As short selling report roils markets, SBI defends exposure

Mumbai (IANS) India's largest lender State Bank of India (SBI) said on Friday that its exposure to the Adani Group was well below the Reserve Bank of Indias (RBIs) Large Exposure Framework and was secured by cash generating assets.

The…

Cong to corner govt on runaway wheat flour prices, mounting national debt

New Delhi (IANS) With the prices of wheat flour touching a 10-year high and other essential commodities also heading north, the Opposition expects the government to announce measures to check the runaway inflation in the Union Budget and also concessions…

Powergrid drone project pre-qualifications seen to be restrictive

New Delhi (IANS) The pre-qualification requirements laid down by the Power Grid Corporation of India Limited (PGCIL) is extremely restrictive as it states that the bidder must have successfully completed drone patrolling using mounted camera for visual,…

Aadhaar e-KYC transactions up 18.53% in Q3 of FY 2022-23

New Delhi (IANS) Adoption of Aadhaar based e-KYC has witnessed continuous progress, and in the October-December quarter (Q3) of FY 2022-23, more than 84.8 crore e-KYC transactions were executed using Aadhaar, a growth of 18.53 per cent over the Q2…

9 out of 10 individual traders in F&O segment making losses

New Delhi (IANS) Nine out of 10 individual traders in the equity F&O segment incurred net losses during both the years FY 2018-19 and FY 2021-22, according to a study by market regulator SEBI.

There has been a significant increase of over 500…

DGCA amends rules, airlines to reimburse up to 75% of ticket cost to flyers if downgraded involuntarily

New Delhi (IANS) Aviation regulator Directorate General of Civil Aviation (DGCA) on Wednesday amended rules on facilities to be provided to passengers by airlines due to denied boarding, cancellation of flights and delays in flights.

The amendment…

Action plan introduced to accelerate PM Gati Shakti scheme's progress

New Delhi (IANS) An action plan was introduced to accelerate the PM Gati Shakti scheme's progress in the meeting of the Group of Infrastructure Committee on Tuesday to address existing inter-ministerial issues with regard to implementation of…

Ukraine crisis, Europe slowdown: TN textile industry seeks export incentives in Union budget

Chennai (IANS) The textile industry of Tamil Nadu has sought export incentives and additional credit support in the budget for 2023-24 of the Union government to be presented in Parliament on February 1.

The Tiruppur textile industry which…

5G IoT connections to surpass 100 mn globally by 2026: Report

New Delhi (IANS) The global 5G IoT (Internet of Things) connections will reach 116 million by 2026, rising from just 17 million in 2023, a new report said on Tuesday.

According to Juniper Research, the healthcare sector and smart city services…

Deeptech battery startup Log9 raises $40 mn, aims global footprint

Bengaluru (IANS) Deep-tech battery startup Log9 on Monday said it has raised $40 million as a part of its Series B funding, in a mix of equity and debt led by Amara Raja Batteries Ltd and Petronas Ventures.

Log9, backed by its recent series…