Saturday, January 04, 2025

Business

Adani Ports’ cargo volume grows 8 pc in December

AHMEDABAD: The total cargo volume of Adani Ports and Special Economic Zone Limited (APSEZ) grew 8 per cent (year-on-year) to 38.4 million metric tonnes (MMT) in December 2024.

White-collar hiring in India up 9 pc in Dec, AI and ML roles in high demand

NEW DELHI: White-collar hiring activities increased by 9 per cent in December as compared to the same period last year, according to a report.

Indian housing sector to contribute 13 pc to national GDP by 2025: Report

NEW DELHI: The housing sector in the country is expected to contribute 13 per cent to the national GDP by 2025, reflecting its resilience and potential, according to a report on Friday.

Maharashtra secures Rs 1,13,236 cr FDI in April-Sep, retains top spot among states

MUMBAI: Maharashtra has once again demonstrated its dominance as a preferred destination for foreign direct investment (FDI), securing Rs 1,13,236 crore in the first six months (April–September) of fiscal 2024-25. This achievement reaffirms the state’s pre-eminence position over competitors such as Karnataka, Gujarat, Delhi, Tamil Nadu, Haryana, Telangana, Jharkhand, Rajasthan, and West Bengal.

Indian stock market opens lower, Nifty below 24,150

MUMBAI: The domestic benchmark indices opened lower on Friday as selling was seen in the IT, pharma, financial service and FMCG sectors.

Experience the Freedom of Green Mobility with Electric Scooters

The way we move is evolving. As the world shifts towards more sustainable and efficient solutions, electric scooters are taking center stage as a smart and eco-friendly alternative to traditional vehicles. Offering a perfect blend of modern technology and environmental consciousness, these two-wheelers have become a symbol of the future of mobility.

7 Features That Make a Vacuum Cleaner for Home Essential

Keeping your home clean and fresh doesn’t have to be a challenging chore, especially when you have the right vacuum cleaner to help. Today’s vacuums are packed with powerful, user-friendly features that turn cleaning into a seamless experience.

Indian economy in robust spot globally in 2025 with high frequency indicators picking up growth

NEW DELHI: As 2025 begins on a note of heightened global uncertainties ahead of the US President-elect Donald Trump’s inauguration, India continues to be in a much stronger position with high frequency indicators showing a pick up in the pace of growth in the third quarter of current fiscal (Q3 FY25), according to a report on Thursday.

Indian Oil inks 30-year pact to operate fuel stations at Noida International Airport

MUMBAI: The Noida International Airport (NIA) has signed a 30-year concession agreement with Indian Oil Corporation Ltd (IOCL) to operate fuel stations at three key locations within the airport premises.

Sensex soars over 1,200 points, auto and IT stocks rally

MUMBAI: Indian stock market surged by nearly 1.6 per cent in afternoon trade on Thursday as heavy buying was seen in auto, energy, private bank, infra, commodity and IT sectors on Nifty.

Ambuja Cements-Adani merger receives no objection letter from stock exchanges

MUMBAI: Ambuja Cements Ltd has received an observation letter with 'no objection' from the National Stock Exchange (NSE) and 'no adverse observations' from Bombay Stock Exchange (BSE) with regards to merger with Adani Cementation Ltd.

Kerala LoP Satheesan alleges corrupt deal between KFC and liquidated RCFL

THIRUVANANTHAPURAM: Kerala Leader of Opposition V.D. Satheesan on Thursday alleged a corrupt deal between the state-owned Kerala Financial Corporation (KFC) and the now-liquidated Reliance Commercial Finance Ltd (RCFL) in 2018.

ONDC empowering small businesses, revolutionising e-commerce: PM Modi

MUMBAI: The government-run Open Network for Digital Commerce (ONDC) has empowered small businesses and revolutionised e-commerce, said Prime Minister Narendra Modi on Thursday.

Indian stock market opens flat, Nifty above 23,700

MUMBAI: The domestic benchmark indices opened flat on Thursday as selling was seen in the PSU bank, pharma, FMCG, realty, media, energy and metal sectors on Nifty.

