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NEW DELHI: Ambuja Cements Ltd, owned by Adani Group, on Monday said it will invest Rs 6,000 crore in 1,000 MW renewable power projects by FY26. The transformative investment, funded through Internal accruals, encompasses a diverse portfolio of solar and wind power projects strategically positioned across Gujarat and Rajasthan,...
NEW DELHI: Reliance Industries Ltd was the biggest wealth creator during the five-year period from 2018 to 2023 while Adani Enterprises Ltd was the top all-round wealth creator, according to a study by Motilal Oswal Financial Services. The study, based on stock market performance of companies, said for the...
MUMBAI: A large number of employees believe that short nap breaks during office hours help battle fatigue and also increase efficiency and well-being of workers, according to a survey. The practice of ‘inemuri’, which involves taking short nap breaks during office hours while remaining present in the workplace, has...
NEW DELHI: Realty firm Emaar India will invest Rs 900 crore over the next four years to develop a luxury housing projects in Gurugram as part of its expansion plan, a top company official said. The company, which is part of Dubai-based Emaar Properties, has launched and already sold...
NEW DELHI: In what may come in as a big relief for space telecommunications service providers such as Elon Musk’s Starlink, Bharti’s OneWeb, Amazon’s Project Kuiper, and British Inmarsat, the telecom bill is likely to recommend administrative allocation of spectrum for them. However, Reliance Jio has been demanding the...
NEW DELHI: India’s merchandise exports in 2023 would not buck the larger global trends and are set to contract 5.3%, according to an analysis by trade policy think tank. But the performance of electronics segment stands out, giving indications that support measures might work for other priority sectors too....
MUMBAI: After every blow up in the financial markets, credit rating agencies (CRAs), often the whipping boys in a fiasco, complain how they have been kept in the dark by lenders and financial institutions holding back sensitive facts. Will this ever change? Hints are that it finally may. For...
MUMBAI: A month after the Reserve Bank of India announced tighter regulations for credit to non-banking financial companies, cost of borrowing for these players has jumped sharply. Banks too are paying more for funds amid tight liquidity conditions in the banking system. Cost of borrowing for companies, banks and...
MUMBAI: The microfinance industry has put disruptions relating to Covid-19 and demonetisation behind it. But the segment is still grappling with challenges due to high attrition rate and steep interest rates, say experts. In its Inclusive Finance India Report 2023, ACCESS Development Services pegs the microfinance industry’s attrition at...
Adani group has acquired a 50.5 per cent stake in newswire services provider IANS India Pvt Ltd for ₹5.1 lakh, further consolidating its presence in the media sector. The acquisition was done through Adani Enterprises’ subsidiary AMG Media Networks, which signed an agreement with IANS and its shareholder Sandeep...
NEW DELHI: India will buy crude oil from Venezuela as a number of Indian refineries are equipped to process heavy crudes, Petroleum Minister Hardeep Singh Puri said. With the United States (US) easing sanctions on Caracas in October, India’s imports of Venezuelan oil are set to resume after three...
Coal demand in India, the world’s second largest consumer of the critical commodity, is expected to rise by 3.5 per cent annually till 2026 topping 1,397 million tonnes (mt), the International Energy Agency (IEA) said on Friday. “India becomes the driving force behind the upward pressure on global coal...
NEW DELHI: The Defence Ministry on Friday inked a contract with Bharat Electronics Limited (BEL), Pune, for procurement of Electronic Fuzes for the Indian Army for a period of 10 years, at a total cost of Rs 5,336.25 crore. As part of the ‘Aatmanirbhar Bharat’ vision, this contract has...
NEW DELHI: The government has reviewed the steel import situation amid concerns raised by the domestic industry over the increased inward shipments, according to an industry official. Steel players have been raising concerns with various ministries including steel and commerce over the surge in steel imports from select countries...
NEW DELHI: India’s goods exports slipped back into contraction in November, recording a fall of 2.83% to $33.9 billion, but a sharp drop in imports narrowed the trade deficit to a three-month low of $20.58 billion, official data showed. Trade deficit had touched an all-time high of $31.5 billion...
NEW DELHI: As talks with the European Union (EU) on resolving the dispute around Indian import tariffs on information technology products hit a roadblock, to preempt the adoption of an adverse ruling that had been delivered in the case at the World Trade Organisation (WTO) New Delhi has filed...
NEW DELHI: India will become the world’s third largest economy by 2026 as its GDP in current dollar terms will reach USD 5 trillion in that year and further rise to USD 5.5 trillion in 2027, former Niti Aayog Vice Chairman Arvind Panagariya said on Friday. Delivering the 18th...
MUMBAI: Bucking the overall positive market trend, life insurance stocks declined by up to 8 per cent on Friday after the Insurance Regulatory and Development Authority of India (Irdai) proposed a higher surrender value for life insurance companies. In the last two days, the stock of Life Insurance Corporation...