CPSEs posted 57% increase in gross revenue, 27.5% rise in net profit in FY21-23

India's central public sector Lenterprises logged 57 percent growth in gross revenue and 27.5 per cent growth in net profit between 2020-21 and 2022-23 and an exponential growth in procurement in Government e-Marketplace from Rs 7,035 crore in 2020-21 to Rs 133,720 crore in 2023-24 (upto November 2023), according to the Department of Public Enterprises.

'Plane fleet increased from 400 in 2014 to 644 aircraft in 2023'

The Indian Civil Aviation sector is witnessing a rapid expansion of fleet with the number of aircraft increasing from 400 in 2014 to 626 in 2022 and now reaching 644 in 2023.

SEBI plans auction of 5 companies' properties on 22 Jan

The Securities and Exchange Board of India (SEBI) announced plans to conduct an auction on January 22 for 13 properties belonging to five companies.

Hospo sector looks to tap opportunities in underserved Indian mkt

With the pandemic's grip loosening, domestic travel takes center stage, boosted by global events like India's G20 Presidency and the men's cricket World Cup in 2023.

India's alcoholic beverages exports set to surpass $1 billion mark in next few yrs

India's alcoholic beverage exports are poised to exceed USD 1 billion in the coming years due to a rising global demand for spirits, as stated by a senior government official on December 21.

FM meets Banga, calls for World Bank to lead progress on MDB reforms

Finance Minister Nirmala Sitharaman on Wednesday called upon the World Bank to take the lead in advancing the recommendations contained in Volume-I of the reports of the G20 Independent Experts Group prepared under the G20 Presidency, as well as the recommendations in Volume-II for bigger, better and bolder multilateral development banks.

NOV RETAIL INFLATION HITS 7.37% FOR FARM WORKERS, 7.13% FOR RURAL LABOURERS

All-India Consumer Price Index for agricultural labourers in November this year increased 12 points to 1,253, while the index for rural workers advanced 11 points to 1,262

MUMBAI LEADS MAHARASHTRA WITH 8 OF 11 NEW COVID-19 CASES

In response to rising COVID-19 cases in multiple states Kerala, Delhi, Goa, Gujarat, and KarnatakaUnion Health Minister Dr. Mansukh Mandaviya chaired a high-level meeting on Wednesday with top officials and chief health secretaries.

HC criticizes non-compliance with SOP in sexual offense cases

The Aurangabad bench of the Bombay High Court expressed dissatisfaction with the lack of adherence to the Standard Operating Procedure (SOP) for collecting and preserving evidence in cases of sexual offenses.

MAN ARRESTED FOR MISBEHAVING WITH KOREAN VLOGGER

A man has been arrested by Pimpri Chinchwad police of Pune district on tuesday for misbehaving with a Korean female vlogger, officials said. Police officials arrested the accused after a video of a korean female vlogger shooting on the streets of Pune went viral.

ALLAHABAD HIGH COURT BARS LAWYERS OR LITIGANTS FROM CARRYING INSIDE COURT PREMISES IN UP, ASKED JUDICIAL OFFICERS TO LODGE FIR IN CASE OF VIOLATIONS

The Allahabad High Court in the case Amandeep Singh State of U.P. Thru. Prin. Secy. Home Lko. And 2 Others observed that cases of persons who are carrying firearms inside court premises were on the rise.

Canada witnesses record-high population growth fuelled by 'international migration'

Canada has set a new record for population growth in the first nine months of the year, driven predominantly by international migration, surpassing the total growth seen in any other full year, including the remarkable figures from 2022, according to official data released on Tuesday by Statistics Canada.

India tops global remittance flows at $125 billion in 2023

In 2023, India emerged as the world leader in remittance inflows, recording an impressive $125 billion, according to a report by the World Bank. This significant achievement is attributed to various factors, including a strategic agreement between India and the UAE to promote the use of dirhams and rupees for bilateral trade.

GOYAL HOLDS BILATERAL WITH NEW ZEALAND TRADE MINISTER TO BOLSTER TRADE TIES

Ministers Piyush Goyal of Commerce and Industry and Todd McClay of New Zealand jointly acknowledged the significance of trade facilitation. They deliberated on strategies to streamline trade processes, diminish barriers, and foster a favorable environment for businesses and investors from both nations, as stated by the commerce ministry

Schneider electric's Hyderabad factory named WEF sustainability lighthouse

Schneider Electric, the leader in the digital S transformation of energy management and automation, today announced that its Hyderabad, India, factory has been recognized by the World Economic Forum as a Sustainability Lighthouse.

