Adani Portfolio posts record 63.6 per cent profit growth, sets stage for unrivalled green investments
Ahmedabad, Feb 29 - The Adani Portfolio of companies on Thursday reported a record quarterly profit growth of 63.6 per cent (year-on-year), as trailing 12-month EBITDA (as of December 2023) stood at Rs 78,823 crore ($9.5 billion), which is 2.5 times the EBITDA
CG Power gets Cabinet nod for Rs 7,600 crore semiconductor unit in Gujarat
Chennai, Feb 29 - Murugappa Group's CG Power and Industrial Solutions Ltd on Thursday got the Union Cabinet's nod for setting up a semiconductor unit for specialised chips at an outlay of Rs 7,600 crore.
India’s GDP growth surges to 8.4 per cent in Q3, 2023-24 growth rate pegged at robust 7.6 per cent
New Delhi, Feb 29 - India's economy sprang a surprise with an 8.4 per cent surge in GDP growth during the third quarter (October-December), as a result of which the country's economic growth rate for the financial year 2023-24 is now estimated at
New investments in semiconductor chips will remain in Asia but moving away from China: Moody’s Analytics
Chennai, Feb 29 - Even though new investments in the semiconductor industry seem to be moving away from China, electronics production will continue to remain in Asia for the foreseeable future, said Moody's Analytics in a report.
IndiaTech partners T9L to launch early-stage incubation programme for startups
New Delhi, Feb 29 - Leading startup incubator T9L and IndiaTech, which represents Indian startups and investors in the technology space, on Thursday announced the launch of an early-stage incubation programme for startups 'QUBE'.
CG Power and Industrial Solutions receives I-T demand of Rs 188 cr
New Delhi, Feb 29 - CG Power and Industrial Solutions has received a demand for Rs 188.78 crore from the Income Tax Department in respect of the assessment year 2022-23.
Cabinet approves 3 semiconductor fab units, to generate 80,000 jobs
New Delhi, Feb 29 - The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved the establishment of three semiconductor fabrication (fab) units that will start construction within the next 100 days and generate direct employment of 20,000 advanced technology jobs
Indian innovation key to solving health, agriculture, climate issues: Bill Gates
New Delhi, Feb 29 - Indian innovations across the spectrum are fantastic and are the key to solving problems in the field of health, agriculture, gender and climate, Microsoft Co-founder and philanthropist, Bill Gates, said in the national Capital on Thursday.
India received Rs 2.5 lakh crore worth investment proposals in chip sector: Centre
New Delhi, Feb 29 - India has received over Rs 2.5 lakh crore worth investment proposals in the semiconductor sector, ranging from packaging, design and research and development, the Centre said on Thursday.
Ad spending in India to reach $17 bn in FY24, consumption to rebound: Report
New Delhi, Feb 29 - Overall ad spending in India is estimated to reach $16-17 billion in FY24, growing at 6 per cent in the fiscal year, a report showed on Thursday.
Airtel to lead tariff hikes for healthy valuations, UK award recognises India’s rise: Sunil Mittal
New Delhi, Feb 29 - Sunil Bharti Mittal, who became the first Indian to be knighted by Britain's King Charles III, said on Thursday that Airtel will take the lead in raising telecom tariffs if market signals are perfect to keep valuations healthy,
PPBL demonstrates efficient resolution of customer issues within days
New Delhi, Feb 29 - In the ever-evolving financial sector, Paytm Payments Bank Ltd. (PPBL) has shown a noteworthy commitment to customer satisfaction through the swift resolution of customer complaints.
S. Korean President, Meta CEO Zuckerberg discuss cooperation on AI
Seoul, Feb 29 - South Korean President, Yoon Suk Yeol and Meta Platforms CEO, Mark Zuckerberg met in Seoul on Thursday and discussed ways to expand cooperation in the Artificial Intelligence (AI) and Extended Reality (XR) sectors, a presidential official said.
ONDC wins ‘Start-up of the Year’ award at 14th India Digital Awards
New Delhi, Feb 29 - The Open Network for Digital Commerce (ONDC) on Thursday said that it has been awarded the "Start-up of the Year'' at the 14th India Digital Awards.
Centre fixes 320 lakh tonnes wheat procurement target, 6 lakh tonnes for millets
New Delhi, Feb 29 - The Centre has fixed the estimates for wheat procurement during the ensuing rabi marketing season 2024-25 in the range of 300-320 lakh metric tonnes after carrying out consultations with the states, the Food Ministry said on Thursday.
Central govt subsidy on loans to farmers jumps over 5-fold to Rs 1.3 lakh crore in 2014-2023
New Delhi, Feb 29 - There has been a more than 5-fold jump in the amount spent by the Prime Minister Narendra Modi-led government on extending loans at subsidised rates of interest to benefit farmers during the last 9 years compared to the
Dabolim airport will survive due to its potential: Director Rao
Panaji, Feb 28 - After the opposition parties in Goa alleged that the BJP government in the state is hatching a conspiracy to close down the Dabolim airport in South Goa, its director S.V.T. Dhanamjaya Rao clarified on Wednesday that the airport will
Tata Group will soon announce mega investment in semiconductor sector: Chandrasekaran
Chennai, Feb 28 - Multi-product conglomerate Tata Group will soon announce its next big investment in the semiconductor and mobile battery manufacturing businesses, a top official of Tata Sons said on Wednesday.
India wants WTO to prioritize development of Global South
Abu Dhabi, Feb 28 - India on Wednesday put forward a strong case for keeping development and the interests of the Global South at the core of the World Trade Organization (WTO) agenda.
Sunil Bharti Mittal conferred honorary knighthood by King Charles III
New Delhi, Feb 28 - Bharti Enterprises Chairman Sunil Bharti Mittal has become the first Indian citizen to be awarded a honorary knighthood by the United Kingdom.