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Agnishwar Jayaprakash, Founder and CEO, Garuda Aerospace with a drone. | Photo Credit: The Hindu After tractors and farm equipment, drones are now transforming the way farming is done in India by offering solutions to several challenges faced by farmers today. With a fleet of about 7,000 drones deployed in this sector, the Indian agricultural…
Inflation and higher commodity prices have necessitated price increase, says Ashok Leyland. | Photo Credit: The Hindu Ashok Leyland has announced a price increase of up to 3% on its entire range of commercial vehicles with effect January 2025 due to inflation and increase in commodity prices. The extent of price increase will vary depending…
Read More “Ashok Leyland set to hike CV prices by 3% from January 2025” »
Bharti Airtel, Nestle, Adani Ports and Hindustan Unilever were the gainers. File | Photo Credit: AFP Benchmark indices Sensex and Nifty slumped in early trade on Friday dragged down by metal stocks, foreign fund outflows and weak global cues. The 30-share BSE benchmark Sensex tumbled 412.8 points to 80,877.16 in early trade. The NSE Nifty…
Read More “Sensex, Nifty slump in early trade dragged down by metal stocks, foreign fund outflows” »
The rupee saw some recovery from its all-time low level and appreciated 5 paise to 84.83 against the U.S. dollar. File | Photo Credit: Reuters The rupee saw some recovery from its all-time low level and appreciated 5 paise to 84.83 against the U.S. dollar in early trade on Friday (December 13, 2024) on the…
Image for representational purposes only | Photo Credit: Reuters The rupee depreciated by 4 paise to settle at an all-time low of 84.87 (provisional) against the U.S. dollar on Thursday (December 12, 2024), dragged down by negative domestic equity markets, outflow of foreign funds and rise in crude oil prices. Forex traders said investors were…
Read More “Rupee hits fresh all-time low, settles 4 paise lower at 83.87 against dollar” »
TransUnion CIBIL which is into insights and information has appointed Bhavesh Jain as managing director and CEO. He will replace Rajesh Kumar, who recently resigned after five years. Mr. Jain has been promoted to managing director and CEO’s post from the position of chief revenue officer in the company. He had previously worked at Thomson…
Read More “TransUnion CIBIL appoints Bhavesh Jain as MD & CEO” »
SolarSquare which is into home solar, said it has raised $40 million in its Series B funding round led by Lightspeed with participation from Lightrock. Existing investors Elevation Capital, Chris Sacca’s Lowercarbon, Nithin Kamath’s Rainmatter, and Gruhas Proptech also invested in the round, the firm said. A residential solar brand the firm eliminates middlemen and…
Read More “SolarSquare raises $40 million in Series B funding round” »
Among the 30-share Sensex blue-chip pack, Tech Mahindra, Bharti Airtel, Tata Consultancy Services, Infosys, HCL Technologies and ICICI Bank were the biggest gainers. File | Photo Credit: Reuters Equity market benchmark indices Sensex and Nifty climbed in early trade on Thursday (December 12, 2024) driven by buying in IT stocks amid a firm trend in…
Read More “Sensex, Nifty climb in early trade amid positive global cues” »
The micro, small, and medium enterprises (MSMEs) in the State have appealed to the 16th Finance Commission to give special consideration and allocate funds considering their importance to the economy in terms of contributions to domestic industrial production, foreign exchange earnings, and massive employment generation. The appeal was made before the visiting members of the…
Read More “MSMEs appeal to Finance Commission for special funds” »
Some of the biggest investors in ReNew Energy Global have offered to take the company private, filings to the U.S. Securities And Exchange Commission (SEC) show, in a proposed deal that values the generator at $2.82 billion, according to Reuters calculations. Major shareholders Canada Pension Plan Investment Board, UAE-based Masdar, chairman Sumant Sinha and a…
Read More “India’s ReNew Energy offered to be taken private in $2.82 billion deal” »
