India allows Nepal to export additional 251 MW of power
India has allowed Nepal to export an additional 251 MW of electricity to the country, marking the first time the Himalayan nation will supply power to Bihar under a medium-term sales agreement, an official statement said on Monday. “India’s Designated Authority for Cross-Border Trade has approved an additional 251 MW of...
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DICV inaugurates mechatronics lab in Chennai
20 August 2024 | PTI -
FinMin should identify high risk taxpayers in GST composition scheme: CAG
20 August 2024 | PTI -
Deposit growth trailing credit concerns statistical myth if seen since FY22: SBI Economists
20 August 2024 | PTI -
TruAlt Bioenergy files IPO papers with Sebi; aims to mop up Rs 750 crore via fresh issue
20 August 2024 | PTI -
Sebi segregates Rs 76,293 cr dues under ‘difficult to recover’ category
20 August 2024 | PTI -
Rupee rises 8 paise to close at 83.87 against US dollar
20 August 2024 | PTI -
RBI for periodic revision of deposit insurance coverage
20 August 2024 | PTI
Sensex, Nifty settle almost flat in lacklustre trade
Benchmark equity indices Sensex and Nifty ended on a flat note in a lacklustre trade on Monday, as investors preferred to remain on the sidelines awaiting further triggers. Participants also booked profits in select blue-chip stocks amid high valuation concerns, according to experts. In a range-bound trade, the 30-share BSE Sensex slipped...
Cognizant says entry-level annual pay for engineers at Rs 4-12 lakh; best in industry
Facing social media backlash over the Rs 2.52 lakh annual salary offer for freshers, IT giant Cognizant on Sunday said it offers Rs 4-12 lakh salary to fresh engineering graduates, and the salary being quoted on social media is for non-engineering undergraduate degree holders. The firm also faced social media ridicule...
Indian businesses need to align cyber security budgets with growth objectives, says Kaspersky
Indian businesses need to align cyber security budgets with their growth objectives to ensure sustainable expansion in the face of increasing digitalisation and associated risks, a top official of Kaspersky has said. The emergence of new-age technologies, including artificial intelligence and GenAI, is critical for companies to boost their businesses. “In order...
Hero MotoCorp gets over Rs 17 cr tax notice from Delhi GST authorities
Hero MotoCorp on Sunday said it has received a demand notice of over Rs 17 crore from Delhi GST authorities. The company has received an order dated August 17, 2024, for disallowance of input tax credit for FY 2019-20 from the Office of the GST Officer, Government of NCT of Delhi,...
FMCG players expect volume trends to sustain amid rising demand in rural markets
Fast-moving consumer goods (FMCG) companies expect to sustain volume growth in the coming quarters, buoyed by recovery of demand in rural markets and good monsoon, despite concerns over growing food inflation.FMCG majors, including HUL, ITC, Dabur, Britannia, Nestle and Emami, in their June quarter earnings have reported ‘green shoots’ from...
Foxconn working on plans to set up battery energy storage system unit
Taiwanese electronics manufacturing giant Foxconn is working on plans to set up a battery energy storage system unit in India, its Chairman Young Liu said here. With an eye on the electric vehicle segment, Foxconn has been expanding its battery manufacturing business, with the first plant already set up in Taiwan. Liu...
FPIs turn net sellers; pull out Rs 21,201 crore from equities in August so far
Foreign investors continued their relentless selling in the Indian equity markets in August, offloading shares worth Rs 21,201 crore due to the unwinding of the yen carry trade, recession fears in the US and ongoing geopolitical conflicts. This came after an inflow of Rs 32,365 crore in July and Rs 26,565...
