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NEW DELHI: The government is taking a slew of steps to rein in prices of food items, given that even the latest retail food inflation print was higher than projected by the Reserve Bank of India. The new set of measures come at a time when projections of “above-normal”...
NEW DELHI: The government is exploring policy mechanisms to capture the increase in land value resulting from road projects, including auctioning exits at greenfield expressways and ‘betterment’ levy, as it looks to ramp up funding for infrastructure creation, a senior official told ET. In this regard, the roads ministry...
MUMBAI: In the aftermath of the Reserve Bank of India(RBI) measures on unsecured consumer credit, banks and non-bank lenders are looking to reduce their personal loan portfolios. This will lead to a fall in the personal loan mix within the overall co-lending assets under management, say experts. “Considering the...
MUMBAI: Missing analysts’ estimate, Mukesh Ambani-promoted Reliance Industries Limited (RIL) on Monday reported a 1.8 per cent year-on-year (Y-o-Y) decline in its consolidated net profit (attributable to the owners of the company) for the quarter ended March 2024 (Q4FY24) because of higher tax expenses. At Rs 18,951 crore, the...
More than 70% of the global workforce is exposed to risks linked to climate change that cause hundreds of thousands of deaths each year, the International Labour Organization (ILO) said on Monday, adding governments would need to act as the numbers rise. Workers, especially the world’s poorest, are more...
NEW DELHI: India’s major ports saw a 5 per cent-odd y-o-y increase in cargo traffic, including container movement, to 819.3 million tonnes (mt), driven by rising iron ore exports and increasing coking coal imports. Cargo traffic in the earlier fiscal (FY23) was 784.3 mt, data by the Indian Ports...
BENGALURU: HP Inc has partnered with Metal Injection Molding (MIM) company Indo-MIM to mass produce metal 3D parts in India. The company is looking at a nearly 40 per cent growth in India, said Savi Baveja, President of Personalisation and 3D Printing, HP. With HP’s 3D Binder Jet technology,...
CHENNAI: Electric car sales keep rising and could reach about 17 million in 2024, accounting for more than one in five cars sold worldwide, according to a report ‘The Global EV Outlook 2024 by the International Energy Agency (IEA). In 2023, global sales of electric cars reached close to...
India is the fourth largest military spender in the world with its military expenditure 83.6 billion dollars in year 2023. This is 4.2 per cent higher than in 2022, said the Stockholm International Peace Research Institute (SIPRI) in its annual report released on Monday. The biggest spender is USA...
NEW DELHI: In a groundbreaking collaboration aimed at empowering marginalized communities, the National Skill Development Corporation (NSDC) and the International Society for Krishna Consciousness (ISKCON) is all set to provide vocational training to tribal and underprivileged youth across multiple states. The strategic partnership will initially focus on skilling youth...