NEWS
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.
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
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
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
.jpg "RBI keeps repo rate unchanged as focus remains on inflation")
RBI keeps repo rate unchanged as focus remains on inflation
05 Apr 2024
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at its meeting on Friday (5 April 2024) decided to keep the policy repo rate under the liquidity adjustment facility (LAF)
India flight-tests new generation ballistic missile Agni-Prime
05 Apr 2024
India’s Strategic Forces Command (SFC), along with Defence Research and Development Organisation (DRDO), on Wednesday conducted a successful flight-test of Agni-Prime, a new generation ballistic missile.
IIT Bombay teams up with Tata Memorial Hospital to launch gene therapy for cancer
05 Apr 2024
President of India, Droupadi Murmu, on Thursday launched India’s first home-grown gene therapy for cancer at IIT Bombay. The technology developed by Indian Institute of Technology, Bombay (IIT-B) jointly with the Tata Memorial Hospital, has already been successfully applied on a 64-year-old man, who also became the first patient to be cured using India's own CAR-T cell therapy.
N-power key to India achieving net-zero emission level: IIM report
05 Apr 2024
Decarbonisation of India’s economy to net-zero level by the year 2070 would require substantial addition of nuclear power and renewable energy generation capacity.
British media group The Independent to acquire BuzzFeed’s UK operations
03 Apr 2024
British newspaper group The Independent is acquiring US-based online media BuzzFeed's operations in the UK and Ireland in a multi-year licensing deal, the companies announced on Thursday.
Xiaomi starts delivery of its smart car SU7
03 Apr 2024
Chinese smartphone maker Xiaomi has started delivery of its end-to-end connected smart car, SU7, on Wednesday.
Aditya Birla Fashion to list Madura Fashion as separate entity
02 Apr 2024
Aditya Birla Fashion and Retail Ltd (ABFRL), the fashion retail business of the Aditya Birla Group, plans to demerge Madura Fashion & Lifestyle to form a separate listed entity.
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