CERC asks Centre to compensate imported coal-based power plants, Tata Power welcomes decision

New Delhi (IANS) Power plants dependent on imported coal should be fully compensated for meeting electricity demand under forced circumstances, the Central Electricity Regulatory Commission (CERC) has said in an order.

In an order dated January…

Nifty50 expected to touch 20,000 in CY2023: ICICI Securities

Chennai (IANS) The Nifty50 index is expected to touch 20,000 points in 2023, forecasts ICICI Securities Ltd in a report.

Stagflation is the key risk to equities in CY23 wherein inflation picks up again post the waning of favourable base effects…

Crypto winter wipes over 70K Bitcoin millionaires in 2022

New Delhi (IANS) The crypto winter wiped over 70,000 Bitcoin millionaires in 2022, as the recent volatility experienced by top cryptocurrency resulted in millionaire holders suffering significant losses, a report showed on Tuesday.

According…

Kia logged 47.7% growth in 2022

Chennai (IANS) Car maker Kia India on Monday said it had closed 2022, clocking 47.7 per cent growth over 2021 with sale of 336,619 units.

The company had dispatched 254,556 units for the Indian market and exported 82,063 units.

Kia India…

LML to showcase EV Star at AutoExpo

Chennai (IANS) Two-wheeler maker LML on Monday said it will showcase its electric model 'Star' at the upcoming AutoExpo 2023 near Delhi, said a top company official.

"We are ecstatic to present this engineering marvel to the world and…

Consolidation of public sector banks leads to 4,837 branches being shut down

Bhopal (IANS) Efforts to connect the poorest of the poor with banks are underway throughout the country, so that the amount of subsidies provided by the government can go directly to their bank accounts. However, it is surprising that 4,837 branches…

Burgeoning fiscal deficit will be a challenge for govt in FY 2023-24

New Delhi (IANS) With the next financial year (2023-24) just a quarter away, India will need to do a tight ropewalk to check its burgeoning fiscal deficit and current account deficit.

India's fiscal deficit widened to Rs 9.78 lakh crore…

India's Apr-Nov fiscal deficit widens to 58.9% of 2022-23 target

New Delhi (IANS) India's fiscal deficit stood at Rs 9.78 lakh crore in the April-November period of 2022-23, which is 58.9 per cent of the Union Budget's target of Rs 16.61 lakh crore for the current fiscal, government data showed.

As…

Current account deficit rose to 4.4% in Q2 from 2.2% in Q1: RBI data

New Delhi (IANS) India's current account deficit rose sharply to 4.4 per cent of the GDP in the second quarter of the current fiscal (2022-23) from 2.2 per cent in the first quarter.

The current account balance recorded a deficit of $36.4…

We are empowering Reliance with new leadership capital: Mukesh Ambani

New Delhi (IANS) Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited (RIL) said on Thursday that Reliance has begun implementing two important tasks of empowering young leadership and young talent.

Speaking at the Reliance…