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97.87 pc of ₹2000 banknotes have now been returned: RBI

Jul 1, 2024

Mumbai, July 1 (IANS) The Reserve Bank of India (RBI) on Monday said that 97.87 per cent of the ₹2000 banknotes that were in circulation as of May 19, 2023, when their withdrawal was announced, have now been returned. The total value of ₹2000 banknotes in circulation has declined to ₹7581 crore at the close of business on June 28, 2024, from ₹3.56…

Our tech, R&D can help India’s green supply chain grow multifold: Australian envoy

Jul 1, 2024

New Delhi, July 1 (IANS) The green energy sector in India has taken off well under Prime Minister Narendra Modi’s government and Australian companies, with their top-notch technologies and research and development (R&D) expertise, can…

Business

RBI inks pact to link UPI with 4 ASEAN countries for instant cross-border retail payments

Jul 1, 2024

Mumbai, July 1 (IANS) Reserve Bank of India (RBI) on Monday announced that it has now joined Project Nexus with the four ASEAN countries to create a platform to facilitate instantaneous cross-border retail payments. Nexus, conceptualised…

Business

Mahindra logs 11 pc growth in overall auto sales for June at 69,397 units

Jul 1, 2024

New Delhi, July 1 (IANS) Automaker Mahindra & Mahindra (M&M) on Monday announced that its overall auto sales for June stood at 69,397 vehicles, a growth of 11 per cent, including exports.In the Utility Vehicles (UV) segment, the…

Business

Indian Public Cloud services market to reach $24.2 billion by 2028: IDC

Jul 1, 2024

New Delhi, July 1 (IANS) The overall Indian Public Cloud Services (PCS) market is expected to reach $24.2 billion by 2028, growing at a compound annual growth rate (CAGR) of 23.8 per cent, a report showed on Monday.The revenue from Indian…

Business

SK Group chairman meets with CEOs of Amazon, Intel

Jul 1, 2024

Seoul, July 1 (IANS) SK Group Chairman Chey Tae-won has met with leaders of global tech giants, including Amazon and Intel, to discuss ways to broaden business cooperation in artificial intelligence (AI) semiconductors, his company said on…

Business

Video telematics startup Cautio raises Rs 6.5 cr led by Antler, other investors

Jul 1, 2024

New Delhi, July 1 (IANS) Video telematics startup Cautio on Monday announced a pre-seed raise of Rs 6.5 crore led by Antler, 8i Ventures and AU Small Finance Bank.The funding round, a mix of equity and debt, also saw participation from…

Business

India’s manufacturing activity surges in June, hiring at 19-year high

Jul 1, 2024

New Delhi, July 1 (IANS) India's manufacturing activity picked up momentum in June on the back of rising consumer demand leading to the fastest rate of hiring in 19 years, according to HSBC's final India Manufacturing Purchasing Managers'…

Business

Samsung Heavy wins $1 billion order for 4 LNG carriers

Jul 1, 2024

Seoul, July 1 (IANS) South Korean shipbuilder Samsung Heavy Industries said on Monday it has won a 1.4 trillion-won ($1 billion) order to build four liquefied natural gas (LNG) carriers for a Middle Eastern shipper.The vessels will be…

Business

Zomato receives fresh Rs 9.45 crore GST demand notice

Jun 30, 2024

New Delhi, June 30 (IANS) Online food delivery platform Zomato has received a fresh Goods and Service Tax (GST) demand notice for about Rs 9.45 crore with interest and penalty. The company said in a stock regulatory filing that the demand…

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