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Business
India records robust growth in mineral production for 2023-24
4 April 2024 12:04 PM IST
New Delhi, April 3: India’s index of mineral production for February 2024 rose to 139.6, which is 8 percent higher compared to the level recorded in February 2023. The cumulative growth of this index for the 11 month period of April-February of FY24 over the corresponding period of the previous...
Business
PFC pays record interim dividend of Rs 3,630 cr for 2023-24
4 April 2024 12:00 PM IST
New Delhi, April 3: The Power Finance Corporation (PFC), a Maharatna Central Public Sector Enterprise, paid Rs 554 crore as the third interim dividend to the government on Wednesday for the financial year 2023-24. This is in addition to the first interim dividend of Rs 832 crore and the second...
Business
Govt allows additional 10,000 tonnes of onion exports to UAE
4 April 2024 11:56 AM IST
New Delhi, April 3: The government has allowed the export of an additional 10,000 tonnes of onion to the UAE, through the National Cooperative Exports Ltd (NCEL), as a friendly gesture at a time when the Eid festival is approaching. The order, issued by the Directorate General of Foreign Trade...
Business
FLY91 ties up with IBS Software for commercial operations
4 April 2024 11:54 AM IST
Thiruvananthapuram: FLY91, the country’s youngest regional airline, has partnered with IBS Software to power its commercial operations. IBS Software headquartered at the Techno park here provides IT solutions to numerous airlines, and FLY91 is the latest to use its reservation package. IBS...
Business
Adani Green Energy becomes India's 1st to surpass 10,000 MW renewable energy...
3 April 2024 3:16 PM IST
Ahmedabad, April 3: In a first for the country, Adani Green Energy Limited (AGEL) on Wednesday said it has surpassed 10,000 megawatts (MW) of operational portfolio, delivering reliable, affordable and clean power to the national grid. AGEL’s 10,934 MW operational portfolio will power more than...
Business
J&K's Gulmarg Gondola cable car project earns record Rs 110 cr in FY 2023-24
3 April 2024 3:11 PM IST
Srinagar, April 3: Breaking all previous records, the Gulmarg ski resort Gondola cable car project has earned a revenue of Rs 110 crore in FY 2023-2024 ferrying over a million tourists and locals. As a result of the remarkable tourist footfall and because of it being the main attraction for...
Business
Mumbai’s JN Port records highest ever container throughput
3 April 2024 3:08 PM IST
New Delhi, April 3: Jawaharlal Nehru Port Authority (JNPA), Mumbai, one of the leading container-handling ports in the country, has recorded its highest ever throughput of 6.43 million TEUs (twenty-foot equivalent unit) in the fiscal year 2023-24, which represents a 6.27 per cent increase over the...
Business
Gold price surges to record high
3 April 2024 3:01 PM IST
New Delhi, April 3: Gold price in India hit a record high Rs 69, 640 per 10 grams on MCX on Wednesday tracking a sharp increase in international prices of the precious metal, driven by the high safe-haven demand amid escalating geopolitical tensions in Central Asia and the Russia Ukraine war. In...
Business
SJVN Ltd ropes in IIT Patna to speed up work on tunneling projects
3 April 2024 2:57 PM IST
New Delhi, April 3: Hydroelectric power major SJVN Limited has signed a memorandum of understanding (MoU) with the Indian Institute of Technology (IIT) Patna to use advanced geological models in the company’s tunneling projects in order to reduce time and cost overruns, according to an official...
Business
Coach factory in Rae Bareli surpasses previous manufacturing record
2 April 2024 12:42 PM IST
Rae Bareli (UP), April 2: The Modern Coach Factory (MCF) in Rae Bareli has surpassed its previous record by manufacturing 1,684 coaches in the financial year 2023-24. It manufactured 953 AC and 731 non-AC coaches, including eight MEMU coaches, 240 AC-3 coaches, 202 AC-2 coaches, 271 3-tier AC...
Business
LG Energy begins production at US battery cell plant
2 April 2024 12:38 PM IST
Seoul, April 2: LG Energy Solution Ltd (LGES), South Korea's leading battery maker, said on Tuesday that its joint venture with General Motors began production at their second battery plant in the United States. The first round of battery cells produced at the plant have been delivered to GM for...
Business
Aditya Birla Fashion proposes to demerge Madura Fashion business into separate...
2 April 2024 12:33 PM IST
New Delhi: The Board of Directors of Aditya Birla Fashion and Retail Ltd (ABFRL) on Monday authorized the management of the company to evaluate the vertical demerger of the Madura Fashion & Lifestyle business from the ABFRL into a separate listed company. The proposed demerger will enable the...
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