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Business
Centre may increase welfare spending in upcoming budget: Report
25 Jun 2024 4:19 PM IST
New Delhi, June 25: The Central government is likely to increase its welfare spending on social schemes by Rs 50,000 crore in the upcoming budget, due to robust tax collection and record dividend from the Reserve Bank of India (RBI), according to the global brokerage Jefferies. As per the report,...
Business
India’s manufacturing sector to reach $1.66 trillion by FY34 with GDP share at...
25 Jun 2024 4:18 PM IST
Mumbai, June 25: Driven by the production-linked incentive (PLI) scheme, the country’s manufacturing sector is projected to expand threefold, reaching a market size of $1.66 trillion from the current $459 billion (FY24), a report showed on Tuesday. This growth surpasses the average increase of $175...
Business
ADB approves $56 mn loan, grant to Kyrgyzstan
24 Jun 2024 2:26 PM IST
Manila, June 24: The Asian Development Bank (ADB) on Monday said that it has approved the funding of $56 million to Kyrgyzstan to improve wastewater management and enhance sustainable and inclusive tourism in the Issyk-Kul region, renowned for its tourist appeal and importance. The funding comprises...
Business
Canara Bank's social media account on X hacked
24 Jun 2024 2:25 PM IST
New Delhi, June 23: Canara Bank's official social media handle on X (formerly Twitter) has been hacked. The hacker changed the username of the handle to 'ether.fi'. Currently, Canara Bank's official account (@canarabank) has 2.55 lakh followers. However, the bank has yet to take action in response....
Business
Coal Ministry launches India’s first ever pilot project for underground coal...
24 Jun 2024 2:24 PM IST
New Delhi, June 24: Coal India subsidiary Eastern Coalfields Limited (ECL) has embarked on an innovative pilot project for Underground Coal Gasification (UCG) at the Kasta coal block in Jharkhand’s Jamtara district as part of a strategic initiative launched by the Ministry of Coal, according to an...
Business
Sony Pictures Networks India appoints Gaurav Banerjee as MD & CEO
24 Jun 2024 2:21 PM IST
Mumbai, June 24: Sony Pictures Networks India (SPNI) on Monday announced the appointment of Gaurav Banerjee as the new Managing Director and Chief Executive Officer (CEO), effective on or before August 26 pending regulatory approvals. Banerjee succeeds NP Singh, who stepped down after 25 years and...
Business
Noida International Airport expects to start commercial ops by April 2025
24 Jun 2024 2:20 PM IST
Noida, June 24: Construction and development work at Noida International Airport is at an advanced stage and the management expects to begin commercial operations by the end of April 2025. “Work on the runway, the passenger terminal and the control tower, is well advanced. We continue to pass...
Business
Govt imposes stock limits on traders to keep prices of pulses in check
22 Jun 2024 1:17 PM IST
New Delhi, June 21: The Centre has issued an order imposing stock limits for pulses that can be stored by wholesalers, retailers, big chain retailers, millers, and importers to prevent hoarding and keep prices in check. The order, which kicks in with immediate effect, prescribes stock limits for tur...
Business
India's youth greatest asset, time to build human capital for robust growth: HUL...
22 Jun 2024 1:12 PM IST
New Delhi, June 22: India, which is the fastest-growing economy, can further fuel its growth journey if the leading enterprises and companies collaborate with the government to build a robust human capital, according to Hindustan Unilever Limited (HUL) chairman, Nitin Paranjpe.According to him,...
Business
Atal Pension Yojana adds record 12.2 million new members in 2023-24
22 Jun 2024 1:10 PM IST
New Delhi, June 22: A record 12.2 million new accounts were opened in the Atal Pension Yojana (APY) during 2023-24 taking the total enrolments to 66.2 million under the government’s social security scheme, according to figures compiled by the Pension Fund Regulatory and Authority (PFRDA).According...
Business
FMCG sales growth in rural areas to outstrip urban markets: Report
22 Jun 2024 1:06 PM IST
New Delhi, June 22: Rural India has bounced back as a buyer of fast-moving consumer goods (FMCG) such as soaps and soft drinks and sales of these goods are expected to expand at a faster pace than urban areas in the second quarter of 2024, according to a report by consulting firm Kantar. The report...
Business
Centre approves Rs 13,595 crore to evacuate green energy from Rajasthan,...
22 Jun 2024 1:02 PM IST
New Delhi, June 22: Central government has approved two new Inter State Transmission System (ISTS) schemes to evacuate 9 GW of renewable energy from Rajasthan and Karnataka with an investment of Rs 13,595 crore, the Ministry of Power said on Saturday. These schemes will be implemented through Tariff...
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