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).
SEBI proposes DigiLocker Integration to simplify claims on deceased investors' assets
Dec 10, 2024, at 10:50 pm
Mumbai: The Securities and Exchange Board of India (SEBI) has unveiled a proposal to use the DigiLocker platform for easing the process of claiming unclaimed assets belonging to deceased investors, media reports said.
Boeing resumes 737 MAX production after strike, targets recovery amid challenges
Dec 10, 2024, at 09:57 pm
Boeing has restarted production of its 737 MAX jetliner, its top-selling aircraft, after a seven-week strike by 33,000 factory workers, Reuters reported, citing sources familiar with the matter.
Reliance Power announces renewable energy subsidiary; appoints CEO & COO
Dec 10, 2024, at 09:40 pm
Mumbai: Reliance Power announced the launch of its renewable energy subsidiary, Reliance NU Energies, on Tuesday.
Amazon India to enter quick commerce with 15-minute delivery pilot in Bengaluru
Dec 10, 2024, at 07:37 pm
Bengaluru: Amazon India is preparing to launch a 15-minute delivery service in Bengaluru later this month, which will mark its entry into the rapidly growing quick commerce market, The Economic Times reported.
Equity inflow drops 14% to Rs 35,943.49 cr in Nov but AUM surges to Rs 68,08,101.16 crore: AMFI data
Dec 10, 2024, at 05:22 pm
Mumbai: Inflows into equity mutual funds dropped by 14% in November, declining to Rs 35,943.49 crore from Rs 41,886.69 crore in October, according to data released by the Association of Mutual Funds in India (AMFI) on Tuesday.
Revenue Secretary Sanjay Malhotra appointed as RBI Governor
Dec 09, 2024, at 10:30 pm
New Delhi/IBNS: Revenue Secretary Sanjay Malhotra has been appointed as the Governor of the Reserve Bank of India (RBI).
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Dec 07, 2024, at 05:04 am
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent.
JP Morgan gives 'overweight' rating to Adani Group bonds
Dec 07, 2024, at 03:17 am
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress, mdia reports said.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Dec 07, 2024, at 01:14 am
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Dec 06, 2024, at 11:30 pm
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Vodafone Idea to consider Rs 2,000 crore equity raise on December 9, eyes tariff adjustments
Dec 06, 2024, at 10:08 pm
Mumbai: Vodafone Idea announced it will consider raising up to Rs 2,000 crore through a preferential equity issuance to a promoter entity during a board meeting scheduled for Monday, December 9, media reports said.
RBI keeps repo rate unchanged at 6.5%, slashes CRR to 4 percent
Dec 06, 2024, at 04:47 pm
New Delhi/IBNS: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
Finance Minister Nirmala Sitharaman to start pre-Budget consultations
Dec 06, 2024, at 05:13 am
New Delhi: Finance Minister Nirmala Sitharaman will start pre-Budget consultations with various stakeholders on Friday as part of preparations for the Union Budget 2025-26.
RBI to announce key interest rate decision tomorrow morning as 3-day MPC ends
Dec 06, 2024, at 04:37 am
Mumbai: The Reserve Bank of India (RBI) is set to announce its interest rate decision on Friday morning following the conclusion of a three-day meeting of the Monetary Policy Committee (MPC), amid persistent inflation and sluggish GDP growth.
Dec 06, 2024, at 04:20 am
Procter & Gamble has revamped its supply chain for the ultra-thin stainless-steel strips used in its Gillette razors, shifting sourcing to India, Reuters reported.