NEWS
Indian Oil, Panasonic team up for lithium-ion cell production in India
02 Apr 2024
State-owned oil refining and marketing company Indian Oil Corporation Ltd (IOCL) will be setting up a joint venture with Panasonic Energy Co Ltd, a unit of Japan’s Panasonic Group, for manufacturing lithium-ion batteries and energy storage systems.
Govt e-marketplace GeM onboards over 2 m sellers, records Rs4-cr turnover
01 Apr 2024
Government e-marketplace (GeM) has onboarded 2.1 million sellers and doubled its turnover (gross merchandise value) as of end-March 2024, doubling the GVM year-on-year.
ABB to buy back shares worth up to $1 billion
01 Apr 2024
Electrification and automation technology leader ABB will launch a new share buyback programme for up to $1 billion, under which the company will be buying back nearly 21.3 million shares at the current market price.
India’s core sector output expands by 6.7% in February
01 Apr 2024
Core sector industrial production in India expanded by 6.7 per cent in February 2024, on the back of increased production of coal, natural gas, cement, steel, crude oil, electricity and petroleum refinery products, provisional figures released on Thursday showed.
Tata EV arm, HPCL join to boost charging infrastructure
01 Apr 2024
Tata Passenger Electric Mobility Ltd (TPEM) has teamed up with state-owned fuel marketing company Hindustan Petroleum Corporation Limited (HPCL) to develop 5,000 electric vehicle charging stations across the country by the year-end.
Adani Ports acquires 95% stake in Gopalpur Ports for Rs1,349 crore
27 Mar 2024
Adani Ports & Special Economic Zone Ltd (APSEZ) has acquired 95 per cent stake in Gopalpur Ports Ltd (GPL) in Odisha, at an enterprise value of Rs3,989 crore.
Dell cuts nearly 6,000 jobs globally
27 Mar 2024
Dell Inc, a global provider of desk-top computers, laptops and related products and services, on Monday announced that it has reduce4d its workforce by 6,000 globally, as part of a cost-cutting effort.
SWIFT to launch new platform for central bank digital currencies
27 Mar 2024
Global bank networking system SWIFT will be building a new platform for digital currencies issued by central banks, over the next two years.
Intel gets US govt funding for $100 billion revamp, expansion programme
25 Mar 2024
Intel is embarking on a major expansion and upgradation programme, involving investment of $100 billion, by setting up manufacturing facilities in four US states and upgrading existing facilities
India's forex reserves hit record $642.5 billion
25 Mar 2024
India’s foreign exchange reserves rose to an all-time high of $642.5 billion during the week ended 15 March 2024 as the surge in the forex inflows continued for the third successive week.
Isro carries out second landing test of Reusable Launch Vehicle
25 Mar 2024
Indian Space Research Organisation (Isro) on Friday successfully carried out a second test landing of its Reusable Launch Vehicle, Pushpak.
Dollar rises as Fed gives hope of rate cuts starting June
25 Mar 2024
The US dollar rallied against all G-10 currencies except the yen, on the back of rate hikes by several central banks while a relatively strong US economy and hoped of Fed lowering interest rates this year itself boosted carry trade.