CATEGORIES

Hinduja closing in on Rs 4k cr deal for Reliance capital buyout

The Hinduja Group is currently in advanced discussions with non-banking financial company 360 One Prime (formerly IIFL Wealth Prime) to secure a loan of Rs 4,000 crore. This funding will be used to partially finance the group's acquisition of Reliance Capital, a company formerly under the helm of Anil Ambani, through bankruptcy proceedings.

Godrej properties acquires Hyd land for Rs 3,500 cr housing project

Realty firm Godrej Properties Ltd on Wednesday said it has bought 12.5-acre land in Hyderabad to develop a housing project having Rs 3,500 crore revenue potential.

BILLIONAIRE BIRLA'S HINDALCO BIDS FOR CRITICAL MINERALS LEASES

The government will sell rights to about 20 blocks of land to explore for metals including rare earths and molybdenum in a process valued at Rs 45,000 crore ($5.4 billion).

SIDBI boosts Nagaland entrepreneurs with Rs 100 cr

The Small Industries Development Bank of India (SIDBI) has forged an agreement with the Nagaland government, pledging an investment of over Rs 100 crore towards entrepreneurship projects in the northeastern state. SIDBI, serving as the apex regulatory body for micro, small, and medium enterprise (MSME) finance companies in India under the Ministry of Finance, aims to foster entrepreneurship and economic development in Nagaland.

16th Finance Commission holds 1st meeting, seeks wider parleys with states

The 16th Finance Commission (XVI-FC) on Wednesday discussed its ‘terms of reference’, notified by the Ministry of Finance, as it held its first meeting under the Chairmanship of Arvind Panagariya. The XVI-FC’s recommendations, upon acceptance by the Government, would cover the period of five (5) years commencing 1 April, 2026.

Delhi electrifies its fleet, 350 more e-buses join the roads

In a significant move towards combating air pollution and promoting eco-friendly transportation, Delhi Lieutenant Governor V K Saxena, Chief Minister Arvind Kejriwal, and Transport Minister Kailash Gahlot jointly flagged off 350 electric buses in the capital on Wednesday.

Defense Ministry inks ₹2,269 cr deal with Bharat Electronics

The Defence Ministry has sealed a significant deal worth Rs 2,269 crore with Bharat Electronics Limited (BEL) for the acquisition of 11 Shakti warfare systems, accompanied by necessary equipment, as per an official statement. This procurement, falling under the Buy (Indian- IDDM) category, encompasses the acquisition of Shakti Electronic Warfare Systems tailored for the Indian Navy.

1,800 ACRES EARMARKED FOR 11 NEW RESIDENTIAL SECTORS IN HARYANA

HSVP has designated land parcels totalling 1,845 acres across Gurugram, Sohna, Pataudi, and Farrukhnagar for residential sector development

Finance Ministry flags need for insuring against climate risks

Climate change induced recurring set of hazards have repeatedly put people and businesses at high risk of lost assets, health, livelihoods, or even lives, with global economic losses from disasters due to natural hazards in 2022, amounting to USD 275 billion, observes a Finance Ministry note on Wednesday. However, financial coping mechanisms, such as insurance schemes, could boost resilience against such hazards as data over the past decade shows annual global insured catastrophe losses have accounted for an average of more than USD 100 billion peaking in 2017 with a payout of more than USD 154 billion. At USD 125 billion, insured losses covered 45 per cent of the damage, says the concept note.

WPI INFLATION EASES TO 0.27 % IN JAN '24 LURED BY COOLER FOOD PRICES

The January WPI eased from 0.7 per cent in Dec 2023, largely led by the WPI-food and core (manufactured non-food products) items which remained in the deflationary zone for the 11th straight month, according to ICRA Ratings.

IT FIRM CHAIRMAN LODGES RS 15 CR CHEATING CASE AGAINST ANOTHER COMPANY'S MD

The chairman of a Mumbai-based IT conglomerate, currently undergoing insolvency proceedings, has filed a criminal complaint against the managing director of another Maharashtra-based IT company, accusing them of swindling Rs 15 crore under the pretense of a substantial investment.

22-YEAR-OLD MAN KILLED AS GOONS ATTACK HIM WITH PAVER BLOCKS

Tragedy struck on Khairani Road, Sakinaka, when a 22-year-old man lost his life after three assailants on a motorcycle brutally attacked him with paver blocks following a roadside argument on Sunday.

EMPLOYEE OF GOLD HALLMARKING COMPANY ACCUSED OF STEALING ORNAMENTS WORTH RS 72.9 L

The owner of a gold hallmarking company in Parel has filed a complaint with the Kalachowkie police, alleging that one of his employees has absconded with ornaments valued at Rs 72.9 lakh.

SUPREME COURT ISSUED NOTICE ON PLEA CHALLENGING UGC'S LIMITATIONS ON NUMBER OF TIMES CANDIDATE CAN CONTEST | STUDENTS UNION ELECTIONS

The Supreme Court in the case Naveen Prakash Nautiyal And Ors. v.

