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
Maharashtra government decides not to hike ready reckoner rates for FY24
The ready reckoner rates are guidance values for property transactions in a specific locality and are used for calculation of stamp duty charges and taxes. the development charges and other premiums paid by the builders to civic bodies are also determined
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
HAL registers Rs 26,500 cr revenue for 2022-23
Hal cmd, c b ananthakrishnan said, "despite the challenges of supply chain disruptions due to geo-political situations, the company could achieve the targeted growth in the top line. this was possible with the increased thrust on indigenisation and with th
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Choose your meal, get free gifts on your next Air India travel; Here's how
Air india introduces an all-new premium economy experience for travellers, offering a superior cabin product, world-class inflight services, and added on-ground convenience. the airline has opened sale for the new cabin, for travel starting may 15, 2023.
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Bandhan Bank adds 50 new branches to its network
The bank is also well on its journey of diversification of asset book and geographical presence. it also plans to introduce new products and increase the width of services in the next financial year, the statement added.
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Citigroup CEO visits Chennai; discusses about Global Capability Centres landscape in India
Citigroup ceo, jane fraser, visited the company's citi solutions centre in chennai and held discussions with top management officials on the landscape of global capability centres (gcc) in india. the visit focused on capturing the india opportunity by grow
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
India's money-spinning IPL razzmatazz is back home with rivalries and more business
Ipl will be played in india after three years where spectators are allowed as well, who were a big miss in recent covid-stricken years. the razzmatazz is crazy for the fans and the players, who along with support staff and franchisee members, will be trave
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Authum completes Rs 3,351 cr takeover of Reliance Home Finance Ltd
"authum has transferred the requisite amounts to secured creditors and the business transaction agreement has been signed by lenders to hand over the assets to them. this brings an end to a process which began almost three years ago," said a person familia
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
NCLT orders initiating insolvency proceedings against Mantri Developers
Indiabulls housing finance ltd (ihfl) had moved the bengaluru bench of the national company law tribunal (nclt) claiming a default of rs 456.68 crore by mantri developers, part of the mantri group of companies engaged in the real-estate business in bengalu
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
IDBI Bank gets NCLT nod to set off accumulated losses of Rs 45,396 cr
The bank will set off accumulated losses worth 453.96 billion rupees (.52 billion) while reducing its share capital. the plan to do the same had been disclosed by the bank in february 2021 and has now been approved by the nclt, the bank said in a stateme
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Reliance Jio, Bharti Airtel gain subscribers at Vi's expense in Jan 2023: Trai
Reliance jio and bharti airtel have gained mobile users at the expense of vodafone idea (vi), which lost nearly 1.36 million mobile users in january to reach a total user base of 239.96 million. in contrast, jio and bharti airtel’s user bases increased t
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Citroen begins exports from Kamarajar Port Ltd
In february, citroen, which is a part of stellantis group, inked a pact with kamarajar port, which is located 24 km north of chennai port in the city, for shipping out vehicles to the overseas market.
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Turning e-waste into e-wealth: An opportunity for the Indian EV ecosystem
India is one of the first few countries to have come up with a proposed battery swapping policy, and apart from the central government, more than 20 indian states have already announced their ev policies/policy drafts. however, amidst all this din and glit
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
World Backup Day: Peace of mind is a backup away
When it comes to backing up your data, there are several options to choose from, each with its own benefits and other considerations. let's dive into these top ways to safely back up your precious data and explore which solution might be the best fit for y
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
BITS Law School to prepare students for the Intersection of Law and Technology
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Maharaja's new chamber! Air India launches Premium Economy class for travelers on select flights
With this move, the airline has become the first and only indian carrier to offer the choice of four cabin classes – first, business, premium economy, and economy. air india’s premium economy class will be initially available to customers travelling on
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Sterling and Wilson RE partners with Nextracker for solar trackers supply to NTPC's project
Sterling and wilson renewable energy ltd (swrel) has selected nextracker technology to supply solar trackers for ntpc renewable energy's 1.56 gw dc solar pv project in gujarat. as a leading solar epc solutions provider, swrel was awarded the contract from
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
IFFCO-Tokio crosses Rs 10,000 crore gross written premium in FY23
Iffco-tokio general insurance company was incorporated on in december 2000. it offers retail products like motor, health, travel, home and personal accident insurance and corporate products, including, property, marine and liability insurance.
