2 new IPOs to hit market next week, six listings awaited
Mumbai, Jan 25 (IANS) Two new initial public offerings (IPOs) will open for investors next week — one mainboard and the other an SME public issue. Among the upcoming public offerings, Dr Agarwal’s Healthcare will launch its IPO in the mainline segment on January 29 and will remain open until January 31. The IPO of […]
India’s strategic advantage in GCCs highlighted at WEF 2025
Davos, Jan 22 (IANS) India’s strategic advantage in Global Capability Centres (GCCs) was highlighted at a session organised by the Confederation of Indian Industry as part of the brainstorming at the WEF meet here on Wednesday. Nadir Godrej, Chairman & Managing Director, Godrej Industries Ltd, said, “India’s strong startup ecology is an opportunity for collaboration. […]
Assam can house an automobile manufacturing ecosystem: CM Sarma
Guwahati, Jan 20 (IANS) Assam Chief Minister Himanta Biswa Sarma on Monday said that his state is now prepared for becoming an ecosystem of automobile manufacturing ecosystem that can transform the entire northeast. Sarma is on a visit to the South Korean capital Seoul to showcase Assam’s strength to come up as a potential destination […]
Wipro’s Q3 net profit rises 4.5 pc to Rs 3,254 crore
Bengaluru, Jan 17 (IANS) IT software major Wipro Ltd reported a 4.5 per cent sequential increase in consolidated net profit to Rs 3,354 crore for the October-December quarter of the current financial year compared to the preceding quarter. The company has declared an interim dividend of Rs 6 per share. The total revenue of the […]
IREDA finalises pact for joint venture to set up 900 MW hydroelectric project in Nepal
New Delhi, Jan 17 (IANS) The Indian Renewable Energy Development Agency Ltd. (IREDA) on Thursday finalised a joint venture agreement with SJVN Ltd., GMR Energy Ltd., and Nepal Electricity Authority (NEA) for the development of the 900 MW Upper Karnali Hydroelectric Project in Nepal as part of a strategic initiative aimed to strengthen regional energy […]
Adani Group’s copper arm joins Washington-based International Copper Association
Washington, Jan 16 (IANS) Kutch Copper Ltd, an Adani Group company, has joined the International Copper Association (ICA) as its newest member. Headquartered in Washington DC, ICA is a not-for-profit trade association representing half the world’s copper production, with 33 members across six continents. Strategically located in Mundra on the Gujarat coast, Kutch Copper is […]
Cote d’Ivoire increases oil, gas output with Baleine Phase 2
Abidjan, Jan 16 (IANS) Cote d’Ivoire’s oil and gas production is expected to rise to a total of 75,000 to 85,000 barrels per day of crude oil from the current output of 30,000 barrels per day following the “successful” start of production in phase 2 of the Baleine field, the government said. “The cumulative production […]
Centre launches ‘Cyber Security Grand Challenge 2.0’ with Rs 6.85 crore prize pool
New Delhi, Jan 15 (IANS) The government on Wednesday launched the ‘Cyber Security Grand Challenge 2.0’ (CSGC 2.0) with a total prize money of Rs 6.85 crore, more than doubling the amount from Rs 3.2 crore in the first edition. The initiative will provide mentorship, capability-building and market access to innovators, startups and budding entrepreneurs, […]
India’s automobile sales surge 11.6 pc to record 2.5 crore units in 2024
New Delhi, Jan 14 (IANS) India’s automobile sales surged by a robust 11.6 per cent in 2024 to scale the highest-ever mark of 2.5 crore units compared to the corresponding figure of 2.3 crore units in the previous year, according to wholesale data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday. With […]
Vehicle finance AUM in India to touch Rs 9.4 lakh cr through FY26, used vehicles’ sale to surge
New Delhi, Jan 14 (IANS) The vehicle finance assets under management (AUM) in India is expected to touch Rs 9.4 lakh crore through next fiscal (FY26) with a compound annual growth rate (CAGR) of 15-16 per cent for this fiscal and next, according to a report on Tuesday. The continued demand for used vehicles and […]
