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.
Products from Chinese firms found to contain harmful substances
Seoul, June 14 - Some of the cosmetics and children's water toys sold on three overseas e-commerce retail platforms have been found to contain harmful substances far exceeding the permitted safety levels, a state-run consumer organisation said on Friday.
Tesla stockholders approve Musk’s $56 billion pay package
San Francisco, June 14 - Tesla stockholders have overwhelmingly approved the $56 billion pay package (now valued at $44.9 billion) for the company’s CEO Elon Musk, along with reincorporating the electric vehicle company in the US state of Texas, moving it from Delaware.
MECON Ltd seeks bids for use of green hydrogen in making steel
New Delhi, June 13 - As part of the government's move to replace fossil fuels with green hydrogen in steel manufacturing, MECON Limited has invited proposals from prospective bidders for use of Hydrogen in DRI Pilot Plant, in existing Blast Furnace and in
AWS offers $230 million in Cloud credits to generative AI startups, including in India
New Delhi, June 13 - Amazon Web Services (AWS) on Thursday announced a $230 million commitment in Cloud credits to generative AI startups and the expansion of the global Generative AI Accelerator, which is aimed at helping 80 founders and innovators (including 20
Govt says it has sufficient wheat stocks to keep price in check
New Delhi, June 13 - The Central government's Department of Food and Public Distribution is keeping a close watch on the price of wheat and has sufficient stocks of the cereal which can be released to cool down the market in case the
Adani Group’s Ambuja Cements acquires Penna Cement for Rs 10,422 crore
New Delhi, June 13 - Ambuja Cements, the leading Adani Group company, on Thursday announced the acquisition of 100 per cent stake in Penna Cement Industries Ltd (PCIL) for an enterprise value of Rs 10,422 crore, as the cement and building material major
Vodafone Idea’s board approves fundraise of Rs 2,458 crore via stock sale
Mumbai, June 13 - Telecom service provider Vodafone Idea, on Thursday, said that its board has approved issuance of about 166.8 crore equity shares worth Rs 2,458 crore on a preferential basis.