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Thursday, 21 Nov 2024 | Refresh
21 Nov, 2024
COP29 in Crisis: Climate Finance Draft Rejected
Developing countries reject COP29 climate finance draft, demanding at least USD 1.3 trillion annually. Developed nations are pushing for a broader investment goal, drawing criticism.
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21 Nov, 2024
British Indian Peer Leads UK Trade Body
Lord Karan Bilimoria, founder of Cobra Beer, appointed chair of ICCUK, pushing for India-UK FTA. He calls for a deadline to finalize the deal, aiming to boost trade between the two nations.
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21 Nov, 2024
Cooperatives Key to Developed India: Haryana CM
Haryana CM Nayab Singh Saini emphasizes the crucial role of cooperatives in building a developed India, highlighting initiatives like new sugar mills, farmer support, and skill development programs.
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21 Nov, 2024
Powergrid to Renovate Crematoriums in Haryana
Powergrid will renovate crematoriums and graveyards in 658 villages across four Haryana districts under the Shivdham Yojana at an investment of Rs 50 crore.
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21 Nov, 2024
India to Enact Data Privacy Law, Encourages Data Flow
India is set to introduce a legal framework for data privacy, aiming to facilitate free data flow among trusted partners. The move encourages investment in technology and innovation.
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21 Nov, 2024
India Rejects Shift Away From Climate Finance at COP29
India has firmly rejected efforts by developed nations to prioritize emission reductions over climate finance for developing countries at COP29. It stressed that adequate financial support is crucial for combating climate change.
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21 Nov, 2024
IIT Bombay Launches Rs 100 Crore VC Fund for Deep Tech Startups
IIT Bombay's SINE plans to launch a Rs 100 crore VC fund to support deep tech startups and those in areas of national importance, aiming to scale up its support to 1,000 startups in the next 10 years.
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21 Nov, 2024
Honda Recalls CRF1100 Africa Twin for Throttle Issue
Honda Motorcycle & Scooter India is recalling certain CRF1100 Africa Twin units manufactured between February 2022 and October 2022 to address a potential throttle operation issue. The recall involves a free ECU software update at BigWing Topline dealerships.
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21 Nov, 2024
Himachal to Set Up Winery at Parala, Theog
Himachal Pradesh govt approves Rs 86 crore winery in Theog to boost horticulture, create jobs, and provide better prices for fruit growers.
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21 Nov, 2024
Zomato CEO: Paying for Job Not the Norm | Zomato Hiring Controversy
Zomato CEO Deepinder Goyal clarifies that paying Rs 20 lakh for a Chief of Staff role was a filter, not a requirement. He assures that the company will pay a market-rate salary after the first year and emphasizes the learning opportunity.
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21 Nov, 2024
Coal Mine Auction: ACC, NLC India, JSW Win 5 Blocks
ACC, NLC India, JSW Energy Utkal Ltd, Mineware Advisors Pvt Ltd, and Shreeji Nuravi Coal Mining and Trading Pvt Ltd won five coal mines in the 10th round of auction. The mines are located in Madhya Pradesh and Odisha, with total geological reserves of 2,630.77 million tonnes.
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21 Nov, 2024
India Shapes Global Climate Action | Environment Minister
India is actively shaping global climate mechanisms while ensuring its own developmental priorities are met, says Environment Minister Bhupendra Yadav at COP29 in Baku.
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21 Nov, 2024
FDI Liberalization & Smart Townships Boost India's Industrialization - DPIIT
DPIIT Secretary Amardeep Singh Bhatia highlights the government's focus on FDI liberalization, smart industrial townships and sector-specific parks to drive India's industrialization.
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21 Nov, 2024
DPIIT Approves Hinduja Group's Acquisition of Reliance Capital
The Department for Promotion of Industry and Internal Trade (DPIIT) has approved Hinduja Group's IIHL to acquire debt-ridden Reliance Capital Ltd (RCAP), paving the way for the resolution plan to move forward.
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21 Nov, 2024
Wilmington Trust Settles Sebi FPI Case for Rs 64.35 Lakh
Wilmington Trust Collective Investment Trust has paid Rs 64.35 lakh to settle a case with Sebi regarding alleged violations of foreign portfolio investor (FPI) norms. The company failed to inform Sebi of a change in its regulatory status and made purchases without a valid registration certificate.
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21 Nov, 2024
Tata Power & ADB Partner for $4.25 Billion Energy Projects
Tata Power and the Asian Development Bank (ADB) sign a pact to explore financing for energy projects worth USD 4.25 billion, focusing on clean energy and modernizing India's power infrastructure.
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21 Nov, 2024
India Needs $30 Billion for EV Charging Infrastructure: IESA
India's EV charging infrastructure needs $20-30 billion in investment to double its growth rate, says industry body IESA. The PM E-DRIVE scheme aims to accelerate EV adoption and charging infrastructure development.
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21 Nov, 2024
China Unveils Export Protection Measures Amid US Tariff Threat
China announces new policies to protect its exports from Trump's tariff threats, including export credit insurance, financing support, and visa-free entry expansion.
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21 Nov, 2024
Ascendion Launches AI Studio in Hyderabad - Driving AI Innovation
Ascendion opens its second AI studio in India, in Hyderabad, focusing on AI-powered software engineering services and fostering real-world solutions.
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21 Nov, 2024
COP29 Crisis: Climate Finance Draft Rejected
All countries reject climate finance draft at COP29, leaving the future of climate action uncertain. Developing nations demand USD 1.3 trillion annually, while developed countries struggle to agree on a funding target.
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21 Nov, 2024
SECI Denies Wrongdoing in Adani Case: CMD
SECI CMD R P Gupta denies any wrongdoing by the agency in the Adani bribery case, stating that the US prosecutors' indictment does not mention SECI's involvement.
