Ethanol push turns India into top corn importer: Report
Sep 05, 2024, at 07:54 pm
Mumbai/IBNS: India's push to make more ethanol made from corn has turned the country, which was Asia's top corn exporter, into a net importer for the first time in decades, squeezing local poultry producers and scrambling global supply chains, Reuters reported.
Big push for capex: Finance Minister Nirmala Sitharaman eases norms for expenditure over Rs 500 cr
Sep 05, 2024, at 05:39 am
New Delhi: The finance ministry has eased rules for expenditures exceeding Rs 500 crore to speed up capital expenditure, which is set at Rs 11.11 lakh crore for the current fiscal year, News agency PTI reported.
Adani Enterprises establishes subsidiary to develop Nairobi airport in Kenya
Sep 05, 2024, at 04:53 am
Mumbai: Adani Enterprises, the flagship company of the Adani Group, has established a subsidiary in Kenya as part of its strategy to take over Jomo Kenyatta International Airport in Nairobi, media reports said.
Reliance Industries bags 10 GWh ACC EV battery project under PLI scheme
Sep 05, 2024, at 03:03 am
New Delhi: Reliance Industries has secured a 10 GWh battery storage project under an incentives program designed to promote EV battery production, the government said on Wednesday.
Adani Enterprises' first retail bond fully subscribed: Report
Sep 05, 2024, at 01:54 am
Mumbai: Adani Enterprises' first retail bond was fully subscribed at its launch on Wednesday, according to data from local Indian stock exchanges, marking a rare occurrence in the market, Reuters reported.
States fail to reach consensus on GST relief on health insurance premiums
Sep 04, 2024, at 11:06 pm
New Delhi: States remain divided over a proposal to exempt health insurance premiums from Goods and Services Tax (GST), with the Fitment Committee—comprising revenue officials from both state and Union governments—struggling to agree on this contentious issue, media reports said.
JSW Steel secures MUFG funding for Australian coking coal mining company acquisition: Report
Sep 04, 2024, at 10:17 pm
Mumbai: JSW Steel Ltd, led by Sajjan Jindal, has secured financing from Japan's MUFG Group for its acquisition of a coking coal mining company in Australia, Moneycontrol reported.
Hacker behind $234-million WazirX crypto theft starts washing loot
Sep 04, 2024, at 10:13 pm
Bengaluru/IBNS: The hacker behind India’s worst crypto hack has started laundering some of the $234 million stolen in the incident from the WazirX exchange, acting the same day the platform briefed on efforts to recover funds, reports Bloomberg.
Best Fixed Deposit (FD) Strategies To Follow
Sep 04, 2024, at 10:05 pm
A Fixed Deposit is considered to be a low-risk investment product wherein one is guaranteed fixed rates of returns for a particular period. Moreover, investors interested in investing in bank FDs to accumulate wealth should analyse this specific financial instrument in detail. In this blog, we will discuss the various factors that affect Fixed Deposits and different strategies that you can take to ensure you get the best returns.
Volkswagen considers German plant closure for first time in 87-year history: Report
Sep 04, 2024, at 08:40 pm
Berlin/IBNS: German automaker Volkswagen is weighing whether to close plants in Germany for the first time in its 87-year history as the company moves to deepen cost cuts amid rising competition from China’s electric vehicle makers, reports CNN.
Investors lose Rs 3 lakh crore as Sensex tumbles 550 pts amid weak global cues
Sep 04, 2024, at 06:37 pm
Mumbai/IBNS: Following a fall in global markets amid resurfacing slowdown fears, Indian benchmark indices Sensex and Nifty traded lower in the early hours of Wednesday (Sept 4) amid renewed concerns over a US economic slowdown and caution ahead of key data that could influence the Federal Reserve's interest rate decision, while selling pressure was evident across all sectors, reports said.
Sep 04, 2024, at 06:32 am
New Delhi: The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, on Tuesday, granted Acceptance of Necessity (AoN) for 10 capital acquisition proposals worth Rs 1,44,716 crore.
Travel industry poised to add record $11.1 trillion to world's GDP in 2024
Sep 04, 2024, at 05:53 am
The world will spend an unprecedented amount of money on travel in 2024. According to the World Travel and Tourism Council (WTTC), $1 out of every $10 spent globally will go towards travel, as people eagerly book hotels, cruises, and flights, reported Reuters.
IIT-Bombay witnesses avg salary increase by 7.7% amid decline in student placements
Sep 04, 2024, at 05:03 am
Mumbai: Yet another placement season unfolded at the Indian Institutes of Technology (IITs) this year, bringing to light the growing competition the graduates have to face every year in campus job interviews.
UPI hits over 3,700 transactions per second, up 58% yearly
Sep 04, 2024, at 02:46 am
New Delhi: The Unified Payments Interface (UPI) has become the world's most popular alternative payment method, handling 3,729.1 transactions per second in 2023, media reports said.
