All-India Consumer Price Index for Agricultural Labourers at 7% in May
Jun 21, 2024, at 11:40 pm
New Delhi: The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) (Base: 1986-87=100) saw an increase of 6 points each in May 2024, reaching 1269 and 1281, respectively.
Basmati rice exporter GRM Overseas raises Rs 136.5 crore through convertible warrants
Jun 21, 2024, at 10:44 pm
Mumbai: Indian basmati rice exporter GRM Overseas has announced that its board has approved the fund-raise of Rs.136.5 core through the issue of share warrants on preferential basis to 33 promoters and non-promoter investors.
Zepto raises $665 million in funding, company value goes up to $3.6 billion
Jun 21, 2024, at 10:12 pm
Quick-commerce company Zepto on Friday announced it has secured $665 million in a funding round, which has doubled its valuation to $3.6 billion, media reported.
India drops to 15th place in FDI rankings, as investment inflows drop by 43%: UNCTAD report
Jun 21, 2024, at 05:11 am
New Delhi: India dropped seven places to 15th in the 2023 World Investment Ranking as foreign direct investment (FDI) inflows decreased by 43% to $28 billion, according to a report by the United Nations Conference on Trade and Development (UNCTAD) released on June 20.
EPFO enrolls 1.9 million net members in April, up 31% from March
Jun 21, 2024, at 04:22 am
New Delhi: The retirement body EPFO enrolled 1.9 million net members in April this year, registering an over 31 percent increase from the previous month’s count, according to provisional payroll data released on Thursday.
Tata Motors launches digital marketplace 'Fleet Verse' for its entire range of commercial vehicles
Jun 21, 2024, at 03:17 am
Mumbai: Commercial vehicles manufacturer Tata Motors announced the launch of Tata Motors Fleet Verse - a comprehensive and innovative digital marketplace for Tata Motors Commercial Vehicles.
Volvo CE aims to double market share in India, says MD Dimitrov Krishnan
Jun 21, 2024, at 01:27 am
Volvo CE India, the construction equipment subsidiary of the Swedish major Volvo group, is aiming to double its market share in India, a company's top official said.
Jun 20, 2024, at 05:30 am
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, Wednesday approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects at a total outlay of Rs.7453 crore.
Jun 20, 2024, at 05:07 am
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, today approved setting up a Major Port at Vadhavan near Dahanu in Maharastra.
Jun 20, 2024, at 04:44 am
New Delhi: The Union Cabinet announced on Wednesday the minimum support price (MSP) for 14 Kharif season crops, including paddy, ragi, bajra, jowar, maize, and cotton.
Vodafone sells 18% stake in Indus Towers for 1.7 billion euros
Jun 20, 2024, at 04:10 am
Mumbai: British telecom company Vodafone announced on Wednesday that it has sold an 18 percent stake in Indus Towers for 1.7 billion euros (approximately Rs 15,300 crore), reported media.
Banks flag shortage of ATMs to govt, RBI: Report
Jun 19, 2024, at 11:18 pm
New Delhi: Banks have reportedly informed the government and Reserve Bank of India (RBI) about shortage in supply of automated teller machines (ATMs), reported Economic Times.
Jun 19, 2024, at 10:39 pm
Mumbai: Jaguar Land Rover, owned by Tata Motors, announced on Wednesday that it has signed a letter of intent with its Chinese joint venture partner, Chery, to license the Freelander brand for developing electric vehicles in China.
Chipmaker Nvidia is now world's most valuable company
Jun 19, 2024, at 02:32 pm
Chipmaking major Nvidia has become the world's most valuable company after its stocks reached all-time high on Tuesday, media reports said.
Elon Musk's salary exceeds Tata Motor's FY24 total revenue: Report
Jun 19, 2024, at 04:49 am
Mumbai: Elon Musk's $56 billion remuneration package exceeds Tata Motors' total revenue for the 2023-24 financial year, which amounted to $52.44 billion (Rs 4.38 lakh crore), reported the Economic Times.
PM Modi releases 17th installment of PM Kisan Samman Nidhi Yojana benefitting over 9.26 cr farmers
Jun 19, 2024, at 04:42 am
Varanasi: During his visit to Varanasi on Tuesday, Prime Minister Narendra Modi released the 17th installment of the PM Kisan Samman Nidhi Yojana, benefiting more than 9.26 crore farmers with a total disbursement exceeding Rs 20,000 crore.
