CATEGORIES

Delhi Airport emerges victorious in arbitration, secures refund and payment relief

In a recent arbitration decision, Delhi Airport, owned by the GMR Group, resolved a dispute with the state-owned Airport Authority of India (AAI) on revenue sharing during the COVID-19 period. The tribunal ruled in favour of the airport, directing AAI to refund Rs 500 crore and waive a Rs 1,800 crore payment. AAI may challenge the decision.

Assam Initiates First AllElectric Bike Taxi Fleet in India

The Assam government introduced ‘Baayu,’ an app driven electric bike taxi service, as a forward-thinking sustainable mobility initiative by the state-run Assam State Transport Corporation (ASTC).

Finance Ministry busts 29,273 bogus firms, arrests 121 for GST ITC evasion

On Sunday, the government reported that GST officers uncovered 29,273 fraudulent firms engaged in fake Input Tax Credit (ITC) claims totalling Rs 44,015 crore from May 2023. This eight-month drive against false registrations safeguarded Rs 4,646 crore in revenue.

ONION AND TOMATO PRICE DROP TRIMS VEG THALI COSTS BY 3% IN DECEMBER

The cost ofa vegetarian thali fell 3 per cent in December to Rs 29.7, as compared to Rs 30.5 in November

Curbing energy use saves big $2 trillion annually for global economy

A new study by the World Economic Forum ( W E F ) unveiled a set of strategic business actions poised to significantly decrease global energy demand, potentially unlocking annual savings of over USD 2 trillion by the end of the decade.

Crypto job market sees downward spiral, moderate hiring expected

India’s cryptocurrency job market, once a burgeoning space witnessing exponential growth, has experienced a considerable decline in demand for skilled professionals owing to the evolving regulatory landscape.

Indian auto industry cruises to 11% growth in 2023

The Federation of Automobile Dealers Associations (FADA) reported a substantial 11 per cent surge in India's automobile retail sales in 2023 compared to the previous year, buoyed by robust consumer demand across various segments.

India set to double agri exports from $53 bn to $100 bn

With India poised to double it’s agricultural exports -- currently at about USD 53 billion -- to USD 100 billion and processed food exports logging 150 percent growth over the last nine years, the Government is looking to tap the country’s potential to captivate global markets.

ASSETS LEAPFROG 22% IN 2023, BREACHING RS 50 TRILLION

The mutual fund industry saw its asset base surge to an all-time high of Rs 50.78 trillion in 2023, marking the 11th consecutive yearly rise, driven by increased inflows in equity schemes, notably through Systematic Investment Plans SIPs)

Rajnath Singh Makes Historic Visit: First Indian Defence Minister In The UK In 22 Years

Rajnath Singh To Visit UK, First By Indian Defence Minister In 22 Years. Rajnath Singh's previously planned visit to the UK in June 2022

MOST INDIAN IPO HOPEFULS IN 2024 STILL BLEED RED INK

Fintech startups in India encountered a significant funding decline in 2023, aggregating $2 billion, marking a substantial 63% drop from the previous year's $5.4 billion, as indicated by Tracxn's data reported by the media.

Red Sea Crisis May Push Costs For Traders

The increasing Red Sea crisis may impact trade as it is expected to push shipping and insurance costs for exporters, and to deal with the situation the government should consider extending financial assistance to exporters, a report by economic think tank GTRI said on Saturday.

Disturbing video of Uber driver watching videos sparks safety concerns

In a concerning incident, a passenger shared a video on social media showing an Uber driver watching videos with earphones on while navigating through traffic.

SUPREME COURT TO PRONOUNCE JUDGEMENT ON PLEA MOVED CHALLENGING REMISSION OF BILKIS BANO CASE CONVICTS ON JAN 8

The Supreme Court in the case observed wherein the batch of petitions is filed challenging the premature release of convicts in the Bilkis Bano case.

Fusion of tech and agriculture paves the way for a sustainable tomorrow

Agriculture, the cradle of human civilization, stands as the bedrock of our existence.

