India eyes over 20% ethanol blending as push for cleaner energy gains momentum
Mar 02, 2025, at 05:25 pm
India is set to increase its ethanol blending target beyond 20% in a move that could significantly cut carbon emissions and reduce dependence on fossil fuel imports, Petroleum Minister Hardeep S Puri has said, PTI reported.
AI investment in India to outpace digital tech spending, drive $115 billion impact by 2027: Report
Mar 02, 2025, at 04:37 pm
New Delhi: Artificial Intelligence (AI) investment in India is projected to grow at 2.2 times the rate of overall digital technology spending over the next three years, generating an economic impact exceeding $115 billion by 2027, Times Now reported, citing a recent International Data Corporation (IDC) report.
NSE Indices unveils Nifty India Internet & E-Commerce Index to track digital economy stocks
Mar 02, 2025, at 03:53 pm
Mumbai: NSE Indices, a subsidiary of the National Stock Exchange (NSE), has introduced the Nifty India Internet & E-Commerce Index, a thematic benchmark designed to track companies primarily operating through online platforms, reported Moneycontrol.
Adani Group revives US investment plans despite $265 million bribery case: Report
Mar 02, 2025, at 03:00 pm
New York: The Adani Group is ready to invest big in the United States despite a $265 million bribery case pending in a New York court, media reports said.
'Whether 80 or 90 hr-week, Indians must work hard': Ex-NITI Aayog CEO Amitabh Kant
Mar 01, 2025, at 10:42 pm
New Delhi: India’s G20 Sherpa Amitabh Kant has weighed in on the work-life balance debate, asserting that India's ambition to become a $30 trillion economy demands a strong work ethic over a focus on leisure, media reports said.
Mar 01, 2025, at 12:00 am
New Delhi: Chief Economic Advisor V. Anantha Nageswaran has urged India's private sector to increase domestic investments as companies continue to expand abroad despite global uncertainties, according to a Mint report.
Citibank mistakenly transfers $81 trillion to customer instead of $280, transaction within hours
Feb 28, 2025, at 11:09 pm
Citibank mistakenly transferred $81 trillion (over Rs 7,000 lakh crore) to a client instead of $280 (approximately Rs 24,500) in April last year, Financial Times reported. The error was corrected within hours.
EPFO retains 8.25% interest rate on provident fund deposits for 2024-25
Feb 28, 2025, at 10:32 pm
New Delhi: The Employees' Provident Fund Organisation (EPFO) has decided to maintain the interest rate on employees' provident fund (EPF) deposits at 8.25% for the 2024-25 financial year, sources said on Friday.
India, EU set year-end deadline for free trade deal amid US tariff concerns
Feb 28, 2025, at 10:02 pm
New Delhi: India and the European Union (EU) have agreed to finalise a long-pending free trade agreement by the end of this year, marking the first time both sides have committed to a deadline for the negotiations, media reports said.
Core sector output rises 4.6% in Jan, lower than December’s 4.8% growth
Feb 28, 2025, at 08:18 pm
New Delhi: India’s eight key infrastructure sectors recorded a 4.6% growth in January 2025, up from 4.2% in the same month last year, according to official data released on Friday.
India’s GDP growth rebounds to 6.2% in Q3FY25, full-year forecast raised to 6.5%
Feb 28, 2025, at 07:33 pm
New Delhi: India’s real GDP grew by 6.2% in the third quarter (Q3) of FY25, Business Standard reported citing data released by the National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.
India needs 7.8% annual growth to achieve high-income status by 2047: World Bank
Feb 28, 2025, at 06:29 pm
New Delhi: India's economy must grow at an average annual rate of 7.8% over the coming decades to achieve high-income status, according to a World Bank report, reported Bloomberg.
Sensex drops by over 1400 points, Nifty amid weak global cues
Feb 28, 2025, at 05:29 pm
The Indian market ended in the red on Friday, with the BSE Sensex plunging by 1400 points while the Nifty dropped by 420 points, in line with the global market.
Indian Market bleeds red: Sensex down by over 1300 points, Nifty crashes by 401.55
Feb 28, 2025, at 01:34 pm
The Indian market is bleeding red, with both BSE Sensex and Nifty falling sharply on Friday.
Finance Secretary Tuhin Kanta Pandey appointed as new SEBI chief
Feb 28, 2025, at 12:47 am
New Delhi/IBNS: The Indian government Thursday appointed finance secretary Tuhin Kanta Pandey as the chief of the market regulator, Securities and Exchange Board of India (SEBI) replacing Madhabi Puri Buch.
