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Business
Adani Foundation receives 'Van Pandit Award' for afforestation initiatives in...
10 Aug 2024 1:27 PM IST
Ahmedabad, Aug 9: The Adani Foundation on Friday said it has won the ‘Van Pandit Award’ for planting more than 1,70,000 trees in Gujarat's Mundra in 2022-23. The award was conferred by Gujarat Chief Minister Bhupendra Patel, in the presence of senior officials. This achievement has ranked the...
Business
Centre approves 8 railways projects worth Rs 24,657 cr, to create 3 cr man days
10 Aug 2024 1:26 PM IST
New Delhi, Aug 9: In a bid to provide seamless connectivity while facilitating ease of travelling in new areas, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Friday approved eight railways projects worth about Rs 24,657 crore. The new line projects, to...
Business
PM MITRA Parks to bring Rs 70,000 crore investment in textiles sector: Minister
10 Aug 2024 1:24 PM IST
New Delhi, Aug 9: The Centre has approved the setting up of seven PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in greenfield and brownfield sites with world-class infrastructure including plug and play facility with an outlay of Rs. 4,445 crores for a period of seven years up to...
Business
Ex-Twitter board member sues Elon Musk’s X for $20 million
10 Aug 2024 1:22 PM IST
New York, Aug 10: Billionaire Elon Musk-run X social media platform has been sued by a former Twitter board member for $20 million. Omid Kordestani, former Twitter (now called X) executive chairman, has sued the social media platform, claiming that Musk refused to cash out more than $20 million...
Business
Unbelievably saddened: Sundar Pichai on demise of ex-YouTube CEO Susan Wojcicki
10 Aug 2024 1:21 PM IST
New Delhi, Aug 10: Susan Wojcicki, once a key figure in Google's history, passed away after a two-year battle with cancer, Alphabet and Google CEO Sundar Pichai informed on Saturday. Wojcicki played a foundational role in shaping Youtube’s trajectory. “Unbelievably saddened by the loss of my dear...
Business
India expected to clock 7.2 pc GDP growth in 2024-25: Report
6 Aug 2024 1:34 PM IST
New Delhi, Aug 6: India's economy is expected to clock a 7 to 7.2 per cent growth rate in 2024-25 supported by a rebounding rural economy, strong manufacturing growth, robust bank balance sheets, and increased exports, according to financial advisory firm Deloitte.The August update of Deloitte's...
Business
Australia's Central Bank keeps interest rate at 4.35 per cent due to high...
6 Aug 2024 1:32 PM IST
Sydney, Aug 6: The Reserve Bank of Australia (RBA) left the cash rate target on hold at 4.35 percent on Tuesday as inflation is still some way above the midpoint of the 2-3 per cent target range. The RBA board said in a statement that it decided to leave the cash rate target unchanged at 4.35 per...
Business
ADB grants $21 million to boost renewable energy in Tajikistan
6 Aug 2024 1:31 PM IST
Manila, Aug 6: The Asian Development Bank (ADB) Tuesday said it has approved a grant of $21 million as additional financing to expand the supply of renewable energy in Tajikistan by further modernising a hydropower plant.The additional financing will replace the power generation unit 4 at the...
Business
Raj govt earns Rs 2,797 crore in mining revenue in April-July
6 Aug 2024 1:29 PM IST
Jaipur, Aug 6: The Rajasthan government's Mines department has collected a revenue of Rs 2,797 crore with 29 per cent growth in the first four months of the financial year 2024-25 as compared to the same period of the last financial year. The growth rate of revenue collection in July was 69 per cent...
Business
Mexican President ascribes global market jitters to dismal US unemployment
6 Aug 2024 1:27 PM IST
Mexico City, Aug 6: Mexican President Andres Manuel Lopez Obrador blamed the drop in global markets on investor nervousness caused by the release of dismal employment figures in the United States."At the end of last week, like on Thursday, a situation of instability began, fundamentally attributed...
Business
Global markets tumble 10 pc amid US recession fears
5 Aug 2024 1:28 PM IST
Mumbai, Aug 5: Global markets were in the deep red on Monday as the US economic slowdown weighed heavily on the financial markets. Heavy selling pressure was seen in all major Asian markets. Japan crashed by 10 per cent, Seoul tumbled over 8 per cent, Taipei fell by 4.43 per cent, Jakarta was down...
Business
South Korean stock markets sink over 5 pc on US slowdown fears
5 Aug 2024 1:27 PM IST
Seoul, Aug 5: South Korean stocks tumbled more than 5 per cent on Monday as fears of a US economic slowdown weighed heavily on the financial market, with a five-minute trade halt issued during the intra-day trading. The benchmark Korea Composite Stock Price Index (KOSPI) had fallen 140.25 points, or...
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