Industry India NEWS. Stock Market NEWS Updated Daily

Industry India NEWS. Stock Market NEWS Updated Daily

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Industry India NEWS. Stock Market NEWS Updated Daily

Railways suspends drivers, assistants for operating trains at 120 kmph against 20 kmph limit

Railways suspends drivers, assistants for operating trains at 120 kmph against 20 kmph limit

Drivers of gatiman express and malwa express suspended for speeding at 120 kmph in a 20 kmph cautionary speed limit section near agra cantt during bridge renovation work.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

RBI imposes Rs 3.1 lakh penalty on Hero FinCorp

RBI imposes Rs 3.1 lakh penalty on Hero FinCorp

The rbi carried out a statutory inspection of the company, assessing its financial status as of march 31, 2023. following this inspection, the rbi found instances of non-compliance with its directives and corresponding communication. consequently, the comp
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Coromandel launches 10 new products to boost crop yields

Coromandel launches 10 new products to boost crop yields

Coromandel has partnered with japan's isk to launch prachand, a patented product using japanese technology to protect paddy crops from pests like stem borers and leaf folders that can cause up to 70 per cent yield losses. it has also developed a formulatio
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Voda Idea says it’s in talks with Ericsson and other network vendors for buying 5G gear, shares jump 12% on BSE

Voda Idea says it’s in talks with Ericsson and other network vendors for buying 5G gear, shares jump 12% on BSE

Earlier this week, ericsson india md nitin bansal had told et that the swedish gear maker is hopeful of getting some 4g/5g deals from vi soon, especially after the beleaguered telco recently raised over rs 20,000 crore via the equity route.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Ashok Leyland to unveil 5-6 new products under LCV segment: MD

Ashok Leyland to unveil 5-6 new products under LCV segment: MD

Earlier today, ashok leyland announced a 16.73 percent rise in consolidated net profit, reaching rs 933.69 crore in the january-march 2024 quarter, compared to rs 799.87 crore recorded in the corresponding period of the previous fiscal year.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Hindalco in process of bidding for two nickel, cobalt mines in Maharashtra, Karnataka: MD

Hindalco in process of bidding for two nickel, cobalt mines in Maharashtra, Karnataka: MD

Key minerals like copper, lithium, nickel, cobalt, and rare earth elements are crucial elements in numerous rapidly expanding clean energy technologies, ranging from wind turbines and electrical grids to electric vehicles.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Navanaami Projects to invest Rs 800 crore in developing a luxury project in Hyderabad

Navanaami Projects to invest Rs 800 crore in developing a luxury project in Hyderabad

Company’s project the megaleio will be spread in over one million sq ft area and will need to rs 800-900 crore. while the funding raised from the bank will be used to start the construction, balance work will be done through the sales receivable, which i
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Iconic British car brand Jaguar Land Rover plans to ride India's luxury boom

Iconic British car brand Jaguar Land Rover plans to ride India's luxury boom

The luxury carmaker plans to launch at least half a dozen new models from the jlr stables, both ice and ev (internal combustion engines and electric vehicles), as it seeks to capitalise on the growing number of high-net-worth individuals in the country. th
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Gold demand expected to primarily revolve around festive period: Kavita Chacko, WGC

After a generally weak march and april, gold demand was resurgent ahead of and around the akshaya tritiya festival on 10 may. considered one of the two most important days for buying gold traditionally, anecdotal evidence suggests that demand exceeded expe
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

IIM Bangalore launches online BBA programme in digital business and entrepreneurship

The indian institute of management bangalore is launching an online bachelor of business administration (bba) degree in digital business and entrepreneurship. the three-year program, starting in september, will target 1,000 students and include internships
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Ready to build high-capacity nuclear power units at new site in India: Russia

Russia and india are set to expand cooperation in atomic energy. there are plans to construct high-capacity nuclear power units at a new site in india. department of atomic energy secretary ajit kumar mohanty and rosatom state atomic energy corporation of
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

6 ways to identify a bank scam and stay safe

Bank scam message: how to identify bank scam message? six ways to identify a bank scam and keep the account safe
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

How rooftop solar is reshaping energy consumption

India is undergoing a rooftop revolution with the development of solar technology, reshaping energy consumption patterns. the country aims to achieve ambitious renewable energy goals, focusing on rural electrification for inclusive development.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

