Tata Group stocks gain on Tata Sons’ IPO buzz
New Delhi, March 7 - Several Tata Group stocks were in focus on Thursday due to the buzz around Tata Sons' IPO as several of them held a stake in it, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
GAIL, ONGC & Shell sign pact for ethane import in Gujarat’s Hazira
New Delhi, March 7 - GAIL (India) Limited, Oil and Natural Gas Corporation (ONGC) and Shell Energy India (SEI) Private Limited on Thursday signed a tripartite memorandum of understanding (MoU) to explore opportunities for import of ethane and other hydrocarbons and development of
India’s horticulture production pegged at 355.25 million tonnes for 2023-24
New Delhi, March 7 - The horticulture production in the country in 2023-24 is estimated to be about 355.25 million tonnes with an increase in the area of 1.15 per cent, or 3.27 lakh hectares compared to 2022-23, according to the First Advance
RBI, Bank Indonesia sign pact for bilateral transactions in local currencies
Mumbai, March 7 - The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a memorandum of understanding (MoU) on Thursday for establishing a framework to promote the use of local currencies -- the Indian Rupee (INR) and the Indonesian Rupiah
Govt to invest Rs 17 lakh crore in power sector in next 5 years: Power Minister
New Delhi, March 7 -The government has invested about Rs 20 lakh crores in the power sector during the last 9 years and another Rs 17 lakh crores will be invested in the next 5 to 7 years, Union Minister for Power and
Japan’s real wages fall in January for 22nd month
Tokyo, March 7 - Japanese workers' real wages in January shrank for the 22nd straight month, as salary gains continued to fall short of outpacing inflation, government data showed on Thursday.
Visa volumes from Chandigarh in 2023 exceeded pre-pandemic levels
Chandigarh, March 7 - Visa application volumes from Chandigarh in 2023 remained strong and exceeded pre-pandemic levels, as outbound travel continued to surge.
In a first, Rajasthan govt initiates e-auction for gold mines
Jaipur, March. 6 - The Mines Department in Rajasthan has initiated an e-auction process for the state's first gold mines in Bhukia-Jagpura and Kankaria-Gara areas in Banswara district, and made the tender document available on the Government of India's MSTC portal, officials said
Adani Group completes first phase of ‘twinning’ of international terminal at Thiruvananthapuram Airport
Thiruvananthapuram, Mar 6 - The Thiruvananthapuram International Airport, run by the Adani Group, has successfully completed the first stage of "twinning" of its international terminal (T-2).
Sensex scales 74K peak for first time; last 1,000 points rally took 37 sessions
Mumbai, March 6 - The Sensex jumped 409 points on Wednesday to close above the 74,000 mark for the first time.
Powell reiterates US Fed not ready to start cutting interest rates
Washington, March 7 - US Federal Reserve Chair Jerome Powell has reiterated that the central bank is not ready to start cutting interest rates, noting that he needs to see a little bit more data before taking any action.
Nifty hits fresh record highs in volatile trade
Mumbai, March 6 - The Nifty ended on a positive note on Wednesday after a highly volatile session, hitting fresh record highs.
India’s growing stature in the global economy
New Delhi, March 6 - The GDP forecast upgrade by Moody’s and India’s inclusion in the Bloomberg bond index have added to India’s growing importance in the global economy.
Airbus, IIM-Mumbai join hands to provide aviation education, skills
Mumbai, March 6 - Airbus and the Indian Institute of Management, Mumbai (IIM-Mumbai), have joined hands to provide aviation education to professionals and empower them with industry-ready skills through the Airbus Beyond programmes, officials said here on Wednesday.
J. Kumar Infra to build bridges for Mumbai Eastern Freeway, Navi Mumbai creek
Mumbai, March 6 - The BrihanMumbai Municipal Corporation (BMC) has awarded a Rs 1,330 crore contract to J. Kumar-RSP (JV) for constructing an elevated road corridor for the Eastern Freeway in south Mumbai, an official said here on Wednesday.
Profit booking in mid and smallcaps reflecting worries about stretched valuations
Mumbai, March 6 - The domestic market exhibited a smart recovery in the second half on Wednesday, reversing initial losses as buying picked up in largecap stocks, said Vinod Nair, Head of Research at Geojit Financial Services.
Cut & polished diamond exports to dip about 25-30 pc in FY24: CARE Ratings
Chennai, March 6 - Economic conditions in the US and China, growing market for lab grown diamonds (LGD), other avenues for discretionary spending and geopolitical conditions is taking the glitter off the Indian cut and polished diamond (CPD) industry.
Indian aviation sector to log 8-13 pc passenger traffic growth in FY24
Chennai, March 6 - Credit rating agency ICRA on Wednesday said the Indian air passengers traffic is expected to grow by 8 to 13 per cent in FY24 to touch 150-155 million to surpass the pre-Covid levels of 141.2 million in FY20.
India records big jump in agricultural exports to Iraq, Saudi Arabia, Vietnam, UK
New Delhi, March 6 - India’s exports of agricultural products to major markets like Iraq, Vietnam, Saudi Arabia, and the UK, surged by 110 per cent, 46 per cent, 18 per cent, and 47 per cent, respectively, during April-November 2023, compared to the
Aviation industry to see 8 to 13 pc surge in domestic passengers: ICRA report
New Delhi, March 6 - Despite facing supply chain challenges and engine failures, Indian aviation industry is set to scale new heights in the coming years, according to a recent report by ICRA, a leading credit rating agency.