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21 Nov, 2024
RBI, Maldives Sign Pact for Local Currency Use
The Reserve Bank of India (RBI) and the Maldives Monetary Authority signed an agreement to promote the use of local currencies for cross-border transactions, aiming to boost trade and financial integration.
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21 Nov, 2024
Synergy Marine Group Grows Vegetables on Ships Using AI | Agwa Tech
Synergy Marine Group is using AI technology from Agwa to grow fresh vegetables on its vessels, providing healthier food options and reducing food waste for crew.
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21 Nov, 2024
Bullion Rates Today: Gold, Silver Prices in India
Get the latest bullion rates for gold and silver in India. Find today's closing prices for standard gold, ornament gold, and silver.
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21 Nov, 2024
Gautam Adani Faces Bribery Charges: A Look at His Rise & Controversies
Gautam Adani, India's richest man, faces US charges of bribery and fraud. Learn about his journey from a diamond sorter to building a massive empire and the controversies he faced along the way.
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21 Nov, 2024
RBI Guv: Price Stability Key to Growth - News
RBI Governor Shaktikanta Das emphasizes price stability as crucial for sustained growth, highlighting the central bank's commitment to bringing inflation down to 4% sustainably. He also discusses challenges faced by central banks in a globally uncertain environment.
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21 Nov, 2024
NTPC Green IPO Subscribed 93% on Day 2: Details
NTPC Green Energy IPO gets subscribed 93% on the second day of bidding. The share sale received bids for 54,96,35,370 shares against 59,31,67,575 shares on offer.
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21 Nov, 2024
Hoax Bomb Calls to Airlines Reduced: Official
Hoax bomb calls to airlines have reduced, says a senior government official, following successful security measures and streamlined procedures for fog-related disruptions.
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21 Nov, 2024
Navin's Enters Bengaluru Real Estate with Antheia Poetry
Navin's, a Chennai-based real estate developer, has launched its first project in Bengaluru, 'Antheia Poetry,' offering 42 luxurious condominiums at Dollars Colony, Bannerghatta Road. The project is targeted at home buyers seeking high-end lifestyles and is expected to be completed by early 2028.
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21 Nov, 2024
Bihar Business Connect 2024: 80+ Countries to Attend
The 2nd edition of Bihar Business Connect will be held on December 19-20, 2024 in Patna, attracting participants from over 80 countries and aiming to attract investments in key sectors.
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21 Nov, 2024
Indian Market Slumps: Investors Lose Rs 5.27 Lakh Cr
Indian stock markets plunged on Thursday, with investors losing Rs 5.27 lakh crore, triggered by a sharp decline in Adani group stocks after bribery charges against Gautam Adani by US prosecutors. The BSE Sensex fell by 0.54%, while the market capitalization of BSE-listed firms eroded by Rs...
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21 Nov, 2024
Jio, Airtel, VIL Lose Subscribers in September; BSNL Gains
Reliance Jio, Airtel and Vodafone Idea lost over 1 crore mobile subscribers in September, while BSNL gained almost 8.5 lakh users, according to TRAI data. The decline comes after a recent tariff hike by the private telcos.
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21 Nov, 2024
Provident Housing Launches New Project in Chennai
Provident Housing Ltd unveils Provident Bayscape, a new residential project in Chennai featuring 676 units across 5.35 acres. Learn more about the project's features and location.
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21 Nov, 2024
Gold Price Surges Rs 1,400 to Rs 79,300/10gm - News
Gold prices jumped Rs 1,400 to Rs 79,300 per 10 grams in India due to fresh buying by jewellers and retailers, driven by geopolitical tensions and safe-haven demand. Silver remained flat.
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21 Nov, 2024
COP29: UN Climate Chief Warns of Failure, Calls for Finance Deal
UN climate chief Simon Stiell warns of dire consequences if nations fail to agree on a finance goal for climate action in developing countries at COP29. Negotiators are racing against time to reach a deal.
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21 Nov, 2024
Sebi Abolishes 1% Security Deposit for Public Issues
Sebi has abolished the mandatory 1% security deposit requirement for public issues, aiming to ease business for issuer companies. The move comes after a consultation paper proposing its removal due to existing safeguards like ASBA and UPI payments.
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21 Nov, 2024
EPFO UAN Activation Mandatory for ELI Scheme Benefits
The Ministry of Labour & Employment has directed EPFO to ensure all employee UANs are active to avail benefits of the Employment Linked Incentive (ELI) Scheme. Learn more about the UAN activation process and its benefits.
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21 Nov, 2024
CEA: Weak Currency No Substitute for Productivity - India Inc Advised
India's Chief Economic Advisor urges businesses to focus on productivity and R&D instead of relying on a weak currency to boost exports, highlighting China's success through domestic growth.
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21 Nov, 2024
Israel Aims for 10,000 Indian Tourists in 2024
Despite ongoing unrest in the Middle East, Israel is targeting 10,000 Indian tourists in 2024 and plans to launch an e-visa program to boost travel.
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21 Nov, 2024
Cybersecurity Budget to Rise in India: PwC Report
93% of Indian executives expect increased cybersecurity budgets in 2024, driven by growing cyber threats and regulatory pressure, according to a PwC report.
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21 Nov, 2024
PM to Launch 'UN International Year of Cooperatives 2025' at Global Conference
Prime Minister Narendra Modi will launch 'United Nations International Year of Cooperatives 2025' at the International Cooperative Alliance's global conference in New Delhi on November 25.
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21 Nov, 2024
Ashok Leyland Expands Retail Footprint in West Bengal
Ashok Leyland has opened a new light commercial vehicle dealership in Siliguri, West Bengal, expanding its reach in the eastern region. The new facility adds to the company's over 800 touch points across India.
