023, at 09:50 pm
Kolhapur: Union Road Transport and Highways Minister Nitin Gadkari Saturday said the Kokhapur-Sangli highway would be constructed of cement concrete to prevent potholes on the arterial stretch for the next 50 years.
Despite muted response from retail investors, Adani Enterprises says FPO on track
Jan 29, 2023, at 06:51 am
Mumbai: Adani Enterprises has maintained that its Rs 20,000 crore Follow on Public Offer (FPO) is well on track despite a muted response across investor categories amid a market rout in the group’s share.
Centre to increase India's exploration acreage to 1.0 million sq. km. by 2030: Hardeep Singh Puri
Jan 29, 2023, at 05:44 am
Mumbai: The government intends to increase India's exploration acreage to 0.5 million sq. km. by 2025 and 1.0 million sq. km. by 2030, Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Saturday.
Exactly How Frequently Should I Check My CIBIL Score? What's The Myth? What’s The Truth?
Jan 28, 2023, at 06:19 pm
A credit score is the numeric representation of an individual’s credibility as a borrower. Although there are various other credit scores like FICO score, Equifax score, etc., most lending institutions take a ‘good’ or ‘high’ CIBIL score as one of the eligibility parameters, especially for unsecured loans. They check the CIBIL score while approving secured loans to get an assurance that their customers will not default.
Govt's rice procurement to reach previous year's level of 592 lakh tonnes
Jan 28, 2023, at 08:09 am
New Delhi/IBNS: Centre’s rice procurement is expected to be equal to last year's level of 592 lakh tonnes in the current 2022-23 marketing year ending September, despite an estimated decline in Kharif output, media reports said.
Global economy likely to shrink but worst may be over: RBI Governor
Jan 28, 2023, at 07:49 am
New Delhi/IBNS: The global economy is likely to shrink significantly this year but the worst—both in terms of growth and inflation—appears to be over, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday, media reports said.
Govt to invite EoI for Rs 41,000 cr international transhipment port at Great Nicobar Island
Jan 28, 2023, at 07:45 am
New Delhi/IBNS: The Ministry of Ports, Shipping and Waterways will invite Expressions of Interest (EoI) for the development of Mega International Container Transhipment Port (ICTP) at Galathea Bay of Great Nicobar Island of Andaman and Nicobar Islands in the Bay of Bengal.
Coal India to launch M-Sand projects in a big way to focus on high-quality sand prodn
Jan 28, 2023, at 06:06 am
New Delhi/IBNS: Coal India Ltd (CIL) is looking to process the overburden rocks for sand production in mines where OB material contains about 60% sandstone by volume which is harnessed through crushing and processing of Overburden, the Ministry of Coal said on Friday.
Govt to start sale of 25 LMT wheat from Feb 1 under Open Market Sale Scheme
Jan 28, 2023, at 05:45 am
New Delhi/IBNS: Twenty-five lakh MT of wheat will be offered for sale starting from the first week of February (1st February, 2023) under Open Market Sale Scheme (Domestic) or OMSS (D), the Ministry of Consumer Affairs, Food & Public Distribution said on Friday.
MeitY Startup Hub and Meta shortlist 120 Startups and Innovators for the XR Startup Program
Jan 28, 2023, at 05:42 am
New Delhi/IBNS: MeitY Startup Hub (MSH), an initiative of the Ministry of Electronics & Information Technology (MeitY), and Meta, the owner of firms like Facebook and WhatsApp, together released the list of 120 startups and innovators for the XR Startup Program, in Delhi on Friday.
Aadhaar e-KYC transactions jump 18.53% to 84.8 cr in Q3 of FY 2022-23
Jan 28, 2023, at 05:32 am
New Delhi/IBNS: Over 84.8 crore e-KYC transactions were executed using Aadhaar in the October-December quarter (Q3) of FY 2022-23, a growth of 18.53% over the Q2 (July-Sept) of the current financial year.
After Hindenburg Research's negative report, Gautam Adani slips 4 positions on Forbes rich list
Jan 28, 2023, at 04:26 am
Mumbai: Amid a drop in the stock prices of the companies in Adani Group, its chairman Gautam Adani slipped from 3rd to 7th position on the list of the world’s richest people, as per Forbes Realtime Billionaires.
