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GIFT Nifty hits record monthly turnover of $95.5 billion for June
Business

GIFT Nifty hits record monthly turnover of $95.5 billion for June

New Delhi, June 29: GIFT Nifty, which are traded on the National Stock Exchange (NSE), recorded a new milestone of achieving an all time high monthly turnover of $95.55 billion (about Rs 7,97,714 crore) as on June 27. This surpassed its previous record of $91.73 billion set in May. The benchmark...
Data centre capacity in India to double by FY25, sovereign cloud infra must: Experts
Business

Data centre capacity in India to double by FY25, sovereign cloud infra must:...

Mumbai, June 29: The development of 'Made in India' sovereign cloud infrastructure will enhance national security and resilience, industry experts have said, as the data centre capacity in the country is likely to double from 870 MW in FY22 to about 1,700-1,800 MW by FY25. The country currently has...
Centre speeds up industrial corridor projects worth Rs 8,175 crore
Business

Centre speeds up industrial corridor projects worth Rs 8,175 crore

New Delhi, June 27: The Centre has given the finishing touches to four projects under the National Industrial Corridor Development Corporation (NICDC) pertaining to the development of Integrated Manufacturing Clusters (IMCs) in Uttar Pradesh's Agra and Prayagraj, Hisar in Haryana and Gaya in Bihar...
Will help 5 lakh MSMEs onboard ONDC, half of them women-led enterprises: Minister
Business

Will help 5 lakh MSMEs onboard ONDC, half of them women-led enterprises:...

New Delhi, June 28: In a bid to empower micro, small and medium enterprises (MSMEs), the government has announced an initiative to onboard five lakh MSMEs on to the Open Network for Digital Commerce (ONDC). The initiative, called 'MSME TEAM', aims to provide financial assistance for onboarding,...
Thales inks pact with Adani Defence to manufacture 70mm rockets in India
Business

Thales inks pact with Adani Defence to manufacture 70mm rockets in India

New Delhi, June 28: In a major fillip to the government's local manufacturing push, Adani Defence & Aerospace the defence arm of the Adani Group has signed an agreement with the Thales Group to manufacture 70mm rockets in India. Thales said that this partnership is not only significant for their...
PM Gati Shakti scheme has scaled up India’s infra, spurred growth: Morgan Stanley
Business

PM Gati Shakti scheme has scaled up India’s infra, spurred growth: Morgan...

New Delhi, June 28: Global investment bank and financial company Morgan Stanley has stated that the PM Gati Shakti scheme has succeeded in giving a new fillip to India’s infrastructure development and multi-modal connectivity across highways, railways and ports that has spurred economic growth....
Exchange Rate Automation Module ops to start on July 4, exporters & importers to benefit
Business

Exchange Rate Automation Module ops to start on July 4, exporters & importers to...

New Delhi, June 28: The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular for the launch of the Exchange Rate Automation Module (ERAM) with effect from July 4 to enhance trade facilitation for exporters and importers. “The automated system of ascertaining and publishing the...
Rs 11,340 crore revenue received via auction of 141.4 MHz spectrum: Centre
Business

Rs 11,340 crore revenue received via auction of 141.4 MHz spectrum: Centre

New Delhi, June 26: The government on Wednesday said it received Rs 11,340 crore through auction of a total quantum of 141.4 MHz spectrum. This year, auction has seen activity in 900MHz, 1800MHz, 2100MHz and 2500 MHz bands. Bharti Airtel spent the most at Rs 6,856.76 crore to buy spectrum in 900...
SBI raises Rs 10,00 crore via infrastructure bonds
Business

SBI raises Rs 10,00 crore via infrastructure bonds

Mumbai, June 26: The country’s biggest lender State Bank of India (SBI) has raised Rs 10,000 crore through 15-year infrastructure bonds at a coupon rate of 7.36 per cent that is payable annually. The proceeds of the bonds will be utilised in enhancing long-term resources for funding infrastructure...
Sensex trades flat on negative global cues
Business

Sensex trades flat on negative global cues

Mumbai, June 27: India equity indices opened flat on Thursday following negative cues from global markets. At 9:45 a.m., Sensex was up 20 points at 78,694 and Nifty was up 9 points at 23,877. Midcap and smallcap stocks are out performing compared to large caps. The Nifty Midcap 100 index is at...
Maha economy set to grow at 7.6 pc in 2023-24
Business

Maha economy set to grow at 7.6 pc in 2023-24

Mumbai, June 27: Maharashtra economy is set to grow at 7.6 per cent during 2023-24 on the lines of the national economy which is also likely to grow at 7.6 per cent as per the Economic Survey 2023-24 presented by Deputy Chief Minister Ajit Pawar in the Assembly on Thursday. Maharashtra continues to...
8 in 10 Indian MSMEs plan to increase Cloud spending in 2025
Business

8 in 10 Indian MSMEs plan to increase Cloud spending in 2025

New Delhi, June 27: About eight in ten Indian Micro, Small and Medium Enterprises (MSMEs), or 81 per cent, plan to increase their Cloud spending in 2025, as they scale investments in customer relationship management (CRM), financial services and business intelligence software, a report showed...
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