Business News

Finance ministry in November 2022 had invited comments on proposed changes in Insurance Act, 1938, and Insurance Regulatory and Development Authority Act, 1999.

In Asian markets, Shanghai and Hong Kong settled in the green, while Seoul and Tokyo ended lower. Equity markets in Europe were trading on a mixed note.

During April-May 2023, exports of spices and spice products were worth Rs 6702.52 crore ($815.39 million) compared to Rs 4746.85 crore ($618.63 million) during the same period in the previous year

Primary energy consumption grew about one percent last year from 2021, or almost three percent when compared with its pre-Covid level in 2019, the review found.

In 2022–23, CIAL registered a turnover of Rs 770.90 crore as against the previous year’s figure of Rs 418.69 crore.

The market valuation of Reliance Industries tumbled Rs 40,695.15 crore to Rs 17,01,720.32 crore.

The Coal Ministry had approved a wage revision agreement that was reached with trade unions for "non-executive" employees of Coal India Ltd.

Finance Minister Nirmala Sitharaman has said that the rapid investment in semiconductor and other technologies is benefitting the people of India.

Gurugram: REC Limited, a Maharatna CPSE under Ministry of Power have approved for extending financial assistance up to Rs. 3,045 Crore to Bangalore Metro Rail Corporation Limited (BMRCL) for establishment and development of Metro Line under…

“In the next six quarter we are anticipating that Micron Technology will start manufacturing the first made-in-India chips,” said Vaishnaw.

The five entities that received notices are Saubhagya Buildcon, Zolton Properties, Tiger Developers, Torus Buildcon and Rosestar Marketing

“The centre has no plans to sell its stake in LIC. However, we are conducting non-deal roadshows to connect with the potential investors,” the official said.

The power ministry on Friday announced two changes in the Electricity (Rights of Consumers) Rules – introduced Time-of-Day (ToD) tariff, and rationalization of smart metering provisions.

A slowdown in the online advertising market and the recent tightening of credit conditions have made the situation increasingly challenging for relatively young media companies like Vice.

With this acquisition of the facility at Vadapalani, Kauvery Hospitals will be the 2nd largest hospital chain in Chennai.

Apart from Eros International and its two senior executives, the two promoter entities Eros Worldwide FZ LLC and Eros Digital Private Ltd have also been restrained by the market regulator.

The construction will begin from this year, and it will include 500,000 square feet of planned cleanroom space and will become operational in late 2024.

The government hasn’t yet taken any decision to make changes in the National Pension System (NPS), a top government source told this newspaper.

Zee and an Indian unit of Japan’s Sony Group announced a merger deal in 2021 to create a $10 billion TV enterprise, with Goenka set to become the merged entity’s managing director and CEO.

The Asset Under Management (AUM) of LICMF current stands at Rs 19,700 crore while IDBI Mutual Fund manages assets worth Rs 3,800 crore.