Automobile sales clock 9 pc growth in April-June quarter
New Delhi, July 16 - The retail sales of automobiles in the country registered a 9 per cent growth in the April-June quarter of the financial year 2024-25, compared to the same period last year, according to figures compiled by the Federation of
RBI issues directions for banks, NBFCs to cut fraud risk
Mumbai, July 15 - The Reserve Bank of India on Monday issued three revised Master Directions on fraud risk management for banks, NBFCs and housing finance companies.
Kharif crop sowing grow by 10.3 pc amid better monsoon
New Delhi, July 15 - The total area under kharif crop sowing during the ongoing season has increased by 10.3 per cent to cross 575 lakh hectares due to the better monsoon this year, data released by the Ministry of Agriculture on Monday
US-based A.O. Smith to acquire Hindustan Unilever-owned Pureit
Mumbai, July 15 - Global water technology company A.O. Smith Corporation on Monday announced the acquisition of Pureit from Hindustan Unilever for an undisclosed sum.
Govt inks production pacts for 3 coal mines to pave way for Rs 4,500 cr investment
New Delhi, July 15 - The Ministry of Coal on Monday signed development and production agreements for three coal mines auctioned under the second attempt of the 7th round which are expected to bring in an investment of Rs 4,500 crore.
India’s goods & services exports jump 8.6 pc to cross $200 bn in April-June
New Delhi, July 15 - India’s goods and services exports increased by 5.4 per cent in June to $65.47 billion while the cumulative overall growth of exports during the April-June quarter this year rose 8.6 per cent to $200.33 billion, according to figures
Adani Group to provide 11 lakh saplings to MP as part of sustainable future goal
Ahmedabad, July 15 - The Adani Group on Monday said it has joined hands with the Madhya Pradesh government to provide 11 lakh saplings -- out of 51 lakh trees to be planted in Indore -- in line with the Group's commitment to
India’s electronic goods exports up 16.9 pc at $2.82 bn in June
New Delhi, July 15 - The Centre on Monday informed that electronic goods exports increased by 16.91 per cent in the month of June (year-on-year), bolstered by the production-linked incentive (PLI) scheme.
Indonesia starts exporting electricity to Papua New Guinea
Jakarta, July 15 - Indonesian President Joko Widodo and Papua New Guinea Prime Minister James Marape met at the Bogor Palace on Monday to discuss cooperation in various fields, including electricity exports to the border region.
Apple’s India sales hit new high in FY24 amid increased manufacturing, premiumisation trend
New Delhi, July 15 - As China and Vietnam falter amid India's push for domestic manufacturing owing to the production-linked incentive (PLI) scheme, tech giant Apple saw a robust around $8 billion sales in the country in the last fiscal (FY24) – a
Stock markets continue upward trajectory, Nifty touches fresh all-time high
Mumbai, July 15 - The Indian benchmark indices on Monday continued their upward momentum driven by positive expectations from the upcoming Union Budget and robust foreign institutional investor (FII) inflows, along with better-than-expected results from the IT sector.
Sridhar Vembu on developing talent, addressing ‘power imbalance at Indian workplaces
New Delhi, July 15 - Zoho Co-founder and CEO Sridhar Vembu on Monday said that addressing “power imbalance” or “respect imbalance” is very important to be really connected and grounded in reality at the workplace.
Budget needs to further accelerate robust digital infra across India: Industry
New Delhi, July 15 - The Digital Infrastructure Providers Association (DIPA) on Monday urged the government to extend input tax credit for telecom towers under the GST regime in the upcoming Union Budget 2024-2025, which would significantly reduce costs for infrastructure providers and
WPI inflation remains benign, food prices to rationalise in next 2-3 months: Experts
Mumbai, July 15 - Inflation in the food articles is expected to rationalise by September/October as many of the Kharif crops will be entering the mandis supplementing the existing supply, industry experts said on Monday.
Ashok Leyland bags order for 2,104 buses from Maharashtra State Road Transport Corporation
New Delhi, July 15 - Commercial vehicle manufacturer Ashok Leyland, on Monday, said it has bagged the single-largest, fully-built bus order from the Maharashtra State Road Transport Corporation (MSRTC) for 2,104 units of its Viking passenger bus.
Homegrown EV firm BluSmart raises Rs 200 cr
New Delhi, July 15 - Homegrown Electric Vehicle (EV) company BluSmart on Monday said it has raised $24 million (about Rs 200 crore) in its pre-series B round.
AMD, IIT-B partner to support semiconductor startups in India
New Delhi, July 15 - Chip-maker AMD India on Monday announced a partnership with the Society for Innovation and Entrepreneurship (SINE), an incubator at IIT-Bombay, to promote semiconductor startups in the country.
Equity mutual funds’ AUM reach Rs 23.8 lakh crore in June in India
Mumbai, July 15 - The assets under management (AUM) of equity mutual funds witnessed a growth of 8.27 per cent sequentially to reach Rs 23,84,727 crore in June, from Rs 22,02,497 crore in May (excluding sectoral/thematic funds), a report showed on Monday.
WPI inflation edges up to 3.36 pc in June
New Delhi, July 15 - The annual rate of inflation based on the all-India Wholesale Price Index (WPI) number edged up to 3.36 per cent in June this year compared to the same month of the previous year, figures released by the Commerce
Bolivia’s entry in Mercosur important step in regional integration: Minister
La Paz, July 15 - Bolivia's full entry into the Southern Common Market (Mercosur) is a historic event and represents a "very important hinge in regional integration," said Foreign Affairs Minister Celinda Sosa Lunda.