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Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 ...Read More >
Chennai: Tamil Nadu Chief Minister MK Stalin on Monday backed West Bengal Chief Minister Mamata Banerjee for calling out the Delhi police for allegedly referring to Bengali as a Bangladeshi language, labelling it a "direct insult to the very language in which the National Anthem is composed." Stalin said such remarks were not "inadvertent errors" but a reflection of a regime that undermines India's linguistic diversity. "The Delhi Police, under the Union Home Ministry, has described Bengali as ...Read More >
India's JSW Cement has priced its ₹3600 crore ($412.72 million) initial public offering between ₹139 to 147, a newspaper advertisement showed on Monday. The cement arm of the steel-to-autos JSW conglomerate first filed to go public last August, but the country's markets regulator put it on ice for four months without disclosing a reason and approved the filing only in January this year. The firm has presence in India's southern, eastern and western regions and operates seven plants, as of fisc ...Read More >
India's overall trade deficit (merchandise and services) narrowed significantly to $3.51 billion in June 2025, down from $7.30 billion in June 2024, as exports outpaced imports on a year-on-year basis, government data showed on Tuesday. The decline in the trade deficit reflects stronger export performance, aided by resilient demand in key global markets and robust service sector growth. The data suggests that overall exports (merchandise and services) rose to $67.98 billion in June 2025, compa ...Read More >
Indian Renewable Energy Development Agency (IREDA) shares fell 4.6 per cent to ₹161.83 on Friday, July 11, following disappointing first-quarter results that highlighted significant deterioration in asset quality. The stock opened at ₹161 and touched an intraday low of ₹159.80, trading well below its previous close of ₹169.64. The renewable energy financier's gross non-performing assets (NPAs) worsened sharply to 4.13 per cent in the June quarter from 2.45 per cent in March, while net NPAs rose ...Read More >
India pays digitally: 2025 marks the third year of the 'Har payment digital' initiative by Reserve Bank of India (RBI). Indeed, it is huge leap: India crossed 20 billion payments (approximating ₹250 trillion) through digital modes (Sanjay Malhotra, Governor, Reserve Bank of India, Mumbai, March 10, 2025). However, while there is no denying the convenience and time-saving brought in by the quantum leap in digital payments, do digital payments actually contribute to GDP growth? Are payments leadi ...Read More >
Cochin Oil Merchants Association (COMA) has approached the Centre with a request to remove the statutory barriers for importing copra and coconuts considering its shortage being faced by the industry. In a letter to the Prime Minister and Commerce Minister, COMA said that the business is facing a severe setback due to the dearth of coconut and copra in the wake of declining production. The government should lift the control imposed on imports from countries such as Indonesia, Philippines etc w ...Read More >
TVS Industrial & Logistics Parks (TVS ILP), a part of the TVS Mobility Group and a joint venture between TVS Supply Chain Solutions (TVS SCS) and Ravi Swaminathan & Family, has listed its Infrastructure Investment Trust (InvIT) -- TVS Infrastructure Trust -- on the National Stock Exchange (NSE). The company develops Grade A warehousing and industrial infrastructure. This initiative is backed by marquee global and domestic investors, including the International Finance Corporation (IFC), a membe ...Read More >
Jindal (India) Ltd on Monday said the company has received a letter of approval from the Odisha government for its proposed greenfield project in the state to be set up with an investment of ₹3,600 crore. The company plans to invest ₹15,000 crore in three phases in Odisha by 2030, it said in a statement. "Jindal (India) Limited gets High-Level Clearance Authority (HLCA) approval for ₹3,600 crore steel plant in Odisha," the statement said. The company's facility will focus on manufacturing spe ...Read More >
Srinagar, Jul 3 (PTI) The annual Amarnath Yatra began on Thursday with the first batches of pilgrims setting off from the twin base camps in Baltal and Nunwan towards the 3880-metre-high cave shrine in the south Kashmir Himalayas, which houses a naturally formed ice-lingam, officials said. The yatra started early morning from the twin tracks -- the traditional 48-km Nunwan-Pahalgam route and the 14-km Baltal route. The batches of pilgrims, including men, women and sadhus, left from the Nunwan ...Read More >
