Quick commerce firm Dunzo and logistics start-up Loadshare are in talks with the Open Network for Digital Commerce (ONDC), a government-backed initiative, to expand their respective two-wheeler fleets to offer…
Category: Economy
EPFO continues to invest in Adani Enterprises, Adani Ports despite market rout; may continue till Sept
The Employees’ Provident Fund Organisation (EPFO) has continued to invest in two Adani stocks despite the rout following the entire Hindenburg saga. EPFO continues to invest in Adani Ports and…
S&P keeps India’s economic growth forecast unchanged at 6% in FY24
S&P Global Ratings on Monday kept its forecast for India’s economic growth unchanged at 6 per cent in the fiscal year starting April 1, before rising to 6.9 per cent…
RBI likely to hike 25 basis point interest rate in monetary policy meet, say experts
With retail inflation remaining above the comfort level of 6 per cent and most global peers including the US Fed continuing their hawkish stance, the Reserve Bank of India too…
Rs 180-crore electronics manufacturing cluster approved at Dharwad in Karnataka
In yet another effort to make India an electronics manufacturing hub, the government has sanctioned a new greenfield for Electronics Manufacturing Cluster (EMC) at Dharwad in Karnataka today. This Rs…
Adani rout impact: LIC plans cap on investment exposure
Life Insurance Corporation (LIC) is reportedly planning to impose caps on its debt and equity exposure to companies, according to a report. This is being done to lower concentration of…
FM Nirmala Sitharaman tables Finance Bill 2023; proposes committee on pension system
Finance Minister Nirmala Sitharaman tabled the Finance Bill 2023 amid an uproar by the opposition parties. The minister also proposed setting up a committee under the Finance Secretary on pension…
ONDC forays into mobility sector; ties up with ride-hailing company
India’s open e-commerce network ONDC on Thursday marked its foray into the mobility sector, tying up with a ride-hailing company in the tech city of Bengaluru to help local businesses…
Vijay Mallya had enough money in 2008-17 to repay banks, but bought assets in Europe: CBI
The Central Bureau of Investigation (CBI), in a supplementary chargesheet against liquor baron Vijay Mallya, said that he had enough money between 2008-17 to repay the loans he had taken…
US pick to lead World Bank, Ajay Banga, to meet PM Modi, S Jaishankar in India
The US nominee to lead the World Bank, former Mastercard CEO Ajay Banga, returns to his native India on Thursday, capping a three-week global tour to drum up support and discuss…