IEPFA signs pact with DBS Bank to protect investors
New Delhi, Feb 19 - A Memorandum of Understanding (MoU) was signed between the Investor Education and Protection Fund Authority (IEPFA) under the aegis of the Ministry of Corporate Affairs (MCA), and DBS Bank here on Monday to spread safety messages among investors.
Govt’s coal mines auction gets huge response as 40 offline bids come in
New Delhi, Feb 19 - The Ministry of Coal on Monday said that it has received an overwhelming response for the coal mines offered under the 9th round of commercial auctions with as many 40 bids coming in offline form.
Agro experts see Neem as a forestry plantation option for India
New Delhi, Feb 19 - The two-day Neem Summit & Global Neem Trade Fair that started here on Monday has identified neem as a plantation forestry option which would sustain the raw material requirements of industry.
Sonowal to throw open inland waterway projects worth Rs 254 crore in North-East
New Delhi, Feb 19 - In a significant push towards revitalising the Inland Water Transport (IWT) sector and bolstering connectivity in the North Eastern Region, Minister of Ports, Shipping, and Waterways Sarbananda Sonowal will inaugurate key projects worth more than Rs 254 crore
Centre hikes financial package for rubber sector by 23% to Rs 708 crore
New Delhi, Feb 19 - The financial assistance for the Rubber sector under the ‘Sustainable & Inclusive Development of Natural Rubber Sector’ scheme has been increased by 23 per cent from Rs 576.41 crore to Rs 708.69 crore for the next two financial
ONGC urged to use AI, data analytics in oil exploration drive
New Delhi, Feb 19 - Minister for Petroleum & Natural Gas Hardeep Singh Puri on Monday urged upstream oil giant ONGC to spearhead the country’s oil exploration efforts with the adoption of cutting-edge technologies like AI and Data Analytics for sustainability and reduced
Power Grid to invest Rs 655.75 crore in two projects
Chennai, Feb 19 - Power Grid Corporation of India Ltd will be investing Rs 655.75 crore in two projects.
India headed to be $35 trillion economy by 2047: Piyush Goyal
New Delhi, Feb 19 - Minister of Commerce & Industry Piyush Goyal on Monday said that the government’s ambition is to expand the current $3.7 trillion Indian economy to a $30-35 trillion fully developed economy by 2047 and to ensure food and energy
BSE market cap hits record high of $ 4.7 trillion
Mumbai, Feb 19 - The BSE market cap touching a record high of around $4.7 trillion reflects the strength of the ongoing bull run and the momentum in the market, said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
India’s construction industry poised to be world’s 3rd largest by 2025: Puri
New Delhi, Feb 19 - Minister of Housing & Urban Affairs Hardeep Singh Puri on Monday said that India’s fast-growing construction industry is poised to become the third-largest globally by 2025.
Govt brings small fishermen on board e-market, consumers to get direct access
New Delhi, Feb 19 - The Department of Fisheries on Monday signed a Memorandum of Understanding (MoU) with Open Network for Digital Commerce (ONDC) to promote digital marketing of fish and other aquatic produce which will give a big boost to the earnings
Novartis India shares jump more than 6% after parent company announces strategic review
New Delhi, Feb 19 - Novartis India shares jumped more than 6 per cent on Monday after the parent company, Novartis AG announced a strategic review of its Indian arm.
Tata Group to invest Rs 2,300 crore in Karnataka
Bengaluru, Feb 19 - Tata Group companies Air India and Tata Advanced Systems Ltd (TASL) are planning to invest Rs 2,300 crore in Karnataka in projects that are expected to create employment for 1,650 people, the state government announced on Monday.
Board of Novartis India to support promoter in strategic review
New Delhi, Feb 17 - The board of directors of Novartis India took note of the communication received from Novartis AG, holding company and promoter, regarding their intention to conduct a strategic review to unlock the value of their shareholding in the company.
Finance Ministry holds high-level meeting to expedite recovery of debt
New Delhi, Feb 17 - A high-level meeting chaired by the Secretary of the Finance Ministry’s Department of Financial Services, Vivek Joshi, on Saturday discussed steps to expedite the recovery of debt and enhance the efficiency of debt recovery tribunals.
India’s fresh fruit exports surge 29%, footprint spreads to 111 countries
New Delhi, Feb 17 - Fresh fruits have emerged as a standout performer in India's agri export basket with a robust growth of 29 per cent in the nine-month period from April to Dec 2023, according to the latest data compiled by the
FPI selling stands at Rs 29,519 crore for this year
New Delhi, Feb 17 - The spike in US bond yields triggered by the higher-than-expected consumer price inflation led to sustained selling by FPIs in the cash market, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Oil prices not rising despite Middle East tensions as demand wanes
New York, Feb 17 - When Russia invaded Ukraine in 2022, the price of oil jumped to over $100 a barrel. But despite the threat of an escalation of tensions in the Middle East and attacks on Red Sea shipping, oil markets have
Paytm QR, Soundbox, Card Machine to work beyond March 15; nodal accounts moved to Axis Bank
New Delhi, Feb 16 - Leading payments and financial services company Paytm on Friday reassured its users that its mobile app, including the widely-used Made in India QR code, Soundbox, and Card Machine will remain operational without interruption even after March 15.
LIC received refund orders for Rs 21,740cr from Income Tax Dept
New Delhi, Feb 16 - Life Insurance Corporation of India had received refund orders for Assessment Years 2012-13, 2013-14, 2014-15, 2016-17, 2017-18, 2018-19 and 2019-20.