Vedanta to raise Rs 2,500 crore in non-convertible debentures
New Delhi, April 4 - Vedanta Limited is seeking to raise up to Rs 2,500 crore in non-convertible debentures.
Power Ministry sets up panel for monitoring thermal power projects
Mumbai, April 3 - The Union Power Ministry has constituted an independent Thermal Project Monitoring Group (TPMG) for the monitoring and execution of thermal power projects that are under implementation.
India records robust growth in mineral production for 2023-24
New Delhi, April 3 - India’s index of mineral production for February 2024 rose to 139.6, which is 8 per cent higher compared to the level recorded in February 2023.
FLY91 ties up with IBS Software for commercial operations
Thiruvananthapuram, April 3 - FLY91, the country’s youngest regional airline, has partnered with IBS Software to power its commercial operations.
Axis Bank says all regulatory nods received for proposed acquisition of shares in Max Life Insurance
New Delhi, April 3 - The Axis Bank said on Wednesday that all the required regulatory approvals for the proposed subscription of shares in Max Life Insurance have been received.
Nearly 1 million Bangladeshis may slip into poverty: World Bank
Dhaka, April 3 - Nearly 1 million Bangladeshi people are projected to join the ranks of the moderately poor, who earn less than $3.65 a day in purchasing power parity (PPP), said the World Bank in its Poverty Macro Update on Bangladesh.
Musk’s Tesla overtakes Mercedes-Benz as 2nd largest seller of imported cars in March
Seoul, April 3 - Elon Musk-run Tesla overtook Mercedes-Benz as the second-largest seller of imported vehicles in South Korea last month, industry data showed on Wednesday.
Over 10 million Pakistanis may fall below poverty line: World Bank
Islamabad, April 3 - The World Bank has cautioned that over 10 million Pakistanis may fall below the poverty line, mainly due to a slothful economic growth rate and spiraling inflation at a staggering 26 per cent for the current fiscal year.
SJVN Ltd ropes in IIT Patna to speed up work on tunnelling projects
New Delhi, April 3 - Hydroelectric power major SJVN Limited has signed a memorandum of understanding (MoU) with the Indian Institute of Technology (IIT) Patna to use advanced geological models in the company’s tunnelling projects in order to reduce time and cost overruns,
UPI transactions volume surge 56 pc, average ticket size drops 8 pc: Report
New Delhi, April 3 - The number of Unified Payments Interface (UPI) transactions witnessed a staggering growth at 56 per cent (year-on-year) in the second half of last year (H2 2023), with the volume being at 65.77 billion from 42.09 billion in H2
Gold price surges to record high
New Delhi, April 3 - Gold price in India hit a record high Rs 69, 640 per 10 grams on MCX on Wednesday tracking a sharp increase in international prices of the precious metal, driven by the high safe-haven demand amid escalating geopolitical
Mumbai’s JN Port records highest ever container throughput
New Delhi, April 3 - Jawaharlal Nehru Port Authority (JNPA), Mumbai, one of the leading container-handling ports in the country, has recorded its highest-ever throughput of 6.43 million TEUs (twenty-foot equivalent unit) in the fiscal year 2023-24, which represents a 6.27 per cent
Tata Steel files writ petition seeking waiver of loans from Steel Development Fund
New Delhi, April 3 - The High Court of Calcutta has admitted a writ petition filed by Tata Steel in the matter of waiver of loans availed by it from the Steel Development Fund.
EAM Jaishankar highlights untapped potential for Indian business community
Ahmedabad, April 2 - External Affairs Minister S. Jaishankar on Tuesday encouraged the Indian business community to look beyond the traditional and mature markets like the US and Europe, and explore the "untapped potential" in regions such as Africa.
World Bank raises India’s GDP growth forecast to 7.5 pc for 2023-24
New Delhi, April 3 - The Indian economy is projected to grow at 7.5 per cent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 per cent.
Govt steps up efforts to meet peak summer power demand without outages
New Delhi, April 2 - The government has stepped up its efforts to ensure that the electricity demand in the upcoming peak summer season is met in the country without any outages.
CCI okays IFC’s acquisition of Northern Arc shares
New Delhi, April 2 - The Competition Commission of India (CCI) has approved the acquisition of compulsorily convertible preference shares in Northern Arc Capital Limited by the World Bank’s International Finance Corporation (IFC).
FSSAI tells e-commerce firms to stop misuse of ‘Health Drink’ tag to push sales
New Delhi, April 2 - The Food Safety and Standards Authority of India (FSSAI) has asked all e-commerce food business operators to ensure appropriate categorisation of food products being sold on their websites and not misuse terms such as Health Drink and Energy
JSW Energy gets board nod to raise Rs 5,000 crore through share sale
Mumbai, April 2 - Billionaire Sajjan Jindal-led group company JSW Energy said on Tuesday that its board of directors has approved a proposal to raise Rs 5,000 crore via the sale of shares to institutional investors.
TRAI releases consultation paper to formulate ‘National Broadcasting Policy 2024’
New Delhi, April 2 - The Telecom Regulatory Authority of India (TRAI) on Tuesday released a consultation paper for formulation of the ‘National Broadcasting Policy 2024’, in an effort to bolster the broadcasting sector which is a sunrise industry.