ITC reports strong growth momentum across operating segments for quarter, year ended March 2023

New Delhi (IANS) The Board of Directors of ITC will recommend for shareholders' approval, a special dividend of Rs 2.75 per share in addition to the final dividend of Rs 6.75 per share for the financial year ended March 31, 2023.

Together…

Hyundai Motor India inks agreement with Shell India Markets for EV chargers

Chennai (IANS) Car major Hyundai Motor India Ltd on Wednesday said it has inked a Memorandum of Agreement (MoA) with Shell India Markets Private Limited to install 60 kW DC Fast Chargers across 36 of its electric vehicle (EV) Dealerships in India.

Industry lauds PLI 2.0 for IT hardware to boost laptop, tablet manufacturing

New Delhi (IANS) The industry leaders and original equipment manufacturers (OEMs) on Wednesday welcomed the government's revised Production Linked Incentive (PLI) for IT hardware that included laptops, servers and tablets.

The revised PLI…

Sec'bad-Tirupati Vande Bharat to run faster with more passengers

Hyderabad (IANS) The passenger capacity of the Secunderabad - Tirupati - Secunderabad Vande Bharat Express will more than double to 1,128 and the train will travel faster from Wednesday.

The train which was travelling with eight coaches and…

Bank of Baroda logs Rs 14,109 crore net for FY23, dividend Rs 5.50 per share

Chennai (IANS) Indian government-owned Bank of Baroda on Tuesday said it closed FY23 with a net profit of Rs 14,109.62 crore.

In a regulatory filing the bank said for FY23, it had logged a net profit of Rs 14,109.62 crore (FY23 Rs 7,272.28…

World's most prized morel mushroom plentiful in Himachal forests

Shimla (IANS) Himachal Pradesh's highly prized foraged fungi crop known worldwide for its meaty texture, robust flavor and to ward off free radicals that cause ageing, a large proportion of which are shipped to Europe, is bountiful this year in…

Biphore, Zenara get CDSCO approval for neuro disorder drug

Hyderabad (IANS) Hyderabad-based Biophore India Pharmaceuticals has announced that it has received approval from he Central Drugs Standard Control Organisation (CDSCO) for manufacturing and marketing of Cannabidiol active ingredient in India.

FPI bought equity worth Rs 18,617 crore in May

New Delhi (IANS) In May, foreign portfolio investors (FPI) bought equity for Rs 18,617 crore.

V.K. Vijayakumar, the Chief Investment Strategist at Geojit Financial Services said there is a distinct change in the FPI strategy with a clear tilt…

SC: Operational creditor should be treated as secured creditor in terms of IBC Sections 52, 53

New Delhi (IANS) The Supreme Court has said that an operational creditor should be treated as a secured creditor in terms of Section 52 read with Section 53 of the Insolvency & Bankruptcy Code (IBC) and entitled to retain the security interest in…

Overall 5G connections to grow to 3.2 bn in Asia-Pacific in 2025

New Delhi (IANS) 5G connections in the Asia-Pacific region, both mobile subscriber and IoT connections, will grow from 574 million in 2021 to 3.2 billion in 2025, growing at a five-year compound annual growth rate (CAGR) of 87.9 per cent, according…