The government has exercised the call option for the redemption of non-interest bearing special security to the tune of Rs 255 crore given to IDBI Bank in 2004. With this redemption the total outstanding amount will come down to Rs 2,378.73 crore, a gazette notification dated March 27, 2023, said. These 20-year tenure special securities [...]
State-owned NTPC Renewable Energy will supply 1,300 MW round-the-clock clean power to Greenko’s upcoming green ammonia plant at Kakinada. NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Green Energy Limited, has signed a term sheet with Greenko ZeroC Pvt Ltd (A Greenko Group company) on March 28, 2023, to supply 1,300 MW round-the-clock RE [...]
Karnataka Industries and Commerce Department on Tuesday said it has cleared a total of 55 investment proposals worth Rs 3,451.24 crore, promising 33,049 employment opportunities. The 139th State Level Single Window Clearance Committee (SLSWCC) meeting was held under the chairmanship of Minister for Large and Medium Scale Industries Murugesh R Nirani on Monday to decide [...]
India's merchandise imports are estimated to grow by about 16 per cent to USD 710 billion in this fiscal due to a jump in inbound shipments of crude oil, coal, diamonds, chemicals and electronics, a report by economic think tank GTRI said on Wednesday. The Global Trade Research Initiative (GTRI) also said that the Indian [...]
The economic impact of stimulus given in the US and the Russia-Ukraine war has made investors think of risk aversion which is leading to valuation correction but it is not causing a slowdown in the digital economy, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Tuesday. While speaking at India Digital Fest, [...]
Microsoft-owned GitHub has laid off 142 people in India, including the entire staff in its engineering division, people aware of the development said on Tuesday. Those affected by the decision were deployed across the company's offices in Bengaluru, Hyderabad and Delhi. When contacted, a GitHub spokesperson said the decision was part of the company's reorganisation [...]
Capital markets regulator Sebi on Tuesday discontinued the option of payment through demand draft for intermediaries and asked them to pay fees and penalties only through digital mode. The new rule will come into force from April 1, the Securities and Exchange Board of India (Sebi) said in a circular. The regulator has decided to [...]
The three-day deliberations at the first meeting of the trade and investment working group of G-20 began in the financial capital on Tuesday. Delegates visited the Bharat Diamond Bourse, the largest diamond bourse in the world, and were also briefed about the industry, which exports to the tune of USD 23 billion annually, as per [...]
Tata Power on Tuesday exuded confidence that the financial capital will be able to avoid a re-occurrence of an electricity outage courtesy of improved coordination between stakeholders and more investments in multiple areas, including cybersecurity. The company, which competes with Adani Electricity Mumbai and claims to have a 70 per cent share in the transmission [...]
Competition Commission is conducting inquiries against Amazon, Flipkart, Zomato, Swiggy, BookMyShow, Apple, WhatsApp, Facebook (Meta) and Google for alleged anti-competitive practices, the government said on Tuesday. To a query in the Rajya Sabha on whether the government is aware of the fact that anti-competitive practices are indulged by big tech companies like Amazon, Flipkart, Google, [...]
