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Business
Gold production from Indian mines surges by 86 pc in Feb, copper output up 29 pc
3 May 2024 6:06 AM GMT
New Delhi, May 2: The production of gold from Indian mines surged by 86 percent in February this year to 255 kg while that of copper increased by 28.7 percent to 11,000 tonnes, according to data released by the Ministry of Mines on Thursday. Among the other important minerals, bauxite (aluminium)...
Business
Adani Green secures $400 million from international banks for 750 MW solar...
3 May 2024 6:04 AM GMT
Ahmedabad, May 2: Adani Green Energy Ltd (AGEL) on Thursday secured $400 million from a consortium of five leading international banks for its under construction 750 MW solar projects in Rajasthan and Gujarat. The financing will aid 750 MW of solar generation capacity in Rajasthan and Gujarat...
Business
Apple logs strong double digit growth in India, to produce more in country: Tim...
3 May 2024 6:02 AM GMT
New Delhi, May 3: Apple registered strong double digit growth in India in the March quarter this year and the company will continue to expand its operations, the company’s CEO Tim Cook said on Friday, adding that in order to be competitive, they need to manufacture more in India. In an analysts...
Business
India's gold demand rises 8 pc in Jan-March despite soaring prices
30 April 2024 8:22 AM GMT
Mumbai, April 30: India's gold demand rose to 136.6 tons in the January-March quarter which represents an 8 percent increase over the same quarter of the previous year, according to figures released by the World Gold Council (WGC) on Tuesday. Gold purchases have increased despite rising prices,...
Business
CMS report highlights five sectors with high growth in consumption
30 April 2024 7:22 AM GMT
Mumbai, April 29: The CMS Consumption Report 2024 has observed that media and entertainment, fast moving consumer goods (FMCG), railways, aviation, and durables are the five retail sectors with high consumption growth. Consumption is reaching the grass roots even as metros continue to hold sway...
Business
Indian EV firm BluSmart crosses Rs 500 crore in annual run rate in FY24
30 April 2024 7:18 AM GMT
New Delhi, April 30: Homegrown electric vehicle (EV) company BluSmart on Tuesday said it has crossed Rs 500 crore in annual run rate (ARR) in FY24, achieving 102 percent growth over the previous fiscal year. The company’s gross business value (GBV) delivered a compound annual growth rate (CAGR)...
Business
Chinese lucky number behind decision to launch Tesla robotaxi on Aug 8: Musk
30 April 2024 7:15 AM GMT
New Delhi, April 30: Elon Musk, who just visited China, said on Tuesday that he chose August 8 as the date to launch the robo taxi because 8/8 is a lucky number in that country. The shares of Tesla surged following reports that Musk has received approval to deploy the company’s Full Self Driving...
Business
Himansh Verma: Former 19 year old millionaire who built Navrattan a billion...
30 April 2024 7:14 AM GMT
New Delhi, April 30: In a ground breaking move, Himansh Verma, the visionary founder of Navrattan Group, headquartered in Mumbai, is set to revolutionise India's infrastructure. Hailing from Patiala, Verma rose to prominence as the youngest millionaire in India at the age of 19. Now 38, his...
Business
India's fiscal profile better placed to fight global economic shocks, says...
29 April 2024 11:12 AM GMT
New Delhi, April 29: India's fiscal profile has become structurally healthy amid better tax compliance, improved base and focus on quality spending, as per Emkay Global Financial Services. A healthy twin deficit shields India from massive emerging market shocks in case the global cycle turns...
Business
Waaree Energies seals 400 MW solar module supply deal with GIPCL
29 April 2024 11:02 AM GMT
Mumbai, April 29: Waaree Energies Limited announced on Monday that it has secured a 400 MW module supply order from Gujarat Industries Power Company Limited (GIPCL). The contract entails the comprehensive supply of solar PV modules incorporating advanced bifacial technology for the 2,375 MW RE...
Business
Govt to auction another 20 critical mineral blocks soon
29 April 2024 11:00 AM GMT
New Delhi, April 29: The government plans to put up another 20 odd critical mineral blocks for auction in the next round by the end of June, Secretary of the Ministry of Mines VL Kantha Rao said on Monday. He also said that the result of the auction process of seven critical mineral blocks held...
Business
India highlights PM-KUSUM solar scheme for farmers at World Energy Congress
25 April 2024 7:47 AM GMT
Rotterdam, April 25: India's Power Secretary Pankaj Agarwal highlighted the steps that the Narendra Modi government was taking to promote solar power in the country to help convergence towards the COP28 renewable energy and energy efficiency commitments at the ongoing 26th edition of World Energy...
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