Centre plans to bring PLI scheme for chemicals, petrochemicals sectors: Sitharaman

New Delhi (IANS) The central government has said that it will look at bringing a productivity-linked incentive (PLI) scheme for the chemicals and petrochemicals sector.

Addressing an industry body event organised by FICCI, Finance Minister…

Resolution of top insolvency cases marred by low realisations

New Delhi (IANS) Jaypee Infratech resolution under IBC has netted the highest realisation as a percentage of admitted claims at 88 per cent among the top ten cases.

Jaypee Infratech insolvency commenced in 2017 and concluded in 2023 with the…

Pre-booking for 'Make in India' foldables begins in India with cool pricing, attractive offers

Seou (IANS) Samsung on Thursday announced the availability of its next generation of 'Make in India' foldables, Galaxy Watch and new tablets in the country that will go on pre-booking from July 27 (12 noon onwards) across all leading online…

Punjab National Bank logs Rs 1,255 cr Q1 PAT

Chennai (IANS) Public sector Punjab National Bank on Wednesday said it closed the first quarter of FY24 with a net profit of Rs 1,255.41 crore.

In a regulatory filing, the bank said it closed the Q1FY24 with a total income of Rs 28,579.27 crore…

Reliance, L&T lead Sensex surge

New Delhi (IANS) Globally market participants will be closely watching US Federal Reserve chief Jerome Powell’s comments about the disinflation process in the US and the likely trend in interest rate, says V.K, Vijayakumar, Chief Investment Strategist…

IMF raises India's GDP growth projection to 6.1% in 2023-24

Washington (IANS) The International Monetary Fund (IMF) on Tuesday slightly raised India's GDP projection for the current fiscal to 6.1 per cent from 5.9 per cent.

However this projection by IMF is still lesser than the 6.5 per cent growth…

RIL partners with Brookfield Infra, Digital Realty for India data centre business

New Delhi (IANS) Reliance Industries Limited (RIL) on Monday announced entering into an agreement to invest alongside Brookfield Infrastructure and Digital Realty in their Indian SPVs set up for developing data centres in the country.

RIL will…

Tata Motors Q1 PAT at Rs 3,300 crore, to rejig capital

Chennai (IANS) Automobile major Tata Motors Ltd closed the first quarter of FY24 with a consolidated net profit of Rs 3,300.65 crore.

The company’s Board also approved the simplification and consolidation of its capital structure.

Tata…

FPIs sold stocks worth Rs 2,081 cr in last 2 days indicating buying exhaustion

New Delhi (IANS) In the last two days, FPIs have sold stocks worth Rs 2,081 crore indicating buying exhaustion, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

FPI flows have slowed down. This is normal response…

realme Pad 2: Perfect companion for today’s youth

New Delhi (IANS) In today’s fast-paced digital world, tablets have become the go-to choice for the tech-savvy generation. From on-the-go productivity to immersive entertainment, tablets offer a seamless experience for all.

Among the tech giants,…