Business
RBI Gov Das stresses on price stability as key to economic planning and growth
19 minutes ago
3 mins
RBI Governor Shaktikanta Das emphasized the importance of price stability for economic growth during a conference with central banks from the Global South. He highlighted that stable prices reduce uncertainty, encourage investment, and enhance purchasing power. Das credited the Flexible Inflation Targeting framework for managing economic challenges during the pandemic and geopolitical tensions. He stressed that price stability is crucial for sustained growth, especially for nations in the Global South.
Business
RBI Gov Das stresses on price stability as key to economic planning and growth
19 minutes ago
Business
Hyundai's Big Step Towards 100% Renewable Energy in Tamil Nadu
about 6 hours ago
3 mins
Hyundai Motor India Limited is advancing its renewable energy efforts by establishing two new plants in Tamil Nadu, aiming to achieve the RE100 benchmark by 2025. Partnering with Fourth Partner Energy, Hyundai will build a 75 MW solar and a 43 MW wind power plant, investing Rs 38 crore. This initiative will provide a 25-year renewable energy supply, helping Hyundai meet 100% of its energy needs from renewable sources. Currently, 63% of its energy is renewable. Hyundai's ongoing efforts include a 10 MW rooftop solar plant and 100% LED lighting.
Business
Hyundai's Big Step Towards 100% Renewable Energy in Tamil Nadu
about 6 hours ago
Business
Quick Commerce Dominates Daily Essentials in India, Says Grant Thornton Bharat Report
about 8 hours ago
3 mins
A report by Grant Thornton Bharat reveals that quick commerce is the top choice for daily essentials in India, with 85% of respondents using it for food and grocery shopping. Clothing and accessories dominate e-commerce sales, while physical stores remain preferred for high-value purchases. Traditional stores face challenges like limited product range and higher prices. Retailers are adopting hybrid models to enhance customer satisfaction. The report also highlights the need for operational efficiency in quick commerce.
Business
Quick Commerce Dominates Daily Essentials in India, Says Grant Thornton Bharat Report
about 8 hours ago
Business
Domestic stock markets trade lower, impacted by continued selling pressure
about 9 hours ago
3 mins
Indian stock markets fell on Thursday, with Nifty closing at 23,349.90 and BSE Sensex at 77,155.79, due to selling pressure and allegations against Adani Green directors by US authorities. Adani Group denied the claims, but shares of Adani Enterprises and Adani Ports dropped. Powergrid and UltraTech Cement were among the gainers. Experts noted global tensions, like the Ukraine-Russia conflict, are impacting markets. Indian markets may remain soft until state election results are announced.
Business
Domestic stock markets trade lower, impacted by continued selling pressure
about 9 hours ago
Business
Ministry directs EPFO to ensure UAN activation for employees through Aadhaar-based OTP
about 10 hours ago
2 mins
The Ministry of Labour and Employment in India has directed the EPFO to activate the Universal Account Number (UAN) for employees, as part of the Union Budget 2024-25 initiatives. This move aims to enhance the Employment Linked Incentive (ELI) Scheme's reach. Employers must complete UAN activation using Aadhaar-based OTP by November 30, 2024. The ELI Scheme, part of the Prime Minister's package, aims to create over 2 crore jobs in two years, focusing on first-time employees and support for employers.
Business
Ministry directs EPFO to ensure UAN activation for employees through Aadhaar-based OTP
about 10 hours ago
Business
India's GDP growth to pick up in third quarter compared to first half of FY25: ICRA report
about 10 hours ago
3 mins
India's economy is projected to grow faster in the third quarter of 2024, according to ICRA. The report cites improving economic indicators and robust activity levels. Preliminary data for November 2024 shows positive trends, with increased electricity demand and vehicle registrations. Key sectors like mobility and transportation have improved, with significant growth in vehicle registrations, petrol consumption, and air passenger traffic. Non-oil exports also performed well, driven by electronic goods and engineering goods. ICRA's Business Activity Monitor showed a 10.1% growth in October 2024, indicating economic resilience.
Business
India's GDP growth to pick up in third quarter compared to first half of FY25: ICRA report
about 10 hours ago
Business
India's urban development to propel GIS market growth in Asia-Pacific
about 10 hours ago
4 mins
India's GIS sector is transforming due to urban development and advanced technologies, positioning the country as a key player in the Asia-Pacific GIS market. The global GIS market is expected to grow significantly, with India and China playing pivotal roles. Initiatives like the National Water Mission and Operation Dronagiri highlight GIS's impact on disaster resilience, agriculture, and more. The government projects India's geospatial economy to grow rapidly, creating over a million jobs by 2025.
Business
India's urban development to propel GIS market growth in Asia-Pacific
about 10 hours ago
Business
Piyush Goyal Encourages Industry Leaders at FICCI Meeting to Boost India's R&D and Cleanliness Initiatives
about 10 hours ago
2 mins
Union Minister Piyush Goyal, at FICCI's 97th Annual General Meeting, emphasized the government's efforts to boost India's R&D ecosystem and urged industry leaders to suggest efficient funding processes. He highlighted the Rs 1 lakh crore allocated under the Anusandhan National Research Foundation for innovation. Goyal praised initiatives like Swachh Bharat Mission and encouraged CSR activities for cleanliness. He stressed India's global importance and the need for quality standards to enhance India's role as a trusted partner.
Business
Piyush Goyal Encourages Industry Leaders at FICCI Meeting to Boost India's R&D and Cleanliness Initiatives
about 10 hours ago
Business
Power shortages may limit the growth of AI data centres by 2027: Gartner
about 11 hours ago
4 mins
A Gartner report warns that 40% of AI data centres may face operational challenges by 2027 due to electricity shortages. The energy demand for these centres is expected to grow by 160% over the next two years, driven by the need for larger data centres to support GenAI applications. Utility providers struggle to expand capacity, potentially leading to disruptions by 2026. Rising electricity costs and sustainability setbacks are anticipated. Gartner suggests businesses prepare by negotiating stable power rates and exploring alternative energy solutions.
Business
Power shortages may limit the growth of AI data centres by 2027: Gartner
about 11 hours ago
Business
Adani Group denies US bribery charges as baseless, vows legal action
about 12 hours ago
2 mins
The Adani Group has denied bribery allegations made by US authorities against Adani Green directors, calling them baseless. They emphasized their commitment to legal compliance and high governance standards. Amid these allegations, Adani Green Energy has deferred its planned US dollar bond offerings. US prosecutors have charged Gautam Adani and others in a bribery case, with accusations of securities and wire fraud. The indictment also involves former executives and employees linked to a Canadian investor.
Business
Adani Group denies US bribery charges as baseless, vows legal action
about 12 hours ago