NEWS
Russia, China plan to counter dollar dominance with BRICS payment system
07 Mar 2024
Russia and China have proposed the setting up of an independent BRICS payment system using digital and blockchain technologies, in a move to end the dominance of US dollar in global payments.
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Accenture acquires Udacity, launches AI learning platform LearnVantage
07 Mar 2024
Accenture on Wednesday announced the acquisition of learning platform Udacity and the launch of an AI-focused learning platform, LearnVantage, as part of its capacity building efforts.
Govt reviews FDI policy on space sector
07 Mar 2024
The Government of India has amended the extant Foreign Direct Investment (FDI) policy in order to open up the on space sector for overseas investors.
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Vitol to acquire 35% of Saras from Morati family
06 Mar 2024
Dutch commodity group Vitol BV will acquire about 35 per cent of Saras SpA, a company engaged in the distribution of oil and gas products in Europe, from the Moratti family for €1.75 per share.
Ford to re-enter India with SUVs, hybrids and EVs: report
06 Mar 2024
Ford Motor, which exited India and sold its Gujarat plant to Tata Motors, is now all set to make a comeback with the launch of new car models, including SUVs and hybrid and electric vehicles
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RBI bars JM Financial from lending against shares
06 Mar 2024
Days after imposing restrictions on online payments banks Paytm and IIFL Finance, Reserve Bank of India (RBI) on Tuesday directed investment banker JM Financial
BHEL secures NTPC order for Rs9,500-cr super thermal project
06 Mar 2024
Bharat Heavy Electricals Ltd. (BHEL) has won a Rs9,500 crore order from NTPC Ltd for setting up Stage III of the Singrauli Super Thermal Power Project in Sonebhadra district of Uttar Pradesh.
Tata Motors to spin off commercial and passenger vehicle businesses
05 Mar 2024
Tata Motors on Monday announced plans to spin off its commercial vehicle and passenger vehicle divisions into separate businesses. This will be done by demerging the two divisions and merging each with related businesses, Tata Motors stated in a stock exchange filing.
Gross GST collection in February up 12.5% at Rs1,68,337 crore
05 Mar 2024
Gross revenue collection by way of Goods and Services Tax (GST) increased by 12.5 per cent year-on-year in February 2024 and stood at Rs1,68,337 crore. The increase in GST collection in February was marked by a 13.9 per cent increase in domestic transactions and 8.5 per cent increase in GST from import of goods.
Defence ministry approves Rs39,126-cr contract for domestic equipment makers
05 Mar 2024
The defence ministry on Friday signed five major contracts with local defence equipment manufacturers for capital acquisition worth a total Rs39,125.39 crore, as part of the government’s `Make-in-India’ initiative.
Indian Navy to commission MH 60R ‘Seahawks’ helicopter squadron
04 Mar 2024
The Indian Navy will on Wednesday commission INAS 34, a new squadron of the newly inducted MH 60R Seahawk multi-role helicopter at INS Garuda, Kochi.
Indian Navy to expand presence in Lakshadweep with new air base in Minicoy
04 Mar 2024
Indian Navy will, on Tuesday, commission INS Jatayu, a new air base for the Naval detachment in Minicoy, the southernmost island of Lakshadweep, in order to boost operational capabilities in the Indian Ocean Region.
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