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Business
3 day RBI MPC meet begins to balance strong economic growth with inflation
4 Dec 2024 7:59 AM GMT
New Delhi, Dec 4: The three day Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting began on Wednesday, as the central bank seeks to balance fostering economic growth with managing inflation.The focus once again is on the repo rate which has been steady at 6.5 per cent for the past...
Business
127 Indian companies committed to net-zero targets: Report
4 Dec 2024 7:57 AM GMT
Mumbai, Dec 4: About 127 companies in India are committed to net-zero targets, according to a report. The report by ICRA ESG Ratings’ showed that about 7 per cent of these belong to high emissions sectors like construction materials and mining, while others are from sectors like textiles, software,...
Business
EPFO investment corpus doubles to Rs 24.75 lakh crore in 5 years
4 Dec 2024 7:38 AM GMT
New Delhi, Dec 4: The total amount in the investment corpus of the Employees’ Provident Fund Organisation (EPFO) more than doubled in the past five years to Rs 24.75 lakh crore in the financial year 2023-2024 from Rs 11.1 lakh crore 2019-20, according to official figures.EPFO invests funds in...
Business
India among world’s top 10 exporters of high-value products
3 Dec 2024 10:11 AM GMT
New Delhi, Dec 3: India has recorded a sharp increase in exports for several key product categories with the country maintaining or improving its rank among the top ten global suppliers, in export values exceeding $1 billion in 2023, according to figures released by the Commerce and Industry...
Business
India’s domestic air passenger traffic to see 7-10 pc growth in FY25
3 Dec 2024 9:57 AM GMT
New Delhi, Dec 3: India is projected to see 7-10 per cent growth (year-on-year) in domestic air passenger traffic at 164-170 million in FY25, according to a report on Tuesday. In the first half this fiscal (H1 FY25), the domestic air passenger traffic stood at 79.3 million, witnessing a YoY growth...
Business
Turn around time for ships at India’s ports cut by 48.65 pc
3 Dec 2024 9:41 AM GMT
New Delhi, Dec 3: The average turn around time for ships at India’s major ports has come down by as much as 48.65 per cent from 93.59 hours in 2013-14 to 48.06 hours in 2023-24, Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal informed the Rajya Sabha on Tuesday. This reflects...
Business
Centre plans to invest Rs 9.1 lakh crore for expanding electricity network
28 Nov 2024 10:01 AM GMT
New Delhi, Nov 28: The Union Ministry of Power has drawn up plans to invest Rs 9.12 lakh crore to expand power transmission infrastructure in the country by 2031-32, Minister of State for Power Shripad Yesso Naik has informed the Rajya Sabha.According to the National Electricity Plan (Transmission),...
Business
BJP led NDA’s resounding assembly election wins to push economic reforms
28 Nov 2024 9:58 AM GMT
Mumbai, Nov 28: The recent state assembly election victories have further consolidated the position of BJP-led NDA which will provide much needed stability and resolve to push for economic reforms, according to a report on Thursday. The results of recent state/Bye-elections in Maharashtra, Haryana,...
Business
IITF 2024 closes on high note with over 1 million visitors
28 Nov 2024 9:24 AM GMT
New Delhi, Nov 28: The 43rd edition of the India International Trade Fair (IITF) in the national capital this year succeeded in attracting more than one million visitors and generating a good amount of business for participants, said Premjit Lal, Executive Director of India Trade Promotion...
Business
India's milk production rises 4 pc to cross 239 million tonnes in 2023-24
27 Nov 2024 6:40 AM GMT
New Delhi, Nov 27: India's milk production increased by 4 per cent to 239.3 million tonnes in 2023-24, Union Minister of Fisheries, Animal Husbandry and Dairying Rajiv Ranjan Singh said. Union Minister Singh said the per capita availability of milk has also risen to 471 gm per day in 2023-24 from...
Business
Centre spent Rs 3,623 crore on steps to curb burning of crop stubble
27 Nov 2024 6:20 AM GMT
New Delhi, Nov 27: The Centre has spent Rs 3,623.45 crore on crop residue management, since 2018, in Delhi, Punjab, Haryana, and Uttar Pradesh, Union Minister of State for Environment, Forest and Climate Change Kirti Vardhan Singh informed in the Lok Sabha. Punjab has been allocated the highest...
Business
Gautam Adani, nephew Sagar Adani clear of bribery charges as per US DoJ...
27 Nov 2024 6:11 AM GMT
New Delhi, Nov 27: Adani Group Chairman Gautam Adani, nephew Sagar Adani, and senior executive Vneet Jaain are clear of any bribery charges as per the US Department of Justice (DoJ), according to the latest filing with the stock exchanges by a group company, Adani Green Energy Ltd. (AGEL). In its...
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