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21 Nov, 2024
Gender Equality: UN Official Highlights Challenges | Bangkok News
A UN official warns that despite progress, gender stereotypes and unequal power relations continue to hinder gender equality, citing alarming statistics on violence against women and persistent disparities in education and employment.
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21 Nov, 2024
Sebi Amends AIF Rules: Investors Get Pro-rata Rights
Sebi has amended AIF rules, ensuring investors have pro-rata rights in investments and proceeds distribution. This clarifies the regulatory intent of AIFs as pooled investment vehicles and promotes fair treatment of investors.
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21 Nov, 2024
Sensex, Nifty Tumble on Adani Charges, US Bribery Allegations
Indian stock markets fell sharply as Adani group stocks nosedived after Gautam Adani was charged with bribery and fraud in the US. Sensex and Nifty tumbled, impacted by foreign fund outflows and weak global trends.
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21 Nov, 2024
Rupee Hits All-Time Low: 84.50 Against US Dollar
The Indian rupee depreciated to an all-time low of 84.50 against the US dollar on Thursday due to factors like rising crude oil prices, geopolitical tensions, and FII outflows.
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21 Nov, 2024
CIL to Supply Coal Beyond Normative Requirement
Coal India Limited (CIL) will now supply coal beyond the normative requirement to non-regulated sector customers, including steel, in long-term linkage auctions.
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21 Nov, 2024
Nandini Milk Enters Delhi-NCR, Undercuts Competitors
Karnataka Milk Federation's Nandini brand launches in Delhi-NCR, offering competitive pricing on milk and dairy products.
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21 Nov, 2024
India Solar Installations Surge 167% in 2024: Mercom
India's solar capacity reached 16.4 GW in Jan-Sep 2024, a 167% rise year-on-year, driven by delayed project commissioning, according to Mercom Capital.
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21 Nov, 2024
Goyal Urges Industry to Utilize Rs 1 Lakh Crore ANRF Fund for Innovation
Commerce Minister Piyush Goyal calls on Indian industry to leverage the Rs 1 lakh crore ANRF fund to foster innovation and create a research-based ecosystem in India.
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21 Nov, 2024
COP29 Climate Finance Draft: Key Issues Remain
A draft climate finance package for developing countries has been released at COP29, but key issues like funding amounts and sources remain unresolved. Negotiators face a tight deadline to reach an agreement.
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21 Nov, 2024
BEML Wins Rs 246.78 Crore Truck Order from CCL
BEML has secured a Rs 246.78 crore order from Central Coalfields Ltd (CCL) for the supply of 48 rear dump trucks for mining operations. The order includes spares and after-sales service support.
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21 Nov, 2024
Hyundai Motor India to Build Renewable Energy Plants in Chennai
Hyundai Motor India will set up two renewable energy plants in Chennai to achieve its goal of 100% renewable electricity by 2025, in partnership with Fourth Partner Energy. This will increase the company's renewable energy portfolio and reduce its carbon footprint.
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21 Nov, 2024
Aluminium Futures Rise on Fresh Bets - PTI
Aluminium prices climbed 15 paise to Rs 243.80 per kilogram on Thursday, driven by increased speculation and demand from consuming industries.
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21 Nov, 2024
Crude Oil Futures Rise on Spot Demand - PTI
Crude oil futures gained Rs 6 to Rs 5,834 per barrel on Thursday, driven by increased positions and firm spot demand. West Texas Intermediate and Brent crude also rose globally.
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21 Nov, 2024
Silver Futures Surge on Spot Demand - PTI
Silver prices in India jumped on Thursday, driven by increased participant bets and fresh position building. Global silver prices also rose.
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21 Nov, 2024
Gold Futures Surge: Prices Rise to Rs 76,276/10g
Gold futures prices climbed by Rs 242 to Rs 76,276 per 10 grams in India, driven by strong spot demand and increased positions by traders. Globally, gold futures also rose in New York.
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21 Nov, 2024
Moody's Downgrades Adani Group After Bribery Charges
Moody's has downgraded Adani Group's credit rating after Gautam Adani was indicted on bribery charges. The ratings agency will focus on the group's access to capital and governance practices.
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21 Nov, 2024
Belrise Industries Files for Rs 2,150 Crore IPO - Auto Component Maker
Belrise Industries, an Indian automotive component maker, has filed for an IPO to raise Rs 2,150 crore. The company plans to use the proceeds to pay down debt. Belrise supplies components to major OEMs including Bajaj Auto, Honda, Hero MotoCorp, Jaguar Land Rover, and Royal Enfield.
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21 Nov, 2024
India's Airline Fleet to Reach 1,400 Planes in 5 Years
India's domestic airline fleet is set to grow significantly, reaching 1,400 planes in the next five years, fueled by strong demand and new orders. Learn more about the growth of India's aviation sector.
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21 Nov, 2024
Karnataka CM Seeks Higher Farm Loans: Meets Sitharaman
Karnataka CM Siddaramaiah met Union Finance Minister Nirmala Sitharaman to request an increase in the short-term agricultural loan limit for 2024-25. The state aims to disburse Rs 25,000 crore to farmers.
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21 Nov, 2024
Steelmakers Need Collaboration for Global Competitiveness: Minister
India's steel minister calls for collaboration between steelmakers and IISc, IITs for research to create a globally competitive and technologically-advanced steel industry. The focus is on specialty steel and sustainable production.
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21 Nov, 2024
COP29 Climate Finance Draft: Key Issues Remain
COP29 draft climate finance package for developing countries faces major sticking points, including the amount of funding developed countries are willing to provide. Negotiators have less than two days to reach an agreement.
