India’s industrial production clocks 5 pc growth in April
New Delhi, June 12 - India's Index of Industrial Production (IIP) recorded a 5 per cent year-on-year growth during April this year compared to the corresponding figure of 4.6 per cent in April 2023, according to the latest data released by the Ministry
India’s forex kitty surges to new lifetime high of $655.8 billion
Mumbai, June 14 - India's foreign exchange reserves surged by $4.3 billion during the week ended June 7 to scale a lifetime high of $655.8 billion, according to the latest data released by the RBI on Friday.
EPFO revamping software to speed up settlement of claims
New Delhi, June 14 - Employees’ Provident Fund Organisation (EPFO) is in the process of revamping its application software with the UAN-based single accounting system for each member and automation of process flow with minimum human intervention to further speed up settlement of
Adani Ports strengthens ESG leadership, gains global recognition for climate initiatives
Ahmedabad, June 14 - Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday said it has been recognised by CDP (formerly the Carbon Disclosure Project) for its exceptional efforts in tackling climate change and implementing best Environmental, Social and Governance (ESG) practices
India emerging as promising alternative to China for chipmaking equipment firms
New Delhi, June 14 - The chipmaking equipment industry is looking to establish operations in India, as the country emerges as a promising alternative to China amid tensions between Beijing and the West.
3 crore Lakhpati Didis must be created before 3-year deadline: Chouhan to officials
New Delhi, June 13 - Union Rural Development Minister Shivraj Singh Chouhan, on Thursday, told officials to work towards achieving the target of creating three crore Lakhpati Didis in villages ahead of the three-year deadline as part of a stepped-up action plan.
CII pegs India’s GDP growth at 8 pc for 2024-25
New Delhi, June 14 - Confederation of Indian Industry (CII) expects the country's economy to grow at 8 per cent in 2024-25 on the back of a better performance of the agriculture sector and higher levels of private investment, according to Sanjiv Puri,
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
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.
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
NSE alerts investors against entities offering dabba trading, investment tips on social media
Mumbai, June 12 - The National Stock Exchange (NSE) on Wednesday warned investors against a person and entities engaged in dabba/illegal trading.
Nifty closes at 23,398 after touching all-time high
New Delhi, June 13 - Indian equity benchmarks closed in the green on Thursday following inflation decreases in India and the US. At closing, Sensex was at 76,810, up by 204 points or 0.27 per cent, and Nifty was up by 75 points
India’s 500 GW renewable energy target to require investment up to $215 bn in 7 years
Mumbai, June 12 - India's target of 500 gigawatts (GW) of renewable energy capacity by 2030 will require $190 billion-$215 billion of investment over the next seven years, a Moody’s report said on Wednesday, adding that solid growth in India's renewable energy capacity
India’s CPI inflation eases to 12-month low of 4.75 per cent in May
New Delhi, June 12 - India's consumer price inflation eased to a 12-month low of 4.75 per cent in May, compared to the same month of the previous year as declining fuel and cooking oil prices helped to bring down the burden on
86 pc of firms globally experimenting with GenAI for innovation: Report
New Delhi, June 12 - About 86 per cent of organisations globally are experimenting with GenAI for innovation, R&D, or product development, while 8 per cent are currently applying GenAI at scale, a new report showed on Wednesday.
EU slaps extra tariffs of up to 38 per cent on Chinese EVs
New Delhi, June 12 - The European Commission on Wednesday announced to impose provisional duties of up to 38.1 per cent on the import of Chinese electric vehicles (EVs).
Google, Apple fined for allegedly violating location data law in South Korea
Seoul, June 12 - The South Korean units of Google and Apple were among firms fined for allegedly violating a law on location data collection, the telecom regulator here said on Wednesday.
India’s toy exports expand to more than 100 countries
New Delhi, June 12 - The Indian toy industry has expanded its global presence to more than 100 countries including the US, the UK, Germany, the Netherlands, Denmark and even China and the next step for the toy manufacturers is to reach international
Bill Gates to feature on Nikhil Kamath’s podcast, discuss tech, global health, philanthropy
Mumbai, June 12 - Bill Gates, the former CEO of Microsoft, who co-founded the IT giant with Paul Allen, is set to appear on the popular podcast series ‘WTF is with Nikhil Kamath’ in the new segment, ‘People By WTF’.
Sensex jumps 149 points, Nifty closes above 23,300
Mumbai, June 12 - Indian equity benchmark indices closed in the green on Wednesday following a volatile session.