India's balance of payments (BoP) recorded a $13.5 billion current account surplus in the fourth quarter of fiscal year 2025 (Q4FY25), equivalent to 1.3 per cent of GDP. This surplus, driven by robust services exports and remittances, paints a picture of external sector strength. However, it conceals significant vulnerabilities in merchandise trade, capital inflows, and domestic demand. In fiscal year 2025 (FY25), the current account deficit (CAD) moderated to -0.6 per cent of GDP, an unusual o ...Read More >
India's homegrown Unified Payments Interface (UPI) registered 18.40 billion transactions amounting to ₹24.04-lakh crore in June, according to National Payments Corporation of India (NPCI) data. The transaction volume grew 32 per cent on a yearly basis, while value of UPI transactions was up 20 per cent in June. On average, UPI ecosystem recorded 613 million transaction daily in June, while the average daily UPI transaction value was ₹80,131 crore. In May, a total of 18.68 billion UPI transactio ...Read More >
Dhar: A waste disposal facility at Pithampur is seen where a huge quantity of waste from Bhopal's Union Carbide factory has been brought for disposal, in Dhar district, Madhya Pradesh All 337 tonnes of waste of the now defunct Union Carbide factory in Bhopal has been burnt to ashes at a disposal plant in Pithampur, nearly six months after being brought to the unit, an official said on Monday. While 30 tons of the waste was burnt earlier during three trials at the plant, the remaining 307 tons ...Read More >
India's Free Trade Agreements (FTA) with other countries will not impact prices of luxury cars in India, according to Mercedes-Benz India. The German luxury carmaker stated that across automakers operating the country, luxury cars are majorly manufactured in India. "We have always encouraged free trade. We are looking forward to the EU-India FTA and even the India-UK FTA; they surely drive the economic growth of the country, for the segments. As a large multinational operating in multiple geog ...Read More >
Hazaribagh: The Hazaribagh district administration has ordered an inquiry, after a woman in labour was allegedly denied admission to a government hospital, where nurses declared that her baby had died in the womb, but she later gave birth to a boy at a private medical facility. Manisha Devi's husband claimed that she travelled around 120 km with him from Chalkusha Block to reach the Sheikh Bhikhari Medical College and Hospital in Hazaribagh on Wednesday, only to be told by the nurses that her h ...Read More >
GAIL (India) said on Friday that it has successfully berthed and discharged its first LNG vessel at the Dabhol LNG terminal following the completion of its landmark breakwater project. The vessel, GAIL Bhuwan, was received on June 2, 2025, by Sandeep Kumar Gupta, CMD of GAIL, marking the beginning of uninterrupted, round-the-year operations at the terminal. With the commissioning of the breakwater after receipt of all statutory approvals, Dabhol LNG Terminal has now been designated an all-weat ...Read More >
The United States congressional subcommittee's final report on the Covid-19 pandemic has pointed to the "lab leak" theory, making it the latest US report pinning the origins of the SARS-CoV-2 virus to the Wuhan lab in China. "Four years after the onset of the worst pandemic in 100 years, the weight of the evidence increasingly supports the lab leak hypothesis," the 500-plus page report said, adding that since they began their work in February 2023, more senior intelligence officials, politician ...Read More >
The rupee declined to a new all-time low after data showed a sharp slowdown in the economic growth. Bonds extended gains on bets the central bank may cut interest rates sooner than anticipated. The rupee fell 0.2 per cent to 84.6637 per dollar after a government report on Friday showed the economy grew at the slowest pace in almost two years. A stronger dollar spurred by US President-elect Donald Trump demanding a commitment from the so-called BRICS nations to using the greenback also weighed ...Read More >
