Indonesia identifies over 100 new potential nickel reserve sites
Jakarta, Aug 2 - There are at least 100 additional sites in Indonesia with the potential to contain nickel reserves that remain unexplored, according to recent findings by the Geological Agency of the Energy and Mineral Resources Ministry.
Vietnam’s gold demand hits highest level since 2014
Hanoi, Aug 1 - Gold bar and coin demand in Vietnam in the first half of this year reached 26 tonnes, the highest level since 2014, Vietnam News Agency reported Thursday, citing the World Gold Council's Q2 2024 Gold Demand Trends report.
Bank of England cuts interest rate to 5 percent
London, Aug 1 - The Bank of England (BoE) has voted to cut its benchmark interest rate to five per cent, the United Kingdom's (UK) central bank said in a statement on Thursday.
Textile factory resumes operation in Afghanistan
Kabul, Aug 1 - The operation of a textile plant in south Afghanistan's Kandahar province was resumed after more than two decades of suspension, General Director of the plant Mawlawi Mohammad Salim Sabir said on Thursday.
Major Southeast Asia economies to see promising growth in 10 years: Report
Singapore, Aug 1 - The top six economies in Southeast Asia, Vietnam, the Philippines, Indonesia, Malaysia, Thailand, and Singapore, will grow at an annual average rate of 5.1 per cent over the next 10 years, according to a report issued on Thursday.
Historic day for Indian stock market, Nifty closes above 25,000 for first time
Mumbai, Aug 1 - Indian frontline indices closed at a record high on Thursday due to positive sentiment in the market.
Adani Enterprises Ltd posts 116 pc net profit growth at Rs 1,458 crore in Q1
Ahmedabad, Aug 1 - Adani Enterprises Ltd (AEL) on Thursday reported a robust net profit of Rs 1,458 crore in the April-June quarter, an impressive 116 per cent growth from the same quarter last fiscal.
UPI transactions surge 35 pc to reach Rs 20.64 lakh crore in July: NPCI
New Delhi, Aug 1 - The Unified Payments Interface (UPI)-based transactions surged once again in the month of July, reaching Rs 20.64 lakh crore against Rs 20.07 lakh crore in the previous month – a massive 35 per cent surge (year-on-year), the data
Ambuja Cements clocks sustainable performance in Q1, to expand footprint in new geographies
Ahmedabad, July 31 - Cement and building materials major Ambuja Cements on Wednesday reported sustainable quarterly results for the April-June quarter, with operating EBITDA at Rs 1,280 crore and PAT at Rs 790 crore.
India best performer among top 5 stock markets, mcap reaches over $5.5 trillion
Mumbai, July 31 - India is the best-performing stock market among the top five globally, and it delivered over 25 per cent return (in terms of market cap) from the beginning of 2024.
Six crore ITRs filed in 2023-24, 70 pc under new tax regime
New Delhi, July 31 - Around six crore income tax returns have been filed in 2023-24, of which 70 per cent were filed under the new simplified tax regime which offers a lower rate of tax but fewer deductions, Revenue Secretary Sanjay Malhotra
FM Sitharaman slams Oppn’s ‘misleading campaign’ on Budget 2024, cites UPA-era figures
New Delhi, July 30 - Finance Minister Nirmala Sitharaman on Tuesday reiterated her defence of the Union Budget 2024-2025 and said that the government didn’t ‘discriminate’ between BJP and non-BJP states, as claimed by the Opposition parties.
YouTube says providing Indian creators new ways to generate revenue, unlock ‘fandoms’
New Delhi, July 30 - Google-owned YouTube is helping Indian creators unlock 'fandoms' in three ways -- creation, monetisation and community – allowing them new tools to generate revenue directly from dedicated fans, Ishan John Chatterjee, Director-India, YouTube, said on Tuesday.
Govt policy push to drive e-bus sales to 6K-6.5k this fiscal: Report
Mumbai, July 30 - Electric bus (e-bus) sales in India will rise by 75 to 80 per cent on a year-on-year basis due to policy push by government authorities, a report said on Tuesday.
Indian spacetech startups witness record-breaking funding amid govt push
Bengaluru, July 30 - India’s spacetech sector witnessed record-breaking funding of $126 million in 2023 -- a 7 per cent increase from the $118 million raised in 2022 and a whopping 235 per cent increase from $37.6 million in 2021, a report showed
India fastest-growing market, offers huge opportunity for us: Top Samsung executive
New Delhi, July 30 - Signalling the growing importance of India for the South Korean giant, Jong-Hee (JH) Han, Vice Chairman, CEO and Head of the Device eXperience (DX) Division at Samsung Electronics, said on Tuesday that the country is one of the
AI & robotics firms dominate office space absorption in Bengaluru in Q2: Report
Bengaluru, July 30 - Rapid global advancement in artificial intelligence has spurred demand for office space, and AI and robotics companies accounted for 21 per cent of the city's absorption in the April-June quarter, a report said on Tuesday.
Uzbekistan proposes development of new types of tourism
Tashkent, July 30 - The Agency for Strategic Reforms under the President of the Republic of Uzbekistan in cooperation with the State Committee for Tourism, has prepared a draft resolution on the development of tourism in Uzbekistan, the agency press service reported.
India warehousing space demand skyrockets amid robust manufacturing: Report
Mumbai, July 30 - Amid growing demand from the manufacturing sector, warehouse transactions across eight primary markets in India were recorded at 23 million square feet in the first half this year, a report showed on Tuesday.
India-made telecom equipment now being exported to more than 100 nations
New Delhi, July 30 – Designed and manufactured in India, telecom equipment are now being exported to over 100 countries, the Centre has informed. Last year, the country exported telecom equipment and services worth more than $18.2 billion. “Many of our homegrown telecom