CATEGORIES

Court grants bail in Delhi Waqf Board case

Delhi’s Rouse Avenue Court granted bail to Aam Aadmi Party (AAP) MLA Amanatullah Khan on Saturday in connection with the Enforcement Directorate’s recent complaint filed against him for alleged non-attendance of summons in the Delhi Waqf Board money laundering case.

Hemant Soren denied interim bail in land scam case

The Special PMLA Court in Ranchi declined to grant interim bail to former Jharkhand Chief Minister Hemant Soren in a land scam case on Saturday. Former Chief Minister Hemant Soren had sought interim bail of 13 days from the court to attend the funeral of his uncle, a plea which the court denied.

SC SEEKS RESPONSE ON FIXING MSP FOR ALTERNATIVE CROPS

The Supreme Court sought responses from the Centre, Punjab, and Haryana governments regarding a plea to establish the minimum support price (MSP), including periodic increases, for alternative crops cultivated by farmers and the government’s procurement of these crops.

TaMO gets 4L customers for 'Magic', launches bi-fuel model

Tata Motors has achieved the milestone of 4 lakh customers of the Tata Magic – India’s most preferred van and introduced a new variant, the Magic Bi-Fuel, to further increase convenience of its customers.

Automakers keen to tap high quality aluminium solutions

With aluminium responsible for enabling several forms of modern transportation -- establishing itself as a critical raw material for automotive manufacturing, the industry along with automakers and essential component manufacturers is exploring a future roadmap of the sector with a focus on role of aluminum in its transformation and new areas of collaboration.

HMIL TO BOOST OUTPUT TO 1.5 MN UNITS BY 2030

Solid sales in markets like India have powered Hyundai Motor’s sales growth in markets outside Korea which were up by 1.9 per cent to 846,800 units, with the US also contributing in the boost.

Govt portal offered more jobs than applied

Vacancies listed on the government’s job portal National Career Service (NCS) displayed an interesting trend. The NCS data shows that in the fiscal year 2023-24 jobs available through the portal were significantly higher than job seekers.

WEBEL SOLAR POISED FOR GROWTH AMID INDIA'S RENEWABLE ENERGY DRIVE

India is the third largest consumer of energy in the world and consumption is projected to continue rising over the years. Supported by industrial growth, urbanisation , government policies, and favourable geopolitics, the country has achieved an installed capacity exceeding 400 GW.

At 5-7%, IT service companies face muted revenue growth for 2nd year

With India’s technology industry showing resilience amidst economic challenges and expectation of modest recovery in FY25, the first quarter of Q1 2024 (January – March) witnessed notable deal activity, especially in mergers and acquisitions (M&A), indicating growth prospects in vendor consolidation and transformation projects.

Government okays export of 99,150 MT of onions to six nations

The Ministry of Consumer Affairs, Food and Public Distribution has allowed the export of 99,150 metric tons (MT) of onions to six neighboring countries.

Smooth power supply in summer ensured

India’s power demand is expected to rise by 7-8 per cent yoy in the second quarter of 2024 due to robust industrial activity, strong GDP growth and the Indian Meteorological Department’s (IMD) forecast of above normal temperatures during the summer months.

FPI INFLOWS TO BOOST INDIA'S BUSINESS

Fin min’s monthly economic report highlights three pillars of this buoyancy.

Rising air traffic to lift pvt airports' revenue by 30% in FY25

An expected increase of 10 per cent in passenger traffic on the high base of fiscal 2024, combined with capital expenditure (capex)linked tariff hikes and rising non-aeronautical revenue per passenger, can see the revenue of leading private airport operators go up by around 30 per cent this fiscal.

SUPREME COURT: EGG SHELL SKULL’ RULE CAN BE APPLIED ONLY WHEN PATIENT HAD PRE-EXISTING CONDITIONS MEDICAL NEGLIGENCE

The Supreme Court in the case Jyoti Devi Versus Suket Hospital And Ors observed that the compensation was wrongly reduced by applying 'Eggshell Skull Rule', the court enhanced the compensation amount is to be paid to a patient from Rs. 2 Lakhs to Rs. 5 Lakhs after recording that she was suffering persistently post-surgery due to deficiency in service by the doctor.

