Essar’s sustainability initiatives propel India’s energy transformation
New Delhi, Feb 8 - Essar, a prominent player in India's energy landscape, is charting a new course towards sustainability.
RBI leaves repo rate untouched at 6.5% for 6th time in a row
Chennai, Feb 8 - Not belying the expectations of senior economists, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) retained the repo rate at 6.50 per cent.
India’s solar power potential estimated at 748 GW; Rajasthan tops, J&K 2nd
New Delhi, Feb 7 - India’s total solar energy potential has been estimated at 748 GWp (Giga Watt peak), Union Minister for New & Renewable Energy and Power, R.K. Singh, informed the Parliament on Wednesday.
Power Grid Q3 net profit up 10.5%, declares 2nd dividend
New Delhi, Jan 7 - Power Grid Corporation of India Ltd on Wednesday reported a 10.5 per cent growth in its consolidated net profit at Rs 4,028 crore in the October-December quarter of the current financial year compared with the corresponding figure of
Railway Board approves Rs 244.77cr for wagon workshop in Odisha’s Kantabanji
Bhubaneswar, Feb 8 - The Railway Board has approved Rs 244.77 crore for the establishment of Wagon Periodic Overhauling (PoH) facility at Kantabanji in Balangir district of Odisha.
US companies flashing key sign of economic uncertainty by hoarding cash
New York, Feb 7 - America’s publicly traded companies are flashing a key sign of economic uncertainty -- they’ve been hoarding cash, a media report said.
DBS slashes CEO’s bonus by 30% after disruptions to its digital services
Singapore, Feb 7 - Singapore's biggest bank DBS has slashed its CEO's bonus by 30 per cent after disruptions to its digital services, despite it posting a record profit, a media report said.
India poised to lead global oil demand growth: IEA
New Delhi, Feb 7 - India will become the largest source of growth for global oil demand between now and 2030, while growth in developed economies and China initially slows and then subsequently goes into reverse, according to the latest report of the
Nifty closes flat ahead of RBI policy meeting
Mumbai, Feb 7 - Nifty opened positive on Wednesday but soon lost some sheen to close flat at 21,931 levels. Barring IT, all other sectors ended in green, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services
Nestle net profit up 4% at Rs 656 crore for Oct-Dec
New Delhi, Feb 7 - Nestle India on Wednesday reported a 4.4 per cent rise in net profit at Rs 655.6 crore for the October-December quarter compared to the corresponding figure of Rs 628 crore in the same period of the previous year.
Mobile phone manufacturing up 1,700% in last 10 yrs, exports up 5,600%: MoS IT
New Delhi, Feb 7 - The mobile phone manufacturing has increased from an estimated Rs 18,900 crore in 2014-15 to an estimated Rs 3,50,000 crore in 2022-23, making an impressive increase in production by more than 1,700 per cent, the government said on
Not much excitement in markets ahead of RBI policy meet: Report
New Delhi, Feb 7 - Emkay Global Financial Services has said that there is not much excitement in the markets, ahead of the upcoming MPC meet as most are expecting it to be a non-event with traces of dovishness similar to Dec-23.
Microsoft to help India become an AI world leader: Satya Nadella
Mumbai, Feb 7 - As India embarks on its Artificial Intelligence (AI) journey, Microsoft will help the country become self-reliant by fostering a skilled AI workforce and empowering every sector and industry to transform with AI, the company’s Chairman and CEO, Satya Nadella,
Veg thali prices up, non-veg meal costs come down in Jan
Chennai, Feb 7 - At their homes, vegetarians spent 5 per cent more per thali in January 2024 as compared to January 2023 due to higher prices paid for onion, tomato, rice and pulses, as per a report by CRISIL Market Intelligence &
India exports bananas to Russia after Moscow stops purchase from Ecuador
New Delhi, Feb 7 - India has started supplying bananas to Russia with export volumes planned to be increased in the future, media reports said.
Philippines’ unemployment rate drops to decades-low in Dec, 2023
Manila, Feb 7 - Philippines logged drop in unemployment rate to 3.1 per cent in December, 2023, the lowest since 2005, the country's statistics authority said on Wednesday.
Mutual funds holding in NSE companies at all-time high
New Delhi, Feb 7 - The share of domestic Mutual Funds (MFs) in companies listed on NSE rose to an all-time high of 8.81 per cent as on December 31, 2023, from 8.73 per cent as on September 30, 2023, powered by strong
Flight from Delhi to Jabalpur to restart from March 1, says Scindia
New Delhi, Feb 6 - Union Minister of Civil Aviation, Jyotiraditya Scindia, on Tuesday said that the direct flights from Delhi to Jabalpur and Mumbai to Jabalpur would restart from March.
Wall Street worried about another US regional banking crisis
New York, Feb 6 - US banks hold about $2.7 trillion in commercial real-estate loans.
UBS deepens cost-cutting drive launched after its acquisition of rival Credit Suisse
London, Feb 6 - Swiss lender UBS has deepened a cost-cutting drive launched after its emergency acquisition of rival Credit Suisse, as it slashes thousands of jobs and tries to boost earnings to make sure the mammoth deal pays off, a media report