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ADB approves $500 million loan to boost Indonesia
Business

ADB approves $500 million loan to boost Indonesia's energy transition

Manila, Sep 20: The Asian Development Bank (ADB) on Friday said it has approved a policy based loan of $500 million to accelerate Indonesia's transition towards sustainable and clean energy. The Affordable and Sustainable Energy Transition Program will support various policy measures for the country...
Yogi govt to purchase 120 e-buses for enhanced public transport in UP
Business

Yogi govt to purchase 120 e-buses for enhanced public transport in UP

New Delhi, Sep 19: The Government of Uttar Pradesh will purchase 120 electric buses which will operate across Lucknow, Aligarh, Moradabad, Ayodhya, and Gorakhpur. Under the directives of UP Chief Minister Yogi Adityanath, the process to add 120 electric buses in addition to 100 buses to the fleet of...
US Fed cuts interest rate by a half percentage point
Business

US Fed cuts interest rate by a half percentage point

Washington, Sep 19: The US central bank on Wednesday announced a large half percentage point cut in the interest rate, the first reduction in four years. It comes down from 5.35 per cent to between 4.75 per cent and 5 per cent. "Recent indicators suggest that economic activity has continued to...
India becomes 3rd global cross-border capital destination for land, development sites
Business

India becomes 3rd global cross-border capital destination for land, development...

Mumbai, Sep 19: India rose to third place in the list of global cross border capital destinations for land and development sites in the first half of 2024, a report showed on Thursday, adding that investments in Indian real estate sector will remain steady. With $3.5 billion of inflows in the...
15 mn kirana stores in India embracing digital innovation via eB2B platforms: Report
Business

15 mn kirana stores in India embracing digital innovation via eB2B platforms:...

Bengaluru, Sep 18: Over 15 million kirana stores in India, long relied on fragmented, traditional trade-distribution models, are embracing digital innovation through eB2B ecommerce led business to business platforms, fuelling rapid growth and operational efficiency in the sector, a report said on...
IPO market boom: India held highest share globally in first half of 2024
Business

IPO market boom: India held highest share globally in first half of 2024

New Delhi, Sep 18: India's equity market witnessed highest Initial Public Offerings (IPO) globally due to strong domestic inflow in the market, according to a report. Wealth management firm Angel One Wealth said, "In the first half of 2024, more than 5,450 companies have been listed across the...
Amazon appoints Samir Kumar as India operations head
Business

Amazon appoints Samir Kumar as India operations head

New Delhi, Sep 18: E-commerce giant Amazon on Wednesday appointed Samir Kumar as the country manager for India after the abrupt exit of Manish Tiwary. Kumar, an Amazon veteran since 1999, is expected to assume operational responsibilities for India starting October 1, according to a company update...
Climate resilient policies vital, says Naidu; greets PM at renewable energy meet
Business

Climate resilient policies vital, says Naidu; greets PM at renewable energy meet

Amaravati, Sep 16: Andhra Pradesh Chief Minister, N Chandrababu Naidu who met Prime Minister Narendra Modi at the 4th Global Renewable Energy Investor's Meet in Gandhinagar on Monday, stated that it was imperative to devise climate-resilient strategies for the energy sector. CM Naidu, whose Telugu...
Meal kit brand KOOK achieves 10x revenue growth in 12 months
Business

Meal kit brand KOOK achieves 10x revenue growth in 12 months

Mumbai, Sep 16: KOOK, a leading brand in the ready-to-cook meal kit industry, has announced a tenfold increase in monthly revenue, surging from Rs 5 lakh to Rs 50 lakh over the past year. This substantial growth highlights a thriving market and a notable shift in consumer preferences towards...
Sensex trades lower, ITC and HUL top losers
Business

Sensex trades lower, ITC and HUL top losers

Mumbai, Sep 13: Indian frontline indices opened lower on Friday due to heavy weights like ITC, HUL, Asian Paints and M&M falling the most. At 9.58 a.m., Sensex was down 200 points or 0.25 per cent at 82,762 and Nifty was down 63 points or 0.25 per cent at 25,325. The broader market trend...
India, US working in areas like critical minerals, supply chains: Piyush Goyal
Business

India, US working in areas like critical minerals, supply chains: Piyush Goyal

New Delhi, Sep 12: India and the US are working together towards becoming self-reliant in critical minerals, strengthening supply chains and adopting cutting edge technologies, the government has informed. Union Commerce and Industry Minister Piyush Goyal said that India and the US share one of the...
Sensex, Nifty trade higher amid positive global cues
Business

Sensex, Nifty trade higher amid positive global cues

Mumbai, Sep 12: Indian equity indices opened in the green on Thursday, following positive global cues from Asian and US markets. At 9:54 a.m., Sensex was up 236 points or 0.29 per cent at 81,759 and Nifty was up 89 points or 0.36 per cent at 25,007. Buying was seen in the midcap and smallcap stocks....
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