CATEGORIES

Birla's Opus paints set to disrupt India's paints sector

Birla expressed confidence in the paint business's portfolio, stating that it is at par or ahead of the market leader across segments. He also emphasized the opportunity for innovation in the paint sector, citing India's per capita paint consumption of 3.5 kg compared to the global average of 10 kg.

Sugar stocks sour on higher cane price, Govt raises FRP

In the morning trading session on Thursday, shares of sugar companies witnessed a downturn of up to 3 per cent following the government's announcement of a hike in the minimum price payable to sugarcane growers for the upcoming 2024-25 season starting October.

South academics tackle WASH & climate links

A significant academic gathering, the Global South Academic Conclave on WASH (Water, Sanitation and Hygiene) and Climate Linkages, took place from 2nd to 4th February 2024 at CEPT University, Ahmedabad. Hosted by the Center for Water and Sanitation (CWAS) at CRDF, in collaboration with the Faculty of Planning at CEPT and the Bill and Melinda Gates Foundation, the conclave attracted over 350 academics and professionals from 30 countries. Additionally, 700 participants joined virtually, contributing to discussions on the intersection of water, sanitation, hygiene, and climate change.

Assam bill, up to 5 years' jail for evil practices

The Assam government has introduced a new legislation, the 'Assam Healing (Prevention of Evil) Practices Bill, 2024,' in the state assembly to combat non-scientific healing practices with malicious intentions aimed at exploiting innocent individuals and undermining public health.

BIHAR COLLECTS ONLY 52% OF TARGET IN FEB

The Mines and Geology department urges crackdown on illegal mining as revenue from mines and minerals sees significant rise, from Rs 1,082.72 crore in 2017-18 to over Rs 3,000 crore in 2022-23

Govt appoints non-executive chairmen for Bank of India, IOB, Uco Bank

In a recent move aimed at bolstering governance and leadership within the Indian banking sector, the government has announced the appointment of new non-executive chairpersons at three of its leading public sector banks. MR Kumar, the former chairman of the Life Insurance Corporation of India (LIC), who played a pivotal role in the insurance giant's capital market debut, has been named the non-executive chairman of the Bank of India. His tenure at LIC, which concluded in mid-March of the previous year, was marked by significant milestones and growth for the institution.

Over 200 BrahMos to arm Indian Navy in Rs 19,000 crore deal

In a significant development for India's maritime defense capabilities, the Cabinet Committee on Security has sanctioned the procurement of over 200 BrahMos extended-range supersonic cruise missiles, designed for deployment across the Indian Navy's warship fleet. This landmark decision, involving a contract estimated at approximately Rs 19,000 crore, underscores India's commitment to bolstering its naval prowess and strategic deterrence.

Consortium considers using LNG ships for gas storage in India

In a strategic move to bolster India’s LNG infrastructure and meet the burgeoning energy demand, a Japanese-Indian consortium is exploring the possibility of converting two LNG tankers into floating storage and regasification units (FSRUs). These units, each with a capacity of 138,000 cubic meters, are poised to play a pivotal role in enhancing the South Asian nation’s capacity to import and process liquefied natural gas (LNG).

South Indian Bank raises ₹1,151 cr

In a significant move to South Indian Bank announced a rights issue aimed at raising Rs 1,151.01 crore, leading to a notable surge in its share price.

INDIA'S BUSINESS BOOMS WITH STRONGEST GROWTH IN 7 MONTHS

In a significant development from Bihar, the Mines and Geology department of the state government has raised concerns over the shortfall in revenue collections from the mining sector for the financial year 2023-24. As of February 14, 2024, the department has managed to collect only Rs 1,896.43 crore against the set target of Rs 3,662.39 crore, marking a mere 51.78 percent achievement of the goal.

Airport outlet salesman arrested in Rs 2 cr gold smuggling operation

Customs officials at the airport successfully dismantled a gold smuggling racket on Monday, leading to the arrest of an employee working at a cellphone service outlet situated on the premises.

Bus attendant arrested for alleged molestation of school students during picnic

A 27-year-old bus attendant, employed by a private bus arranged by a picnic organizer, was apprehended on Wednesday for allegedly molesting several school students during a picnic trip.

LOGICKNOTS IS PREPARED TO TAKE SEMICONDUCTOR EDUCATION TO NEXT LEVEL WITH NSDC AND IIT GUWAHATI'S SUPPORT : HEMANT VATS

Logicknots India Private Limited, an Indian startup has forged a strategic alliance with the NSDC(National Skill Development Corporation) and IIT (Indian Institute of Technology) Guwahati, marking a major move in enhancing education and skill development in semiconductor IC design education.

