FMCG firm Adani Wilmar on Saturday slashed the prices of its edible oils by Rs 10 following the government's move to reduce import duties on the commodity. Adani Wilmar has reduced the maximum retail price (MRP) of Fortune refined Sunflower oil's 1-litre pack to Rs 210 from Rs 220, the company said in a statement. [...]
Telecom minister Ashwini Vaishnaw on Saturday said 5G deployment will commence in 20-25 cities and towns by the year-end, and indicated that India, with its current data prices significantly lower than global average, will continue to set rate benchmarks as new services are rolled out. The 5G deployment will start from August-September, Vaishnaw said. The [...]
Infrastructure finance firm PTC India Financial Services (PFS) has signed an agreement with the Global Green Growth Institute for setting up a renewable energy-focused infrastructure debt fund. Under the pact, GGGI (Global Green Growth Institute) will provide technical support to PFS for the development and establishment of Renewable energy focused Infrastructure Debt Fund (RIDF). Discussions [...]
Deltatech Gaming Ltd, a digitally native, technology-led gaming platform, has filed preliminary papers with the markets regulator Sebi to raise Rs 550 crore through an Initial Public Offering (IPO). The IPO comprises fresh issue of equity shares worth up to Rs 300 crore and an offer-for-sale (OFS) of Rs 250 crore by promoter -- Delta [...]
State-owned CIL is looking at green mining options by leveraging a slew of eco-friendly technologies in both underground and opencast mines, a move that would help in augmenting the production and reduce the adverse impact on environment. With land turning out to be a major pain point for expansion of coal mining operations, these technologies [...]
Integrated logistics player Delhivery on Friday said it has launched "guaranteed same-day delivery" service in 15 key cities in the country to help direct to-consumer (D2C) brands deliver their orders the same day. Under the new service, orders received as late as 3 pm will be delivered on the same day, Delhivery said in a [...]
Indowind Energy Ltd on Friday posted a consolidated net loss of Rs 1.05 crore for the quarter ended March 31, 2022. In a regulatory filing, the company said it had clocked Rs 61.26 lakh net profit in January-March 2020-21. However, total income during the quarter under review rose to Rs 7.59 crore from Rs 2.58 [...]
Sri Lanka is awaiting official confirmation from India on a new credit line that would allow the cash-strapped nation to have supplies of petrol and diesel for the next four months, Energy Minister Kanchana Wijesekara said on Friday. Sri Lanka is currently facing its worst economic crisis since independence from Britain in 1948. The economic [...]
The US is there for India, the Biden administration has said, reiterating that New Delhi's relationship with Moscow developed over several decades when Washington was "not prepared or able to be a partner of choice" for the Indian government. State Department spokesperson Ned Price's remarks came in response to a question about whether the US [...]
The domestic electric vehicle industry will cross sales of 10 million vehicles by 2030, with an overall adoption rate of more than 30 per cent across different vehicle categories, says a study. According to a study by Arthur D Little released on Thursday, EV adoption for passenger vehicles is likely to be just 10 per [...]