Vodafone Group Plc to sell 9.9% stake in Indus Towers on Wednesday
Jun 19, 2024, at 04:22 am
Mumbai: Vodafone Group Plc, a promoter entity of Vodafone Idea Ltd, is expected to sell up to 9.94% equity through block deals in Indus Towers Ltd on Wednesday, reported CNBC-TV18.
Net direct tax collection grows 21% YoY to over Rs 4.62 lakh cr in Apr-Jun
Jun 19, 2024, at 02:45 am
New Delhi: India's net direct tax collections have increased by 21 percent year-on-year, reaching over Rs 4.62 lakh crore from April 1 to June 17, according to the income tax department on Tuesday.
Food inflation biggest challenge in disinflationary process: RBI Guv Shaktikanta Das
Jun 19, 2024, at 02:41 am
Mumbai: Despite the central bank's efforts to reduce India's retail inflation to its 4 percent target, the final stages of the disinflationary process are challenging due to persistently high food prices, Reserve Bank of India Governor Shaktikanta Das stated at an event on Tuesday.
SBI to raise Rs 10,000 cr via infra bonds: Report
Jun 18, 2024, at 10:31 pm
Mumbai: The State Bank of India (SBI), the country's largest lender, has initiated discussions with market participants to raise approximately Rs 10,000 crore ($1.20 billion) through infrastructure bonds, reported Reuters on Tuesday, citing two merchant bankers.
Coal India to explore lithium blocks in Argentina in collab with US company: Report
Jun 18, 2024, at 10:22 pm
New Delhi: State-owned Coal India Ltd is exploring lithium blocks in Argentina in collaboration with a US company to secure supplies of this crucial battery material, reported Reuters.
Indian Hotels Company expands its footprint in Bhutan with the signing of an 83-key hotel in Thimphu
Jun 18, 2024, at 09:58 pm
Indian Hotels Company (IHCL), India’s largest hospitality company, further strengthens their footprint in Bhutan with the signing of an 83-key hotel in Thimphu. This hotel will be rebranded to an IHCL – SeleQtions.
CII President Sanjiv Puri feels India will be third-largest economy in next few years
Jun 17, 2024, at 10:41 pm
A top Indian industry chambers body's head has claimed India will become the world's third-largest economy in the next few years.
SoftBank develops AI-driven voice tech to deal with angry customers
Jun 15, 2024, at 04:33 am
Japanese tech giant SoftBank Corp has introduced an innovative voice-altering phone technology to combat the growing issue of "customer harassment."
Paytm employees allege forced resignations; company rejects allegations
Jun 15, 2024, at 04:28 am
Mumbai: Several Paytm employees are on the verge of losing their jobs, with some staff members unsuccessfully negotiating for a pay cut instead, according to The Times of India.
PNB MetLife announces Rs 930 cr benefitting 5.82 lakh customers
Jun 15, 2024, at 03:00 am
Mumbai: PNB MetLife has announced a bonus of Rs 930 crore for eligible participating policyholders, benefiting 5.82 lakh customers.
Adani Enterprises promoters raise stake to 73.95% in the company
Jun 15, 2024, at 02:34 am
Mumbai: Gautam Adani and the promoter group of Adani Enterprises have acquired over two percent of the company's stake from the open market between September 2023 and June 2024, as reported in a stock exchange filing on June 14.
Nirmala Sitharaman set to make history with 7th consecutive Budget next month
Jun 15, 2024, at 01:26 am
New Delhi: Finance Minister Nirmala Sitharaman is poised to make history next month when she presents the Union Budget 2024-25 in Parliament.
Hyundai to liquidate 17.5% stake in Hyundai Motor India to raise up to $3 billion via IPO
Jun 14, 2024, at 10:23 pm
Mumbai: South Korean automaker Hyundai plans to reduce its 17.5 percent stake in its Indian subsidiary, Hyundai Motor India, through an initial public offering (IPO) aimed at raising between $2.5 billion and $3 billion, media reports said.
Vodafone Group to sell entire $2.3 bn stake in Indus Towers
Jun 14, 2024, at 10:15 pm
Mumbai: Vodafone Group is planning to sell its entire $2.3 billion stake in India's Indus Towers through block deals on the stock market next week, Reuters reported citing two sources with direct knowledge of the matter.