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Economy
PLI booster: 32 firms invest Rs 8,282 crore for large-scale electronics manufacturing
New Delhi: In a fillip to local manufacturing, 32 companies have invested Rs 8,282 crore under the production-linked incentive (PLI) scheme for large-scale electronics manufacturing till June 30, the Parliament was informed on Wednesday.!-->…
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SEBI study warns against intra-day trading risks in equity cash as young traders rise
Mumbai: The share of young intra-day traders (age less than 30 years) grew 48 per cent in FY2022-23 as compared to 18 per cent in FY2018-19, a study by markets regulator Securities and Exchange Board of India (SEBI) said on Wednesday,!-->…
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Axis Bank posts 4 per cent rise in Q1 net profit at Rs 6,035 crore
New Delhi: Axis Bank on Wednesday reported a net profit of Rs 6,035 crore for the April-June quarter of 2024-25, up 4 per cent from the corresponding figure of Rs 5,797.1 crore in the same period of 2023-24.
The bank's net interest!-->…
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L&T net profit jumps 12 pc to Rs 2,786 crore in April-June quarter
New Delhi: Engineering and construction major Larsen and Toubro (L&T) on Wednesday reported a 12 per cent increase in its consolidated net profit to Rs 2,786 crore for the April-June quarter of the current financial year from Rs 2,493!-->…
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Centre allows sale of excess FCV tobacco to help Andhra farmers
New Delhi: Commerce and Industry Minister Piyush Goyal has approved the sale of the excess Flue Cured Virginia tobacco produced by registered growers on the auction platforms in Andhra Pradesh for the 2023-24 crop season with normal!-->…
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RBI tightens rules for domestic money transfers
Mumbai: The Reserve Bank of India (RBI) has tightened the framework for domestic money transfers in order to keep track of both cash pay-in and pay-out services.
In a circular issued on Wednesday, the RBI stated that in the case of cash!-->…
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Will further strengthen our friendship with India: Bhutanese PM after meeting Gautam Adani
Ahmedabad: Bhutan King Jigme Khesar Namgyel Wangchuck and Prime Minister Dasho Tshering Tobgay on Wednesday said their visit will further strengthen the friendship ties between Bhutan and Bharat, as they wrapped up the three-day visit to!-->…
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Indonesia intensifies fight against illegal imports
Jakarta: Indonesia is intensifying efforts to curb illegal imports and dumping practices to protect its domestic industrial sectors.
The move follows a flood of imported goods from neighbouring countries that have threatened local!-->…
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Sensex closes lower, midcap and smallcap outshine largecap stocks
Mumbai: Indian equity indices closed in the red on Wednesday following profit booking in largecap stocks.
At closing, Sensex was down 280 points or 0.35 per cent, at 80,148 and Nifty was down 65 points or 0.27 per cent, at 24,413.!-->…
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Centre to build 5,833 new EV charging stations along national highways
New Delhi: The country now has 5,293 electric vehicle (EV) charging stations along the national highways and has set a target of establishing 5,833 more along the highways out of a total of 7,432, the Ministry of Road Transport &!-->…
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