Twitter and Tesla chief Elon Musk reclaims world's richest person title
Twitter and Tesla chief Elon Musk has once again reclaimed his position as the world's richest person.
Finance
NTPC Green Energy signs MoU with UP Rajya Vidyut Utpadan Nigam to bolster state's renewable energy capacity
Lucknow: NTPC’s green energy arm and the Uttar Pradesh government signed an MoU to collaborate in the development of renewable energy parks and projects and to facilitate the Government of India’s efforts towards energy transition.
Coal production goes up to 76.26 MT in May 2023; coal stock grows 35.48% to 112.41 MT
New Delhi: India’s overall coal production in May grew by 7.10% year-on-year, reaching 76.26 Million Tons (MT).
May GST collection grows 12% YoY to Rs 1,57,090 cr
New Delhi: The gross Goods & Services Tax (GST) revenue collected in the month of May stood at Rs 1,57,090 crore, the finance ministry said on Thursday.
Morgan Stanley hails India for its growth in last 10 yrs
Highlighting the reforms that took place in India since 2014, US-based financial services company Morgan Stanley in its latest report said “this India is different from what it was in 2013”.
HDFC RuPay Credit Cards can now be Linked to UPI
UPI payments are a widely popular and reliable payment option due to hassle-free, quick, and convenient transactions. Until now, these payments were linked to your savings or current account, thus you could spend conveniently as much as the availability of funds in your bank account. Now, however, you can link your credit card with UPI and make convenient payments via credit cards. HDFC Bank is one of the first leading credit card issuers to allow the linking of RuPay credit cards to UPI apps of your choice, like GooglePay, PhonePe, Paytm, and BHIM UPI. Using this feature, you can avail of credit card rewards, discounts, and offers on your regular UPI payments.
RHI Magnesita India reports 37% rise in revenue for FY 2023
Gurugram: RHI Magnesita India, a manufacturer and supplier of high-grade refractory products, systems and solutions, has reported an income of Rs 2,741 crores in FY23, as compared to Rs 2,005 crores for FY 22.
Ashwani Kumar elevated as MD of UCO Bank
New Delhi: The government on Wednesday elevated Ashwani Kumar as Managing Director of UCO Bank.
Air India SATS and YIAPL sign concession agreement to build multi-modal cargo hub at Noida airport
Noida (UP): Air India SATS Airport Services and Yamuna International Airport Private Limited (YIAPL) signed a concession agreement on Tuesday to build a multi-modal cargo hub (MMCH) at the upcoming Noida International Airport.
Power Minister R. K. Singh reviews progress and safety aspects of 2000 MW Subansiri Lower Hydroelectric project
New Delhi: Power minister R. K. Singh on Wednesday discussed the status of the Subansiri Lower Hydroelectric Project, a 2000 Mega Watts undertaking to span across Arunachal Pradesh and Assam, being managed by NHPC Ltd.
Govt appoints Ajay Yadav as MD of Solar Energy Corporation of India
The Centre appointed Ajay Yadav, a 2005 batch IAS officer of the Bihar cadre, as the Managing Director of the Solar Energy Corporation of India Ltd (SECI).
MeitY launches pilot project on electronic repair service outsourcing; projects $20 billion revenue potential in next 5 yrs
New Delhi: The government on Wednesday launched the Electronics Repair Services Outsourcing (ERSO) Pilot initiative on Wednesday with the objective to make India the most attractive repair destination for ICT products globally.
Centre to offload 3% stake in Coal India via OFS route
Mumbai: The Centre has decided to offload a 3 percent stake in state-owned miner Coal India Ltd (CIL) through an offer for sale, starting June 1, media reports said.
SEBI revokes Karvy Stock Broking's registration for misusing clients' funds
Mumbai: The Securities and Exchange Board of India (SEBI) on Wednesday said it has cancelled the registration of brokerage firm Karvy Stock Broking Ltd (KSBL) due to its improper use of clients' funds and securities, media reports said.
Centre invites new applications after reopening semiconductor incentive scheme
New Delhi: The Union government on Wednesday declared its plan to invite applications for the implementation of semiconductor and display fabrication units in India starting tomorrow.
