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RBI sees India’s economy shifting from 7 to 8 per cent

Jun 19, 2024

Mumbai, June 19 (IANS) There is an increasing evidence of a trend upshift taking shape, which is shifting India's growth trajectory from the 2003-19 average of 7 per cent to the 2021-24 average of 8 per cent or even more, powered by domestic drivers, according to the RBI's June bulletin released on Wednesday. More recent indicators suggest that…

4 Adani ports make it to World Bank’s global ‘Container Port Performance Index’

Jun 19, 2024

Ahmedabad, June 19 (IANS) Adani Ports and Special Economic Zone Limited (APSEZ) on Wednesday said four of its ports have been featured in the prestigious 'Container Port Performance (CPP) Index 2023', developed by the World Bank and S&P…

Business

Coal stocks at power plants touch all-time high as production shoots up

Jun 19, 2024

New Delhi, June 19 (IANS) Despite extremely high peak summer demand for power, the coal stocks at thermal power plants exceeded a record 45 million tonnes (MT) as on June 16, 2024, which is 31.71 per cent higher compared to the same period…

Business

SBI board approves to raise up to Rs 20,000 crore via long-term bonds

Jun 19, 2024

New Delhi, June 19 (IANS) The State Bank of India (SBI) on Wednesday announced it would raise long-term bonds up to Rs 20,000 crore via a public issue or private placement during the ongoing financial year (FY25).In a stock exchange filing,…

Business

India Oil inks pact for biofuel joint venture with GPS Renewables

Jun 19, 2024

New Delhi, June 19 (IANS) Public sector giant Indian Oil Corporation announced on Wednesday that it has signed an agreement with GPS Renewables Private Limited to form a 50:50 joint venture company dedicated to advancing biofuel adoption…

Business

Croma reaches a milestone of 500 stores in India

Jun 19, 2024

Croma announces the opening of its 500th store, marking a significant milestone in the company’s growth and expansion journey.

Business

Samsung India Unveils 2024 Lineup of Odyssey OLED, ViewFinity and Smart Monitors With AI Powered…

Jun 19, 2024

Samsung, India’s largest electronics brand, today unveiled its 2024 lineup of Odyssey OLED gaming monitor, Smart Monitors and ViewFinity

Business

28 pc GST on gaming firms triggered a cascade of repercussions: Report

Jun 19, 2024

New Delhi, June 19 (IANS) The 28 per cent GST on skill-based online games has triggered a cascade of repercussions, including funding constraints, reduced growth trajectories, job losses, and heightened uncertainty across the sector, a…

Business

Sensex ends flat as Titan and Bharti Airtel top losers

Jun 19, 2024

Mumbai, June 19 (IANS) Indian equity indices closed flat on Wednesday as Titan, Bharti Airtel and Maruti Suzuki were top losers. During the trading hours, Sensex and Nifty made a new lifetime high of 77,851 and 23,664 respectively. This is…

Business

India’s seafood exports scale record high, US & China top buyers

Jun 19, 2024

New Delhi, June 19 (IANS) The quantity of India’s seafood exports touched an all-time high during the financial year 2023-24 with the USA and China emerging as the top importers, according to a Commerce Ministry statement released on…

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