UPI transactions value up 8 pc to Rs 23.25 lakh cr in Dec, surges 35 pc in 2024

NEW DELHI:In a fresh record, the unified payments interface (UPI) transactions witnessed 8 per cent growth (on-month) in volume reaching 16.73 billion in December, the National Payments Corporation of India (NPCI) data showed on Wednesday.

India's exports of goods and services projected to surpass $800 bn in 2024: GTRI report

NEW DELHI: India's total exports of goods and services in 2024 are projected to exceed Rs 69,58,886 crore ($814 billion), which represents a 5.58 per cent increase compared to the corresponding figure of Rs 65,69,907 crore ($768.5 billion) in 2023, according to figures compiled by Global Trade Research Initiative (GTRI).

Hyundai Motor India achieves highest-ever domestic sales in 2024

NEW DELHI: Hyundai Motor India Limited (HMIL) on Wednesday said it has registered highest-ever yearly domestic sales of 6,05,433 units in 2024.

India's tobacco exports surge to record high of Rs 12,005 crore, farmers' income more than doubled

NEW DELHI: India's tobacco exports have surged by as much as 87 per cent during the past five years to touch a record Rs 12,005.89 crore ($1.45 billion) in 2023-24 as against Rs 6,408.15 crore in 2019-20, leading to the more than doubling of farmers' income, said Commerce and Industry Ministry on Wednesday.

Space economy to grow nearly 5 times to $44 billion in next decade: Minister

NEW DELHI:The Indian space economy is set to grow nearly 5 times from $8.4 billion to around $44 billion in the next decade, Union Minister of State for Science and Technology, Dr Jitendra Singh, has stressed.

Liquor sales during New Year festivities in Karnataka touch Rs 308 crore

BENGALURU:Karnataka State Beverages Corporation Limited (KSBCL) sold liquor worth Rs 308 crore during New Year celebrations in the state against the target of Rs 250 crore, sources said on Wednesday.

India enters 2025 as global lighthouse with 214 GW green energy capacity: Pralhad Joshi

NEW DELHI:As India ushers in New Year, it rounded off 2024 with 214 GW installed green energy capacity, according to figures compiled by the Ministry of New and Renewable Energy, while the country is firmly on track to meet its ambitious target of achieving 500 GW energy capacity from non-fossil fuels by 2030.

Assocham appoints industry veteran Manish Singhal as Secretary General

NEW DELHI: The Associated Chambers of Commerce and Industry of India (Assocham) on Wednesday appointed industry veteran Manish Singhal as Secretary General.

CBDT extends deadline for revised ITR to January 15

NEW DELHI: The last date for filing an Income Tax Return (ITR) for the financial year 2023-24 was July 31, and for those who could not, the time was for filing a revised ITR with late fees was December 31, but now, the Central Board of Direct Taxes has extended this deadline to January 15.

Year Ender: Indian startups raise $12 billion, new-age firm joins Sensex for first time

NEW DELHI: The year 2024 has been historic for Indian startups as the government abolished the angel tax (a tax levied on investing in startups), which improved Indian startups' funding and enabled them to raise more than $12 billion.

Stable political scenario, favourable policy, infra push to drive Indian economy in 2025

NEW DELHI: After a resilient performance in 2024 amid geo-political headwinds, the Indian economy is poised to be supported by a stable political scenario, favourable policy environments, the effects of production-linked incentive (PLI) programmes, possibilities brought about by changes in the global supply chain and government emphasis on infrastructure spending.

Gross NPA ratio of India’s banks falls to 12-year low of 2.6 pc

MUMBAI: The asset quality of India’s banks has improved further with their gross non-performing assets (GNPA) declining to 2.6 per cent of total advances in September 2024 which is the lowest level in the last 12 years, according to the RBI’s latest financial stability report.

