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

WhatsApp ends global companies' cheap-OTP run

WhatsApp ends global companies' cheap-OTP run

Whatsapp raises pricing for international otps in india, impacting major companies like amazon and google. strategic move targets enterprises. fyno founder aniketh jain praises the pricing strategy. the market for enterprise messaging in india is rapidly g
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-27

Solar module duty sop under ALMM may not continue after March 31

Solar module duty sop under ALMM may not continue after March 31

India is considering not extending the solar module import exemption beyond march 31. the ministry may relax commissioning timelines for modules arriving before the deadline to bridge the supply-demand gap in the solar sector.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-27

Preparations for Modi regime 3.0: To fire up PNG adoption, govt may hand out free connections

Preparations for Modi regime 3.0: To fire up PNG adoption, govt may hand out free connections

Petroleum ministry plans prajwala scheme for free png connections and subsidies, inspired by ujjwala scheme. prepaid meters and gas pipeline grid crucial. penalties for distributors missing targets. lpg costs in delhi compared.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-27

Sony signs 0 million media rights deal with New Zealand Cricket

Sony signs 0 million media rights deal with New Zealand Cricket

Sony pictures networks india secured new zealand cricket media rights for -0 million. they will broadcast matches in india from 2024-2031, strengthening their sports portfolio. evaluation of additional cricket rights is in progress.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-27

Indian lenders and Gazprombank in talks for deepening banking services

Indian lenders and Gazprombank in talks for deepening banking services

Indian lenders and russia's gazprombank are in early-stage discussions to establish correspondent banking services for cross-border payments and trade support. gazprombank aims to expand its operations in india and has engaged with indian bankers to explor
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-27

Realtors home in on religious cities to build business

Realtors home in on religious cities to build business

Property development in religious cities like ayodhya, varanasi, vrindavan, haridwar, and tirupati is booming due to spiritual tourism. developers are launching residential projects, with increased interest and investment opportunities in these areas.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-27

Under-construction housing prices rise 30.6% in January-March

Under-construction housing prices rise 30.6% in January-March

Prices of under-construction residential projects in top 13 indian markets rose 30.6% year-on-year. shift towards affordable properties observed. 2bhk demand share increased to 42% between january and march.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-27

HealthQuad exits AINU, sells stake for Rs 600 crore

HealthQuad exits AINU, sells stake for Rs 600 crore

Healthquad, backed by quadria capital, exits ainu post acquisition by asian healthcare holdings with tpg growth and gic for ₹600 crore, achieving a fourfold return. ainu operates in multiple cities and has treated numerous patients.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-27

IndiGo looks to boost productivity and control costs

Indigo, india's largest airline, has emerged stronger from the covid pandemic due to its lean cost structure. despite being completely grounded during the lockdown, the airline now boasts a significant cash reserve of ₹19,199 crore, a 171% increase from
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-27

Pharma companies bet on flagship products to grow in strength

Indian drug manufacturers are utilizing flagship products or "mother brands" to introduce new combinations and establish leadership in therapy areas, as per research by pharmarack. for example, usv's anti-diabetes drug glycomet has bolstered the company's
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-27

ED files additional chargesheet in Bhushan Steel case

Enforcement directorate chargesheet includes bhushan steel and bhushan energy funds misappropriation with 156 accused. properties bought with siphoned funds, mercedes seized, money-laundering probe ongoing.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-27

Audi bids adieu to R8 Supercar after 17 years; may be for its electric rebirth

Originally introduced in 2007 as audi's "sensible supercar," the r8 garnered respect for its powerful v-10 engine shared with the lamborghini huracán. despite never achieving high sales volumes, with production peaking in 2008 at just over 5,000 units, th
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

IIT Guwahati completes technology transfer to BioMed for first recombinant vaccine for Swine Fever Virus

Indian institute of technology guwahati transferred a pioneering vaccine technology to biomed pvt. ltd. for a recombinant vector vaccine combating classical swine fever in pigs and wild boars, with research findings published in prestigious journals.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Ather eyes larger pan-India presence with new family scooter

