Economy News

Adani Power's bid for KSK Mahanadi Power forces other bidders to raise offers

Adani Power logs 20 percent growth in continuing revenue at Rs 28,517 cr in H1 FY25

Adani Power on Monday reported 20 per cent growth (year-on-year) in continuing revenue at Rs 28,517 crore in the first half of this fiscal (HI FY25) and 10.8 per cent growth to Rs 13,465 crore in Q2 FY25.

Oct 28, 2024

Industry lauds Centre guidelines to curb misleading environmental claims by companies

Industry lauds Centre norms to curb misleading environmental claims by companies

Industry experts on Monday lauded the Department of Consumer Affairs for releasing new guidelines to curb "greenwashing" or misleading environmental claims by companies.

Oct 28, 2024

Price hike on festive items hits Deepavali sales in Chennai

Despite a surge in footfall at shopping malls and discount shops for the festive season, shopkeepers report a decline in sales volume across various stores in Chennai.

Oct 28, 2024

Indexation removal on real estate won't hike tax burden, has limited impact

Real estate developers raise Rs 12,801 crore via QIP route this year

Real estate developers in India raised Rs 12,801 crore via qualified institutional placements (QIPs) in the first nine months this year, which is over 17 per cent of the total QIP issuance across sectors at Rs 75,923 crore

Oct 28, 2024

PM Modi to inaugurate India's first private military aircraft plant in Gujarat tomorrow

Prime Minister Narendra Modi, along with his Spanish counterpart Pedro Sanchez, will inaugurate the Tata Advanced Systems Ltd's (TASL) Tata Aircraft Complex, which will produce the C-295 military tactical transport aircraft, in Gujarat's Vadodara.

Oct 27, 2024

EIB Global announces 300 million euro loan for Bengaluru suburban railway network

EIB Global to provide loan worth 300 million euros for Bengaluru suburban railway network

EIB Global, the arm of the European Investment Bank (EIB) for financing activities outside the European Union (EU), on Friday, announced it would provide a 300 million euro loan to build a new suburban railway network covering four dedicated rail corridors in Bengaluru.

Oct 26, 2024

Adani Power submits bid for KSK Mahanadi Power, forces competitors to revise bids

After Adani Power, which submitted a bid of Rs 12,500 crore for the acquisition of the KSK Mahanadi Power plant in Chhattisgarh, other bidders have revised their offers upwards and the final number could be much higher, according to reports.

Oct 26, 2024

India sees 74 pc drop in income disparity since AY15, direct tax collection highest in 14 years

India sees 74% drop in income disparity since AY15, direct tax collection highest in 14 years

There has been a cumulative 74.2 per cent decline in income disparity coverage for those earning up to Rs 5 lakh in India, showing that the continuous efforts of government are reaching the bottom of pyramid, leading to increase in income of 'lower income group' people, a new report has revealed.

Oct 26, 2024

Why FDI inflow remains sluggish despite dynamic economy? Ponders Nirmala Sitharaman

FDI is down from the PM Narendra Modi government's peak of 2.4 per cent in 2020 and considerably down from the all-time high of 3.6 per cent in 2008, which was Prime Minister Manmohan Singh's first term.

Oct 26, 2024

Sensex trades lower amid weak global cues

Sensex recovers day's losses partially, sheds 662 points amid persistent FII outflow

The Indian stock market closed with a big decline on Friday, as heavy selling was seen in all sectors, except pharma and FMCG.

Oct 25, 2024

Loan limit under PM Mudra Yojana raised to Rs 20 lakh from Rs 10 lakh

The limit of Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) has been enhanced from the current Rs 10 lakh to Rs 20 lakh in keeping with the announcement by Finance Minister Nirmala Sitharaman in the Union Budget 2024-25

Oct 25, 2024

Indian stock market opens flat as FII outflow continues

The Indian stock market opened flat on Thursday as buying was seen in auto, IT, PSU bank, financial services and pharma sectors during the early trade.

Oct 24, 2024

Petrol pumps in Rajasthan to remain shut from March 10-12 to protest high VAT

Lower petrol and diesel consumption, make transportation sustainable in India: Experts

As the enterprises strive to embed the environmental, social, and governance (ESG) framework into their core business model, industry experts on Tuesday said they are trying to make transportation in India more sustainable by lowering the consumption of petroleum and diesel.

Oct 22, 2024

'The clock has stopped ticking': Ratan Tata passes away at 86; PM Modi, Anand Mahindra, Harsh Goneka pay heartfelt tributes

Tata best business group in India, Ratan Tata was a humble figure: Mark Mobius

Terming Tata Group the best business group in India, global investor Mark Mobius on Monday recalled that he had met the (recently-deceased) Ratan Tata a few years ago and "despite being a titan of the Indian Industry, he was very humble".

Oct 21, 2024

India sees all-time high deal numbers in real estate sector in July-Sep

Foreign investors infuse $436 mn in India's real estate sector, 139 pc YOY increase in Q3 2024

Institutional investments in India's real estate sector witnessed an annual growth of 41 per cent in Q3 2024, reaching $0.96 billion.

Oct 21, 2024

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Economy News

Adani Power logs 20 percent growth in continuing revenue at Rs 28,517 cr in H1 FY25

Industry lauds Centre norms to curb misleading environmental claims by companies

Price hike on festive items hits Deepavali sales in Chennai

Real estate developers raise Rs 12,801 crore via QIP route this year

PM Modi to inaugurate India's first private military aircraft plant in Gujarat tomorrow

EIB Global to provide loan worth 300 million euros for Bengaluru suburban railway network

Adani Power submits bid for KSK Mahanadi Power, forces competitors to revise bids

India sees 74% drop in income disparity since AY15, direct tax collection highest in 14 years

Why FDI inflow remains sluggish despite dynamic economy? Ponders Nirmala Sitharaman

Sensex recovers day's losses partially, sheds 662 points amid persistent FII outflow

Loan limit under PM Mudra Yojana raised to Rs 20 lakh from Rs 10 lakh

Indian stock market opens flat as FII outflow continues

Lower petrol and diesel consumption, make transportation sustainable in India: Experts

Tata best business group in India, Ratan Tata was a humble figure: Mark Mobius

Foreign investors infuse $436 mn in India's real estate sector, 139 pc YOY increase in Q3 2024

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react