Govt set to approve mega defence projects worth Rs 1.3 lakh cr for Army, Navy
Sep 03, 2024, at 11:02 pm
New Delhi: The government is set to approve several major defence projects, including the construction of seven advanced frigates for the Indian Navy and the Indian Army's plan to acquire 1,700 new tanks to replace its aging fleet of Russian-origin T-72 tanks, media reports said.
World Bank's latest report ups India's growth forecast for FY25 to 7 percent
Sep 03, 2024, at 10:12 pm
The World Bank on Tuesday upgraded India's growth forecast for the FY24/25 to seven percent, giving a boost to the country's financial journey.
Sep 03, 2024, at 06:40 pm
Mumbai/IBNS: Hours after Indian National Congress (INC) spokesperson Pawan Khera alleged that Securities and Exchange Board of India (SEBI) chair Madhabi Puri Buch had received Rs 16.8 crore from ICICI Group between FY18 and FY24, private sector lender ICICI Bank on Monday (Sept 2) denied paying salary or granting stock options to its former employee Buch.
Tata Motors launches Curvv, check out the price
Sep 03, 2024, at 12:48 am
Auto major Tata Motors on Monday announced the launch of Tata Curvv – The SUV Coupe, at a starting introductory price of Rs. 9.99 lakh.
PMI survey shows India's manufacturing activity growth hits three-month low of 57.5 in August
Sep 02, 2024, at 08:28 pm
New Delhi/IBNS: A monthly private-sector survey showed on Monday (Sept 2) that India's manufacturing activity growth eased to a three-month low in August 2024 as demand softened significantly, casting another shadow over the otherwise robust economic outlook.
Gujarat Gas shares skyrocket 14% after approving merger, demerger plan involving GSPC and GSPL
Sep 02, 2024, at 07:35 pm
Ahmedabad/IBNS: Shares of Gujarat Gas Limited (GGL) on Monday (Sept 2) surged 13.6 percent to its new all-time high of Rs 689.45 on BSE after the natural gas distribution company announced the restructuring of its group entities, including Gujarat State Petroleum Corporation (GSPC), Gujarat State Petronet Limited (GSPL), and Gujarat Gas, following which the brokerages have upgraded the stock's target price up to Rs 715.
Alto K10, S-Presso get cheaper as Maruti Suzuki cuts prices of select variants of entry-level models
Sep 02, 2024, at 06:50 pm
New Delhi/IBNS: Maruti Suzuki Alto-K10 and S-Presso are getting cheaper as India's largest carmaker on Monday (Sept 2) announced to slash prices of select variants of these two entry level models amid rising inventory concerns in the automobile industry and drop in sales.
Passenger vehicle sales decline in August for second straight month
Sep 02, 2024, at 06:20 pm
New Delhi/IBNS: Sales of passenger vehicles in the local market dropped for the second straight month in August 2024, on a high base, and with car manufacturers cutting down dispatches to rationalise stocks at dealerships, reports said.
New MSME credit assessment model for PSBs likely to be launched in March 2025: Report
Sep 02, 2024, at 05:15 pm
New Delhi/IBNS: The new micro, small and medium enterprise (MSME) credit assessment model, based on digital footprints for public sector banks (PSBS), is expected to be unveiled by the end of March next year (2025), Business Standard reported, citing sources in the know.
Sensex zooms past 82,600 during early trade
Sep 02, 2024, at 03:14 pm
Sensex zoomed past 82,600 point mark on Monday during early trading hours.
Vande Bharat sleeper trains: Know all about advanced safety and comfort features
Sep 02, 2024, at 12:37 am
New Delhi: The model of the sleeper version of the highly awaited Vande Bharat train was unveiled today, media reports said.
NHPC Limited accorded with ‘Navratna’ company status
Aug 31, 2024, at 10:02 pm
NHPC Limited has been accorded with the prestigious status of ‘Navratna’ company by the Government of India.
Quick commerce start-up Zepto raises $340 million at $5 billion valuation
Aug 31, 2024, at 09:57 pm
Bengaluru/IBNS: Indian quick commerce start-up Zepto has raised $340 million in a follow-on financing round led by General Catalyst, with Dragon Fund and Epiq Capital joining as new investors.
Vistara to operate its farewell flight on November 11 before merging into Air India
Aug 31, 2024, at 08:24 pm
New Delhi/IBNS: Vistara, a joint venture of Tata Sons Private Limited and Singapore Airlines Limited (SIA), has announced that it will operate in final flight on November 11, a day before officially merging into Air India.
FM Nirmala Sitharaman approves 'Navratna' status for four CPSEs
Aug 31, 2024, at 07:58 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Friday (August 30) approved the upgradation of four Central Public Sector Enterprises (CPSEs) to a Navratna status.