The Central government will soon launch an information technology server and IT hardware production linked incentive (PLI) scheme, and also offer additional incentives for manufacturers that incorporate Indian-designed intellectual property into their products, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said on Tuesday. Virtually addressing the VLSI Design Conference 2023 that began [...]
State-owned Coal India Ltd (CIL) has issued the letter of acceptance for nine coal mining projects, having a production capacity of around 127 million tonnes, to be operationalised through engagement of mine developer and operators. Another six mining projects are at different stages of implementation. "The state-owned coal miner is tracking a total of 15 [...]
The mutual fund industry added Rs 2.2 lakh crore to its asset base in 2022, driven by consistent monthly increase in SIP (Systematic Investment Plan) flows. The Assets Under Management (AUM) of the mutual fund industry rose by 5.7 per cent or Rs 2.2 lakh crore to a total Rs 39.88 lakh crore in 2022, [...]
The shares of Shriram Asset Management Company Limited hit an upper circuit of 19.99 percent at Rs 145.25 levels on Tuesday’s session. In the past five days, the stock has zoomed by approximately 35 percent. The board of the company announced that they have approved the appointment of Kartik Jain as its new MD and [...]
Saudi Crown Prince Mohammed Bin Salman has directed authorities to study augmenting the Gulf Kingdom's investments in Pakistan to reach USD 10 billion and increasing its deposit to the cash-strapped country's central bank to USD 5 billion, a media report said on Tuesday. Pakistan's economic situation is facing severe headwinds with inflation being forecast to [...]
Zydus Lifesciences Ltd on Tuesday said it has received final approval from the US health regulator to market its generic version of Febuxostat tablets used to treat high uric acid in the blood. The approval granted by the US Food and Drug Administration (USFDA) to market Febuxostat tablets is for strengths of 40 mg and [...]
President Ranil Wickremesinghe has instructed his ministries to slash five per cent of their estimated expenditure allocated in this year's Budget as Sri Lanka's Treasury was facing an acute shortage of funds, exacerbating fears that the cash-strapped country's economic crisis could be even worse than previously anticipated. Sri Lanka is in the midst of its [...]
Auction of as many as 132 coal mines will be conducted this month under the sixth tranche in states including Odisha, Jharkhand, Chhattisgarh, West Bengal among others, according to MSTC CMD Surinder Kumar Gupta. MSTC, under the Ministry of Steel, conducts e-auction of various materials and minerals and mines. This will be the sixth tranche [...]
The shares of Aries Agro slipped 2.67% on Tuesday, to reach an intraday low of ₹ 204.20 apiece after ace investor Dolly Khanna reduced a stake in the company. Its shares were trading at ₹ 206.30 apiece on the National Stock Exchange (NSE) at 01:00 PM. The Chennai based investor has been investing in the [...]
Real money gaming companies are companies that offer online games or platforms that allow users to participate in games of chance or skill for real money. These companies are popular in India, where a large portion of the population is interested in gaming and gambling. We reached out to MyBetting, the most well-established authority on [...]
