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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...
Hiring in Indian telecom, ISP and allied industry to see 5.62 pc growth in July-Dec
Business

Hiring in Indian telecom, ISP and allied industry to see 5.62 pc growth in...

Bengaluru, Aug 27: The telecom, internet service provider (ISP) and allied industry in the country is poised for robust growth with an expected net employment increase of 5.62 per cent in the first half of current fiscal (FY25), a report said on Tuesday. The report mentioned that 62 per cent of...
Ambuja Cements’ stock gains after promoter entity sells stake worth Rs 4,198 cr
Business

Ambuja Cements’ stock gains after promoter entity sells stake worth Rs 4,198 cr

Mumbai, Aug 23: The shares of Ambuja Cements, part of the diversified Adani Portfolio, gained in morning trade on Friday after a promoter entity likely divested Rs 4,197.8 crore worth stock at the floor price. Holderind Investments, a company owned by billionaire Gautam Adani and his family, likely...
LinkedIn appoints Kumaresh Pattabiraman as Country Manager, Product Head in India
Business

LinkedIn appoints Kumaresh Pattabiraman as Country Manager, Product Head in...

New Delhi, Aug 23: Microsoft owned professional networking platform LinkedIn on Friday announced it has appointed Kumaresh Pattabiraman as new Country Manager and Product Head in India. With over 135 million members, India stands as LinkedIn's second-largest and fastest growing market.In a post,...
Annual logistics rental growth in Delhi-NCR best among Indian cities: Report
Business

Annual logistics rental growth in Delhi-NCR best among Indian cities: Report

Mumbai, Aug 22: Delhi-NCR has been rated among top 10 Asia-Pacific logistics markets for annual rental growth for the first half this year, a report said on Thursday. At 3 per cent rental growth, the Delhi-NCR logistics rental market recorded better growth, while Mumbai (2.3 per cent) and Bengaluru...
Local telecom manufacturing to provide more jobs at entry level: Minister
Business

Local telecom manufacturing to provide more jobs at entry level: Minister

New Delhi, Aug 22: The thrust of local telecom manufacturing, driven by the production-linked incentive (PLI) scheme, will provide more job opportunities at entry level and help in building up skilled manpower resources, the Centre has said. During a meeting with original equipment manufacturers...
Sensex trades higher on positive global cues
Business

Sensex trades higher on positive global cues

Mumbai, Aug 22: Indian equity indices opened in the green on Thursday following positive cues from US markets. At 9.44 a.m., Sensex was up 194 points or 0.24 per cent at 81,099 and Nifty was up 60 points or 0.24 per cent at 24,830. The market trend remains positive. On the National Stock Exchange...
PM Modi congratulates RBI Guv for top global rating 2nd time in a row
Business

PM Modi congratulates RBI Guv for top global rating 2nd time in a row

New Delhi, Aug 21: Prime Minister Narendra Modi on Wednesday congratulated RBI Governor Shaktikanta Das on being rated “A+” for the second time in a row in the ‘Global Finance Central Banker Report Cards 2024’. Responding to a post on X by the Reserve Bank of India, PM Modi said, “Congratulations to...
India’s target of $55 trillion economy is ambitious but achievable: IMF official
Business

India’s target of $55 trillion economy is ambitious but achievable: IMF official

New Delhi, Aug 21: India’s economy is projected to grow to $55 trillion by 2047 if the country is able to register an average real growth rate of 8 per cent in the coming years which is an ambitious but achievable target, IMF executive director Krishnamurthy V Subramanian has said.Speaking at a...
India inks pact to export green ammonia to Japan
Business

India inks pact to export green ammonia to Japan

New Delhi, Aug 21: India has signed an agreement for the export of green ammonia to Japan marking a significant step forward in the country’s journey to becoming a global leader in green energy in green hydrogen and ammonia production, the Ministry of New & Renewable Energy (MNRE) said.The Heads...
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