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Business
EV startup Battery Smart raises $65 million led by LeapFrog Investments
11 Jun 2024 1:01 PM IST
New Delhi, June 11: Electric vehicle (EV) startup Battery Smart on Tuesday said it has secured $65 million in a Series B funding round led by LeapFrog Investments. The startup said it will use the capital to scale its dense battery swapping network across the country and drive more electric mobility...
Business
Centre releases Rs 1.39 lakh crore as tax devolution to states to boost...
11 Jun 2024 1:00 PM IST
New Delhi, June 11: In a bid to enable state governments to accelerate development and capital spending, the BJP-led NDA government released one additional instalment of devolution of taxes, cumulatively amounting to Rs 1,39,750 crore this month. The Interim Budget 2024-25 had a provision of Rs...
Business
India offers strongest employment outlook in Asia Pacific in Q3: Report
11 Jun 2024 12:59 PM IST
New Delhi, June 11: India has offered the strongest employment outlook in Asia Pacific (APAC) at over 30 per cent in the third quarter (Q3) of 2024, a new report showed on Tuesday. According to the global workforce solutions company ManpowerGroup, the strongest hiring intentions continue in North...
Business
We value our partnership for promoting innovation for benefit of humanity: PM...
10 Jun 2024 3:40 PM IST
New Delhi, June 10: Prime Minister Narendra Modi on Monday thanked Microsoft co-founder and billionaire philanthropist Bill Gates for congratulating him for winning the Lok Sabha elections for the record third time, saying, We value our partnership for promoting innovation for the benefit of...
Business
Equity mutual funds hit record Rs 34,697 crore in May, all eyes on govt’s 100...
10 Jun 2024 3:30 PM IST
Mumbai, June 10: Equity mutual fund inflows reached a record Rs 34,697 crore in May, an 83.42 per cent jump from the previous month, marking 39 consecutive months of positive trends, the Association of Mutual Funds of India (AMFI) said on Monday.Net inflows into equity mutual funds surpassed the Rs...
Business
India needs 3 lakh skilled professionals for semiconductor industry by 2027:...
10 Jun 2024 3:27 PM IST
New Delhi, June 10: As India embarks on its ambitious semiconductor journey, the country will require 2.5 lakh 3 lakh skilled professionals by 2027 across Research and Development (R&D), design, manufacturing and advanced packaging domains, a report showed on Monday.De-risking initiatives by the...
Business
‘ONDC will become a formidable e-commerce player in near future’
10 Jun 2024 3:20 PM IST
New Delhi, June 10: The government run Open Network for Digital Commerce (ONDC) is set to become a formidable e-commerce player in the near future, said ONDC MD and CEO T Koshy on Monday.In an interview, Koshy said that the good traction the platform received in the last 15 months proves that ONDC...
Business
Viney Equity Market co-leads Rs 715 cr investment in Vikram Solar
10 Jun 2024 3:17 PM IST
New Delhi, June 10: Venture capitalist Viney Equity Market on Monday announced that it co-led a Rs 715 crore investment in solar panel manufacturers and power companies Vikram Solar and contributed Rs 12 crore to the funding round, alongside participation from multiple investors.The funding will...
Business
Next 5 years to focus on skilling, creating vast number of new jobs: Amitabh...
8 Jun 2024 12:38 PM IST
New Delhi, June 8: As the demand for talented young Indians grows for emerging technologies, the new government under Prime Minister Narendra Modi will further focus on skilling and creating new jobs, G20 Sherpa Amitabh Kant has said.There is an urgent need to bridge the gap between industry demands...
Business
Stock markets gain 3 per cent as political stability returns
8 Jun 2024 12:36 PM IST
Mumbai, June 8: In a week full of political surprises, the Indian Indices saw high volatility but ended up gaining more than 3 per cent, buoyed by Prime Minister Narendra Modi’s return for the record third term and RBI’s monetary policy announcements. The BSE Sensex hit a fresh all time high of...
Business
NDTV shares surge more than 4.8 pc as market reaches all time high
8 Jun 2024 12:33 PM IST
Mumbai, June 7: As the stocks of Adani Group portfolio companies surged on Friday while the Sensex and Nifty climbed over 2 per cent to close at record high levels, the shares of NDTV climbed more than 4 per cent, the highest among the group companies. The shares of Adani Group Portfolio made a...
Business
NHAI plans to roll out Global Satellite based toll system for barrier free for...
8 Jun 2024 12:31 PM IST
New Delhi, June 7: To provide a seamless and barrier free tolling experience to National Highway users and enhance efficiency and transparency of toll operations, NHAI has invited global expression of interest (EOI) from innovative companies to develop and implement a Global Navigation Satellite...
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