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Govt to launch 10th round of commercial coal block auction next week
Business

Govt to launch 10th round of commercial coal block auction next week

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...
Will forge long-term partnership with Tanzania across infrastructure sectors: Gautam Adani
Business

Will forge long-term partnership with Tanzania across infrastructure sectors:...

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...
We aim to educate, engage stakeholders on Social Stock Exchange: NSE CEO
Business

We aim to educate, engage stakeholders on Social Stock Exchange: NSE CEO

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...
India’s rising economic clout makes it key constituent of G7 meet
Business

India’s rising economic clout makes it key constituent of G7 meet

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...
Hyundai Motor India files draft papers for Rs 25,000 crore IPO
Business

Hyundai Motor India files draft papers for Rs 25,000 crore IPO

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...
Centre puts Pune Metro line extension, Gudur-Renigunta 3rd rail line projects on fast track
Business

Centre puts Pune Metro line extension, Gudur-Renigunta 3rd rail line projects on...

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...
Govt says it has sufficient wheat stocks to keep price in check
Business

Govt says it has sufficient wheat stocks to keep price in check

New Delhi, June 13: The Central government's Department of Food and Public Distribution is keeping a close watch on the price of wheat and has sufficient stocks of the cereal which can be released to cool down the market in case the price starts moving up, according to a statement issued on...
Sensex, Nifty trade lower on weak global cues
Business

Sensex, Nifty trade lower on weak global cues

Mumbai, June 14: Indian frontline indices, Sensex and Nifty were trading in the red on Friday following weak global cues. At 9.40 a.m., Sensex was down 196 points or 0.26 per cent at 76,614 and Nifty was at 23,358, down 40 points or 0.17 per cent. Broder markets are trading with uptrend. Nifty...
MECON Ltd seeks bids for use of green hydrogen in making steel
Business

MECON Ltd seeks bids for use of green hydrogen in making steel

New Delhi, June 13: As part of the government's move to replace fossil fuels with green hydrogen in steel manufacturing, MECON Limited has invited proposals from prospective bidders for use of Hydrogen in DRI Pilot Plant, in existing Blast Furnace and in existing DRI Vertical shaft. The request for...
Global brokerage firms bullish on Ambuja Cements’ stock after Penna acquisition
Business

Global brokerage firms bullish on Ambuja Cements’ stock after Penna acquisition

Mumbai, June 14: Leading global brokerage firms have gone bullish on the Adani Group’s Ambuja Cements after it announced to acquire Hyderabad-based Penna Cement for Rs 10,442 crore. Jefferies has a 'buy' rating on the Ambuja Cements shares, giving it a target price of Rs 735 per share.The stock of...
Tesla stockholders approve Musk’s $56 billion pay package
Business

Tesla stockholders approve Musk’s $56 billion pay package

San Francisco, June 14: Tesla stockholders have overwhelmingly approved the $56 billion pay package (now valued at $44.9 billion) for the company’s CEO Elon Musk, along with reincorporating the electric vehicle company in the US state of Texas, moving it from Delaware. The Tesla board won approval...
Sensex jumps 349 points as HCL Tech and Tata Motors top gainers
Business

Sensex jumps 349 points as HCL Tech and Tata Motors top gainers

Mumbai, June 12: Indian equity indices opened in green on Wednesday amid broad-based buying. At 9:40 a.m., Sensex was at 76,806, up 349 points or 0.46 per cent, and Nifty was up 109 points or 0.47 per cent, at 23,374.There is a positive trend in the market. The Nifty Midcap 100 index is up 307...
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