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NEW DELHI: The telecom sector witnessed a 1.88 per cent sequential growth in adjusted gross revenue (AGR), reaching Rs 67,835 crore in the third quarter (October-December) of FY24, data released by the Telecom Regulatory Authority of India (TRAI) on Tuesday shows. AGR is the basis on which the Department...
NEW DELHI: Housing demand and prices are likely to moderate this fiscal on a high base effect with sales expected to rise 8-10 per cent and rates by around 5 per cent annually, India Ratings and Research (Ind-Ra) said on Tuesday. The rating agency has maintained a neutral outlook...
NEW DELHI: Karnataka and Gujarat continue to lead the race to clean energy transition, but states like Jharkhand, Bihar, West Bengal and Uttar Pradesh need to step up efforts, according to a new report released on Tuesday. The joint report by research organisation, Institute for Energy Economics and Financial...
NEW DELHI: Shares of Reliance Industries Ltd on Tuesday climbed nearly 1 per cent after the company’s annual earnings hit a record high. The stock advanced 0.85 per cent to Rs 2,986.05 on the BSE. At the NSE, it climbed 0.92 per cent to Rs 2,987 apiece. The company’s...
NEW DELHI: None of the G7 members are on track to meet their existing emission reduction targets for 2030, according to a new analysis released on Tuesday. The analysis by Climate Analytics, a global climate science and policy institute, comes ahead of the G7 climate, energy, and environment ministers’...
NEW DELHI: Fintech company Razorpay on Tuesday launched its own UPI infrastructure with ‘UPI Switch’, a cloud-based innovation in partnership with Airtel Payments Bank, and said the solution is geared to ensure smoother and faster transactions. Boosting success rates by 4-5 per cent, the solution is designed to handle...
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...
NEW DELHI: The Centre may disinvest minority stakes in five public sector banks (PSBs) if they fail to comply with the minimum public shareholding (MPS) norm by raising fresh capital from the market in a year, official sources told FE. According to the Securities and Exchange Board of India...
MUMBAI: More than half a dozen foreign portfolio investors (FPIs) that owned substantial stakes in Adani Group firms are looking to settle securities violation matters with markets regulator Sebi, said people familiar with the matter. They have agreed to pay a certain amount as fines, the people said. The...