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India’s readymade garment exports surge despite global headwinds: AEPC
Business

India’s readymade garment exports surge despite global headwinds: AEPC

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...
Alternative fuels can drastically cut logistics costs, air pollution: Nitin Gadkari
Business

Alternative fuels can drastically cut logistics costs, air pollution: Nitin...

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...
Centre asks Ola to offer choices in refund options to consumers
Business

Centre asks Ola to offer choices in refund options to consumers

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...
Prashant Ruia unveils plans for the world’s first decarbonised green refinery
Business

Prashant Ruia unveils plans for the world’s first decarbonised green refinery

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...
Inflation for FY25 projected at 4.5 pc, food inflation to drop later in year: RBI Governor
Business

Inflation for FY25 projected at 4.5 pc, food inflation to drop later in year:...

New Delhi, Oct 9: Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that retail inflation for the current fiscal (FY25) is projected at 4.5 per cent due to healthy monsoon and sound supply conditions. Addressing the Monetary Policy Committee (MPC) meeting here, Das said that...
Rising consumption, robust investment demand to boost India
Business

Rising consumption, robust investment demand to boost India's GDP: Shaktikanta...

New Delhi, Oct 9: Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said the real GDP for FY25 is estimated to be 7.2 per cent, which is in line with global projections amid strong fundamentals, rising consumption and robust investment sentiment in the country. Das estimated real GDP...
Ola, Uber provide zero working conditions for gig workers: Report
Business

Ola, Uber provide zero working conditions for gig workers: Report

New Delhi, Oct 9: Ride-hailing companies Ola and Uber, along with logistics firm Porter, provide zero working conditions for gig workers, according to a report on Tuesday. The report by Bengaluru-based Fairwork India underscores labour standards within India's platform economy and emphasises the...
US jury claims Cognizant discriminated against non-Indian workers, firm to appeal
Business

US jury claims Cognizant discriminated against non-Indian workers, firm to...

San Francisco, Oct 8: A jury at a district court in the US has found that tech major Cognizant allegedly discriminated against non-Indian workers in the Silicon Valley, asking for punitive damages against the company. According to multiple reports, the jury verdict against Cognizant came in a class...
1.1 mn medium, heavy commercial vehicles older than 15 years to boost scrappage policy
Business

1.1 mn medium, heavy commercial vehicles older than 15 years to boost scrappage...

New Delhi, Oct 8: The government’s scrappage policy has a significant potential with nearly 1.1 million medium and heavy commercial vehicles now older than 15 years, a report showed on Tuesday. Rating agency ICRA projected an additional 5.7 lakh vehicles to cross the 15-year age threshold in the...
Sensex trades higher, led by gains in banks
Business

Sensex trades higher, led by gains in banks

Mumbai, Oct 8: India equity indices were trading in the green on Tuesday with gains in shares of UltraTech Cement, NTPC and L&T in BSE's benchmark. At 9.59 a.m., Sensex was up 258 points or 0.32 per cent at 81,308 and Nifty was up 58.20 points or 0.23 per cent at 24,853.In the Sensex pack,...
Rs 2,000 crore WazirX hack: Govt probe on as millions of users seek refunds
Business

Rs 2,000 crore WazirX hack: Govt probe on as millions of users seek refunds

New Delhi, Oct 7: Cryptocurrency exchange WazirX, which suffered a massive Rs 2,000 crore about $234 million cyber theft in July as millions of users still wait for their money in digital assets to be refunded, is now facing scrutiny from top government agencies in the country. According to reports,...
New India-UAE bilateral treaty to ensure continuity of investment protection: Centre
Business

New India-UAE bilateral treaty to ensure continuity of investment protection:...

New Delhi, Oct 7: The enforcement of the new Bilateral Investment Treaty (BIT) between India and the United Arab Emirates will give continuity of investment protection to people from both the countries, the government said on Monday. The earlier Bilateral Investment Promotion and Protection...
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