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…

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'…

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…

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…

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…

SpiceJet, Indigo shares fly as Centre allows scheduled int'l flights

New Delhi (IANS) Shares of Spicejet and Interglobe Aviation – which operates airline Indigo – rose sharply on Wednesday after the Centre's announcement to lift the ban on scheduled international flights.

India will allow resumption of scheduled…

Samsung set to become top premium player in India with S22 series

New Delhi (IANS) Samsung India on Wednesday said that it has received 1,4 lakh pre-bookings for its newly-launched Galaxy S22 series in the country to date, as the company aims to make its premium flagships more accessible to the aspirational users…

Integrity of Budget numbers under threat as oil prices spike

New Delhi (IANS) The integrity of the Budget numbers is under a threat and the much-hyped increase in capital expenditures may not materialise as much as it was hoped, says M. Govinda Rao, Chief Economic Adviser, Brickwork Ratings.

The basic…