Hyderabad, Dec 17 (UNI) Coromandel International Limited, India's leading agri-solutions provider, and Mahindra & Mahindra Limited Farm Equipment Sector (FES) business vertical, Krish-e, on Tuesday announced a partnership to extend Coromandel's drone spraying services, Gromor Drive, to Indian farmers. Currently, it is operational in seven key states Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Maharashtra, Madhya Pradesh and Uttar Pradesh. Gromor Drive's operations are supported by RPTO-tr...Read More
The war of words between Jairam Ramesh and Jyotiraditya Scindia broke out on X Congress MP Jairam Ramesh attacked the Centre over its decision to assign spectrum for satellite-based communications administratively, drawing a sharp retort from Union Minister Jyotiraditya Scindia. In a post on X, Mr Ramesh on Monday shared a question asked by his party colleague Viriato Fernandes in the Lok Sabha as to whether the government's decision to allocate satellite spectrum through administrative means ...Read More
Mumbai, Dec 17 (PTI) Agri-solutions provider Coromandel International and Mahindra and Mahindra's farm equipment sector business vertical, Krish-e, on Tuesday announced a partnership to extend Coromandel's drone spraying services, Gromor Drive. Currently operational in seven key states of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Maharashtra, Madhya Pradesh and Uttar Pradesh, Gromor Drive's operations are supported by RPTO-trained pilots, according to a joint statement. Coromandel's dr...Read More
Mumbai, Dec 17 (PTI) Equity benchmark indices Sensex and Nifty slumped over 1 per cent on Tuesday, weighed down by an across-the-board selloff amid cautious investors approach ahead of the US Fed interest rate decision. Falling for the second day in a row, the 30-share BSE benchmark Sensex tanked 1,064.12 points or 1.30 per cent to settle at 80,684.45. During the day, it slumped 1,136.37 points or 1.39 per cent to 80,612.20. The NSE Nifty tumbled 332.25 points or 1.35 per cent to 24,336. From...Read More
New Delhi: The Employees' Provident Fund Organisation (EPFO) is planning to introduce a new "self-approval" mechanism for subscribers to withdraw their provident fund (PF) money through an automated process, according to a report by The Financial Express. The proposed system is aimed at simplifying and speeding up the PF withdrawal process, which currently involves multiple checks, approvals, and submission of forms. At present, subscribers must wait for their requests to be verified and appro...Read More
Mumbai, Dec 17 (UNI) The BSE Sensex on Tuesday dropped another 1064.12 pts to settle at 80,684.45 as selling was witnessed in Telecommunications, Metal, and Energy stocks amid weak global cues. The National Stock Exchange (NSE) slipped 332.25 pts at 24,336. The BSE Sensex fell 237 pts to open at 81,511.81. It remained negative throughout the session. During the day it tanked 1136 pts at 80,612.20, a day low, before closing at 80,684.45, sinking 1064.12 pts from its previous close. The Nifty ...Read More
Jamshedpur, Dec 17 (PTI) Tata Steel has operationalised an all-women shift at its Noamundi iron mine in Jharkhand's West Singhbhum district, an initiative introduced in the country for the first time, a company statement said. Women employees were engaged in all the mining activities of the shift, including heavy earth moving machinery, shovel, loader, drill [...] Jamshedpur, Dec 17 (PTI) Tata Steel has operationalised an all-women shift at its Noamundi iron mine in Jharkhand's West Singhbhum d...Read More
New Delhi, December 17: Maruti Suzuki is reportedly testing a new Grand Vitara 7 seater SUV. Reports indicate that a new SUV has been spotted undergoing testing with camouflage, which suggests that it is still in the development phase. Design clues observed on the vehicle hint that it may be inspired from the upcoming Maruti Suzuki e-Vitara electric SUV. Multiple reports suggest that the SUV spotted in camouflage is believed to be the upcoming 7-seater version, codenamed Y17. Spy photos circula...Read More
Jaipur (Rajasthan) [India], December 17 (ANI): Madhya Pradesh Chief Minister Mohan Yadav expressed his gratitude to Prime Minister Narendra Modi over the signing of a Memorandum of Understanding (MoU) for the Parvati-Kalisindh-Chambal (PKC) inter-state river linking project between Rajasthan and Madhya Pradesh on Tuesday. PM Modi participated in the 'Ek Varsh-Parinaam Utkarsh' programme organised in Jaipur to mark the completion of one year of the BJP government in Rajasthan. During the event, ...Read More
New Delhi, December 17: Fitness startup Curefit's consolidated loss has increased by 42 per cent to Rs 888.5 crore in FY24 from Rs 625.5 crore in FY23. The company's EBITDA loss surged by 123.4 per cent to Rs 587.97 crore in FY24 from Rs 263.2 crore in FY23. The reason for the increase in the company's loss in the last financial year is the high cash burn. Curefit's advertising and promotion expenditure has increased by 40.67 per cent year-on-year (YoY) basis to Rs 188.5 crore in FY24 from Rs 1...Read More
