India, US need to resolve issues relating to strategic areas to cooperate, says Gautam Adani
Sep 08, 2022, at 05:32 am
New Delhi: The existing $150 billion India-US trade is “no more than a speck in the ocean” given that the combined value of the GDP of the two nations in 2050 is expected to be a staggering USD 70 trillion dollars or 35-40 percent of the global economy, billionaire businessman Gautam Adani Wednesday said.
Adani to set up 3 gigafactories in India as part of a $70 billion investment in clean energy by 2030
Sep 08, 2022, at 04:47 am
Asia's richest man Gautam Adani has said his conglomerate will set up three gigafactories to manufacture renewable energy equipment, including solar panels, wind turbines, and hydrogen electrolyzers.
Axis Bank and PayNearby partner to launch bank accounts for last mile users at a nearby store
Sep 08, 2022, at 12:19 am
Axis Bank, India’s third largest private sector lender, has partnered with PayNearby, the country's largest branchless banking and digital service network, to offer the seamless opening of savings and current bank accounts for both last-mile retailers and customers, a joint press release by the companies said.
Union Cabinet approves 2nd phase of Kochi Metro
Sep 07, 2022, at 11:40 pm
New Delhi: The Union Cabinet on Wednesday approved the second phase of the Kochi Metro Rail Project from JLN Stadium to Infopark via Kakkanad, at a cost of Rs 1,957.05 crore.
Internationalisation of CBDC can address transborder payment issues, says RBI Deputy Governor
Sep 07, 2022, at 11:10 pm
RBI deputy governor T Rabi Sankar Wednesday said in New Delhi that internationalisation of CBDC was crucial to addressing the problems faced by international bodies in cross border payments, media reports said.
Piyush Goyal interacts with Venture Capitalists in San Francisco Bay Area
Sep 07, 2022, at 11:06 pm
San Francisco: Commerce and Industry Minister Piyush Goyal on Wednesday interacted with the Venture Capitalists in San Francisco Bay Area.
Piyush Goyal launches India-US Startup SETU
Sep 07, 2022, at 11:04 pm
New Delhi: Commerce and Industry Minister Piyush Goyal launched the US Startup SETU - Supporting Entrepreneurs in Transformation and Upskilling programme in the Bay Area of San Francisco.
Centre cuts railways land licence fees, paving way for privatisation of Concor
Sep 07, 2022, at 09:28 pm
New Delhi: The Union Cabinet Wednesday approved the reduction in the railway land license fee policy from 6 percent to 1.5 percent and the lease period has been increased to up to 35 years from five years.
CSB Bank announces special rates this festive season; up to 6.90 pct in NRE deposits
Sep 07, 2022, at 08:37 pm
Mumbai: CSB Bank is ensuring an enhanced client relationship and engagement for its NRI customers by offering attractive rates in this festive season.
Pieter Elbers becomes IndiGo's new CEO as Ronojoy Dutta retires
Sep 07, 2022, at 06:51 pm
InterGlobe Aviation which operates budget carrier IndiGo Tuesday announced Pieter Elbers has joined as its new chief executive officer (CEO) with effect from September 6, replacing Ronojoy Dutta, who retired last week.
Why power surplus Bangladesh wants to buy electricity from Adani
Sep 07, 2022, at 06:49 pm
New Delhi: In his meeting with Prime Minister of Bangladesh Sheikh Hasina, Adani Group chairman Gautam Adani said his company is committed to commissioning the 1600 MW Godda Power Project and dedicated transmission line to Bangladesh by the end of this year.
Russia's fossil fuel export revenue tops its Ukraine war cost
Sep 07, 2022, at 06:45 pm
Russia's earnings from oil gas and coal exports in the last six months have covered its expenditure on the Ukraine invasion, according to an analysis from Helsinki-based nonprofit think tank Centre for Research on Energy and Clean Air, reported ET.
Russia to accept rubles and yuan from China for gas imports
Sep 07, 2022, at 05:56 pm
Russia's energy giant Gazprom said Tuesday that China will start paying for Russian gas in rubles and yuan instead of US dollars, AFP reported.
Adani Group allays concerns about being overleveraged, says loans from PSBs halved
Sep 07, 2022, at 06:47 am
Gautam Adani-led Adani Group has responded to concerns about it being overleveraged citing an improved net debt to operating profit ratio and more than halving of loans from public sector banks, media reports said.
ED arrests ex-NSE CEO Ravi Narain in money laundering case
Sep 07, 2022, at 06:44 am
New Delhi/IBNS: The Enforcement Directorate (ED) Tuesday arrested former National Stock Exchange (NSE) chief executive officer (CEO) Ravi Narain in a money laundering case related to alleged illegal phone tapping and snooping of NSE employees.
