Cargo traffic at the country's major ports increased 11.79 per cent to 65.45 million tonnes in February from 58.55 million tonnes in the same month a year ago, according to Indian Ports Association (IPA). The positive growth in cargo traffic was recorded by all major ports except Visakhapatnam, Kamarajar and Chennai Ports, it said. India [...]
Equity investors became richer by Rs 3.43 lakh crore on Friday amid an overall positive trend in the market and the benchmark Sensex jumping nearly 900 points. The BSE Sensex zoomed 899.62 points or 1.53 per cent to settle at 59,808.97 points. During the day, the benchmark rallied 1,057.69 points or 1.79 per cent to [...]
The Sensex jumped nearly 900 points and the Nifty rallied over 272 points on Friday, bouncing back from the previous day's fall, following a positive trend in global equities and fresh foreign fund inflows. The BSE Sensex rallied 899.62 points or 1.53 per cent to end at 59,808.97 after starting the trade on a positive [...]
The World Bank and India on Friday signed two complementary loans of USD 500 million each to support and enhance the country's healthcare infrastructure. Through this combined financing of USD 1 billion (about Rs 8,200 crore), the bank will support India’s flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), launched in October 2021, to improve [...]
Apple phones would be built in a new 300-acre factory in Karnataka creating about one lakh jobs, according to Union Minister of State for Electronics and IT Rajeev Chandrasekhar and Chief Minister Basavaraj Bommai. Apple phones to be built in a new 300-acre factory in Karnataka, tweeted Chandrasekhar. [...]
The government is not considering any proposal as of now to increase the sugar export quota from the present 60 lakh tonnes for this marketing year ending September, Union Food Secretary Sanjeev Chopra said. The food ministry has allowed 60 lakh tonnes of sugar exports for the current 2022-23 marketing year (October-September). The country had [...]
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Friday said the state has received investment proposals worth Rs 13 lakh crore with an employment opportunity for six lakh people. Speaking at the inaugural session of the Global Investors Summit 2023 being held here, Jagan Mohan Reddy said the investment proposals are from Reliance, Adani [...]
With the presence of industry bigwigs such as Mukesh Ambani of Reliance Group, GM Rao of GMR Group, founder-chairman of Cyient BV Mohan Reddy, the Global Investors Summit 2023 "Advantage Andhra Pradesh" began here on Friday. The sprawling sports grounds of Andhra University is hosting the two-day meet, where about 200 stalls have been set [...]
The Indian services sector expanded at the strongest rate in 12 years in February supported by favourable demand conditions and new business gains, a monthly survey said on Friday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 57.2 in January to 59.4 in February -- its highest level in 12 [...]
Infosys founder N R Narayana Murthy on Thursday stressed that venture capital funds need to focus on profitability at startups as well, and warned that the focus on valuations is creating a "ponzi" scheme. Speaking at the annual Nasscom event here, Murthy said many startups are witnessing repeated rounds of funding at higher valuations, the [...]
