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Domestic airlines register 36.10% annual growth in passenger count and monthly growth of 15.24%

Domestic airlines register 36.10% annual growth in passenger count and monthly growth of 15.24%

New Delhi: Passengers carried by domestic airlines registered an annual growth of 36.10% and monthly growth of 15.24%, the ministry of civil aviation said Friday citing traffic data provided by different domestic airlines.

IBNSJun 17, 2023
Govt announces opening of series 1 of Sovereign Gold Bonds: Check out issue price, terms of discount and more

Govt announces opening of series 1 of Sovereign Gold Bonds: Check out issue price, terms of discount and more

New Delhi: The government on Friday announced the opening of the first series of Sovereign Gold Bonds for the current financial year 2023-24.

IBNSJun 17, 2023
NTPC subsidiary commissions 1 MW rooftop solar power project at IIT Jodhpur, to meet 15% of IIT’s electricity needs

NTPC subsidiary commissions 1 MW rooftop solar power project at IIT Jodhpur, to meet 15% of IIT’s electricity needs

New Delhi: NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly owned subsidiary of NTPC, commissioned its first Rooftop Solar Photovoltaic Project at IIT Jodhpur in Rajasthan on Wednesday.

IBNSJun 17, 2023
OpenAI CEO Sam Altman Meets Indian Prime Minister Narendra Modi to Discuss AI's Role in India's Digital Transformation

OpenAI CEO Sam Altman Meets Indian Prime Minister Narendra Modi to Discuss AI's Role in India's Digital Transformation

OpenAI CEO Sam Altman recently met with Indian Prime Minister Narendra Modi in New Delhi. The meeting coincided with three crucial developments: India's chairmanship of the Global Partnership on AI (GPAI), the drafting of AI regulations through the Digital India Bill, and the country's push for conversational AI tools in administrative tasks.  

IBNSJun 13, 2023
India's CPI inflation eases to 4.25 pct in May, lowest figure in 25 months

India's CPI inflation eases to 4.25 pct in May, lowest figure in 25 months

India's retail inflation in May stood at a 25-month low point of  4.25 per cent, as per data released by the Indian government on Monday.

IBNSJun 12, 2023
Maharashtra: Nitin Gadkari inaugurates Rs 816 crore Shelad to Nandura section project on Amravati-Chikhali National Highway 53

Maharashtra: Nitin Gadkari inaugurates Rs 816 crore Shelad to Nandura section project on Amravati-Chikhali National Highway 53

New Delhi: Union Road Transport and Highways Minister Nitin Gadkari Saturday inaugurated the Shelad to Nandura project on Amravati-Chikhali National Highway 53 at Khamgaon, Buldhana, Maharashtra.

IBNSJun 12, 2023
Union ministers Parshottam Rupala and Sarbananda Sonowa inaugurate the Cochin fishing harbour modernisation and upgrade project

Union ministers Parshottam Rupala and Sarbananda Sonowa inaugurate the Cochin fishing harbour modernisation and upgrade project

Cochin: The Cochin fishing harbour modernisation and upgrade project was inaugurated on Saturday by Union ministers Parshottam Rupala and Sarbananda Sonowal in Kerala’s Thoppumpady on Saturday.

IBNSJun 11, 2023
Young entrepreneur from Jammu and Kashmir winning hearts with her  Raghba The Desire Store venture

Young entrepreneur from Jammu and Kashmir winning hearts with her Raghba The Desire Store venture

Srinagar: A young entrepreneur from  Nowpora Tral is promoting the rich cultural heritage of Kashmir through her venture known as 'Raghba The Desire Store'.

IBNSJun 11, 2023
Jammu and Kashmir: New Industrial Policy draws Rs 2200 cr investment in 1 year

Jammu and Kashmir: New Industrial Policy draws Rs 2200 cr investment in 1 year

The New Industrial Policy (NIP) 2021, which came into effect in Jammu and Kashmir on Apr 1, 2022, has started to show its result as the UT is now emerging as an investment hub, media reports said.

