Smartr Logistics is expecting to raise USD 30 million in Series A funding round by August this year to drive its aggressive expansion plans which include adding pin codes and services offering among others, a top company executive has said. The city-based company is also eying a more-than-two-fold growth in its topline at Rs 200-250 [...]
Amp Energy India on Wednesday said it has bagged 1 GW capacity for integrating cell and module manufacturing under the government's performance-linked incentive (PLI) scheme. Solar Energy Corporation of India Limited (SECI) is a nodal agency of the central government for auctioning renewable energy projects. In a statement, Amp Energy India said subsidiary company AMPIN [...]
To promote entrepreneurship at the grass root level, banks have sanctioned more than Rs 40,700 crore to over 1.80 lakh beneficiaries under Stand-Up India Scheme in seven years. Stand up India Scheme, launched on April 5, 2016, with a focus on economic empowerment and job creation, has been extended up to 2025. The scheme aims [...]
The markets have been volatile this year due to global uncertainties fueled by the banking crisis and inflation. The collapse of the Silicon Valley Bank (SVB), Credit Suisse’s buyout by rival UBS, global inflation and continuing geopolitical tensions cast their shadow on the Indian markets. On a year-to-date basis, the Nifty 50 has declined by [...]
Japanese auto major Honda Motor Co Ltd on Wednesday announced top management changes in its Indian two-wheeler arm with the appointment of Tsutsumu Otani as the President, CEO & Managing Director of Honda Motorcycle & Scooter India. Otani, also a Vice President at Honda Motor Co., Japan, will succeed Atsushi Ogata, who returns to Shanghai, [...]
The government on Wednesday announced a plan to add 250 GW of renewable energy capacity in the next five years to achieve its target of 500 GW of clean energy by 2030. The government has decided to invite bids for 50 GW of renewable energy capacity annually for the next five years i.e., from Financial [...]
The Bombay High Court on Wednesday continued till further orders an interim stay on show-cause notice and penalty demand issued to industrialist Anil Ambani by the Income Tax department under the Black Money Act. A division bench of Justices Gautam Patel and Neela Gokhale posted Ambani's petition challenging the notice and penalty demand for hearing [...]
Shares of Railtel Corporation are trading at Rs 105.30 after gaining around 0.50 percent as compared to the previous closing price of Rs 104.85. This week, the stock has been able to gain around 7 percent. According to the filing over BSE, the company made an announcement regarding the receipt of a couple of work [...]
Billionaire Gautam Adani's Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday reported 9 per cent growth in cargo handling at seaports it operates for fiscal year ended March 31. At 339 million tonne, this is the largest port cargo ever, APSEZ said in a statement. The firm handled about 32 million tonne of [...]
NBCC (India) Ltd shares opened its trading hour today at Rs 37 and currently trade at Rs 37.15. The stock is up 4.2 percent as compared to the previous closing price of Rs 35.65. In the past week period, the scrip has gained around 16.5 percent. In a recent filing with the exchange, the company [...]
