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Solar panels and solar fans are displayed among other electronics for sale at a shop inside a wholesale electronics market in Kolkata on March 19, 2024. | Photo Credit: Reuters The story so far: To incentivise India’s solar module manufacturing industry, the Ministry of New and Renewable Energy (MNRE) has brought into effect from April…
Read More “Will new solar power rules boost production? | Explained” »
After a sharp drop in 2023-24, India’s apparel exports may see a muted recovery this year as the U.S. and EU retailers are expected to restock inventories, ratings agency ICRA said in a research note. In the first 11 months of 2023-24, exports of readymade garments were down 11.42% at a little more than $13…
Read More “Apparel exports may see mild recovery this year: ICRA” »
Vistara airline has more than 1,100 pilots on its rolls. | Photo Credit: Reuters More than one in four pilots in Vistara have not accepted the new pay structure announced in mid-February ahead of the merger with Air India. The integration of the two airlines has also escalated concerns over inadequate manpower and raised questions…
Read More “One-fourth of Vistara pilots reject new pay formula” »
Vistara’s CEO Vinod Kannan on Saturday asserted that “over 98% of pilots” had signed new contracts entailing a new pay structure, which has been cited by industry sources as a key issue that had led to a spate of recent flight cancellations and delays at the full service airline that is set to merge with…
Sanlam. | Photo Credit: REUTERS Sanlam through its wholly owned subsidiary Sanlam Emerging Markets Mauritius Ltd, has decided to increase its shareholding in Shriram General Insurance Co. (SGIC) and Shriram Life Insurance Co. (SLIC) by 11% and 12% respectively and decrease its exposure in Shriram Finance Ltd (SFL). The consideration payable to acquire the combined…
Read More “Sanlam group hikes stake in Shriram Insurance firms” »
Reserve Bank of India (RBI). File. | Photo Credit: PTI Bankers have welcomed the Reserve Bank’s resolute focus on achieving the last mile of disinflation. “The recent re-emergence of reflationary pressures from new supply side disruptions has posed a challenge to Central Banks, globally. Against this backdrop, the RBI’s resolute focus on achieving the last…
Mumbai, Apr 05 (ANI): RBI Governor Shaktikanta Das addresses during a press conference regarding the monetary policy decisions, in Mumbai on Friday. (ANI Photo) | Photo Credit: ANI Considering the popularity and convenience of UPI, the Reserve Bank of India (RBI) has proposed to enable UPI for cash deposit facility. RBI Governor Shaktikanta Das, while…
Mumbai-based Pentagon International Freight Solutions Pvt. Ltd. (Pentagon) has announced that it will acquire 5.2% stake in a digital transformation company Pentafox Technologies Pvt. Ltd. in all cash deal for ₹52 lakh. Pentagon would further acquire another 21.8% stake in next 12-18 months at pre-agreed multiples, the logistic services firm said in a statement. “This…
Read More “Pentagon International to buy 5.2% stake in Pentafox Tech” »
Punit Goenka, MD and CEO, Zee Entertainment Enterprises Ltd. File | Photo Credit: Paul Noronha Broadcaster Zee Entertainment said on April 5 it is cutting 15% of its workforce in its latest bid to trim costs. The job cuts could affect nearly 700 employees at the company, which had a total headcount of 4,577 employees,…
Read More “Zee to trim 15% of workforce in structural overhaul” »
Photo used for illustration purpose only. | Photo Credit: Reuters Ed-tech startup Byju’s breached terms of loans worth $42 million and has been asked by an arbitrator not to sell some shares of a group firm, a confidential order showed, the latest setback for the company already battling allegations of mismanagement. Byju’s was the country’s…
Read More “Ed-tech startup Byju breached loan terms, small stake sale blocked, order shows” »