On Wednesday Information and Brodcating Minister Anurag Thakur said that The Union Cabinet approved a Rs 3,760 crore viability gap funding for setting up battery energy storage system in the country. The entire Rs 3,760 crore viability gap funding will be borne by the central government, the minister said while briefing media about the Cabinet [...]
India added the highest number of mobile subscribers across the world in the June 2023 quarter, Swedish telecom gear maker Ericsson said in a report on Tuesday. According to Ericsson Mobility Report, the number of mobile subscriptions totalled 8.3 billion, with a net addition of 40 million subscriptions during the quarter. The report said India [...]
Shaktikanta Das, the governor of the Reserve Bank, stated on Tuesday that the central bank is dedicated to getting inflation down to 4 per cent and would continue to monitor risks since more frequent global supply shocks might have a significant impact on the management of the price situation. Delivering a lecture at the Delhi [...]
India's power consumption is approximately 40–50 GW higher than it was on the same day last year, according to Union Power Minister R K Singh, who on Tuesday assessed the rate of economic growth in the nation in terms of the rise in electrical demand. Addressing a day-long conference on 'Green Hydrogen Pilots in India' [...]
In spite of a bearish trend in global markets, the equity benchmark indices Sensex and Nifty closed higher on Tuesday for the third straight day thanks to increases in market giants ITC, Reliance Industries, and Infosys. Traders said that Besides, robust domestic macroeconomic data added to the positive momentum. The BSE benchmark index jumped 152.12 [...]
On Monday following encouraging domestic macroeconomics data amid a firm trend in the global market, benchmark equity indices Sensex and Nifty rallied for the second straight session. Traders said that fresh foreign fund inflows and intense buying in IT and commodity stocks also bolstered sentiment. The BSE benchmark Sensex jumped 240.98 points or 0.37 per [...]
In August of this year, the nation's power consumption increased by over 16% to 151.66 billion units compared to that of the same month last year, primarily as a result of increased use of cooling equipment during the hot weather. According to the government data, In the year-ago period, power consumption stood at 130.39 billion [...]
Experts have stated that the Indian Toy Industry can receive a boost to its economy by enhancing manufacturing capabilities and exports through the help/ expertise of G20 member nations like the USA and China. Toy Association of India (TAI) Chairman Manu Gupta said the G20 presidency with India provides an opportunity to showcase India as [...]
Moody's Investors Service on Friday raised India's growth projection for 2023 calendar year to 6.7% citing upside to growth performance helped up robust underlying economic momentum. In the Global Macro Outlook 2023-24 (August update), Moody's said strong services expansion and capital expenditures have propelled India's 7.8% real GDP growth in the second (April-June) quarter from [...]
India Inc's credit metrics are likely to show further improvement in the September quarter, a domestic rating agency said on Friday. The recent trends in softening of commodity prices, price hikes by companies, and anticipation of a favourable demand are the factors helping the industry, Icra Ratings said. The interest coverage is likely to improve [...]