MS Dhoni appointed as Citroen's brand ambassador in India

French automaker citroen named former india cricket captain mahendra singh dhoni as their brand ambassador in india. the company said that dhoni aligned with their commitment to electric mobility and sustainability, and emphasised their shared dedication t
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Air India names Tata Projects' Sanjay Sharma as new CFO

Air india has named sanjay sharma as its new chief financial officer, succeeding vinod hejmadi who retired after a long tenure with the airline now owned by tata. sharma brings over 30 years of experience in corporate finance, investment banking, and real
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

NCLAT upholds NCLT order on Jaypee Infra; asks Suraksha to pay additional Rs 1,300 crore

Nclat affirmed suraksha realty's acquisition bid for jaypee infratech but mandated an extra rs 1,300 crore as farmers' compensation. the decision aimed to expedite the resolution plan, addressing concerns of stakeholders, including homebuyers and yeida. su
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

With the inauguration of a state-of-the-art kitchen facility in Hyderabad, we aim to be one of the biggest pure food services players in the country, shares Rohit Sawhney, CEO, Elior India

Elior group, led by ceo daniel derichebourg and elior india ceo rohit sawhney, inaugurates a new kitchen facility in hyderabad, focusing on growth and innovation in the indian market.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Local smartphone maker Lava rejigs board

Lava international has restructured its board, elevated leadership members, and added two independent directors. the move follows co-founder hari om rai's resignation from the board following the vivo money laundering case. the company plans to raise rs 50
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Hero Realty appoints Madhur Gupta as CEO

Madhur gupta has been appointed as the new ceo of hero realty pvt ltd, succeeding the former ceo who left to start his own venture. gupta, an alumnus of iim lucknow and with a mechanical engineering background, previously led hero steels ltd to operational
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

JLR plans to start making flagship Range Rover model in India

The local assembly will translate into a 18-22% price reduction, amba said. the range rover will drop to rs 2.6 crore from rs 3.3 crore while the range rover sport will fall to rs 1.4 crore from rs 1.8 crore. india levies a duty of 15% on completely knocke
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

EFC expands co-working portfolio; adds 360,000 sq ft in Noida and Pune

Integrated office infrastructure and design company efc (i) limited is expanding its co-working portfolio by adding 3.6 lakh sqft in pune and noida, aiming to add 10,000 seats by h1fy2025. with a presence in seven states and 35 centres, the company has see
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Indian movies, shows clock over 1 billion views on Netflix in 2023, says streamer in new report

Netflix's second engagement report for 2023 revealed that indian series and movies surpassed 1 billion views on the platform. the report, titled "what we watched: a netflix engagement report", showed that subscribers worldwide watched about 90 billion hour
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Non-mortgage security receipts formed 90% of the fresh issuances in 2023: India Ratings

In 2023, non-mortgage security receipts dominated fresh issuances, driven by retail non-mortgage bad loans, per india ratings. asset restructuring companies (arcs) must enhance recovery infrastructure to handle this shift. legal resolutions improved for co
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

No deliberations started yet by Kerala govt on liquor policy: Excise Minister M B Rajesh

Kerala's excise minister m b rajesh has denied any discussions on the state's liquor policy, despite reports suggesting the left administration may withdraw the 'dry day' norm. rajesh cited a voice clip allegedly suggesting a bar association member was ask
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Textile bed manufacturer Indo Count signs licensing agreement with Iconix International inc. for branded products in the US and Canada.

Indo count, a leading global home textile manufacturer, solidified its us market presence post-wamsutta acquisition through a licensing deal with iconix international inc. for fieldcrest and waverly brands in the us and canada. the agreements expand indo c
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

India data center boom to drive 10 million sq ft realty demand by 2026

Cloud service providers (csps), which furnish information technology infrastructure primarily for data storage and computing power via the internet, have adjusted their strategies to accommodate ai-driven demand. these providers have also disclosed plans f
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Google to make Pixel in Tamil Nadu, confirms MK Stalin; drones coming up next?

