No plan to introduce cryptocurrency, says Govt

New Delhi (IANS) There is no plan by the government to introduce cryptocurrency, the Parliament was told on Tuesday.

There is no plan to introduce a cryptocurrency and currently it is unregulated in India, Minister of State for Finance Pankaj…

Chinese Banks seek FM's urgent intervention in resolution plan for Reliance Infratel

New Delhi (IANS) Chinese banks have written to Finance Minister Nirmala Sitharaman on the delays in the implementation of the Resolution Plan for Reliance Infratel Limited.

China Development Bank, Export Import Bank of China, Shubh Holdings…

Amazon is bringing us to our knees, we're broke: Future Retail to SC

New Delhi (IANS) The Future Retail counsel on Tuesday informed the Supreme Court that his client is broke and Amazon has driven the firm to its knees, after Amazon's counsel submitted that talks between the parties to settle legal disputes have…

India's 1st D2C unicorn Licious raises $150 mn, to widen reach

Bengaluru (IANS) Direct-to-consumer (D2C) foodtech platform Licious on Tuesday announced it has raised $150 million, six months after the online meat delivery platform became the first D2C unicorn in the country.

The funds raised through Series…

Soaring LNG prices likely to drive up India's Rs 1 tn fertiliser subsidy

New Delhi (IANS) India's heavy reliance on imported Liquified Natural Gas (LNG) as a fertiliser feedstock exposes the nation's balance sheet to ongoing global gas price hikes, increasing the government's fertiliser subsidy bill, a new…

Shortage of coal: Two thermal plants in TN shut

Chennai (IANS) Two thermal power plants in Tamil Nadu at Mettur and Thoothukudi (each 210 MW capacity), have been temporarily shut down due to the shortage of coal.

Tamil Nadu Generation and Distribution Corporation (Tangedco) official said…

Auto ancillary's FY23 revenue expected to grow at 10-15% YoY

New Delhi (IANS) Domestic auto ancillary sector's revenue is expected to grow at 10-15 per cent year-on-year (YoY) in FY23.

Accordingly, the trend is supported by moderate growth of 5-9 per cent YoY in original equipment manufacturers'…

India's Jan 2022 industrial production rises sequentially, YoY

New Delhi (IANS) India's industrial output rose on a sequential as well as on a year-on-year basis in January 2022, official data showed on Friday.

The Index of Industrial Production (IIP) for January 2022 rose by 1.3 per cent from a rise…

Equity indices extend gains; Sensex up nearly 300 pts

New Delhi (IANS) India's benchmark equity indices extended their gains from the previous session and increased in the opening session on Friday.

With Friday's rally, indices have managed to rise for four consecutive sessions.

At…

SUN Mobility appoints Anant Badjatya as new India CEO

Bengaluru (IANS) EV infrastructure provider SUN Mobility on Thursday announced to appoint Anant Badjatya as the CEO for its India business.

An engineer from NIT Durgapur and an alumnus of INSEAD France, he served as Group CEO with Stallion…