Category: Business

Business

SpiceJet says cleared ₹160 crore worth pending employee provident fund dues

December 13, 2024 admin

Spicejet plane. File | Photo Credit: PTI SpiceJet on FridayOn Friday (December 13, 2024), SpiceJet said it cleared all employee provident fund (PF) dues worth ₹160.07 crore that were pending for over two years. The low-cost carrier, which has been facing multiple headwinds, recently raised ₹3,000 crore, following which it has been clearing statutory,…

Business

Tamil Nadu government provides interest subsidy to modernise textile mills

December 13, 2024 admin

Representational image. File | Photo Credit: S. Siva Saravanan The Department of Handlooms, Handicrafts, Textiles and Khadi, Government of Tamil Nadu, has allocated ₹10 crores for the current financial year (2024-2025) to implement the 6% interest subvention scheme for textile mills that want to invest and upgrade technology. According to an order dated December 9,…

Business

Passenger Vehicle dispatches rise 4% in November as demand sustains post-festive period: SIAM

December 13, 2024 admin

Assembled cars at the Maruti Suzuki plant. File | Photo Credit: V.V. Krishnan Passenger vehicle (PV) dispatches from companies to dealerships rose 4% year-on-year to 3,47,522 units in November with demand momentum sustaining the post-festive period in October, industry body Society of Indian Automobile Manufacturers (SIAM) said on Friday (December 13, 2024). The overall PV…

Business

Drones transforming farming in India, market to reach $631 million by 2030: Garuda Aerospace CEO

December 13, 2024 admin

Drones transforming farming in India, market to reach 1 million by 2030: Garuda Aerospace CEO

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…

Business

Ashok Leyland set to hike CV prices by 3% from January 2025

December 13, 2024 admin

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…

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Sensex, Nifty slump in early trade dragged down by metal stocks, foreign fund outflows

December 13, 2024 admin

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…

Business

Rupee recovers from all-time low, gains 5 paise to 84.83 against U.S. dollar in early trade

December 13, 2024 admin

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…

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Rupee hits fresh all-time low, settles 4 paise lower at 83.87 against dollar

December 12, 2024 admin

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…

Business

TransUnion CIBIL appoints Bhavesh Jain as MD & CEO

December 12, 2024 admin

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…

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