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21 Nov, 2024
Adani Green Cancels Bond Sale After Bribery Charges
Adani Green Energy scrapped a USD 600 million bond issue after its promoter, Gautam Adani, was charged in an alleged bribery case in the US. The firm had tried to sell a similar offering a month ago but postponed the deal after some investors pushed back on pricing.
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21 Nov, 2024
Adani Group Stocks Plunge 20% on Bribery Charges
Adani group stocks nosedived on Thursday after US prosecutors charged Gautam Adani with bribery in a scheme to secure solar contracts in India. Adani Enterprises and Adani Energy Solutions tanked 20%.
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21 Nov, 2024
Khan Market: 22nd Most Expensive Retail Location Globally
Delhi's Khan Market retains its position as India's most expensive high street, ranking 22nd globally with an annual rent of USD 229 per sq ft. Read about the latest retail trends and global rankings from Cushman & Wakefield.
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21 Nov, 2024
Signature Global Exceeds Rs 10,000 Crore Sales Target
Signature Global, a leading real estate firm, is on track to surpass its Rs 10,000 crore sales bookings target for FY25 on strong housing demand in Gurugram. The company achieved Rs 5,900 crore in sales bookings during the first half of the fiscal.
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21 Nov, 2024
Sensex, Nifty Fall: Adani Stocks Crack, FIIs Sell - Stock Market News
Indian stock markets opened lower on Thursday with the Sensex and Nifty tumbling, driven by Adani group stocks' decline and continued foreign fund outflows. Learn more.
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21 Nov, 2024
Gautam Adani Charged with Bribery & Fraud: USD 250 Million Scheme
Billionaire Gautam Adani faces US charges of paying USD 250 million in bribes to Indian officials for solar contracts. The scheme allegedly involved Adani Group's nephew and former CEO.
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20 Nov, 2024
COP29: Developing Nations Demand USD 900 Billion Climate Finance
Developing countries demand up to USD 900 billion in public climate finance at COP29, criticizing the EU's proposed USD 200-300 billion target as insufficient. The negotiations remain tense as developed and developing nations clash over funding.
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20 Nov, 2024
IBBI Proposes Mandatory Monitoring Committees for IBC Resolution Plans
IBBI proposes mandatory monitoring committees for resolution plans under the Insolvency and Bankruptcy Code (IBC) to ensure smooth implementation and bolster confidence in the process. The move follows a Supreme Court judgment highlighting the need for statutory recognition of such committees.
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20 Nov, 2024
SC Ruling: Tax Credits for Telecom Infrastructure - COAI
Supreme Court grants telecom companies the right to claim tax credits on infrastructure duties, reducing financial burden and aiding compliances.
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20 Nov, 2024
Zomato CEO Asks Chief of Staff Candidates to Pay Rs 20 Lakh
Zomato CEO Deepinder Goyal is looking for a Chief of Staff and asks candidates to pay Rs 20 lakh for the first year, which will be donated to Feeding India. The company will contribute Rs 50 lakh to a charity of the candidate's choice.
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20 Nov, 2024
Social Media Cos Expected to Remove Violating Content: IT Secy
India's IT Secretary expects social media companies to swiftly remove content that violates rules, including misinformation. He notes that intermediaries have understood the legal framework but calls for faster action in sensitive situations.
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20 Nov, 2024
UP's Solar-Powered Jal Jeevan Mission: A Model for India
Uttar Pradesh's innovative use of solar energy in its Jal Jeevan Mission projects will be showcased at the Regional Conference on Good Governance in Raipur, Chhattisgarh. Learn how UP's solar initiative is being emulated by other states.
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20 Nov, 2024
India, Russia Raise WTO Concerns Over Plastic Trade Rules
India and Russia have expressed concerns about potential conflicts between future global rules on plastic trade and WTO norms, highlighting the impact on plastic exports.
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20 Nov, 2024
Private Consumption Drives India's Economic Growth: RBI Bulletin
RBI Bulletin highlights robust private consumption, driven by festive spending, leading to a positive economic outlook for India. Strong agriculture and services sectors also contribute to growth.
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20 Nov, 2024
COP29: Climate Finance Stalemate Threatens UN Talks
Negotiations at COP29 face a critical 48 hours as rich and poor nations remain divided over climate finance, threatening to derail progress on key climate goals.
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20 Nov, 2024
NLC Donates Rs 1 Crore to Kerala Disaster Relief Fund
NLC India Ltd has contributed Rs 1 crore to the Kerala Disaster Mitigation Fund to support restoration and rehabilitation efforts following recent floods and landslides.
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20 Nov, 2024
Odisha CM Seeks Diaspora Support for Global Outreach
Odisha Chief Minister Mohan Charan Majhi emphasizes the importance of Odia diaspora engagement for strengthening the state's global outreach during his Singapore visit.
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20 Nov, 2024
Insurtech Funding Reaches USD 2.5 Billion in India: Report
India's insurtech sector has attracted USD 2.5 billion in funding, with growth expected to continue. The report highlights opportunities for innovation in underwriting, claims, and servicing.
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20 Nov, 2024
Powergrid Acquires Khavda V A Power Transmission Project
Powergrid has acquired the Khavda V A Power Transmission project, the first HVDC project awarded through tariff-based competitive bidding. The project, with an estimated cost of Rs 24,819 crore, is part of a scheme to evacuate 8 GW of renewable energy from Gujarat.
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20 Nov, 2024
Vajram Electric Raises USD 5 Million for EV Expansion
Vajram Electric, an arm of eBikeGo, secures USD 5 million in equity to expand production, modernize infrastructure, and enter contract manufacturing for other EV makers.
