Dialog, Axiata Group and Bharti Airtel to merge operations in Sri Lanka
New Delhi, April 18 - Dialog Axiata PLC (Dialog), Axiata Group Berhad (Axiata) and Bharti Airtel have signed an agreement to combine their operations in Sri Lanka.
Sensex gains 42 points, but analysts predict market uncertainty ahead over tension in Middle East
New Delhi, April 18 - The BSE Sensex is up 42 points and trading at 72,986 points on Thursday. However, tensions in the Middle East and a hawkish stance by the US Fed are likely to weigh on the stock markets, say analysts.
Paytm accelerates user migration to PSP Banks with NPCI approval
New Delhi, April 17 - One 97 Communications Limited (OCL) which owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR, soundbox and mobile payments, received go ahead, on Tuesday from the National Payment Corporation of India
EET appoints Rob Wallace as CEO of EET Hydrogen Power
London, April 17 - EET Fuels has announced the appointment of Rob Wallace as the Chief Executive Officer (CEO) of EET Hydrogen Power, a planned hydrogen-ready combined heat and power plant (CHP) at its refinery in Stanlow, the UK.
ZEE withdraws merger implementation application from NCLT, to pursue claims against Sony
Mumbai, April 16 - Zee Entertainment Enterprises (ZEE) has decided to withdraw a merger implementation application filed before the Mumbai branch of the National Company Law Tribunal (NCLT).
India to add 13,000 km of new highways in 2024-25: ICRA report
New Delhi, April 16 - India is expected to maintain its rapid pace of road construction with the addition of up to 13,000 kilometres in the financial year 2024-25, an increase of 5 to 8 per cent over the previous year, according to
IMF increases India’s growth projection to 6.8 pc for 2024
Washington, April 16 - The International Monetary Fund (IMF) has pegged India's growth projection to 6.8 pc this year, an increase of 0.3 pc over its January 2024 update.
Paytm clarifies licensing process status amid speculations, says govt champions fintech
New Delhi, April 16 - Fintech major Paytm on Tuesday clarified the status of its licensing process amid recent speculations, saying it has not received any communication suggesting a deferral or penalties and any notion to the contrary is “completely unfounded and misleading”.
UNCTAD forecasts India’s GDP growth at 6.5 pc in 2024
New Delhi, April 16 - The latest UN Conference on Trade and Development (UNCTAD) report released on Tuesday forecasts global economic growth at 2.6 per cent in 2024 barely above the 2.5 per cent threshold commonly associated with a recessionary phase.
Morgan Stanley does not expect RBI to go for a rate cut in 2024-25
Mumbai, April 16- Morgan Stanley economists do not expect the RBI to cut key interest rates in 2024-25 as the country is clocking a robust GDP growth and the US Fed has postponed its rate cut which could pose a risk to the
Govt hikes windfall tax on crude oil; ONGC & OIL to take hit
New Delhi, April 16 - The Government has hiked the windfall tax on crude oil to Rs 9,600 per metric ton with effect from Tuesday from Rs 6,800 earlier, as part of its fortnightly revision.
Govt bonds worth Rs 24,000 crore coming up for auctions on Friday
New Delhi, April 15 - The Finance Ministry on Monday announced the sale of government bonds worth Rs 24,000 in two categories.
RBI eases rules on hedging of gold price risk in overseas markets
Mumbai, April 15 - The RBI on Monday eased rules to allow resident entities to hedge their exposures to the price risk of gold using the OTC derivatives in the International Financial Services Centre (IFSC) in addition to the derivatives on the exchanges
Geopolitical situation, rise in crude & metal prices, heat wave to edge up WPI inflation: Economists
Chennai, April 15 - Even though higher food prices resulted in the Wholesale Price Index (WPI) inflation rising to 0.53 per cent in March, a positive outlook for agricultural production and food inflation can be expected, said a top economist at CARE Ratings.
India’s merchandise trade deficit dips to 11-month low of $15.6 billion in March
New Delhi, April 15 - India's merchandise trade deficit narrowed to an 11-month low of $15.6 billion in March compared to $18.71 billion in February as there was a significant decline in imports during the month, figures released by the Commerce Ministry on
NFRA finds Reliance Capital joint auditor guilty of Rs 12,571 crore fudge in 2018-19
New Delhi, April 15 - National Financial Reporting Authority (NFRA) has held the joint auditor of Reliance Capital guilty of professional misconduct for deliberately overlooking the Price Waterhouse (PW) report of suspected fraud regarding loans and investments amounting to approximately Rs 12,571 crore
This is how Tesla can produce a Rs 20 lakh ‘Make in India’ EV
New Delhi, April 13 - Elon Musk is coming to India for the first time to spend at least 48 hours in the country later this month. As all eyes are on what the billionaire would announce during his meeting with Prime Minister
Centre directs gas-based power plants to start ops amid rising summer demand
New Delhi, April 13 - In order to help meet the high electricity demand in the country during the summer season, the government has decided to operationalise gas-based power plants, the Ministry of Power said on Saturday.
Govt warns against forward trade in pulses
New Delhi, April 13 - As part of its stepped-up vigil to bring down prices of pulses, the Government has warned traders that anyone found indulging in forward trade of pulses would be dealt with firmly in accordance with the provisions of the
250 buyers from 27 countries attending International Gem & Jewellery Show in Jaipur
Jaipur, April 13 - The Gem Jewellery Export Promotion Council (GJEPC) is holding the third edition of the International Gem & Jewellery Show (IGJS) in Jaipur from April 12-14, which is being attended by 250 buyers from 27 countries.