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Luxury housing surged to 41 pc of total sales in H1 2024 in India

Jul 6, 2024

New Delhi, July 6 (IANS) India's real estate market witnessed higher luxury housing sales in H1 2024 due to the robust economy and growing demand for luxury lifestyles.A new report from property consultant firm Knight Frank titled ‘India Real Estate: Residential and Office (January - June 2024),’ said that luxury residential sales surged in the…

RBI fines Punjab National Bank for breach of rules

Jul 6, 2024

Mumbai, July 6 (IANS) The Reserve Bank of India (RBI) said on Friday that it has imposed a penalty of Rs 1.32 crore on Punjab National Bank for non-compliance with regulations on ‘Loans and Advances – Statutory and Other Restrictions’ and…

Business

More foreign firms enlist to invest in India as infra projects fuel growth

Jul 6, 2024

New Delhi, July 6 (IANS) More large foreign manufacturers of heavy machinery used in the infrastructure sector figure in the list of more than 15,000 companies that have registered to set up units in the country during June, according to…

Business

Ola exits Google Maps, moves to in-house Ola Maps

Jul 6, 2024

New Delhi, July 6 (IANS) India's major ride-hailing company Ola has exited Google Maps and has shifted to its own Ola Maps for cab operations. Bhavish Aggarwal, co-founder and Chairman of the Ola group said that through this move, the…

Business

India records 15 pc jump in electricity generation for May amid scorching heat wave

Jul 6, 2024

New Delhi, July 6 (IANS) India’s electricity production went up by a robust 15.06 per cent to 167.55 billion units in May this year compared to 145.61 billion in the same month last year, as demand surged amid the scorching heat wave,…

Business

Atal Innovation Mission empowering innovators in Tier 2 & 3 cities: Director

Jul 6, 2024

New Delhi, July 6 (IANS) Atal Innovation Mission’s (AIM) Community Innovator Fellows (CIFs) programme is empowering innovators in Tier 2 and Tier 3 cities, said Dr. Chintan Vaishnav, Mission Director at AIM.He said this while delivering a…

Business

Startups, Global Capability Centres created 8 cr jobs in India in 5 years: Labour Secy

Jul 6, 2024

New Delhi, July 6 (IANS) Global Capability Centres (GCCs) and startups have emerged as major players in creating jobs in India.Together, these created about eight crore new jobs in the last five years, said Sumita Dawra, Secretary, Ministry…

Business

Mobile tariff hike: Centre responds to misleading claims

Jul 6, 2024

New Delhi, July 6 (IANS) The government has responded to misleading claims regarding recent mobile services tariff hike, saying with three private and one public sector players, the current mobile services market operates through the market…

Business

Centre notifies new Telecommunications Act provisions, focuses on spectrum utilisation

Jul 6, 2024

New Delhi, July 7 (IANS) The government on Friday notified another set of sections of the Telecommunications Act 2023, that came into effect with immediate effect.One major aspect that is being covered in the latest notification is the…

Business

June saw over 42 lakh new demat accounts amid bullish stock market

Jul 6, 2024

New Delhi, July 5 (IANS) As the Indian stock market keeps touching new highs amid a record bull run, over 42.4 lakh new demat accounts were opened in the month of June, the highest account opening rate since February. In May, 36 lakh new…

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