With rizta, the electric scooter maker is hopeful of targeting a larger buyer base and growing its market share in the northern and western regions. ather is also confident that its efforts in value engineering have done the trick in the overall cost manag
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

LIC world's strongest insurance brand: Brand Finance Insurance Report

Lic emerges as the strongest global insurance brand with a steady brand value of usd 9.8 billion. chinese brands dominate the rankings, with ping an leading. lic india achieves the highest premium collection, while recent wage revision benefits over 110,00
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

IRDAI issues series of regulations, tweaks regulation on surrender charges

Irdai (insurance products) regulations, 2024 merge six regulations into a unified framework aimed at enabling insurers to swiftly respond to evolving market demands, enhancing the ease of conducting business, and boosting insurance penetration. these regul
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Renault in advanced talks with partners to recycle batteries, says executive

Le constructeur automobile français renault est en discussions avancées avec des partenaires potentiels pour extraire et recycler le lithium et d'autres métaux des batteries de véhicules électriques usagées. renault vise à être le premier construct
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Nissan to launch 16 EVs in next three years globally, plans to make India a hub for exports

Nissan to introduce three new models in india for exports by 2026. 'the arc' plan drives competitiveness. strategic partnerships with renault and mitsubishi motors for global offerings. manufacturing at renault nissan automotive india pvt ltd with 4.8 lakh
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Gautam Adani adds another piece to his string-of-pearls strategy

Adani ports strengthens its dominance with the acquisition of gopalpur port, projecting significant growth in cargo handling and revenue. the company's strategic expansion along the indian coast and international ambitions position it to rival china's mari
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

China to challenge Joe Biden's electric vehicle plans at the WTO

China has filed a complaint with the world trade organisation against the us for what it claims are discriminatory requirements for american subsidies for electric vehicles. the us policy excludes critical minerals or battery components made by certain cou
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

The longest train journey of India: Dibrugarh to Kanyakumari in 75 hours

The vivek express, named after swami vivekananda, takes approximately 75 hours and 35 minutes to complete its journey.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Zee Entertainment forms committee to review business performance

Zee entertainment enterprises announced on tuesday the formation of a committee to assess its management's business performance and offer guidance. this follows recent failed entertainment deals, including a scrapped billion merger with sony india and
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

SpiceJet settles Rs 755 crore liabilities of lessor

Spicejet announced a settlement with export development canada (edc) worth rs 755 crore, resulting in savings of rs 567 crore. the agreement includes acquiring ownership of 13 edc-financed q400 aircraft, aiming to bolster the airline's balance sheet. amid
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

India's luxury residential sales records 1.5 times on-year growth, tops Rs 4,319 cr in 2023

The luxury property market in india experienced significant growth in 2023, with sales value of homes priced at rs 50 crore and above reaching rs 4,319 crore, a notable increase from the previous year. mumbai led in transactions, reflecting a trend towards
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

RBI showing serious commitment to improve governance, transparency in finance cos, banks

S&p global ratings highlights the reserve bank of india's (rbi) commitment to enhancing governance and transparency in india's financial sector. the rbi's recent measures aim to mitigate lenders' exuberance, improve compliance, and protect consumers, a
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Waaree Solar Americas appoints Gordon Brinser as COO

Waaree solar americas inc, the us subsidiary of waaree energies, appoints gordon brinser as coo to enhance operational functions and market position. brinser aims to advance us manufacturing capabilities and contribute to the solar industry’s growth. waa
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Mubadala, Avendus invest Rs 1000 cr in NBFC Avanse

Abu dhabi's mubadala investment company and avendus future leaders fund ii invest rs 1,100 crore in avanse financial services, an education-focused nbfc. the funding aims to enhance customer experiences and drive profitable growth. avanse, with an aum of
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

PNB MetLife appoints Vijayalakshmi Natarajan as chief risk & compliance officer

Natarajan, an industry veteran with over three decades of experience, is responsible for enterprise compliance, risk management, design and implementation of internal controls, and policies and procedures, the company said.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

India's regulatory scrutiny may raise lenders' capital costs, slow loan growth, says S&P Global

The reserve bank of india (rbi) is increasing regulatory scrutiny of lenders to improve governance and curb exuberant lending. the rbi has tightened its norms on unsecured loans and warned lenders against exuberance due to rising risks to the financial sys
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

