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Economy
Decline in battery costs boosting green energy projects: ICRA
New Delhi: The sharp decline in battery costs is expected to boost the share of generation from the renewable energy (RE) capacity, including large hydro, to 40 per cent of the all-India electricity generation by FY2030 from less than 25!-->…
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Sensex rises over 200 points on strong domestic cues
New Delhi: The Bombay Stock Exchange (BSE) Sensex gained more than 200 points on Thursday on strong domestic cues.
Among the Sensex stocks, Powergrid was up more than 3 per cent while Tata Motors, Asian Paints, Sun Pharma, Tata Steel,!-->…
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10,000 London cabbies sue Uber for millions over taxi-booking rules
London: A group of more than 10,000 black cab drivers is suing Uber after accusing it of breaching taxi-booking rules in London, in a move which could cost the ride-hailing giant more than $313 million.
A group action claim has been!-->…
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India’s manufacturing sector keeps up robust growth pace in April: HSBC survey
New Delhi: India's manufacturing sector continued to grow at a robust pace in April on the back of strong demand although it was a tad lower than the record-high that it touched in March, according to an HSBC survey released on Thursday.!-->…
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Govt’s firm stand on buying Russian oil saves $8 billion in India’s import bill
New Delhi: India's strategy of continuing to buy cheap oil from Russia despite Western pressures against these purchases has resulted in the saving of around $7.9 billion in the country's oil import bill during the first 11 months of the!-->…
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Adani Power logs 37 per cent revenue growth in FY24, consolidated PBT more than doubled
New Delhi: Adani Power on Wednesday reported 37 per cent growth (year-on-year) in revenue at Rs 50,960 crore for FY24, as continuing EBITDA more than doubled to Rs 18,789 crore.
Consolidated profit before tax (PBT) for FY24 more than!-->…
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Jindal Stainless rolls out Rs 5,400 crore expansion plan
Mumbai: Steel manufacturer Jindal Stainless on Wednesday announced a three-pronged investment strategy worth Rs 5,400 crore as part of its plans to augment its melting and downstream capacities, the company said in an exchange filing.!-->…
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American Express to open its largest office built from ground up globally
Gurugram: American Express is going to open a new, ultra-modern campus in Gurugram. Spanning almost one million square feet, this facility is the largest office the company has built from the ground up globally. It prioritizes!-->…
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Adani Wilmar clocks 67 per cent surge in PAT for FY24, gains market share across key products
Ahmedabad: Adani Wilmar on Wednesday reported a 67 per cent surge in profit after tax (PAT) at Rs 157 crore for the quarter ended March 31, 2024, compared to Rs 94 crore in the same quarter in the last fiscal year.
The revenue for the!-->…
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GST demand notices contributing to burgeoning GST collections
New Delhi: An increasing number of GST demand notices being issued to companies is contributing to the burgeoning GST collections.
Abhishek Jain, Partner and National Head, Indirect Tax, KPMG India, said, “The consistent growth in GST!-->…
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