Stay Connected. Stay Informed.
Business
Representational image only. | Photo Credit: The Hindu The upcoming spectrum auction will start from May 20, according to the notice inviting application released by the Department of Telecom on March 8. Government will auction eight spectrum bands for mobile phone services at a base price of ₹96,317.65 crore. Spectrum which is held by certain…
Fabric maker Donear will invest ₹400 crore in Jammu to make carpets and rugs, said Rajendra Agarwal, its Managing Director. The company has purchased land in Jammu and the plant will be operational in 24 months. Almost 90 % of the products made there will be exported and with this unit, Donear will venture into…
InterGlobe Aviation’s (IndiGo) promoter Rakesh Gangwal. File “InterGlobe Aviation’s promoter Rakesh Gangwal is likely to sell more than a 3% stake in the company through open market transactions,” according to sources. The company is the parent of the country’s largest airline IndiGo. As of December 2023, promoters’ of InterGlobe Aviation owned a 63.13% stake in…
Read More “Rakesh Gangwal likely to sell shares in IndiGo” »
A panel of officials from Indian Ministries has called for a bigger carbon tax on higher quality imported coal while cutting rates for domestic coal, in a bid to slash shipments of the polluting fuel, the Coal Ministry said on Thursday. Coal is among India’s top five commodity imports by value. Despite surging local output,…
Read More “Govt. panel backs higher carbon tax on coal imports” »
The production of onions in 2022-23 is estimated to be 302.08 lakh tonne compared to 316.87 lakh tonne in 2021-22. For potatoes, the production estimates in 2022-23 are around 601.42 lakh tonne, compared to 561.76 lakh tonne estimated for 2021-22. File | Photo Credit: ANI Fruit and vegetable production in the country can touch 355.25…
Read More “Centre estimates dip in onion, potato production this year” »
The Union cabinet on Thursday approved a ₹10,371.92 crore corpus to fund Artificial Intelligence computing infrastructure and start-ups in the AI space in India. This corpus would be used to provide viability gap funding, subsidising projects that may face steeper costs for setting up datacentres and other such facilities in India. The funds will also…
Read More “Cabinet approves ₹10,372 cr. corpus for AI infrastructure” »
Moody’s Investors Service on Thursday said India’s robust economic growth will continue and its real GDP growth will accelerate to around 8% in 2023-24 from 7% in 2022-23. The global rating major’s growth estimate for this year is higher than the 7.6% uptick projected by the National Statistical Office (NSO) in its second advance national…
Read More “Moody’s pegs 2024 growth at 8%; higher than official 7.6% projection” »
A Moody’s sign on the 7 World Trade Center tower is photographed in New York. | Photo Credit: Reuters Moody’s Investors Service on March 7 said that India’s robust economic growth will continue and its real GDP growth will accelerate to around 8% in 2023-24 from 7% in 2022-23. “We expect India to be the…
Read More “India’s robust economic growth will continue, real GDP growth will accelerate: Moody’s” »
Among the Sensex firms, Tata Steel, JSW Steel, Tata Motors, Bajaj Finserv, Bajaj Finance, Asian Paints, ITC and Nestle were the major gainers. | Photo Credit: Reuters Benchmark Sensex and Nifty closed at fresh record highs on March 7 following gains in metal and FMCG shares amid firm global trends and foreign fund inflows. In…
Read More “Sensex, Nifty eke out gains to settle at fresh life-time highs” »
The price increase will vary as per individual model and variant. | Photo Credit: The Hindu Tata Motors has announced that it will increase the price of its commercial vehicles effective from April 1, up to 2%. “The price increase is to offset the residual impact of the past input costs. While the price increase…
Read More “Tata Motors announces hike in price for commercial vehicles” »
