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Inflation pressures may linger, but food prices to cool soon: Finanace Ministry

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Grocery item put on display for sale at a market, in New Delhi. File | Photo Credit: Sushil Kumar Verma India’s inflation woes are not over yet but food price spikes may be “transitory”, the Finance Ministry said on August 22, attributing the latest spike in headline inflation to global uncertainties triggered by the termination…

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Business

Bharat- NCAP norms to benefit consumers, enhance safety, say automakers

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Representational file image | Photo Credit: B. Velankanni Raj Automobile companies and auto-component manufacturers have responded positively to the central government-initiated Bharat- New Car Assessment Programme (Bharat-NCAP) norms announced by Union Road Transport Minister Nitin Gadkari on Tuesday. “We strongly believe that it is a step in the right direction. The decision comes at a…

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Business

Jio Financial Services shares decline 5% for second straight day

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File. | Photo Credit: Reuters Life Insurance Corporation of India (LIC) has secured 6.66% holding in Jio Financial Services Ltd. consequent to the demerger of the financial services business of Reliance Industries. It was an investment function and the shares were acquired through the demerger. The cost of acquisition was 4.68% of the demerged cost…

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Business

GDP growth to be higher than RBI’s estimate of 8% for June quarter, say Economists

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Reserve Bank of India Governor Shasikanta Das. The RBI which expects the GDP to grow at 6.5% in FY24, has estimated a growth of 8% in the April-June period. | Photo Credit: The Hindu The country’s real GDP growth in the first quarter will be better than the Reserve Bank’s estimate of 8%, economists said…

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Vodafone Idea plans to clear about ₹2,400 crore dues by September

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File. | Photo Credit: Reuters Debt-ridden telecom operator Vodafone Idea plans to clear about ₹2,400 crore of dues to the government by September, sources privy to the development said. The company recently cleared pending dues of licence fees and spectrum usage charges of about ₹450 crore for the March quarter of 2022-23, a source told…

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Business

Adani TotalEnergies E-Mobility Partners With Evera Cabs For Charging Hubs

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ATEL is setting up EV charging ecosystem with a wide range of charging points. (Representational) New Delhi: Adani TotalEnergies E-Mobility Limited (ATEL) will set up EV charging infrastructure with all-electric cab aggregator, Prakriti E-Mobility (Evera), the company said on Tuesday. “The collaboration will feature an integration of 200 EV charging points super hub in Delhi….

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Business

Hindalco mulls ₹2,000 crore investment in rail coach related green project

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Kumar Mangalam Birla. File. | Photo Credit: PTI Aditya Birla Group’s Hindalco Industries Ltd. will invest ₹2,000 crore in a railway related green-transportation project, Chairman Kumar Mangalam Birla informed the shareholders at the company’s AGM held here. “Indian Railways has the laudable goal of becoming Net Zero while concurrently doubling freight capacity,” Mr. Birla said….

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ISRO may postpone soft landing on Moon to August 27 based on health of lander module: Official

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Arun Haryani, an enthusiast with his body painted in tri-colours, reacts on August 22, 2023 as he holds up a model of LVM3 M4 which was used in launching of Chandrayaan-3 spacecraft on the eve of its moon landing. | Photo Credit: Reuters As scientists at ISRO gear up for the much-awaited soft landing of…

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