IBNSJun 11, 2023
IndiGo denies report on buying majority stake in troubled Go First airline

IndiGo denies report on buying majority stake in troubled Go First airline

Gurugram: InterGlobe Aviation Ltd which operates India’s largest airline IndiGo has refused to answer queries over news reports that it is trying to buy a majority stake in troubled carrier Go First.

IBNSJun 11, 2023
Young entrepreneur from Jammu and Kashmir winning hearts with her  Raghba The Desire Store venture

Young entrepreneur from Jammu and Kashmir winning hearts with her Raghba The Desire Store venture

Srinagar: A young entrepreneur from  Nowpora Tral is promoting the rich cultural heritage of Kashmir through her venture known as 'Raghba The Desire Store'.

IBNSJun 11, 2023
Maninderjit Kala, Kashmiri entrepreneur, ranks Among top 100 Australian entrepreneurs with KnG Group

Maninderjit Kala, Kashmiri entrepreneur, ranks Among top 100 Australian entrepreneurs with KnG Group

Maninderjit Kala, also known as Mannu Kala, has risen to become one of Australia's top entrepreneurs after initially pursuing a master's degree in journalism in Australia in 2009.

IBNSJun 11, 2023
Meta plans to launch Twitter's rival App

Meta plans to launch Twitter's rival App

Menlo Park: The United States-based IT giant Meta (banned in Russia as an extremist organization) plans to launch an app mirroring Twitter and build up publicity by asking prominent public figures to use it, the Wall Street Journal has reported, citing sources.

IBNSJun 10, 2023
With new revival package, Govt makes more efforts to pull BSNL out of trouble

With new revival package, Govt makes more efforts to pull BSNL out of trouble

New Delhi: The authorised capital of state-run telecom company BSNL has expanded from Rs. 1,50,000 crore to Rs. 2,10,000 crore after the government announced a revival package of Rs 89,047 crore this week.

IBNSJun 10, 2023
FY23 GDP growth may be higher than 7.2 pc when final revision comes: CEA

FY23 GDP growth may be higher than 7.2 pc when final revision comes: CEA

Lucknow: Chief Economic Advisor (CEA) V Anantha Nageswaran on Friday said India will grow at 6.5-7% in financial year 2023-24 amid an encouraging environment for business investments and fast-paced digital transformation.

IBNSJun 10, 2023
L&T Finance Holdings declares highest dividend till date

L&T Finance Holdings declares highest dividend till date

Pune: L&T Finance Holdings Limited (LTFH) has recommended a final dividend of Rs. 2 per equity share (face value Rs. 10 per share) for the financial year 2022-23 at a board meeting held on Friday.

IBNSJun 10, 2023
Record diesel and gasoline sales in May indicate strong demand

Record diesel and gasoline sales in May indicate strong demand

New Delhi: India's May diesel and gasoline sales reached record levels, providing a rare positive indication for the global oil markets, Bloomberg reported.

IBNSJun 10, 2023
SBI to raise Rs 50,000 cr from Indian and overseas markets in FY24

SBI to raise Rs 50,000 cr from Indian and overseas markets in FY24

Mumbai: The State Bank of India (SBI) on Friday announced its plan to raise up to Rs 50,000 crore through debt instruments during the current fiscal year.

IBNSJun 09, 2023
RBI approves First Loss Default Guarantee program between fintechs and partner banks, NBFCs

RBI approves First Loss Default Guarantee program between fintechs and partner banks, NBFCs

Mumbai: The Reserve Bank of India (RBI) has given its approval to the First Loss Default Guarantee (FLDG) program, media reports said.

IBNSJun 09, 2023
IRDAI permits Go Digit Life Insurance to run life insurance business

IRDAI permits Go Digit Life Insurance to run life insurance business

Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) on Friday said that it has granted approval to Go Digit Life Insurance Limited to operate in the life insurance sector in India.

