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Business
ADB grants $21 million to boost renewable energy in Tajikistan
6 Aug 2024 8:01 AM GMT
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 7:59 AM GMT
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 7:57 AM GMT
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 7:58 AM GMT
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 7:57 AM GMT
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...
Business
Zoho to foray into eastern UP this year: CEO Sridhar Vembu
5 Aug 2024 7:55 AM GMT
New Delhi, Aug 5: In a first such move, Cloud software major Zoho is likely to mark its presence in eastern Uttar Pradesh this year, the company's Co-founder and CEO Sridhar Vembu said on Monday. The Chennai based SAAS company last year surpassed 100 million users across over 55 business...
Business
Sensex trades lower on negative global cues
5 Aug 2024 7:52 AM GMT
Mumbai, Aug 5: Indian equity indices opened in the deep red on Monday following negative cues from Asian peers. At 9.42 a.m., Sensex was down 1,509 points or 1.86 per cent at 79,460 and Nifty was down 465 points or 1.88 per cent at 24,252. The market trend remains negative. On the National Stock...
Business
SL's Supreme Court grounds controversial deal to issue on-arrival visa by...
5 Aug 2024 7:51 AM GMT
Colombo, Aug 5: Sri Lanka's Immigration Department has reverted to issuing on-arrival visas at the points of entry, and airport after the Supreme Court suspended a controversial deal outsourcing online visa issuing to a tripartite joint venture, including an Indian company.Issuing of online visas...
Business
ASEAN-India trade talks in Jakarta pave way for closer ties
3 Aug 2024 9:09 AM GMT
New Delhi, Aug 3: Ministry of Commerce and Industry on Saturday said that the 5th meeting of the joint committee for the review of the ASEAN-India Trade in Goods Agreement (AITIGA) was held at the ASEAN Secretariat in Jakarta. “It marks a significant milestone in enhancing economic cooperation...
Business
Centre empowered over 10K startups with Rs 580 cr funding in 5 years
3 Aug 2024 9:00 AM GMT
New Delhi, Aug 3: The Union government empowered more than 10,000 technology startups through various schemes in the last five years, said Jitin Prasada, Minister of State for Electronics & Information Technology, in a written reply to a question in Rajya Sabha. The Centre disbursed a total...
Business
Weekly Wrap: Sensex ends eight week gaining streak after recession fears in...
3 Aug 2024 8:58 AM GMT
Mumbai, Aug 3: Indian equity indices witnessed a loss in the last week due to fear of recession in the global market. On Friday, Sensex ended at 80,981, down 855 points or 1.08 per cent and Nifty closed at 24,717, down 293 points or 1.17 per cent. With this frontline indices snapped an eight-week...
Business
Portugal approves major investments in national energy grid
3 Aug 2024 8:57 AM GMT
Lisbon, Aug 3: The Portuguese government announced that it has greenlit a series of significant investments by Redes Energetics Nacionais (REN) aimed at extending and developing the National Transmission Network (RNT). The approval, announced in a statement by Environment and Energy Minister Maria...
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