The government on Wednesday said it has sanctioned Rs 154.84 crore to National Mineral Exploration Trust for mineral exploration and boosting capabilities. The financial help to the exploration agencies will provide auctionable mineral blocks to the nation and will aid in realising self reliance in the mining sector. "The executive committee meeting of National Mineral [...]
The central government's integrated food security scheme has been named as the Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY), under which free foodgrains are being given to more than 80 crore poor people from January 1. The move also comes amid Opposition's criticism over the government discontinuing free monthly distribution of 5 kilograms of foodgrains [...]
Maharashtra has topped a list of states' rankings on economic, social and governance parameters. Gujarat and Tamil Nadu follow in the composite rankings for states, where Care Edge has also taken into account performance on infrastructure, financial inclusion, fiscal management and environment. On the governance front, Uttar Pradesh is ranked third, behind Andhra Pradesh and [...]
Ahead of the Budget, Medical Technology Association of India (MTaI) on Wednesday urged the government to reduce customs duties and removal of health cess on imported medical devices. MTaI, which represents medical technology companies, appreciated the various reforms undertaken by the government during the previous year, but said that more was needed to be done [...]
Hundreds of flights were grounded across the United States after a computer outage at the Federal Aviation Administration (FAA), US media reports said on Wednesday. The outage comes as a result of the failure of the FAA's NOTAM (Notice to Air Missions) system, which alerts pilots and other personnel about airborne issues and other delays [...]
The Federation of Telangana Chambers of Commerce and Industry (FTCCI) has come out with a skill centre here to support new-age manufacturing and service sectors. The ‘FTCCI Pokarna Skill Centre’ was formally inaugurated on Wednesday by Telangana Principal Secretary Industries and Commerce Jayesh Ranjan, College Education Commissioner Navin Mittal and CMD of Pokarna Ltd Gautam [...]
The shares of Sky Gold Limited gained as much as 14 percent on NSE to reach a new 52-week high of Rs 311.65. The stock has been rallying after it got listing approval to get listed on the mainboard exchanges. On January 5th, 2023, the company got listing approval in regard to Migration from the [...]
The government will this month invite Expression of Interest or preliminary bids for privatising Container Corporation of India (Concor), an official said on Wednesday. The official said the bid document for Concor is almost ready and has to get approval from 'Alternative Mechanism' which is essentially a group of key Cabinet ministers. "We are trying [...]
Engine and power equipment maker Cummins Group in India will commercially roll out its fuel-agnostic platform in a year, the company's managing director Ashwath Ram said on Wednesday. According to the company, the fuel-agnostic engine platform will reduce carbon emissions by enabling vehicles to run on low to zero carbon fuels using the conventional internal [...]
Finance Minister Nirmala Sitharaman and UK Chancellor of Exchequer Jeremy Hunt on Wednesday discussed bilateral investment and trade issues. The two leaders also discussed issues relating to the G-20, of which India has assumed the Presidency for the current year. "Union Finance Minister Smt. @nsitharaman and the Chancellor of the Exchequer United Kingdom, Mr @Jeremy_Hunt [...]
The Cabinet on Wednesday approved a Rs 2,600 crore scheme for promoting RuPay debit cards and low-value BHIM-UPI transactions. Under the scheme, banks would be provided financial incentives for promoting Point of Sale (PoS) and e-commerce transactions using RuPay and UPI in the current financial year. It would help in building a robust digital payment [...]
Three-wheeler maker Atul Auto on Wednesday announced its foray into the electric vehicle space by launching two models at the Auto Expo 2023. Atul Greentech Private Ltd (AGPL), a subsidiary of Atul Auto, launched Mobili, a passenger vehicle, and cargo variant Energie. Both Mobili and Energie are built with industry-leading technology, telematics and Battery Management [...]
Sterlite Power on Wednesday said it has received funds worth Rs 305 crore from Aseem Infrastructure Finance to set up the Kishtwar Transmission Ltd (KTL) project in Jammu. The project involves construction of a transmission system comprising a 400/132kV GIS sub-station at Kishtwar and a 400 kV transmission line from Kishenpur to Dulhasti, the company [...]
Funding for Indian startups dropped by 33 per cent to USD 24 billion in 2022 as compared to the previous year though it was nearly double the amount recorded in 2019 or 2020, said a PwC India report on Wednesday. Global investors were still positive about the Indian startup ecosystem despite the global slowdown, as [...]
The World Bank has forecast Pakistan's economic growth to slow further to two per cent during the current year — down by two percentage points from its June 2022 estimates — because of the devastating floods and slowdown in the global growth rate, a media report said on Wednesday. The World Bank’s Global Economic Prospects [...]
Commercial lending origination volumes declined by 4.3 per cent to 22.2 lakh loans in the COVID-affected FY22, a credit information company said on Wednesday. If one has to look at the originations by value, there was a 73 per cent jump to Rs 66.49 lakh crore, while the portfolio outstanding at the end of the [...]
The shares of Goldiam International shot up 10.45% in the past two days after ace investor Ashish Kacholia increased a stake in the company. Its shares reached an intraday high of ₹ 146.25 and were trading at ₹ 139.95 apiece at 01:32 PM on Wednesday. Goldiam International manufactures and exports gold and diamond jewellery to [...]
State-owned HLL Lifecare Limited has paid a dividend of Rs 122.47 crore to the health ministry for financial year 2021-22, an official statement said. The cheque was presented to Union Minister of Health Mansukh Mandaviya by Beji George, Chairman and Managing Director, HLL at an event here on Wednesday. HLL had a record turnover of [...]
The Arunachal Pradesh cabinet has finalised an action plan to unlock the state’s hydropower potential to strengthen the country’s energy sector, an official statement said on Wednesday. During the first cabinet meeting of the year, chaired by Chief Minister Pema Khandu on Tuesday, the council of ministers decided that some important stalled projects, which were [...]
The shares of Uttam Sugar Mills Limited gained 5 percent in the early hours of Wednesday at Rs 314 levels. The prices climbed after the company announced its capex plans of Rs 96 Crores. The company announced that it will increase its Distillery capacity (Ethanol) by 100 KLPD at the Barkartpur plant from the existing [...]
