Business
Digital Gets Pride Of Place In ₹14,000-Crore Agro, Food Safety Schemes
NEW DELHI: The Union Cabinet Monday approved seven schemes totalling nearly ₹13,966 crore, aimed at improving farmer incomes through technological interventions and revamping existing farming practices. Key among them was the Digital Agriculture Mission with an outlay of ₹2,817 crore to build digital public infrastructure (DPI) for farmers. An...
Companies, Banks Struggle To Implement TRAI’s URL Whitelisting Norms
MUMBAI: Large enterprises and banks are finding it challenging to register unique, dynamic weblinks and shortened URLs-under the telecom regulator’s mandate-which are generated in real-time and cannot be pre-registered on the SMS filtering platform deployed by telecom companies. Shortened URLs such as bitly, shorturl, tinyurl etc are temporary links...
China Dominates Steel Imports In India
India is witnessing a significant surge in steel imports from China, contributing to a growing trade deficit and challenging the domestic steel industry. This trend is alarming for India’s economic stability, as the steel sector is a crucial component of its industrial growth. The influx of cheaper Chinese steel...
Cabinet Approves Rs 18,036 Crore Railway Line Connecting Manmad And Indore
NEW DELHI: The Union Cabinet Committee on Economic Affairs (CCEA) on Monday approved a new 309-kilometre railway line between Maharashtra and Madhya Pradesh worth Rs 18036 crore, which will connect Manmad and Indore. Speaking at a press conference, Union Minister for Railways, Electronics and Information Technology, and Information and...
Cabinet Approves ₹26,000 Crore Deal With HAL For 240 Aero-Engines For Su-30 MKIs
NEW DELHI: Prime Minister Narendra Modi-headed Cabinet Committee on Security in its meeting on Monday approved a proposal for procurement of 240 aero-engines (AL-31FP) for Russian-origin SU-30 MKI fighter aircraft from defence PSU Hindustan Aeronautics Limited (HAL) at a cost of over ₹26,000 crore. Earlier, the MoD had given...
Godrej Properties Wins Bid For Two Housing Plots In Gurugram Costing Rs 515 Crore
NEW DELHI: Realty firm Godrej Properties has won bid for two residential plots in Gurugram costing Rs 515 crore and will develop luxury homes worth Rs 3,400 crore on these land parcels. In a regulatory filing on Monday, Godrej Properties informed that it has “emerged as the highest bidder...
FICCI CASCADE Underlines Need For Global Cooperation To Curb Smuggling For Sustainable Growth
NEW DELHI: To combat the menace of smuggling and counterfeiting that feed into terror financing and organised crime, FICCI Committee Against Smuggling and Counterfeiting Destroying the Economy (CASCADE) will be organising the 10th edition of MASCARADE (Movement Against Smuggling and Counterfeit Trade) this month in the national Capital. MASCARADE...
Moody’s Raises India’s Growth Projection; Fitch Affirms ‘BBB-‘ Rating
NEW DELHI: Moody’s Ratings raised India’s gross domestic product (GDP) growth projection for this calendar year to 7.2 per cent from 6.8 per cent previously on the back of expectations of robust broad-based recovery and signs of improving rural demand, while Fitch affirmed the country’s sovereign credit rating, the...
Govt Lowers Minimum Public Shareholding Rule To 10% For GIFT City Listing
NEW DELHI: The finance ministry on Thursday issued a notification allowing companies to list on stock exchanges in GIFT City with a minimum of 10 per cent public shareholding, down from the previous requirement of 25 per cent for continued listing on stock exchanges in India and GIFT City....
India On The Cusp Of A New Revolution In Telecom, Can Lead The World In 6G
NEW DELHI: India can lead the world in 6G, after keeping pace with the world in 3G and 5G, communications minister Jyotiraditya Scindia said. Speaking with Kiran Rathee and Romit Guha, Scindia, also the minister of development of north eastern region (DoNER), said the government has fixed no timeline...
Centre Sets Milestones For States On Urban Land Reforms
NEW DELHI: The Centre has set three milestones in urban land reforms, which will lead to the finalisation of land parcel-based property cards, for states to become eligible for incentives in the form of grant-like capex loans. It has earmarked Rs 5,000 crore in FY25 for the participating states...
Adani Tops Ambani As India’s Richest On Hurun List, SRK Makes Debut
MUMBAI: Despite challenges following US-based short seller Hindenburg Research’s report against his companies in January last year, billionaire Gautam Adani and his family top the 2024 Hurun India Rich List, after their wealth increased 95 per cent to Rs 11.61 trillion. He replaced Reliance Industries Chairman Mukesh Ambani and...
NTPC Plans New Subsidiary For Nuclear Energy Business
State-owned NTPC is planning to set up a new subsidiary to undertake nuclear projects, its chairman and managing director Gurdeep Singh said on Thursday. Speaking at the company’s 48th annual general meeting, he said NTPC is on the verge of commencing work on the 2.8-gigawatt (GW) Mahi Banswara nuclear...
New Energy To Rival O2C Business; Rs 75,000 Crore Investment Plan On Track
MUMBAI: Reliance Industries has chalked major plans for its new energy business, which includes production of solar photovoltaic modules by year-end. With new units being set up for the renewable energy solutions, the company is also aiming to make Jamnagar the energy capital of the world. It is also...
Ambani Announces Jio AI Cloud Welcome Offer; Up To 100 GB Free Cloud Storage For Jio Users
NEW DELHI: Stepping up the company’s AI and cloud play, Reliance Industries Chairman Mukesh Ambani on Thursday announced that Jio users will get up to 100 GB of free cloud storage to securely store and access their photos, videos, documents, digital content and data. Addressing the 47th AGM of...
Industry Came Forward For Rules On Small, Medium REITs: SEBI Chief
MUMBAI: Sebi chief Madhabi Puri Buch on Thursday said there has been a positive response to small and medium REITs (real estate investment trusts) and industry players came forward for regulations on such entities. Recently, the Securities and Exchange Board of India (Sebi) implemented regulations for small and medium...
Paytm Shares Jump 5 Per Cent On Receiving Govt’s Nod For Investment In Paytm Payments Services
NEW DELHI: Shares of fintech firm One97 Communications — the owner of Paytm brand — jumped 5 per cent on Thursday morning after the company received the government’s approval for downstream investment in wholly-owned subsidiary Paytm Payments Services Ltd. The stock climbed 5 per cent to Rs 565 on...
Indian Economy Remains Resilient Amid Global Uncertainties
NEW DELHI: Amid global geo-political uncertainties, the Indian economy has remained resilient but the outlook seems softer due to moderation in a couple of high-frequency indicators, according to the Monthly Economic Review for August. The review was released by the National Council of Applied Economic Research (NCAER). The report...
