RBI may cut repo rate only in Q3 FY25: SBI economist
Chennai, April 2 - The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may cut repo rate only in the third quarter of FY25 and not before, said a top economist in the State Bank of India (SBI).
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
IREDA loans for green energy projects surge to Rs 37,354 crore in 2023-24
New Delhi, April 2 - Indian Renewable Energy Development Agency Limited (IREDA), the largest pure-play green financing Non-Banking Financial Company (NBFC) in the country, has achieved its highest-ever annual loan sanctions amounting to Rs 37,354 crore in the financial year 2023-24, according to
DGCA directs Vistara to submit daily flight disruption reports
New Delhi, April 2 - In response to the recent surge in flight disruptions by Vistara Airline, a joint venture of Tata and SIA airlines, the Directorate General of Civil Aviation (DGCA), citing various reasons including crew unavailability, has mandated that the airline
No wealth can match the shine of these eyes, says Gautam Adani about granddaughter
New Delhi, April 2 - No wealth can match the shine of these eyes, said Adani Group Founder and Chairman Gautam Adani, about his granddaughter.
LG Energy begins production at US battery cell plant
Seoul, April 2 - LG Energy Solution Ltd (LGES), South Korea's leading battery maker, said on Tuesday that its joint venture with General Motors began production at their second battery plant in the United States.
Govt to sell bonds worth Rs 38,000 cr via RBI’s multiple price auction method
New Delhi, April 1 - The Finance Ministry on Monday announced the sale of Rs 38,000 crore worth of government bonds through the Reserve Bank of India's new multiple price auction method.
Aditya Birla Fashion proposes to demerge Madura Fashion business into separate listed entity
New Delhi, April 1 - The Board of Directors of Aditya Birla Fashion and Retail Ltd (ABFRL) on Monday authorised the management of the company to evaluate the vertical demerger of the Madura Fashion & Lifestyle business from the ABFRL into a separate
Audio streaming platform Pocket FM completes 1st ESOP buyback worth $8.3 mn
New Delhi, April 1 - Audio series platform Pocket FM on Monday announced it has completed its first ESOP (employee stock ownership plan) buyback worth $8.3 million.
boAt launches 1st ‘India-made’ headphones with head-tracking 3D audio, spatial sound
New Delhi, April 1- Homegrown audio and wearable company boAt on Monday launched India’s first headphones with head-tracking 3D audio and spatial sound features.
PM Modi pats RBI, says India must become ‘financially Aatmanirbhar’ in 10 years
Mumbai, April 1 - Over the next 10 years, India must strive to become a ‘financially Aatmanirbhar’ economy and continue to march ahead confidently in the path of progress and development, Prime Minister Narendra Modi said here on Monday.
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.
Apple ecosystem employed over 1.5 lakh people directly since PLI in 2021: Union Minister
New Delhi, April 1 - The Apple ecosystem employed over 150,000 people directly since the production-linked incentive (PLI) scheme was approved in 2021, making it the country's largest blue-collar job creator, Minister of State for Electronics and IT, Rajeev Chandrasekhar, said on Monday.
Adani Ports handles record 420 MMT cargo globally with impressive 24 pc growth
Ahmedabad, April 1 - Adani Ports and Special Economic Zone Ltd (APSEZ) handled record 420 MMT (million metric tonne) cargo in FY24 (including international ports), which is an impressive 24 per cent growth (year-on-year), with domestic ports contributing over 408 MMT cargo, it
Finance Ministry refutes misinformation on social media over income tax regime
New Delhi, April 1 - The Finance Ministry has clarified that there is no new change in the income tax regime that is coming in from April 1, 2024, as is being reported by some social media platforms.
Adani Total Gas kicks off production at Barsana Biogas Plant towards green future
Ahmedabad, March 31 - In a bid to create a sustainable and green future, Adani TotalEnergies Biomass Limited (ATBL), a wholly-owned subsidiary of Adani Total Gas Limited (ATGL), on Sunday said it has commissioned operations at phase 1 of its Barsana Biogas Plant,
Manufacturing sentiment rises on positive chip, cosmetics outlooks in S. Korea
Seoul, March 31 - South Korea's business outlook for the second quarter reached an 11-quarter high thanks to positive outlooks surrounding semiconductors and cosmetic products, a poll showed on Sunday.