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ECONOMY
Markets sustain upward momentum as Sensex closes above 75K for the first time
Mumbai: The Indian markets sustained their upward momentum on Wednesday, buoyed by a robust performance in the broader market, albeit slightly lagging behind its Asian and European counterparts, said Vinod Nair, Head of Research at Geojit…
India’s fuel demand scales record high in 2023-24
New Delhi: India's consumption of petroleum products such as diesel, petrol, LPG and bitumen went up by 5 per cent to touch a record level of 233.276 million tons during the financial year that ended on March 31, 2024, according to data…
India’s EV landscape set to be transformed with key govt initiatives
New Delhi: The rise in EV battery manufacturing, alongside the ‘Make in India’ initiative, will lower manufacturing costs and boost EV sales in the country, according to industry experts.
According to Liz Lee, Associate Director at…
Tesla to search for sites in India to set up $2-3 billion EV plant: Report
New Delhi: After the Prime Minister Narendra Modi-led government approved a new electric vehicle (EV) policy to attract investments in the EV space by global manufacturers, Tesla is reportedly sending a team this month to search for…
Govt to sell bonds worth Rs 38,000 cr via RBI’s multiple price auction method
New Delhi: The Finance Ministry on Monday announced the sale of Rs 38,000 crore worth of government bonds through the Reserve Bank of India's new multiple price auction method.
These include (i) the sale of “7.33 per cent Government…
97.69 pc of Rs 2000 banknotes have been returned: RBI
Mumbai: The RBI said in its currency update on Monday that 97.69 per cent of the Rs 2000 banknotes in circulation have now been returned.
“The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of…
Odisha records 2nd highest ever GST collection in March this year
Bhubaneswar: Odisha has recorded the second highest ever GST collection of Rs 5,109.33 crore during March 2024.
The state had collected Gross GST worth Rs 4,749.02 crore during March 2023. It has registered 7.59 per cent growth in Gross…
Integral Coach Factory rolled out 2,829 coaches, including 51 Vande Bharat trains, in FY24
Chennai: The city-based Integral Coach Factory (ICF) that manufactures railway coaches, Vande Bharat trains, and others, rolled out 2,829 railway coaches in FY24, up from 2,702 coaches produced in FY23.
This year’s outturn of ICF marks…
PM lauds RBI, says India must become financially ‘Atmanirbhar’ in 10 years
Mumbai: Over the next 10 years, India must strive to become a ‘financially atmanirbhar’ economy that is shielded from all global events and continues to march ahead confidently for progress and development, Prime Minister, Narendra Modi,…
This is best time to invest in India for entrepreneurs worldwide: Zoho’s Sridhar Vembu
New Delhi: Sridhar Vembu, Founder and CEO of leading cloud software provider Zoho, said on Monday that this is the best time to invest in India for young entrepreneurs from all across the world.
The sense of optimism is real and India is…