K'TAKA EYES RS 1.4 LAKH CRORE INVEST YEARLY TO BOOST STATE ECONOMY

The state has garnered big-ticket investment proposals from prominent entities such as Foxconn, IBC, AMD, Qualcomm, Applied Materials, Marubeni, and Tata Technologies

LIC plans to set up office in GIFT City during FY24

Life Insurance Corporation Life (LIC) is planning to open office in GIFT International Financial Services Centre Gandhinagar (Gujarat) during the current fiscal to further its overseas business.

5% biogas blend to slash $1.17B in LNG imports: IBA report

The proposed 5 per cent blending of biogas with natural gas supplies in the country can cut LNG imports worth USD 1.17 billion annually, says a study by the Indian Biogas Association (IBA).

Foreign investors infuse Rs 90B in equities in Nov; inflow in debt at 6-yr high

Foreign Portfolio Investors (FPIs) resumed their position as net buyers in the Indian stock markets in November, injecting a substantial Rs 9,000 crore into the market.

India's emission intensity reduced by 33% between 2005-2019

India has successfully reduced its GDP emission intensity by 33% between 2005 and 2019, achieving this milestone 11 years ahead of schedule, according to a government report presented at the ongoing climate talks in Dubai.

Mkt-cap of 9 of 10 most valued firms up rs 1.30 trn

Last week witnessed a positive upswing in the stock market, reflected in the combined market valuation surge of Rs 1,30,391.96 crore among the top-10 most valued firms, excluding Reliance Industries. The BSE benchmark recorded a notable increase of 1,511.15 points or 2.29%.

INDIA'S ENERGY DEMAND TO DOUBLE BY END OF DECADE: MUKESH AMBANI

India, ranked as the world's third-largest energy consumer, is poised to witness a doubling of its energy requirements by the end of the decade, fueled by an unprecedented surge in economic growth, according to Mukesh Ambani, the country's wealthiest individual, on Saturday.

WIPRO CONSUMER CARE VENTURES LAUNCHES SECOND FUND WITH RS 250 CRORE CORPUS

Wipro Consumer Care – Ventures, the venture funding arm of Wipro Consumer Care and Lighting, on December 2 said it has launched the second fund with a corpus of Rs 250 crore. The Fund II will focus on investing in consumer startups in India and Southeast Asia, a company statement said.

COMMERCIAL COAL MINES RISE FROM 37% TO 11.9 MT IN NOVEMBER

The government on Saturday said coal production from captive, commercial coal mines registered a 37 per cent rise to 11.94 Million Tonnes (MT) in November. The coal output from captive, commercial coal mines was at 8.74 MT in November 2022-23.

India's tea production rises by 12.06% to 182.84 million kg

Tea production in the country increased by 12.06 per cent to 182.84 million kg in October this year as compared to 163.15 million kg in the corresponding month last year.

JIO AND TM FORUM OPEN FIRST INNOVATION HUB IN MUMBAI

TM Forum, the leading global alliance of telco and tech companies, and Jio, a subsidiary of Reliance Industries Limited, held the opening ceremony for the first TM Forum Innovation Hub, located in Mumbai, on Friday.

Dindoshi court adjourns bail hearing of RPF constable Chetan Singh to Dec 8

Dindoshi Sessions Court in Mumbai has postponed the hearing of bail application of a dismissed Railway Protection Force (RPF) constable, Officer Chetan Singh who is accused of killing three passengers and an assistant sub-inspector (ASI) of the RPF , court fixed the December 8 for next hearing.

MALEGAON COURT GRANTS BAIL TO SHIV SENA LEADER SANJAY RAUT

Malegaon (Maharashtra) court on Saturday granted bail to Shiv Sena (UBT) leader Sanjay Raut in a defamation case filed by state PWD and Nashik guardian minister Dada Bhuse.

ED FILES CHARGESHEET AGAINST AAP LEADER SANJAY SINGH

The Enforcement Directorate (ED) on Saturday filed a sup- plementary prosecution complaint (Chargesheet) against Aam Aadmi Party (AAP) leader Sanjay Singh and his alleged associate Sarvesh Mishra in a money laundering case related to the Excise policy case.

Omega Seiki Mobility inaugurates COCO service centre

Omega Seiki Mobility has inaugurated its companyowned-company-operated (COCO) service centre for their electric vehicles which is green energy powered so as to facilitate a sustainable future for EV users nationwide.

