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NHAI likely to rake in Rs 60,000 crore via monetisation of road projects in 2024-25: ICRA
Business

NHAI likely to rake in Rs 60,000 crore via monetisation of road projects in...

New Delhi, May 23: NHAI has a monetisation potential of Rs 53,000 to 60,000 crore from the sale of 33 road assets through the toll operate transfer and Infrastructure Investment Trust mode that it has lined up for the financial year 2024-25, according to an ICRA report released on Thursday.ICRA also...
Fintech platform ProsParity raises funds from BEENEXT, other investors
Business

Fintech platform ProsParity raises funds from BEENEXT, other investors

New Delhi, May 23: Fintech platform ProsParity on Thursday said that it raised $2 million in a pre seed funding round from global institutional investors such as BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures.Other investors such as Dr Ashish Gupta (Co-founder of Junglee &...
Ex-Wipro CEO becomes highest paid exec in Indian IT industry for FY24, earns over Rs 165 cr
Business

Ex-Wipro CEO becomes highest paid exec in Indian IT industry for FY24, earns...

New Delhi, May 23: Former Wipro Chief Executive Officer (CEO) and Managing Director (MD) Thierry Delaporte has become the highest paid CEO in the Indian IT industry for FY24 as he earned more than $20 million (or over Rs 165 crore). This is the second consecutive year that he has become the highest...
Telangana to unveil policies for six industrial sectors
Business

Telangana to unveil policies for six industrial sectors

Hyderabad, May 21: The Telangana government will formulate six new policies for industrial development, including one for the MSME sector and one for exports, it was announced on Tuesday. A new life sciences policy, a revised policy for electric vehicles, a medical tourism policy, and a green energy...
SpiceJet to seek refund of Rs 450 cr from Kalanithi Maran after Delhi HC ruling
Business

SpiceJet to seek refund of Rs 450 cr from Kalanithi Maran after Delhi HC ruling

New Delhi, May 22: Following the Delhi High Court ruling, SpiceJet has announced plans to seek a refund of Rs 450 crore from former promoter Kalanithi Maran and his firm, KAL Airways. A division bench’s order overturned a previous single judge order in the prolonged share transfer dispute.SpiceJet...
Snapchat strengthens senior leadership team in India
Business

Snapchat strengthens senior leadership team in India

New Delhi, May 22: Social media platform Snapchat on Wednesday strengthened its leadership team in India, a country where it has reached over 200 million monthly active users. The company has hired key people across content, partnerships, augmented reality (AR), growth and sales verticals in...
India to gain as global oil prices decline despite geopolitical tensions
Business

India to gain as global oil prices decline despite geopolitical tensions

New Delhi, May 22: Oil prices declined for a third day in a row in the international market on Wednesday, despite geopolitical tensions, as the US Federal Reserve is not expected to reduce interest rates any time because of the high inflation rate. Prices of the benchmark Brent crude have now come...
With Modi govt
Business

With Modi govt's support, will create lakhs of jobs in next 10 yrs: Ghazal Alagh

New Delhi, May 22: Mamaearth co-founder Ghazal Alagh on Wednesday said that the company will create lakhs of employment opportunities in the next 10 years with the support of Narendra Modi's government. Thank you @narendramodi ji Aapke aashirvaad aur Modi sarkaar ke support ke sath lakhon jobs...
We can become
Business

We can become 'Viksit Bharat' even before 2047 with robust startup ecosystem:...

New Delhi, May 20: Riding on the overall economic growth across the spectrum, especially in the vibrant startup and unicorn ecosystem, India can achieve the 'Viksit Bharat' status even before 2047, Union Minister Hardeep Singh Puri said on Monday. Addressing startup/unicorn founders and innovators...
Centre urges states to leverage ULIP for unified logistics ecosystem
Business

Centre urges states to leverage ULIP for unified logistics ecosystem

New Delhi, May 20: The Centre on Monday urged states to leverage the Unified Logistics Interface Platform (ULIP) to increase the efficiency of the country’s logistics sector to cut transport costs and spur economic growth. Addressing representatives of states at a workshop organised in Vanihya...
EPFO adds 14.41 lakh members in March, 57 pc are youths in new jobs
Business

EPFO adds 14.41 lakh members in March, 57 pc are youths in new jobs

New Delhi, May 20: The Employees’ Provident Fund Organisation (EPFO) payroll data released on Monday shows that as many as 14.41 lakh net members in March this year, reflecting the increased employment created in the country’s organised sector during the month. The data indicates that around 7.47...
Oil India posts 17 pc jump in Q4 net profit
Business

Oil India posts 17 pc jump in Q4 net profit

New Delhi, May 20: Oil India Limited (OIL) has reported a 17 percent increase in consolidated net profit at Rs 2332.94 crore in the Jan-March quarter of the financial year 2023-24 compared to the corresponding figure of Rs 1,979.74 crore in the same period of 2022-23. The upstream oil exploration...
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