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Freezing of bank accounts: HC asks Vivo to approach PMLA appellate tribunal
The delhi high court has directed vivo to approach the prevention of money laundering appellate tribunal regarding the freezing of its bank accounts in relation to a money laundering investigation by the enforcement directorate. the company has already fil
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Coal India exceeds annual output target of 700 mn tonnes for first time in 17 years
"the volume increase of a whopping 81 million tonnes in a single year, by fiscal year 2023 end, would be a historic high since the company's inception," reported reuters, citing the company's statement.
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
TRAI’s DLT mechanism to check pesky messages has failed: Route CEO Rajdip Gupta
The implementation process, which started in 2019, has been stuck on the third stage - gathering consumer consent to receive messages from enterprises.
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
WABAG bags Rs 4,400 cr seawater desalination project in Tamil Nadu
Va tech wabag has won a rs 4,400-crore (9m) seawater reverse osmosis (swro) project in tamil nadu as part of a joint venture with metito overseas. after its completion, the project will be the largest desalination plant in the southeast asian region wit
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Goa associates with Maha Navy Connect
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Zee enters into a one-time settlement with Standard Chartered Bank for credit facility availed by Siti Networks
Zee entertainment enterprises ltd (zeel) on thursday said it has entered into a one-time settlement agreement with standard chartered bank for the loan taken by siti networks, a part of the essel group.
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Larsen & Toubro bags multiple EPC projects in domestic market
Large renewable energy (re) zones are being developed that house several solar and wind projects from various developers in contiguous land parcels, the company said adding power generated from such individual projects is collected at pooling substations,
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Master Blaster Sachin Tendulkar becomes the world’s first ‘Hand Ambassador’ for Savlon Swasth India Mission’s novel campaign
Savlon swasth india mission has enlisted sachin tendulkar as the world’s first ‘hand ambassador’ to promote handwashing as a routine for better overall hygiene. the campaign aims to drive behavioural change and reinitiate the conversation around hand
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Tablespace Leases 1 lakh sq ft office space in Pune
The deal includes a rent-free period and a five-year lock-in period. the office will come up in amar tech park, balewadi pune. this is the second large deal closed by tablespace recently. the firm has taken 4.58 lakh sq fr in whitefield earlier this year.
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Bit-by-Bit, Indian Semiconductor firms build talent pool
Companies are also focusing on building up fresh talent on campuses. analog devices provides a platform for university students under its anveshan initiative, for building or prototyping complete system designs. the programme has helped to identify key tal
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
From manual pricing to ChatGPT: How Air India is transforming under Tata
In another sign of the formerly government-owned carrier's whirlwind transformation under its new owner tata group, air india is testing chatgpt, openai's popular chatbot, to replace paper-based practices.
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Statkraft, first MNC to buy bankrupt Indian power firm
Oslo-headquartered statkraft was pitted against biocon-backed ampyr energy, renew power, an arm of state-owned ntpc and european renewable energy major statec, that had also submitted expressions of interest to acquire the lanco unit.
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Mobile users unlikely to get relief from pesky calls, text messages soon, say telco executives
Senior industry executives said a possible solution to the pesky calls problem is for either the telecom regulatory authority of india (trai) or the department of telecommunications (dot) coming out with a uniform caller id verification app akin to the tru
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
PE funds opting for a locked-box mechanism for high-value transactions
Under this mechanism, both the fund and the target company agree on the final purchase price using the target’s most recent audited financial statements, and there are no post-completion adjustments.
