Solar module makers like Reliance Industries and Tata Power company were among the bidders for ₹ 19,500 Cr ($ 2.4 billion) in financial incentives that India is offering, to curb imports of panels from dominant producer China, and boost domestic manufacturing. A few other companies showing interest in the deal include US firm First Solar [...]
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 [...]
The government recently received an interim dividend of ₹ 997.75 crores from State-owned hydropower giant NHPC for 2022-2023, according to the company’s statement. NHPC had already paid an interim dividend of ₹ 356.34 crores to the government during the financial year 2022-23 as the company had declared a final dividend for the financial year 2021-22. [...]
Shares of JSW Energy appreciated to the tune of 9.08% on Friday’s early trades after the management highlighted that the company has received a letter of acceptance for a 500 MW battery energy storage project in January 2023. Its shares were trading at ₹745.00 apiece, up 7.06% at 12:40 PM. The Power company said that [...]
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 [...]
UCO Bank shares opened today at Rs 26.30 and in a few trading hours it has gone up around 7 percent and currently trades at Rs 28. The stock jumped on speculation of privatization. As per reports, the shares of the bank skyrocketed due to a buzz with respect to privatization and would, thus, be [...]
The GMR Group which is in the process of developing an international airport at Bhogapuram near here will be investing Rs 5,000 crore on the aerodrome in the first phase. Speaking at the inaugural session of the Global Investors Summit 2023 being held here, GM Rao, chairman of GMR Group said the first phase of [...]
The Domestic indices opened Friday’s session broadly higher. The NSE Nifty 50 climbed 110.60 points or 0.64% to start at 17,432.50 levels and BSE Sensex rose 349.05 points or 0.59% to 59,258.40. Meanwhile, the Bank Nifty surged 325.20 points or 0.81% to 40,715.00 levels and the Nifty PSU Bank index jumped 3.56% to 3,900.70. As [...]
