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Business
Gold-loan NBFCs grow in India despite cash disbursement restriction: Report
16 Aug 2024 12:53 PM IST
New Delhi, Aug 16: Non-banking financial companies (NBFCs) focusing on gold loans are expected to see reasonable growth in disbursements this fiscal as demand for credit remains strong, a report showed on Friday. A CRISIL Ratings analysis of gold-loan NBFCs found that growth for gold-loan NBFCs has...
Business
Foxconn’s investments to help India become global manufacturing hub: Ashwini...
16 Aug 2024 12:52 PM IST
New Delhi, Aug 16: The investment plans by Hon Hai Technology Group (known as Foxconn) will help India become a global manufacturing hub, Union Minister for Railways, Electronics and IT and I&B, Ashwini Vaishnaw, said on Friday. The Minister met Young Liu, Chief Executive Officer and Chairman of...
Business
Sensex trades higher, smallcap and midcap stocks under pressure
14 Aug 2024 12:03 PM IST
Mumbai, Aug 14: The Indian equity indices opened higher on Wednesday as smallcap and midcap stocks saw some pressure in the morning trade. At 9:47 a.m., Sensex was up 154 points or 0.20 per cent at 79,110 and Nifty was up 23 points or 0.10 per cent at 24,162.Selling was seen in the midcap and...
Business
Ceiling amount payable out of NSE’s Investor Protection Fund Trust now Rs 35...
14 Aug 2024 12:02 PM IST
Mumbai, Aug 14: The National Stock Exchange (NSE) has increased the maximum permissible limit against a single claim from the current amount of Rs 25 lakh to Rs 35 lakh per investor per claim out of its Investor Protection Fund Trust. In a statement, the exchange said the limit will be applicable...
Business
Vinod Khosla slams Musk for his CO2-level tutorial to Trump as ‘dumb’
14 Aug 2024 12:00 PM IST
New Delhi, Aug 14: Venture capitalist Vinod Khosla on Wednesday slammed billionaire Elon Musk over his climate talk tutorial to Republican Party Presidential candidate Donald Trump, saying his thoughts about CO2 ppm (parts per million) levels and their consequences were simply “dumb”.In a thread on...
Business
Growth outlook across sectors remains robust in India: Report
13 Aug 2024 11:50 AM IST
New Delhi, Aug 13: The growth outlook across sectors remains robust in India, especially in the industrials and capex segments, where government spending remains strong, a report showed on Tuesday. Most companies remain constructive on long-term growth and see this as a sustained spell of growth and...
Business
India as world’s 4th largest refiner moves towards energy self-sufficiency:...
13 Aug 2024 11:35 AM IST
New Delhi, Aug 13: India, the world’s fourth largest refiner, is confidently journeying towards energy self-sufficiency under the leadership of Prime Minister Narendra Modi, Petroleum Minister Hardeep Singh Puri said on Tuesday. The Minister said that with the country’s energy demand expected to...
Business
Surge in number of new firms being set up in 2024-25
12 Aug 2024 1:24 PM IST
New Delhi, Aug 12: The number of new company and LLP (limited liability partnership) incorporation's increased by nearly 5 per cent so far during the current financial year to touch the 91,578 mark compared to 87,379 in the same four-month period last year, according to Ministry of Corporate...
Business
Emkay Global gives Adani Green Energy 'buy' rating, target price of Rs 2,550 per...
12 Aug 2024 1:22 PM IST
Mumbai, Aug 12: Adani Green Energy Ltd (AGEL) has shown remarkable growth with its operational renewable energy (RE) capacity expanding at a 41 per cent CAGR over the past five years, brokerage firm Emkay Global said on Monday, initiating coverage on the company with a 'buy' recommendation and a...
Business
Adani Foundation receives 'Van Pandit Award' for afforestation initiatives in...
10 Aug 2024 1:27 PM IST
Ahmedabad, Aug 9: The Adani Foundation on Friday said it has won the ‘Van Pandit Award’ for planting more than 1,70,000 trees in Gujarat's Mundra in 2022-23. The award was conferred by Gujarat Chief Minister Bhupendra Patel, in the presence of senior officials. This achievement has ranked the...
Business
Centre approves 8 railways projects worth Rs 24,657 cr, to create 3 cr man days
10 Aug 2024 1:26 PM IST
New Delhi, Aug 9: In a bid to provide seamless connectivity while facilitating ease of travelling in new areas, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Friday approved eight railways projects worth about Rs 24,657 crore. The new line projects, to...
Business
PM MITRA Parks to bring Rs 70,000 crore investment in textiles sector: Minister
10 Aug 2024 1:24 PM IST
New Delhi, Aug 9: The Centre has approved the setting up of seven PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in greenfield and brownfield sites with world-class infrastructure including plug and play facility with an outlay of Rs. 4,445 crores for a period of seven years up to...
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