Good governance crucial than highest market cap for startups: Industry leaders
New Delhi, March 20 - As certain Indian digital companies like Byju’s, with a mammoth $22 billion valuation once, get embroiled in corporate governance issues, top industry leaders have said that running a clean company with honest practices and good governance is more
SEBI proposes audiovisual format for IPO disclosures
New Delhi, March 19 - Markets regulator SEBI has proposed that the disclosures made in the DRHP and RHP of public issues shall also be made available in audiovisual (AV) format by the issuer companies desiring to list on the main board.
India’s direct tax collections jump 20% to cross Rs 18. 9 lakh crore in 2023-24
New Delhi, March 19 - The country's Direct Tax collections for the current financial year, ending on March 31, 2024 have shot up by 19,88 per cent to Rs 18,90,259 crore compared to Rs 15,76,776 crore in the same period of the previous
CCI approves Ultra Tech’s acquisition of Kesoram cement business
New Delhi, March 19 - The Competition Commission of India (CCI) on Tuesday approved the acquisition of Kesoram Cement Business by UltraTech Cement Limited from Kesoram Industries Limited.
‘India targets to hike share of natural gas in the energy mix to 15 per cent’
Chennai, March 19 - India targets to increase the share of natural gas in its overall primary energy mix to 15 per cent by 2030 from the prevailing 6 per cent share, said credit rating agency CARE Ratings.
RBI fines Tamilnad Mercantile Bank, DCB Bank for breach of norms
Mumbai, March 19 - The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.38 crore on Tamilnad Mercantile Bank Limited and a fine of Rs 63.6 lakh on DCB Bank Ltd. (the bank) for not complying with regulatory norms.
India will have 10-15 lakh startups, 500 unicorns by 2029: BJP’s Hitesh Jain
New Delhi, March 19 - Startups are the ambassadors of 'Viksit Bharat' and by 2029, the country will have at least 10-15 lakh startups and about 500 unicorns, thus creating thousands of jobs for the youth, BJP Mumbai Pradesh Vice President Hitesh Jain
Dr Reddy’s launches cancer drug in the UK
Chennai, March 19 - Pharma major Dr Reddy's Laboratories Ltd on Tuesday announced the launch of its cancer drug Versavo (bevacizumab) in the UK.
GoodEnough to set up Rs 450 crore factory for energy storage systems in J&K
New Delhi, March 19 - GoodEnough Energy on Tuesday announced that it would make an investment of over Rs 450 crore for setting up a Battery Energy Storage System (BESS) gigafactory in Jammu & Kashmir.
NHAI raises record Rs 16,000 crore war chest via highway monetisation
New Delhi, March 19 - National Highways Authority of India (NHAI), has raised a record Rs 16,000 crore through its Infrastructure Investment Trust for the monetisation of various highway stretches of the aggregate length of 889 kilometers.
Strong demand, high corporate profits to propel India’s growth ahead: RBI
Mumbai, March 19 - The high visibility of structural demand and healthier corporate and bank balance sheets are likely to propel India’s growth going forward even as the global economy is losing steam, according to the RBI’s monthly bulletin released on Tuesday.
Zomato launches ‘Pure Veg Mode’ with vegetarian riders from eateries that don’t serve meat
New Delhi, March 19 - Zomato Co-founder and CEO Deepinder Goyal on Tuesday announced a ‘Pure Veg Mode’ along with a ‘Pure Veg Fleet’ on his platform for customers with 100 per cent vegetarian dietary preference.
Air pollution biggest contributor to lung diseases, say experts at ASSOCHAM ‘Illness To Wellness’ Summit
New Delhi, March 19 - On the second day of the ‘Illness to Wellness’ Summit organised by the ASSOCHAM Foundation for CSR, under the aegis of Associated Chambers of Commerce and Industry of India (ASSOCHAM), eminent medical practitioners shared their views on how
Ahmedabad-Mumbai bullet train to be launched in 2026: Railway Minister Ashwini Vaishnaw
New Delhi, March 19 - Railway Minister Ashwini Vaishnaw said on Tuesday that the Ahmedabad- Mumbai bullet train will be launched in 2026.
Airtel Payments Bank joins Noise, Mastercard to launch smartwatch
New Delhi, March 19 - Airtel Payments Bank on Tuesday said that it collaborated with smartwatch brand Noise and global technology company in the payments space Mastercard to launch the new smartwatch to redefine and make contactless payments accessible to a larger consumer
Brand Storii to expand presence in Uttarakhand with a river-front property
New Delhi, March 19 - In keeping with its focus on the asset right growth strategy, ITC Hotels announced the signing of Storii Rishikesh, Uttarakhand.
Indian SaaS startups poised to create 100 new AI unicorns: Report
Bengaluru, March 19 - Indian AI software-as-a-service (SaaS) startups are poised for the next wave of innovation, helping create 100 new AI unicorns, a new report showed on Tuesday.
Adani Electricity introduces EV ‘Share Charge’ for Mumbai housing societies
Mumbai, March 19 - The Adani Electricity Mumbai Ltd has launched the ‘Share Charge’ initiative, simplifying electric vehicle charging in residential complexes in the city, an official spokesperson said here on Tuesday.
Ashok Leyland ties up with Minus Zero for developing self-driving trucks
Chennai, March 19 - Commercial vehicle manufacturer Ashok Leyland on Tuesday announced a strategic partnership with tech startup Minus Zero to develop self-driving trucks.
Bribery ‘highly unlikely’ for Adani Group due to robust transparency in energy sector in India: JP Morgan
New Delhi, March 19 - Given the high level of transparency involved in various renewable energy tenders floated in India, the scope for corruption and bribery looks "highly unlikely" for the Adani Group, a JP Morgan report said on Tuesday, adding that the