World should develop the concept of Green GDP: PM Modi
New Delhi, March 29 - Prime Minister Narendra Modi on Friday said India is making rapid advancements in the renewable energy sector, like solar, wind energy and green hydrogen, thus building 'Green GDP' which the world economies should embrace to tackle the burning
RBI to shut Rs 2000 banknote exchange facility for a day on April 1
Mumbai, March 28 - The RBI announced on Thursday that the facility for exchange and deposit of Rs 2000 banknotes will not be available on April 1 at the central bank’s 19 offices due to operations associated with the annual closing of accounts.
India’s core sector industries clock 6.7 pc growth in Feb
New Delhi, March 28 - The eight core industries that include sectors such as coal, cement, steel and electricity posted a 6.7 per cent growth in February this year compared to the same month of the previous year, according to an official figures
Expert Committee submits report on regulatory regime for GIFT IFSC
New Delhi, March 28 - The Expert Committee on developing the Gujarat International Finance Tech-City International Financial Services Centre (GIFT IFSC) as a Global Finance and Accounting Hub has recommended a comprehensive regulatory regime for undertaking bookkeeping, accounting, taxation and financial crimes compliance
Centre’s transfer of tax revenue to states up by over Rs 2.25 lakh crore in 2023-24
New Delhi, March 28 - The Centre has transferred Rs 10,33,433 crore to State Governments as devolution of share of taxes during the 11 months of the current financial year up to February 2024 which is Rs 2,25,345 crore higher than the previous
Reliance Industries invests in Mahan Energen, a wholly-owned subsidiary of Adani Power
New Delhi, March 28 - An investment agreement has been entered into among Mahan Energen Limited (MEL), a wholly owned subsidiary of Adani Power Limited (APL), Reliance Industries Limited (RIL) and APL, in terms of which RIL has agreed to subscribe and MEL
India’s trade policy is calibrated with economic growth path: Piyush Goyal
New Delhi, March 28 - India's trade policy is calibrated with its economic growth trajectory as it aims to achieve a target of $2 trillion in exports by 2030, Commerce and Industry Minister Piyush Goyal said on Thursday.
Sensex surges more than 700 points led by gains in financial stocks
New Delhi, March 28 - The BSE Sensex on Thursday was trading at 73,755 points, up by 758 points or 1.04 per cent, led by gains in the financial stocks.
Adani’s copper unit in Mundra begins operations, to generate 7,000 jobs
Ahmedabad, March 28 - Making a debut for the Adani Portfolio in the metal industry, Kutch Copper, a subsidiary of Adani Enterprises Limited (AEL), on Thursday commissioned the first unit of its greenfield copper refinery project at Mundra, Gujarat, by dispatching the maiden
Federal Bank opens 26 new branches across Tamil Nadu, Puducherry
Chennai, March 27 - Private lender Federal Bank opened 26 new branches across Tamil Nadu and Puducherry on Wednesday.
Govt to borrow Rs 7.5 lakh crore from market in first half of 2024-25
New Delhi, March 27 - Out of Gross Market borrowing of Rs 14.13 lakh crore projected in the Union budget for FY 2024-25, the government has decided to borrow Rs 7.50 lakh crore (53.08 per cent) in the first half (H1) of the
NBCC earns record Rs 1,905 crore in e-auction for commercial space in Delhi’s WTC
New Delhi, March 27 - NBCC (India) Ltd said on Wednesday that it has recorded its highest-ever revenue of Rs 1,905 crore with the sale of 4.8 lakh sq ft of commercial space in the 25th e-auction for WTC Nauroji Nagar in South
HPCL, Tata Motors ink pact to set up EV charging stations
New Delhi, March 27 - The electric mobility unit of Tata Motors Ltd and Hindustan Petroleum Corp on Wednesday signed a memorandum of understanding to set up EV charging stations across India.
Morgan Stanley raises India’s GDP growth estimate to 6.8 pc for 2025
New Delhi, March 27 - Global brokerage Morgan Stanley has raised India’s GDP growth expectation to 6.8 per cent in 2025 from 6.5 per cent on continued traction in industrial and capex activity.
Sensex gains more than 500 points amid bullish undertone
New Delhi, March 27 - Market is likely to continue in the consolidation mode for a couple of days more and then take a new directional trend starting April, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Adani Green’s solar power plant to produce 540 mn units annually operationalised in Rajasthan
Ahmedabad, March 27 - Adani Green Energy Limited (AGEL) on Wednesday said it has commissioned a 180 MW solar power plant at Devikot in Jaisalmer, Rajasthan.
India’s manufacturing industry most targeted for ransomware attacks: Study
New Delhi, March 26 - India’s manufacturing industry witnessed the most ransomware extortion in 2023, according to a global report.
Myntra outpaces market with strong growth aided by customer acquisition, innovation & operational excellence
Bengaluru, March 26 - Myntra, India's premier fashion, beauty and lifestyle destination, on Tuesday said it has been on a strong growth trajectory, growing notably faster than the online fashion market since H2 (second half) of CY 2023, with GMV growth nearing two
India on the path to its next industrial revolution, Industry 4.0, say analysts
New Delhi, March 26 - India is on the path to its next industrial revolution, Industry 4.0, as per analysts at Anand Rathi Share and Stock Brokers.
Mumbai overtakes Beijing to become Asia’s new billionaire capital
New Delhi, March 26 - Mumbai has surpassed Beijing to emerge as Asia's new billionaire capital while India has overtaken Germany to become the third-ranked country globally with 271 billionaires, according to the latest Hurun Research Institute report.