Ahmedabad : Ambuja Cements, a part of Adani Cement and Adani Group, announced on Tuesday that it has signed a binding agreement to acquire a 46.8 per cent stake in Orient Cement Ltd (OCL). According to Adani, the acquisition, valued at an equity worth of Rs 8,100 crore, marks a step towards Ambuja’s goal of…
Mumbai- Hyundai Motor India Ltd’s initial public offering has been subscribed 2.34 times till 4 p.m. on its third and last day on Thursday as the qualified institutional buyers (QIB) portion in the IPO was subscribed nearly 7 times. According to the latest data (provisional), the reserve portion for the QIB was subscribed 6.94 times,…
New Delhi- India’s semiconductor market is set to cross $100 billion in revenues by 2030, driven by government initiatives like production-linked incentive (PLI) scheme amid robust demand to build digital infrastructure across industries, according to a report on Wednesday. Mobile handset, IT and telecom segments are leading the semiconductor industry, contributing more than 75 per…
New Delhi- Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that retail inflation for the current fiscal (FY25) is projected at 4.5 per cent due to healthy monsoon and sound supply conditions. Addressing the Monetary Policy Committee (MPC) meeting here, Das said that food inflation is likely to decrease later in the…
New Delhi – Indian Auto LPG Coalition (IAC) has appealed to the Prime Minister to endorse Auto LPG as an environmentally friendly alternative fuel and provide a level playing field. In his letter, Suyash Gupta, Director General of Indian Auto LPG Coalition, highlighted the substantial environmental and economic benefits of adopting Auto LPG over traditional…
Gurugram : REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has disbursed loans worth ₹90,955 crore, up 20.10% year-on-year for the half year ended September 30, 2024. The quantum of renewable energy loans grew 92.68% year-on-year to ₹11,297 crore. In Q2 FY24-25, REC disbursed loans amounting to Rs 47,303 crore,…
NEW DELHI- Central Regional Office, Bureau of Indian Standards (BIS) recently held its annual Management Systems Certification (MSC) Licensee Meet at its training institute NITS, Noida. BIS operates 21 Management Systems Certification Schemes, such as Quality Management System Certification (QMS) as per IS/ISO 9001, Environment Management System Certification (EMS) as per IS/ISO 14001, Occupational Health…
New Delhi : Approximately 93 per cent, or over 9 out of 10 individual traders in the equity futures and options (F&O) segment, continue to incur significant losses, a new study by the Securities and Exchange Board of India (SEBI) has revealed. Despite consecutive years of losses, more than 75 per cent of loss-making traders…
Gandhinagar/Gurugram: REC Limited, a Maharatna CPSU under the Ministry of Power and a leading NBFC, has signed Memorandum of Understanding (MoU) during 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST 2024) in Gandhinagar with RE developers aggregating about ₹ 1.12 lakh crore which will be implemented over a period of 5 years. The MoUs cover projects…
New Delhi- Morarji Desai National Institute of Yoga(MDNIY) hosted a distinguished delegation from Department of Thai Traditional and Alternative Medicine (DTAM), Thailand on 17th September,2024. The delegation was led by Dr Taweesin Visanuyothin, Director General, DTAM along with other officials.The delegation was cordially welcomed by Dr. Kashinath Samagandi, Director, MDNIY, who provided an in-depth overview…
