ONGC, Oil India Ltd to gain as Govt cuts windfall tax on crude oil
New Delhi, June 15 - The Government has reduced the windfall tax on petroleum crude to Rs 3,250 per metric tonne from Rs 5,200 with effect from June 15 as prices of crude oil have declined in the international market compared to the
Centre puts Pune Metro line extension, Gudur-Renigunta 3rd rail line projects on fast track
New Delhi, June 15 - The Pune Metro line extension project in Maharashtra and the Gudur-Renigunta third railway line in Andhra Pradesh were taken up for discussion at a high-level inter-ministerial meeting to maximise the regional benefits of the projects, the Commerce and
Can’t wait for OpenAI to have access to my phone: Musk
New Delhi, June 15 - After criticising Apple-OpenAI collaboration on ChatGPT's integration with iPhones, tech billionaire Elon Musk has claimed that the Sam Altman-run AI company may ultimately access his phone.
Hyundai Motor India files draft papers for Rs 25,000 crore IPO
Mumbai, June 15 - Hyundai Motor India Limited, the Indian arm of the South Korean auto giant, on Saturday, filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an IPO to raise around $3 billion
Airtel pre-pays Rs 7,904 crore to clear deferred liabilities for spectrum
New Delhi, June 14 - Bharti Airtel on Friday said it has prepaid Rs 7,904 crore to the Department of Telecom (DoT) to clear high-cost deferred liabilities for spectrum acquired in 2012 and 2015.
We aim to educate, engage stakeholders on Social Stock Exchange: NSE CEO
New Delhi, June 14 - The National Stock Exchange (NSE), under the guidance of markets regulator SEBI, has initiated a series of events across India to raise awareness about the Social Stock Exchange (SSE), Ashish Kumar Chauhan, MD and CEO, NSE, said on
Will forge long-term partnership with Tanzania across infrastructure sectors: Gautam Adani
New Delhi, June 14 - Gautam Adani, Chairman of the Adani Group, on Friday said the Adani Group is looking forward to forge a long-term partnership with Tanzania -- one of Africa's most promising and strategically important nations -- across industries including ports,
Govt to launch 10th round of commercial coal block auction next week
New Delhi, June 14 -Union Minister of Coal and Mines G. Kishan Reddy will launch the 10th round of commercial coal block auctions next week, an official said on Friday.
India’s merchandise exports register robust 9 per cent growth in May
New Delhi, June 14 - India's merchandise exports clocked a robust 9.1 per cent growth in May to touch the $38.13 billion mark on the back of increased shipments of electronic and engineering goods, figures released by the Commerce Ministry on Friday showed.
Nifty hits fresh record high amid Union Budget optimism
Mumbai, June 14 - The Indian benchmark indices ended on a positive note on Friday as Nifty touched a fresh record high amid optimism over the upcoming Union Budget that is likely to be presented on July 22.
Hyundai Motor India gears up for IPO to raise up to $3 billion
Mumbai, June 14 - Hyundai Motor India Limited, the Indian arm of the South Korean auto giant, is set to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for an IPO to raise
Global fund investments in India will accelerate in future: Analysts
Mumbai, June 14 - The Indian stock market has seen a significant rally in recent months and is now attracting global funds which are going to accelerate in the near future, according to top analysts.
India to remain Asia-Pacific’s fastest growing economy in 2024: Moody’s
New Delhi, June 14 - India will remain the Asia-Pacific region's fastest-growing economy in 2024, sustaining the domestically-driven momentum of last year, on the back of a continuity in policy that focuses on infrastructure development and encourages private sector investment, according to the
WPI inflation remains benign, likely to normalise by Sept-Oct: Experts
New Delhi, June 14 - The inflation in food articles is expected to rationalise by September-October as many of the kharif crops will enter the markets and supplement the existing supply, industry experts said on Friday.
India’s aviation sector takes off for next 25 years of growth under PM Modi
New Delhi, June 14 - India, which is one of the world's fastest-growing civil aviation markets with domestic air passenger traffic touching record high, has seen robust growth under Prime Minister Narendra Modi, paving the way for shaping the future of the aviation
India witnessed over 30 pc rise in diversity hiring over the past 5 years: Data
New Delhi, June 14 - Despite ongoing macroeconomic challenges, India is setting a new precedent with Diversity, Equity, and Inclusion (DE&I) hiring (LGBTQIA+, women, and persons with disabilities), as the country witnessed 30 to 35 per cent rise in diversity hiring over the
India’s WPI inflation edges up to 2.61 pc in May
New Delhi, June 14 - India's inflation rate based on the Wholesale Price Index (WPI) edged up to 2.61 per cent during May this year compared to the same month last year, according to figures released by the Commerce Ministry on Friday.
S Korea’s exports of hydrogen-powered fuel cell EVs drop 74 pc on-year in first 5 months
Seoul, June 14 - Exports of hydrogen-powered fuel cell electric vehicles (FCEVs) from South Korea plunged more than 70 per cent on-year during the first five months of 2024, industry data showed on Friday.
S. Korea’s science ministry to cancel licence of new mobile carrier Stage X over funding
Seoul, June 14 - South Korea's science ministry said on Friday that it will cancel the licence of Stage X as a new mobile carrier, saying the company failed to pay a paid-in capital.
Global brokerage firms bullish on Ambuja Cements’ stock after Penna acquisition
Mumbai, June 14 - Leading global brokerage firms have gone bullish on the Adani Group’s Ambuja Cements after it announced to acquire Hyderabad-based Penna Cement for Rs 10,442 crore.