The domestic equity benchmarks climbed in early trade on Thursday amid positive trends from the US markets. The 30-share BSE Sensex climbed 139.34 points to 60,244.84 in initial trade. The broader NSE Nifty advanced 39.35 points to 17,935.05. From the Sensex pack, HCL Technologies, Titan, UltraTech Cement, Larsen & Toubro, Mahindra & Mahindra, Bajaj Finserv, [...]
Transport infrastructure consultancy and engineering firm RITES Ltd has entered into a pact with IIT-Kanpur for exploring opportunities in the areas of sustainability and carbon-related works like carbon neutrality in sectors such as steel and power. The memorandum of understanding (MoU) also includes research and development-related works on air quality sensors to address air pollution, [...]
The country's gross direct tax collection rose 24.58 per cent to Rs 14.71 lakh crore till January 10 this fiscal, buoyed by an upsurge in personal income tax mop-up, the government data showed on Wednesday. After adjusting refunds, net direct tax collection stood at Rs 12.31 lakh crore, 19.55 per cent higher than the net [...]
Tata Power Renewables Limited (TPREL) on Wednesday said it will set up a 3.125 MW solar plant at Himayatnagar in Maharashtra. The plant is expected to generate about 7.5 million units (MU) of clean energy annually and offset 6.15 metric tonnes of CO2 emissions. The project will be commissioned by October 2023. The power generated will [...]
All power engineers federation (AIPEF) on Wednesday said it will oppose any government's move in Uttar Pradesh to issue electricity distribution license to private companies in Noida and Greater Noida. In a statement, AIPEF Chairman Shailendra Dubey said, "Adani Power's company Adani Jewar Electrical Company Limited has recently applied to the Electricity Regulatory Commission of [...]
Public sector lender Punjab & Sind Bank and Bajaj Allianz Life Insurance on Wednesday entered into corporate agency partnership, under which bank customers can avail insurance products of the life insurer. Punjab & Sind Bank is the 25th scheduled commercial bank that is partnering with Bajaj Allianz Life Insurance for distributing its life goals-based product [...]
The government on Wednesday said it has sanctioned Rs 154.84 crore to National Mineral Exploration Trust for mineral exploration and boosting capabilities. The financial help to the exploration agencies will provide auctionable mineral blocks to the nation and will aid in realising self reliance in the mining sector. "The executive committee meeting of National Mineral [...]
The central government's integrated food security scheme has been named as the Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY), under which free foodgrains are being given to more than 80 crore poor people from January 1. The move also comes amid Opposition's criticism over the government discontinuing free monthly distribution of 5 kilograms of foodgrains [...]
Maharashtra has topped a list of states' rankings on economic, social and governance parameters. Gujarat and Tamil Nadu follow in the composite rankings for states, where Care Edge has also taken into account performance on infrastructure, financial inclusion, fiscal management and environment. On the governance front, Uttar Pradesh is ranked third, behind Andhra Pradesh and [...]
Ahead of the Budget, Medical Technology Association of India (MTaI) on Wednesday urged the government to reduce customs duties and removal of health cess on imported medical devices. MTaI, which represents medical technology companies, appreciated the various reforms undertaken by the government during the previous year, but said that more was needed to be done [...]
