Stakes in solar power companies to get green power at cheaper rate: Bosch
Chennai, Feb 14 - Automotive components and consumer goods player Bosch Ltd, in order to source green power at a cheaper rate, will acquire small stakes in two solar power companies for a cash consideration of about Rs 4.88 crore.
India’s 16th Finance Commission holds first meeting
New Delhi, Feb 14 - Finance Ministry on Wednesday said that the 16th Finance Commission held its first meeting on Wednesday to discuss its terms of reference and other matters that it has to take up.
Markets recover from day’s low led by buying in bank stocks
Mumbai, Feb 14 - The domestic market staged a recovery from day’s low, buoyed by renewed buying interest in banking stocks on Wednesday, said Vinod Nair, Head of Research at Geojit Financial Services.
Gadkari takes stock of key Rs 3,565 crore highway inter-link project in NCR
New Delhi, Feb 14 - Minister for Road Transport and Highways Nitin Gadkari on Wednesday inspected the Faridabad Bypass Site and the construction of Package 1 & 2 of DND Sohna Highway on National Highway-148 NA including a spur of the Delhi-Mumbai Expressway.
Adani Green Energy links 551 MW solar capacity plant to national grid
Mumbai, Feb 14 - Adani Green Energy Limited (AGEL) has successfully operationalised 551 MW solar capacity plant in Gujarat’s Khavda renewable energy park which has now started supplying power to the national grid.
First gold mine auction in Rajasthan soon
Jaipur, Feb 15 - Rajasthan mining department is all set to create history as it will start a gold mine auction for the first time in the state in the Banswara district’s Bhukia-Jagpura area.
PSU shares shine as benchmark indices erase losses
New Delhi, Feb 14 - PSU stocks posted strong gains on Wednesday as the benchmark indices erased morning losses.
SpiceJet shares dip amidst financial challenges, but airline asserts strong position
New Delhi, Feb 14 - In the midst of news regarding delays in salary payments, EPFO deposits, and potential job cuts, SpiceJet shares experienced a 4.16 per cent decline on Wednesday. Nonetheless, the budget airline asserted that it is presently in its most
India’s WPI inflation eases to 0.27% in Jan
New Delhi, Feb 14 - India's inflation based on the wholesale price index eased to 0.27 per cent in January compared to 0.73 per cent in December, data released by the Commerce and Industry Ministry on Wednesday showed.
Indian banks face a slowdown in growth and profit margins as deposits lag
New Delhi, Feb 14 - Indian banks face a slowdown in growth and profit margins as deposits lag despite higher interest rates.
Defence deals through govt e-marketplace cross Rs 1 lakh cr mark
New Delhi, Feb 14 - The orders placed by the Ministry of Defence (MoD) through the Government e-Marketplace (GeM) portal has surpassed a whopping Rs 1 lakh crore reflecting the increasing transparency and efficiency in executing defence deals, the Commerce Ministry said on
Farmers’ protest: Huge security build-up continue on inter-state borders
Chandigarh, Feb 14 - Huge security build-up continued on inter-state borders between Punjab and Haryana on the second day on Wednesday, as assembled protesting farmers are adamant on heading to the national capital to lodge their protest over unfulfilled demands, including legal guarantee
Bullet train to cut 508 km Mumbai-Ahmedabad travel to 2 hours: Minister shares video
New Delhi, Feb 13 - Railway Minister Ashwini Vaishnaw on Tuesday shared a video of the Mumbai-Ahmedabad 'Bullet train' corridor which will cut the travel time on the 508 km route between the two cities to a mere 2 hours.
First repo rate cut by RBI expected only in 3QFY25, say analysts
New Delhi, Feb 13 - India's January CPI inflation moderated to 5.1 per cent, in line with expectations, while core inflation remained subdued at 3.5 per cent.
US stocks tumble on inflation data
New York, Feb 13 - US stocks tumbled on Tuesday after fresh data revealed that inflation eased somewhat, but stayed stubborn in January.
Merchants with Paytm QR don’t need to look for alternatives: Here are the facts
New Delhi, Feb 13 - Paytm, the pioneer of QR and mobile payments, on Tuesday announced that its QR codes will continue to function as usual, allowing merchants to accept payments beyond February 29, 2024.
Bosch posts 62% jump in net profit, declares interim dividend of Rs 205 a share
New Delhi, Feb 13 - Auto components major Bosch Ltd on Tuesday reported a 62 per cent jump in net profit at Rs 518 crore for the October-November quarter of the current financial year compared to the corresponding figure of Rs 318.9 crore
Nifty bounces back on benign inflation numbers
Mumbai, Feb 13 - Nifty bounced back from Monday's losses after India’s CPI inflation came in at a three-month low of 5.10 per cent, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
Centre sanctions Rs 1,742 crore for 4-lane highway in Mizoram
New Delhi, Feb 13 - Minister of Road Transport & Highways Nitin Gadkari has approved an outlay of Rs. 1742.11 crore for the construction of the 4-lane N. Kawnpui (N.Mualvum) – Sairang section on NH-6, situated along the Silchar –Valrengte – Sairang road
Gadkari approves Rs 382 crore highway project for Assam
New Delhi, Feb 13 - Minister of Road Transport & Highways Nitin Gadkari on Tuesday sanctioned Rs 382.10 crore for the construction of a new 2-lane highway with paved shoulders connecting Majuli and Jorhat on the recently designated NH 715K in Assam.