ESIC records 13.32% increase in subscribers addition to 22.53 lakh in July 2024: Labour ministry

The labour ministry in latest payroll date has said Employees’ State Insurance Corporation (ESIC) recorded a 13.32 per cent increase in subscribers addition to 22.53 lakh in July, 2024 compared to the figure of a year ago.  The latest payroll date showed that 19.88 lakh new subscribers were added in July 2023. According to it, … Read more

Centre to launch `BHASKAR` digital platform to boost startup ecosystem

 The government on Sunday announced to launch a ground-breaking digital platform aimed at strengthening the startup ecosystem in the country.  The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, is set to launch the ‘Bharat Startup Knowledge Access Registry’ (BHASKAR) initiative, under the Startup India programme. It is a … Read more

Car, bikes, and electronics sale surge due to heavy discounts by companies

After sluggish sales in the first five months of this fiscal, automobiles and consumer electronics companies saw some surge in demand due to discounts and promotional offers during the ongoing Ganesh Chaturthi and Onam festivals, multiple reports said.  "In view of festivals like Onam, Navratri, Diwali, and Dussehra, electronics, automobile and smartphone companies are offering … Read more

Adani Portfolio companies to supply 6,600 MW hybrid solar and thermal power to Maharashtra

Adani Green Energy Ltd (AGEL) and Adani Power Ltd (APL) have won the bid to supply 6,600 MW of hybrid solar and thermal power to Maharashtra, it was announced on Sunday.  Adani Green will sign a long-term power purchase agreement (PPA) with the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for the supply of 5,000 … Read more

India`s renewable energy journey to serve as model for other emerging economies

 As the world's largest democracy and a rapidly developing nation, India's renewable energy journey will serve as a model for other emerging economies navigating the path to sustainability, Pralhad Joshi, Union Minister of New and Renewable Energy, has said.  The country aims to achieve net-zero carbon emissions by 2070, focusing on renewable energy expansion, and … Read more

RBI`s forex reserves set to cross $700 bn sooner than expected in FY25

Despite global economic headwinds and deepening geopolitical uncertainties, the forex reserves are at record all-time high levels and are set to cross $700 billion in FY25 sooner than expected.  According to a latest note by global investment firm Jefferies, RBI's forex reserve is estimated to go up by a massive $53 billion to reach $700 … Read more