HPCL initiates pilot study on E27 Fuel and ethanol blended diesel fuel
New Delhi: Hindustan Petroleum Corporation Limited (HPCL) has launched a pilot study on vehicles using E27 fuel and Ethanol Blended Diesel Fuel.
Finance
SECI to sell 600 MW of wind power to GRIDCO Odisha
Bhubaneshwar: Solar Energy Corporation of India Limited (SECI) will sell 600 MW of wind power to GRIDCO Odisha under a Power Sale Agreement (PSA).
Hydroelectric: NHDC to construct 525 MW pumped storage project at Rs 4,200 cr in Madhya Pradesh
New Delhi: Narmada Hydroelectric Development Corporation Ltd. (NHDC Ltd.) will construct a 525 MW Pumped Storage Project near Indira Sagar Dam, Khandwa in Madhya Pradesh at a cost of Rs 4,200 crores.
Eurozone falls into recession
The Eurozone, which is a 2-nation bloc, fell into recession this winter, data released recently showed.
RBI keeps repo rate unchanged: Here’s what the banking and finance industry has to say
Mumbai: As expected, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), after three days of deliberation, on Thursday kept the repo rate unchanged at 6.5%.
TransUnion CIBIL appoints V Anantharaman as chairman
Mumbai: Insights and information company TransUnion CIBIL Thursday announced the appointment of V Anantharaman as non-executive chairman.
Tata Power Renewable Energy to set up 966MW Round-the-clock (RTC) hybrid renewable power facility for Tata Steel
Kolkata: Tata Power Renewable Energy Limited will set up 966MW RTC (Round-the-clock) hybrid renewable power for Tata Steel.
Indian Railways earns Rs 14642 cr from freight loading in May 2023
New Delhi: The originating freight loading of 134 MT was achieved in May 2023 against loading of 131.50 MT in May 2022, an improvement of nearly 2% over the last year, the Ministry of Railways said on Thursday.
Jammu Kashmir: 2-lane Jaiswal Bridge over river Chenab completed, says Nitin Gadkari
New Delhi: The construction of a 2-lane Jaiswal Bridge over the Chenab river on the Udhampur-Ramban section of NH-44 in Jammu and Kashmir has been completed, Union Minister Nitin Gadkari said on Thursday.
1st round table joint meeting between India and New Zealand held
New Delhi: The first round table joint meeting between India and New Zealand with the industry and industry associations of both countries took place today in New Delhi.
Coal Ministry issues vesting orders for 22 coal mines
New Delhi: The coal ministry has issued vesting orders for 22 coal mines to successful bidders of coal blocks under a commercial coal mine auction here on Thursday.
Liberty General Insurance launches dedicated 24/7 helpline for Odisha train tragedy victims
Kolkata:Liberty General Insurance has launched a dedicated 24/7 helpline for its policyholders impacted by the Odisha railway mishap.
RBI keeps repo rate unchanged at 6.5%
Mumbai/UNI: Amid downward trend in retail inflation and staying in its target range, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Thursday kept the repo rate unchanged at 6.5%.
LIC increases equity stake in Tech Mahindra to 8.8%
Mumbai: Life Insurance Corporation of India (LIC), the largest insurance company in India, has raised its ownership stake in Tech Mahindra, an IT services provider, through open market transactions.
RBI adds 8 new entities to alert list of unauthorised forex trading platforms
Mumbai: The Reserve Bank of India (RBI) Wednesday said it has included eight more entities and platforms to the alert list of unauthorised forex trading platforms.
SBM Bank India launches World Elite Metal Debit Card
Kolkata: SBM Bank India Wednesday unlocked exclusive, on-invitation access to the world of luxury with the launch of the SBM World Elite Metal Debit Card.
Cabinet approves metro connectivity from Gurugram's HUDA City Centre to Cyber City, with Spur to Dwarka Expressway
New Delhi: The Union Cabinet on Wednesday approved a metro connectivity project from HUDA City Centre to Cyber City with Spur to Dwarka Expressway, Gurugram covering a distance of 28.50 km having 27 stations on the route.
Cabinet approves hike in MSP for kharif crops
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved a hike in minimum support price (MSP) for Kharif crops for marketing season 2023-24.
Cabinet approves continuation of Exploration of Coal and Lignite Scheme
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved the continuation of the central sector scheme of “Exploration of Coal and Lignite scheme” with an estimated expenditure of Rs 2,980 crore from 2021-22 to 2025-26 co-terminus with the 15th Finance Commission cycle.
Narendra Modi govt approves allotment of 4G-5G Spectrum to BSNL
New Delhi: In a significant move, as part of the revival strategy, the Union Cabinet chaired by Prime Minister Narendra Modi, on Wednesday approved the third revival package for BSNL with the total outlay of Rs. 89,047 crore.
ICICI Prudential Life Insurance relaxes claims settlement process for Odisha train accident victims
Mumbai: ICICI Prudential Life Insurance has relaxed the claim settlement process for the families impacted by the Odisha train accident, a press release said on Tuesday.
Bajaj Allianz Life Insurance simplifies claims process for policyholders affected by Odisha train accident
Mumbai: Bajaj Allianz Life Insurance has implemented special provisions to address the needs of its policyholders affected by the tragic train accident in Odisha.
Govt mulling inclusion of refractories in PLI 2.0 for steel sector
The Indian government is considering the inclusion of refractories in the upcoming Production Linked Incentive Scheme 2.0 for the steel sector with the aim to increase the country's steel production capacity to 300 million tonnes by 2030, media reports said.
Govt lifts 40% procurement ceiling on tur, urad, and masur
New Delhi: The government on Tuesday announced the removal of the 40 percent procurement ceiling on three pulses--tur, urad, and masur-- under the price support scheme (PSS) for the crop year 2023-24 (July-June).
Sat Pal Bhanoo and R Doraiswamy recommended for the role of LIC MD
Mumbai: The Financial Services Institutions Bureau (FSIB) has put forth the names of Sat Pal Bhanoo and R Doraiswamy as its recommendations for the role of Managing Director at LIC of India, Moneycontrol reported.
Sequoia Capital splits, India business rebrands as Peak XV Partners
Mumbai: Sequoia India & Southeast Asia, a prominent venture capital firm, has undergone a rebranding and is now known as Peak VX Partners, media reports said.
RBI allows International Banking Units in Gujrat's GIFT City to settle NDDCs in INR
Mumbai: The Reserve Bank on Tuesday allowed international banking units (IBUs) located in GIFT City, Gujarat, to settle non-deliverable foreign exchange derivative contracts (NDDCs) using the Indian rupee.
Ashok Leyland aiming to touch pre-pandemic sales volume in FY24
Kolkata: Automobile major Ashok Leyland, the Indian flagship company of the Hinduja Group and India’s leading commercial vehicle manufacturer, on Tuesday, said it is aiming to touch its pre-pandemic level of sales in medium and heavy commercial vehicles (MHCV) in Financial Year 2023-24 (FY24).
Rajnigandha pan masala maker DS Group buys chocolate brand LuvIT
New Delhi: FMCG major DS Group, popularly known for making Rajnigandha pan masala, on Tuesday announced the acquisition of The Good Stuff Pvt Ltd, which owns the LuvIt Chocolate and Confectionery brand.
GMR Group to divest Hyderabad Airport warehouse facility at Rs 188 cr
Hyderabad: GMR Hyderabad International Airport Ltd, a step-down subsidiary of GMR Airports Infrastructure Ltd, on Tuesday announced the divestment of around 8,18,000 sq ft of its warehouse facility located at the Hyderabad airport.