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100 airports to be developed by 2024 under UDAN scheme

100 airports to be developed by 2024 under UDAN scheme

06-02-2023  comments

New Delhi (IANS) The government has planned to develop 100 airports by 2024 under the Regional Connectivity scheme (RCS)-Ude Desh ka Aam Nagrik (UDAN) infrastructure scheme.

Upgradation and modernization of airports is a continuous process…

Budget doubles funds for Indian knowledge system; thrust on regional languages

Budget doubles funds for Indian knowledge system; thrust on regional languages

05-02-2023  comments

New Delhi (IANS) Special provisions have been introduced in the Union Budget 2023-24 to promote indigenous languages and Indian Knowledge System (IKS) among the youth.

An allocation of Rs 300.7 crore has been made in the budget for…

RBI to continue or hit the pause button on rate hike?

RBI to continue or hit the pause button on rate hike?

05-02-2023  comments

Chennai (IANS) With the retail inflation down, if the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) pause on the policy rate hike or increase it by 25 basis points to 6.50 per cent will be known on February 8.

The RBI's…

Centre asks Vodafone Idea to convert Rs 16,000 dues into equity

Centre asks Vodafone Idea to convert Rs 16,000 dues into equity

04-02-2023  comments

New Delhi (IANS) Financially-stressed telecom company Vodafone Idea said on Friday that the government has directed it to convert a portion of its dues worth Rs 16,000 crore it owes to the exchequer into equity in the government's favour.

Leading the 'green agenda'

Leading the 'green agenda'

04-02-2023  comments

New Delhi (IANS) All over the world, active work is being conducted to protect and preserve our planet. However, the relevance of this issue continues to grow each year. To combat this, it is paramount that we take significant steps to reduce the…

UPI-based transactions hit record 8.03 bn in Jan at Rs 13 tn in value

UPI-based transactions hit record 8.03 bn in Jan at Rs 13 tn in value

03-02-2023  comments

New Delhi (IANS) The Unified Payments Interface (UPI)-based transactions hit 8.03 billion in January, a substantial increase from the 7.82 billion transactions recorded in December 2022.

According to the data by the National Payments Corporation…

No immediate impact on credit ratings of Adani Group: Fitch Ratings

No immediate impact on credit ratings of Adani Group: Fitch Ratings

03-02-2023  comments

Chennai (IANS) Global credit rating agency Fitch Ratings on Friday said there is no immediate impact on its ratings of Adani Group entities and their securities following a "short-seller report" alleging malpractices.

Fitch Ratings also said…

Portion of Adani Group's capex is deferrable: Moody's

Portion of Adani Group's capex is deferrable: Moody's

03-02-2023  comments

Chennai (IANS) Global credit rating agency Moody's Investors Service on Friday said a portion of Adani Group's planned capital expenditure is deferrable.

Moody's also said the adverse developments relating to the Adani Group - rapid…

IndiGo reports net profit of Rs 1,422 crore in Q3

IndiGo reports net profit of Rs 1,422 crore in Q3

03-02-2023  comments

New Delhi (IANS) IndiGo airline reported a profit of Rs 20,091 million excluding foreign exchange loss for the quarter ending December 2022. The airline reported a net profit for the quarter aggregated to Rs 1,422 crore including foreign exchange…

Amid Adani group row, RBI says banking sector remains resilient

Amid Adani group row, RBI says banking sector remains resilient

03-02-2023  comments

New Delhi (IANS) Amid doubts being raised over state-owned banks' exposure to Adani group, the Reserve Bank of India (RBI) on Friday said that "the banking sector remains resilient and stable".

"There have been media reports expressing…

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