The major commodities in which India has a trade deficit with China include electronic components, computer hardware, telecom instruments, industrial machinery for dairy and organic chemicals, Parliament was informed on Wednesday. Some of the services in which India has a trade deficit with China include construction, telecommunication, computer and information services, maintenance and repair services, [...]
India Grid Trust on Wednesday said it has commissioned its first battery energy storage system (BESS) project coupled with its solar panels at the Dhule substation in Maharashtra. The project will meet the substation’s auxiliary consumption requirement, a company statement said. It will not only "reduce our emissions but also act as a prototype for [...]
India's sugar production fell 3 per cent to 299.6 lakh tonnes in the first six months of the 2022-23 marketing year ending September, according to industry body ISMA. Sugar output stood at 309.9 lakh tonnes in the corresponding period of the previous year. The sugar marketing year runs from October-September. As per the data, sugar [...]
Shares of Cyient on Wednesday jumped 5 per cent in the mid-session trade after the IT company rejigged its top management. The stock of the firm zoomed 5.07 per cent in the mid-session trade at Rs 1,045 apiece on the BSE. During the intra-day trade, the stock touched its 52-week high of Rs 1,049.80 per [...]
Bandhan Bank’s total deposits in the fourth quarter of last fiscal stood at Rs 1,08,069 crore, registering a rise of 12.2 per cent over the same period a year ago, the private lender said. Loans and advances during the quarter ended March 31 was at Rs 1,09,112 crore, reflecting a year-on-year growth of 9.8 per [...]
An employees' association of Rashtriya Ispat Nigam Ltd has requested the government to direct SAIL to submit an expression of interest for the new business model proposed by the steel PSU. Visakhapatnam-based Rashtriya Ispat Nigam Ltd (RINL) is exploring a business model wherein it will supply finished steel products to companies which will either fund [...]
With a market capitalization of ₹ 2,028 crores, Tips Industries is a small-cap company engaged in the business of production and distribution of motion pictures and the acquisition and exploitation of music rights. It is also a leading producer of Punjabi films in the country. At 12:26 PM on Wednesday, its shares were trading at [...]
Disney Star is continuing to sign up advertisers for the ongoing Tata IPL 2023, encouraged by the initial viewership of the T20 league on its television platform amid "unavoidable" competition from JioCinema which has the digital streaming rights, according to a senior company official. The company, which has the linear broadcast rights for Tata IPL, [...]
Three companies -- Cyient DLM, Healthvista India and Zaggle Prepaid Ocean Services -- have received Sebi's go- ahead to raise funds through initial public offering (IPO). The three companies, which filed their preliminary IPO papers with the regulator between July 2022 and January 2023, obtained its observation during March 29-31, an update with the Securities and [...]
The Foreign Trade Policy (FTP) for 2023 announced recently will further boost business sentiments to reach the aspirational target of India becoming a leader in exports, leading industry bodies said. Chairman of CII national committee on exports and imports Sanjay Budhia said that reduction in export performance threshold in the new FTP will enable exporters [...]
