Business News

New Delhi, Dec 27:  In a top-deck bureaucratic reshuffle, the Centre on Monday shifted as many as nine senior officers to new posts while approving in-situ upgradation of eight. Appointments Committee of the Cabinet (ACC) has approved…

New Delhi,Dec 27:  Maharatna public sector enterprise PFC received another recognition for excellence in operations on Monday. India’s leading power sector focused non-banking financial company has been conferred with the prestigious…

Imphal, Dec 25: Manipur Power Minister Thongam Biswajit Singh on Saturday inaugurated three 33/11 kV Sub-stations in Imphal East. He said the inauguration of the three sub-stations will greatly help in improving quality power supply. The…

New Delhi, Dec 23: Chairman of the PM's Economic Council Bibek Debroy said on Thursday that as the per capita GDP rises, quality of the environment tends to improve. "There is a co relation between the two. Empirical exercises establish…

New Delhi, Dec 20: In the run-up to Union Budget, Prime Minister Narendra Modi on Monday met a group of top CEOs from across the industry and sought their inputs to reduce compliance burden. Top banker Uday Kotak, JSW Steel's Seshagiri…

Jammu, Dec 20: People on Monday evening heaved a sigh of relief after the electricity crisis was settled with Army and BSF assisting powergrid employees toiling hard to partially restore the power in parts of Jammu region. The power…

New Delhi, Dec 17: India signed a Euro 442.26 million loan agreement with Germany Development Bank – KFW (Kreditanstalt fürWiederaufbau) for the Surat Metro Rail project on Friday. Rajat Kumar Mishra, Additional Secretary, Department of…

Washington, Dec 16: The US consolidated its position as the world’s top recipient of foreign investment in 2020, a year in which the global total increased by 6 percent despite the pandemic, the International Monetary Fund (IMF) said in a…

As many as 41,177 positions or 5 per cent of the total sanctioned posts at PSBs were vacant as on December 1, Union Finance Minister Nirmala Sitharaman told Parliament on Monday. There are over 8,05,986 sanctioned positions at public…

Anand Rathi Wealth share price: Shares of Anand Rathi Wealth, part of Mumbai-based financial services group Anand Rathi, debuted on a positive note and got listed at a premium of over 9 per cent above their issue price in the stock…

Israel’s spyware company NSO Group is considering shutting down its controversial unit Pegasus or even selling the company itself after facing possible debt defaults, according to a report from Bloomberg. The company is said to be in…

Mukesh Ambani’s Reliance Industries Ltd., along with a partner, are among those bidding to take over bankrupt Indian textile firm Sintex Industries Ltd., according to a stock-exchange filing, as the billionaire attempts to diversify from an…

New York, Dec 13: Shares of iPhone maker and consumer tech giant Apple hit record highs on Monday, reaching nearly $3 trillion in market capitalization, trading data showed. Apple’s stock hit a lifetime high of $182.09 to briefly touch a…

New Delhi: Power Finance Corporation, a Maharatna Central Public Sector Enterprise  and India’s leading NBFC for the Power Sector has paid Rs 369.57 crore to Government of India and Rs 290.45 crore to other shareholders, totaling to Rs…

Prime Minister Narendra Modi on Sunday said that Rs 1,300 crore had been paid to over one lakh depositors who could not access their money due to financial crises at banks and that a further three lakh such depositors were set to receive…

Banks have written off Rs 2,02,781 crore of bad loans in the fiscal ended March 2021 when the Covid-19 pandemic hit the country and the Reserve Bank of India (RBI) allowed banks to announce reliefs like loan moratorium for borrowers.…

Power consumption grew by 1.3 per cent in the first ten days of this month to 34.23 billion units (BU) over the same period a year ago, according to data from the Power Ministry. In 2020, power consumption was 33.78 BU during December 1…

Prioritisation of coal supplies for the power sector have led to rising input costs for the aluminium, steel and cement sectors and may lead to prolonged shutdowns at some plants, according to experts. Industry associations have written…

Stressing on the significance of the e-Shram portal to gather data of unorganised workers for evidence-based policy making, Labour Minister Bhupender Yadav said the government is committed towards achieving universalisation of social…

New Delhi: Power Finance Corporation, a Schedule - A Maharatna CPSE and India’s leading NBFC for the Power Sector has paidRs 369.57 crore to Government of India andRs 290.45 crore to other shareholders,totalling to Rs 660.02 crore as second…