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India’s poverty level has fallen below 5%: NITI Aayog CEO

Feb 26, 2024

New Delhi, Feb 26 (IANS) The latest household consumer expenditure survey indicates that India's poverty level has fallen below 5 per cent and people are becoming more prosperous both in the rural and urban areas, NITI Aayog CEO B.V.R. Subrahmanyam said on Sunday.The per capita monthly household expenditure more than doubled in 2022-23 as compared…

Shree Cement receives Income Tax demand of Rs 261 crore

Feb 26, 2024

New Delhi, Feb 25 (IANS) Shree Cement has received an assessment order against the demand of Rs 261.88 crore from the Income Tax department.The company has received assessment order on February 24 passed under section 143(3) of Income Tax…

Business

Vietnam’s EV firm Vinfast breaks ground for its facility in India

Feb 25, 2024

New Delhi, Feb 25 (IANS) Vietnam's leading electric vehicle (EV) manufacturer VinFast on Sunday broke ground for its first integrated EV manufacturing facility in India. The company will be setting up the plant in Thoothukudi, Tamil…

Business

NIFTY scales new heights, expect Sensex to follow this time around

Feb 25, 2024

Mumbai, Feb 25 (IANS) Markets were on a roll last week and even though there was extreme volatility, they continued their upward march. NIFTY has made a new high this week effectively on every trading session. However, the BSESENSEX has…

Business

TN CM lays foundation stone for VinFast’s Rs 4,000-cr EV factory

Feb 25, 2024

Chennai, Feb 25 (IANS) Tamil Nadu Chief Minister M.K. Stalin on Sunday laid the foundation stone for the first phase of Vietnam's VinFast group’s electric vehicle (EV) plant in Tuticorin. The Vietnam group’s Indian arm VinFast Auto India…

Business

Aadhaar, Jan Dhan giving big push to digital India ecosystem: Instamojo’s CEO

Feb 25, 2024

New Delhi, Feb 25 (IANS) As the government rapidly adopts and moves forward in its digital journey, D2C (direct-to-consumer) tech company Instamojo's co-founder and CEO Sampad Swain on Sunday said that Aadhaar and Jan Dhan Yojana have given…

Business

I’m still the CEO, management remains unchanged: Byju Raveendran

Feb 25, 2024

New Delhi, Feb 24 (IANS) Edtech company Byju’s founder Byju Raveendran on Saturday refuted reports of being fired from the company, saying such rumours were greatly exaggerated and he remains at the helm. In an email sent to employees and…

Business

Mould your biz plans as per India’s stupendous growth: Ashwini Vaishnaw to entrepreneurs

Feb 25, 2024

New Delhi, Feb 24 (IANS) Union IT and Railway Minister Ashwini Vaishnaw has advised entrepreneurs to mould their business and strategic plans according to the tremendous growth India is going to witness in the next 10 years.Addressing the…

Business

Democratisation of commerce-driven technology in India stands out, says global investment firm KKR

Feb 25, 2024

New Delhi, Feb 24 (IANS) India’s e-commerce industry will look quite different, and more democratised, than what has unfolded in both the United States and China, said Henry H. McVey, Head of Global Macro & Asset Allocation, CIO,…

Business

Adani Group, Uber to form JV to help expand fleet on green energy?

Feb 24, 2024

New Delhi, Feb 24 (IANS) In a thrust to the government's green energy goals, the Adani Group and Uber may soon announce a joint venture (JV) to help the global ride-hailing major expand its fleet that runs on alternative and renewable…

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