Adani Ports Q3 net down at Rs 1,336.51 crore

Chennai (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it closed the third quarter of FY23 with a lower net of Rs 1,336.51 crore.

The company is mulling loan repayment/prepayment of Rs 5,000 crore during next fiscal,…

With vote split, RBI's MPC might hike repo rate by 25 bps: Experts

Chennai (IANS) Will there be a convergence or divergence among the members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on the 25 basis points (bps) policy rate hike, experts debate.

However, the experts believe…

100 airports to be developed by 2024 under UDAN scheme

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…

BYJU's to miss March 2023 deadline for group level profitability, results delayed again

New Delhi (IANS) Edtech firm BYJU's will not be able to meet its March 2023 deadline to achieve group-level profitability, as it envisioned in its earnings in October last year, reliable sources said on Monday. On top of it, its results for most…

Capital amounting Rs 2,76,043 crore infused in PSBs since FY2017-18

New Delhi (IANS) Capital amounting to Rs 2,76,043 crore infused in public sector Banks (PSBs) since FY 2017-18, has been funded through recapitalisation bonds issued by the Central government and subscribed by the recapitalised banks for the full…

India's economy already 10% more energy efficient than G20 average: IEA

New Delhi (IANS) India's economy is already 10 per cent more energy efficient than both the global and G20 average. India took less time to go from half to full electricity access than other major economies, the International Energy Agency (IEA)…

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

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…

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

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…

Leading the 'green agenda'

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…

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

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.