A high-level meeting headed by Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda' has recommended that issues related to the entry route of the 900 MW Arun III Hydropower Project, the country's biggest, being constructed by an Indian company should be addressed to ensure its timely completion. SJVN Arun-III Power Development Company (SAPDC), a wholly-owned subsidiary [...]
The government on Wednesday said it has permitted exports of 10,34,800 tonnes of non-basmati white rice to seven countries, including Nepal, Cameroon and Malaysia. The Directorate General of Foreign Trade (DGFT) said in a notification that the export is permitted through National Cooperative Exports Limited (NCEL). To boost domestic supply, though exports of non-basmati white [...]
On Wednesday equity benchmark indices declined in early trade amid sluggish global market trends and spike in Brent crude oil prices. The 30-share BSE Sensex declined 161.41 points to 66,266.68. The Nifty dropped 36.7 points to 19,774.80. Among the Sensex firms, Bajaj Finance, Power Grid, Bajaj Finserv, ICICI Bank, HDFC Bank, NTPC and Larsen & [...]
On Friday equity benchmark indices Sensex and Nifty stayed on the back foot for the fourth straight session, as investors offloaded healthcare, consumer durable and commodity stocks amid a weak trend in global markets. Traders said that foreign fund outflows and heavy selling in HDFC shares also hit investor sentiments. The 30-share BSE Sensex fell [...]
According to Minister of State for Electronics and IT Rajeev Chandrasekhar, the government wants to reduce reliance on imports from dubious sources by producing up to 70% of the nation's IT hardware needs domestically over the next three years. Speaking to reporters, Chandrasekhar stated that in an effort to reduce reliance on supplies from dubious [...]
According to a top government official, there is currently inter-ministerial discussion about further easing restrictions on foreign direct investment in the space industry in order to draw foreign players and private businesses. According to the official, there is a ton of room for foreign businesses to invest in India's rapidly expanding sector. The proposal to [...]
Due to heavy selling in banking and oil stocks in tandem with weak global trends ahead of the US Federal Reserve’s interest rate decision. Benchmark indices Sensex and Nifty declined more than 1 per cent on Wednesday. The 30-share BSE Sensex declined for a second day in a row, down 796 points or 1.18 per [...]
According to real estate consultant Vestian, Flexible office space operators currently have a portfolio of 53.4 million square feet and the number is projected to grow 52 per cent by 2025 to 81 million square feet on rising demand from corporates. In its report 'Flexing the Workspace-Back to Office' released on Wednesday, Vestian highlighted that [...]
At a ceremony held here on Wednesday, Kerala Chief Minister Pinarayi Vijayan unveiled the logo and identity of the ambitious international seaport that is currently nearing completion at Vizhinjam. Vizhinjam International Seaport, Thiruvananthapuram will be the port's name. According to official sources, the logo would improve the port's visibility on maps of international maritime trade. [...]
According to RBI Monetary Policy Committee (MPC) Member Ashima Goyal, the Indian economy has begun to perform well despite the unfavorable global environment because the Modi-led government carried out numerous reforms over the past nine years, improving important macroeconomic indicators. Goyal was questioned about how she would contrast the nine years of the Modi-led NDA [...]