GAIL to commission its first green hydrogen project in April, sources say

The 10-megawatt proton exchange membrane electrolyser for the green-hydrogen producing unit at the vijaipur complex in madhya pradesh state has been imported from canada, company sources said.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

SpiceJet reaches settlement with Canada's EDC to resolve liabilities worth Rs 755 cr

Spicejet announces a settlement agreement with export development canada (edc) to resolve liabilities amounting to rs 755 crore, resulting in savings of rs 567 crore. under the deal, spicejet will acquire 13 edc-financed a400 aircraft, leading to a compreh
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Adani Green Energy Gallery opens in London; 'will inspire people create a sustainable world', says Gautam Adani


Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Avanse Financial Services secures Rs 1,000 crore investment from Mubadala and Avendus PE

Warburg pincus-backed avanse financial services has secured rs 1,000 crore equity investment from mubadala investment company and avendus pe investment advisors. the education-focused non-banking financial company aims to enhance its brand, digital solutio
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Indian banks' NIMs may narrow 10-20 bps in next two years: Fitch Ratings

Fitch ratings predicts a 10-20 basis point narrowing of indian banks' net interest margins (nims) over the next two years due to increased competition for deposits, leading to higher funding costs. fitch expects banks' earnings to remain resilient, driven
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Wipro GE Healthcare to invest Rs 8,000 crore on manufacturing, R&D in next 5 years

Wipro ge healthcare has announced a strategic investment of over billion in local manufacturing and r&d over the next 5 years. the investment aims to bolster the company's manufacturing footprint and address the growing domestic and international ma
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Adani eyes 45 GW renewable energy capacity by 2030

Gautam adani said his group's renewable energy arm, adani green energy, is leading an energy transition that honours the commitment of taking care of the planet not just for this generation and the next but also for generations to come.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Tesla to give one month driver-assist technology trial for customers

The move comes as tesla sales and margins are under pressure because of price competition and softening demand. fsd is an add-on priced at ,000, enabling vehicles to navigate city streets.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Maruti Suzuki to launch its first EV through NEXA channel: Report

Suzuki motor corporation in japan has designed the ev, due for launch in 2025. the company is seeking to export the ev as a made-in-india product to europe and japan, the report said.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Wind and sun are free, but it's harder to get renewable energy projects built these days. Here's why

It's not easy when headwinds from the post-pandemic global economy - including high interest rates and inflation - are holding back often costly investment in wind, solar and other forms of clean power.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Here are the big hurdles to the global push to build up renewable energy

The global goal to triple renewable energy by 2030 is hindered by the post-pandemic global economy. high interest rates, higher upfront costs for renewables, and increased borrowing costs make it harder to fund new projects. to cover these costs, the agree
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Shapoorji Pallonji Group sells Gopalpur Port to Adani Ports

This is the second port divestment in recent months by the construction and infrastructural conglomerate, following the earlier sale of dharamtar port to jsw infrastructure ltd. for an enterprise value of rs 710 crore, the company said in a statement.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

BYD takes fight to EV laggards with China price cuts

Data from car portal 16888.com analysed by bloomberg shows byd has cut prices of more than 100 model versions compared with december, and relaunched a further 70 model trims with lower prices. about the only unaffected models come from its launched yangwan
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Adani Ports to buy 95% of Odisha's Gopalpur Port for 2 million

Adani ports will purchase a 56% stake in gopalpur port from real-estate conglomerate shapoorji pallonji group (sp group) and a 39% stake from orissa stevedores.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

CBI, banks differ over fair hearing to ‘old’ cases of ‘fraud’

Cbi is reportedly insisting on what could be a retrospective application of last year’s sc ruling that a borrower must be given a hearing before the account is classified as ‘fraud’ and a “reasoned order” must follow if such an action is taken. b
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Wait for M2M critical services definition likely to get longer

The telecom industry is worried that any further delay in defining critical services would lead to security implications as currently most of the m2m communications, including in power and infrastructure sectors, are happening on non-licensed spectrum with
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

'Ready-to-eat market in India may grow 45% in 5 years'

