Rolls Royce successfully kicks off flight test of aero engine Pearl 10X
New Delhi, April 3 - Rolls-Royce said that it successfully kicked off the flight test campaign for its latest aero engine for the business aviation market, the Pearl 10X, on the company’s dedicated Boeing 747 flying testbed.
Musk’s Tesla overtakes Mercedes-Benz as 2nd largest seller of imported cars in March
Seoul, April 3 - Elon Musk-run Tesla overtook Mercedes-Benz as the second-largest seller of imported vehicles in South Korea last month, industry data showed on Wednesday.
SJVN Ltd ropes in IIT Patna to speed up work on tunnelling projects
New Delhi, April 3 - Hydroelectric power major SJVN Limited has signed a memorandum of understanding (MoU) with the Indian Institute of Technology (IIT) Patna to use advanced geological models in the company’s tunnelling projects in order to reduce time and cost overruns,
UPI transactions volume surge 56 pc, average ticket size drops 8 pc: Report
New Delhi, April 3 - The number of Unified Payments Interface (UPI) transactions witnessed a staggering growth at 56 per cent (year-on-year) in the second half of last year (H2 2023), with the volume being at 65.77 billion from 42.09 billion in H2
Gold price surges to record high
New Delhi, April 3 - Gold price in India hit a record high Rs 69, 640 per 10 grams on MCX on Wednesday tracking a sharp increase in international prices of the precious metal, driven by the high safe-haven demand amid escalating geopolitical
Highest inflows by domestic funds since April 2020
New Delhi, April 3 - Domestic institutional investors (DIIs) recorded the eighth consecutive month of inflows in March 2024 at $6.8 billion, the highest since April 2020, Motilal Oswal Financial Services said.
CCI okays IFC’s acquisition of Northern Arc shares
New Delhi, April 2 - The Competition Commission of India (CCI) has approved the acquisition of compulsorily convertible preference shares in Northern Arc Capital Limited by the World Bank’s International Finance Corporation (IFC).
FSSAI tells e-commerce firms to stop misuse of ‘Health Drink’ tag to push sales
New Delhi, April 2 - The Food Safety and Standards Authority of India (FSSAI) has asked all e-commerce food business operators to ensure appropriate categorisation of food products being sold on their websites and not misuse terms such as Health Drink and Energy
JSW Energy gets board nod to raise Rs 5,000 crore through share sale
Mumbai, April 2 - Billionaire Sajjan Jindal-led group company JSW Energy said on Tuesday that its board of directors has approved a proposal to raise Rs 5,000 crore via the sale of shares to institutional investors.
TRAI releases consultation paper to formulate ‘National Broadcasting Policy 2024’
New Delhi, April 2 - The Telecom Regulatory Authority of India (TRAI) on Tuesday released a consultation paper for formulation of the ‘National Broadcasting Policy 2024’, in an effort to bolster the broadcasting sector which is a sunrise industry.
Digital infrastructure is taking India towards Viksit Bharat: Finance Minister Nirmala Sitharaman
Chennai, April 2 - Union Finance Minister Nirmala Sitharaman on Tuesday said that the digital infrastructure is taking the country towards attaining Viksit Bharat by 2047.
Paradip Port pips Kandla to become India’s highest cargo handling port
New Delhi, April 2 - Paradip Port Authority has clocked a record 145.38 million metric tonnes (MMT) cargo throughput in FY 2023-24 to nudge past Deendayal Port, Kandla and emerge as the highest cargo handling major port of the country, according to a
97.69 pc of Rs 2000 banknotes have been returned: RBI
Mumbai, April 1 - The RBI said in its currency update on Monday that 97.69 per cent of the Rs 2000 banknotes in circulation have now been returned.
SAIL saleable steel output increases to record 18.4 million tonnes in 2023-24
New Delhi, April 1 - Public sector giant Steel Authority of India Limited (SAIL), has recorded a 7 per cent rise in saleable steel output to a record level of 18.4 million tonnes for the financial year ended on March 31, 2024 as
GST revenue jumps 11.5 pc in March to Rs 1.78 lakh crore, yearly collection crosses Rs 20 lakh crore
New Delhi, April 1 - The country’s gross Good and Services Tax (GST) revenue for March 2024 jumped by 11.5 per cent over the same month of the previous year, to touch the second-highest collection ever at Rs 1.78 lakh crore, data released
RBI directs banks to step up hassle-free loans to Self Help Groups
Mumbai, April 1 - The RBI on Monday directed all banks to provide adequate incentives to their branches in financing the Self Help Groups (SHGs) and establish linkages with them, making the procedures simple and easy.
Homegrown products built on DPI to propel India towards $5 trillion economy: Experts
New Delhi, March 31 - Homegrown solutions and products built on top of the digital public infrastructure (DPI) by young entrepreneurs will pave the path towards India becoming a $5 trillion economy, industry experts said on Sunday.
India’s policies to empower women take centre stage at G20 meet
Brasilia, March 29 - The second day of the G20 Employment Working Group (EWG) meeting here on Friday started with a special session dedicated to the follow-up of the implementation of commitments made during India’s G20 presidency which includ the need to develop
Sales turnover of Government e-Marketplace doubles to Rs 4 lakh crore in 2023-24
New Delhi, March 29 - The Government e-Marketplace (GeM) has closed the 2023-24 financial year with a Gross Merchandise Value (GMV) of a staggering Rs 4 lakh crore which is double that of the corresponding figure for the previous fiscal year (2022-23), the
Political stability has given India a new sense of confidence: JKLU Laureate awardee Deepak Parekh
Jaipur, March 29 - Amid geological tensions impacting the global economy, India has maintained its pace of having the fastest-growing GDP rates among major economies, thanks to the political stability that the country enjoys today which has given it a new sense of