Business

In February 2021, the Defence Ministry sealed a Rs 48,000-crore deal with Hindustan Aeronautics Limited for procurement of 83 Tejas MK-1A jets for IAF. The deliveries were to begin in March last year but not a single aircraft has been delivered yet

Jaypee Group’s flagship firm JAL, which is into cement, power, hotels, construction and real estate businesses, has been admitted into the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016

China added almost 374 billion watts of renewable power -- three quarters of it from solar panels -- in 2024. That's more than eight times as much as the United States did and five times what Europe added last year

The rollout of BHIM 3.0 will take place in phases, with full availability expected by April

The private lender, which is already under scrutiny for discrepancies in its derivatives portfolio, stated it is considering filing an appeal against the GST order

Recently, BYD announced it was rolling out a superfast EV charging system that it says is nearly as quick as a fill up at the pumps

Launched first in Bengaluru to serve Deloitte’s global network, the Simulation CoE aims to accelerate clients’ decision-making processes, mitigate potential risks, and maximise their return on investment (ROI)

Experts say the proposal to remove the Equalisation Levy on online advertisements is aimed at showing an accommodative stance to the US, which has threatened to introduce reciprocal tariffs from April 2

Initiating debate on Finance Bill in Lok Sabha, Congress MP Shashi Tharoor alleged that the BJP government’s economic management is facing structural challenges

Though hyaluronic acid is generally a safe ingredient, even for sensitive skin, youngsters should avoid products containing such active ingredients including retinol, vitamin C, alpha- and beta- hydroxy acids, and peptides, as well as those labelled with terms such as anti-ageing, wrinkle-reducing, brightening, or firming

A positive trend in the US and European markets powered the rally in Indian equities; Foreign institutional investors bought shares worth Rs 7,470.36 crore on March 21

Larsen and Toubro, in a first for a major corporate house, had announced a one-day paid menstrual leave for women employees, a move set to benefit about 5,000 women employees at the company

Central government employees, currently under National Pension System (NPS), will have the option to switch to Unified Pension Scheme, which incorporates features from both Old Pension Scheme (OPS) and NPS  

Reasons for the companies to announce price hikes include appreciation of US Dollar against the rupee impacting on input costs, tepid demand for entry-level vehicles, and number of features getting added in the cars

A strategic partnership with Fair Exports India has also ensured steady deliveries to Lulu Hypermarket, one of the largest retail chains in the Gulf region

The board will need to come up with replacement by October, adding that it is unclear if only external names will form part of the shortlist or if any internal candidates will be considered

To improve broadband connectivity in rural areas, the government launched the Gati Shakti Sanchar Portal on May 14, 2022, thus streamlining Right of Way (RoW) permissions for Optical Fiber Cable (OFC) laying and telecom tower installation.

The Department of Telecommunications (DoT) notified the PLI scheme on February 24, 2021 to boost domestic manufacturing of telecom and networking products in India with an outlay of Rs 12,195 crore.

Given US President Trump’s transactional mindset, the escalating tension between Washington and Brussels may push the US closer to Russia

The proposed IPO comprises a fresh issue of equity shares worth Rs 300 crore and an offer for sale (OFS) of Rs 250 crore by promoters and promoter group entities

The project, to be delivered to the nation in 36 months, will supply green electrons for manufacturing Green Hydrogen and Green Ammonia in Mundra

SEBI is reported to have initiated investigations against these companies for the alleged illegal diversion of funds by promoters to their relatives or front companies for personal use rather than the declared purpose for which the money was raised

The 30-share BSE Sensex fell by 252.8 points to 76,095.26 in early trade, while the NSE Nifty slipped 57.85 points to 23,132.80. However, both benchmark indices rebounded, erasing their initial losses and moving into positive territory. The Sensex climbed 205.09 points to 76,550.97, while the Nifty advanced 70.05 points to 23,262.55.

Forex traders attributed the rupee’s gains to FPIs becoming net buyers in equities for the second time this week while making substantial investments in debt. At the interbank foreign exchange, the rupee opened at 86.26 against the US dollar, strengthened further, and reached 86.19, marking an appreciation of 17 paise from its previous close.