Monday, December 02, 2024

Business

Number of women filing income tax returns in India surge 25.3 pc in 4 years

NEW DELHI: The total number of women filing income tax returns in India has shot up by a robust 25.3 per cent in the last four years from 1.83 crore in assessment year (AY) 2019-20 to over 2.29 crore in AY 2023-24, according to figures compiled by the Income Tax Department.

25 pc hike in Centre’s capex to spur growth in second half of 2024-25: Report

NEW DELHI: The Central government's capital expenditure is expected to increase by a robust 25 per cent in the second half of the financial year 204-2025 compared to the same period of the previous year, according to a report by Jefferies.

Ola Electric vehicle registrations decline by 33 pc in November

NEW DELHI: After a blockbuster sales figure in October due to the festive season, Ola Electric vehicle registrations dropped by 33 per cent in November.

Artisans rake in Rs 5.85 crore at IITF-2024 as stalls prove to be big hit

NEW DELHI: The stalls put up by underprivileged artisans supported by the Union Ministry of Social Justice and Empowerment proved to be a huge draw among visitors during the IITF-2024 and netted record sales of Rs. 5.85 crore, according to official figures released on Sunday.

Potato prices in Bengal retail markets likely to rise as traders threaten strike

KOLKATA: The price of potatoes, which is already high in the retail markets of West Bengal, might rise further in the coming week following the decision of the traders association to go for a strike if the ongoing impasse over the state government’s ban on the export of these vegetables to other states is not resolved.

Market Outlook: RBI MPC, PMI and global economic data key factors for next week

NEW DELHI: Indian market outlook for next week will be guided by major domestic and global economic events such as RBI's interest rate decision, manufacturing and services PMI data, auto sales, US job and PMI data, according to the experts.

BJP-NDA states get the lion’s share of Centre’s tourism dole

MUMBAI: On expected lines, at least 17 states ruled by the Bharatiya Janata Party solo or as NDA alliance have bagged the lion’s share of the Centre’s Rs 3,295.76 crore as Special Assistance, from the total 23 states for developing 40 new tourism sites, announced by the government.

South Korea's exports grow for 14th month on record chip shipments

SEOUL:South Korea's exports extended on-year gains to the 14th straight month in November, data showed on Sunday, on the back of the strong performance of chips.

Bookings for the Air India Express ‘Payday Sale’ are open till 2nd December 2024.

NEW DELHI: 30-Bookings for the Air India Express ‘Payday Sale’ are open till 2nd December 2024.November-2024, National: Air India Express has launched its 'Payday Sale,' offering Xpress Value fares starting at ₹1,199 and the exclusive zero baggage Xpress Lite fares starting at ₹1,049. The sale is open for bookings on domestic flights until 2nd December 2024, for travel between 7th January and 31st March 2025.

IICA ropes in top search firms for finer selection of Independent Directors

NEW DELHI: The Indian Institute of Corporate Affairs (IICA) signed an MoU with six leading executive search firms on Saturday to enhance the selection and appointment processes for Independent Directors in Indian boardrooms, in a move aimed at aligning corporate governance in the country with global best standards.

Office rentals rising steadily in top 10 Indian cities, Pune leads: Report

BENGALURU: Office rentals have shown a consistent increase in India's 10 top cities with Pune emerging as the leader with a compound annual growth rate of 6.9 per cent over the last 12 years, according to a commercial property rental index launched by the Indian Institute of Management-Bangalore (IIM-Bangalore) in collaboration with CRE Matrix.

China's manufacturing sector posts faster expansion in November

BIEJING: China's manufacturing sector registered faster expansion in November on government policy support, official data showed on Saturday.

US retailers use Trump tariff threats to urge shoppers to buy more: Report

NEW YORK: Many US businesses are urging customers to buy now before President-elect Donald Trump's proposed tariffs potentially raise costs and prices, local media reported

Nasscom launches playbook for developers to identify, mitigate AI risks in India

NEW DELHI: Nasscom on Friday unveiled The Developer’s playbook for responsible AI in India, which will help developers identify and mitigate risks in AI development, deployment, and use in the countr

India’s real estate sector growth outlook firms up: Report

MUMBAI: There is rising confidence in the growth of India’s real estate sector over the next six months, according to a Knight Frank-NAREDCO survey released on Friday.

CRISIL reaffirms strong credit ratings for Adani Group firms

NEW DELHI: CRISIL Ratings has reaffirmed its strong credit ratings for Adani Group companies in its latest report released on Friday.

FM Sitharaman in Bihar for two-day visit to boost rural banking, financial inclusion

PATNA: Union Finance Minister Nirmala Sitharaman arrived in Patna on Friday for a two-day visit with the aim to focus on boosting rural banking, entrepreneurship, and financial inclusion in the eastern region.

‘Protect yourself’: Nithin Kamath shares advice amid rising financial frauds

NEW DELHI: Online brokerage firm Zerodha’s co-founder and CEO Nithin Kamath on Friday asked people to safeguard themselves, even as financial frauds are rising in the country.

Directorate General of Hydrocarbons, IIT Bombay to foster R&D in decarbonising petroleum sector

NEW DELHI: The Directorate General of Hydrocarbons under the Ministry of Petroleum and Natural Gas has joined hands with the Indian Institute of Technology Bombay, to foster research and development in enhanced hydrocarbon recovery and geologic carbon dioxide storage.

Indian startups raise $9.2 bn VC funding during Jan-Oct: Report

NEW DELHI: About 984 venture capital (VC) funding deals were announced in India during January-October 2024, and the total disclosed funding value of these jumped by 44.4 per cent YoY to $9.2 billion during the same period, according to a report on Friday.

