CATEGORIES

SBI and World Bank Ink $165M deal for rooftop solar projects

The country’s biggest lender, State Bank of India (SBI), said that it will be signing a $165 million Line of Credit (LoC) from the World Bank in Delhi today to support grid-connected rooftop solar photovoltaic projects in residential and institutional sectors.

Strong domestic demand to sustain high steel imports in 2023-24: Crisil

Strong domestic demand, supported by government spending on infrastructure, building, and construction segments, is expected to keep India’s steel imports elevated around the 6 million tonne (MT) mark this financial year even as the global steel industry battles a slowdown, according to rating agency Crisil.

PHARMA INDUSTRY OPTIMISTIC ABOUT NEW YEAR COLLABORATIONS

The domestic pharmaceutical sector anticipates continued growth in 2024 despite facing challenges such as upholding quality standards and transitioning from volume to value leadership

HEALTH CARE VIKSIT BHARAT SANKALP YATRA SPURS CREATION OF OVER 1 CR AYUSHMAN CARDS

During the ongoing Viksit Bharat Sankalp Yatra, a total of 1,02,23,619 Ayushman cards have been generated

ICRA predicts 10-12% growth in jewellery retail for FY'24

During the ongoing Viksit Bharat Sankalp Yatra, a total of 1,02,23,619 Ayushman cards have been generated

Tencent sparks $80 billion selloff amid China crackdown fear

In an unforeseen turn of events, Tencent Holdings Ltd. spearheaded an $80 billion selloff, rattling some of China’s largest online entities.

Centre extends import duty exemption on masur dal to March 2025

In response to persistent concerns about high inflation rates, the Central Board of Indirect Taxes and Customs (CBIC) issued an order on December 22, extending the exemption for masur dal by an additional year.

India's FX reserves jump $9.112B to $615.971B

India’s forex reserves surged by $9.11 billion to $615.97 billion for the week ending 15 December, according to the latest data released by the Reserve Bank of India (RBI) on Friday.

FM PLANS SPECIAL CAMPS IN 4 DISTS TO SETTLE INSURANCE CLAIMS ONCE FLOOD WATER RECEDES

Following cyclone Michaung, excessive rainfall hit four districts-Tirunelveli, Toothukudi, Kanyakumari, and Tenkasiresulting in a situation akin to flooding in these areas

BMC planning punitive action to stop garbage dumping in drains

The Brihanmumbai Municipal Corporation (BMC) has appealed to people not to dump garbage in drains and said it is planning punitive action against violators.

Indian Research and Insights industry hits USD 2.9 bn in FY2023: MRSI

December 20, 2023; Mumbai, India: India's apex industry-led market research body, Market Research Society of India (MRSI) today announced the launch of its industry sizing report titled 'The Indian Research & Insights Industry 2023 Update'.

Israel funds sustainable energy in remote zones

From 2022 to 2023, Israel's Ministry of Energy and Infrastructure allocated grants exceeding 130 million Shekels (USD 36 million) to support sustainable energy initiatives across more than 90 local authorities.

Mumbai air quality maintains 'moderate' status with AQI at 139

As of Thursday morning, Mumbai's air quality continues to be categorized as 'moderate,' registering an Air Quality Index (AQI) of 139 at 10 am, according to the Central Pollution Control Board's SAMEER app.

Deepened US-India partnership marks Quad cooperation boost: Blinken

The US State Secretary, Antony Blinken, emphasized the deepening of the United States' partnership with India, noting an elevated level of cooperation through the Quad with Japan and Australia.

USV & Biogenomics launch INSUQUICK: first biosimilar insulin aspart in India

INSUQUICK is 100% Made in India, with the potential to enhance treatment access for people with diabetes.

PhonePe introduces section for credit score and bills assistance

Fintech company PhonePe on Thursday announced a new section on its platform for users to view their credit bureau score.

Delhi airport plans multi-modal hub near Aerocity: Operator

The capital's IGI Airport will get India's first interstate multi-modal transport hub near Aerocity.

INVESTING IN INDIA: PM MODI'S VISION FOR A GLOBAL HOME

In an interview with UK based newspaper, PM Modi emphasized India's commitment to building a robust $5 trillion economy

PIRAMAL ENTERPRISES TO ADJUST RS 3,164 CR EXPOSURE TO AIF IN FINANCIALS

Piramal Enterprises disclosed its AIF investments and stated that, as a precaution, it will amend its financial statements by Rs 3,164 crore

SUZLON ENERGY SECURES REPEAT ORDER FROM KP GROUP, SHARES SURGE 243% YTD

After securing a repeat order of 193.2 MW from the KP Group in Gujarat, Suzlon Energy's shares have rebounded from the lows of the session

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.