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PFC inks MoA with MSEDCL for counterpart loan funding of Rs. 5,260 Cr for RDSS
New Delhi/Mumbai: Power sector Maharatna enterprise, Power Finance Corporation Ltd has signed a Memorandum of Agreement (MoA) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL), one of the largest power distribution…
Analysts temper optimism on strong Q1 GDP numbers
While India’s GDP growth for the Apr-Jun quarter came in above expectations, several factors are keeping the outlook cautious for the world’s fifth largest economy.
Vi introduces new plan ‘Choice’; postpaid users can customise what they want
Meanwhile, shares of Vi surged 14.92% to hit a one-year high price of Rs 10.40 on Friday.
In unexpected move, Canada pauses negotiations on free trade agreement with India
The development assumes significance as Canadian Prime Minister Justin Trudeau will be here next week to attend the G20 Summit on September 9-10.
Demand for Mumbai real estate intact, 10752 properties registered in August
Even for Maharashtra, registrations showed a year-on-year increase of 17% in August. Nearly 1.31 lakh homes were registered in the state, making it the best August month in the past eight years.
Moody’s raises India’s growth forecast to 6.7 per cent for 2023
Moody's said strong services expansion and capital expenditures have propelled India's 7.8 per cent real GDP growth in the second (April-June) quarter from a year ago.
Govt to make import licenses more accessible ahead of ban on import of PCs, laptops
As the government has decided to impose import curbs on these electronic devices, importers would have to seek a license from the Directorate General of Foreign Trade (DGFT) from November 1.
Fidelity marks up Meesho and Pine Labs valuation
Fidelity Investments has raised Meesho’s valuation by nearly 14%. Previously, it had slashed the fair value of Meesho by 9.% in April and reduced its valuation to $4.4 billion.
Govt exempts LPG imports from agriculture cess
The Finance Ministry in a notification said that imports of LPG, liquified propane and liquified butane have been fully exempted from Agriculture Infrastructure Development cess effective September 1
Crude oil imports from Russia fell 20% in August
In August 2023, import from Russia was the lowest in the past seven months as crude imports from the country fell by 440kbd to 1.63 mbd.
PhonePe launches stock broking platform Share (dot) Market
It will provide a spectrum of investment products allowing investors across different demographics to build a balanced portfolio.
Government proposes changes in pharma PLI allocation
The proposed amendment aims to introduce a revised incentive allocation clause, which will ensure sustainable production throughout the scheme’s tenure.
Reliance Retail may outpace other RIL businesses
Valuation after Qatar Investment Authority’s 1% stake buy for $1 bn surged to `8.28L cr from `4.28L cr in Sept 2020
US-based Baron Capital slashes Byju’s valuation
In its June quarter report, it slashed the fair value of the company, valuing the company at about $13 billion. Byju’s was last valued at $22 billion.
UPS to hire 1,000 in Chennai technology centre
The company plans to hire 400 people by the end of the year and hire 1000 people in three years.
US worries over India’s IT import ban.
During the years 2022-2023, India imported goods to the value of USD 8.8 billion worth of personal computers and laptops, tablets, Wifi Dongles, Smart Card Readers, and Android TV Boxes.
Modi urges B20 delegates lifestyle and enterprises should be eco-friendly
The Green Credit Programme is an initiative that was proposed by the Ministry of Environment and Forests with the purpose of "encouraging environmentally conscious practises and promoting a sustainable way of life."
Research predicts global inflation pressures may become harder to handle
The majority of the world's population is getting older, and statistics show that older people are less likely to continue working. These changes have the potential to serve as supply shocks, comparable to the shortages of products and…
China lowers stock trade tax to encourage market
The reduction, which will go into effect on Monday, is the first one implemented in the nation since 2008.
Vedanta planning to list some businesses to unlock shareholders’ value
Agarwal said that in the last two decades Vedanta has entered new business that are import-substitute, ones that create stiff entry barriers for new players.
