New road projects will make MP industrial & agricultural hub: Gadkari
Bhopal, Jan 30 - Union Minister for Road Transport and Highways Nitin Gadkari on Tuesday laid the foundation for 15 National Highway road projects measuring 499 km and worth Rs 8,038 crore for Madhya Pradesh.
Indian Oil posts big jump in net profit at Rs 8,063 cr for Q3
New Delhi, Jan 30 - Indian Oil Corporation (IOC) on Wednesday announced a massive jump in net profit for the third quarter of FY 2023-24 to Rs 8,063 crore from the corresponding figures of Rs 448 crore in the same quarter of FY
Zee shares up 5% amid reports of arbitration hearing in Singapore
Mumbai, Jan 30 - Zee Entertainment shares jumped more than 5 per cent on Tuesday amid reports of an emergency arbitration hearing of its terminated merger with the Sony Group in Singapore.
Gadkari rolls out highway projects worth Rs 2,367 crore in MP
New Delhi, Jan 30 - Minister of Road Transport and Highways Nitin Gadkari on Tuesday inaugurated and laid the foundation stone of nine national highway projects worth Rs 2,367 crore covering a total length of 225 km in Madhya Pradesh’s Jabalpur district.
India’s M&A deal activity maintains long-term momentum, mid-market in focus
New Delhi, Jan 30 - India's strategic merger and acquisition (M&A) deal activity in 2023 maintained its long-term momentum, with deal volumes surpassing levels seen over the past 10 years, apart from the exceptional record year of 2022, a report showed on Tuesday.
TVS ILP to develop logistics, warehousing park in Goa
Chennai, Jan 30 - TVS Industrial and Logistical Parks (TVS ILP) on Tuesday announced signing of MoU with the Goa Investment Promotion & Facilitation Board (Goa-IPB) for the development of logistics and warehousing park in the Verna Industrial Estate.
Competitive intensity lower for upcoming projects
Mumbai, Jan 30 - Adani Energy Solutions (AESL) feels that the competitive intensity for the Tariff Based Competitive Bidding (TBCB) based projects -- worth Rs 1.1 lakh crore in pipeline -- has ebbed significantly.
Finance Ministry bullish on 7% plus growth but flags geopolitical risk
New Delhi, Jan 30 - Although the Indian economy is expected to grow above 7% driven by strong domestic demand and economic reforms, geopolitical risks such as the fallout of Israel-Hamas war pose a risk, according to a Finance Ministry report ahead of
Zee says not aware of Disney Star’s next steps on licence agreement
New Delhi, Jan 30 - Zee Entertainment Enterprises has said that the company is not aware of, and cannot comment on, Star India Private Limited’s ('Disney Star') intentions or next steps with respect to the strategic licence agreement entered between the company and
Fidelity further marks down Meesho valuation to $3.5 bn
New Delhi, Jan 30 - Global investment firm Fidelity has further marked down the value of its holding in social commerce platform Meesho, to $3.5 billion.
Bajaj Finance shares slump more than 4 per cent after quarterly results
New Delhi, Jan 30 - Bajaj Finance shares slumped more than 4 per cent on Tuesday on elevated credit costs from B2C businesses and NIM contraction.
NTPC inks pact for green hydrogen project in Maharashtra
New Delhi, Jan 30 - NTPC Green Energy Limited (NGEL) has signed a Memorandum of Understanding (MoU) with the Maharashtra Government for the development of Green Hydrogen and derivatives (Green Ammonia, Green Methanol) of up to 1 million tonnes capacity per annum, the
1.14 lakh startups generate more than 12 lakh jobs in India: FinMin
New Delhi, Jan 30 - More than 1.14 lakh startups in India have created over 12 lakh jobs so far, the Finance Ministry said in its latest review of the Indian economy.
Budget 2024: No major changes expected in taxation relating to the capital market
New Delhi, Jan 30 - Geojit Financial Services Chief Investment Strategist V. K. Vijayakumar said in the near-term, expectations regarding the budget will influence the market.
India expected to become third-largest economy in next 3 years: FinMin
New Delhi, Jan 29 - In the next three years, India is expected to become the third-largest economy in the world, with a GDP of $5 trillion, the Finance Ministry said in a review of the Indian economy just days before the Interim
Finance Ministry says Indian economy to grow 7% in FY24
New Delhi, Jan 29 - The Finance Ministry said on Monday that it now appears very likely that the Indian economy will achieve a growth rate at or above 7 per cent for FY24, while some predict it will achieve another year of
My head is bloody, but unbowed: Byju Raveendran writes to shareholders
New Delhi, Jan 29 - Byju Raveendran, the founder and CEO of embattling edtech company Byju’s, in his letter to shareholders, has drawn parallels with 'Invictus' a short poem by William Ernest Henley, saying “My head is bloody, but unbowed."
Crisis-hit Chinese property giant Evergrande ordered to liquidate
Hong Kong, Jan 29 - Debt-laden Chinese property giant Evergrande has been ordered to liquidate by a court in Hong Kong, a media report said.
Nifty records biggest single-day gain since Dec 4
Mumbai, Jan 29 - Nifty ended the first day of the week with its biggest single-day gain since December 4 with heavyweight Reliance Industries contributing the most to the gains, Deepak Jasani, Head Retail Research at HDFC Securities, said on Tuesday.
Jaishankar opens IHCL hospitality skill centre in Gujarat
Ahmedabad, Jan 29 - Aiming at enhancing the hospitality sector in Gujarat's Ekta Nagar, External Affairs Minister S Jaishankar inaugurated the Indian Hotels Company Limited (IHCL) Skill Centre.