REC raises USD 1.15 Billion through syndicated term loans
Sep 07, 2023, at 07:58 am
New Delhi: Maharatna Central Public Sector Enterprise REC Limited has successfully raised USD 1.15 Billion in August 2023.
Centre issues advisory for mandatory stock disclosure of Masur (lentil) with immediate effect
Sep 07, 2023, at 07:44 am
New Delhi: The Centre has issued an advisory for mandatory stock disclosure of Masur (lentil) with immediate effect.
REC signs $100 million foreign currency term loan agreement with EXIM Bank
Sep 07, 2023, at 07:16 am
New Delhi: Maharatna Central Public Sector Enterprise REC Ltd has signed a Foreign Currency Term Loan Agreement for $100 million with Export Import Bank of India (EXIM Bank).
Union Cabinet approves Viability Gap Funding for 4,000 MWh battery energy storage projects
Sep 07, 2023, at 06:31 am
New Delhi: The Union Cabinet has approved the scheme for Viability Gap Funding (VGF) for the development of Battery Energy Storage Systems (BESS) with an initial outlay of Rs.9,400 crore, including budgetary support of Rs 3,760 crore.
RBI to test more use cases in the pilot of wholesale CBDC
Sep 07, 2023, at 05:45 am
Mumbai: The Reserve Bank of India will test more use cases in the pilot of wholesale central bank digital currency (CBDC), media reports said.
Sep 07, 2023, at 05:17 am
Melia Hotels International, a Spanish hotel chain, conducted a roadshow in the eastern Indian city of Kolkata on Tuesday, a destination that the hotel brand considers to be 'important'.
NPCI launches new UPI products to achieve 100 bn monthly transactions
Sep 07, 2023, at 04:50 am
New Delhi: The National Payments Corporation of India (NPCI) on Wednesday announced a string of innovative products aimed at boosting the payments giant Unified Payments Interface (UPI) to reach 100 billion monthly transactions.
Tata Group in talks to buy 51% stake in Haldiram's: Report
Sep 07, 2023, at 02:50 am
New Delhi: Tata Group is likely to compete directly with Pepsi and billionaire Mukesh Ambani's Reliance Retail as the conglomerate’s consumer unit is in talks to buy at least 51% of popular snack food maker Haldiram's, Reuters reports said.
Alia Bhatt's Ed-a-Mamma enters into a joint venture with Reliance
Sep 07, 2023, at 01:38 am
Mumbai/IBNS: Actress-producer Alia Bhatt's Ed-a-Mamma has entered into a joint venture with Reliance Retail Ventures Limited, the Bollywood star announced on Wednesday.
Indian Market: Sensex up 100.26 pts
Sep 06, 2023, at 11:58 pm
The BSE Sensex on Wednesday advanced 100.26 pts to close at 65,880.52 following gains in telecommunications, FMCG, Consumer Durable and Health Care stocks.
Sep 06, 2023, at 09:02 am
Mumbai: Tata Motors and Tata Power Renewable Energy Limited (TPREL), a player in the renewable energy sector and a subsidiary of Tata Power have entered into a Power Purchase Agreement (PPA) to develop a new 12MWp on-site solar project at Tata Motors’ Pune commercial vehicle manufacturing facility.
Auto retail grows 9 pc in August, two-wheelers up 6 pc YoY
Sep 06, 2023, at 08:46 am
New Delhi: Domestic auto sales logged 9% year-on-year growth in August 2023 on the back of robust demand across multiple segments, including two-wheelers and tractors, showed the vehicle retail data released by the Federation of Automobile Dealers Associations (FADA) on Tuesday.
Infosys completes acquisition of Danske Bank’s IT Centre in India
Sep 06, 2023, at 08:14 am
Bengaluru: Indian software multinational Infosys has completed the acquisition of Danske Bank’s IT centre in India, the company said recently.
Vedanta regains ownership & control of Zambia's Konkola Copper Mines
Sep 06, 2023, at 07:27 am
Mumbai: Vedanta Resources Limited has got back the ownership and operational control of Konkola Copper Mines (KCM) from the Zambian government.
Jio Financial Services removed from NSE Indices
Sep 06, 2023, at 04:21 am
Mumbai: Jio Financial Services (JFS) will be excluded from the NSE Indices including the Nifty 50 from September 7, the National Stock Exchange said in a press release.
