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INDUSTRY

INDUSTRY

NCRTC, DB India ink pact for operation, maintenance of Delhi-Meerut-Ghaziabad rapid transit corridor

NCRTC, DB India ink pact for operation, maintenance of Delhi-Meerut-Ghaziabad rapid transit corridor

Jul 01, 2022

DB India will operate and maintain the country's first Regional Rapid Transit System (RRTS) corridor for a period of 12 years.

330 EV charging stations to be set up around Hyderabad

330 EV charging stations to be set up around Hyderabad

Jul 01, 2022

Also, the Hyderabad Metropolitan Development Authority would be setting up another 100 stations within its limits, an official release stated.

IFFCO secures 20-year patent for nano urea and nano DAP

IFFCO secures 20-year patent for nano urea and nano DAP

Jul 01, 2022

'This intellectual property of IFFCO Nano Urea and Nano DAP will strengthen Indian economy by reducing input cost to agriculture,'' Iffco Managing Director US Awasthi said.

Jharkhand to unveil ambitious 4,000 MW solar policy

Jharkhand to unveil ambitious 4,000 MW solar policy

Jul 01, 2022

The policy sets a cumulative target of generating 4,000 MW of solar energy in the next five years.

NMDC iron ore production falls 14% to 2.57 MT in June

NMDC iron ore production falls 14% to 2.57 MT in June

Jul 01, 2022

The company's production from mines in Chhattisgarh remained flat during June at 1.94 MT. The output from Karnataka mines fell to 0.63 MT as compared to 1.04 MT in June 2021.

SBI's gold loan portfolio crosses Rs 1 lakh crore-mark for 1st time

SBI's gold loan portfolio crosses Rs 1 lakh crore-mark for 1st time

Jul 01, 2022

SBI's gold loan portfolio crosses Rs 1 lakh crore-mark for 1st time.

NTPC declared commercial operation of the final part capacity of 20 MW out of 100 MW Ramagundam Floating Solar PV Project at Ramagundam, Telangana with effect from today.

India’s largest floating solar power project commissioned

Jul 01, 2022

NTPC declared commercial operation of the final part capacity of 20 MW out of 100 MW Ramagundam Floating Solar PV Project at Ramagundam, Telangana with effect from today.

Over 15% gig workers face financial deficit of Rs 5,000 on average: Report

Over 15% gig workers face financial deficit of Rs 5,000 on average: Report

Jul 01, 2022

The report is based on a detailed survey of over 500 active gig workers across sectors – including hyperlocal and city logistics, e-commerce logistics, flexi-staffing, food services, and FoS sales, who use KarmaLife’s platform.

Customers below 60 years of age can earn upto 7.50 per cent per annum on an FD for duration of 44 months.  

Bajaj Finance hikes FD rates by 20 bps across tenors; check latest rates here  

Jul 01, 2022

“The fixed deposit rates on all investments starting at Rs 15,000 have now been revised, with effect from July 1 2022. All investor categories and tenors now receive higher FD interest rates up to 7.75 per cent p.a., hastening the growth of an investor’s capital”, said Bajaj Finance in a release.

India's power consumption rises 17.2% in June to 134.13 BU

India's power consumption rises 17.2% in June to 134.13 BU

Jul 01, 2022

Power consumption in June last year was recorded at 114.48 BU, which was higher than 105.08 BU in the same month of 2020, according to power ministry data.

COAI warns big tech firms may enter 5G market via captive non-public networks (Photo: Reuters)

COAI warns big tech firms may enter 5G market via captive non-public networks

Jul 01, 2022

According to the COAI, companies like Amazon, Google, Cisco, Intel, Microsoft, and Apple might face off against telecom providers in the enterprise connectivity space.

The letter stated that out of 5,203 flights in May, 11.9 per cent got delayed due to ground handling-related inefficiencies

AI may be forced to shut or scale down flight ops on ground handling issues: CustEx head

Jul 01, 2022

The letter by Head of Customer Experience and Ground Handling Operations at Air India Rajesh Dogra states that Air India will be forced to either discontinue or scale down AIASL ground handling ops for AI flights and look for arrangements.  

GST Council's decision to help small e-commerce sellers: Nasscom

GST Council's decision to help small e-commerce sellers: Nasscom

Jun 30, 2022

Nasscom welcomed the decision of the GST Council on the in-principle approval for relaxation in the provisions for suppliers making supplies through E-Commerce Operators (ECOs).

Bharti Airtel informs DoT it shall avail defer payment of AGR dues till FY19

Bharti Airtel informs DoT it shall avail defer payment of AGR dues up to FY19

Jun 30, 2022

Airtel said that it will not be converting its outstanding interest payments into equity.

HDFC Bank sees improvements in salaries, joining hikes and dropouts among IT talent

HDFC Bank sees improvements in salaries, joining hikes and dropouts among IT talent

Jun 30, 2022

The country’s largest private lender sees improvement in unreasonable demands, opportunistic behaviour and offer dropouts on the part of potential candidates.

EXCLUSIVE: Pharma giant Bayer is keenly eyeing India's OTC market

EXCLUSIVE: Pharma giant Bayer is keenly eyeing India's OTC market

Jun 30, 2022

Global pharmaceutical and life sciences company Bayer is eyeing the growing market for over-the-counter (OTC) products in India. And has a strategy in place for expansion.

India, Japan discuss collaboration on 5G technologies

India, Japan discuss collaboration on 5G technologies

Jun 30, 2022

Both sides discussed important areas of bilateral cyber cooperation and reviewed the progress achieved in the areas of cybersecurity and information and communication technologies, a statement from the Ministry of External Affairs read.

Solar projects face pressure resistance as cell, module prices surge: Report

Solar projects face cost pressure as cell, module prices surge: Report

Jun 30, 2022

The cost pressure is significant for projects aggregating to 4.4 GW which constitutes around 12% of the projects under implementation in the country, rating agency Icra said in a report.

It further noted these were older aircraft and are being phased out whereas many have left the fleet while adding these aircraft are being replaced by fuel-efficient Boeing 737 MAX aircraft.

Not received any complaint from DGCA, Jet Airways regarding aircraft livery: SpiceJet 

Jun 30, 2022

SpiceJet took a lease of certain Boeing 737 aircraft from its lessors which were previously on lease with Jet Airways, the airline explained in an exchange filing.  

PNB Housing Fin to seek shareholders' approval to raise Rs 12,000 cr in debt

PNB Housing Fin to seek shareholders' approval to raise Rs 12,000 cr in debt

Jun 30, 2022

The housing finance company is scheduled to convene its annual general meeting (AGM) next month on July 26.

 The upward revision in the deposit interest rate will encourage retail customers to invest more in various term deposit schemes of the bank, the release said.

Karnataka Bank hikes interest rates on domestic, NRE rupee term deposits

Jun 30, 2022

The upward revision in the deposit interest rate will encourage retail customers to invest more in various term deposit schemes of the bank, the release said.