India would soon become the third largest economy in the world, Union Information and Broadcasting, Railways, and Electronics and Information Technology Minister Ashwini Vaishnaw said on Tuesday. The minister reeled out the growth rates compiled in the IMF’s World Outlook report which shows that India is the fastest-growing economy in 2024 with a growth rate … Read more
The RINL, the corporate entity of the Visakhapatnam Steel Plant, on Tuesday, signed a memorandum of understanding with Indian Oil Corporation Ltd (IOCL) for the supply of hydraulic and lubricating oils and greases for a period of 5 years from 2024 to 2029. The MOU will ensure an uninterrupted and continuous supply of lubricants … Read more
The Centre on Tuesday approved four startups in the field of technical textiles with a grant of Rs 50 lakh each, along with new courses in various applications. The eighth empowered programme committee (EPC) meeting under the National Technical Textiles Mission in the national capital also approved a grant of nearly Rs 20 crore to … Read more
Zydus Lifesciences is currently trading at Rs. 1134.20, up by 20.35 points or 1.83% from its previous closing of Rs. 1113.85 on the BSE. The scrip opened at Rs. 1147.05 and has touched a high and low of Rs. 1156.45 and Rs. 1128.05 respectively. So far 38036 shares were traded on the counter. The BSE … Read more
Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a likely September rate cut. Spot gold fell 0.4% to $2,514.11 per ounce by 0313 GMT. Bullion hit a record high of $2,531.60 on Aug. 20. U.S. … Read more
Adroit Infotech is currently trading at Rs. 20.78, up by 0.42 points or 2.06% from its previous closing of Rs. 20.36 on the BSE. The scrip opened at Rs. 21.16 and has touched a high and low of Rs. 21.88 and Rs. 20.50 respectively. So far 54648 shares were traded on the counter. The BSE … Read more
Indian rupee weakened against the US dollar on Wednesday, driven by a muted trend in domestic equities and firm American currency at overseas markets. Meanwhile, investors are remained cautious and await the release of key US inflation report later in the week, which might provide insights on size of a likely September rate cut. However, … Read more
Showing strong growth, the bilateral trade between India and the Gulf Cooperation Council (GCC) countries reached 162 billion dollars last year, the government has said. The GCC now contributes 15 per cent of India's total trade and sectors like energy, defence, security and health are growing in the region, according to Aseem P. Mahajan, Joint … Read more
Germany's conglomerate ZF Group is going to invest 2 billion euros (approximately Rs 18,750 crore) in the next six years to expand its business in India across various sectors including auto components, wind gearboxes, construction and agricultural machinery. With large investments, the company aims to increase its sales in India to 3 billion euros … Read more
The Union Government has enhanced its capital expenditure on infrastructure projects such as roads, railways and airports from Rs 1.97 lakh crore (1.6 per cent of GDP) in FY2014-15 to Rs 11.1 lakh crore (3.4 per cent of GDP) in FY2024-25, according to credit rating agency Moody's report. Consequently, India's infrastructure development has seen unprecedented … Read more