Business News

Kathmandu: The Investment Board of Nepal has signed a MoU with India's NHPC to conduct a detailed project study survey permit of the 750 MW West Seti and 450 MW Seti River 6 hydropower projects in the country. According to the MoU, NHPC,…

New Delhi: On the back of favorable base, India's factory output measured by Index of Industrial Production (IIP) grew by 12.3% in June this year reflecting ongoing economic recovery post-pandemic. As per the data released by the Ministry…

New Delhi: Power Sector Maharatna PFC Board took a bold financial step for ameliorating stressed asset entities and accorded approval for creation of Power Asset Management Company (PAMC), for taking over the stressed/NPA power assets.…

Bengaluru: Bibek Debroy, Chairman of the Prime Minister's Economic Advisory Council, said the vision of making India a $5 trillion economy will be delayed by two to three years due to the loss of development trajectory during the Covid-19…

New York: New York City Mayor Eric Adams has said President Joe Biden is wrong in denying that the United States is in a recession and warned the financial sector that has powered the US economy for more than 200 years is now on the brink…

Washington: The US Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points, the second in a row of that magnitude, as elevated inflation showed no clear sign of easing. "Inflation remains elevated, reflecting…

Shimla: As part of Azadi Ka Amrit Mahotsav, Ministry of Power, Govt. of India is celebrating week-long Bijli Mahotsav under Ujjawal Bharat, Ujjawal Bhavishya – Power @ 2047 from 25th July to 30th July 2022. Sh. Nand Lal Sharma, Chairman…

ईपीएफओ सिफारिश: रिटायरमेंट फंड बॉडी कर्मचारी भविष्‍य निधि संगठन (EPFO) इस महीने इक्विटी में अपने निवेश को मौजूदा 15 फीसदी की सीमा से 20 फीसदी तक बढ़ाने के प्रस्ताव को मंजूरी दे सकता है। बिजनेस स्‍टैंडर्स की एक रिपोर्ट के…

MSME in India: Problems and remedies : The problems of industry parse are many. Some may be specific to the size or type or geographical locations, but it seems more than 60% of problems are common and it is irrespective of the size. When I…

Dhaka: (By Mir Afroz Zaman) Bangladesh has expressed interest in importing high quality train coaches from India to operate between Dhaka and Cox’s bazar. Bangladesh also intends to purchase engines and luggage vans under the Line of…

New Delhi: National Hydroelectric Power Corporation (NHPC) has signed two MoUs for the development of “Pilot Green Hydrogen Technologies” in line with the country’s resolve to reduce the carbon footprint in the power sector in Leh and…

Washington: The US government budget deficit increased by $89 billion to reach $515 billion in June on increased spending after months of expenditure cuts of funds for the expiring coronavirus pandemic-related aid programs, the Treasury…

Durgapur: Internet has now become a lifeline for all economic activities, said Union Minister of State, Electronics and Information Technology, Skill Development & Entrepreneurship, Rajeev Chandrasekhar on Sunday. Chandrasekhar along…

Athens: Inflation in Greece reached 12.1 per cent year-on-year in June, which is the highest rate since November 1993, the Greek statistical service Elstat said on Friday. Prices in Greece rose by 1.6 per cent compared to May, the agency…

Shimla: Chief Minister Jai Ram Thakur said here Friday State Government has released Rs. 110 Cr to Himachal Road Transport Corporation (HRTC) for clearing the pending Death-cum-Retirement Gratuity (DCRG) and Leave Encashment bills of…

 Chennai: Tamil Nadu Governor R.N. Ravi today said the integrated GST taxation system in the country was a win-win for all states. Inaugurating the fifth GST day celebrations here, he applauded the contributions of the officials of the…

Hyderabad: Heavy rains are likely at isolated places over North Coastal Andhra Pradesh and Yanam in the next three days, the Meteorological Centre here said on Wednesday. It said that thunderstorms accompanied by lightning were also likely…

Bengaluru: Hindustan Aeronautics Limited (HAL) inducted 45th batch of Management and Design Trainees (MTs and DTs) at a program here on Wednesday. The batch would go through 52-week intensive, regimental and customized training in various…

London/New Delhi: India and the UK have concluded the fourth round of talks for a bilateral Free Trade Agreement and will hold the fifth round of negotiations in July in New Delhi. The two sides concluded the fourth round of talks on June…

Thiruvananthapuram: Indian Oil Corporation (IOC) has signed an MoU with Genrobotics to develop robots for internal tank cleaning and inspection at refineries. As cleaning and maintenance of petroleum tanks are time consuming and unsafe…