Mumbai, December 17: Mumbai has achieved a significant milestone with the completion of its first cable-stayed road overbridge at Reay Road station. The bridge, which spans the city's rail lines, has six lanes and includes a dedicated pedestrian footpath. Construction of the bridge, which began on February 14, 2022, was completed in just two years, making it one of the fastest-built overbridges in the country. The project, led by the Maharashtra Rail Infrastructure Development Corporation (MRIDC...Read More
Chennai, Dec 17 (PTI) Agri-solutions provider Coromandel International Ltd has signed a strategic partnership with Krish-e, the farm equipment business vertical of Mahindra and Mahindra Ltd, to offer its drone spraying service 'Gromor Drive' to the farming community, a top company official said on Tuesday. The service is currently available in Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Maharashtra, Madhya Pradesh, and Uttar Pradesh. Gromor Drive operations are supported by pilots trained...Read More
New Delhi, Dec 17 (PTI) Drug firm Granules India on Tuesday said its subsidiary has received approval from the US health regulator for a generic medication used to treat attention-deficit hyperactivity disorder. Granules Pharmaceuticals, Inc (GPI) has received approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Lisdexamfetamine Dimesylate chewable tablets, the drug firm said in a statement. The approved drug is available in multiple stren...Read More
New Delhi, Dec 17 (PTI) Carraro India Ltd, the manufacturer of transmission systems for off-highway vehicles and other agricultural and construction equipment, on Tuesday fixed a price band of Rs 668-774 per share of its Rs 1,250-crore initial public offering (IPO) that will open for subscription on December 20. The Pune-based company's initial share-sale will conclude on December 24 and the anchor bidding will open for a day on December 19, the company said. Carraro India's IPO is completely ...Read More
Mumbai, Dec 17 (PTI) The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 84.90 (provisional) against the US dollar on Tuesday, weighed down by disappointing trade balance data and weak domestic markets. Forex traders said the rupee is likely to remain under pressure due to concerns over slowdown in the economy and dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.89 and touched an all-time low of 84.93 ag...Read More
New Delhi: Air India is set to overhaul its international operations by introducing a fleet of upgraded aircraft and adjusting flight schedules. As part of its ambitious five-year transformation plan, the airline will deploy retrofitted A320 neo aircraft, former Vistara A321 neo planes, and Boeing 787-9s on select routes. The airline will also optimise its flight schedules for services from Delhi to Paris and Frankfurt....Read More
Bengaluru, India (OTE) - Leveraging Infosys Topaz and Google Cloud technology, the center of excellence will foster co-innovation to deliver transformative AI-powered solutions Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the launch of a Google Cloud center of excellence, powered by Infosys Topaz, to foster enterprise AI innovation. The center will serve as a catalyst for co-creation and help businesses harn...Read More
New Delhi, December 17: Maruti Suzuki India on Tuesday announced a production milestone of 2 million vehicles in a calendar year for the first time in its history. The automaker also became the first among Suzuki Motor Corporation's global automobile manufacturing facilities to reach this landmark. Of the 2 million vehicles, almost 60 per cent were manufactured in Haryana and 40 per cent in Gujarat. "The 2 million production milestone is a testament to India's manufacturing potential and our de...Read More
MUMBAI (Reuters): The Indian rupee weakened to its lifetime low on Tuesday, hurt by concerns about a widening trade deficit and likely outflows from local equities, although intervention by the central bank capped losses. The rupee hit a low of 84.93 against the US dollar, before closing at 84.8950, down 0.04% on the day. Benchmark Indian equity indexes BSE Sensex and Nifty 50, closed lower by over 1% each, dragged by weakness in financial stocks and Reliance Industries. Investor sentiment was...Read More
New Delhi [India], December 17 (ANI): Maruti Suzuki India Limited (MSIL), India's leading passenger vehicle manufacturer, has achieved an extraordinary milestone by producing two million vehicles in single calendar year. According to Maruti Suzuki, this feat makes Maruti Suzuki the first original equipment manufacturer (OEM) in India to reach this landmark and the first among Suzuki Motor Corporation's global facilities to achieve such a scale. Also Read | Maratha Quota Activist Manoj Jarange ...Read More