Kotak MF launches Kotak Nifty 200 Momentum 30 Index Fund; NFO closes on June 8, 2023
Kolkata: Kotak Mahindra Asset Management Company Ltd (Kotak Mahindra Mutual Fund) has launched Kotak Nifty 200 Momentum 30 Index Fund, an open-ended scheme replicating/tracking the Nifty 200 Momentum 30 Index.
India is different from what it was in 2013: Morgan Stanley Research report
A report published by Morgan Stanley Research said India has gained positions in the world order with significant positive consequences for the macro and market outlook.
Annapurna Swadisht FY23 PAT leaps 196%; Product Basket expands to 10 categories
Kolkata: Annapurna Swadisht, a Kolkata-based FMCG company, Saturday reported a whopping 163% jump in its revenue at Rs 160.64 crore for the financial year ending March 2022-23 (FY23) compared with Rs 61.05 crore registered in the year-ago period.
Senco Gold & Diamonds becomes first Qualified Jeweller from east India to import bullion on GIFT City’s IIBX post ICEGATE integration
Kolkata: Senco Gold & Diamonds has announced that it became the first Qualified Jeweller from East India to import gold on India International Bullion Exchange (IIBX) post ICEGATE integration.
India's GDP moves up by 6.1 pc in Q4
New Delhi: India's gross domestic product (GDP) grew 6.1% year-on-year in January-March quarter (Q4) of financial year 2022-23, as per data released by Ministry of Statistics & Programme Implementation (MoSPI) on Wednesday.
Output of eight core sectors slows down to 3.5 pc in April
New Delhi: The output of eight core infrastructure sectors slowed down to 3.5% in April 2023 as against 9.5% in April, 2022, revealed data released by the Ministry of Commerce & Industry on Wednesday.
Indian Rupee falls 8 paise to 82.74 against USD
Mumbai: The Rupee on Wednesday slipped eight paise to close at 82.74 on rising demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said.
Indian Market: Sensex drops 346 pts
Mumbai: Snapping a winning streak of the last four sessions, the BSE Sensex on Wednesday dropped 346 pts to close at 62,622.24 ahead of the U.S. Congress's approval of the debt deal.
India's goods exports to touch USD 773 billion by 2030, says report
New Delhi: Registering annual growth rate of 7.5%, India’s exports of goods could reach US$ 773 billion by 2030 with exports to Turkiye, Vietnam and Indonesia to be among the highest-growing export destinations, said a Standard Chartered Bank report on Wednesday.
Strides Pharma Q4FY23 sales at Rs 9,904 million cr, up 14%Y-o-Y; loss narrows 133% YoY to Rs 9.54 cr
Mumbai: Strides Pharma’s quarterly sales stood at Rs 9,904 million, growing 14% increase both sequentially and year-on-year.
Liquidity in banks likely to cross estimate of Rs 1 trillion as per market trends show 80% of the total Rs 2000 notes are deposited: SBI report
Mumbai: Around 80% of the total Rs 2000 notes received are deposited and the rest 20% are exchanged for smaller denominations as per market trends. Even if a fraction of these trends is extrapolated at the banking level, the liquidity in the banking system will shoot much higher compared to previous estimates of around Rs 1 trillion bulge in deposits even if a fraction, said SBI Ecowrap report on Tuesday.
S Chand Publishing reports Rs 576 million net profit in FY23
New Delhi: S Chand Publishing reported a net profit of Rs 576 million in FY23 while the company achieved a significant milestone by becoming net debt-free in April 2023, with a net debt of Rs 60 million and a gross debt of Rs1,268 million.
Adani Ports and Special Economic Zone Q4FY23 net profit soras 5.1% to Rs 1,158.88 cr
Mumbai: Adani Ports and Special Economic Zone (ASPEZ) reported a consolidated net profit of Rs 1,158.88 crore in the fourth quarter of FY23, marking a growth of 5.1% compared to Rs 1,102.61 crore in the same quarter of the previous year.
132.19 crore pieces of soiled Rs 2,000 banknotes disposed in last 3 FYs
Mumbai: A total of 132.19 crore pieces of soiled Rs 2,000 banknotes were disposed of in the last three financial years, according to the annual report of the Reserve Bank of India (RBI).
Coal India raises prices of non-coking coal by 8%
Kolkata: Coal India Ltd (CIL) has raised the prices of non-coking coal by 8 percent, the state-run miner said in a regulatory filing.