Coal stocks at power plants touch all-time high as production shoots up
New Delhi, June 19 - Despite extremely high peak summer demand for power, the coal stocks at thermal power plants exceeded a record 45 million tonnes (MT) as on June 16, 2024, which is 31.71 per cent higher compared to the same period
SBI board approves to raise up to Rs 20,000 crore via long-term bonds
New Delhi, June 19 - The State Bank of India (SBI) on Wednesday announced it would raise long-term bonds up to Rs 20,000 crore via a public issue or private placement during the ongoing financial year (FY25).
India Oil inks pact for biofuel joint venture with GPS Renewables
New Delhi, June 19 - Public sector giant Indian Oil Corporation announced on Wednesday that it has signed an agreement with GPS Renewables Private Limited to form a 50:50 joint venture company dedicated to advancing biofuel adoption across the country.
Tata Motors to hike prices of commercial vehicles by up to 2 pc
New Delhi, June 19 - Tata Motors announced on Wednesday that it will hike the prices of its commercial vehicles by up to 2 per cent with effect from July 1 to offset the impact of rising commodity prices.
Sensex ends flat as Titan and Bharti Airtel top losers
Mumbai, June 19 - Indian equity indices closed flat on Wednesday as Titan, Bharti Airtel and Maruti Suzuki were top losers.
India’s seafood exports scale record high, US & China top buyers
New Delhi, June 19 - The quantity of India’s seafood exports touched an all-time high during the financial year 2023-24 with the USA and China emerging as the top importers, according to a Commerce Ministry statement released on Wednesday.
Indian Gen Z workers more motivated to work when management delivers on promises: Report
New Delhi, June 19 - Gen Z employees in India are more motivated to work when they see management deliver on promises and when they can bring their authentic selves to work, a report showed on Wednesday.
VC firm GVFL unveils Rs 100 crore fund to nurture up to 30 startups
New Delhi, June 19 - Venture capital firm GVFL on Wednesday announced the first close of its new Seed Stage fund, Prarambh Fund, raising Rs 100 crore to nurture 25-30 promising seed startups in the next one year.
Centre plans to revamp PLI schemes to boost MSME sector
New Delhi, June 19 - The government is planning to revamp the production-linked incentives (PLIs) by relaxing the norms for releasing funds, including more sectors under the scheme, and extending benefits to MSMEs (micro, small and medium enterprises) in labour-intensive sectors through special
Mesabi Metallics appoints Joe Broking as President and CEO
Mumbai, June 19 - Mesabi Metallics Co. LLC has announced the appointment of Joe Broking as the President and Chief Executive Officer of the company.
Bharti Airtel acquires 1 pc equity stake in Indus Towers
Mumbai, June 19 - Bharti Airtel said on Wednesday it has acquired 1 per cent equity stake in telecommunications infrastructure company Indus Towers, after the UK's Vodafone Group sold nearly 20 per cent shareholding in the firm.
Global funds bullish on debt market, over Rs 83,000 crore invested since Sept
New Delhi, June 19 - Global funds remained bullish on the Indian debt market as nearly Rs 83,360 crore ($10 billion) has been invested in Indian bonds since September 2023.
Public sector banks beat private rivals in efficiency parameter: SBI study
Mumbai, June 19 - Public sector banks in India record a higher level of "efficiency" compared to their private sector counterparts, according to a study conducted by the State Bank of India (SBI).
LG joins ChargePoint to expand EV charging infrastructure in US
Seoul, June 19 - LG Electronics said on Wednesday it has partnered with ChargePoint, the leading supplier of charging solutions for electric vehicles in North America, to expand its EV charging business on a global basis.
Luxury property buying surges amid rising disposable income in India: Report
New Delhi, June 19 - With disposable income continuing to rise amid changing lifestyle preferences, more and more Indians in metros are purchasing high-value, premium properties than ever before.
Sensex and Nifty trade higher, banking stocks in top gear
Mumbai, June 19 - India equity indices opened in the green on Wednesday following which top private banks like IndusInd Bank, ICICI Bank and Axis Bank have become top gainers in Sensex.
PhonePe Payment Gateway launches referral programme
New Delhi, June 19 - The PhonePe Payment Gateway (PG) has announced the launch of its referral programme -- 'PhonePe PG Partner Programme', which is designed for anyone helping a business grow online.
HP brings next-gen AI PCs to India for businesses, creators
New Delhi, June 19 - PC and printer major HP Inc on Wednesday announced the pre-booking of its next-generation AI PCs in India for businesses, creators and retail customers.
Amazon fined about $6 million for violating labour laws in US
New York, June 19 - E-commerce giant Amazon has been fined nearly $6 million for violating labour laws in the state of California in the US.
Cushman & Wakefield, Lockheed Martin delegations meet Telangana CM
Hyderabad, June 19 - Delegations of Cushman & Wakefield and Lockheed Martin called on Telangana Chief Minister A. Revanth Reddy on Tuesday.