Alphabet inc., led by sundar pichai, will produce its flagship smartphones in tamil nadu, announced chief minister mk stalin. partnering with foxconn, they plan to manufacture pixel phones and potentially drones. this move aligns with google's 2023 announc
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

India to get next-generation nuclear fuel, says Russian Nuclear Agency chief; calls nation a key partner

Atomic energy commission chairman ajit kumar mohanty was hosted by the russian atomic chief in siberia's tomsk region in russia on thursday. the russian atomic chief showed mohanty the fourth-generation site that will host the safest atomic reactor in hist
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Kia unveils its 4th electric car, the EV3. Expected in India next year

Kia has unveiled the ev3, a new compact electric suv with two battery options and advanced features. it will first launch in the international market before potentially entering india in 2025.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Betting on disruptors in India’s BFSI sector: Insights from Beams Fintech Fund, Sagar Agarvwal

The fintech and financial services sector has grown exponentially in the last few years, and yet much more is to be achieved. in india, the sector contributes nearly one-third of the gdp and .3 trn in market cap. additionally, disruptive products by fint
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Sony begins hunt for NP Singh's successor

Np singh, who has been with the company since 1999, will continue to lead spni as its md and ceo until a new successor has been found. singh expressed gratitude for his tenure and plans to focus on social change. spni has started the process of finding a n
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Elon Musk: I'm against tax incentives for EVs

"neither tesla nor i asked for these tariffs, in fact i was surprised when they were announced", musk said, referring to such policies recently announced by the united states.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Biocon inks licensing, supply pact with South Korea's Handok for chronic weight management product

Biocon signs exclusive licensing agreement with handok for commercialisation of synthetic liraglutide in south korea, expanding portfolio to address weight management needs and tapping into a usd 47 million market opportunity. biocon said the total address
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Indian Overseas Bank plans to open 88 new branches in FY24

Indian overseas bank is set to establish 88 new branches across india in fy24. the bank recently opned a new branch in nagapattinam and its 126th atm in puducherry. managing director and ceo ajay kumar srivastava said that the bank's expansion strategy ai
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Tata Power seeks up to billion loan for clean energy projects

The unit of tata group, one of india’s largest conglomerates, is in talks with lenders including state bank of india, indusind bank, axis bank and icici bank for the loan, people familiar with the matter said, asking not to be identified as the informati
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Label padhega India: A key step to build consumer awareness

Product labelling in india faces several issues - ranging from non-compliance with the regulations, language barriers, misinformation and misleading claims, inconsistent labelling standards, illegible labels, lack of transparency, inadequate enforcement of
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Local pharma companies queue up for JB Chemicals & Pharmaceuticals

Mankind pharma, dr reddy’s laboratories, and torrent pharma are interested in acquiring jb chemicals & pharmaceuticals from kkr. private equity funds are discouraged by high valuation, with first round of bids expected soon.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

FMCG giants pivot to premium: Nestle & ITC lead with innovative strategies

Fmcg giants like nestle india and itc are adopting innovative strategies to tap into the growing demand for premium products. nestle plans to hire tasters and connoisseurs for its super-premium nespresso coffee and boutiques, while itc is leveraging ai and
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Daughter of Divi's founder shells out Rs 80 crore for two Hyderabad properties

Nilima prasad divi, daughter of murali divi, the founder of divi's laboratories, a prominent pharmaceutical company in india, has recently acquired two properties in hyderabad, totaling rs 80 crore. the first property, located in jubilee hills, spans 12,00
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Godrej split: Tanya Dubash to lead brand mgmt of Godrej Industries, Nyrika Holkar that of Godrej Enterprises

Tanya dubash, executive director of godrej industries, will oversee brand management for godrej industries group (gig), including godrej industries, godrej consumer products, and godrej properties. nyrika holkar, also an executive director, will lead godre
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

PE Fund Mapletree acquires Bengaluru land for over Rs 1,900 crore

Adarsh developers, a real estate development company, has recently completed the sale of a 41-acre land parcel in bengaluru to mapletree investments, a private equity fund based in singapore. the transaction, valued at over rs 1,900 crore, forms a key aspe
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Shipping Corporation of India, NMDC Steel selloff to get fresh push after elections

The government plans to disinvest in shipping corporation of india (sci) and nmdc steel after the general election. scilal, a demerged entity of sci, will be listed, setting the reserve price for sci. the maharashtra government waived stamp duty for scilal
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

GST relief for foreign airlines in the offing


Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-24

Tesla drops reference to its goal of delivering 20 million vehicles annually in impact report

Tesla's latest impact report excludes the goal of delivering 20 million vehicles annually by 2030, shifting focus to robotaxis, diverging from musk's 2020 target to outsell toyota by nearly double.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

