Sensex down more than 300 points
New Delhi, Feb 22 (SocialNews.XYZ) BSE Sensex is down more than 300 points in morning trade on Thursday. Sensex was trading at 72,236.94 points, down 386.15 points. Bharti Airtel, Titan are among the top Sensex…
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NTPC signs land lease pact for setting up Green Hydrogen Hub near Vizag
New Delhi, Feb 21 (SocialNews.XYZ) Power sector giant NTPC has signed a land lease agreement for the development of a world-class “Integrated Green Hydrogen Hub” on a 1,200-acre plot at Pudimadaka village near Visakhapatnam in…
Govt hardsells coal gasification projects at Mumbai roadshow
Mumbai, Feb 21 (SocialNews.XYZ) The Ministry of Coal said on Wednesday that it got an encouraging response to its roadshow aimed at promoting coal gasification projects across the nation aligned with India’s vision for a…
Govt plans to simplify, digitalise KYC process
New Delhi, Feb 21 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman chaired the meeting of the Financial Stability and Development Council (FSDC) on Wednesday which discussed the issues related to India’s macro financial stability and the preparedness…
Nifty slides on profit booking at higher levels
Mumbai, Feb 21 (SocialNews.XYZ) After making a fresh high, Nifty erased its gains in the last hour and closed with a loss of 142 points at 22,055 levels on Wednesday, said Siddhartha Khemka, Head of…
Nifty pattern indicating at potential pause in ongoing rally
Mumbai, Feb 21 (SocialNews.XYZ) The Indian market is facing stiff resistance at higher levels; the valuation of a broader index is at a significant premium, leading to an unfavourable risk reward, which influences investors to…
Coal sector PSUs poised to cross Rs 21,030 crore Capex target for 2023-24 Coal sector PSUs poised to cross Rs 21,030 crore Capex target for 2023-24
New Delhi, Feb 21 (SocialNews.XYZ) The capital expenditure (CAPEX) by public sector coal companies has touched 20,153 crore as on January this year, marking 95.83 per cent progress towards the target of is 21,030 crore…
UST acquires Australian process transformation company Leonardo
New Delhi, Feb 21 (SocialNews.XYZ) Digital transformation solutions company UST on Wednesday announced the strategic acquisition of Leonardo, a leading provider of business process improvement, automation and integration services in the Australia and New Zealand…
PFRDA notifies simplified rules for Pension Funds, NPS Trust
New Delhi, Feb 21 (SocialNews.XYZ) The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amendments to the regulations of the National Pension System Trust and the Pension Fund to reduce the cost of…
Amazon plans to launch low-priced fashion vertical ‘Bazaar’ in India
New Delhi, Feb 21 (SocialNews.XYZ) E-commerce giant Amazon is set to launch a low-priced fashion and lifestyle vertical called ‘Bazaar’ in India. According to a communication the company has sent to its partners, the new…
Seven days of record intraday highs this year for Nifty
New Delhi, Feb 21 (SocialNews.XYZ) With seven days of record intraday highs this year, Nifty is exhibiting great strength, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The big emerging market worry of…
Jungle Ventures infuses another $20 mn in Indian ice cream brand Walko Food
Mumbai, Feb 21 (SocialNews.XYZ) Singapore-based VC firm Jungle Ventures on Wednesday said it will infuse another $20 million in India’s fastest growing ice cream brand Walko Food. This is Jungle’s second investment into Walko Food…
India home to 247 mn entrepreneurial households driving $8.8 trillion transaction value
Mumbai, Feb 21 (SocialNews.XYZ) India is home to at least 247 million entrepreneurial households who will be the drivers of India’s next economic wave, driving an $8.8 trillion transaction value in FY23, a new report…
Power Finance Corporation inks pact to finance green projects in Goa
New Delhi, Feb 20 (SocialNews.XYZ) Government-owned Power Finance Corporation (PFC) has signed a Memorandum of Understanding (MoU) to support the Goa government’s key climate projects such as renewable energy, green hydrogen and electric vehicles, waste-to-wealth…
IREDA plans to set up subsidiary to finance rooftop solar units, electric vehicles
New Delhi, Feb 20 (SocialNews.XYZ) Indian Renewable Energy Development Agency Ltd. (IREDA) has drawn up plans for establishing a subsidiary to cater to retail projects encompassing Rooftop Solar, PM-KUSUM, Electric Vehicles, and other Business-to-Consumer (B2C)…
RBI economists reject IMF view that India’s debt-GDP ratio may shoot up
Mumbai, Feb 20 (SocialNews.XYZ) RBI economists, in a report released on Tuesday, rejected the IMF view that India’s debt-GDP ratio has the potential of shooting past 100 per cent if historical shocks materialise and hence…
TN govt to obtain GI tags for ten native agricultural products
Chennai, Feb 20 (SocialNews.XYZ) Tamil Nadu Minister for Agriculture and Farmers’ Welfare M.R.K. Panneerselvam on Tuesday said that Geographical Indication (GI) tags will be obtained for 10 agricultural products native to Tamil Nadu. “A sum…
RBI bulletin pegs India’s GDP growth in Q4 at 7%, corporate investments likely to surge
Mumbai, Feb 20 (SocialNews.XYZ) The RBI’s monthly bulletin released on Tuesday expects a fresh round of capital expenditure by the corporate sector to fuel the next leg of growth in the Indian economy and has…
TN govt to set up 100 farmers markets: Minister
Chennai, Feb 20 (SocialNews.XYZ) Tamil Nadu Minister for Agriculture and Farmers’ Welfare M.R.K. Panneerselvam on Tuesday said that the government will set up 100 Uzhavur Angadis (farmers markets) across the state. “An amount of Rs…
Govt sets March 21 deadline for public comments on guidelines to curb greenwashing
New Delhi, Feb 20 (SocialNews.XYZ) The Central Consumer Protection Authority has sought public comments on Draft Guidelines for Prevention and Regulation of Greenwashing, which is a misleading practice of making false environmental claims in ads…