NEWS
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PM inaugurates Surat Diamond Bourse
18 Dec 2023
Prime Minister Narendra Modi on Sunday inaugurated the Surat Diamond Bourse, which he claimed to be the world’s largest and the most modern centre for international diamond and jewelry business.
The government contemplates the termination of the FAME subsidy for electric two-wheelers
18 Dec 2023
In a recent report by the Times of India (ToI), it has been indicated that the government is unlikely to continue subsidies for electric two-wheelers as the provisions for the same are set to expire in a few weeks.
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Adani to sell 49% stake in Ennore container terminal to MSC arm
18 Dec 2023
Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday announced a strategic partnership with Terminal Investment Limited (TiL), the container terminal operating and investing arm of Mediterranean Shipping Company (MSC), for the operation of Adani Ennore Container Terminal Pvt Ltd (AECTPL).
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Tipplers rejoice, India’s `Indri’ is the world’s finest whisky!
18 Dec 2023
India’s `Make-in-India’ push has achieved another first – the country can now boast of the world’s finest single malt whisky. `Indri,’ made by Piccadily Distilleries, has been named this year’s best single malt whisky.
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Goldman Sachs predicts early policy easing by banks in India and Australia following the Federal Reserve's lead
18 Dec 2023
In a surprising turn of events, central banks across the Asia-Pacific region, from India to Australia, are poised to initiate interest rate cuts earlier than initially projected, influenced by the Federal Reserve’s hastened easing cycle, as suggested by Goldman Sachs Group Inc.
Govt to provide financial incentives to local shipbuilders
17 Dec 2023
The government has introduced a scheme to offer financial assistance for Indian shipyards for securing orders from domestic as well as overseas markets and to remain competitive in the market, union minister for ports, shipping and waterways, Sarbananda Sonowal informed the Lok Sabha in a written reply on Friday.
Adani takes control of news agency IANS with 50.5% stake
16 Dec 2023
Adani Group firm AMG Media Networks has acquired a 50.50 per cent stake in news agency Indo-Asian News Service Pvt Ltd (IANS), expanding the group’s presence in the media sector.
India’s installed power capacity to reach 900.42 GW by FY32
16 Dec 2023
The Central Electricity Authority (CEA) has projected addition of a total 517,403 Mega Watts (517.40 GW) installed power generating capacity in India, which will take the country’s installed capacity to a total 900.42 GW by 2031-2032.
Ola’s Bhavish Aggarwal unveils multilingual AI chatbot `Krutrim’
16 Dec 2023
Ola co-founder Bhavish Aggarwal on Friday unveiled a multilingual AI chatbot model, called `Krutrim’, designed and manufactured by Krutrim Si Designs, his artificial intelligence venture.
Centre allows ethanol production from sugarcane juice, B-heavy molasses
16 Dec 2023
A week after prohibiting the use of sugarcane juice and sugar syrup for making ethanol, following industry pressure, the government on Friday reversed its decision and allowed the use of the juice as well as B-heavy molasses for producing the bio-fuel.
Defence ministry inks Rs5,336-cr contract with BEL for electronic fuses of artillery guns
16 Dec 2023
Ministry of defence on Friday signed a contract with Bharat Electronics Ltd (BEL), Pune for procurement of electronic fuses for artillery guns, involving total expenditure of Rs5,336.25 crore for the government over a 10-year period.
SBI hikes MCLR-based interest rates, makes retail loans costlier
16 Dec 2023
The State Bank of India (SBI) on Friday announced a 5-10 basis points increase in its marginal cost of fund-based lending rate (MCLR) for select tenors.
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