NITI plan ready for economic uplift of 4 cities

NITI plan ready for economic uplift of 4 cities

Sunday, 11 February 2024 | PTI | New Delhi

The NITI Aayog has prepared a plan for economic transformation of Mumbai, Surat, Varanasi and Vizag and help India become a developed economy by 2047, its CEO BVR Subrahmanyam said on Saturday. He also said the Aayog plans to prepare economic planning of 20-25 more cities, as they are the centre...

Business brief

Saturday, 10 February 2024 | Agencies

PFC Q3 net profit rises 20 per cent New Delhi: Power Finance Corporation posted over 20 per cent rise in its consolidated net profit to Rs 6,294.44 crore in the December quarter, on the back of higher revenues.  The company’s consolidated net profit was Rs 5,241.10 crore in the quarter ended...

`5077 crore FDI reported by companies operating in defence sector: Government

Saturday, 10 February 2024 | PTI | new delhi

Foreign Direct Investment (FDI) worth Rs 5077 crore has been reported by companies operating in the defence sector, the defence ministry said in Lok Sabha on Friday. The data was provided by Minister of State for Defence Ajay Bhatt while replying to a question. The defence industry sector was opened up in...

Forex reserves jump to USD 622.469 billion

Saturday, 10 February 2024 | PTI | Mumbai

India’s forex reserves jumped by USD 5.736 billion to USD 622.469 billion for the week ended February 2, the Reserve Bank said on Friday. In the previous week, the overall reserves had increased by USD 591 million to USD 616.733 billion. In October 2021, the country’s forex kitty had reached an...

EESL inks Rs 500 crore pacts with State bodies, industry partners

Saturday, 10 February 2024 | PTI | new delhi

State-owned Energy Efficiency Services Ltd (EESL) has inked initial pacts worth Rs 500 crore with key state bodies and industry partners at the India Energy Week, to formulate a framework for longstanding collaboration in key areas of energy efficiency. Ladakh Autonomous Hill Development Council, Leh (LAHDC), and Vidhya Pratishthan have partnered...

Sensex gains 167 points on buying in bank shares, Reliance

Saturday, 10 February 2024 | PTI | Mumbai

Benchmark Sensex closed higher by 167 points in a volatile trade on Friday driven by buying in ICICI Bank, State Bank of India and Reliance Industries. The 30-share BSE Sensex climbed 167.06 points or 0.23 per cent to settle at 71,595.49. During the day, it hit a high of 71,676.49 and...

Paytm shares fall over 15 per cent in 2 days

Saturday, 10 February 2024 | PTI | new delhi

Shares of One97 Communications Ltd, which owns the Paytm brand, tanked over 15 per cent in two days as investors again turned to dump the stock. Extending its previous day’s decline, the stock tanked 6.09 per cent to settle at Rs 419.85 on the BSE. During the day, it dived 8.67...

Uncharacteristic of NBFCs to seek bank licences: RBI

Saturday, 10 February 2024 | PTI | Mumbai

Reserve Bank Deputy Governor M Rajeshwar Rao on Friday said it is uncharacteristic of non-bank lenders to seek bank licences when they are already enjoying some regulatory advantages. Addressing a conference on non-bank finance companies (NBFCs) organized by CII, Rao also hit out at certain microlenders for “misusing” the liberty offered...

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