Government puts up 67 coal mines for auction across 8 states
Hyderabad, June 21 - The Ministry of Coal on Friday put up 67 coal mines for auction across eight states, including Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, West Bengal and Telangana.
Atal Pension Yojana adds record 12.2 million new members in 2023-24
New Delhi, June 22 - A record 12.2 million new accounts were opened in the Atal Pension Yojana (APY) during 2023-24 taking the total enrolments to 66.2 million under the government’s social security scheme, according to figures compiled by the Pension Fund Regulatory
Overseas Indians’ faith grows in Indian economy with $1 billion deposits in April
New Delhi, June 22 - Showing their confidence in the resilient Indian economy despite global macroeconomic conditions, non-resident Indians (NRIs) deposited around $1 billion in the country in April alone.
The real estate commission shakeup: A buyer’s (and seller’s) market emerges
The way Americans buy and sell homes is undergoing a significant shift, driven by a recent court ruling and changes to the traditional real estate commission structure. Here’s a breakdown of what’s happening: The Old Guard Gives Way:•The National Association of Realtors (NAR),
Workers getting better deal as share of India’s formal economy rises
New Delhi, June 21 - India has succeeded in reducing the size of its the informal economy to 23.7 per cent in 2022-23 compared to 25.9 per cent in 2015-16 which works out to a growth of Rs 26 lakh crore in absolute
Grade A warehousing demand to grow at 12.5 pc in India till FY30: Report
New Delhi, June 21 - The demand for Grade A warehousing stock will grow at a Compounded Annual Growth Rate (CAGR) of 12.5 per cent in India until FY30, a new report said on Friday.
Adani Group eyes $100 bn capex in next decade with focus on energy transition, digital infra: Jefferies
Ahmedabad, June 21 - The Adani Group is eyeing $100 billion of capex over the next decade with major outlays on energy transition projects and digital infrastructure for the next leg of growth, a Jefferies report said on Friday.
Markets end lower on profit booking, Adani Ports jump before Sensex inclusion
Mumbai, June 21 - The Indian stock markets closed lower in a volatile session on Friday on profit booking and underperformance in the fast-moving consumer goods (FMCG) sector.
10th round of commercial coal mine auction launched
Hyderabad, June 21 - Union Minister for Coal and Mines, G Kishan Reddy, on Friday launched the 10th round of commercial coal mine auction, putting 60 mines for sale.
Next 5 years set to further boost India’s domestic electronics manufacturing
New Delhi, June 21 - India, on its way to becoming the global electronics manufacturing hub, has doubled down on the local manufacturing of multiple products -- mobile phones and their components, televisions, semiconductors and other devices -- and the momentum is only
Ambuja Cements, ACC redefining construction landscape with next-gen digital initiatives
Ahmedabad, June 21 - Ambuja Cements and ACC Limited, the cement and building material companies of the Adani Portfolio, on Friday said they are excited to unveil their commitment towards innovation that will redefine the construction landscape through a series of visionary digital
Business activity surges in June, hiring at 18-year high: PMI survey
New Delhi, June 21 - Output growth across India's private sector regained growth in June with business activity increasing at quicker rates among manufacturing companies and services firms while hiring of workers shot up to an 18-year high, according to HSBC’s flash PMI
NSE warns investors of individuals, entities promising assured returns in stock market
New Delhi, June 21 - The National Stock Exchange (NSE) issued an advisory on Friday cautioning investors of certain individuals and entities promising assured returns on investment in the stock market.
Japan’s Takeda allows Sun Pharma, Cipla to market gastro drug in India
Mumbai, June 21 - Japan's Takeda Pharmaceutical gave India's Sun Pharmaceutical and Cipla the rights to commercialise the gastrointestinal drug Vonoprazan in the country.
Indian jewellery sector revenue shoots up by over Rs 1 lakh crore in 5 years: Report
Mumbai, June 21 - India's jewellery retail sector has recorded rapid growth in the last five years surging from Rs 5,04, 400 crore in 2019 to 6,40,000 crore in 2024 on the back of rising incomes in the economy and greater trust in
152 Indian startups on track to turn unicorns over next 5 years: Report
New Delhi, June 21 - At least 152 Indian startups are on track to turn unicorns from 31 cities over the next 3 to 5 years to its current tally of 67 unicorns, a new report has said.
Upcoming Union Budget a blueprint of path towards Viksit Bharat by 2047: PHDCCI
New Delhi, June 20 - Terming the upcoming Union Budget 2024-2025 a blueprint of the path towards becoming Viksit Bharat by 2047, the PHD Chamber of Commerce and Industry (PHDCCI) said on Thursday that calibrated steps to enhance domestic sources of growth would
Blinkit’s rival Zepto raises $665 mn at a $3.6 bn valuation, to go public soon
Mumbai, June 21 - Quick delivery platform and Blinkit’s rival Zepto on Friday said it had raised $665 million at a $3.6 billion valuation in a highly oversubscribed round -- just nine months after the company raised $235 million at a $1.4 billion
Space startups up 200X in just 2 years, India’s share in global space to rise 4X by 2030
New Delhi, June 21 - There has been a massive 200 times increase in the number of space startups in the last two years owing to the major policy decision taken by Prime Minister Narendra Modi to open up the space sector, Union
Indian CEOs prioritise tech investments, including towards AI: report
New Delhi, June 21 - Indian CEOs are prioritising technology investment, including artificial intelligence (AI) but stay guarded amid data security challenges, according to a report.