SpiceJet’s Board approves allotment of 4.01 cr shares to two investors, raises additional Rs 316 cr
New Delhi, Feb 22 - SpiceJet on Thursday said that the Preferential Allotment Committee had approved the allotment of 4.01 crore equity shares on a preferential basis to two investors, including Aries Opportunities Fund Limited.
Coal PSUs enhance green cover with 235 lakh trees across 10,784 hectares
New Delhi, Feb 22 - Coal PSUs have planted more than 235 lakh saplings over an area exceeding 10,784 hectares in the five-year period FY 2019-20 to FY 2023-24 till January, thus enhancing the country’s carbon sink significantly, the Ministry of Coal said
India’s DPI holds incredible promise, says Uber CEO as company partners ONDC
Bengaluru, Feb 22 - Ride-hailing major Uber on Thursday signed an agreement with the government’s e-commerce platform Open Network for Digital Commerce (ONDC) to explore an integration with the network to expand the range of mobility offerings on the Uber app.
PM Modi 3.0 to further bolster $300 bn electronics manufacturing goal: Industry body
New Delhi, Feb 22 - The industry and the government are working to scale electronics manufacturing in India towards meeting the $300 billion goal in the next few years and Prime Minister Narendra Modi 3.0 will cement this vision in the next five
Space industry welcomes new FDI norms, expects $25 bn fresh investment in 10 years
Chennai, Feb 22 - India’s decision to revise its Foreign Direct Investment (FDI) norms for the space sector is expected to bring in fresh foreign investments up to $25 billion over the next decade and result in a wave of collaborations between Indian
Hyundai India proposed IPO could open floodgates for many more MNCs to list in India
New Delhi, Feb 22 - Hyundai India, which was established nearly three decades ago, recently announced its listing plans in India.
AI adoption will be widespread but slow in risk and compliance: Moody’s
Chennai, Feb 22 - Even as Artificial Intelligence (AI) is deepening its reach into everyday risk and compliance, the transition will not happen overnight, finds a survey by Moody’s.
India’s market capitalisation will likely touch $10 trillion by 2030
New Delhi, Feb 22 - India’s market cap is currently the 5th largest globally (US $4.5 trillion) but its weight in global indices is still low at 1.6% (10th rank), foreign brokerage, Jefferies said in a report.
India’s biz activity surges to 7-month high in Feb
New Delhi, Feb 22 - The growth rate in India’s business activity accelerated to a 7-month high in February driven by a strong demand for both manufacturing and services, according to a private economic survey released on Thursday.
Indus Appstore a historic moment for India in global digital economy: Ashwini Vaishnaw
New Delhi, Feb 22 - The launch of indigenously-developed Indus Appstore is a historic moment for India which will help the country leapfrog in the global digital economy, Union IT and Railways Minister Ashwini Vaishnaw has stressed.
Sensex down more than 300 points
New Delhi, Feb 22 - BSE Sensex is down more than 300 points in morning trade on Thursday.
Cabinet okays 8% hike in sugarcane price, move to benefit 5 cr farmers
New Delhi, Feb 21 - The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Wednesday approved an 8 per cent increase in the Fair and Remunerative Price (FRP) of sugarcane to Rs 340 per quintal for the sugar season
Merchants across India continue to use Paytm & its pioneering devices
New Delhi, Feb 22 - One 97 Communications Limited (OCL), that owns financial services major Paytm, has received immense support from the merchant community across the country.
American delegation visits Ram Temple in Ayodhya
Ayodhya, Feb 21 - Quantum Integrators CEO and India Business Association's Advisory Chairman, Raj Pandya, led an American delegation to Ayodhya, consisting of leaders of the Indian-American diaspora.
India to have 3 to 4 chip fab plants in next 5 years: IT Minister at PhonePe event
New Delhi, Feb 21 - The government is planning to have at least three to four semiconductor fabrication plants in the next five years, as the country gears up for the first indigenous chip roll-out in December this year, Union IT and Railways
iCreate, Microsoft, IT Ministry to skill 11K innovators, startups in AI in India
New Delhi, Feb 21 - Microsoft India and iCreate (the International Centre for Entrepreneurship and Technology) will provide AI skilling opportunities to 11,000 innovators, startups, and youth from across the country via Microsoft's learning management system, it was announced on Wednesday.
NTPC signs land lease pact for setting up Green Hydrogen Hub near Vizag
New Delhi, Feb 21 - Power sector giant NTPC has signed a land lease agreement for the development of a world-class “Integrated Green Hydrogen Hub” on a 1,200-acre plot at Pudimadaka village near Visakhapatnam in Andhra Pradesh, the Ministry of Power announced on
Govt hardsells coal gasification projects at Mumbai roadshow
Mumbai, Feb 21 - The Ministry of Coal said on Wednesday that it got an encouraging response to its roadshow aimed at promoting coal gasification projects across the nation aligned with India’s vision for a cleaner and energy-efficient future.
Negotiations on at acquiring Paytm Payments Bank businesses as RBI deadline looms
New Delhi, Feb 21 - As Paytm Payments Bank announced to shift its nodal account to Axis Bank by opening an escrow account, speculations started on which bank or financial services major is vying to get what businesses at the Paytm subsidiary as
Air India signs component programme with SIA for A320 aircraft
New Delhi, Feb 21 - Tata-owned Air India on Tuesday announced signing of an Inventory Technical Management programme with SIA Engineering Company Ltd.