Latest Hindenburg allegations ‘malicious’ and no more than red herrings: Adani Group

Ahmedabad (IANS) The Adani Group on Sunday vehemently rejected the latest allegations by Hindenburg Research as “malicious, mischievous and manipulative selections of publicly available information" to arrive at "pre-determined conclusions for personal…

Modified Pradhan Mantri JI-VAN Yojana to boost advanced biofuel projects, bring more investment

New Delhi (IANS) In an effort to provide financial support to advanced biofuel projects and attract more investment, the Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the modified Pradhan Mantri JI-VAN Yojana. 

The scheme…

Direction of Indian stocks to be influenced by global markets: Experts

New Delhi (IANS) As the Indian stock markets experienced a marginal recovery from the uncertainties stemming from weak global cues last week, the direction of the benchmark indices will be influenced by international markets going forward, experts…

India’s domestic air passenger traffic grows 8.6 pc in July, international traffic up 16.7 pc

New Delhi (IANS) Domestic air passenger traffic in India witnessed a growth of 8.6 per cent (year-on-year) at 131.4 lakh in the month of July, compared to 121 lakh in the same month last year, a report showed on Friday. 

Moreover, the domestic…

India to surpass China to become world’s largest 2-wheeler market in 2024

New Delhi (IANS) India is projected to surpass China this year to become the world’s largest two-wheeler (2W) market, a report said on Friday. The robust economic growth, consumer preference for 2Ws for short-distance commutes, and increasing 2W demand…

Bears growl on RBI MPC policy day, Sensex slumps 581 points

Mumbai (IANS) India's equity indices closed lower on Thursday following a hawkish stance by the Reserve Bank of India (RBI) governor in the monetary policy. 

At closing, Sensex fell 581 points or 0.73 per cent to 78,886 and Nifty slipped…

Clearing time for cheques to be cut from 2 days to a few hours: RBI chief

Mumbai (IANS) The RBI aims to reduce the clearing time required for bank cheques to a few hours as part of a major step to facilitate the ease of doing business in the country, RBI Governor Shaktikanta Das said on Thursday. 

At present, cheque…

Container prices continue to rise as India shows resilience among Asian markets

New Delhi (IANS) Geopolitical headwinds resulted in a 27 per cent hike in container logistics prices in the Indian shipping market in July but the country displayed resilience amid the high volatility in the Asian markets, a new report showed on Thursday. 

India exported non-basmati rice worth $123 million in April-May

New Delhi (IANS) India exported non-basmati rice worth $ 122.7 million during April-May in the current financial year. The government is closely monitoring the production, availability and export situation to assess suitable policy intervention, as…

NHAI prepays Rs 15,700 crore bank loan to save Rs 1,000 crore interest

New Delhi (IANS) The NHAI achieved a significant financial milestone with the successful pre-payment of a bank loan amounting to Rs 15,700 crore which has enabled it to save as much as Rs 1,000 crore in interest, the Ministry of Road Transport & Highways…