Murugappa’s TI Clean Mobility to raise Rs 1,050 crore, roll out 55-tonne truck

Chennai (IANS) Murugappa group’s electric vehicle (EV) arm TI Clean Mobility Private Limited (TICMPL) will roll out 55-tonne truck at its Manesar facility in Haryana and electric tractors out of its plant here, said top officials of parent company…

Forex reserves rise to $595.051 billion

New Delhi (IANS) India's foreign exchange reserves rose by $1.853 billion to $595.051 billion in the week ending June 30.

Foreign currency assets (FCAs) also rose by $2.5 billion to $528 billion, according to the weekly statistical supplement…

RBI issues directions on issuance of debit, credit cards

New Delhi (IANS) The Reserve Bank of India (RBI) on Wednesday issued a draft circular on issuance of debit, credit, and prepaid cards, directing that card issuers shall issue cards across more than one card network and also give an option to customers…

India has highest tariffs on inputs in electronics among competing nations: ICEA

New Delhi (IANS) India has the highest tariffs on inputs in electronics among the competing economies which accentuates India’s cost disability in comparison to those nations, a new report showed on Thursday.

The India Cellular and Electronics…

RIL stock has historically outperformed going into AGM

New Delhi (IANS) Historically, Reliance Industries Limited (RIL) has made key announcements on value unlocking catalysts and future growth plans in their AGM, BofA Global Research said in a note.

“We expect similar announcements this year,…

E-commerce growth in India to hit $150 bn by 2026: Report

New Delhi (IANS) The e-commerce transaction value in India is likely to rise from $83 billion in 2022 to nearly $150 billion in 2026 at a 16 per cent compound annual growth rate, a report showed on Wednesday.

The Philippines, Indonesia, India,…

Maruti Suzuki launches Invicto starting at Rs 24.79 lakh

Chennai (IANS) Passenger car major Maruti Suzuki India Ltd on Wednesday launched its premium three row utility vehicle (UV) model Invicto priced between Rs 24.79 lakh and Rs 28.42 lakh.

The model will be retailed by Maruti Suzuki India’s premium…

India's market cap outperforms global markets

New Delhi (IANS) Global market cap rose 7.3 per cent ($7.2Tn) over the last 12 months, while India's market cap jumped 17.2 per cent Barring Russia and China, all key global markets witnessed a rise in market cap over the last 12 months, Motilal…

Alstom India to onboard 58% women engineers under its flagship programme

Bengaluru (IANS) Alstom India on Tuesday announced to onboard 700 engineers, of which 58 per cent will be women, for its flagship young engineering graduate programme (YEGP) of 2023.

This is the highest ever intake under this initiative in…

India's economic scale, market potential enabling startups to flourish: Piyush Goyal

Gurugram (IANS) Union minister Piyush Goyal said on Tuesday that India's remarkable economic scale and market potential have played a pivotal role in enabling startups to flourish and thrive in the global startup ecosystem. 

Addressing…