CATEGORIES

DPIIT RECOGNISES 117,254 STARTUPS IN DEC 2023

Sustained efforts by the Government to build a strong ecosystem for nurturing innovation have led to a substantial increase in the number of startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) to 1,17,254 as on 31 December 2023.

INDIAN TOY INDUSTRY IMPORTS DECLINE 52%, EXPORTS RISE 239% IN FY23

A conducive manufacturing ecosystem created by the Government for the toy industry has resulted in 52 per cent decrease in overall import of toys and 239 per cent increase in exports of toys from FY 2014-15 to FY 2022-23, Minister of State for Commerce and Industry Som Parkash informed Rajya Sabha.

SBI Life inaugurates branch in Ayodhya, encourages locals to pursue aspirations

SBI Life Insurance, one of the most trusted life insurers in the country, marked a significant milestone with the inauguration of its branch in the popular city of Ayodhya in Uttar Pradesh.

EV sales up in 2023, Govt gives Rs 5,790 crore subsidy

The sale of electric vehicles has registered a growth of 49.25 per cent during the last calendar year, 2023 and the Government has given subsidy amounting to Rs 5790 crore to EV manufacturers on sale of 13,41,459 number of EVs under phase-II of the Faster Adoption and Manufacturing of (Hybrid) Electric Vehicles (FAME) scheme.

RELIANCE POWER Q3 RESULTS: NET LOSS RISES TO RS 1,136.7 CRORE ON HIGH EXPENSES

Reliance Power Ltd on Saturday reported widening of its consolidated net loss to Rs 1,136.75 crore during the quarter ended December 2023, due to increased expenses.

BUDGET PUSHES FOR CAPEX OF RS 11.1 TRN, 3 RAIL CORRIDORS

Finance Ministers’ governance, development performance mantra.

Closure of Shivaji Park swimming pool due to green water raises health concerns

The civic-run swimming pool at Shivaji Park Dadar was shut down on Thursday evening following complaints of the water turning an unusual shade of green.

Fadnavis meets Nadda: 'Gaon Chalo' outreach campaign takes center stage in Maharashtra

In a crucial development, Maharashtra Deputy Chief Minister Devendra Fadnavis met with BJP national president J P Nadda in Delhi on Thursday night, focusing on strategy discussions for the upcoming Lok Sabha polls.

'INFLATION, UNEMPLOYMENT, FARMERS' SUICIDES NEGLECTED IN INTERIM BUDGET": MAHA CONGRESS

The Maharashtra Congress has voiced its dissatisfaction with the interim budget presented by Union Finance Minister Nirmala Sitharaman, asserting that it overlooks vital issues such as inflation, unemployment, farmer suicides, and the country’s substantial debt.

SUPREME COURT ASKS TO 6 MAHARASHTRA POLICE OFFICERS TO PAY RS 6 LAKHS COST TO TENANTS WHO WERE ILLEGALLY EVICTED

The Supreme Court in the case Shatrughna Atmaram Patil And Ors Versus Vinod Dodhu Chaudhary and Anr observed and has imposed the cost amounting to Rs. 6 lakhs on six police personnel of the Maharashtra Police for conspiring and illegally detaining tenants while coercing them to sign documents against the will of them, and demolishing the premises in question without any order from a competent court.

US approves $3.99B sale of MQ-9B aircraft to India

The US State Department has made a determination approving a possible Foreign Military Sale to the Government of India of MQ-9B Remotely Piloted Aircraft and related equipment for an estimated cost of USD 3.99 billion, US Department of Defence (US DOD) said.

Tata, Pegatron discuss iPhone assembly in Tamil Nadu

Tata Group is in advanced talks with Taiwan’s Pegatron to form a partnership to run an iPhone assembly plant the Indian company is building in the southern state of Tamil Nadu, two sources with direct knowledge of the matter said on Thursday.

Mustard production dip in Raj likely for 2023-24 season

Traders in Rajasthan, India’s largest mustard-producing state, are anticipating a decline in production for the upcoming 2023-2024 crop season.

Centre to sell 'Bharat Rice' at Rs 29/kg in retail

The Centre said on Friday it will sell ‘Bharat Rice’ in the retail market at Rs 29 per kg from next week to give relief to the common man and has also directed traders to disclose rice and paddy stock as part of its efforts to control prices that have risen by around 15 percent in the last year.

