India’s forex kitty falls for 5th week in a row

Mumbai (IANS) India’s foreign exchange reserves fell for a fifth consecutive week to settle at a five-month low of $584.74 billion as of October 6, figures compiled by the RBI showed on Friday.

The $2.17 billion decline from the previous week…

Govt shelves move to curb laptop imports

New Delhi (IANS) The government is rolling back its plan to restrict laptop imports, months after suddenly announcing the move to introduce a licence system which was aimed at boosting domestic production but had drawn flak from industry as an interference…

Indian startup sector sees significant drop in deal activity in 2023

New Delhi (IANS) The Indian startup sector saw a significant drop in deal activity in 2023 (year-to-date) compared to the same period in 2022, a report showed on Friday.

Overall, there was a 39 per cent decrease in the number of deals and a…

Domestic air passengers annual traffic volume surged to 29.10%: DGCA

New Delhi (IANS) Domestic airline passenger numbers for the period spanning January to September soared to 1,128.62 lakh, showcasing a substantial increase from the 874.24 lakh recorded during the same period the previous year, said the aviation watchdog,…

India's industrial output surged to 14-month high of 10.3% in Aug

New Delhi (IANS) India's industrial output rose to a 14-month high of 10.3 per cent in August, the data released by the National Statistics Office on Thursday showed.

While the high growth is showing up in comparison to a very low base…

HPL to invest Rs 3,000 crore in West Bengal

Kolkata (IANS) Haldia Petrochemical Limited (HPL), on Thursday, has claimed that it will be making a fresh investment of Rs 3,000 crore in the chemicals sector in West Bengal by setting up new factories at Haldia in East Midnapore district.

According…

Infosys logs Rs 6,212 cr profit for Q2, declares interim dividend of Rs 18

Chennai (IANS) Information technology (IT) major Infosys announced on Thursday that it closed the second quarter of FY24 with higher revenue and net profit.

The company said the Board of Directors has approved payment of interim dividend of…

Maruti Suzuki starts shipping out Jimny 5-Door SUV

Chennai (IANS) Passenger car major Maruti Suzuki India Ltd announced on Wednesday that it has commenced exports of sport utility vehicle (SUV) Jimny 5-Door.

The vehicle will be shipped to destinations including Latin America, Middle East and…

French brand Thomson set to launch laptops across price points in India in early 2024

New Delhi (IANS) After making a splash in the Indian TV market, French consumer electronics brand Thomson is geared up to launch a series of laptops across price points in the domestic market in the first quarter of 2024, a top company executive said…

Cabinet likely to amend MMDR Act to introduce royalty rates for lithium, rare earth minerals

New Delhi (IANS) The Central government is likely to amend the Mines and Minerals (Development and Regulation) Act, to fix royalty rates for lithium, niobium and rare earth minerals.

According to sources, the Union Cabinet is likely to clear…