New Delhi: Adani group will invest more than USD 100 billion (around Rs 8.34 lakh crore) in energy transition projects and manufacturing capability to produce every major component required for green energy generation, its chairman said on Wednesday. Besides building solar parks to produce electricity from sunlight and wind farms that do the same from…
New Delhi: Finance Minister Nirmala Sitharaman is likely to hold pre-budget consultations with industry chambers on June 20, sources said. The budget for 2024-25 fiscal is likely to be presented in Parliament in the second half of July. Industry sources said the pre-budget consultation with Sitharaman would be preceded by a meeting with Revenue Secretary…
New Delhi: Income tax relief for the people in the lowest slab may need to be considered in the upcoming full Budget for 2024-25 considering the high levels of inflation, according to newly-elected CII President Sanjiv Puri. In an interview with PTI, he also suggested creation of an institutional platform for consensus building between the…
Bari (Italy): The Group of Seven industrialised nations have committed to promoting concrete infrastructure initiatives such as the India-Middle East-Europe Economic Corridor (IMEC) in the G7 Summit Communique issued at the end of the three-day G7 Summit, attended by Prime Minister Narendra Modi. The Communique was issued on Friday evening after the customary “family photo”…
Panaji: The 2024 Spirits-International-Prestige (SIP) Awards at California, USA, judging identified super outstanding selection of top-ranked single malt whiskies and blended Scotch whiskies world-wide. The Indian origin ‘Kadamba Single-malt whisky’ won Gold medal – a testament to its finest Indian craftsmanship and world-class quality that Kadamba whisky delivers for its commitment to purity, precision and…
Mumbai: India’s foreign exchange reserves rose for a second straight week to hit a record high of $655.82 billion as of June 7, the central bank said on Friday. The reserves rose by $4.3 billion in the reporting week, adding to last week’s $4.8 billion increase. The Reserve Bank of India (RBI) intervenes in the foreign…
Mumbai: Benchmark equity indices hit their all-time high levels in early trade on Monday, with the Sensex breaching the 77,000-mark for the first time ever, rallying for the fourth day running. Optimism in the markets is due to various factors such as the Reserve Bank of India (RBI) revising upwards the GDP growth projection to…
New Delhi: Adani Ports and Special Economic Zone Limited (APSEZ) on Friday said it has secured a five-year Operation and Maintenance (O&M) contract for the container facility at the Syama Prasad Mookerjee Port in Kolkata. With this, APSEZ has to deploy cargo handling equipment within seven months from the letter of acceptance (LOA) date, the…
Mumbai: The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the eighth time in a row, saying it will maintain a tight vigil on inflation. The rate increase cycle was paused in April last year after six consecutive rate hikes, aggregating to 250 basis points since May 2022. Announcing…
Panaji: World Gin Day is a global celebration held on the second Saturday of June each year, and this year it falls on the 8th of June. It’s the perfect opportunity for gin enthusiasts and newcomers alike to explore and enjoy the diverse and exciting world of gin. We have rounded up some of the…
