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Samsung Chairman Lee mourns death of Hyosung honorary chairman

Mar 30, 2024

Seoul, March 30 (IANS) Samsung Electronics Chairman Lee Jae-yong on Saturday expressed condolences following the death of Hyosung Group Chairman Emeritus, Cho Suck-rai.Lee, accompanied by his mother Hong Ra-hee, paid his respects at the funeral altar for Cho at Severance Hospital in central Seoul around 2 p.m.His presence marked the first visit by…

‘Resilience of Indian stock market forced foreign portfolio investors to turn buyers’

Mar 30, 2024

New Delhi, March 30 (IANS) The resilience of the Indian stock market and the improving macros of the Indian economy forced the foreign portfolio investors (FPIs) to turn buyers in India, says V K Vijayakumar, Chief Investment Strategist,…

Business

Govt sets ball rolling for e-auction of 7 critical mineral blocks

Mar 30, 2024

New Delhi, March 30 (IANS) The Ministry of Mines has fixed May 16 as the last date for the sale of tender documents to bid in the e-auction for seven critical mineral blocks under the tranche III round. The deadline for the submission of…

Business

Foreigners net purchased record $11.7 billion shares in S. Korea in Q1

Mar 30, 2024

Seoul, March 30 (IANS) Foreigners net purchased over 15 trillion won ($11.7 billion) worth of local shares in the first three months of the year in South Korea, breaching the 15 trillion-won mark for the first time in history, data showed…

Business

Power sector experts hail collaboration between RIL & Adani Group for MP power project

Mar 30, 2024

Mumbai, March 29 (IANS) Power sector experts on Friday hailed the collaboration between the Mukesh Ambani-led Reliance Industries Limited (RIL) and the Adani Group headed by Gautam Adani following RIL’s move to pick up 26 per cent stake in…

Business

India’s policies to empower women take centre stage at G20 meet

Mar 30, 2024

Brasilia, March 29 (IANS) The second day of the G20 Employment Working Group (EWG) meeting here on Friday started with a special session dedicated to the follow-up of the implementation of commitments made during India’s G20 presidency…

Business

EV sales’ momentum slowing globally

Mar 29, 2024

New Delhi, March 29 (IANS) Electric vehicle sales' momentum is slowing globally, marquee global brokerage Goldman Sachs said. Europe, which has driven EV growth up to now, has shown signs of stagnation since the beginning of 2024. Goldman…

Business

India’s foreign exchange kitty rises for 5th week in a row

Mar 29, 2024

Mumbai, March 29 (IANS) India's foreign exchange reserves rose for a fifth straight week to touch the $642.63 billion mark as of March 22, according to RBI data released on Friday. The foreign exchange reserves went up by $140 million in…

Business

Revised CAR does not serve the interests of pilots, says FIP in letter to Civil Aviation Minister

Mar 29, 2024

New Delhi, March 29 (IANS) The Federation of Indian Pilots (FIP) has written to Civil Aviation Minister Jyotiraditya M. Scindia. alleging that the DGCA has amended the regulation for 'Consecutive Night Operation', and deleted the existing…

Business

Cho Suck-rai, honorary chairman of Hyosung Group, dies at 89

Mar 29, 2024

Seoul, March 29 (IANS) Hyosung Group Honorary Chairman Cho Suck-rai died of a chronic illness on Friday, sources said. He was 89.It has been seven years since he stepped down from the top management position in 2017 due to his advanced age…