IBNSJun 09, 2023
CEA Anantha Nageswaran says Universal Social Security not for countries like India focusing on economic growth

CEA Anantha Nageswaran says Universal Social Security not for countries like India focusing on economic growth

Lucknow: Chief Economic Advisor (CEA) V Anantha Nageswaran on Friday said the concept of Universal Social Security is not good for developing economies like India, which need work on economic growth to realise the aspirations of its citizens.

IBNSJun 09, 2023
ED issues showcause notices to Chinese phone-maker Xiaomi India's top officials and 3 banks for FEMA violations

ED issues showcause notices to Chinese phone-maker Xiaomi India's top officials and 3 banks for FEMA violations

New Delhi: Enforcement Directorate (ED) on Friday issued showcause notices to Chinese mobile manufacturer Xiaomi and three banks for alleged foreign exchange violation of Rs 5,551.27 crore.

IBNSJun 09, 2023
Mumbai murder accused Manoj Sane, partner Saraswati hid marriage due to age gap, cops claim

Mumbai murder accused Manoj Sane, partner Saraswati hid marriage due to age gap, cops claim

Mumbai/IBNS: As new details emerged in the gruesome Mumbai murder, the police Friday revealed that Saraswati Vaidya and Manoj Sane, the man accused of killing her, chopping up her body, and then boiling parts in the pressure cooker at their home, were married.

IBNSJun 09, 2023
HPCL initiates pilot study on E27 Fuel and ethanol blended diesel fuel

HPCL initiates pilot study on E27 Fuel and ethanol blended diesel fuel

New Delhi: Hindustan Petroleum Corporation Limited (HPCL) has launched a pilot study on vehicles using E27 fuel and Ethanol Blended Diesel Fuel.

IBNSJun 09, 2023
SECI to sell 600 MW of wind power to GRIDCO Odisha

SECI to sell 600 MW of wind power to GRIDCO Odisha

Bhubaneshwar: Solar Energy Corporation of India Limited (SECI) will sell 600 MW of wind power to GRIDCO Odisha under a Power Sale Agreement (PSA).

IBNSJun 09, 2023
Hydroelectric: NHDC to construct 525 MW pumped storage project at Rs 4,200 cr in Madhya Pradesh

Hydroelectric: NHDC to construct 525 MW pumped storage project at Rs 4,200 cr in Madhya Pradesh

New Delhi: Narmada Hydroelectric Development Corporation Ltd. (NHDC Ltd.) will construct a 525 MW Pumped Storage Project near Indira Sagar Dam, Khandwa in Madhya Pradesh at a cost of Rs 4,200 crores.

IBNSJun 09, 2023
Eurozone falls into recession

Eurozone falls into recession

The Eurozone, which is a 2-nation bloc, fell into recession this winter, data released recently showed.

IBNSJun 09, 2023
RBI keeps repo rate unchanged: Here’s what the banking and finance industry has to say

RBI keeps repo rate unchanged: Here’s what the banking and finance industry has to say

Mumbai: As expected, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), after three days of deliberation, on Thursday kept the repo rate unchanged at 6.5%.

IBNSJun 09, 2023
TransUnion CIBIL appoints V Anantharaman as chairman

TransUnion CIBIL appoints V Anantharaman as chairman

Mumbai: Insights and information company TransUnion CIBIL Thursday announced the appointment of V Anantharaman as non-executive chairman.

IBNSJun 09, 2023
Tata Power Renewable Energy to set up 966MW Round-the-clock (RTC) hybrid renewable power facility for Tata Steel

Tata Power Renewable Energy to set up 966MW Round-the-clock (RTC) hybrid renewable power facility for Tata Steel

Kolkata: Tata Power Renewable Energy Limited will set up 966MW RTC (Round-the-clock) hybrid renewable power for Tata Steel.

IBNSJun 09, 2023

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