Dec 18, 2024, at 12:08 am
Gurugram: Hyper-local e-commerce platform magicpin has entered the quick commerce space for food delivery with the launch of its 'magicNOW' brand, which will initially partner with over 2,000 food brands and 1,000 merchants, the company announced on Tuesday.
Dec 17, 2024, at 11:13 pm
New Delhi: Finance Minister Nirmala Sitharaman told the Lok Sabha on Tuesday that the government views the GDP growth slowdown in Q2FY25 as "a temporary blip" and expects improvement in the upcoming quarters.
Vedanta to pay Rs 3,324 cr in dividend for FY25
Dec 17, 2024, at 10:58 pm
Mumbai: Mining major Vedanta Ltd announced on Monday that its board has approved a fourth interim dividend of Rs 8.5 per equity share for FY25, amounting to Rs 3,324 crore, media reports said.
Sitharaman bats for capex over free cash transfers to boost consumption
Dec 17, 2024, at 09:53 pm
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday asserted that capital expenditure (capex) is a more effective way to boost consumption than simply “putting money in the hands of the people,” media reports said.
Gold purchases set to fall sharply in December after record sales in November: Report
Dec 17, 2024, at 09:37 pm
Mumbai: After gold purchases in India surged to record levels in November, a significant decline is expected in December due to the absence of major festivals and rising prices prompting buyers to postpone purchases, Reuters reported, citing trade and government officials.
Reliance NU Suntech bags 930 MW solar project, 465 MW battery projects from SECI
Dec 17, 2024, at 05:28 pm
New Delhi: Reliance Power on Tuesday said its subsidiary, Reliance NU Suntech, has secured a 930 MW solar project and a 465 MW battery energy storage system (BESS) from the Solar Energy Corporation of India (SECI).
Taiwanese laptop maker MSI starts manufacturing in India at Chennai unit
Dec 17, 2024, at 05:21 pm
Chennai: Taiwanese laptop manufacturer MSI announced on Tuesday the launch of its manufacturing operations in India at its first facility set up in Chennai.
'No concrete plans': ONGC rules out public listing of green energy arm
Dec 16, 2024, at 12:04 pm
Mumbai: Oil and Natural Gas Corporation (ONGC) has issued a clarification addressing speculation about the potential public listing of its subsidiary, ONGC Green Limited (OGL).
Dec 16, 2024, at 11:58 am
Kolkata: Infosys co-founder NR Narayana Murthy defended his ‘70-hour work week’ remark at an event in Kolkata, emphasizing its importance in making India a global leader, according to an NDTV report.
Govt unveils 'Jalvahak' scheme to bolster long-haul cargo movement via inland waterways
Dec 15, 2024, at 06:56 pm
Kolkata: The government on Sunday launched the ‘Jalvahak’ policy to promote long-haul cargo movement via inland waterways across the Ganga, Brahmaputra, and Barak rivers. Union Minister Sarbananda Sonowal unveiled the policy in Kolkata, where he flagged off cargo ships, including MV AAI, MV Homi Bhaba, and MV Trishul.
India’s per capita fruits and vegetables availability rises, but challenges persist: SBI report
Dec 15, 2024, at 12:06 am
New Delhi: Per capita availability of fruits and vegetables in India has increased by 7 kg and 12 kg, respectively, over the past decade, according to a State Bank of India (SBI) report.
Dec 14, 2024, at 02:02 am
New Delhi/IBNS: Following Supreme Court of India's ruling on the Nestle case in 2023, Switzerland has revoked the country's 'Most Favoured Nation' (MFN) status that was accorded to New Delhi under the Double Taxation Avoidance Agreement (DTAA) treaty.
Reliance Industries buys 74% stake in Navi Mumbai IIA for Rs 1,628.03 cr
Dec 13, 2024, at 11:52 pm
Mumbai: Reliance Industries Limited (RIL) said Friday it has acquired a 74% equity stake in Navi Mumbai IIA Private Limited (NMIIA) for Rs 1,628.03 crore, media reports said.
Dec 13, 2024, at 11:29 pm
New Delhi: India’s consumer protection body has issued notice to 17 companies accused of violating Consumer Protection (Direct Selling) Rules, 2021, the Ministry of Consumer Affairs said on Friday.
RBI green flags JP Morgan-backed fintech ISG to work as payment aggregator
Dec 13, 2024, at 09:37 pm
Mumbai: JP Morgan-backed fintech company In-Solutions Global (ISG) has secured full authorisation as a payment aggregator under the Reserve Bank of India's regulatory framework.
