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Centre approves Rs 13,595 crore to evacuate green energy from Rajasthan, Karnataka
Business

Centre approves Rs 13,595 crore to evacuate green energy from Rajasthan,...

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...
Rs 3,500cr worth of illicit goods seized by DRI in FY23-24: Official
Business

Rs 3,500cr worth of illicit goods seized by DRI in FY23-24: Official

New Delhi, June 21: Mohan Kumar Singh, Principal Director General of the Directorate of Revenue Intelligence (DRI), said that illicit trade through smuggling and counterfeiting poses an immense threat and impacts legitimate economic activities resulting in government revenue losses and fuelling of...
IndiGo ties up with Garuda to train fresh pilots
Business

IndiGo ties up with Garuda to train fresh pilots

New Delhi, June 20: Leading low cost carrier IndiGo has partnered with Garuda Aviation Academy to train fresh pilots as future junior first officers, under the airline's Cadet Pilot Program. This is the eighth partnership for cadet pilot program by IndiGo in the last 13 years, the airline said on...
Japan’s Takeda allows Sun Pharma, Cipla to market gastro drug in India
Business

Japan’s Takeda allows Sun Pharma, Cipla to market gastro drug in India

Mumbai, June 21: Japan's Takeda Pharmaceutical gave India's Sun Pharmaceutical and Cipla the rights to commercialise the gastrointestinal drug Vonoprazan in the country. The drug, which is sold in the form of tablets under the brand name 'Voltapraz', blocks a key step in the production of stomach...
Asset right growth strategy boosts Storii by ITC Hotels on a high growth trajectory
Business

Asset right growth strategy boosts Storii by ITC Hotels on a high growth...

New Delhi, June 21: Strengthening the presence of Brand Storii, ITC’s Hotel Group has announced the signing of two Storii resorts in Rajasthan. With these signings, the chain’s portfolio of managed properties continues its high growth trajectory through the asset right strategy.Expected to open in...
Indian jewellery sector revenue shoots up by over Rs 1 lakh crore in 5 years: Report
Business

Indian jewellery sector revenue shoots up by over Rs 1 lakh crore in 5 years:...

Mumbai, June 21: India's jewellery retail sector has recorded rapid growth in the last five years surging from Rs 5,04, 400 crore in 2019 to 6,40,000 crore in 2024 on the back of rising incomes in the economy and greater trust in the products due to hallmarking, according to a Motilal Oswal report....
9 Indian ports make it to World Bank
Business

9 Indian ports make it to World Bank's Global Top 100 list

New Delhi, June 19: In a major achievement, as many as 9 Indian ports have made it to the Global Top 100 in the latest edition of the Container Port Performance Index (CPPI), 2023, prepared by the World Bank and S&P Global Marketing Intelligence. Visakhapatnam Port has showcased strong...
Probe into imported Toyota, Yamaha models over fraudulent Japanese testing
Business

Probe into imported Toyota, Yamaha models over fraudulent Japanese testing

Seoul, June 20: The South Korean government said on Thursday it has carried out a probe into some imported vehicles made by Japanese automakers Toyota Motor Corp. and Yamaha Motor Co. in connection with their improper certification tests in their home country. Seoul's Ministry of Land,...
India
Business

India's efforts in energy transition can be replicated by others: WEF

New Delhi, June 20: The World Economic Forum has lauded India's progress in global energy transition, observing that the country "is leading the way in creating outcomes that can be replicated elsewhere". "While innovation growth has slowed, countries like China and India are leading in developing...
India becomes third-largest domestic airline market
Business

India becomes third-largest domestic airline market

New Delhi, June 20: Driven by robust growth in the aviation sector in the last decade, India is now the third-largest domestic airline market in the world, up from 5th position 10 years ago. Ten years ago, India was the smallest market with around 8 million seats, followed by Indonesia at 4th and...
India to make huge progress on back of young population, rapid development: NSE CEO
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India to make huge progress on back of young population, rapid development: NSE...

Mumbai, June 20: Riding on a young talented population, rapid technological developments and overall economic growth, India will be able to generate more wealth in comparison to other countries in years to come, Ashish Kumar Chauhan, Managing Director and CEO of National Stock Exchange (NSE)...
US regulators accuse TikTok of violating child privacy laws
Business

US regulators accuse TikTok of violating child privacy laws

Washington, June 19: The US Federal Trade Commission (FTC) has referred a complaint against the popular video sharing app TikTok and its Chinese parent company ByteDance to the Department of Justice, alleging that they failed to protect the privacy of children. The FTC said in a statement that it...
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