Supreme Court Quashed Defamation Case Against Tejashwi Yadav Over 'Gujarati Cheats' Remarks After He Withdraws Statement

The Supreme Court in the case Tejashwi Prasad Yadav v. Hareshbhai Pranshankar Mehta observed and has quashed the complaint of criminal defamation filed against the former Deputy Chief Minister of Bihar Tejashwi Yadav over alleged 'Gujarati hi thag hai ho sakta hai, only Gujaratis can be cheats' remark made by him during a media address.

PUNJAB AND HARYANA HIGH COURT: EFFORTS SHOULD BE MADE TO SOLVE THE PROBLEM STATES, SHOULD IDENTIFY AREAS TO PROTEST | FARMER PROTEST

The Punjab and Haryana High Court in the case Uday Pratap Singh v. U0l and Ors observed in the ongoing protest by farmers who are statedly marching towards Delhi in demand of a law guaranteeing MSP.

Dark Patterns: Shining a light on consumer protection in the digital age

The consumer landscape has been irrevocably altered by the digital revolution. E-commerce platforms have become ubiquitous, offering unparalleled convenience and access to goods and services. However, within this online marketplace, a shadowy element lurks: dark patterns. These are deceptive design tactics employed by platforms to manipulate users into making unintended decisions - often, to their detriment.

IMF ED KV Subramanian praises India's GST revenue and robust GDP growth

Executive Director of the International Monetary Fund (IMF) and former Chief Economic Advisor to the Government of India, KV Subramanian, has commended India's robust economic indicators, particularly highlighting the impressive GST (Goods and Services Tax) revenue collection in November 2023.

HIMALAYAS NEED HELP, COP28 TALKS MUST RESPOND, SAYS U.N. CHIEF GUTERRES

Almost 240 million people depend on the glaciers and 10 major rivers, such as Indus, Ganga, and Brahmaputra, originating in the Himalayas.

UAE, Kazakhstan ink deals for 1GW renewable energy capacity

The governments of the United Arab Emirates and the Republic of Kazakhstan today signed an agreement outlining a commitment to cooperation in the development of Kazakhstan's renewables sector, including through the development of a large-scale wind power project with a 1 GW capacity.

JSW steel forms JV with Japanese firm for steel production in India

JSW Steel on Tuesday announced establishing a 50:50 joint venture (JV) with JFE Steel Corporation Japan for producing in India a kind of steel used in the production of energy-efficient transformers.

COLLIERS TO BUILD $10M AI, TECH HUB FOR INFIBEAM AVENUES IN AHMEDABAD

The Alandtechnology hubwill feature a symbiotic framework, fostering enhanced synergy within the ecosystem

Pepe jeans teams up with Algonomy for advanced analytics

Pepe Jeans, the renowned fashion and denim brand with deep ties to the dynamic culture of Portobello since 1973, is thrilled to unveil its strategic partnership with Algonomy.

Data shows price rise below 5.1% in most states and UTS

Those living in Delhi, Madhya Pradesh, and Kerala took a smaller hit from inflation in January than the national print.

BIS Norms hinder expansion of Foreign luxury shoe brands in India

European luxury brands, including Louis Vuitton and Christian Dior, continue to face hurdles in penetrating the Indian market over the Centre's call to apply mandatory Bureau of Indian Standards (BIS) for imported footwear, Livemint reported.

BUDGET UNVEILS 'PM SURYA GHAR: MUFT BIJLI YOJANA' ROOFTOP SOLAR PROGRAM

This scheme at the grassroots, Urban Local Bodies and Panchayats shall be incentivised to promote rooftop solar systems

India watershed moment - Vishwa Guru for Spiritualism, Tourism and Now capitalism: Rakesh Nangia

The interim budget went through its motions highlighting how the govt will work its policies to reduce fiscal deficit from 5.8 percent in fiscal 2024 to 4.5 percent of GDP in fiscal 2026. It’s been a tightrope walk reducing the fiscal deficit by around 3 percent from the Covid highs cheering taxpayers as they contribute to record tax collections through voluntary tax compliance and some targeted enforcement.

Unemployment rate drops to 6.5% in OctDec: PLFS

According to government data released on Monday, India’s urban unemployment rate for individuals aged 15 years and above witnessed a decline during the October-December 2023 period, dropping to 6.5 per cent from 7.2 per cent in the same period the previous year.

India boosts coal imports by 27 per cent in December

India's coal import saw a significant surge in December, rising by 27.2 percent to reach 23.35 million tonnes compared to the same period in the previous fiscal year.

APEDA logs $26.7 bn shipments with 12% CAGR to 200+ countries in FY23

The Agricultural and Processed Food Products Export Development Authority (APEDA), is planning trial shipments of mangoes and pomegranates to the USA and the European Union using strategic development of protocols tailored for sea transport which helps to optimise the export process for promising fresh fruits.