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20 Nov, 2024
DPIIT Finalizes Model City Logistics Plans for Delhi, Bengaluru
The DPIIT has finalized model city logistics plans (CLPs) for Delhi and Bengaluru to enhance urban freight efficiency and reduce logistics costs, promoting sustainable urban development.
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20 Nov, 2024
India Needs $120 Billion for 300 Million Tonne Steel Target by 2030
India requires USD 120 billion investment to achieve a 300 million tonne steel-making capacity by 2030, according to Steel Secretary Sandeep Poundrik. The country's steel demand is rising and could lead to net imports if capacity additions don't keep pace.
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20 Nov, 2024
Aviation Minister Reviews Fog Preparedness, Asks Airlines to Inform Passengers on Delays
India's aviation minister held a meeting with stakeholders to discuss fog preparedness. Airlines are asked to inform passengers about flight delays and ensure check-in counters are fully staffed.
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20 Nov, 2024
India Services Exports to Surpass Merchandise by 2030: GTRI
India's services sector is projected to overtake merchandise exports by 2030, reaching USD 618 billion, driven by strong growth in software, IT, and Other Business Services (OBS).
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20 Nov, 2024
Rs 1 Lakh Cr R''D Fund for Private Sector Soon - Economic Affairs Secy
India's government is set to operationalize a Rs 1 lakh crore fund for private sector R''D in the coming months, aiming to boost innovation and commercialization.
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20 Nov, 2024
Govt Expedites Chinese Technician Visas for PLI Firms
India's government has taken steps to expedite visas for Chinese technicians working in PLI scheme companies, addressing delays and providing relief to firms. The initiative has seen significant improvements in visa processing times, with a dedicated portal streamlining the process.
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20 Nov, 2024
Rajasthan's Clean Energy Policy 2024: Focus on Non-Renewables
Rajasthan to unveil its Clean Energy Policy 2024, emphasizing non-renewable sources and attracting investment in renewable energy projects like solar, wind, and green hydrogen. The policy aims to make Rajasthan energy self-sufficient and meet power demands across the region.
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20 Nov, 2024
Torrent Group's Annual Art Festival Begins Nov 21
Torrent Group's 15-day Abhivyakti art festival starts Nov 21 with 140 performances, including dance, music, theater, and visual art installations.
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20 Nov, 2024
Govt Revises PLI Scheme for PSB Executives
The Indian government has revised the performance-linked incentive scheme for public sector bank executives, focusing on RoA, NPAs and governance. Learn about the new criteria and eligibility for PLI.
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20 Nov, 2024
Bullion Rates Today: Gold, Silver Prices in Bengaluru
Check today's gold and silver prices in Bengaluru. Get the latest bullion rates for standard gold, ornament gold, and silver spot.
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20 Nov, 2024
Steel Imports from FTA Countries Negates Duty Hike: Steel Secretary
India's Steel Secretary says a duty hike on steel imports will be ineffective due to high imports from FTA countries at zero duty. He acknowledges the problem of cheap steel imports impacting domestic industry.
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20 Nov, 2024
GNFC & INEOS to Build Acetic Acid Plant in India
GNFC and INEOS Acetyls International will form a 50:50 joint venture to build and operate a world-scale acetic acid facility in India, boosting domestic production.
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20 Nov, 2024
PM GatiShakti: 228 Infra Projects Worth Rs 15.89 Lakh Crore Approved
PM GatiShakti has approved 228 infrastructure projects worth Rs 15.89 lakh crore, covering roads, railways, urban development, and more. The initiative aims to reduce logistics costs and improve infrastructure planning.
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20 Nov, 2024
Gold Price Drops Rs 150, Silver Down Rs 500 - Latest News
Gold prices fell Rs 150 to Rs 77,900 per 10 grams in Delhi on Wednesday, while silver declined Rs 500 to Rs 93,000 per kg due to weak international market trends and lower demand.
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20 Nov, 2024
Japan Quality Agency to Test Indian Steel Products | NTH Chennai Visit
Japan Quality Assurance Organization (JQA) expressed interest in testing Indian steel products, potentially leading to JIS certification and boosting exports to Japan.
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20 Nov, 2024
Dairy Startup Doodhvale Farms Raises USD 3 Million
Doodhvale Farms, a dairy startup, secures USD 3 million in funding to expand its operations and enhance its commitment to delivering fresh dairy products.
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20 Nov, 2024
BEML Wins Rs 246.78 Crore Order from CCL - Mining Trucks
BEML Limited secures a Rs 246.78 crore order from CCL for the supply of 48 BH60M Rear Dump Trucks, enhancing its mining solutions portfolio.
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20 Nov, 2024
Delhi Solar Portal: Become a Prosumer & Save on Electricity
Delhi launches a new solar portal to make it easier for residents to install rooftop solar panels and become 'prosumers', saving money on electricity bills.
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20 Nov, 2024
Apple India Profit Surges 23% to Rs 2,746 cr in FY24
Apple India's net profit rose 23% to Rs 2,746 cr in FY24, driven by a 36% increase in revenue to Rs 67,152 cr. Read more about Apple India's financial performance.
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20 Nov, 2024
Air Quality Info on Google Maps: AI-Powered Air View+
Google Maps now offers hyperlocal air quality information in India powered by AI-powered Air View+, an ecosystem-based solution with real-time data from local climate tech firms.
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20 Nov, 2024
India's Economic Growth May Slow in Q2, But No Downside Risk: DEA
India's economic growth may have slowed in Q2, but Economic Affairs Secretary Ajay Seth says there is no significant downside risk to the 6.5-7 per cent growth projection for FY25. Despite some slowdown in goods and services, e-way bill and e-invoice data indicate a strong outlook.
