ARCs poised to log 15 pc jump in recovery rate during 2025-26: Crisil
New Delhi, Jan 30 (IANS) The cumulative recovery rate of security receipts for asset reconstruction companies (ARCs) is set to jump by up to 15 percentage points per annum, for the second straight year, touching 75-80 per cent by the next financial year, according to a Crisil Ratings report released on Thursday. The report attributes […]
BEL clocks 47.3 pc jump in Q3 net profit at Rs 1,316 crore
Bengaluru, Jan 30 (IANS) Government-owned Bharat Electronics Ltd (BEL) on Thursday reported a 47.3 per cent growth in its net profit for the third quarter ended December 2024 to Rs 1,316.06 crore, compared to Rs 893.30 crore in the same quarter of the previous year. The Navratna defence public sector company’s consolidated revenue from operations […]
Cabinet okays hike in price of ethanol used for petrol blending
New Delhi, Jan 29 (IANS) The Union Cabinet on Wednesday approved an increase in the ex-mill price of ethanol derived from C Heavy Molasses (CHM) to Rs 57.97 per litre from Rs 56.58 per litre earlier, under the Ethanol Blended Petrol programme, for the supply year 2024-25. The Cabinet Committee on Economic Affairs (CCEA), chaired […]
India Inc. pegs GDP growth at 6.5-6.9 pc for 2025-26: FICCI pre-Budget survey
New Delhi, Jan 28 (IANS) India Inc. is optimistic about the growth prospects of the economy and wants the Union government’s thrust on capital expenditure (Capex) to continue in the Union Budget 2025-26, according to a survey released by apex business chamber FICCI on Tuesday. According to the survey results, about 64 per cent participants […]
30 Indian startups raised $250 million in funding last week
New Delhi, Jan 26 (IANS) At least 30 startups raised $248.87 million in funding last week as the Indian startup ecosystem continues to shine due to strong fundamentals of the economy. Out of these, five were growth-stage deals, while 24 were early-stage deals. While one startup has not given information about its funding. According to […]
India’s non-fossil, fuel-based energy capacity reaches 217.62 GW: Centre
New Delhi, Jan 22 (IANS) India’s total non-fossil, fuel-based energy capacity has reached 217.62 GW (as of January 20), and addressing regulatory, financial and infrastructural challenges world be crucial this year towards meeting the clear energy goals, the government said on Wednesday. With continued policy support, increased investment, and a focus on emerging technologies, India […]
Total area under rabi crops crosses 640 lakh hectares
New Delhi, Jan 20 (IANS) The total farm area sown in the country under various rabi crops in the ongoing season so far has crossed 640 lakh hectares, up from 637.5 lakh hectares in the same period of the previous year, according to official figures released by the Ministry of Agriculture & Farmers’ Welfare on […]
India’s goods and services exports clock 6pc growth to scale $602bn mark in April-Dec
New Delhi, Jan 15 (IANS) India’s total exports of merchandise and services have clocked a 6.03 per cent growth to $602.64 billion during April-December of the current financial year from $568.36 billion in the same period of the previous financial year, the Commerce and Industry Ministry announced on Wednesday. The cumulative value of merchandise exports […]
Adani Group commits Rs 60,000 crore investment plan to enhance Chhattisgarh’s power generation
New Delhi, Jan 12 (IANS) The Adani Group has announced a planned investment of Rs 60,000 crore to expand the group’s power plants in Raipur, Korba, and Raigarh in Chhattisgarh. The Chief Minister’s Office on Sunday posted on X the details of the meeting and the planned investment. The CMO also posted pictures of the […]
Aero India 2025: Rajnath Singh to chair envoys’ round-table tomorrow
New Delhi, Jan 9 (IANS) As a prelude to Aero India 2025, Defence Minister Rajnath Singh will chair the Ambassadors’ round-table on Friday to brief them on the major events of Asia’s biggest aero show scheduled to be held next month at the Air Force Station, Yelahanka, Bengaluru. Invitations have been extended to Ambassadors and […]
