Tata Power, Indian Oil ink pact to set up 500 charging points for EVs

New Delhi (IANS) Tata Power and Indian Oil Corporation Limited (IOCL) have signed a Memorandum of Understanding (MoU) to roll out over 500 electric vehicle (EV) charging points at the oil marketing company's petrol pumps across the country.

Startup funding: India slips to 4th spot in global ranking after dismal 2023

New Delhi (IANS) Making a dent in India’s startup growth story, the country slipped to fourth position in the global ranking among the highest-funded geographies in 2023, as it recorded lowest funding in five years.

After grabbing the third…

Nifty could see correction in Dec second half when FPIs go on vacation

New Delhi (IANS) Nifty could remain buoyant aided by resumption of FPI flows, however, the second half of December could see some correction/consolidation as FPIs go away on year-end holidays, HDFC Securities said in a report.

At higher levels,…

Dual investor interest surfaces in SpiceJet; equity infusion up to Rs 1,500cr anticipated

New Delhi (IANS) In what looks like a significant development for SpiceJet, two major investors have expressed interest in injecting equity into the airline, sources in the know of things claimed.

The airline's board is set to convene on…

Govt to make GIFT City global hub of new age finance & tech services: PM Modi

New Delhi,(IANS) Prime Minister Narendra Modi on Saturday said the government wants to take GIFT IFSCA beyond traditional finance and ventures and make it the global nerve centre of new age global financial and technology services.

Addressing…

India poised to become $30 tn economy by 2047: Piyush Goyal

New Delhi (IANS) Commerce and Industry Minister Piyush Goyal on Friday said that India was poised to become a $30 trillion economy by 2047 with the collective efforts of the government and industry pushing towards an exponential growth rate to achieve…

RBI retains repo rate at 6.5%, GDP growth at 7%, inflation at 5.4%

Chennai (IANS) As predicted by economists, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.5 per cent.

Announcing the decision of the MPC after its three-day deliberations, RBI Governor Shaktikanta…

Global investors, Central Bank heads, regulators express confidence in India’s growth story: RBI Governor

Chennai (IANS) Global investors and Governors of various central banks and other regulators are showing greater confidence in the potential of Indian economic growth and the country’s capacity to grow, said Shaktikanta Das, Governor, Reserve Bank…

Sarvam AI raises $41 mn led by Lightspeed, largest by an Indian AI startup

Bengaluru (IANS) Indian generative AI startup Sarvam AI on Thursday said it has raised $41 million in its Series A round led by Lightspeed and supported by Peak XV Partners and Vinod Khosla-run Khosla Ventures.

This represents the largest raise…

Dunzo fails to pay Nov salaries to its present employees: Report

New Delhi (IANS) Homegrown quick-grocery delivery provider Dunzo has failed to pay November salaries to its current employees, despite partnering with OneTap, a revenue financing firm, earlier this year, media report said on Thursday.

Earlier…