88% of verified income tax returns for AY 2023-24 processed: IT Dept
Sep 06, 2023, at 02:48 am
New Delhi: The Income Tax (IT) Department has processed over 6 crore Income Tax Returns (ITR) for Assessment Year (AY) 2023-24, the Ministry of Finance said on Tuesday.
India's services PMI eases to 60.1 in August from 62.3 in July
Sep 05, 2023, at 05:28 pm
New Delhi/UNI: India's services activities continued their growth momentum in August 2023 on the back of record new export business, but the pace moderated marginally compared to the previous month.
Indian Market: Sensex rises 43 points
Sep 05, 2023, at 03:29 pm
The BSE Sensex on Tuesday gained 43 points to open at 65,671.60 as buying was witnessed in industrial, energy, and consumer durable stocks.
Indian Market: Sensex up 240.98 points
Sep 04, 2023, at 11:00 pm
Mumbai: The BSE Sensex on Monday gained 240.98 points to close at 65,628.14 on the strength of utilities, metals, IT, and technology stocks amid a positive Asian market.
India: A potential hub for Green Hydrogen
Sep 03, 2023, at 11:47 am
The dynamic reforms and the ease of doing business will create economies of large scale and bring down the Green Hydrogen production costs among the lowest in the world.
Musk says X to collect biometrics only at the user's consent
Sep 03, 2023, at 05:30 am
Washington: Microblogging site X, formerly known as Twitter, will collect biometrics information of its users only upon the individual's consent, owner Elon Musk has said.
Sep 02, 2023, at 10:20 pm
"India’s fast-payment system, called the Unified Payments Interface (UPI) and run by the nonprofit National Payments Corporation of India, exemplifies how the regulator (for example, the central bank) and the regulated (for example, commercial banks) can together run a payment system as a voluntary digital public infrastructure that operates around the clock." - IMF
Bridgestone India inducts 93 women apprentices in manufacturing operations
Sep 02, 2023, at 04:35 pm
Kolkata: Bridgestone India, as part of an upskilling initiative in manufacturing, has inducted 93 women apprentices in the company’s manufacturing operations at Pune.
Govt invites bids to select asset valuer for IDBI Bank
Sep 02, 2023, at 07:14 am
New Delhi: The Centre has invited bids to choose an asset valuer for IDBI Bank acting on its plans to divest its stake in the lender.
UPI crosses 10 billion monthly transactions in Aug; PM Modi congratulates
Sep 02, 2023, at 06:47 am
New Delhi: India’s contactless digital payments framework, Unified Payments Interface (UPI), crossed 10 billion monthly transactions in August, said Reserve Bank’s non-profit agency, National Payments Corporation of India (NPCI) on Friday.
Over 6.62 cr subscribers under National Pension System and Atal Pension Yojana
Sep 02, 2023, at 06:22 am
New Delhi: The number of subscribers under the National Pension System (NPS) and Atal Pension Yojana (APY) together has grown to more than 6.62 crore and the total Asset Under Management (AUM) has reached Rs 10 lakh crore (Rs. 10,00,000 crore), according to the Ministry of Finance.
Sep 02, 2023, at 06:18 am
New Delhi: The policy of rationalization of coal linkages, initiated by the Ministry of Coal, has resulted in the rationalizing of a total of 92.16 million tonnes (MT) of coal, with an annual potential savings of around Rs 6420 crores.
NITP, OIL sign MoU to collaborate in renewable energy and decarbonization
Sep 02, 2023, at 05:44 am
New Delhi: NTPC Limited and Oil India Limited signed a Memorandum of Understanding (MoU) on Thursday to explore collaboration in the areas of renewable energy, green hydrogen and its derivatives, and decarbonization initiatives including through the use of geothermal energy.
Kharif Crop sowing crosses 1077.82 lakh hectares
Sep 02, 2023, at 05:26 am
New Delhi: The area under coverage for paddy has increased by about 4% to 398.08 lakh hectares in the ongoing kharif sowing season against 383.79 lakh hectares in the same period last year, according to the data released by the Ministry of Agriculture.
Coal prodn records an increase of 12.85% in August 2023, reaching 67.65 MT
Sep 02, 2023, at 05:24 am
New Delhi: India’s overall coal production surged substantially in the month of August 2023, reaching 67.65 Million Tonne (MT) compared to 59.95 MT of the corresponding month in previous year, representing an increase of 12.85%, Coal Ministry said on Friday.