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Business
Gautam Adani lists 3 key areas in building robust national infrastructure
19 Jun 2024 12:59 PM IST
Mumbai, June 19: Gautam Adani, the Chairman of the Adani Group, on Wednesday, listed three key areas which will further help the national infrastructure grow in years to come, driving the country to realise its goal of becoming a $30 trillion economy by 2050.According to Gautam Adani, touted as 'The...
Business
Sensex, Nifty hit new all-time high on strong global cues
18 Jun 2024 1:00 PM IST
Mumbai, June 18: Indian equity frontline indices opened in green on Tuesday following positive global cues. In the early trade, Sensex and Nifty made a new all-time high of 77,326 and 23,573 respectively.At 9:45 a.m., Sensex was at 77,315, up 322 points or 0.42 per cent, and Nifty was up 94 points...
Business
India's pharma exports clock double-digit growth amid surging demand in US, UK
18 Jun 2024 12:59 PM IST
New Delhi, June 18: India’s pharmaceutical exports continue to register double-digit growth, reflecting the strong demand for the country’s affordable generic medicines in global markets led by the USA and UK.India’s pharma exports grew by 10.45 per cent in May this year to touch the $2.3 billion...
Business
New 410 GW offshore wind capacity to be installed over next 10 years globally:...
18 Jun 2024 12:58 PM IST
New Delhi, June 17: At least 410 GW of new offshore wind capacity will be installed in the next 10 years globally, bringing offshore wind deployment in line with global targets to install 380 GW by 2030, a new report said on Monday.This anticipated growth will be driven by the arrival of the next...
Business
LG Electronics to pay $65.2 million in dividends to shareholders
18 Jun 2024 12:56 PM IST
Seoul, June 18: LG Electronics said on Tuesday it will pay out 90 billion won ($65.2 million) in dividends to its shareholders for the first half as part of plans to increase shareholder value. Shareholders will receive 500 won per share on June 30, according to the company in a filing.This dividend...
Business
Fitch raises India's GDP growth forecast for FY25 to 7.2 pc
18 Jun 2024 12:45 PM IST
New Delhi, June 18: Global rating agency Fitch on Tuesday raised India's GDP growth forecast for FY25 to 7.2 per cent, from 7 per cent. The rating agency said in its report that recovery in consumer spending and increasing investment trends are the main factors for this update.Fitch said in its...
Business
Govt to launch 10th round of commercial coal block auction next week
15 Jun 2024 12:54 PM IST
New Delhi, June 14: Union Minister of Coal and Mines G. Kishan Reddy will launch the 10th round of commercial coal block auctions next week, an official said on Friday. During the 10th round of auction, about 62 blocks are likely to be offered without end user restrictions.Coal from these commercial...
Business
Will forge long-term partnership with Tanzania across infrastructure sectors:...
15 Jun 2024 12:52 PM IST
New Delhi, June 14: Gautam Adani, Chairman of the Adani Group, on Friday said the Adani Group is looking forward to forge a long-term partnership with Tanzania one of Africa's most promising and strategically important nations across industries including ports, renewable energy, and airports.Gautam...
Business
We aim to educate, engage stakeholders on Social Stock Exchange: NSE CEO
15 Jun 2024 12:51 PM IST
New Delhi, June 14: The National Stock Exchange (NSE), under the guidance of markets regulator SEBI, has initiated a series of events across India to raise awareness about the Social Stock Exchange (SSE), Ashish Kumar Chauhan, MD and CEO, NSE, said on Friday.The SSE vision, outlined by Finance...
Business
India’s rising economic clout makes it key constituent of G7 meet
15 Jun 2024 12:50 PM IST
New Delhi, June 14: Prime Minister Narendra Modi is presently in Italy on his first foreign visit after being re-elected as the PM for the third time in a row to attend the 50th Summit of the G7 countries Italy, Canada, France, Germany, Japan, the UK, and the US. This is PM Modi's fifth consecutive...
Business
Hyundai Motor India files draft papers for Rs 25,000 crore IPO
15 Jun 2024 12:48 PM IST
Mumbai, June 15: Hyundai Motor India Limited, the Indian arm of the South Korean auto giant, on Saturday, filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an IPO to raise around $3 billion (Rs 25,000 crore).“The objects of the offer are to...
Business
Centre puts Pune Metro line extension, Gudur-Renigunta 3rd rail line projects on...
15 Jun 2024 12:46 PM IST
New Delhi, June 15: The Pune Metro line extension project in Maharashtra and the Gudur-Renigunta third railway line in Andhra Pradesh were taken up for discussion at a high level inter ministerial meeting to maximise the regional benefits of the projects, the Commerce and Industry Ministry said on...
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