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Hyundai Motor Group launches $91.4 million startup investment fund

Seoul, May 26: Hyundai Motor Group said on Monday it has established its third startup investment fund to support innovative venture companies with cutting-edge technologies and ideas.The group's third fund under its ZER01NE accelerator program has been set up at a scale of 125 billion won (US$91.4...
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Business

Govt ratifies interest rate on PF deposits at 8.25% for FY 2024-25

New Delhi, May 24: The Centre has ratified the interest rate on employees' provident fund (PF) deposits at 8.25 per cent for FY2024-25 -- the same as the previous fiscal.In February, the Employees' Provident Fund Organisation (EPFO) announced to retain the interest rate on employees' provident...
GST Council’s next meeting likely to discuss rate rationalisation, compensation cess
Business

GST Council’s next meeting likely to discuss rate rationalisation, compensation...

With a focus on simplifying the indirect tax regime and addressing anomalies in the existing Goods and Services Tax (GST) rate structure, the GST Council is likely to take up rate rationalisation and the future of compensation cess in its next meeting
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RBI’s dividend bonanza driven by robust gross dollar sales, higher forex gains

The record Rs 2.69 lakh crore dividend bonanza by the Reserve Bank of India (RBI) to the government is driven by robust gross dollar sales, higher foreign exchange gains, and steady increases in interest income, according to a new report.
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Apple expanding India manufacturing shows global confidence in country: Rajeev...

Apple’s decision to expand iPhone manufacturing in India despite challenges shows the growing global confidence in the country's manufacturing ecosystem, BJP's Kerala unit President and former Union Minister Rajeev Chandrasekhar, has said.
Bharat Electronics, Trent to join Sensex amid BSE index rejig
Business

Bharat Electronics, Trent to join Sensex amid BSE index rejig

Trent Limited and Bharat Electronics Limited (BEL) are set to join the 30-stock benchmark Sensex, replacing IndusInd Bank Limited and Nestle India Limited, as part of the latest index reshuffle announced by the Bombay Stock Exchange (BSE).
Adani Group to invest Rs 1 lakh crore to bolster northeast’s economic development
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Adani Group to invest Rs 1 lakh crore to bolster northeast’s economic...

In a significant boost to the economic prospects of the northeastern region, Adani Group Chairman Gautam Adani on Friday announced a Rs one lakh crore investment commitment for Assam and the broader northeastern region over the next decade
India, US make progress on mutually beneficial trade agreement: Piyush Goyal
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India, US make progress on mutually beneficial trade agreement: Piyush Goyal

New Delhi, May 23: India and the US have made further progress on concluding a mutually beneficial trade agreement, Union Commerce and Industry Minister Piyush Goyal has stressed, amid talks with the US Commerce Secretary Howard Lutnick towards the first tranche of Bilateral Trade Agreement...
Barbeque Nation slips into wider net loss in Q4, revenue drops
Business

Barbeque Nation slips into wider net loss in Q4, revenue drops

Barbeque Nation on Thursday saw its net loss widening sharply in the fourth quarter (Q4) of FY25 -- slipping to Rs 20.61 crore, compared to a net loss of Rs 3.7 lakh in the same quarter last fiscal (Q4 FY24)
Adani Electricity empowers its ‘Power Warriors’ with advanced mobile thermal imaging tools
Business

Adani Electricity empowers its ‘Power Warriors’ with advanced mobile thermal...

As Mumbai’s energy demand grows rapidly, Adani Electricity has taken a major step toward enhancing power reliability by equipping its frontline teams — “Power Warriors” — with advanced mobile infrared (IR) imaging tools.
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Govt rolls out SPICED scheme to boost spice exports

Kochi, May 22: The Spices Board has launched the 'Sustainability in Spice Sector through Progressive, Innovative and Collaborative Interventions for Export Development (SPICED)' scheme for the fiscal year 2025-26 under which financial assistance is offered across the value chain to farmers and...
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PLI scheme for food processing sector creates 2.5 lakh jobs, benefits nine lakh...

The Centre’s production linked incentive (PLI) scheme for the food processing sector has succeeded in attracting investments to the tune of Rs 7,000 crore and creating over 2.5 lakh jobs so far, according to a senior official of the Union Ministry of Food Processing Industries (MoFPI).
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