Nifty 50, the benchmark index, opened today's session slightly higher at 23,927 versus yesterday's close of 23,914. It has appreciated after opening and is currently at 24,000, up 0.4 per cent. The advance/decline ratio of Nifty 50 stands at 37/13, a positive indication. Cipla, up 2.1 per cent, is the top gainer whereas Power Grid Corporation of India, down 1.1 per cent, is the top loser. Like the benchmark index, all mid and small cap indices are in the green. Moreover, among the sectors, alm ...Read More >
Enviro Infra Engineers stock declined after a stellar debut on NSE and BSE today. The stock listed on the NSE at ₹220, a 49 per cent premium over the IPO price of ₹148. On the BSE, the stock debuted at ₹218, a premium of 47 per cent. Shares of Enviro Infra traded 3.90 per cent lower at ₹211.43 on the NSE as at 10.34 am. On the BSE, the stock was down 3.33 per cent to ₹210.75. IPO details The ₹650.43-crore IPO received an overwhelming response from all categories of investors, with an overall ...Read More >
In a relief to car leasing companies, Madras High Court on Thursday stayed DGGI (Directorate General of GST Intelligence)'s show-cause notices (SCNs) to these companies. The companies were denied input tax credit (ITC) to the tune of around ₹3,000 crore. "There shall be an order of interim stay till the next date of hearing," said Justice Mohammed Shaffiq. The Bench also issued notice to the tax department. Multiple SCNs were issued by DGGI to car leasing companies denying ITC to the tune of ₹ ...Read More >
US President-elect Donald Trump is a friend of India and Prime Minister Narendra Modi. Commerce and Industry Minister Piyush Goyal has said discussions can begin on strengthening the bilateral economic partnership once the office is assumed and new appointments are confirmed. "We should not jump the gun. We should let the new government come and express their formal and official views. But to the best of my understanding of the situation and my own experience in working with the Trump administr ...Read More >
Bank Nifty began today's session slightly higher at 52,390 versus yesterday's close of 52,302. It rallied after opening and is now at 52,640, up 0.65 per cent, thus outperforming the benchmark Nifty 50, so far. The advance/decline ratio stands at 11/1, indicating a strong bullish inclination. Punjab National Bank, up 1.7 per cent, is the top gainer. Whereas Federal Bank is the only index constituent that is down so far; it has lost 0.25 per cent at the end of the first hour of today's sess ...Read More >
New Delhi The Andhra Pradesh government on Wednesday told the Solar Energy Corporation of India (SECI) that it has granted extension to the Adani Green Energy (AGSL) till December 25, 2024 for supply of renewable energy to the state. Sources told businessline that Andhra Pradesh government's communication to the renewable energy implementing agency (REIA) said that they have agreed to give a second extension to AGEL. The first extension was given in January-February 2024. As per the bids secu ...Read More >
The government has approved the 'PAN 2.0 project' to revamp the existing system of issuing PAN cards, which will henceforth feature a QR code at no additional cost to taxpayers. The project aims to enhance taxpayer services and streamline business operations. SHARE Copy linkEmailFacebookTwitterTelegramLinkedInWhatsAppRedditPublished on November 27, 2024 ...Read More >
TARC Limited announced today that it has sold 50 per cent of its TARC ISHVA residential project, valued at ₹1,350 crore, just two months after its launch in September 2024. The luxury residential development on Golf Course Extension Road in Gurugram's Sector 63A spans 1.35 million square feet and offers four-side open residences with Aravali Hills views. The shares of TARC Limited were trading at ₹212 up by ₹6.29 or 3.06 per cent on the NSE today at 11.57 am. Amar Sarin, Managing Director & CE ...Read More >
Despite its vast potential, the full capabilities of GST data remain largely unrealised. While aggregate data provides a broad overview of tax performance and health of the Indian economy, disaggregated sector-wise information is crucial for evidence-based policymaking. A closer look at the performance of GST revenue collection raises several questions. First, though the growth of GST revenue collection improved in the last seven years (13 per cent) compared to the pre-GST period 2012-17 (11.8 ...Read More >
Andhra Pradesh is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States, a top official told Reuters. U.S. authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed Central government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the federal territory of ...Read More >
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