IMFSAYS ASIA TO CONTRIBUTE TWOTHIRDS OF GLOBAL GROWTH IN 2024

Krishna Srinivasan, Director of the IMF's Asia and Pacific Department, stated that Asia is poised to contribute two-thirds of global growth in 2024, mirroring its performance in 2023

PAYTM CEO PRIORITIZES STRINGENT COMPLIANCE AHEAD OF TECHNOLOGICAL ADVANCEMENTS

Vijay Shekhar Sharma, Founder and CEO of One97 Communications, the parent firm of fintech major Paytm, says the company will focus on compliance as a primary approach

3 RAIL CORRIDORS TO COST RS 11 TRN, ADD 40K KM OF TRACKS: RLY MIN VAISHNAW

The national transporter is expected to have an operating ratio of 98.7% in FY 2024-25

Car sales boom, highest ever monthly wholesales hit

The Indian auto industry witnessed a historic milestone in January 2024, recording its highest-ever monthly domestic passenger vehicle (PV) wholesales at 394,571 units.

Monetization push stumbles: 1.5L cr gap

The central government and Central Public Sector Enterprises (CPSEs) are projected to monetize assets worth Rs 1.50 lakh crore in the current fiscal year, slightly below the targeted Rs 1.75 lakh crore, according to a senior official.

Rs 4.6 crore Tax collected from updated ITRs in 2 years

The Income Tax Department has achieved a noteworthy accomplishment by collecting approximately Rs 4,600 crore in taxes from 5.6 million updated Income Tax (I-T) returns filed by taxpayers over the past two years.

India stock rally cools as foreign investors turn cautious, sell $3 billion

In January, foreign investors engaged in a significant selloff of Indian stocks, marking the highest monthly total in a year.

INDUSTRY HAILS INFRA PUSH, RAIL CORRIDORS, ECONOMISTS LAUD LOWER FISCAL DEFICIT TARGET, RURAL FOCUS

The gross market borrowing for FY25 at Rs 14.13 lakh crore and net market borrowing at 11.75 lakh crore, according to Rajesh Sinha, Senior Research Analyst of Bonanza Portfolio, can be a positive for public sector banks

PM Modi T0 Inaugurate Rs 11,008 Crore Projects In Guwahati

To boost religious tourism and pilgrimage, a proposal for the development and beautification of Navagraha Temple has been submitted to the Government of India

No Change In Tax Slab, Capex Outlay Up 11.1% To Rs 11,11,111 Crore, Boosters To Railways

The scheme of fifty-year interest free loan for capital expenditure to states will be continued this year with total outlay of Rs.1.3 lakh crore.

Google Inks Largest Offshore Power Deal With Dutch Wind Projects

Nechnology giant Tec Google has signed its largest ever power purchase agreement (PPA) with offshore wind projects off the coast of the Netherlands as part of efforts to green its power supply and hit climate targets, it said on Thursday.

1993 MUMBAI BOMB BLASTS CONVICT RUBINA MEMON APPEALS T0 HC FOR PAROLE

The Bombay High Court, on Wednesday, hinted at the possibility of granting temporary parole to Rubina Memon, a convict in the 1993 Mumbai bomb blasts case currently serving time at the women's wing of Yerwada Central Prison. The parole request is centered around her son's upcoming wedding. However, the court emphasized that her release may be subject to being accompanied by a police escort.

JALNA ROAD FACES DISRUPTION AS LPG TANKER LEAK FORCES ROAD CLOSURE AND POWER OUTAGE

Chaos ensued on the busy Jalna Road in Maharashtra after a fully-loaded LPG tanker sustained damage when its driver unintentionally mounted the road divider on Thursday morning.

ARMY CHIEF GENERAL MANOJ PANDE ATTENDS COMMEMORATION PARADE OF REUNION

Chief of Army Staff General Manoj Pande on Thursday attended the Commemoration Parade of the Reunion and the Commemoration of Bombay Sappers' War Memorial Centenary here in Pune.

Supreme Court Rejected Widow's Plea To Abort 32-Week Pregnancy, Suggests Giving Child For Adoption

The Supreme Court in the case observed and has refused to allow a woman to terminate her pregnancy which was over 32-weeks.

SUPREME COURT: WHEN PARTY VIOLATES STATUS QUO ORDER, CONTEMPT PROCEEDINGS MUST BE INITIATED THAN MERELY VACATING INTERIM ORDER

The Supreme Court in the case Amit Kumar Das Joint Secretary vs. Shrimati Huthee singh Tagore Charitable Trust (Sole Respondent) observed that where the status quo order qua possession of the suit premises was wilfully violated, the court held that the same amounts to civil contempt.