Economy

New Delhi : Orenburgneft, Rosneft's subsidiary and part of its oil and gas production segment, has achieved record oil production results from introducing domestic innovations. In 2021, Orenburgneft's drilling grew by 30 per cent, and…
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Chennai : Health insurance is a complex and high engagement product and may be a challenging business for life insurers, said Kotak Securities Ltd in a report. The report was referring to a news report about a committee set up by the…
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Bengaluru : Bharat Electronics Ltd (BEL), the government-owned aerospace and defense electronics company, on Wednesday said it has registered a turnover growth of 9 per cent over the previous year, in spite of challenges due to Covid-19…
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New Delhi : Leading investment firm Andreessen Horowitz (A16Z) on Wednesday announced a new $4.5 billion fund for crypto and blockchain companies and startups (or Web3.0 startups), as the global crypto market undergoes turmoil with…
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New Delhi : The Ministry of Power on Wednesday said in a statement that it is working on a scheme to liquidate the past dues of Discoms as it owes Rs 1,00,018 crore as on May 18, 2022 to the generating companies. The Discoms will be…
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Hyderabad : Railway rolling stock manufacturing in Telangana is set to get a major boost with Swiss firm Stadler Rail on Wednesday announcing a manufacturing unit in joint venture with a local player. The joint venture between Stadler…
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New Delhi : Extending their losses for the third straight day, domestic equity benchmark indices settled in the red on Wednesday. Indian indices opened higher on Wednesday but afterwards turned negative later in the day. Sensex closed…
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New Delhi : The government on Wednesday claimed that India has become the largest producer of sugar in the world in the year 2022-23, more than Brazil, while it would be the second largest exporter of sugar. Sugar production in 2018-19…
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New Delhi : The Indian Public Cloud Services (PCS) market is likely to reach $13.5 billion by 2026, growing at a compound annual growth rate (CAGR) of 24 per cent for 2021-26, a new report has shown. In 2021, the revenue of public cloud…
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New Delhi : India's power demand during May 1-17 is estimated at 196 GW and it is higher than expected as the demand is driven by sustained warmer-than-normal weather, said S&P Global Commodity Insights. Temperatures for the first…
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