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NEW DELHI: The government on Friday approved an electric-vehicle policy, under which duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of USD 500 million, a move aimed at attracting major global players like US-based Tesla. According to an official...
MUMBAI: The Securities and Exchange Board of India (Sebi) on Friday approved launch of same day settlement (T+0) for a limited set of 25 scrips with a limited number of brokers along with a slew of measures to bring flexibility for initial public offerings (IPOs), Alternative Investment Funds (AIFs),...
NEW DELHI: India’s merchandise exports grew 11.9% on year in February to $ 41.40 billion, the highest level in 11 months despite the headwinds from the Red Sea crisis and persistent geopolitical tensions and the stagnation in world trade. The growth in goods shipments during the month was the...
NEW DELHI: The Centre will launch a revamped Pradhan Mantri Awaas Yojana- Grameen (PMAY-G) after general elections to build another 20 million affordable houses in the next five years with enhanced financial assistance. With the current affordable rural housing scheme coming to an end in March, the Budget for...
NEW DELHI: Former chief economic adviser Arvind Subramanian on Friday said India’s latest GDP numbers are ‘absolutely mystifying’ and difficult to comprehend. India’s economy grew by better-than-expected 8.4 per cent in the final three months of 2023 – the fastest pace in one-and-half years. “I want to be honest...
NEW DELHI: The government has dropped the permit requirement for untested AI models but emphasised the need to label AI-generated content, according to a latest advisory on Artificial Intelligence technology. Instead of permission for AI models under development, the fresh advisory issued by the Ministry of Electronics and IT...
NEW DELHI: Finance minister Nirmala Sitharaman on Friday said despite huge fluctuations globally, the Indian stock market has maintained “a certain level of sanity” and the market should be allowed to play on its own. The statement from the Finance minister comes days after Sebi chairperson Madhabi Puri Buch...
MUMBAI: Indian white-collar job market is expected to witness optimistic hiring sentiments during the first half of this year, with 92 per cent of recruiters expecting either new or replacement hiring in the first six months of 2024, a survey said on Friday. Naukri’s Hiring Outlook Survey is a...
NEW DELHI: Domestic air traffic rose 4.8 per cent on an annual basis to 126.48 lakh in February, while more than 1.55 lakh passengers were affected by flight delays during the same period, according to official data released on Friday. In February, Air India’s market share rose to 12.8...
MUMBAI: Equity benchmark indices declined nearly 1 per cent on Friday after a day’s breather amid weak global market trends and foreign fund outflows. The 30-share BSE Sensex declined 453.85 points or 0.62 per cent to settle at 72,643.43 after a weak beginning. During the day, the benchmark tanked...