Google launches live view walking navigation in India 2024

Google Maps will launch address descriptors from India early next year, marking its first global launch from the country, a senior company executive said on Tuesday.

SMBC EXTENDS $120 MN LOAN TO AIR INDIA FOR A350-900 PURCHASE

Japan's SMBC lends $120 mn to Air India to buy A350-900 aircraft Air India borrows $120 million from Japan's SMBC to buy Airbus plane

Profits of unlisted corporate sector have weakened in post Covid era

Notwithstanding the more than 2x rise in profits (profit after tax, PAT) of listed companies in the last three years, the aggregate corporate profit has been largely stable to only slightly better. It means that the profits of the unlisted sector have actually worsened materially in the post-Covid period, as per a research by Motilal Oswal.

Delhi govt mulls Rs 5-10k fines on impounded vehicles

The Delhi government on the verge of formalising a policy for the release of overage vehicles impounded by the Transport Department, in line with Delhi High Court's directives.

FORD CANCELS SALE OF TAMIL NADU PLANT TO JSW GROUP

JSW Group had reached a definitive agreement to purchase the Ford facility for approximately $100 million; however, Ford canceled the arrangement because it is no longer seeking

Tata Boeing Aerospace delivers 250th fuselage for AH-64 Apache

Tata Boeing Aerospace Limited (TBAL) has reached a significant milestone by delivering the 250th fuselage for the AH-64 Apache attack helicopter from its cutting-edge facility in Hyderabad.

Blackstone sells 23.5% stake in Embassy REIT for Rs 7,100 crore

On Wednesday, Blackstone, the global investment firm, divested its complete 23.5% ownership in Embassy Office Parks REIT for approximately Rs 7,100 crore, as per insider information.

Israel Looks to India for thousands of construction Workers

A delegation of \"selectors\" from Israel visited India last week, and another senior team is set to depart for India next week. Their mission is to initiate the recruitment process for thousands of workers, addressing the acute shortage faced by Israel's construction industry, as stated by a senior executive from the Israel Builders Association on Wednesday.

UPI transactions soar by 118% in semi-urban, rural retail stores in 2023

The year 2023 witnessed a remarkable surge in United Payments Interface (UPI) transactions at retail stores in rural and semi-urban areas of India, reflecting a growing trend in the adoption of online payments in Tier-II cities.

INDIA TARGETS US-LEVEL ROADS INFRASTRUCTURE IN NEXT 5 YEARS: GADKARI

Nitin Gadkari, the Minister of Road Transport and Highways, has outlined an ambitious plan for India to match the road infrastructure standards of the United States within the next five years. The goal also includes efforts to alleviate congestion in metros, significantly reduce travel time, and minimize road accidents

Board of JTL Industries Greenlights Rs 1,200 cr investment proposal

JTL Industries Ltd said its board has approved an investment proposal of Rs 1,200 crore in the company’s arm JTL Tubes Ltd to set up a project in Maharashtra.

WOMAN ARRESTED IN RS 6,600 CR 'BITCOIN PONZI SCHEME' CRACKDOWN

The Enforcement Directorate (ED) has apprehended Simpy Bhardwaj, also known as Simpy Gaur, and seized three luxury cars along with jewelry in the latest action against the promoters of a ‘bitcoin ponzi scheme.’

13 NEW COVID CASES REPORTED IN MUMBAI AFTER MONTHS

Maharashtra recorded 13 new COVID-19 cases, all confined to Mumbai, marking the first instance of a two-digit figure in several months.

Elgar Parishad case: HC grants bail to Gautam Navlakha; stays order for 3 weeks

The Bombay High Court on Tuesday granted bail to activist Gautam Navlakha, arrested in the Elgar ParishadMaoist links case.

MUMBAI POLICE ARREST 2 FROM LUXURY CAR THEFT GANG; 5 CARS WORTH RS 1.5 CRORE RECOVERED

Two accused were apprehended by Mumbai’s Dindoshi Police for stealing luxury cars on demand and five vehicles worth Rs 1.5 crore were recovered from them, a press statement said.