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20 Nov, 2024
Parle Agro Revenue & Profit Drop in FY24
Parle Agro, known for brands like Frooti and Appy, reported a significant decline in revenue and profit for FY24. Read more about the financial performance of the beverage company.
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20 Nov, 2024
LatentView Appoints Remadevi Thottathil as CHRO
LatentView Analytics has appointed Remadevi Thottathil as its Chief Human Resources Officer (CHRO), bringing over two decades of experience in talent management and leadership.
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20 Nov, 2024
Cipla Recalls Generic Drug in US: Broken Tablets - FDA
Cipla is recalling over 1,800 boxes of Lanthanum Carbonate chewable tablets in the US due to reports of broken tablets. The recall, classified as Class II, affects the medication used for high phosphate levels in the blood.
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20 Nov, 2024
India Remains Top 10 Climate Performer Despite Drop: Report
India ranked 10th in the Climate Change Performance Index (CCPI 2025) despite dropping two spots, attributed to its low per capita emissions and renewable energy growth.
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20 Nov, 2024
CCI Chief on New Competition Law: Optimal Regulatory Balance
CCI Chairperson Ravneet Kaur explains how new rules under amended competition law aim to achieve optimal regulatory balance and provide legal certainty to stakeholders.
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20 Nov, 2024
Bitcoin & Cryptocurrencies Not Legal in India - Latest Updates
Learn about the legal status of Bitcoin and cryptocurrencies in India. Explore the RBI's stance, government regulations, and the future of crypto in the country.
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20 Nov, 2024
C2C Advanced Systems IPO Opens Nov 22, Price Band Rs 214-226
C2C Advanced Systems IPO opens on Nov 22 with a price band of Rs 214-226 per share. The IPO aims to raise over Rs 99 crore for expansion.
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20 Nov, 2024
Karnataka Offers Support to Investors, Hosts GIM in Feb - CM Siddaramaiah
Karnataka CM Siddaramaiah assures investors of full support, highlighting state's industry-friendly environment and talent pool. Global Investors' Meet (GIM) scheduled for Feb 2024.
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20 Nov, 2024
SECI & H2Global Stiftung Partner for Green Hydrogen
SECI & H2Global Stiftung signed an MoU to promote green hydrogen initiatives, aiming to boost knowledge exchange and create a global hydrogen market.
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20 Nov, 2024
Vedanta Aluminium Signs Gas Supply Pact with GAIL
Vedanta Aluminium partners with GAIL Gas Ltd for natural gas supply to its Jharsuguda smelter, aiming to reduce carbon emissions and achieve net zero by 2050.
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20 Nov, 2024
Adani Energy Acquires Pune-III Transmission: 100% Stake
Adani Energy Solutions Ltd. acquires 100% stake in Pune-III Transmission Ltd., a project special purpose vehicle, to facilitate renewable energy evacuation.
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20 Nov, 2024
Vedanta's CSR Arm Invests Rs 437 Cr in FY24
Vedanta's CSR arm, Anil Agarwal Foundation (AAF), invested Rs 437 crore in FY24, focusing on education, healthcare, women and child development, and more.
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20 Nov, 2024
Nokia Wins Multi-Billion 5G Deal from Airtel in India
Nokia secures a multi-year, multi-billion contract from Bharti Airtel for 4G and 5G network deployment across India, strengthening its position in the country's telecom market.
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20 Nov, 2024
Datta Power Infra to Invest Rs 5,000 cr in Rajasthan
Datta Power Infra signs an MoU with Rajasthan to invest Rs 5,000 crore in renewable energy, including solar, wind, and hybrid projects, creating jobs in the state.
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20 Nov, 2024
Innov8 Raises Rs 100 Crore for Expansion
Coworking startup Innov8 plans to raise Rs 100 crore in primary funding to fuel expansion plans, including acquisitions, technology upgrades, and new locations.
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20 Nov, 2024
Odisha CM Invites Singapore President for Paradeep Port Development
Odisha CM Mohan Charan Majhi invited Singapore President Tharman Shanmugaratnam to visit the state in January 2025. The visit aims to adopt Singapore's petrochemical industry and port models for Paradeep Port development.
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20 Nov, 2024
Paper && Paperboard Imports Surge in FY25 | IPMA
Paper and paperboard imports rose 3.5% in Apr-Sep FY25, driven by China. IPMA highlights concerns over rising imports impacting domestic manufacturers.
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20 Nov, 2024
India, Australia Seal Clean Energy Pact, Push for Trade Deal
India and Australia strengthen ties with a renewable energy partnership and a push for a comprehensive trade deal, focusing on defence, security, and economic cooperation.
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20 Nov, 2024
RBI Governor Das, Industry Leaders Vote in Maharashtra Elections
Reserve Bank Governor Shaktikanta Das, HDFC's Deepak Parekh, Tata Sons' N Chandrasekaran and other industry leaders cast their votes in Mumbai for the Maharashtra Assembly elections. They urged citizens to exercise their franchise.
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20 Nov, 2024
Sula Vineyards CEO: Urban Demand Slowdown a Blip?
Sula Vineyards CEO Rajeev Samant believes the slowdown in urban discretionary demand is temporary, citing rising inflation and cost of living. The company saw a revenue decline in Q2, but remains optimistic about the second half of the year.
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20 Nov, 2024
Indian Real Estate Equity Investments to Hit Record USD 11 Billion in 2024: CII-CBRE
Equity investments in Indian real estate are projected to reach a record USD 11 billion in 2024, driven by strong demand and investor confidence, according to CII and CBRE.
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20 Nov, 2024
PDS Digitization: 5.8 Crore Fake Ration Cards Eliminated - Govt
India's Public Distribution System (PDS) has been transformed through digitization, eliminating 5.8 crore fake ration cards and setting a global benchmark for food security programs.