Trump tariffs not going to help America become great again: Jim Rogers

NEW DELHI: US President-elect Donald Trump has been making a lot of noise about how he is going to help America with tariffs but "I doubt that it could happen", ace American investor and financial commentator Jim Rogers has stressed.

Share market opens in green, media and pharma stocks shine

MUMBAI: The Indian stock market opened in green on Friday as buying was seen in the Media and Pharma sector in early trade.

GAIL signs pact to revive petrochemical plant in Mangalore

NEW DELHI: Government-owned gas giant GAIL (India) Limited has announced that its wholly-owned subsidiary GAIL Mangalore Petrochemicals Limited (GMPL), has re-engaged with process licensor INEOS to support the revival of its plant.

Sensex slumps 1,190 pts, Nifty closes below 24,000

MUMBAI: The Indian stock market ended in red on Thursday as Sensex and Nifty were down by more than 1 per cent.

Preamble of Indian Constitution describes country's collective spirit: Gopalkrishna Gandhi

SONIPAT: Former High Commissioner and Ambassador Gopalkrishna Gandhi has said, "The Preamble of the Indian Constitution is philosophically and politically optimistic and unique and makes us feel the power of the country's collective spirit."

Global sovereign funds, top investors reaffirm support for Adani Group

NEW DELHI: Abu Dhabi's International Holding Company (IHC) on Thursday said its outlook on investments in the Adani Group remains unchanged despite the US indictment of some of the conglomerate officials.

IITF 2024 closes on high note with over 1 million visitors

NEW DELHI: The 43rd edition of the India International Trade Fair (IITF) in the national capital this year succeeded in attracting more than one million visitors and generating a good amount of business for participants, said Premjit Lal, Executive Director of India Trade Promotion Organisation (ITPO).

Centre plans to invest Rs 9.1 lakh crore for expanding electricity network

NEW DELHI: The Union Ministry of Power has drawn up plans to invest Rs 9.12 lakh crore to expand power transmission infrastructure in the country by 2031-32, Minister of State for Power Shripad Yesso Naik has informed the Rajya Sabha.

Credit card spending in India crosses Rs 2 lakh crore in Oct

NEW DELHI: As festive season saw robust growth in India across all parameters, credit card spending crossed Rs 2 lakh crore in October, a 14.5 per cent rise from September.

Indian stock market opens flat, realty stocks shine

MUMBAI: The Indian stock market opened flat on Thursday as buying was seen in the realty sector in early trade.

South Korea makes surprise rate cut for 2nd session

SEOUL: South Korea's central bank slashed its benchmark interest rate for a second consecutive session on Thursday in a clear indication of its policy focus on reviving economic growth momentum amid slowing exports and uncertainties stemming from the new Donald Trump administration.

The Role of Energy Consultants in Renewable Energy Projects

The shift towards renewable energy is changing the global energy landscape. As nations aim for sustainability, the need for precise planning and efficient execution of renewable energy projects has never been greater. Energy consultants play a pivotal role in this transition by providing expertise that ensures optimal resource utilisation and long-term project success. Their contributions span feasibility studies, equipment selection, and the deployment of advanced technologies, making them indispensable in today's energy sector. 

Adani Portfolio stocks rally up to 20 pc, Group adds Rs 1.25 lakh crore to its market cap

MUMBAI: The Adani Group saw a stupendous rise in its market capitalisation on Wednesday, adding nearly Rs 1.25 lakh crore to its value, as shares of its portfolio of companies rallied by up to 20 per cent, led by Adani Power and Adani Green.

Sensex ends in green, Adani Ports top gainer

MUMBAI: The Indian stock market ended in green on Wednesday as buying was seen in the energy, commodities, and the PSE sectors.

Myntra hosts Rising Stars D2C Summit to boost India’s beauty brand ecosystem

BENGALURU: In its commitment to provide impetus to made-in-India homegrown beauty and personal care brands Myntra recently hosted the first edition of one-of-its-kind ‘Myntra Rising Stars (MRS) Beauty Summit’.

Air India optimises key domestic metro routes post Vistara merger

NEW DELHI: Post Vistara-integration, national carrier Air India on Wednesday announced an optimisation of its domestic route network that will prioritise deployment of its best narrowbody cabin products on five key metro-to-metro routes, beginning December 1.

'Indictment from US is baseless, lacks evidence', Mahesh Jethmalani slams Cong over Adani issue

NEW DELHI: Rajya Sabha MP and Senior Advocate Mahesh Jethmalani on Wednesday slammed the Congress party for "blindly relying on an indictment" to make "baseless statements" against Indian industrialists and the Government of India.

Centre spent Rs 3,623 crore on steps to curb burning of crop stubble

NEW DELHI: The Centre has spent Rs 3,623.45 crore on crop residue management, since 2018, in Delhi, Punjab, Haryana, and Uttar Pradesh, Union Minister of State for Environment, Forest and Climate Change Kirti Vardhan Singh informed in the Lok Sabha.

Indian stock market opens flat, all Adani shares trade in green

MUMBAI: The Indian stock market opened flat on Wednesday as buying was seen in the auto and IT sectors. Shares of all Adani Portfolio of companies were trading in green in the morning trade.

Gautam Adani, nephew Sagar Adani clear of bribery charges as per US DoJ indictment

NEW DELHI: Adani Group Chairman Gautam Adani, nephew Sagar Adani, and senior executive Vneet Jaain are clear of any bribery charges as per the US Department of Justice (DoJ), according to the latest filing with the stock exchanges by a group company, Adani Green Energy Ltd. (AGEL).

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