Keshub Mahindra, a pioneer of Indian auto industry and Mahindra & Mahindra Ltd Chairman Emeritus, died on Wednesday morning in Mumbai due to old age. Mahindra, 99, breathed his last on Wednesday morning at home peacefully, said a person close to the family. He had led the Mahindra Group for 48 years as Chairman and [...]
The domestic aviation industry continues to witness recovery with air passenger traffic logging around 60 per growth at 13.60 crore in FY23 annually, ICRA said on Wednesday. Despite this, domestic air passenger traffic remained around 4 per cent below the pre-pandemic (FY20) volume of 14.15 crore, the credit rating agency said. The Indian carriers had [...]
Suzlon Group on Wednesday said it has bagged a project for developing a 50.4 MW wind power project for Sembcorp's renewables subsidiary Green Infra Wind Energy Ltd. As part of the order, Suzlon will install 24 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each, [...]
The CBIC has extended the interest waiver on customs duty payable by importers and exporters through the Electronic Cash Ledger (ECL) till April 13. An upgraded Customs duty payments system was launched by the Central Board of Indirect Taxes and Customs (CBIC) on April 1. After the members of the export-import trade complained of difficulties [...]
Trade ministers of India and France have held discussions related to the ongoing talks for a free trade agreement between India and the European Union, the commerce ministry said on Wednesday. Commerce and Industry Minister Piyush Goyal was here to attend India-France Business Summit and CEOs roundtable meet. He held bilateral meetings with several CEOs [...]
Nearly 12,000 matches a year across 12 disciplines, five million requests per second during a fantasy cricket tournament and 150 million users engaging with the platform. It’s about numbers, technology -- and the vision to make sports better, says Dream Sports Chief Technology Officer Amit Sharma. Combining the thrill of live sports and the excitement [...]
Government incentives, including those to consumers, local battery manufacturing, state-level subsidies and cut in GST rates would help drive EV penetration in India, Moody's has said. In a report, Moody's Investors Service said India has the fourth-largest car market globally, but electric vehicle (EV) penetration is currently only around 1 per cent. The pace of [...]
Fintech firm BankBazaar.com on Tuesday said it plans to go public in the next 12-18 months. The company had a net revenue of Rs 160 crore in FY23. The Initial Public Offering (IPO) plans are in progress with an aim to list in 12-18 months, co-branded credit card issuer BankBazaar.com said in a statement. Prior [...]
Astec LifeSciences, a subsidiary of Godrej Agrovet (GAVL), on Tuesday launched its Research and Development (R&D) centre in Rabale, Maharashtra. The facility 'Adi Godrej Centre for Chemical Research and Development' will focus on innovation and developing sustainable and safe solutions for people and the environment and providing services to innovator companies in the contract development [...]
The International Monetary Fund (IMF) on Tuesday lowered India's economic growth projection for the current fiscal to 5.9 per cent from 6.1 per cent earlier. Yet India will continue to be the fastest-growing economy in the world. In its annual World Economic Outlook, IMF also lowered the forecast for 2024-25 fiscal (April 2024 to March [...]
