Economy News

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

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

Probe unfair, predatory practices by quick commerce platforms: AICPDF to CCI

The All India Consumer Products Distributors Federation (AICPDF), which represents 4 lakh distributors across the country, on Sunday said it has written to the Competition Commission of India (CCI) about unfair practices like predatory pricing by quick commerce players like Blinkit, Zomato, Swiggy, and others.

Oct 21, 2024

Indian stock market opens in green, Sensex rises 429 points; Led by Auto, IT and bank sectors

The Indian stock market opened in green on Monday as buying was seen in the auto, IT and PSU bank sectors.

Oct 21, 2024

Maldivian President decides to introduce India's UPI in Maldives

Maldivian President Mohamed Muizzu has decided to take the necessary steps to introduce India's Unified Payment Interface (UPI) in the Maldives.

Oct 21, 2024

Customers wearing face masks shop at a store of Lynden Park Mall in Brantford, Ontario, Canada, on June 12, 2020. The province of Ontario allowed most regions outside the Toronto and Hamilton areas to reopen more businesses on Friday during the COVID-19 o

Fashion, electronics drive festive season's sales, consumption on rise

As India kicked off online festive season sales, affordable fashion and premium electronics emerged as the top-performing categories, as private consumption surged especially in the rural parts of the country,

Oct 17, 2024

Bengaluru Airport City holds groundbreaking ceremony for 2 million sq ft business park

The Bengaluru Airport City Limited (BACL), a subsidiary of Bengaluru Airport City Limited (BACL), broke ground on Monday for its ambitious 2 million square feet Business Park, aimed at establishing Bengaluru as a global hub for Global Capability Centres (GCCs).

Oct 14, 2024

Enrollment for PM Internship Scheme kicks-off, youth to get Rs 5,000 per month

Over 1.55 lakh candidates sign up for PM Internship Scheme in just 24 hours

More than 1.55 lakh candidates have signed up for the newly launched PM Internship Scheme in just 24 hours, according to reports citing government sources.

Oct 14, 2024

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Economy News

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

Probe unfair, predatory practices by quick commerce platforms: AICPDF to CCI

Indian stock market opens in green, Sensex rises 429 points; Led by Auto, IT and bank sectors

Maldivian President decides to introduce India's UPI in Maldives

Fashion, electronics drive festive season's sales, consumption on rise

Bengaluru Airport City holds groundbreaking ceremony for 2 million sq ft business park

Over 1.55 lakh candidates sign up for PM Internship Scheme in just 24 hours

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