NEWS

IREDA granted `Navratna’ status

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

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

SJVN launches India’s first dual-purpose green hydrogen pilot project

29 Apr 2024

State-owned hydro-electric power company SVJN 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

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

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

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

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

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

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.

UltraTech buys India Cement’s grinding unit, ups production capacity by 3 million tonnes

UltraTech buys India Cement’s grinding unit, ups production capacity by 3 million tonnes

22 Apr 2024

Aditya Birla group company UltraTech Cement is acquiring a 1.1 million tonne grinding unit from India Cements for Rs315 crore. The acquisition of the grinding unit will add 3 million tonnes cement manufacturing capacity to UltraTech in Maharashtra - including 1.2 million tonnes at Parli and 1.8 million tonnes at Dhule.

TSMC to get $6.6 bn direct federal funding for Arizona chip project

TSMC to get $6.6 bn direct federal funding for Arizona chip project

11 Apr 2024

Close on the heels of US government offer of financial assistance to Intel for expansion and modernisation of its production lines in California, Taiwan Semiconductor Manufacturing Company (TSMC) also said it will receive up to $6.6 billion in direct funding from the US federal government for setting up a state-of-the-art semiconductor plant in Phoenix, its third unit in Arizona.

RBI delays implementation of currency derivatives trading norms

RBI delays implementation of currency derivatives trading norms

05 Apr 2024

Reserve Bank of India (RBI) has pushed back the implementation of its directions on currency derivatives trade from 5 April to 3 May 2024