Indian share market opens lower, prepares to move into New Year with caution

MUMBAI: The domestic benchmark indices opened lower on Tuesday as selling was seen in IT, realty, auto, financial service, FMCG, media and private bank sectors on Nifty.

Customized Corporate Gifts in Dubai: Elevating Business Relationships

Dubai is a hub of innovation, luxury, and professionalism, and the importance of fostering meaningful business relationships cannot be understated. One powerful way to achieve this is through corporate gifts in Dubai. Corporate gifting has become a vital tool for strengthening professional ties, enhancing employee morale, and leaving a lasting impression on clients and partners.

Adani Enterprises to raise over $2 billion after exiting from Adani Wilmar JV

AHMEDABAD: Adani Enterprises Ltd (AEL) on Monday announced that it will exit Adani Wilmar Ltd (AWL) by divesting its entire 44 per cent stake in the joint venture to raise over $2 billion.

Budget 2025-26: CII seeks cut in income tax, 3-tier Customs duty to spur growth

NEW DELHI: Apex business chamber CII on Monday urged Finance Minister Nirmala Sitharaman to reduce personal income tax for individuals earning up to Rs 20 lakh per annum, introduce a three-tier customs duty structure with higher tariffs on finished goods and go for a 25 per cent increase in government capex in the Union Budget 2025-26 to spur growth in the economy.

Indian stock market set to ride on strong economic growth in 2025

MUMBAI: The Indian benchmark indices in 2025 are set to ride on strong economic growth and government efforts to boost infrastructure and digital innovation, experts said on Monday.

Adani Enterprises’ share jumps nearly 5 pc, Adani Ports among top gainers

MUMBAI: The share of Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, jumped nearly 5 per cent in the morning trade on Monday.

Govt’s bank guarantee waiver for telcos to boost 4G, 5G networks: Vodafone Idea

MUMBAI: The government’s decision to waive bank guarantees for the telecom industry has come as a major relief and will help to boost 4G and 5G investments in India, according to telecom major Vodafone Idea.

Indian share market opens lower, Nifty below 23,800

MUMBAI: The Indian stock market opened lower on Monday as selling was seen in the auto, IT, PSU bank, financial service, FMCG, media, energy and metal sectors on Nifty in early trade.

Venture Capital investments in India surge to $16.8 bn in January-November: Report

NEW DELHI: Venture capital (VC) activity in India has witnessed significant growth from January to November 2024, with investments reaching $16.77 billion across 888 deals, according to the India Brand Equity Foundation (IBEF).

Centre's digitisation drive makes life easier for pensioners

NEW DELHI: The Centre has implemented several initiatives in 2024 aimed at enhancing the welfare of pensioners, streamlining grievance redressal, and promoting digitisation in pension processes, according to the Department of Pension & Pensioners’ Welfare (DoPPW) year-end review released on Sunday.

Navi Mumbai International Airport successfully conducts first flight validation test

NAVI MUMBAI: Ahead of its commercial launch in early 2025, the Navi Mumbai International Airport (NMIA), on Sunday, carried out its first commercial flight validation test as an A320 aircraft from Indigo Airlines successfully touched down on the runway.

India records highest ever coal production in 2023-24, focus on raising coking coal output

NEW DELHI: India recorded its highest ever coal production of 997.826 million tonnes (MT) in the financial year 2023-24 which represents an 11.71 per cent increase in comparison to the corresponding figure of 893.191 MT in the year 2022-23, according to the year-end review of the Coal Ministry.

Budget 2025-26: CII urges govt to cut income tax, reduce excise duty on fuels

NEW DELHI: The Confederation of Indian Industry (CII) on Sunday urged the Central government to reduce the income tax for individuals and cut excise duty on fuels to increase disposable incomes in the hands of consumers, which would increase spending thereby spurring economic growth.

NHAI invites tenders for Telangana's Regional Ring Road

HYDERABAD: The National Highways Authority of India (NHAI) has invited tenders for the construction of the northern part of the Regional Ring Road (RRR) in Telangana with a total estimated cost of Rs 5,554.02 crore.

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