Indian economy continues growth dynamism, FY25 GDP may come close to 7.5 pct: NCAER
Jun 27, 2024, at 06:21 am
The latest monthly data released in June show resilience and growth dynamism of the Indian economy, according to the Monthly Economic Review released by National Council of Applied Economic Research (NCAER) on Wednesday.
Vodafone Idea buys spectrum worth Rs 3,510 cr to enhance overall network
Jun 27, 2024, at 06:00 am
New Delhi: Cash-strapped telecom operator Vodafone Idea has acquired spectrum worth Rs 3,510 crore to enhance its 4G network coverage and launch 5G services, the company announced on Wednesday.
Vodafone Idea in talks with Samsung for new 4G, 5G tech solutions
Jun 27, 2024, at 05:28 am
Mumbai: Vodafone Idea is in active discussions with Samsung about new technologies, including virtualized Radio Access Network (vRAN) solutions for their 4G and 5G networks, according to a company statement.
Jun 27, 2024, at 04:27 am
New Delhi: JSW Energy Limited on Wednesday said that its wholly-owned subsidiary JSW Neo Energy Limited has inked Power Purchase Agreements (PPAs) for wind and solar power generation projects with a combined capacity of 1,325 megawatts (MW).
SBI raises Rs 10,000 cr via infra bonds
Jun 27, 2024, at 04:19 am
Mumbai: The State Bank of India (SBI) has raised Rs 10,000 crore through 15-year infrastructure bonds to finance projects in sectors such as power and roads.
Bharti Airtel acquires 97 MHz of spectrum across 3 frequency bands worth Rs 6,857 cr for 20 yrs
Jun 27, 2024, at 04:10 am
New Delhi: Telecom giant Bharti Airtel has acquired 97 MHz of spectrum in the 900 MHz, 1800 MHz, and 2100 MHz frequency bands at an auction on Wednesday, costing Rs 6,857 crore.
Jun 26, 2024, at 10:22 pm
India is at the threshold of a major structural shift in its growth trajectory, moving towards 8 per cent GDP growth in a sustained manner, said RBI Governor Shaktikanta Das.
Punjab’s rooftop solar push struggles amid free power surge
Jun 26, 2024, at 08:13 pm
In a stark turn of events impacting Punjab’s energy trajectory, the state’s ambitious push towards renewable energy through rooftop solar installations has hit a snag. The Punjab government’s populist move to provide free electricity to agricultural and domestic sectors has inadvertently led to a decline in the adoption of rooftop solar systems among residential consumers.
Indian Market: BSE, Nifty touch all-time high
Jun 25, 2024, at 11:11 pm
The Indian Benchmark indices touched all-time high figure in Tuesday as BSE Sensex touched 52-week high of 78164.71.
India's January-March current account balance at 0.6% surplus riding on high service exports
Jun 25, 2024, at 02:03 am
Mumbai: India's current account balance recorded a surplus in the January-March quarter, driven largely by higher service exports and private transfer receipts, according to the Reserve Bank of India (RBI).
Britannia set to shut historic biscuit unit in Kolkata's Taratala, all permanent workers accept VRS
Jun 24, 2024, at 10:51 pm
Kolkata/IBNS: All permanent workers of Britannia Industries Limited's Taratala factory have accepted the Voluntary Retirement Scheme (VRS) as the food products company is all set to permanently close its historic biscuit production unit in Kolkata's Taratala, reports said.
We stood firm in face of adversity, Gautam Adani at AGM on Hindenburg storm of past year
Jun 24, 2024, at 10:12 pm
New Delhi/IBNS: Reacting to the attack by foreign shot-seller Hindenburg, Adani Enterprises Chairman Gautam Adani on Monday said the company fought to defend its integrity and reputation and came out stronger.
The Importance of Business Loans for Risk Management Introduction
Jun 24, 2024, at 06:03 pm
Being an entrepreneur in today’s world means you should primarily work towards mitigating risks of your business. Assessment of risks happens to be a primary criterion, therefore, as risks can affect your business performance.
GST Council tweaks rates for range of products and services
Jun 23, 2024, at 06:51 am
New Delhi: Union Finance Minister Nirmala Sitharaman presided over preliminary discussions with finance ministers from states and Union Territories to gather their perspectives ahead of the upcoming Budget.
Jun 22, 2024, at 07:36 pm
Mumbai/IBNS: Billdesk, Cred, PhonePe, and Infibeam Avenues are among the fintech companies that will be impacted by the latest regulation of the Reserve Bank of India (RBI) requiring credit card bill payments to be routed through the central bank's centralised billing network.
Google defers experiment to increase RMG apps on Play Store
Jun 22, 2024, at 05:44 am
Tech giant Google on Friday announced it is pausing its experiment to increase the number of real-money gaming (RMG) apps on its Play Store in countries without a central licensing framework, media reported.
1,500 Tata Steel workers in UK to go on indefinite strike from July
Jun 22, 2024, at 03:02 am
London: Around 1,500 Tata Steel workers in Britain will commence an indefinite strike on July 8 in response to the company's decision to shut down two blast furnaces and eliminate up to 2,800 jobs, Reuters reported citing the trade union Unite.
Deepak Parekh-backed Nephro Care India Ltd to raise around Rs 40 cr through its IPO on NSE Emerge
Jun 22, 2024, at 02:40 am
Kolkata: Deepak Parekh-backed multi-speciality healthcare provider in East India, Nephro Care India Limited (NCIL) is likely to raise around Rs 40 crore through the initial public offering (IPO) to fund its expansion plans.
Fintech company Pine Labs consider $1 bn IPO in India: Report
Jun 22, 2024, at 02:01 am
Mumbai: Pine Labs Pvt, an Asian digital payments provider supported by Peak XV Partners and Mastercard Inc., is reportedly considering raising about $1 billion through an initial public offering (IPO) in India, media reported.
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.