CATEGORIES

Adani Ent announces public issuance of secured NCDs to raise up to ₹800 cr

Adani Enterprises Ltd (AEL) the flagship company of the - on Thursday Adani Group announced the public issuance of secured non-convertible debentures to raise up to Rs 800 crore.

Reliance aims to double retail biz in next 3-4 yrs

The country's leading retailer, Reliance Retail, which crossed the Rs 3 lakh crorerevenue mark in FY24, is aiming to double its business in the next 3-4 years, Reliance Industries Director Isha Ambani said on Thursday while addressing the company's AGM.

'Domestic, int'l airlines showing large interest in Noida airport'

Domestic and international airlines have expressed a large interest for Noida airport, which is expected to be operational by the end of April 2025.

Govt lifts cap on sugar diversion for ethanol production starting November

The government on Thursday permitted use of sugarcane juice and sugar syrup for ethanol production in the 2024-25 ethanol supply year (ESY), reversing last year's ban.

RIL will join top 30 most-valued global cos' list: Mukesh Ambani

Reliance Industries Ltd will join the league of the top 30 most-valued companies in the world in the near future, with its fast-growing telecom and retail businesses poised to double their revenues and operating profit over the next three-four years, Chairman Mukesh Ambani said.

Reliance to add 1.5 mtpa PVC, CPVC units by 2026-27

Reliance Industries Ltd plans to add 1.5 mln tn per annum of poly vinyl chloride and composite poly vinyl chloride capacity at Dahej and Nagothane by the year (Apr-Mar), 2026-27 Chairman Mukesh Ambani said on Thursday.

Jio bets on AI, eyes doubling of revenue in 3-4 years; Jio users to get 100 GB free cloud

Placing big bets on AI and deep tech, RIL Chairman Mukesh Ambani on Thursday announced up to 100 GB of free cloud storage for Jio users and expects the company to double revenues over 3-4 years, a move that will set the path for a possible demerger and listing in future.

Ambani unveils growth roadmap for RIL, co to double in size by 2030

Billionaire Mukesh Ambani on Thursday unveiled the next phase of growth at Reliance Industries Ltd, with retail and telecom worth over USD 100 billion each, doubling revenues and pretax profit in 3-4 years, new energy business becoming profitable by 2031, and core oil and chemical business continuing to be the robust growth engine.

DBS survey: Empowering finance teams vital for success in India's rapidly evolving market

A comprehensive, global study entitled ‘Pivotal: How treasury and finance enable a new era of globalisation’ conducted by DBS reveals the growing strategic influence that treasury and finance teams have on the long-term future of the business.

Moody's ups India's 2024 GDP growth forecast to 7.2%

Moody's Ratings on Thursday raised India's GDP growth forecast for 2024 and 2025 calendar year to 7.2 per cent and 6.6 per cent, respectively, strong broad-based on growth.

Final guidelines on project loans likely in 2-3 months: RBI official

The final project loan guidelines are likely to be announced in the next two to three months, a senior RBI official said on Thursday.

E-comm payments to surge by 23.8% in 2024

India's e-commerce market is poised for rapid growth, with forecasts predicting a 23.8 er cent surge in 2024, according to a leading data and analytics company GlobalData.

'Industry came forward for rules on small, medium REITS

Sebi chief Madhabi Puri Buch on Thursday said there has been a positive response to small and medium REITs (real estate investment trusts) and industry players came forward for regulations on such entities.

UPI transactions likely to touch 100 bn mark in next 10 years, says NPCI chief

The country's Unified Payments Interface (UPI) has the potential to touch 100 billion transactions in the next 10-15 years backed by credit growth, according to Dilip Asbe, CEO of National Payments Corporation of India (NPCI).

Recent uptick in NPAs not as worrying as in 2010: Ashima Goyal

The recent slight increase in bad loans in some segments in the banking system is not \"so worrying\" as it was in 2010, said Ashima Goyal, professor at the Indira Gandhi Institute of Development Research.

Finmin lowers public float to 10% for cos listing on IFSC bourses

The finance ministry has reduced the minimum public float requirement to 10 per cent from 25 per cent in a bid to attract companies to list on stock exchanges at IFSC, Gandhinagar.

Sensex, Nifty hit all-time high levels on rally in RIL shares

Mkts extend winning momentum to 8th day in a row

Village women protest over a teen's suicide

A 15-year-old girl from the Rajwada area of Deolali village tragically committed suicide after enduring persistent harassment from a local youth.

Extortion case worth ₹31L filed

A shocking case of extortion involving a husband being defrauded by his wife and her relatives has come to light.

Rotary donates tricycle shops

The Rotary Club of Aurangabad West, Praveen Masalewale Trust and Rotary Club of Pune Downtown have jointly donated 10 tri-cycle shops to the disabled in a function held at Hap International School in the Chikalthana area.

Rebellion in the party will be prevented, Shinde Jr asserts

The chief minister's son held the review meeting of the party in Jalgaon at a hotel and expressed confidence in the party's work

CS Nagar will emerge as India's EV hub: Nadiger

\"With the significant investment in the electric vehicle (EV) sector in Chhatrapati Sambhajiangar, the city has the potential to emerge as the country's electric vehicle hub\", opined CH Nadiger, the head of the Western Region of the Engineering Export Promotion Council (EEPC) India.

Talathis observe strike condemning murder

The protesting talathis have demanded the strictest punishment for the culprit accused of killing their colleague

Solapur Airport gears up for its operations

The Ministry of Civil Aviation (MoCA) chaired a detailed meeting on Wednesday to review the pending issues regarding Solapur Airport in Maharashtra, Union Minister of State for Civil Aviation Murlidhar Mohol said.

Tower cell thief nabbed

Pune Police have arrested a man for stealing batteries valued at ₹5.70 lakh from various mobile companies' towers.

Wadettivar slams Chandrakant Patil

Leader of the Opposition Vijay Wadettiwar criticised BJP leaders for their connections with the local goons and insulting the police machinery of Maharashtra.

Bank of Maharashtra launches its Supreme Court branch

Bank of Maharashtra has launched its state-of-the-art branch within the premises of the Supreme Court of India.

Cops crack down on Dahi Handi mandals for lasers

Police Commissioner Amitesh Kumar inspected Ganeshotsav preparations in the city and security arrangements

Guv advises 1hr reading for all students

Maharashtra Governor CP Radhakrishnan on Wednesday suggested the students dedicate an hour daily to reading a printed book to refresh their minds and gain new knowledge.

26-year-old jumps into Kandivali quarry, dies

A 26-year-old man was found dead in a quarry in Kandivali East on Wednesday evening.