HONDA, TOYOTA, AND M&M WITNESS SUV SALES SURGE

India’s 31-day festive season went well for the automobile industry with SUVs offering growth acceleration.

PRE-VIBRANT SUMMIT EXPORTERS' CONFERENCE IN AHMEDABAD ON DEC 5 SET TO IGNITE GROWTH

In anticipation of the 10th edition of the Vibrant Gujarat Global Summit 2024, the Exporters’ Conference, themed ‘ExportEXCELerate: India’s Export Revolution for Viksit Bharat @ 2047,’ is slated to unfold here on Tuesday.

KROSS FILES RS 500 CRORE IPO PAPERS WITH SEBI

Kross Ltd — a specialist in manufacturing forging components for top OEMs — has filed preliminary papers with capital markets regulator Sebi to raise Rs 500 crore through an Initial Public Offering (IPO).

Tata Power acquires Bikaner, Neemrana transmission project

Tata Power on Saturday said it has acquired Bikaner-Neemrana Transmission Project through a bidding process. Bikaner-III Neemrana-II Transmission Ltd is a special purpose vehicle (SPV) set up by PFC Consulting, for the project.

INDIA, US AGREE TO STEP UP COOPERATION ON SEMI-CONDUCTORS, SUPPLY CHAIN, MINERALS

India and the US have agreed for closer engagement and cooperation on supply chain, semiconductors, pharma, critical minerals and energy during a review of the India-US CEO Forum which saw India and American industry leaders expressing deep commitment in expanding the bilateral commercial ties. The review will lay the groundwork for concrete initiatives to be unveiled at the upcoming CEO Forum meeting in early 2024.

INDIA'S MANUFACTURING PICKS UP GROWTH ON ROBUST ORDERS, AMID INFLATION WORRY

The Indian manufacturing industry picked up growth in November, after slowing in October, as output gathered pace on strengthening client demand, more favourable input supply and boost in production volumes.

GST collection at Rs 1,67,929 lakh crore in November 2023, highest growth of 15% y-o-y

The Government’s goods and services tax revenue collection for November 2023 has recorded the highest growth rate of 15 per cent year-on-year at ₹1,67,929 lakh crore, crossing the ₹1.60 lakh crore mark for the sixth time in FY 2023-24, on increased domestic activity and festive season buying.

LOW AGRI, SERVICES, PVT FINAL CONSUMPTION GROWTH A WORRY FOR ECONOMISTS, ANALYSTS

India’s double-engine fired growth of 7.6 per cent in the July-September quarter of FY2023-24 led by a stronger manufacturing and construction output growth (on the supply side) and on the demand side a robust pickup in fixed investment and government consumption amidst global conflicts, supply chain disruptions and economic slowdown has defied expectations with industry, analysts and experts clutching at various rationale behind this performance.

Amazon Pay introduces sign language video KYC service

Amazon Pay unveiled a groundbreaking video sign language Know Your Customer (KYC) service on Friday, catering specifically to customers with special needs.

Bombay High Court Ordered Department To Refund tax Deposited By HSBC Under protest

The Bombay High Court in the case The Hongkong and Shanghai Banking Corporation Versus Union of India observed and has ordered the department to refund the tax deposited by HSBC under protest

BMC successfully trials Gokhale bridge girder launch

The Brihanmumbai Municipal Corporation (BMC) achieved a successful trial launch of the first Open Web Girder (OWG) for the Gopal Krishna Gokhale bridge in Mumbai’s Andheri on Friday.

Man sentenced to 10 years RI for sexually assaulting six-year-old neighbour

A special court in Maharashtra’s Thane district has sentenced a man to 10 years of rigorous imprisonment for sexually assaulting a six-year-old girl.

ALLAHABAD HIGH COURT: PIL MOVED CHALLENGING THE ORDER OF UP GOVT'S REVISING WAGES OF PRISONERS

The Allahabad High Court in the case observed wherein the Public Interest Litigation, PIL is moved wherein challenging the order of Uttar Pradesh Government’s revising the wages of prisoners.

INDIA PRESENTED EXCELLENT EXAMPLE OF BALANCE BETWEEN ECOLOGY, ECONOMY": PM MODI

Prime Minister Narendra Modi highlights India's exemplary balance between ecology and economy at COP28, emphasizing commitment to NDC targets and urging global climate action

FMCG giants boost ad budgets to drive volume growth

Major FMCG players are ramping up their advertising and promotional (A&P) expenditures to drive volume growth, responding to heightened competition from smaller regional brands, according to analysts.