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Procurement of 19,760 MT of urad, 1.03 lakh MT of soybeans from K’taka ordered: Joshi
Business

Procurement of 19,760 MT of urad, 1.03 lakh MT of soybeans from K’taka ordered:...

New Delhi, Aug 30: The Union government has granted permission to procure two more crops at support prices in Karnataka and instructions have been issued for the procurement of 19,760 MT of urad and 1.03 lakh MT of soybeans from farmers. “It’s the central government’s gift to Karnataka farmers for...
Air India to operate Vistara planes as FDI nod for merger comes through
Business

Air India to operate Vistara planes as FDI nod for merger comes through

Mumbai, Aug 30: Full-service airline Vistara announced on Friday that its aircraft would be operated by Air India from November as the government's FDI approval for the merger between the two airlines has come through. From September 3, it will not be possible to book with Vistara for travel on or...
Ghana to commence Eurobond debt exchange for investors to firm up debt restructuring
Business

Ghana to commence Eurobond debt exchange for investors to firm up debt...

Accra, Aug 30: The government of Ghana said that it would soon invite its Eurobond investors for a debt exchange offer to boost its debt restructuring efforts. During a regular monthly economic update, Finance Minister Mohammed Amin Adam said that the exchange would commence in the coming days,...
UPI transactions likely to touch 100 billion mark in next 10 years: NPCI chief
Business

UPI transactions likely to touch 100 billion mark in next 10 years: NPCI chief

Mumbai, Aug 29: The country's Unified Payments Interface (UPI) has the potential to touch 100 billion transactions in the next 10-15 years backed by credit growth, according to Dilip Asbe, CEO of National Payments Corporation of India (NPCI). "We are looking at 100 billion transactions in the next...
Rs 11,000 cr worth shares offloaded in Indigo block deal, Rakesh Gangwal likely seller
Business

Rs 11,000 cr worth shares offloaded in Indigo block deal, Rakesh Gangwal likely...

Mumbai, Aug 29: Shares of budget carrier Indigo marginally fell in the morning trade on Thursday after a block deal where at least 2.3 crore shares of the aviation major exchanged hands in a deal worth Rs 11,000 crore at a floor price of Rs 4,760 apiece. Nearly 6 per cent stake in InterGlobe...
US, Seoul markets down over Nvidia
Business

US, Seoul markets down over Nvidia's underwhelming earnings result

Seoul, Aug 29: South Korean shares dropped more than 1 per cent after opening on Thursday, taking a cue from Wall Street losses prompted by an underwhelming earnings result by global artificial intelligence (AI) chip giant Nvidia. The benchmark Korea Composite Stock Price Index (KOSPI) fell 31.62...
PMJDY world
Business

PMJDY world's largest financial inclusion scheme: Nirmala Sitharaman

New Delhi, Aug 28: The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched by Prime Minister Narendra Modi on August 28, 2014, has become the world's largest financial inclusion scheme with more than 53.14 crore beneficiaries and total deposit balances at Rs 2,31,236 crore, the government said on...
Sales turnover in Janmashtami festivities soars to Rs 25,000 crore
Business

Sales turnover in Janmashtami festivities soars to Rs 25,000 crore

New Delhi, Aug 28: The Janmashtami festival this year generated a business of more than Rs 25,000 crore, according to the traders’ body Confederation of All India Traders (CAIT). The high sales turnover reflects robust consumer spending in a growing economy which shoots up during festive...
ZF Group to invest over Rs 18,700 crore in India
Business

ZF Group to invest over Rs 18,700 crore in India

New Delhi, Aug 28: Germany's conglomerate ZF Group is going to invest 2 billion euros (approximately Rs 18,750 crore) in the next six years to expand its business in India across various sectors including auto components, wind gearboxes, construction and agricultural machinery. With large...
Rising Govt capex fuelling surge in India
Business

Rising Govt capex fuelling surge in India's physical & digital infra

New Delhi Aug 28: The Union Government has enhanced its capital expenditure on infrastructure projects such as roads, railways and airports from Rs 1.97 lakh crore (1.6 per cent of GDP) in FY2014-15 to Rs 11.1 lakh crore (3.4 per cent of GDP) in FY2024-25, according to credit rating agency Moody's...
IMF approves $820 mn disbursement to Egypt
Business

IMF approves $820 mn disbursement to Egypt

Cairo, Aug 27: The International Monetary Fund (IMF) approved a disbursement of US$820 million to Egypt as part of an 8 billion-dollar loan program. The IMF on Monday said macroeconomic conditions in Egypt have improved since the program's first and second reviews in March, noting that inflationary...
EET Fuels moves to key stage in Hydrogen Fuel Switching project, appoints Wood
Business

EET Fuels moves to key stage in Hydrogen Fuel Switching project, appoints Wood

Stanlow (UK), Aug 27: EET Fuels, the trading name of Essar Oil UK, which plans to create the world’s leading low carbon process refinery, has progressed to the front-end engineering design (FEED) stage of its Hydrogen Fuel Switching project. Hydrogen will be provided by EET Hydrogen, the...
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