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Norwegian PM inaugurates Europe
Business

Norwegian PM inaugurates Europe's first gigawatt battery factory

Arendal, Aug 17: Norwegian Prime Minister Jonas Gahr Store inaugurated Europe's first gigawatt-scale factory for Lithium Iron Phosphate (LFP) batteries. Located in Arendal, southern Norway, the factory is owned by the start-up Morrow Batteries. Achieving yet another significant milestone, Morrow...
Australia to trial digital travel passes as replacement for paper cards
Business

Australia to trial digital travel passes as replacement for paper cards

Canberra, Aug 17: Australia will trial digital passenger cards to replace paper cards for arrivals to the country, the border force has announced. Under the pilot program for the Australia Travel Declaration, passengers on Qantas flights from New Zealand to Australia later in 2024 will be able to...
IMF’s Gita Gopinath goes bullish on India’s economic growth
Business

IMF’s Gita Gopinath goes bullish on India’s economic growth

New Delhi, Aug 17: After Prime Minister Narendra Modi, during his Independence Day address to the nation, said the country is on its way to become the third-largest economy with big reforms across sectors, Dr Gita Gopinath, Deputy Managing Director of the International Monetary Fund (IMF), has...
Indonesia targets $25.2 billion in private sector investment for green hydrogen by 2060
Business

Indonesia targets $25.2 billion in private sector investment for green hydrogen...

Jakarta, Aug 16: Indonesia aims to secure $25.2 billion in private sector investment for green hydrogen development by 2060, according to the Ministry of Industry. This initiative is designed to prevent an energy crisis in the industrial sector while also supporting carbon dioxide reduction, with a...
Stable investment environment, FPIs pump around Rs 65,000 crore over 12 months
Business

Stable investment environment, FPIs pump around Rs 65,000 crore over 12 months

New Delhi, Aug 16: Foreign Portfolio Investors (FPIs) invested Rs 64,824 crore in the last 12 months (August 2023 to August 2024-till now) in the Indian share market. According to depositories data, FPIs total investment was Rs 1,82,965 crore, and a total sell-off of Rs 1,18,141 crore last year....
Gold-loan NBFCs grow in India despite cash disbursement restriction: Report
Business

Gold-loan NBFCs grow in India despite cash disbursement restriction: Report

New Delhi, Aug 16: Non-banking financial companies (NBFCs) focusing on gold loans are expected to see reasonable growth in disbursements this fiscal as demand for credit remains strong, a report showed on Friday. A CRISIL Ratings analysis of gold-loan NBFCs found that growth for gold-loan NBFCs has...
Foxconn’s investments to help India become global manufacturing hub: Ashwini Vaishnaw
Business

Foxconn’s investments to help India become global manufacturing hub: Ashwini...

New Delhi, Aug 16: The investment plans by Hon Hai Technology Group (known as Foxconn) will help India become a global manufacturing hub, Union Minister for Railways, Electronics and IT and I&B, Ashwini Vaishnaw, said on Friday. The Minister met Young Liu, Chief Executive Officer and Chairman of...
Sensex trades higher, smallcap and midcap stocks under pressure
Business

Sensex trades higher, smallcap and midcap stocks under pressure

Mumbai, Aug 14: The Indian equity indices opened higher on Wednesday as smallcap and midcap stocks saw some pressure in the morning trade. At 9:47 a.m., Sensex was up 154 points or 0.20 per cent at 79,110 and Nifty was up 23 points or 0.10 per cent at 24,162.Selling was seen in the midcap and...
Ceiling amount payable out of NSE’s Investor Protection Fund Trust now Rs 35 lakh
Business

Ceiling amount payable out of NSE’s Investor Protection Fund Trust now Rs 35...

Mumbai, Aug 14: The National Stock Exchange (NSE) has increased the maximum permissible limit against a single claim from the current amount of Rs 25 lakh to Rs 35 lakh per investor per claim out of its Investor Protection Fund Trust. In a statement, the exchange said the limit will be applicable...
Vinod Khosla slams Musk for his CO2-level tutorial to Trump as ‘dumb’
Business

Vinod Khosla slams Musk for his CO2-level tutorial to Trump as ‘dumb’

New Delhi, Aug 14: Venture capitalist Vinod Khosla on Wednesday slammed billionaire Elon Musk over his climate talk tutorial to Republican Party Presidential candidate Donald Trump, saying his thoughts about CO2 ppm (parts per million) levels and their consequences were simply “dumb”.In a thread on...
Growth outlook across sectors remains robust in India: Report
Business

Growth outlook across sectors remains robust in India: Report

New Delhi, Aug 13: The growth outlook across sectors remains robust in India, especially in the industrials and capex segments, where government spending remains strong, a report showed on Tuesday. Most companies remain constructive on long-term growth and see this as a sustained spell of growth and...
India as world’s 4th largest refiner moves towards energy self-sufficiency: Minister
Business

India as world’s 4th largest refiner moves towards energy self-sufficiency:...

New Delhi, Aug 13: India, the world’s fourth largest refiner, is confidently journeying towards energy self-sufficiency under the leadership of Prime Minister Narendra Modi, Petroleum Minister Hardeep Singh Puri said on Tuesday. The Minister said that with the country’s energy demand expected to...
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