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Business
GE Aerospace CEO lauds PM Modi's UDAN vision, announces new investments in India
21 Oct 2024 10:05 AM GMT
New Delhi, Oct 21: Vikram Rai, the CEO of GE Aerospace in South Asia heaped praise on Modi government's 'Ude Desh ka Aam Nagrik' (UDAN) initiative' and emphasized on the aerospace industry's efforts and endeavour in providing convenient, safe, and sustainable flight solutions connecting every city...
Business
Maldivian President decides to introduce India's UPI in Maldives
21 Oct 2024 9:59 AM GMT
Male, Oct 21: Maldivian President Mohamed Muizzu has decided to take the necessary steps to introduce India's Unified Payment Interface (UPI) in the Maldives. The move is expected to bring significant benefits to the Maldivian economy, including increased financial inclusion, improved efficiency in...
Business
Tata Motors to supply 1,000 diesel bus chassis to UPSRTC
21 Oct 2024 12:48 PM GMT
Mumbai, Oct 21: Tata Motors on Monday announced it has received an order from the Uttar Pradesh State Road Transport Corporation (UPSRTC) to supply 1,000 units of the ‘Tata LPO 1618’ diesel bus chassis. The latest order follows the successful fulfillment of an earlier order of 1,350 bus chassis...
Business
Long term outlook for Indian stock market remains robust amid geopolitical risks
19 Oct 2024 6:16 AM GMT
Mumbai, Oct 19: Despite a sustained selling pressure from the foreign institutional investors (FIIs) amid geo-political tensions this week, the long term outlook for the domestic market remains robust with a stability in growth and a pickup in capex, experts said on Saturday. Apart from heavy FII...
Business
India takes lead in 6G after record 5G roll out: Experts
18 Oct 2024 7:16 AM GMT
Mumbai, Oct 18: After a successful 5G roll out, the country is now taking lead in 6G as the ‘Digital India’ initiative transforms the economy, with the Jan Dhan, Aadhaar and Mobile (JAM) trinity emerging as a solid foundation block, experts said here on Friday. Sumnesh Joshi, Deputy Director...
Business
Stock market trades low on weak global cues, geopolitical sentiments
18 Oct 2024 7:13 AM GMT
Mumbai, Oct 18: The Indian stock market again opened in the red on Friday amid growing geopolitical tensions between Iran and Israel and weak global cues. In early trade, selling was seen in the Information Technology (IT), auto, pharma and Public Sector Undertaking (PSU) bank sectors. The Sensex...
Business
India’s content creation market to reach $480 billion by 2035: Minister
18 Oct 2024 6:50 AM GMT
New Delhi, Oct 18: India is poised to become the content creation capital of the world, with the market projected to grow from the current $30 billion to $480 billion by 2035, Union Minister for Communications Jyotiraditya Scindia has said. Addressing a panel discussion during the ‘India Mobile...
Business
Nestle India's net profit falls to Rs 899 cr in Q2, Manish Tiwary appointed new...
17 Oct 2024 10:04 AM GMT
New Delhi, Oct 17: Nestle India's net profit fell marginally to Rs 899 crore in the second quarter (Q2) this fiscal, from Rs 908 crore in the corresponding quarter of the previous year, according to the company’s quarterly financial results on Thursday. The FMCG company reported revenue from...
Business
India’s readymade garment exports surge despite global headwinds: AEPC
17 Oct 2024 8:52 AM GMT
New Delhi, Oct 17: India’s readymade garment (RMG) exports recorded high growth of 17.3 per cent despite global headwinds and continued inflationary pressure, the Apparel Export Promotion Council (AEPC) said on Thursday. The RMG export growth in India comes as even major apparel exporting countries...
Business
Alternative fuels can drastically cut logistics costs, air pollution: Nitin...
17 Oct 2024 8:47 AM GMT
New Delhi, Oct 17: Highlighting the importance of biofuels in achieving energy independence while tackling air pollution caused by stubble burning, Union Minister of Road Transport and Highways, Nitin Gadkari, said on Thursday that the logistics costs in the country can be drastically reduced by...
Business
Centre asks Ola to offer choices in refund options to consumers
14 Oct 2024 6:10 AM GMT
New Delhi, Oct. 13: The government on Sunday directed Bhavish Aggarwal-run Ola to implement a mechanism allowing consumers to choose their preferred method of refund, and to provide consumers with a bill or receipt or invoice for all auto rides booked through its platform. The Central Consumer...
Business
Prashant Ruia unveils plans for the world’s first decarbonised green refinery
9 Oct 2024 7:14 AM GMT
New Delhi, Oct 9: Essar is on the path to becoming the world’s first decarbonised green refinery in the UK, as highlighted by Prashant Ruia, Director of Essar Capital, at the Financial Times Energy Transition Summit 2024 in Delhi on October 8. During the keynote interview, Essar's ambitious...
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