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20 Nov, 2024
Coal Import Drops: Non-Regulated Sectors & Thermal Plants Rely on Domestic Supplies
India's coal import by non-regulated sectors and domestic thermal power plants decreased in April-September 2024, indicating reliance on domestic supplies. However, coking coal import rose to support steel production.
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20 Nov, 2024
CIEL HR IPO: Rs 335 Crore Fresh Issue - Sebi Filing
CIEL HR Services files draft IPO papers with Sebi, aiming to raise Rs 335 crore via fresh issue. The IPO includes an offer for sale by promoters. Learn more.
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20 Nov, 2024
Sterlite Power Completes Goa-Tamnar Transmission Project
Sterlite Power completes Goa-Tamnar Transmission Project, bringing Goa's first 400 kV GIS substation live and enhancing power supply to South Goa.
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20 Nov, 2024
Karnataka Attracts Rs 46,375 Crore Investments, Creates 27,170 Jobs
Karnataka CM Siddaramaiah announced that the state has signed 21 MoUs, attracting Rs 46,375 crore investments and generating 27,170 jobs, highlighting the state's commitment to economic development and green technologies.
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20 Nov, 2024
THDCIL's 1,000-MW Hydro Plant in Uttarakhand: First Unit to Start in a Week
THDCIL's 250-MW unit, part of a 1,000-MW pumped storage power plant at Tehri in Uttarakhand, is expected to begin operation within a week. The company aims to start power generation from all four units by 2025.
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20 Nov, 2024
Karnataka CM Seeks FM Meeting on NABARD Loan Reduction
Karnataka Chief Minister Siddaramaiah has requested a meeting with Finance Minister Nirmala Sitharaman to discuss a significant reduction in NABARD loans to the state this year.
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20 Nov, 2024
Raheja Developers Challenges Insolvency Over Shilas Project
Raheja Developers has appealed to the NCLAT against the initiation of insolvency proceedings over delays in its Gurugram-based Shilas project, citing force majeure and the project's complexity.
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20 Nov, 2024
ReNew Energy Profit Jumps 31% in Q2 to Rs 440 Crore
ReNew Energy Global Plc reported a 31% rise in net profit to Rs 493.9 crore in the September 2024 quarter, driven by higher income. The company's total income also increased during the period.
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20 Nov, 2024
India-UK FTA Talks Resume: Bridging Gaps for Deal
India and UK will resume FTA talks in 2024, aiming to bridge remaining differences and conclude a deal expeditiously. Both sides seek mutually beneficial outcomes, focusing on trade in goods and services, investments, and skilled professional access.
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20 Nov, 2024
India's GDP Growth to Slip to 6.5% in Q2 FY25: Icra
Icra forecasts India's GDP growth to slow to 6.5% in Q2 FY25 due to heavy rains and weak corporate performance, but maintains FY25 estimate at 7%.
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20 Nov, 2024
New Traffic Radar Rules: Verification & Stamping for Road Safety
India's government is introducing new rules for traffic radar equipment verification and stamping, aiming to improve road safety and enforcement accuracy.
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20 Nov, 2024
Emaar India Invests Rs 1,000 Cr in Gurugram Luxury Housing Project
Emaar India will invest Rs 1,000 crore in a new luxury housing project in Gurugram, 'Amaris', offering 522 apartments with a revenue potential of Rs 2,500 crore.
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20 Nov, 2024
SLCM & Bank of Baroda Partner for Agri Financing
SLCM and Bank of Baroda team up to offer collateral management services for agricultural financing, enabling farmers to access credit through Bank of Baroda's network.
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20 Nov, 2024
Godrej Properties Acquires Land for Rs 500 Crore Kolkata Project
Godrej Properties has acquired 53 acres of land in Joka, Kolkata, to develop a Rs 500 crore residential project. The project is estimated to have 1.3 million square feet of saleable area.
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20 Nov, 2024
Billion Hearts Secures USD 4 Million Seed Funding
Mayank Bidawatka's Billion Hearts Software Technologies has secured USD 4 million in seed funding from Blume Ventures, General Catalyst, and Athera Venture Partners. The startup is currently working on a digital consumer product for a global audience.
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20 Nov, 2024
China-India Ties Improve Amid US Pressure: Business Leader
China is seeking better ties with India to ease US pressure from the Trump administration, according to a US business leader. The move could benefit India's 'Atmanirbhar Bharat' initiative and create opportunities for US manufacturing.
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20 Nov, 2024
India, Australia Launch Renewable Energy Partnership at G20
India and Australia launched a Renewable Energy Partnership at the G20 Summit in Brazil, aimed at boosting two-way investment in renewable energy sectors. Prime Ministers Modi and Albanese also discussed defense cooperation and regional security.
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19 Nov, 2024
IndiGo Plane Diverted to Delhi Due to Technical Issue
An IndiGo flight from Jaipur to Dehradun was diverted to Delhi on Tuesday evening due to a technical issue. The airline apologized for the inconvenience.
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19 Nov, 2024
JSW Steel Wins Codli Mineral Block XII in Goa
JSW Steel has been declared the preferred bidder for the Codli Mineral Block XII in Goa, securing 48.5 million tonnes of iron ore resources. The company will now proceed with obtaining necessary clearances to begin mining operations.
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19 Nov, 2024
UPI Transactions Decline Rate Falls to 0.8%: NPCI
NPCI reports UPI technical decline rates have fallen to 0.8% from 8-10% in 2016. UPI Lite aims to ease server pressure for low-ticket transactions. Learn more.
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19 Nov, 2024
Himachal Pradesh Launches Green & Sustainable Development Project
Himachal Pradesh launches the Green and Sustainable Development Partnership (GSDP) project, focusing on capacity building, knowledge sharing, and stakeholder engagement to achieve SDGs.