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
India, Taiwan can collaborate on offshore wind, solar, electric mobility: Experts
“taiwan is the largest producer of solar wafers which could feed into india’s renewable energy and battery programme,” said kartikeya singh, director, global energy futures initiative.
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
DMRC-DAMEPL face off: Accrued arbitral award of Rs 8,000 cr may have the power to derail Delhi Metro
Dmrc has been asked to pay to the private entity an amount which is enough to fund the post-matric scholarships of about 66 lakh scheduled caste children for a year or equivalent to the annual budget outlay of the smart city mission or the domestic power s
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Ola preparing for world without any subsidies: Bhavish Aggarwal
In an interview to et, aggarwal said ola's electric two-wheeler business, which commenced commercial operations in 2021, is ebitda (earnings before interest, tax, depreciation and amortisation) positive. "we have scaled the fastest, and we have gotten to p
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Indian shoppers snap up premium products
As per the latest numbers from market researcher gfk india, the average selling price increased 9% for laptops, 4% for tvs and 4-6% for appliances in 2022 compared with the year before.
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
French drugmaker Sanofi looks to spin off its consumer business in India
The leading vaccine maker is working with bank of america on the demerger process, said the people cited above. about 60% of sanofi india is owned by sanofi and wholly owned subsidiary hoechst gmbh. the rest is held by foreign and domestic institutional in
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Amazon leases over 6 lakh sq ft of office space in Bengaluru
The deal follows two large transactions amazon recently signed, acquiring more than 800,000 square feet of space in gurgaon and hyderabad for web services, development centres, seller services, and transportation services. the transaction comes as a breath
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
IPL may rake in Rs 5,000 crore from TV, digital ads: Industry executives
Starting this year, the ipl media rights are owned separately for tv (disney star) and digital (viacom18). till last year, both the tv and digital rights were with disney star. disney star is believed to have closed sponsorship deals worth ₹2,400 crore a
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
IFC may double investments in India to .5-3 billion/year
The international finance corporation (ifc) is planning to double its investments in india and support indian companies in their global expansion plans. ifc, which is the largest investor in india, has been investing .3-.5bn annually in the country sin
Tag: Industry India Source: indiatimes.com Dated: 2023-03-31
Shipping, allied industries battle choppy waters as margins sink
As things stand, freight rates in key transit routes have declined over the past 3-4 months to as much as just a quarter of what they averaged a couple of years ago due to lower consumption in western markets amid global economic headwinds. with that, cont
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Hotel, flight bookings strong despite rising Covid cases, job cuts: Hospitality companies
“there is no impact whatsoever. in fact, we also spoke to our travel partners to assess if the pace has slowed down for forward bookings and we are told there is no diversion. all our bookings are on track and we haven't seen any cancellations,” said v
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Insurers plan digital payments platform for reinsurance business
According to an executive aware of the developments, a new company will be set up towards this end, where general insurance companies through the gi council will hold up to 46% stake. "no insurance firm will hold more than 6% stake while the developer comp
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Government plans to reallocate unused overseas flying rights of Indian airlines
This tussle comes at a time when major global airlines from the middle east have pitched for an increase in their quota of seats. additionally, akasa air, which is drawing up its international flight plan, faces the issue of unavailability of flying rights
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Herbalife looks to ride on IPL to reach out to smaller towns
Nutrition multinational herbalife hopes its partnership with the indian premier league (ipl) will help with its ambitious expansion in tier 2 and tier 3 cities in india. the board of control for cricket in india (bcci) had on wednesday announced its partne
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Nestle eying ‘Ching’s Secret’ owner Capital Foods in billion deal
Investors in capital foods include general atlantic, which bought a stake in the company in 2018. capital foods makes the ching’s secret brand of spicy noodles and fusion chutneys
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
India’s January-March housing demand up 14% on year, supply grew 1.9%, Magicbricks
“given the under-served demand for home-ownership in the affordable and mid-range segment, we are optimistic about the growth trajectory for residential demand in the coming quarters as well. we anticipate that the market will stabilise, supplemented by
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Capgemini strengthens its academia collaboration to upskill future talent
In the coming years, capgemini plans to make its academia collaboration more robust, repeatable and scalable so that a sustainable ecosystem is created and effectively leveraged across diverse portfolios.