Swaraj Tractors crosses 20 Lakh production milestone
Sep 07, 2022, at 05:46 am
Mohali: Swaraj Tractors, part of Mahindra Group, rolled out its 20th Lakh tractor from the company’s plant in Mohali, Punjab on Tuesday.
Centre says no bids invited for running passenger trains in PPP mode; rejects media report
Sep 07, 2022, at 05:35 am
New Delhi: The government is not considering any proposal to run passenger trains in public-private partnership (PPP) mode as mentioned in a report published in a prominent daily, the Ministry of Railways said in a statement on Tuesday.
Centre planning to bring all the states on National Single Window System by March 2023
Sep 07, 2022, at 04:35 am
New Delhi: The Centre is planning to bring on board all the states that are yet to integrate with National Single Window System (NSWS) by March next year, the Department for Promotion of Industry and Internal Trade (DPIIT) said on Tuesday (Sept 6).
Priyanka Chopra's hair care brand Anomaly makes India debut with Nykaa
Sep 07, 2022, at 04:25 am
Popular Indian actor with global fame Priyanka Chopra's hair care brand Anomaly made its debut in the Indian market joining hands with e-commerce retailer Nykaa.
Coal production from captive & commercial blocks jumps 58 pc in Apr-Aug FY23
Sep 07, 2022, at 02:52 am
New Delhi: Coal production during April-August (FY23) stood at 43.93 million ton, 57.74 percent higher than 27.85 million ton produced during the same period the previous year, the Ministry of Coal said Tuesday.
‘Partnership of Trust’ between India-US progressing from strength to strength: Piyush Goyal
Sep 07, 2022, at 02:18 am
San Francisco (US): Union Commerce and Industry Minister Piyush Goyal Tuesday interacted with the US India Strategic Partnership Forum (USISPF), the leadership of GITPRO (Global Indian Technology Professionals Associations) and FIIDS (Foundation for India and Indian Diaspora Studies) here.
Centre releases Revenue Deficit Grant of Rs 7,183.42 cr to 14 States
Sep 07, 2022, at 01:44 am
The Department of Expenditure, Ministry of Finance on Tuesday released the sixth monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 7,183.42 crore to 14 states, according to a Ministry of Finance statement.
Captive and commercial blocks of Jharkhand likely to produce 37.3 MT Coal in 2022-23
Sep 07, 2022, at 01:07 am
New Delhi: Production from captive and commercial coal blocks of Jharkhand is likely to be about 37.3 million ton in 2022-23 against 17.72 million ton in 2021-22, a 110.4 percent year-on-year increase, the Ministry of Coal said Tuesday.
Paytm registers 6 mln loan disbursals during July-Aug period
Sep 07, 2022, at 12:18 am
Mumbai/UNI: One 97 Communication, the parent company of Paytm, Tuesday said its loan distribution business scaled to six million disbursals during the July-Aug period, aggregating to Rs 4,517 crore.
Skipper Ltd engineering business wins New order of Rs 225 crores
Sep 06, 2022, at 11:12 pm
Kolkata: Skipper Limited (BSE: 538562) and NSE (Symbol: SKIPPER), manufacturers of Power Transmission & Distribution structures and a prominent manufacturer of Telecom and Railway structures, Tuesday announced that it has secured fresh new order of Rs 225 crores for several Domestic & International T&D projects including Telecom.
Sep 06, 2022, at 10:33 pm
Mumbai: The BSE Sensex remained weak on Tuesday, declined 48.99 points to close at 59,196.99 as selling was seen in IT, Auto and Bankex stocks.
Indian Rupee ends almost steady at 79.83 against USD
Sep 06, 2022, at 10:30 pm
Mumbai: The Rupee on Tuesday closed almost flat at 79.83, rising by one paisa against the USD on selling of US Dollar from bankers and importer, dealers at the Foreign Exchange said.
Reliance Industries Limited to acquire majority stake in SenseHawk
Sep 06, 2022, at 02:42 pm
Mumbai: Reliance Industries Ltd on Tuesday signed definitive agreements to acquire a majority stake in SenseHawk Inc for a total transaction value of USD 32 million, including funding for future growth, commercial rollout of products, and R&D.
NTPC acquires Jhabua Power Limited through Corporate Insolvency Resolution route
Sep 06, 2022, at 04:59 am
Mumbai: State-run integrated power generation company NTPC has successfully acquired Jhabua Power Limited (JPL) through Corporate Insolvency Resolution Process initiated by National Company Law Tribunal, Kolkata, (NCLT).
Sep 05, 2022, at 11:11 pm
Kolkata: Bank of India has become the first public sector bank to go live on Income Tax Department’s new Direct Tax Collection System Tin 2.0.