Dragon oil expands investments in Turkmenistan with signed MoU in UAE

Dragon Oil Company, wholly owned by the Government of Dubai, signed a Memorandum of Understanding (MoU) with Turkmenbet Company(Turkmenistan Oil).

New management recruits' average pay surges 40% in 2 years

The average salary of management graduates of Institute of Management Technology, Ghaziabad has increased by as much as 40 per cent in the 2022-23 placement cycle, as compared to the previous two years, according to a study.

VIBRANT GUJARAT SUMMITS GARNER $55 BILLION FDI OVER TWO DECADES

Elaborate security arrangements have been put in place in Gandhinagar for next week's Vibrant Gujarat Global Summit 2024 including 3-D mapping of venues with drones

VINFAST'S $500M INVESTMENT FOR FIRST EV MANUFACTURING UNIT IN INDIA

VinFast's $2 billion electric vehicle plant in Thoothukudi, Tamil Nadu, aims to generate economic and sustainable transportation prospects in India

Sikkim's Remote Villages Embrace Financial Inclusion

On Saturday, Union Finance Minister NirmaOR la Sitharaman commended the Sikkim government for its contribution to achieving widespread financial inclusion in the Himalayan state, extending to remote villages and habitats.

Indian fintech funding plunges 63% in 2023, reaching $2 billion

In 2023, financial technology (fintech) startups in India witnessed a notable decline in funding, amassing a total of $2 billion—a stark 63% drop from the previous year’s $5.4 billion, according to data sourced from Tracxn and reported by Financial Express (FE).

M-cap of 6 of top 10 firms lose Rs 57,408 cr; TCS worst hit

The market capitalization of six out of the top 10 most valued firms witnessed a decline of Rs 57,408.22 crore last week, with Tata Consultancy Services (TCS) and HDFC Bank experiencing the most significant setbacks, aligning with subdued trends in the equity market.

FPIS INJECT RS 4,800 CR INTO EQUITIES IN JAN'S FIRST WEEK ON ECONOMIC BOOST

In 2023, the cumulative Foreign Portfolio Investor (FPI) inflows amounted to Rs 1.71 trillion in equities and Rs 68,663 crore in the debt markets

VINFAST UNVEILS $2 BN INVESTMENT FOR EV MANUFACTURE

VinFast, the Vietnamese electric vehicle (EV) giant, has revealed intentions to build a state-of-the-art integrated EV facility in Tamil Nadu. Through an official statement released on Saturday, the company affirmed its dedication to investing up to $2 billion into this ambitious initiative.

Godrej Consumer reports steady global growth

Godrej Consumer Products Limited reported that its organic business maintained consistent underlying volume growth in the midsingle digits for the quarter ending on December 30, 2023.

GAIL SIGNS LNG SUPPLY DEAL AND BIOENERGY PACT

State run GAIL (India) Limited and Vitol Asia Pte Ltd, have announced the signing of a long term Liquefied Natural Gas (LNG) deal into India for a supply of approximately one million metric tons of LNG per annum for a period of about 10 years, commencing 2026.

Plea in Delhi HC over man's death after 4 hospitals deny treatment

A plea has been filed in the Delhi High Court, drawing attention to a recent incident where a man, who jumped out of a moving police van, reportedly succumbed to his injuries as four government hospitals in the national capital allegedly denied him treatment.

Varanasi court sets Jan 24 to decide on ASI report disclosure

A Varanasi court on Saturday scheduled January 24 for deciding whether to make public the sealed Archaeological Survey of India (ASI) report on the Gyanvapi mosque complex and provide copies to the involved parties.

HC ORDERS HOTEL WILDFLOWER HALL HANDOVER TO HPTDC

In a major setback for East India Hotels (EIH) of the Oberoi group, the Himachal Pradesh High Court passed an order directing EIH to surrender possession of Hotel Wildflower Hall to the Himachal Pradesh Tourism Development Corporation (HPTDC) within two months.

TOYOTA HIKES VEHICLE PRICES BY UP TO 2.5%

Toyota Kirloskar Motor on Friday said it has increased prices of its vehicles ranging from 0.5% to 2.5% on select models and variants with effect from January 1, 2024.