SpiceJet clears employee PF dues of Rs 160.07 cr
Dec 13, 2024, at 07:09 pm
New Delhi: SpiceJet has fully cleared its pending employee provident fund (PF) dues of Rs 160.07 crore, covering a period of two years, the airline said on Friday.
Nearly 97% of Indian villages covered with mobile connectivity: Govt
Dec 12, 2024, at 11:36 pm
New Delhi: Out of the 6,44,131 villages in India, as recorded by the Registrar General of India, approximately 6,22,840 villages now have mobile network coverage, with 6,14,564 of them equipped with 4G connectivity as of September 30, 2024.
India’s cumulative FDI inflow crosses $1 trillion
Dec 12, 2024, at 11:16 pm
New Delhi: India has achieved a significant milestone of surpassing $1 trillion in cumulative foreign direct investment (FDI) inflows since April 2000, driven by its enhanced global competitiveness, a robust innovation ecosystem, and an investor-friendly business environment, according to the commerce and industry ministry on Thursday.
Dec 12, 2024, at 11:08 pm
New Delhi: India and the European Union (EU) are working towards finalising a Free Trade Agreement (FTA) that balances ambition with mutual sensitivity, aiming to bolster economic ties and strengthen supply chain resilience, Commerce Minister Piyush Goyal said on Thursday.
Ashok Leyland subsidiary SWITCH Mobility launches EiV12 and E1 low floor electric city buses
Dec 12, 2024, at 10:40 pm
Mumbai: SWITCH Mobility Ltd, a subsidiary of Ashok Leyland and part of the Hinduja Group, and a leading manufacturer of electric buses and light commercial vehicles today unveiled its contemporary electric bus platform SWITCH EiV12 – the low-floor electric city bus for the Indian market.
Adani Group stocks surge, adding Rs 27,000 cr to investor wealth: Report
Dec 12, 2024, at 08:39 pm
New Delhi: Adani Group stocks witnessed a substantial rise, contributing nearly Rs 27,000 crore to investors' wealth as most shares gained in morning trade, media reports said.
India's retail inflation eases to 5.48% in November
Dec 12, 2024, at 08:32 pm
New Delhi: India's retail inflation moderated to 5.48% in November, retreating from October's breach of the Reserve Bank of India's (RBI) upper tolerance limit of 6%.
Coca-Cola sells stake in Jharkhand bottling factory to franchisee partner Moon Beverages
Dec 12, 2024, at 01:03 am
Ranchi: Hindustan Coca-Cola Beverages (HCCB), a subsidiary of Coca-Cola Company, has transferred its Jharkhand bottling operations to Moon Beverages Pvt Ltd, aligning with Coca-Cola’s global strategy of asset-light operations, The Economic Times reported.
Indian govt tightens wheat stock holding limits to curb rising prices
Dec 12, 2024, at 12:45 am
New Delhi: The Indian government on Wednesday further tightened stock-holding limits on wheat for traders and processors, aiming to curb hoarding and control rising prices.
India's total installed renewable energy capacity reaches 213.70 GW; solar grows by 30.2%
Dec 12, 2024, at 12:19 am
New Delhi: India’s renewable energy sector has made significant progress from November 2023 to November 2024, said the Ministry of New and Renewable Energy (MNRE) on Wednesday.
EPF subscribers to withdraw funds from ATMs starting next year
Dec 11, 2024, at 11:16 pm
New Delhi: The Labour Ministry is upgrading its IT systems to enable Employees' Provident Fund Organisation (EPFO) subscribers to withdraw funds directly from ATMs, Labour Secretary Sumita Dawra said on Wednesday, according to media reports.
TRAI implements message traceability norms to boost transparency, beat spammers
Dec 11, 2024, at 10:52 pm
New Delhi: The Telecom Regulatory Authority of India (TRAI) will implement its new message traceability norms starting Wednesday, media reports said.
Dec 11, 2024, at 09:08 pm
New Delhi: The Ministry of Labour & Employment is developing a scheme to extend benefits such as social security to gig and platform workers in India, according to media reports.
ADB lowers India's FY25 growth forecast to 6.5% from 7%
Dec 11, 2024, at 07:45 pm
New Delhi: The Asian Development Bank (ADB) on Wednesday revised its economic growth forecast for India, lowering it to 6.5% for the current financial year, down from the earlier estimate of 7%, media reports said.
Sanjay Malhotra takes charge as 26th RBI Governor
Dec 11, 2024, at 01:43 pm
Mumbai/IBNS: Sanjay Malhotra on Wednesday took charge as the 26th Governor of the Reserve Bank of India (RBI).