CATEGORIES

Majumder assumes charge as Director (Fin) of Oil India Ltd

Abhijit Majumder assumes charge as Director (Finance) on the Board of Oil India Limited (OIL) on 20th November, 2024.

Moglix acquires Khatema Fibres for ₹80 crore

B2B e-commerce platform Moglix on Thursday announced acquisition of paper manufacturing firm Khatema Fibres for Rs 80 crore and said it would help the platform expand product portfolio.

DPIIT gives nod to Hinduja Group firm IIHL for acquisition of RCAP

The Department for Promotion of Industry and Internal Trade (DPIIT) has given a go-ahead to Hinduja Group firm IIHL for acquisition of debt-ridden Reliance Capital Ltd (RCAP), sources said.

Hyundai Motor India to set up 2 RE plants at Chennai facility

Hyundai Motor India Ltd (HMIL) on Thursday said it will set up two renewable energy plants at its vehicle manufacturing unit in Tamil Nadu as part of the company's move to transition to 100 per cent renewable electricity across manufacturing operations by 2025.

Moody's says indictment of Gautam Adani on bribery charges credit negative for group

Moody's Ratings on Thursday said it will look at Adani group's governance practices when assessing the ports-to-energy conglomerate's ability to access capital in the aftermath of indictment of the group head Gautam Adani on bribery charges.

India's consumer durable makers to log 11-12% growth in FY25

Revenue of consumer durable manufacturers in India is projected to rise 11-12% this fiscal (FY25), continuing the healthy run after a strong 13% growth last fiscal, according to a report on Thursday.

Domestic solar installations surge 167% to 16.4 GW in Jan-Sep: Mercom

India added 16.4 gigawatt (GW) of solar capacity during January-September 2024, posting a 167 per cent year-on-year rise on account of commissioning of delayed projects, Mercom Capital said.

Coal India relaxes purchase restrictions on non-power sectors, private power cos

This is a major shift in policy Coal India has followed for nonpower sectors over the past eight years

Tata Power, ADB ink pact for $4.25-bn finance for key energy projects

Tata Power on Thursday said it has signed an initial pact with Asian Development Bank (ADB) to evaluate financing worth USD 4.25 billion for its several strategic projects.

ACC, NLC India, others bag five coal mines in 10th round of auction

NLC India Ltd, ACC Ltd, and JSW Energy Utkal Ltd are among the five companies that have bagged five mines on the first day of the tenth round of commercial coal mine auction, according to an official statement issued on Thursday.

Jio, Airtel, VIL collectively lose over 1 crore mobile subscribers in Sep

Private telcos Reliance Jio, Bharti Airtel and Vodafone Idea cumulatively lost over one crore wireless subscribers in September, even as state-owned BSNL surprised with net adds of almost 8.5 lakh mobile users, as per monthly data released by TRAI.

Ministry directs EPFO to ensure UAN activation for employees through Aadhaar-based OTP

The Ministry of Labour and Employment has directed the Employees' Provident Fund Organisation (EPFO) to work in a campaign mode with employers and ensure the activation of the Universal Account Number (UAN) of employees, the ministry said in a release on Thursday.

93% of Indian execs surveyed see cyber-budget increase next year

As much as 93 per cent of Indian executives surveyed anticipate a rise in their cybersecurity budget next year, with 17 per cent planning to raise their budgets by 15 per cent or more, according to PwC India Digital Trust Insights 2025.

Indian MSMEs create about 10 cr jobs in 15 months

The total number of new jobs created by micro, small and medium enterprises (MSMEs) in the country has gone up by close to 10 crore in the last 15 months, official data recorded on the government's Udyam portal showed.

Gilts end down as US yields rise, Russia-Ukraine tensions escalate

Government bond prices ended lower on Thursday due to an overnight rise in US Treasury yields and the news of a flare-up in the Russia-Ukraine war, dealers said.

Power shortages may limit the growth of AI data centres

The rapid expansion of artificial intelligence (AI) and generative AI (GenAI) technologies is set to strain global power supplies, as per a latest report.

Steelmakers need to collaborate with IISc & IITs

Union Steel Minister HD Kumaraswamy has said that steelmakers need to collaborate with leading institutions like Indian Institute of Science (IISc) and IITs for research to create a globally-competitive and technologically-advanced steel industry.

Goyal asks industry to utilise ₹1L cr ANRF fund to foster innovation

Commerce and Industry Minister Piyush Goyal on Thursday asked India Inc to utilise the Rs 1 lakh crore fund under the Anusandhan National Research Foundation (ANRF) to foster innovation and create a research-based ecosystem in the country.

K'taka Milk Federation enters Delhi-NCR

Karnataka Chief Minister Siddaramaiah on Thursday launched the Karnataka Milk Federation's (KMF) Nandini brand milk products in the Delhi-NCR market, pricing them marginally lower than competitors to gain a foothold in the region.

Domestic airlines, fleet to touch l,400 planes in 5 yrs

Civil Aviation Secretary Vumlunmang Vualnam on Thursday said the number of planes with domestic airlines will increase to l,400 in the next five years as he highlighted the growth potential of the country's aviation space.

Sebi abolishes l% security deposit requirements in public issues

Markets regulator Sebi on Thursday abolished the requirement of a mandatory security deposit with the exchanges before a public issue in a bid to facilitate ease of doing business for issuer companies.

CEA Nageswaran asks India Inc not to seek protective cover of weak currency

Chief Economic Advisor V Anantha Nageswaran on Thursday advised India Inc not to seek protective cover of weak currency as it is not a substitute for productivity and investment in research and development.

Rupee falls 8 paise to hit all-time low of 84.50 per US dollar

The rupee depreciated 8 paise to settle at an all-time low of 84.50 against the US dollar on Thursday, dragged down by massive sell-off in domestic equity markets and surging crude oil prices amid a volatile geopolitical situation.

Sensex, Nifty tumble amid broad-based selloff

Equity benchmark indices Sensex and Nifty tumbled on Thursday amid a sharp fall in Adani group stocks after billionaire industrialist Gautam Adani was charged in the US for alleged bribery and fraud.

Price stability bedrock for sustained growth: RBI Guv

MONETARY POLICY | Central Bank aims to target 4% inflation

Sulafest to return after 5 years in Feb 2025

After a hiatus of nearly five years, India's most iconic wine and music festival, Sulafest, is making its much-awaited return.

Three-tier security for strong rooms

To safeguard the strong rooms housing EVMs for the four city constituencies and Igatpuri, a three-tier security system has been established under the jurisdiction of the Police Commissionerate.

National conference on capital market

Chhatrapati Sambhajinagar branch of WIRC of ICAI has organised a two-day National Conference on Capital Market on Nov 22 and 23 under the aegis of the Committee on Financial Markets and Investors' Protection.

Special drive for caste certificate verification

The caste certificate verification committee will organise a special drive on Nov 28 for the verification of the caste certificates of the students of various reserved categories willing to take admissions for the vocational courses in the academic year 2024-25, informed the member secretary of the committee, Kishor Kulkarni.