Poco plans to sell 10 million smartphones in 2 years, aims to be among top-5 brands from third year

At the event poco unveiled three variants of poco f6 priced at rs 25,999 with 8 gb ram and 256 gb rom storage for files, photos etc, rs 27,999 for 12 gb ram and 256 gb rom variant, and rs 29,999 for the model with 12 gb ram and 512 gb rom.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

Air India gives salary increments to staff; announces target performance bonus for pilots

Air india unveiled its annual salary increments for employees and introduced an annual target performance bonus for pilots, marking the first appraisal cycle since the tata group assumed control of the struggling airline over two years ago. alongside the r
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

IndiGo announces foray into business class after record profit

Indigo said that business class will be available on the busiest routes of the country which sees heavy corporate traffic and will be operational before the end of this year. coming august, around indigo’s anniversary, more details on product offering, l
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

Zee seeks termination fee of million from Sony for calling off billion deal

Zee entertainment made headlines on thursday by terminating its billion media deal, demanding a million termination fee from sony group corporation's india media unit, culver max entertainment, and bangla entertainment pvt. ltd. (bepl). previously,
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

Reliance, Disney seek India antitrust nod with cricket rights assurance

Reliance industries and walt disney have applied for antitrust clearance for their .5 billion media merger in india, arguing that their combined influence, particularly in cricket broadcasting, will not negatively impact advertisers. the deal, announced
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

DoT asks telcos to reverify 6.8 lakh suspect mobile connections

The department of telecommunications (dot) is initiating a re-verification process for approximately 6.8 lakh mobile connections suspected of being obtained through forged documents. these connections, flagged by advanced ai-driven analysis, are believed t
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

Technology-enabled professional services firm Sikich Secures 0 Million minority growth investment from Bain Capital

Sikich llc received a 0 million investment from bain capital to accelerate growth and maintain professional services leadership under ceo christopher geier.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

Pre-owned car market expected to touch 1.09 cr units by FY28: Report

India's pre-owned car market, as per the indian blue book report, is expected to expand to 1.09 crore units valued at usd 73 billion by fy28, with budget buyers predominantly seeking quality cars for upgrading to a new pre-owned vehicle.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

Domestic travel, tourism sector ready to capitalise on upcycle: IHCL MD Puneet Chhatwal

Indian hotels company ltd managing director and ceo puneet chhatwal discusses the company's plans to capitalize on opportunities in the travel and tourism sector, targeting tier ii and tier iii markets and foreign tourist arrivals.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

Good news for Rapid Rail users: Trial run for Anand Vihar and Ashok Nagar stations to start soon

The trial run of rrts trains from sahibabad to anand vihar and new ashok nagar is set to begin by year-end, marking a milestone in the delhi-ghaziabad-meerut corridor development. currently, only a 34-km stretch between sahibabad and modi nagar north is op
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

Business class coming soon: IndiGo to launch 'tailor-made' product for busiest routes

Indigo, operated by interglobe aviation, announced plans to launch a new customized business product for india's busiest routes by the end of the year. ceo pieter elbers highlighted the company's commitment to innovation, aiming to provide more travel opti
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

Google picks southern Indian state for smartphone production

Google is set to invest billions in tamil nadu, india to produce smartphones and drones. the move follows a trend of tech companies, like apple, shifting production from china. the state aims to boost advanced manufacturing, with google's decision contribu
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

Pune Porsche Accident: Price of Porsche Taycan, sale in India, features, more

Pune car accident in porsche: the luxury sports car that the teenager was drunkenly driving that night has been identified as the porsche taycan.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

Peak power demand hits season's high of 235 GW amid severe heat wave

India's peak power demand hits season's high at 235.06 gw due to intense heat waves, fueled by increased use of cooling appliances. ministry projects potential all-time high demand during summer. imd forecasts warmer season with more heatwaves. temperature
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

Ready, set, drive: Check out new driving test rules

Light motor vehicles (lmv) require 29 hours over 4 weeks, comprising 8 hours of theory and 21 hours of practical training. heavy motor vehicles (hmv) need 38 hours over 6 weeks, with 8 hours of theory and 31 hours of practical training.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

StayVista launches new luxury venture called Vieda

The company said the menu at vieda properties will be crafted by the country’s best chefs, and will offer 'unlimited' meal options. vieda by stayvista will launch with one single celebrity-approved home in alibaug called magnolia villa.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-23

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