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

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

24-01-2023  comments

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

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

24-01-2023  comments

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

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

23-01-2023  comments

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…

Rupee falls against dollar again

Rupee falls against dollar again

23-01-2023  comments

Chennai (IANS) The Indian rupee came down against the US dollar on Monday, crossing the Rs 81 mark vis-a-vis a dollar.

The rupee had closed at just over Rs 81 on Friday.

On Monday, the Indian currency opened at Rs 80.92 at the interbank…

India on top gear in its drive to achieve ambitious 2030 milestones

India on top gear in its drive to achieve ambitious 2030 milestones

22-01-2023  comments

New Delhi (IANS) Despite some initial hiccups, the EV penetration in India is slowly but steadily increasing, especially in the e-scooter segment. Now, the four-wheeler manufacturers have also joined the bandwagon, pushing Indias aim to significantly…

Pre-budget rally seems likely after last week's moves

Pre-budget rally seems likely after last week's moves

22-01-2023  comments

It was a tough week at the bourses and the benchmark indices gained on two of the five trading sessions. They ended with small gains for the week even though Dow had a poor showing.

BSESENSEX gained 360.59 points or 0.60 per cent to close at…

How Google-CCI fight becomes India's digital opportunity

How Google-CCI fight becomes India's digital opportunity

21-01-2023  comments

New Delhi (IANS) The latest verdict of Supreme Court in the Google-CCI case can benefit the Indian tech and digital industry in the long run but there is a long road ahead to achieve that goal, industry experts said on Saturday.

In the ruling…

Reliance Industrial Infra logs Rs 190.43L net for Q3

Reliance Industrial Infra logs Rs 190.43L net for Q3

20-01-2023  comments

Chennai (IANS) Reliance Industrial Infrastructure Limited on Friday said it logged a net profit of Rs 190.43 lakh for the third quarter of FY23.

The company in a statement issued said for the period ended December 31, 2022 its total income…

Crypto lending platform Genesis files for bankruptcy

Crypto lending platform Genesis files for bankruptcy

20-01-2023  comments

New Delhi (IANS) Popular cryptocurrency broker Genesis has filed for Chapter 11 bankruptcy following the meltdown of the FTX exchange, media reports said.

According to bankruptcy documents, the company listed over 1,00,000 creditors in a "mega"…

No country reflects arising pragmatism better than India: S&P Global Market Intelligence

No country reflects arising pragmatism better than India: S&P Global Market Intelligence

19-01-2023  comments

New Delhi (IANS) India is projected to become the third-largest contributor to global real gross domestic product growth over the next decade, behind only China and the US, according to a new S&P Global Market Intelligence research titled "A Pragmatic…

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