FALI S NARIMAN: THE COURT ROOM GENIUS

Fali S Nariman, the legal luminary whose courtroom arguments resonated with power and clarity for over six decades, breathed his last on February 21, 2024, leaving an indelible mark on the Indian legal landscape.

Violence claims more lives in Pakistan in 2023

In a stark revelation, Pakistan experienced a distressing surge in violence throughout the year 2023, with a total of 1,524 fatalities and 1,463 injuries resulting from 789 terror attacks and counter-terror operations, according to a comprehensive annual security report by the Centre for Research and Security Studies (CRSS).

UK PUBLICATION PREDICTS BJP TRIUMPH IN 2024 ELECTORAL SHOWDOWN

BJP's victories in key state assemblies, especially the saffron sweep, set the stage for Prime Minister Modi's potential third consecutive term, as noted by columnist Hannah Ellis-Peterson

BluSmart partners with Tata Power subsidiary for Green Power agreement

Indian electric vehicle (EV) ride-hailing and charging infrastructure network BluSmart on Wednesday announced that it has signed a multi-year Power Purchase Agreement (PPA) with Tata PowerTrading Company Limited (TPTCL), a subsidiary of Tata Power, to source green power.

Raymond surges 7% with first project launch beyond Thane

Raymond's share price rose over 7 percent on February 21, a day after the group's real estate arm Raymond Realty announced the launch of its first project outside Thane \"The Address by GS, Bandra'.

Zee Denies Rs 2,000 cr accounting 'Hole' report as 'False'

Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday refuted the report which said that the Securities and Exchange Board of India (Sebi) has found that about Rs 2,000 crore may have been diverted from the company.

Paytm shares surge, hits upper circuit again at Rs 395

Shares of One97 Communications which owns Paytm brand hit the upper circuit for the fourth consecutive session on Wednesday.

RELIANCE INDUSTRIES TO LAUNCH AI MODEL IN MARCH

Themodelis being developed in collaboration with Indian Institute of Technology universities and is backed by Reliance Jio Infocomm Ltd

Irdai to introduce collaterals for reinsurance transactions with CBRs

The Insurance Regulatory thority (Irdai) is planning to introduce collaterals for reinsurance transactions with Cross Border Reinsurers (CBR).

Medplus falls 2% as board delays diagnostics division expansion plan

Shares hares of Medplus Health Services dipped 4 per cent in intra-day deals after the company's board decided against its approved fundraising plan.

Tea companies grapple with higher wage costs and lower prices

Higher wage costs and lower price realisation weighed on the performance of tea companies in the three- and nine-month period ended December 31.

INDIAN RAILWAYS CONSIDERS BREAKING UP NEW DELHI RAILWAY STATION REDEVELOPMENT

The tender for the redevelopment of New Delhi railway station has been withdrawn for the fourth time. The Railway Land Development Authority

India's AI market projected to soar to $17 billion

India's artificial intelligence (AI) market is poised to reach $17 billion by 2027, according to a joint report released by IT industry body Nasscom and consulting firm BCG. The report, which studied AI-powered technology in the country, forecasts a steady annualized growth rate of 25-35% between 2024 and 2027.

UK, Canada CAs may practice in India

The Institute of Chartered (ICAI) has proposed to the government the possibility of allowing chartered accountants from the United Kingdom and Canada to practice in India on a reciprocal basis. This move, if implemented, would mark the first time that overseas chartered accountants would be permitted to practice in India.

India eyes Brics currency without China

The central government to explore the feasibility of a proposal for a common currency arrangement within the Brics framework, comprising Brazil, Russia, India, China, and South Africa.

Infrastructure tenders boom, but highway projects stall

Tendering activity in the sector Ten infrastructure surged to record levels in January 2024, reaching Rs 20,500 crore, driven by a robust increase in tender issuances from key entities such as the Maharashtra State Road Development Corporation (MSRDC) and the National Highways Authority of India (NHAI), according to JM Financials.

INDIAN BANKS' RUSH FOR CLIENTS SET FOR RECKONING AFTER PAYTM FIASCO

Indian regulators are cracking down on financial sector fraud, exemplified by the suspension of Paytm's banking affiliate, signalling tougher oversight and enforcement measures to come