New Delhi, Dec 17 (VOICE) India has added nearly 15 GW of renewable energy capacity during April-November in the current financial year, which is almost double the 7.54 GW added during the same period last year, Union New and Renewable Energy Minister Pralhad Joshi said on Tuesday. Addressing the CII International Energy Conference and Exhibition (IECE) here, the Minister further stated that India's total installed capacity in the non-fossil fuel energy sector has reached 214 GW, marking an incr...Read More
New Delhi: Tata Nano car got very good support from people across the country. The dream of even low-income people to sit in the car came true. However, Tata completely stopped the operation of this car after a few days, which was like a big shock to the customers. Do you know that the company is now going to give sleepless nights to Maruti Suzuki. If the rumors going viral on social media are to be believed, Tata Motors is going to launch Nano Electric. It is being discussed that the company w...Read More
New Delhi, Dec 17 (VOICE) Fitness startup Curefit's consolidated loss has increased by 42 per cent to Rs 888.5 crore in FY24 from Rs 625.5 crore in FY23. The company's EBITDA loss surged by 123.4 per cent to Rs 587.97 crore in FY24 from Rs 263.2 crore in FY23. The reason for the increase in the company's loss in the last financial year is the high cash burn. Curefit's advertising and promotion expenditure has increased by 40.67 per cent year-on-year (YoY) basis to Rs 188.5 crore in FY24 from Rs...Read More
New Delhi: The wait for the launch of Royal Enfield Goan Classic 350 bike in the Indian market is about to end. This bike will be launched after two days, which can get very good support among the people. The mileage and features of the bike can also be amazing. Royal Enfield Goan Classic 350 is believed to be launched on 23 November. Earlier, a teaser has been released by the company. You can see in the teaser that the look and design of the bike looks very cool. There is a possibility of seei...Read More
New Delhi, Dec. 17: India's exports in November contracted by 4.85 per cent year-on-year to USD 32.11 billion, and trade deficit widened to an all-time high of USD 37.84 billion due to record surge in gold points. This development follows after India recorded double-digit growth in exports in October. According to the commerce ministry data, imports rose by 27 per cent year-on-year to a record USD 69.95 billion in November due to high inbound shipments of vegetable oil, fertiliser, and silver....Read More
New Delhi [India], December 17 (ANI): In a significant move aimed at enhancing tax compliance and transparency, the Central Board of Direct Taxes (CBDT) has initiated an electronic campaign to address the discrepancies between the income and transactions reported in the Annual Information Statement (AIS) and those disclosed in Income Tax Returns (ITRs). According to the Ministry of Finance, this initiative targets the financial years 2023-24 and 2021-22, extending its scope to include individua...Read More
New Delhi: ONGC's production trend is beginning to turn after eight straight years of fall as a key new field in KG Basin ramps up and the old Mumbai High asset arrests decline. ONGC's crude production rose 3% year-on-year in November to 53,804 tonnes per day (tpd) and the output growth so far in December has accelerated to 4.2% to 54,535 tpd, according to people with knowledge of the matter. The output was marginally higher in three of the first seven months this fiscal year but there is a cl...Read More
NEW DELHI, Dec 13 (Reuters) - India should do more to tax its super-rich given its high levels of inequality, French economist and author Thomas Piketty said on Friday. The writer of the best-selling book "Capital in the 21st Century" called on India to follow through on a July pledge by finance ministers from the Group of 20 major economies to cooperate on effectively taxing the world's largest fortunes. "India should be active in taxing the rich," Piketty said at an event organised by Delhi-...Read More
The Tripura government has planned to bring around 7,000 hectares of wasteland under oil palm cultivation by the 2026-27 financial year (FY'27), an official said on Friday. Initially, the Centre had identified 7,000 hectares for oil palm cultivation in the state but the ICAR-Indian Institute of Oil Palm Research reassessment committee classified 146,000 hectares as a potential area for such farming in 2020 through digital mapping. "Under the National Mission on Edible Oil-Oil Palm (NMEO-OP), t...Read More
Tata Steel is bolstering its iron ore supply for its planned 40 MTPA steel production by 2030. With four mine leases expiring in 2030, the company is operationalizing two new mines and negotiating with NMDC and OMC for additional ore. These strategies aim to secure the over 60 MT of iron ore required for the expanded steel capacity.Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its dom...Read More