NEWS
RBI asks lenders to be fair and transparent in dealing with borrowers
30 Apr 2024
Reserve Bank of India (RBI) has asked lenders to be transparent in their dealings with borrowers and show fairness while charging interest on loans, even as they enjoy complete freedom in the pricing of loans.
Chevron, Hess expect to complete merger this year despite dispute over Guyana oil bloc
30 Apr 2024
US multinational oil and gas company Chevron Corporation and its lesser peer Hess Corporation are reported to be going ahead with their planned merger despite arbitral proceedings launched by Exxon Mobil Corp over the ownership of Stabroek oil block in Guyana.
Elon Musk secures Baidu-Tesla deal on self-driving vehicles: report
30 Apr 2024
Tesla CEO Elon Musk is reported to have clinched a key deal with Chinese car maker Baidu for collaboration in self-driving vehicles, clearing the way for incorporating advanced assisted driving technology in Tesla vehicles.
IREDA granted `Navratna’ status
29 Apr 2024
State-owned Indian Renewable Energy Development Agency (IREDA) has been granted 'Navratna' status by the Department of Public Enterprises, the company stated in a stock exchange filing on Friday.
Chinese industrial goods accounted for 30% of India’s 2023-24 imports: GTRI report
29 Apr 2024
China's share in India's industrial goods imports jumped to 30 per cent in 2023-24 from 21 per cent over the 15-year period between 2008-09 and 2023-24, as per a report published by Global Trade Research Initiative (GTRI).
SJVN launches India’s first dual-purpose green hydrogen pilot project
29 Apr 2024
State-owned hydro-electric power company SJVN Ltd on Thursday launched a green hydrogen pilot project for combined generation of heat and power at its 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh.
China's Chery to make cars in Spain, Thailand
23 Apr 2024
Chery Auto, China’s state-owned automobile manufacturer, is expanding overseas with a joint venture deal with Spanish company Ebro-EV Motors and a production facility in neighbouring Thailand.
ASML charts major expansion in Netherlands with new facility in Eindhoven
23 Apr 2024
ASML, the world’s largest supplier of computer chip making equipment and the largest technology player in the Netherlands, is planning a major expansion with the opening of a major facility in the Dutch city of Eindhoven, employing around 20,000 people.
Elon Musk to visit India as govt tweaks FDI rules for space sector as well
23 Apr 2024
Elon Musk, CEO of tech enterprises Tesla, SpaceX, Starlink and X, has confirmed his India visit next week after the Indian government notified amendments to foreign investment rules in space sector, allowing 100 per cent FDI in satellite-related ventures.
CCI to engage agency for launching market study on AI
23 Apr 2024
Competition Commission of India (CCI) has proposed to launch a market study to understand the ecosystem around Artificial Intelligence (AI) and its transformative influence on the market.
Vodafone Idea’s follow-on share offer subscribed 5.4 times
23 Apr 2024
Vodafone Idea’s Rs18,000-crore follow-on public offer (FPO) of equity shares managed to attract subscription for as many as 6.349 billion shares, against the 1.260 billion shares on offer, as the FPO closed for subscription on Monday.
India’s FY24 direct tax mop-up exceed revised estimates by Rs13,000 cr
23 Apr 2024
Net direct tax collection in India increased by 17.70 per cent to an estimated Rs19.58 lakh crore in the 2023-24 financial year, compared to Rs16.64 lakh crore in the previous financial year, provisional figures released by the finance ministry show.
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