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Samsung plans 15 premium experience stores across 9 cities by December
Samsung india d2c business senior director sumit walia said that the trigger for expansion of premium experience stores follows the rise in share of its high-end products at brand stores and also two premium stores that were opened recently in bengaluru an
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Delhi airport sees 22 flight diversions due to bad weather
Thunderstorms with light rains lashed parts of the national capital. the official said that out of the 17 flights diverted from the delhi airport, 8 flights each were diverted to lucknow and jaipur while one was diverted to dehradun.
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Virgin Atlantic expands codeshare pact with IndiGo to offer new destinations
The two airlines had in august last year inked a codeshare partnership to help them expand their access to customers flying to the destinations serviced by them. in total, the partnership is adding 18 destinations to its existing portfolio, making it a tot
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
INOXCVA begins construction of Rs 200 crore cryogenic equipment manufacturing facility
The green-field project spread over 30 acres, would be india’s largest cryogenic equipment manufacturing facility with the ability to fabricate over 20,000 mt per year of stainless steel equipment. cryogenic tanks are used to store natural gases and can
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Hisar airport to be operational by November 1, announces CM Dushyant Chautala
Under the regional connectivity scheme, air service will be started from maharaja agrasen hisar airport on nine routes to different states from november 1. after the completion of various works, passengers will be able to travel on these routes, haryana de
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
NCLAT dismisses Jindal Stainless plea over Mittal Corp, asks to approach NCLT
A two-member nclat bench observed the lenders of mittal corp were "empowered to issue fresh rfrp" when none of the resolution plans had been approved by the committee of creditors (coc). nclat said issues raised by jindal stainless subsequent to february 1
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
HPCL signs pact with BPCL for hydrogen synergy
The one-of-a-kind strategic partnership between two oil marketing companies is part of synergy for "mutual aid during emergencies and towards environmental impact by minimizing valuable hydrogen flaring," it said. "this initiative envisages cooperation and
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Bad weather affects flight operations in Delhi; 17 flights diverted to Lucknow, Jaipur & Dehradun
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Indians ordered 3.3 cr plates of Idli on Swiggy in last one year
The analysis also revealed that the most popular time to order idlis is between 8 am to 10 am, with consumers from chennai, hyderabad, bangalore, coimbatore and mumbai also ordering idlis during dinner time. interstingy, a single user from hyderabad spent
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Assam govt inks MoU for setting up new sports training and rehab centers
Each high performance sports training centre will be established at a projected cost of rs 23.78 crore with an additional operational maintenance cost of approximately rs 2.49 crores. the state government will fund the expenses of the guwahati centre while
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Delhi witnessed 81% more property transaction than Mumbai between 2019-22
In 2022, 134,827 properties were registered in delhi, indicating a 68% increase from the previous year. conversely, mumbai saw a decrease in the number of registrations in 2022 compared to 2021. the majority of real estate projects in the delhi region are
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Govt expected to invite bids for Rs 1.50-lakh cr transmission projects in 18 months: Sterlite Power
"we expect that nearly 60-65 per cent of these projects totalling rs 150,000 crore will come up for bidding in next 18 months since completion of all processes and then construction of projects will take another 4-5 years," said a senior sterlite power tra
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
Ingredion open for acquisitions, partnerships in India to expand business
the billion (cy2021) company by revenues entered india a decade ago, but after couple of years of prospecting it decided last year to accelerate with the acquisitions of two small pharma specialty companies - ahmedabad-based amishi drugs and malegaon
Tag: Industry India Source: indiatimes.com Dated: 2023-03-30
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