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19 Nov, 2024
Uttarakhand GSDP Up 1.3x in 2 Years: Dhami
Uttarakhand Chief Minister Dhami announces a 1.3-fold increase in GSDP over two years and outlines plans to double it in the next five. The state also boasts a decrease in unemployment and a top ranking in sustainable development.
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19 Nov, 2024
Irdai Urges Bankers to Focus on Core Jobs, Avoid Insurance Mis-selling
Irdai Chairman Debasis Panda urges bankers to prioritize their core roles and avoid mis-selling of insurance products. He emphasizes the need for a balance in bancassurance, ensuring that insurance selling remains incidental to banking activities.
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19 Nov, 2024
RBI Warns Banks: Follow KYC Guidelines or Face Action
RBI Deputy Governor urges banks to prioritize KYC compliance and customer service, warning of regulatory action for non-compliance. Emphasis on building customer-centric banks with effective grievance mechanisms.
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19 Nov, 2024
Sebi Proposes Higher Application Size for SME IPOs
SEBI proposes increasing the minimum application size for SME IPOs to up to Rs 4 lakh to ensure informed investors participate, aiming to protect smaller retail investors and enhance SME credibility.
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19 Nov, 2024
Adani Infra Buys 30% Stake in PSP Projects for Rs 685 cr
Adani Infra, part of the Adani Group, will acquire a 30.07% stake in PSP Projects for Rs 685.36 crore, marking a significant consolidation in the construction sector. The deal includes an open offer for an additional 26% stake, potentially making Adani the largest shareholder.
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19 Nov, 2024
Raheja Developers Faces Insolvency Over Gurgaon Project Delay
The National Company Law Tribunal has ordered insolvency proceedings against Raheja Developers for delays in its Shilas project in Gurgaon, following a petition by flat allottees.
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19 Nov, 2024
India's CAD Manageable Due to Strong Services Exports: Goyal
India's Commerce Minister Piyush Goyal says the country's current account deficit is manageable due to strong services exports, highlighting India's growing economic strength.
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19 Nov, 2024
Ecommerce Firms Must Respect Indian Law: Goyal
Commerce Minister Piyush Goyal reiterates that e-commerce firms must adhere to India's FDI norms, warning against violations and predatory pricing practices.
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19 Nov, 2024
Patels Airtemp Settles Sebi Disclosure Violation Case
Patels Airtemp (India) has settled a case with Sebi for alleged violation of disclosure rules, paying Rs 28.53 lakh. The case involved alleged violations of the LODR (Listing Obligations and Disclosure Requirements) rules.
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19 Nov, 2024
Climate Justice Key to New Finance Goal: India at COP29
India emphasizes climate justice in new climate finance goal at COP29, urging developed nations to lead on emissions reduction and ensure carbon space for developing countries.
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19 Nov, 2024
India Aims to be Top 10 Ship Manufacturer by 2030: Sonowal
India targets to become one of the top 10 global ship manufacturers by 2030, aiming to be among the top 5 by 2047, as stated by Union Minister Sarbananda Sonowal. The country's maritime sector is crucial for its trade and commerce, handling a significant portion of its trade by volume and value.
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19 Nov, 2024
NTPC Aims for 19 GW NGEL Capacity by 2027
NTPC Green Energy Ltd (NGEL) plans to increase its capacity to 19 GW by 2027, aiming for a phased expansion of its renewable energy portfolio. The company has launched a Rs 10,000 crore IPO to fund this growth.
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19 Nov, 2024
Air India Stranded Passengers in Phuket - 30 Still Awaiting Flight
Air India is flying back around 30 passengers stranded in Phuket after a flight cancellation due to a technical issue. The airline provided accommodations and meal assistance while the issue was resolved.
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19 Nov, 2024
Tata Power, Bhutan's Druk Green Power Corp to Develop 5,000 MW Clean Energy Projects
Tata Power and Druk Green Power Corp join forces for a strategic partnership to develop 5,000 MW of clean energy projects in Bhutan, including hydropower and solar. This landmark collaboration is set to shape a new era of clean energy in the region.
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19 Nov, 2024
FLY91 Launches New Flights: Mumbai & Goa from Solapur
FLY91 announces new direct flights from Solapur to Mumbai and Goa starting December 23rd, expanding its network to 9 destinations. The new routes aim to improve regional connectivity.
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19 Nov, 2024
USFDA Issues 7 Observations to Dr Reddy's Bollaram Unit
Dr Reddy's Laboratories received seven observations from the USFDA following an inspection of its Bollaram facility. The company will address the observations within the stipulated timeline.
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19 Nov, 2024
Flipkart's Big Billion Days Boosts Walmart International Sales
Walmart's Q3 international sales were boosted by Flipkart's Big Billion Days event, contributing to a 12.4% growth. The event's timing also impacted Q4 growth, with Flipkart's advertising business also seeing a 50% rise.
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19 Nov, 2024
CEA: Farm Policies, Transport Behind High Pollution
CEA blames 'massive encouragement' to private transport and wrong farm policies for high pollution levels in Delhi. He suggests state intervention for improvement.
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19 Nov, 2024
Assocham Urges Single TDS Rate in Budget 2025-26
Assocham seeks a single TDS rate of 1-2% for all resident assessees, advocating for tax reforms and ease of compliance in the upcoming Union Budget. The industry body also emphasizes tax neutrality for mergers and demergers, proposing a simplified and expanded tax regime for business...
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TODAY'S MOST TRADED COMPANIES
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- Suzlon Energy Ltd.
- 65.46 (+ 4.99)
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- 1.00 ( -2.91)
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