'WILL NEVER ALLOW CONGRESS TO TAKE AWAY WOMEN'S GOLD, SAYS NAVNIT RANA

BJP candidate from Amravati, Navnit Rana on Friday cast her vote as she attempts to retain the seat which she had won as an independent candidate in 2019. Speaking after casting her franchise Rana launched a scathing attack on the Congress manifesto and Congress leader Rahul Gandhi.

FOREIGN INVESTMENT NO LONGER ALIGNED WITH GDP GROWTH, GLOBAL CRISES FRACTURING FDI

The decline in manufacturing has severely impacted smaller economies, hindering their ability to participate in global production, upgrade production methods and adopt new technologies.

Threads surpasses 150M monthly active users, reveals mark Zuckerberg

Chief Executive Officer Mark Zuckerberg has announced that Threads, Meta's text-based conversation app, boasts over 150 million monthly active users, positioning it as a competitor to Elon Musk's X (formerly known as Twitter).

RIL earns S&P, fitch approval with strong earnings, controlled leverage

Global rating agencies S&P and Fitch have bestowed their confidence upon Reliance Industries Ltd following its strong earnings for the fiscal year ending March 31, 2024.

ITC ventures abroad: Debut overseas hotel launches in Colombo, Sri Lanka

In a strategic move towards global expansion, ITC, the diversified conglomerate headquartered in Kolkata, inaugurated its first hotel outside India in Colombo on Thursday.

Tata Electronics crafting precision machines for iPhone casings

Tata Electronics, recognized as a significant player in producing enclosures for Apple iPhones in India, is currently directing its efforts towards internally designing and developing highly advanced and intricate high-precision machines for manufacturing iPhone casings.

YOUTUBE, GOOGLE CLOUD SET TO HIT 100 BN REVENUE MARK: SUNDAR PICHAI

Sundar Pichai, CEO of Alphabet and Google, anticipates that the combined revenue from YouTube and Cloud businesses will exceed 100 billion by the end

AI fuels Microsoft's growth, revenue surges 17%, azure up 31%

Microsoft Corporation announced robust financial results for its third quarter ending on March 31, with revenue soaring to $61.9 billion, marking a notable 17% increase from the previous year.

India sets ambitious target, 7% of transport via inland waterways by 2047

The Ministry of Ports, Shipping, and Waterways (MoPSW) reiterated its commitment to enhance the share of Inland Water Transport (IWT) during a two-day conference held in Kochi. The ministry aims to increase the share of IWT to 5% by 2030 and 7% by 2047, aligning with its Maritime Amrit Kaal Vision 2047.

India’s power generation surges to highest level in over a decade

These internal estimates from the federal power ministry, reviewed by Reuters, suggest the fastest pace of growth since at least 2011/12.

INDIA'S FY25 GDP PROJECTED TO GROW 6.6%, SAYS DELOITTE

Deloitte’s revised growth forecast for the last fiscal year and projections for 2023-24 reflect economic optimism, anticipating India’s GDP growth to reach approximately 6.75 percent in the coming fiscal year amidst geopolitical uncertainties.

TCS CEO Foresees AI Replacing Call Centers

The CEO of Tata Consultancy Services (TCS), K Krithivasan, stated that advancements in artificial intelligence (AI) will result in a substantial decrease in the requirement for call centers within a year.

Prez Biden Announces 1 Billion Dollars New Security Assistance For Ukraine

The United States has unveiled a new USD 1 billion aid package for Ukraine, a move swiftly following President Joe Biden's enactment of a national security supplemental into law on Wednesday.

Brace For Pricier Veggies As Heatwave Delays Price Drop: Crisil

Vegetable prices in India are expected to remain elevated in the coming months due to above-normal temperatures until June, according to a report by Crisil.

Credit card spending surges 27% in FY24 (RBI Data)

The Reserve Bank of India (RBI) recently released data indicating a significant surge in credit card spends during the financial year 2023-24 (FY24).

STRONG FOREX RESERVES, INDIA CAN COVER IMPORTS FOR 11 MONTHS

India's surge in foreign exchange reserves is fuelled by a notable increase in capital inflows during the fiscal year 2023-24, demonstrating effective management by monetary authorities and boosting the nation's financial resilience amid global economic uncertainties.