28 Indian startups raised over $800 mn in funding this week
New Delhi, June 22 - About 28 Indian startups have raised $800.5 million in funding across 29 deals this week.
How Vadhavan port will put India on global map, generate lakhs of jobs
Mumbai, June 22 - The proposed mega Vadhavan port in the Palghar district of Maharashtra, worth Rs 76, 220 crore, would not only boost sea-based trade but also herald a new wave of industrial development towards the country becoming the world’s third-largest economy
FM Nirmala Sitharaman holds pre-Budget meeting with finance ministers of states
New Delhi, June 22 - Union Minister for Finance Nirmala Sitharaman chaired pre-Budget consultations with the Finance Ministers of states and Union Territories to take their views on board for the upcoming Union Budget 2024-25 here on Saturday.
Centre approves Rs 13,595 crore to evacuate green energy from Rajasthan, Karnataka
New Delhi, June 22 - Central government has approved two new Inter State Transmission System (ISTS) schemes to evacuate 9 GW of renewable energy from Rajasthan and Karnataka with an investment of Rs 13,595 crore, the Ministry of Power said on Saturday.
FMCG sales growth in rural areas to outstrip urban markets: Report
New Delhi, June 22 - Rural India has bounced back as a buyer of fast-moving consumer goods (FMCG) such as soaps and soft drinks and sales of these goods are expected to expand at a faster pace than urban areas in the second
Atal Pension Yojana adds record 12.2 million new members in 2023-24
New Delhi, June 22 - A record 12.2 million new accounts were opened in the Atal Pension Yojana (APY) during 2023-24 taking the total enrolments to 66.2 million under the government’s social security scheme, according to figures compiled by the Pension Fund Regulatory
Overseas Indians’ faith grows in Indian economy with $1 billion deposits in April
New Delhi, June 22 - Showing their confidence in the resilient Indian economy despite global macroeconomic conditions, non-resident Indians (NRIs) deposited around $1 billion in the country in April alone.
Markets end lower on profit booking, Adani Ports jump before Sensex inclusion
Mumbai, June 21 - The Indian stock markets closed lower in a volatile session on Friday on profit booking and underperformance in the fast-moving consumer goods (FMCG) sector.
Next 5 years set to further boost India’s domestic electronics manufacturing
New Delhi, June 21 - India, on its way to becoming the global electronics manufacturing hub, has doubled down on the local manufacturing of multiple products -- mobile phones and their components, televisions, semiconductors and other devices -- and the momentum is only
Business activity surges in June, hiring at 18-year high: PMI survey
New Delhi, June 21 - Output growth across India's private sector regained growth in June with business activity increasing at quicker rates among manufacturing companies and services firms while hiring of workers shot up to an 18-year high, according to HSBC’s flash PMI
Japan’s Takeda allows Sun Pharma, Cipla to market gastro drug in India
Mumbai, June 21 - Japan's Takeda Pharmaceutical gave India's Sun Pharmaceutical and Cipla the rights to commercialise the gastrointestinal drug Vonoprazan in the country.
Indian jewellery sector revenue shoots up by over Rs 1 lakh crore in 5 years: Report
Mumbai, June 21 - India's jewellery retail sector has recorded rapid growth in the last five years surging from Rs 5,04, 400 crore in 2019 to 6,40,000 crore in 2024 on the back of rising incomes in the economy and greater trust in
Sensex trades higher led by IT stocks
Mumbai, June 21 - Indian equity indices opened in green on Friday as Infosys, Wipro, and Tech Mahindra were top gainers.
Asset right growth strategy boosts Storii by ITC Hotels on a high growth trajectory
New Delhi, June 21 - Strengthening the presence of Brand Storii, ITC’s Hotel Group has announced the signing of two Storii resorts in Rajasthan.
Sensex jumps 141 points, Nifty closes above 23,550
Mumbai, June 20 - India's benchmark indices closed in the green on Thursday following a rally in metal and banking stocks.
Sensex trades flat after opening in green
Mumbai, June 20 - Indian equity benchmarks were trading flat on Thursday as mixed cues from global markets. At 9.50 a.m., Sensex was down 28 points or 0.04 per cent, at 77,309 and Nifty was down 16 points or 0.07 per cent at
Tata Motors to hike prices of commercial vehicles by up to 2 pc
New Delhi, June 19 - Tata Motors announced on Wednesday that it will hike the prices of its commercial vehicles by up to 2 per cent with effect from July 1 to offset the impact of rising commodity prices.
Sensex ends flat as Titan and Bharti Airtel top losers
Mumbai, June 19 - Indian equity indices closed flat on Wednesday as Titan, Bharti Airtel and Maruti Suzuki were top losers.
Mesabi Metallics appoints Joe Broking as President and CEO
Mumbai, June 19 - Mesabi Metallics Co. LLC has announced the appointment of Joe Broking as the President and Chief Executive Officer of the company.
Public sector banks beat private rivals in efficiency parameter: SBI study
Mumbai, June 19 - Public sector banks in India record a higher level of "efficiency" compared to their private sector counterparts, according to a study conducted by the State Bank of India (SBI).