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Indonesia opens investment in 60 new oil and gas blocks
Business

Indonesia opens investment in 60 new oil and gas blocks

Jakarta, Oct 29: The Indonesian government announced the opening of investment opportunities for 60 new oil and gas blocks across 14 regions. Ariana Soemanto, director of upstream oil and gas development at the Ministry of Energy and Mineral Resources, said in a statement on Monday that these blocks...
Diwali at stock market: Sensex jumps 848 pts, all sectors in green
Business

Diwali at stock market: Sensex jumps 848 pts, all sectors in green

Mumbai, Oct 28: Indian equity indices traded in the green on Monday in mid-session as buying was seen in heavy weights like ICICI Bank, M&M, IndusInd Bank, JSW Steel and Wipro, lifting the sentiment of the market after a five-day losing streak. At 1:02 p.m., Sensex was up 872 points or 1.10 per...
Centre critically examining Ola Electric’s claims over solving consumer complaints
Business

Centre critically examining Ola Electric’s claims over solving consumer...

New Delhi, Oct 28: Despite Ola Electric claiming that it has resolved 99.1 per cent of the 10,644 complaints filed with the Central Consumer Protection Authority (CCPA) regarding its poor after sales service, the Department of Consumer Affairs is critically examining responses filed by the Bhavish...
Fintech firm slice completes merger with North East Small Finance Bank
Business

Fintech firm slice completes merger with North East Small Finance Bank

Bengaluru, Oct 28: Fintech company slice and North East Small Finance Bank (NESFB) on Monday announced a successful completion of their merger, following the shareholder and regulatory approvals. The deal is the first of its kind, with a new-age finance company stepping in to rescue a licence bank....
CBDT extends deadline to file income tax returns by corporate to Nov 15
Business

CBDT extends deadline to file income tax returns by corporate to Nov 15

New Delhi, Oct 26: The Central Board of Direct Taxes (CBDT) on Saturday extended the deadline for filing income tax (I-T) returns by corporates by 15 days till November 15 for the assessment year 2024-25. The earlier deadline was October 31. The CBDT said in a circular that it has extended due date...
India, Germany collaborate to boost research in advanced materials
Business

India, Germany collaborate to boost research in advanced materials

New Delhi, Oct 26: Underscoring the commitment to foster cutting edge research that will drive innovation and address global challenges, India and Germany have signed a joint declaration to boost research and development in advanced materials. The exchange was held in the presence of Prime Minister...
Finance Minister Sitharaman expresses frustration with slow FDI inflow
Business

Finance Minister Sitharaman expresses frustration with slow FDI inflow

Washington, Oct 26: Union Finance Minister Nirmala Sitharaman on Friday expressed frustration with the slow crawl of foreign investments to India despite its textbook appeal as a dynamic and robust economy. "What is holding the investors back?" Sitharaman said responding to a question at a think...
Central govt employees to get additional compassionate pension after 80
Business

Central govt employees to get additional compassionate pension after 80

New Delhi, Oct 25: Central government pensioners aged 80 and older will qualify for an additional pension called compassionate allowance, according to a recent notification from the Department of Pension and Pensioners’ Welfare (DoPPW), under the Ministry of Personnel, PG and Pensions. DoPPW has...
‘ITU-WTSA 2024’ establishes India as key player in telecommunications industry
Business

‘ITU-WTSA 2024’ establishes India as key player in telecommunications industry

New Delhi, Oct 25: Through the use of technology, India has taken a great leap forward not only in terms of bridging the digital divide but also ensuring gender inclusion, the government has stressed. As the International Telecommunications Union World Telecommunication Standardization Assembly...
India
Business

India's data centre capacity will increase to 5,000 MW in next eight years:...

Mumbai, Oct 24: In the AI era, data centres are going to be a powerhouse for the tech ecosystem and India's data centres capacity will increase to 5,000 megawatts in the next seven or eight years, Yotta Data Services co-founder CEO and MD Sunil Gupta said on Thursday. Gupta said that India has grown...
German Chancellor Olaf Scholz heads to New Delhi for intergovernmental consultations
Business

German Chancellor Olaf Scholz heads to New Delhi for intergovernmental...

New Delhi, Oct 24: German Chancellor Olaf Scholz will arrive in New Delhi Thursday night for the 7th Intergovernmental Consultations (IGC) that will take place on Friday under the motto 'Growing Together with Innovation, Mobility and Sustainability'. Scholz, who had visited India twice last year for...
Indian D2C jewellery segment garners $103 mn in funding this year, surpasses US
Business

Indian D2C jewellery segment garners $103 mn in funding this year, surpasses US

Bengaluru, Oct 24: The Indian direct-to consumer (D2C) jewellery segment, with over 550 startups, has garnered $103 million in funding this year to date, according to a report on Thursday. In 2023, the D2C jewellery segment in India raised a total of $104 million, marking a 57 per cent increase from...
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