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Business
India's efforts in energy transition can be replicated by others: WEF
20 Jun 2024 12:37 PM IST
New Delhi, June 20: The World Economic Forum has lauded India's progress in global energy transition, observing that the country "is leading the way in creating outcomes that can be replicated elsewhere". "While innovation growth has slowed, countries like China and India are leading in developing...
Business
India becomes third-largest domestic airline market
20 Jun 2024 12:35 PM IST
New Delhi, June 20: Driven by robust growth in the aviation sector in the last decade, India is now the third-largest domestic airline market in the world, up from 5th position 10 years ago. Ten years ago, India was the smallest market with around 8 million seats, followed by Indonesia at 4th and...
Business
India to make huge progress on back of young population, rapid development: NSE...
20 Jun 2024 12:17 PM IST
Mumbai, June 20: Riding on a young talented population, rapid technological developments and overall economic growth, India will be able to generate more wealth in comparison to other countries in years to come, Ashish Kumar Chauhan, Managing Director and CEO of National Stock Exchange (NSE)...
Business
US regulators accuse TikTok of violating child privacy laws
19 Jun 2024 1:09 PM IST
Washington, June 19: The US Federal Trade Commission (FTC) has referred a complaint against the popular video sharing app TikTok and its Chinese parent company ByteDance to the Department of Justice, alleging that they failed to protect the privacy of children. The FTC said in a statement that it...
Business
Centre plans to revamp PLI schemes to boost MSME sector
19 Jun 2024 1:05 PM IST
New Delhi, June 19: The government is planning to revamp the production linked incentives (PLIs) by relaxing the norms for releasing funds, including more sectors under the scheme, and extending benefits to MSMEs (micro, small and medium enterprises) in labour intensive sectors through special carve...
Business
Mesabi Metallics appoints Joe Broking as President and CEO
19 Jun 2024 1:02 PM IST
Mumbai, June 19: Mesabi Metallics Co. LLC has announced the appointment of Joe Broking as the President and Chief Executive Officer of the company. “Mesabi Metallics is at a new and exciting stage in its development where we are bringing in dozens of employees, managers and leaders in human...
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...
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