India’s growing stature in the global economy
New Delhi, March 6 - The GDP forecast upgrade by Moody’s and India’s inclusion in the Bloomberg bond index have added to India’s growing importance in the global economy.
NLC India’s renewable power subsidiary signs PPA with Gujarat Urja Vikas Nigam
Chennai, March 6 - Integrated mining-cum-power generation company NLC India Ltd on Wednesday said its wholly-owned subsidiary NLC India Green Energy Ltd (NIGEL) has won the 600 MW solar power project in the GSECL Khavda Solar Park tender, floated by Gujarat Urja Vikas
Airbus, IIM-Mumbai join hands to provide aviation education, skills
Mumbai, March 6 - Airbus and the Indian Institute of Management, Mumbai (IIM-Mumbai), have joined hands to provide aviation education to professionals and empower them with industry-ready skills through the Airbus Beyond programmes, officials said here on Wednesday.
India’s latest carrier Fly 91 gets air operator certificate
New Delhi, March 6 - India's latest carrier Fly91 has received the Air Operator Certificate (AOC) from aviation watchdog DGCA, it was announced on Wednesday.
J. Kumar Infra to build bridges for Mumbai Eastern Freeway, Navi Mumbai creek
Mumbai, March 6 - The BrihanMumbai Municipal Corporation (BMC) has awarded a Rs 1,330 crore contract to J. Kumar-RSP (JV) for constructing an elevated road corridor for the Eastern Freeway in south Mumbai, an official said here on Wednesday.
India’s chip manufacturing progress under PM Modi begins to jolt China’s dominance
New Delhi, March 6 - As India embarks on its ambitious semiconductor journey with a likely groundbreaking ceremony of three new semiconductor projects worth $15.14 billion, including two from the Tata Group, next week, the bold initiative under Prime Minister Narendra Modi’s leadership
Profit booking in mid and smallcaps reflecting worries about stretched valuations
Mumbai, March 6 - The domestic market exhibited a smart recovery in the second half on Wednesday, reversing initial losses as buying picked up in largecap stocks, said Vinod Nair, Head of Research at Geojit Financial Services.
Top Indian women founders to share innovation stories at ‘Startup Mahakumbh’
New Delhi, March 6 - The much-awaited 'Startup Mahakumbh', the largest celebration of Indian startups, will witness top women founders who will share their innovation stories and highlight their pivotal role within the ecosystem.
Cut & polished diamond exports to dip about 25-30 pc in FY24: CARE Ratings
Chennai, March 6 - Economic conditions in the US and China, growing market for lab grown diamonds (LGD), other avenues for discretionary spending and geopolitical conditions is taking the glitter off the Indian cut and polished diamond (CPD) industry.
Indian aviation sector to log 8-13 pc passenger traffic growth in FY24
Chennai, March 6 - Credit rating agency ICRA on Wednesday said the Indian air passengers traffic is expected to grow by 8 to 13 per cent in FY24 to touch 150-155 million to surpass the pre-Covid levels of 141.2 million in FY20.
India records big jump in agricultural exports to Iraq, Saudi Arabia, Vietnam, UK
New Delhi, March 6 - India’s exports of agricultural products to major markets like Iraq, Vietnam, Saudi Arabia, and the UK, surged by 110 per cent, 46 per cent, 18 per cent, and 47 per cent, respectively, during April-November 2023, compared to the
Aviation industry to see 8 to 13 pc surge in domestic passengers: ICRA report
New Delhi, March 6 - Despite facing supply chain challenges and engine failures, Indian aviation industry is set to scale new heights in the coming years, according to a recent report by ICRA, a leading credit rating agency.
IT Minister to launch NITI Aayog’s platform to boost digital transformation of governance
New Delhi, March 6 - In order to further empower the digital transformation of governance, Union IT and Telecom Minister Ashwini Vaishnaw will launch NITI Aayog’s ‘NITI For States’ platform in the Capital on Thursday.
Gadkari approves Rs 553 cr project for 4-laning highway in Bengal
New Delhi, March 6 - Union Road Transport and Highways Minister Nitin Gadkari on Wednesday said that an allocation of 553.12 crore has been approved for the development and four-laning of the Krishnagar-Behrampore and Barasat–Barajaguli sections on National Highway–34, spanning across Nadia, Murshidabad
Louisa AI secures $5 mn funding to enhance its tech
New Delhi, March 6 - Artificial intelligence (AI) powered platform Louisa AI on Wednesday announced that it has secured $5 million in seed funding to enhance its technology designed to systematise “serendipity” in professional settings.
Indian healthcare innovation market to reach $60 bn by 2028: Report
New Delhi, March 6 - Driven by pharma services and technology, the healthcare innovation market in India is expected to reach $60 billion by 2028, according to a report on Wednesday.
Gold scales record high on growing bets for US interest rate cut in June
New Delhi, March 6 - Gold scaled a record high moving further above $2,100 in a rally sparked by growing bets for a US interest rate cut in June and on safe-haven demand due to the conflict in the Middle East, says Manav
RBI issues new order on credit cards to give customers more choice
Mumbai, March 6 - The RBI on Wednesday issued a directive barring credit card issuers (banks and non-banks) from entering into any arrangement or agreement with card networks such as American Express, MasterCard Asia, Diners Club and Rupay that restrain them from availing
Tata Power installs 1,000 green energy-powered EV charging points in Mumbai
Mumbai, March 6 - Tata Power on Wednesday said it has achieved over 1,000 of its EV charging points in Mumbai which are powered by green energy.
Hyundai, Kia unveil latest electrification technology for EVs
Seoul, March 6 - South Korea's leading automakers Hyundai Motor and Kia said on Wednesday that they showcased the latest technologies involving their electric vehicles (EV) at the annual EV Trend Korea exhibition here.