Sats food solutions taps into india's growing ready-to-eat market potential with a focus on automation and iot at its bengaluru facility. the company aims to maintain taste consistency and develop new recipes through chef involvement.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Broadband, OTT may keep Tata Play in good stead amid DTH dip

Tata play's revenue from its core direct-to-home (dth) business is expected to decline in the medium term due to a slowdown in its subscriber base. however, this decrease is anticipated to be balanced by growth in broadband and over-the-top (ott) businesse
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Wadhwa Buildcon promoter's plan declared 'invalid'

The resolution professional's actions, including the delay in presenting the resolution plan and the addition of homebuyers to the committee, were seen as detrimental to the interests of the lender. furthermore, it was discovered that promoter of the compa
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Novo Nordisk to buy Cardior Pharma for up to billion

Novo nordisk a/s bought cardior pharmaceuticals for billion to enhance cardiovascular treatments. cardior's microrna-targeting therapies aim to improve heart function, aligning with novo's focus on diabetes and obesity history.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Mercedez Benz research wing expands Bengaluru presence

The company will pay a rent of ₹72 per square foot per month in the first three years of the lease, according to a source with direct knowledge of the deal. the company also renewed its lease with embassy crest in whitefield from embassy property develop
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Independent & global hotels find they need each other

For big chains, new franchise agreements from conversions keep investors happy by opening new hotels in the short term. meanwhile, independent, unbranded hotels like switching to franchise agreements because it gives them greater access to potential bookin
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

BYD takes fight to EV laggards with China price cuts

Data from car portal 16888.com analysed by bloomberg shows byd has cut prices of more than 100 model versions compared with december, and relaunched a further 70 model trims with lower prices. about the only unaffected models come from its launched yangwan
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

LNG importers rush to buy spot cargoes as price hits 3-year low

Lng importers gail, gujarat state petroleum corporation (gspc), torrent gas, bharat petroleum corp (bpcl) and indian oil corp (ioc), among others, are buying spot cargoes as the asia spot lng price has fallen between .3 and per million british thermal
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Holi and Easter weekends serve up big business for travel, hotel companies

At the four seasons mumbai, rooftop bar aer and restaurant san:qi saw a "significant' turnout, higher than the usual weekend rush," said general manager nitesh gandhi. "evenings are more high energy on such weekends especially when home means an elevator r
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

NTPC signs pact with Japanese agency for USD 200 million loan

Ntpc secures usd 200 million loan from a japanese agency, with jbic funding 60% for ntpc and nrel projects in india. the funds will be used for fgd capex, reducing sox emissions, and promoting environmental sustainability.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

NCLT admits insolvency resolution plea against erstwhile promoter of DHFL Dheeraj Wadhawan

Dhfl had availed various term loan facilities of more than rs 4,000 crore and working capital facilities of rs 450 crores. wadhawan had provided unconditional and irrevocable guarantees toward the credit facilities granted by the public sector lender to dh
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Consumer commission imposes Rs 35,000 fine on Amazon, retailer

The district consumer disputes redressal commission fined amazon and a retailer for service deficiencies, emphasizing delays in refunding a laptop worth rs 77,990 and unfair trade practices. amazon was directed to improve its grievance redressal mechanism.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

DGCA puts new rules on pilot rest in abeyance

Airlines had raised concern saying that the new rules force them to cancel up to 20% of flights which will inflate air fares during the peak summer travel season. fares are already higher, according to online travel portals as almost 20% of the fleet of in
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Google in talks to acquire 22.5-acre in Navi Mumbai for maiden India captive data centre

Google is in advanced negotiations to purchase a 22.5-acre land parcel in juinagar, navi mumbai, for its first captive data center in india. the land, owned by maharashtra industrial development corporation (midc), currently leased to gramercy trade indust
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

Cipla to distribute Sanofi's CNS product line in India

According to the joint statement, cipla will utilise its skills and solid india-wide network of distributors, institutions and market outreach programmes to expand access to these treatments for patients. meanwhile, sanofi india will continue to own, impor
Tag: Industry India    Source: indiatimes.com   Dated: 2024-03-26

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