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India’s forex reserves scale two-year high of $636.1 billion

Mar 16, 2024

Mumbai, March 15 (IANS) India's foreign exchange reserves surged by a whopping $10.47 billion to scale a two-year high of $636.1 billion for the week ended March 8, the latest data released by the RBI on Friday showed. This is the biggest jump in the country’s forex kitty since the week ended July 14, 2023. In the previous reporting week, the…

Gadkari approves Rs 189 crore outlay for Mahakaleshwar Temple ropeway

Mar 15, 2024

New Delhi, March 15 (IANS) Union Minister for Road Transport and Highways Nitin Gadkari on Friday announced that an outlay of Rs 188.95 crore has been approved for the development, operation and maintenance of the existing ropeway between…

Business

Govt clears new E-vehicle policy to woo world’s top manufacturers

Mar 15, 2024

New Delhi, March 15 (IANS) The Central government has approved a scheme to promote India as a manufacturing destination so that e-vehicles (EV) with the latest technology can be manufactured in the country. Commerce Ministry on Friday…

Business

Paytm Payments Bank deadline: What is in store for millions of users, merchants after March 15

Mar 15, 2024

New Delhi, March 15 (IANS) As the Reserve Bank of India’s (RBI) deadline to put certain business restrictions on Paytm Payments Bank Limited (PPBL) ends on Friday, here are some key changes for millions of Paytm users and merchants that…

Business

Indian Railways rakes in record revenue of Rs 2.4 lakh crore in 2023-24

Mar 15, 2024

New Delhi, March 15 (IANS) India Railways has crossed the 1500 million tonnes freight loading mark and earned a record total revenue of Rs 2.4 lakh crore so far during the current financial year ending on March 31, according to official…

Business

Abu Dhabi-backed investment firm in talks to back OpenAI’s chip venture

Mar 15, 2024

San Francisco, March 15 (IANS) Abu Dhabi's state-backed AI investment company MGX is in early-stage discussions to invest in OpenAI's ambitious chip venture, a media report said on Friday. According to the Financial Times, citing sources,…

Business

Domestic airlines received 791 passenger complaints in Feb: DGCA report

Mar 15, 2024

New Delhi, March 15 (IANS) The number of domestic air passengers for the period from January to February this year soared to 257.78 lakh, against 246.11 lakh in the same period last year, said an official from aviation watchdog, Directorate…

Business

Centre approves Rs 699 crore project to double-lane Gujarat border highway

Mar 15, 2024

New Delhi, March 15 (IANS) Union Minister for Road Transport and Highways Nitin Gadkari on Friday announced the approval of a Rs 699.19 crore project for upgrading the Khokhra Gujarat Border – Vijayanagar – Antarsuba – Mathasur Road section…

Business

FMCG growth to remain in slow lane this year

Mar 15, 2024

New Delhi, March 15 (IANS) A report by Emkay Global Financial Services on Friday said that the corporate commentary on the Fast-Moving Consumer Goods (FMCG) sector has highlighted the muted demand setting prevailing in Q4FY24, which has…

Business

upGrad boosts domestic expansion with senior appointments

Mar 15, 2024

New Delhi, March 15 (IANS) Ronnie Screwvala-led upGrad on Friday announced the appointment of Shailesh Mahale (former Zepto) as Corporate HR Head and Kumar Anshu (former OLX Group) as Head of Human Resource for Working Professional, Study…