The Andhra Pradesh government is working to create an ecosystem for Information Technology companies with the target of providing five lakh jobs in the sector over the next five years, Minister for Education, IT, and Electronics Nara Lokesh said on Thursday. He told the Assembly during question hour that the Tata Consultancy Services (TCS) will … Read more
Tata Power and the Asian Development Bank (ADB) have signed an MoU, coinciding with the ongoing Climate Conference (COP29) at Baku, Azerbaijan, to evaluate financing for its several strategic projects aimed at enhancing India’s power infrastructure and promoting renewable and clean energy, the company announced on Thursday. The MoU outlines the evaluation of financing for … Read more
India’s annual fish production has nearly doubled since 2014 to 17.5 million tons, with inland fishing now surpassing marine fishing, contributing 13.2 million tons, Union Minister of Fisheries, Animal Husbandry & Dairying Rajiv Ranjan Singh alias Lalan Singh said on Thursday. In his address here to celebrate World Fisheries Day 2024, the minister said that … Read more
The FIIs as per Thursday's data were net sellers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 16282.06 crore against gross selling of Rs 18199.77 crore. Thus, FIIs stood as net sellers of Rs 1917.71 crore in equities. In the debt … Read more
Union Minister for Heavy Industries and Steel H.D. Kumaraswamy has said that India is rapidly advancing towards becoming the world’s 5th largest economic power with the steel industry playing a central role in this transformation. Speaking at the Indian Institute of Metals (IIM) awards ceremony in Bengaluru on Thursday, the Minister said, “Under the leadership … Read more
Union Commerce and Industry Minister Piyush Goyal on Thursday urged the industry to utilise Rs 1 lakh crore Anusandhan National Research Foundation (ANRF) fund to foster innovation and create a research-based ecosystem in the country. The talented youth should also be tuned to the mindset of experimenting and developing new ideas under this government … Read more
Indian equity indices closed in the red on Thursday as sentiment around the globe was weakened due to rising tensions between Russia and Ukraine. The domestic market faced renewed pressure due to escalating tensions in the Russia-Ukraine conflict and heightened nuclear concerns, according to market experts. At closing, Sensex was down 422 points or … Read more
The slack in speed observed in the Indian economy during the second quarter of 2024-25 is behind us as private consumption is back to being the driver of domestic demand with festival spending lighting up real activity in Q3, according to the RBI’s monthly bulletin for November. The report points out that rural India … Read more
Hyundai Motor India Limited (HMIL) on Thursday announced to set up two renewable energy plants in Tamil Nadu with an investment of Rs 38 crore. The automaker will establish a 75 megawatt (MW) solar plant and a 43 MW wind power plant in the state with Fourth Partner Energy Limited (FPEL), to cater to the … Read more
Revenue of consumer durable manufacturers in India is projected to rise 11-12 per cent this fiscal (FY25), continuing the healthy run after a strong 13 per cent growth last fiscal, according to a report on Thursday. A Crisil Ratings report said this will ride on rising adoption of consumer durable financing, which supports the trend … Read more