New Delhi: Credit rating agency ICRA estimates the Central government’s revenue receipts will witness an upward revision of Rs 1.2 lakh crore in the forthcoming Revised Budget for 2024-25 over the Interim Budget Estimate, while pegging a relatively shallower increase in the revenue expenditure target, largely focused on the rural economy. The rating agency expects … Read more
London: The European Commission on Friday sent e-commerce giant Amazon a request for information (RFI) under the Digital Services Act (DSA). It has asked the Jeff Bezos-founded behemoth to provide more information on the measures the platform has taken to comply with the DSA obligations related to the transparency of recommender systems and their parameters, … Read more
Thiruvananthapuram: With the completion of the first phase of the country’s first exclusive trans-shipment port, the Adani Group‘s Vizhinjam Port located near the famed Kovalam beach in Kerala is all set to receive its first mothership on July 12, a top port official said on Thursday. Divya S. Iyer, the Managing Director of the port, … Read more
Mumbai : After Hindenburg Research alleged that Kotak Mahindra group created and oversaw the offshore fund structure used by the investor partner of Hindenburg to short Adani stocks, the group on Tuesday said Hindenburg was never a client of its offshore fund and the fund was unaware of the US short seller being a partner … Read more
New Delhi : The coal stocks at domestic coal-based Thermal Power Plants is currently at 44.46 million tonnes (MT) which is sufficient to meet the requirements for 18.5 days as per the present level of consumption, the Ministry of Coal said on Monday. This stock position is 33 per cent higher than what it was … Read more
Jaipur : After the Palace on Wheels, which is regarded as one of the most beautiful and luxurious trains in the world, offered destination weddings, the booking for the same will start in September. The officials said the train mostly hosts foreign travellers due to its high rates. However, after deciding to offer it as … Read more
New Delhi : The Confederation of Indian Industry (CII) and Nassom on Monday joined hands to provide digital skills to youth in sectors other than IT, with an aim to reskill and upskill 1 lakh youth in the coming two years. Seven target sectors have been identified to begin with, including banking, financial services and … Read more
Mumbai : Indian stock indices closed in green on Monday following the rally in IT shares. At closing, Sensex was at 79,476, up 443 points or 0.56 per cent and Nifty was up 131 points or 0.55 per cent, at 24,141. During the day, midcap and smallcap stocks outperform compared to largecaps. The Nifty midcap … Read more
New Delhi : As multiple customers juggled to validate their Groww portfolio on mutual fund transfer agencies CAMS and Kfintech amid concerns, the financial services platform on Monday said some of the customers are not able to see all their investments because there are different registrar and transfer agents (RTAs) for different funds. To verify … Read more
New Delhi : In a major boost to India’s production-linked incentive (PLI) scheme, mobile phone exports from the country gained much ground in FY24 as manufacturing giants like China and Vietnam fell behind. Railways, I&B and IT Minister Ashwini Vaishnaw posted on X on Monday that “Bharat’s focus on manufacturing with ‘Make in India’ and … Read more
New Delhi : The green energy sector in India has taken off well under Prime Minister Narendra Modi’s government and Australian companies, with their top-notch technologies and research and development (R&D) expertise, can seamlessly fit into the Indian green supply chain and help it grow at scale, Australia’s High Commissioner to India, Philip Green OAM, … Read more
Mumbai : The Reserve Bank of India (RBI) on Monday said that 97.87 per cent of the ₹2000 banknotes that were in circulation as of May 19, 2023, when their withdrawal was announced, have now been returned. The total value of ₹2000 banknotes in circulation has declined to ₹7581 crore at the close of business … Read more