Hindenburg Research’s report impact: Adani Enterprises FPO receives muted response on day 1
Jan 28, 2023, at 03:48 am
Mumbai/IBNS: Adani Enterprises Ltd's follow-on public offer (FPO) received a bleak response across investor categories as the total issue was subscribed just 1% on Friday, data on the BSE website showed.
Maruti Suzuki to use biogas from cow dung in its carbon-neutral cars
Jan 28, 2023, at 02:34 am
Gurugram: Car manufacturer Maruti Suzuki is exploring a unique way of dealing with carbon emissions through an ambitious project in which cow dung will be used to produce biogas for usage in its carbon-neutral internal combustion engine vehicles like CNG, biogas, and ethanol, media reports said.
Indian Rupee moves up by 7 paise against USD
Jan 27, 2023, at 10:51 pm
Mumbai: The Rupee on Friday gained seven paise to close at 81.52 on selling of US Dollar by bankers and importers, dealers at the Foreign Exchange said.
Toyota Kirloskar Motor commences bookings for New Innova Crysta
Jan 27, 2023, at 09:51 pm
Bengaluru: Toyota Kirloskar Motor (TKM) on Friday announced opening of bookings for its New Innova Crysta.
Jan 27, 2023, at 04:45 pm
Mumbai/UNI: The BSE Sensex on Friday dropped 507.26 points below 60,000 at 59,697.80 in opening trade on weak global peers.
Rupee slips 7 paise against USD
Jan 27, 2023, at 04:24 pm
Mumbai/UNI: The Rupee on Friday slipped 7 paise at 81.65 in the opening trade against the US Dollar on rising demand for US Dollars by bankers and importers, dealers at Foreign Exchange said.
Adani Group to sue USA's Hindenburg Research for 'malafide, mischievous' report
Jan 27, 2023, at 12:59 am
Mumbai/IBNS: The Adani Group is planning to take US-based investment research firm Hindenburg Research to court for a "malafide and mischievous" report published before the Indian firm’s Rs 20,000 crore follow-on public offer (FPO) pulled down Adani Group stocks by up to 10% on Wednesday.
German software giant SAP to lay off 3,000 workers
Jan 26, 2023, at 10:54 pm
Berlin: German software major SAP on Thursday said it is looking to terminate 3,000 jobs this year, at a time when global big tech companies are resorting to mass layoffs to cut costs citing weak growth and grim economic outlook, media reports said.
Adani Group says Hindenburg Research's negative report timed to damage Adani Enterprises FPO
Jan 26, 2023, at 06:14 am
Adani Group has slammed the negative report by American short-seller Hindenburg Research, alleging that it was timed with a mala fide intention to damage Adani Enterprises FPO.
Adani Enterprises raises Rs 6,000 cr from anchor investors ahead of FPO: Report
Jan 26, 2023, at 04:40 am
Mumbai: The follow-on share sale floated by Gautam Adani’s flagship, Adani Enterprises, generated considerable interest with major investors showing bidding to buy stock, media reports said.
Mukesh Ambani to buy stake in US businessman Josh Kushner's Thrive Capital: Report
Jan 26, 2023, at 02:11 am
Reliance Industries Ltd (RIL) chairman Mukesh Ambani is joining a group of global billionaires to buy a stake in Thrive Capital, the venture-capital firm founded by Josh Kushner, Bloomberg reported.
Dr Reddy’s Q3 net profit up 77 pc at Rs 1,247 cr
Jan 25, 2023, at 11:39 pm
Hyderabad: Generic Drug maker, Dr Reddy’s Laboratories’ on Wednesday reported a 77 per cent increase in consolidated net profit to Rs 1,247 crore in the third quarter ended December 2022 as against Rs 706 crore in the corresponding quarter in the previous year.
Olectra Greentech standalone net profit up 136 pc to Rs 42.9 cr
Jan 25, 2023, at 11:17 pm
Hyderabad: Olectra Greentech Limited, an arm of the MEIL group, on Wednesday reported a 136 per cent increase in standalone net profit to Rs 42.9 crore for the nine months period ending December 2022 as against Rs 18.2 crore in the corresponding period in December 2021.
Indian Market: Sensex crashes 773.69 pts
Jan 25, 2023, at 10:55 pm
Mumbai: The BSE Sensex on Wednesday crashed 773.69 pts to settle at 60,205.06 on weak global cues.