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Wayanad relief fund: Can only spare ₹61.53cr, Kerala tells HC

The Kerala Government told the High Court on Thursday that though it has Rs 638.97 crore in the State Disaster Relief Fund, it can spare only Rs 61.53 cr for the Wayanad landslide victims as it has to meet previous commitments.

Soros-Gandhi family nexus issue rocks RS

The Rajya Sabha again witnessed stormy scenes on Thursday as Opposition members raised the issue of the no-confidence motion against Chairman Jagdeep Dhankar, which was brought on Tuesday, and the Treasury benches countered them by again raising the issue of US businessman George Soros's links with the Congress's Gandhi family members.

Will pay $2,100/month: Kejri's poll promise to Delhi women

Aam Aadmi Party (AAP) national convenor Arvind Kejriwal on Thursday announced that every woman of the capital will get monthly monetary assistance of Rs 1,000/month and this would be raised to Rs 2,100 if the party is voted to power in upcoming Assembly elections.

BRIMS receives NAAC Accreditation with A Grade

Dr VN Bedekar Institute of Management Studies (BRIMS), a renowned management institute in Thane, has achieved a significant milestone by being awarded an A Grade by the National Assessment and Accreditation Council (NAAC) in its Cycle 2 evaluation.

POWERGRID signs MoU to construct 100 bedded girls' hostel and teaching block

Power Grid Corporation of India Limited (POWERGRID), a 'Maharatna' Public Sector Enterprise (CPSE) under Ministry of Power, Government of India, has signed two Memorandums of Understanding (MoUs) with the Haryana State CSR Trust to fund the construction of a 100-bedded girls' hostel and a teaching block, and supply of IT, medical, music equipment at Government Girls College, Sector-14, Gurugram.

Nifty continues to consolidate

Nifty has to continue to hold 24500 zones for an up move towards 24700 then 24850 zones

Flying Just Got Expensive: ATF Price Increase Explained

For those planning to fly, air travel might soon become expensive as Indian oil companies have raised prices of Aviation Turbine Fuel (ATF).

Govt mulls proposal to impose safeguard duty on steel imports

The government is considering a proposal to impose safeguard duty on steel imports, Union Steel Minister HD Kumaraswamy said on Thursday.

Indian GDP to be of $9 tn if growth is aggressive

India's economy is on track to surpass the USD 7 trillion mark by 2030 even under the conservative growth estimates, according to Arvind Panagariya, Chairman of the 16th Finance Commission.

India needs $2.2 trillion investment on infra to become $7 tn economy by 2030

India will require an investment of USD 2.2 trillion for infrastructure development to become a USD 7 trillion economy by 2030, Knight Frank India said on Thursday, while stressing the need for radical measures to encourage private participation in this area.

Tax refunds up by 46.31% in FY 2024-25: FinMin

The Finance Ministry announced on Thursday a significant improvement in the issuance of tax refunds for the financial year 2024-25.

Discoms outstanding dues decline 82% in over 2 years to ₹24,000 crore

Power distribution utilities (discoms) legacy dues have come down by a whopping 82 per cent in over two years to Rs 24,684 crore this month, Parliament was informed on Thursday.

Sebi issues warning letter to HDFC Bank

Letter is in relation to observations made during the course of its periodic inspection of investment banking activities undertaken by bank

GNPAs of PSBs decline to 3.12% in Sep from peak of 14.58% in Mar 2018: FinMin

Gross non-performing assets (NPAs) of public sector banks (PSBs) have declined to a decade low level of 3.12 per cent at the end of September 2024 from a peak of 14.98 per cent in March 2018 on the back of measures like the 4Rs - recognition, recapitalisation, resolution, and reform - taken by the government, the finance ministry informed on Thursday.

India should remain open to investments from China: Panagariya

However, developed countries are accepting investments from China in any particular sector

India steel industry in trouble because of cheap imports; capacity utilisation at 4-yr low: ICRA

Capacity utilisation of domestic steel industry in 2024-25 is poised to slip below 80 per cent for the first time in 4 years as cheap imports nibble at market share, according to rating agency ICRA.

Cumulative capex of airports expected to grow 12% at ₹60K cr in 3 yrs: Report

The cumulative capex (capital expenditure) of Indian airports is expected to grow 12 per cent at Rs 60,000 crore in the three years through FY27 from Rs 53,000 crore during 2022-2024, to add required infrastructure for about 65 million passengers per annum, ratings agency CRISIL said on Thursday.

SWITCH Mobility unveils EiV12 & E1 low floor e-city buses

SWITCH Mobility Ltd, a subsidiary of heavy commercial vehicle manufacturer Ashok Leyland, on Wednesday launched two low-floor electric city buses-EiV12 and E1-equipped with chassis-mounted batteries, expanding its product portfolio, a top official said.

RIL SIGNS $12-13 BN OIL IMPORT DEAL WITH RUSSIA'S ROSNEFT

Billionaire Mukesh Ambani's Reliance Industries Ltd has signed a deal to import crude oil worth USD 12-13 billion a year from Russia's Rosneft for 10 years, sources said.

NCLAT appoints NBCC as consultant to complete Supertech's 16 hsg projects

Insolvency appellate tribunal NCLAT has appointed state-owned NBCC as a project management consultant to complete debt-ridden realty firm Supertech Ltd's 16 real estate projects at a cost of nearly Rs 9,500 crore, a move that will provide relief to thousands of homebuyers.

India, UK to hold next round of FTA talks in Jan

India and the UK are expected to hold the next round of talks for a proposed free trade agreement (FTA) in January to resolve the pending issues and close the negotiations, a senior official said on Thursday.

'MyBharat digital platform to offer job, business opportunities'

Union minister Mansukh Mandaviya on Thursday said the newly created MyBharat digital platform will be turned into a single-window access for jobs, training, networking and business opportunities.

Govt seeks Par nod for ₹44,143 cr extra spending in FY25

The government on Thursday sought Parliament's nod for additional net expenditure of Rs 44,143 crore in the current fiscal, mainly on account of higher spending by agriculture, fertiliser and defence ministries.

Retailers urge FM and GST Council not to go for higher 35% tax rate

Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to accept some of GST rate rationalisation suggestions, including the proposal for inclusion of a special rate of 35 per cent on some products.

India unveils Taxonomy of Green Steel in big step to decarbonise production

In a major step to decarbonise the steel sector in alignment with net-zero emission intensity target by 2070, Union Minister of Steel and Heavy Industries H.D. Kumaraswamy unveiled the Taxonomy of Green Steel for India at an event held in Vigyan Bhavan here on Thursday.

Gilts down as traders make room for weekly gilt auction on Fri

Prices of government bonds ended lower Thursday as traders shed bonds before Friday's auction, expecting to pick up the gilts at cheaper prices, dealers said.

Energy transition should be done without compromising growth: CEA

Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday underlined the need to be cautious about energy transition and said that it should be done without compromising growth.

Markets end lower amid caution ahead of inflation data

Equity market benchmark indices Sensex and Nifty ended lower on Thursday due to selling pressure in index majors Reliance Industries, L&T and HUL as investors turned cautious ahead of the inflation data announcement.

Need not worry about high imports as long as exports' share rising: Comm Secy

India should not be overly concerned about imports as long as exports' share continues to grow, Commerce Secretary Sunil Barthwal said on Thursday.

Industrial production grows 3.5% in Oct from 3.1% in Sep

The manufacturing sector's growth decelerated to 4.1% in October from 10.6% a year ago