Amid global headwinds, Indian economy shows some positives: NCAER Monthly Review
Feb 27, 2025, at 03:38 pm
New Delhi/IBNS: Even in the face of global headwinds, some of the high-frequency indicators of the Indian economy have turned more benign and the nascent turnaround is evident in indicators like Purchasing Managers’ Index for manufacturing, GST collections and non-EV and EV sales, according to the Monthly Economic Review for February released by the National Council of Applied Economic Research (NCAER).
Micromax ventures into solar panel manufacturing with China’s Jinchen: Report
Feb 26, 2025, at 11:51 pm
Mumbai: Micromax Informatics is entering the solar panel manufacturing sector with the launch of Startup Energy, a new venture in partnership with Chinese solar equipment maker Jinchen, media reports said.
Adani Power to acquire Vidarbha Industries Power, once owned by Anil Ambani
Feb 26, 2025, at 11:10 pm
Mumbai: Adani Power has received approval to acquire Vidarbha Industries Power Ltd (VIPL), a company that was previously owned by Anil Ambani’s Reliance Power, reported ET Now.
Nitin Gadkari announces Rs 55,000 cr infra projects for Assam, including underwater tunnel
Feb 26, 2025, at 10:52 pm
Guwahati: Union Minister of Road Transport and Highways Nitin Gadkari has unveiled a series of major infrastructure projects worth Rs 55,000 crore for Assam.
BP to boost oil and gas investment to $10 billion, slashes green spending
Feb 26, 2025, at 10:43 pm
BP announced on Wednesday that it will raise its annual oil and gas investment to $10 billion, reaffirming its focus on fossil fuels as part of CEO Murray Auchincloss' strategy to enhance returns and strengthen financial performance, Reuters reported.
Advantage Assam Summit: Star Cement to invest Rs 3,200 cr in Assam; multiple MoUs inked
Feb 26, 2025, at 08:19 pm
Guwahati: Star Cement Ltd has proposed to set up a Rs 3,200-crore cement clinker and grinding plant in Assam, The Economic Times reported.
Anand Mahindra reacts to data revealing AI already dominates internet traffic
Feb 26, 2025, at 06:29 pm
Mahindra Group Chairman Anand Mahindra, known for his sharp humour and dynamic social media presence, often shares thought-provoking and amusing insights that quickly gain traction online.
World Bank official says it will increase its financing to India
Feb 26, 2025, at 05:56 pm
World Bank Country Director for India Auguste Tano Kouame has said the institute will increase its financing to India.
Indian government, Paytm inks MoU to scale up manufacturing, fintech startup ecosystem
Feb 26, 2025, at 05:29 pm
The Indian government's Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Paytm (One97 Communications Limited) to foster innovation and accelerate the growth of manufacturing and fintech startups in India.
Navi Mumbai International Airport set for Apr 17 inauguration, domestic flights from May
Feb 26, 2025, at 05:14 pm
Mumbai: The Navi Mumbai International Airport (NMIA) is expected to be inaugurated on April 17, with domestic flight operations likely to begin in May, Business Standard reported, citing sources.
Indian government planning to introduce new 'universal pension scheme' for all citizens
Feb 26, 2025, at 03:19 pm
The Indian government is working to introduce a 'universal pension scheme' for people belonging to all sections of society, including those belonging to the unorganised sector, media reports said.
Adani Wilmar rebrands as AWL Agri Business to reflect agri-focused growth
Feb 25, 2025, at 11:10 pm
Adani Group’s FMCG arm, Adani Wilmar, has officially rebranded as AWL Agri Business Limited following shareholder approval, the company announced in a press release on Tuesday.
Unilever CEO Hein Schumacher ousted after 18 months, CFO Fernando Fernandez to take over
Feb 25, 2025, at 10:50 pm
Unilever surprised investors on Tuesday by abruptly replacing Chief Executive Hein Schumacher with Chief Financial Officer Fernando Fernandez, less than two years into Schumacher’s tenure, Reuters reported.
Tata Power to invest Rs 30,000 crore in Assam’s renewable energy push with 5000 MW projects
Feb 25, 2025, at 09:33 pm
Guwahati: Tata Power has inked a Memorandum of Understanding (MoU) with the Assam Government to tie up and support up to 5000 MW of renewable and clean energy projects comprising solar, wind, hydro and energy storage in the state with Rs 30000 crore investment over the next five years.
India may extend curbs on met coke imports to push local sourcing
Feb 25, 2025, at 07:52 pm
New Delhi: India is likely to extend restrictions on low-ash metallurgical coke (met coke) imports beyond June to push domestic steel mills to source the raw material locally, Reuters reported, citing sources.