Adani Group, Uber to form JV to help expand fleet on green energy?
New Delhi, Feb 24 - In a thrust to the government's green energy goals, the Adani Group and Uber may soon announce a joint venture (JV) to help the global ride-hailing major expand its fleet that runs on alternative and renewable energy, sources
Corporate earnings surprised on the upside due to improvement in margins
New Delhi, Feb 24 - The corporate earnings momentum has improved significantly since FY20.
PM Modi to throw open India’s longest cable-stayed bridge in Gujarat on Feb 25
New Delhi, Feb 24 - Prime Minister Narednra Modi on February 25 will dedicate to the nation Sudarshan Setu -- the country’s longest cable-stayed bridge -- which will connect Okha mainland and Beyt Dwarka island.
Absolutely captivating chat: Gautam Adani, Uber CEO discuss future collaborations
New Delhi, Feb 24 - Adani Group Founder and Chairman Gautam Adani on Saturday met Uber's global CEO Dara Khosrowshahi and discussed future collaborations in India, as the country doubles down on green and sustainable energy
RBI allows Prepaid Payment Instruments across public transport systems
Mumbai, Feb 23 - The Reserve Bank of India (RBI) on Friday issued direction to permit authorised banks and non-banks to issue PPIs for making payments across various public transport systems with immediate effect.
NTPC’s first solar project begins commercial ops
New Delhi, Feb 23 - The first solar project of NTPC Renewable Energy Ltd. (NTPC-REL) at Chhattargarh in Rajasthan has started commercial operations of 70 MW capacity, according to an official statement issued on Friday.
Procurement of services via govt e-marketplace soars to Rs 1.82 lakh crore in 2023-24
New Delhi, Feb 23 - The procurement of services through Government e-Marketplace (GeM) has jumped by as much as 176 per cent to Rs 1,82,000 crore during the current financial year as on February 22 from the corresponding of Rs 66,000 crore for
India does not rush into freed trade pacts: Goyal
New Delhi, Feb 23 - Commerce & Industry Minister Piyush Goyal on Friday said that the government does not rush to conclude trade negotiations, but follows a careful and calibrated approach because Free Trade Agreements (FTAs) impact the country for several years.
Nifty hits new high before closing at day’s low
Mumbai, Feb 23 - Domestic equities traded lackluster on Friday despite Nifty touching a new high of 22,297 intra-day for the fifth consecutive session, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
Nifty closes at day’s low on profit booking
Mumbai, Feb 23 - Nifty opened higher but failed to sustain the morning momentum, leading to a closing at the day's low due to profit booking on Friday, said Rupak De, Senior Technical Analyst at LKP Securities.
Bank deposits losing attractiveness as govt savings schemes see strong growth
New Delhi, Feb 23 - Global brokerage Goldman Sachs has flagged multiple headwinds to deposit growth in Indian banks as it loses its attractiveness.
India’s GDP to log 6.4% growth in Q3 FY24
Chennai, Feb 23 - Government owned mortgage lender Bank of Baroda (BOB) on Friday predicted India’s gross domestic product (GDP) in Q3 FY24 to grow at 6.4 per cent on the back of subdued growth in industrial and agricultural sectors.
BSE, NSE issues penalty notices to HAL for not having sufficient independent directors
Chennai, Feb 23 - Public sector Hindustan Aeronautics Ltd (HAL) has received penalty notices of Rs 542,800 each from India’s two stock exchanges-BSE and NSE- for not having sufficient number of independent directors on its Board.
Goldman Sachs downgrades key banking stocks, says goldilocks period over
New Delhi, Feb 23 - Marquee global brokerage Goldman Sachs has downgraded key Indian banking stocks and cut earnings estimates across the coverage universe by 5 per cent/2 per cent on average over FY25E/26E.
Over 100 countries to participate in Bharat Tex 2024 in Delhi
New Delhi, Feb 23 - Bharat Tex 2024, to be inaugurated by Prime Minister Narendra Modi on February 26, is set to be India’s largest global textile event with the participation of buyers from 100 countries and over 100 international speakers.
Govt amends Electricity Rules: Timeline for new connections cut, setting up rooftop solar units turns easier
New Delhi, Feb 23 - The government has approved amendments to the Electricity (Rights of Consumers) Rules that will further reduce the timeline for getting new electricity connections and simplify the process of setting up rooftop solar installations, Minister for Power and New
PM Modi to roll out Rs 600cr worth projects in Chhattisgarh to speed up coal evacuation
New Delhi, Feb 23 - In line with India’s commitment to strengthening energy security and furthering sustainable development, Prime Minister Narendra Modi is scheduled to virtually inaugurate three key first mile connectivity projects of South Eastern Coalfields Limited (SECL), a Coal India Subsidiary
Number of stocks with over $1 bn M-cap nearly doubled to 500 since 2019
New Delhi, Feb 22 -The market depth in India has increased considerably over the last few years with the number of stocks with more than $1 billion market cap nearly doubling to 500.
RBI notifies banks on interest equalisation scheme for rupee export credit
Mumbai, Feb 22 - The Reserve Bank of India (RBI) on Thursday issued a notification to all the banks, stating that the government has allowed the extension of the Interest Equalisation Scheme for Pre and Post Shipment Rupee Export Credit (Scheme) up to
IRCTC ties up with Swiggy Foods for meals on trains
New Delhi, Feb 22 - The Indian Railway Catering and Tourism Corporation (IRCTC) on Thursday announced that it has tied up with Swiggy Foods for the supply and delivery of pre-ordered meals to train passengers through IRCTC's e-catering portal.