MeitY Secy: India should go up value chain in electronics components manufacturing
India should move up the value chain in the manufacture of electronics components from the present levels of 15 per cent, a top official of the Ministry of Electronics and Information Technology (MeitY) said on Tuesday. S Krishnan, Secretary Ministry of Electronics and Information Technology said that even at 15 per...
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India cannot do away with energy security to meet climate goals: Official
20 December 2023 | PTI -
Realty firm Nila Spaces sets up $1-mn fund for tech startups in real estate
20 December 2023 | PTI -
Rupee falls 9 paise to close at 83.19 against US dollar
20 December 2023 | PTI -
Nifty to rise 10 per cent in 2024; large caps will see faster growth: HDFC Securities
20 December 2023 | PTI -
SpiceJet shares jump nearly 8 per cent in intra-day trade; settle in positive territory
20 December 2023 | PTI -
RBI tightens norms to check evergreening of loans by lenders through AIFs
20 December 2023 | PTI -
Sensex, Nifty hit new record highs
20 December 2023 | PTI
Vedanta gets nod to raise up to Rs 3,400 crore via NCDs
Mining conglomerate Vedanta Ltd on Tuesday said a committee of directors formed by the company's board has approved raising up to Rs 3,400 crore through non-convertible debentures. The company will issue non-convertible debentures (NCDs) on a private placement basis in one or more tranhances. "The duly authorised Committee of Directors at its...
India star performer, contributing more than 16 per cent of global growth: IMF
Growing at a robust rate due to economic reforms in key sectors like digitisation and infrastructure, India has emerged as a star performer and is projected to contribute more than 16 per cent of the global growth, the International Monetary Fund said on Monday. “What we have been observing for quite...
AERA directs certain airport operators to withdraw additional charges levied on chartered flight operators
Regulator AERA has directed certain airport operators to withdraw additional charges being levied on chartered flight operators and the operators concerned are refunding the additional charges, according to the government. The Airport Economic Regulatory Authority (AERA) regulates and approves the tariff cap for ground handling services at major airports in the...
Gold rises `100; silver jumps `350
Gold prices rose Rs 100 to Rs 62,750 per 10 grams in the national capital on Monday amid strong cues in the overseas markets, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs 62,650 per 10 grams. Silver also jumped Rs 350 to Rs 77,950 per...
Storied US Steel to be acquired for more than $14 billion by Nippon Steel
US Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialisation, is being acquired by Nippon Steel in an all-cash deal valued at approximately USD 14.1 billion. The transaction is worth about USD 14.9 billion when including the assumption of debt. The price tag for US Steel is...
RBI board discusses prevailing economic, financial scenario
The Reserve Bank of India’s board on Monday reviewed the prevailing economic and financial scenario, including the challenges posed by geopolitical developments. The 605th meeting of the Central Board of Directors of Reserve Bank of India was held today in Ekta Nagar (Kevadia) under the Chairmanship of Governor Shaktikanta Das. “The board...
India needs 1,000 scrapping centres, 400 fitness test points: Gadkari
Union Road Transport and Highways Minister Nitin Gadkari on Monday said the country needs 1,000 vehicle scrapping centres and 400 automated fitness test centres. Launching ‘DigiELV’, Gadkari said the road ministry has so far approved 85 vehicle scrapping facilities across the country. “We need 1,000 vehicle scrapping centres in the country and...
