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G20: Mizoram's capital Aizawl to host the second B20 event from 1-3 March 2023

New Delhi/IBNS: The second of the four scheduled B20 India events in the Northeast will take place in Aizawl between March 1 and 3, 2023, the Ministry of Commerce & Industry said on Tuesday.

Apple’s suppliers in China hurry to move out manufacturing capacity; India among top choices apart from Vietnam

Apple’s Chinese suppliers may move their capacity out of the country at a quicker rate than expected, to avoid the negative consequences of increasing tensions between Beijing and Washington, according to one of Apple's top partners, Bloomberg reported.

NTPC transfers 15 renewable energy assets to its subsidiary

Mumbai/IBNS: Under the aegis of the Centre's National Monetization Pipeline, state-owned power utility major NTPC Ltd completed the transfer of 15 renewable energy assets to NTPC Green Energy Ltd.

SBI completes $1 billion through syndicated social loan

India’s largest lender State Bank of India (SBI) Tuesday said it has completed a $1 billion Syndicated Social Loan Facility.

Softbank plans to sell shares worth Rs 600 cr in Delhivery via block deal on Wednesday: Report

Mumbai: Japan’s Softbank Group is planning to offload approximately Rs 600 crore worth of shares in Delhivery through block deals on Wednesday, media reports said.

Make India a global petrochemical leader: Industry experts urge govt, discuss ideas and strategies

New Delhi: Former NITI Ayog CEO Parameswaran Iyer on Tuesday stressed the importance of sustainable technologies in the petrochemical industry, and suggested that if required the existing policies should be reviewed to promote investments in this sector.

India’s GDP growth decelerates to 4.4 pc in Q3FY23, services sector continues robust revival

New Delhi: India's real gross domestic product (GDP) for the October-December quarter (Q3) of the current fiscal year decreased to 4.4%, compared to 6.3% in the previous quarter, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) showed on Tuesday.

Citreon launches new E-C3 all-electric car

Kolkata/New Delhi: Carmaker Citroën India has launched the much-awaited New Citroën Ë-C3 All-Electric at a special introductory price of Rs. 11,50,000 (ex-showroom Delhi).

Essar launches EET to invest US$3.6 billion in energy transition in UK and India

London/IBNS: Essar Group, invested in Energy, Metals and Mining, Infrastructure and Technology sectors, on Monday announced the formation of Essar Energy Transition (“EET”) to drive the creation of the UK’s leading energy transition hub in North West England.

Despite turmoil, Adani gets boost from S&P rating

Mumbai/IBNS: American Credit Rating Agency S&P Global has affirmed its rating on trouble-laden Adani Group with a stable outlook, media reports said.

Airtel surpasses 10 million unique customers on its 5G network

New Delhi/UNI: Bharti Airtel (Airtel), India’s leading telecommunications services provider, on Monday announced that it has crossed the 10 million unique 5G user mark on its network.

Twitter fires at least another 200 employees: Reports

Washington/UNI: Twitter has laid off at least another 200 employees on Saturday evening, The New York Times reported citing sources familiar with the matter.

Twitter once again fires 50 more employees as cost-cutting continues: Reports

Washington: Twitter has fired another 50 employees in the eighth round of job cuts since Elon Musk bought the microblogging firm for $44 billion in October, The Information reported, citing sources.

India will continue to be world’s fastest growing economy for many decades: Piyush Goyal

Pune/UNI: The Indian economy will be closer to the 35-40 trillion-dollar mark by 2047 given the current pace of development, Union minister Piyush Goyal said on Saturday.

Ola likely to launch IPO in 2024

Mumbai/IBNS: Cab aggregator Ola has put a hold on its IPO owing to the turbulent market situation, Ola Cabs Co-Founder and CEO said on Saturday, adding that the company is planning to announce it the next year.

'India's future vehicles will run on hydrogen and green fuels': Nitin Gadkari

Mumbai/IBNS: Hydrogen is our future fuel and India’s future vehicles will run on hydrogen and green fuels, Union Minister Nitin Gadkari said on Saturday.

SpiceJet Q3FY23: Net profit soars 161% y-o-y to Rs 110 cr

Mumbai: SpiceJet Ltd Friday reported a significant increase in its consolidated net profit for the quarter ended December 2022, with a 161% rise to Rs 110 crore.

West Bengal: Gadkari approves Rs 410.83 Cr for 5.261 km 4-lane Raniganj Bypass on NH14 on EPC Mode

New Delhi/IBNS: Union Minister Nitin Gadkari Friday approved Rs 410.83 crore for the construction of a 4-lane Raniganj Bypass with a length of 5.261 km on NH-14 (old NH-60) in Paschim Bardhaman district on EPC (Engineering, Procurement and Construction) Mode in West Bengal.

Air India plans to recruit over 4200 cabin crew and 900 pilots by 2023

Mumbai/IBNS: Air India is planning to hire more than 4,200 cabin crew and 900 pilots in 2023, as the airline increases its fleet size and expands its domestic and international services, media reports said.

Telecom equipment maker Ericsson to cut 8,500 jobs: Report

Ericsson, a manufacturer of telecommunications equipment, is set to reduce its expenses by terminating 8,500 employees worldwide, according to a memo seen by Reuters.

Gadkari approves 32km 6-lane highway in Andhra Pradesh for Rs 1292.65 cr under Bharatmala Pariyojana

New Delhi/IBNS: Union Minister Nitin Gadkari Friday announced that he has approved Rs 1292.65 crore for the development of a 32 km long 6-lane Access Controlled Greenfield Highway from Chandrasekharapuram to Polavaram on (NH-544G) Bengaluru–Vijayawada Economic Corridor.

18.05 LMT wheat sold in open market in three e-auctions

New Delhi/IBNS: Food Corporation of India (FCI) has sold 18.05 lakh MT wheat in the open market in a bid to cool down sharply rising prices of wheat and flour, the Food Ministry said Friday.

India’s Apr 2022 -Jan 2023 coal prodn jumps 16% y-o-y to 698.25 MT

New Delhi/IBNS: India’s coal production from April 2022 to January 2023 grew more than 16 percent with a production of 698.25 MT as compared to 601.97 MT in the same period the previous year, according to the Ministry of Coal.

KFintech to invest in FPSIPL to enter Account Aggregator business

Mumbai/IBNS: KFin Technologies Ltd Friday said it will invest in Fintech Products and Solutions India Private Limited (FPSIPL), a Technology Service Provider (TSP), a statement said.

NSE Indices launches India’s first Municipal Bond Index

Mumbai/IBNS: NSE’s index services subsidiary, NSE Indices Limited Friday launched India’s first-ever Municipal Bond Index, Nifty India Municipal Bond Index at a SEBI workshop on Municipal Debt Securities at Bengaluru, a statement said.

HDFC Life launches Guaranteed Income Insurance Plan

New Delhi: Life insurer HDFC Life has launched HDFC Life Guaranteed Income Insurance Plan.

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Sensex recovers by over 100 points

Mumbai/UNI: The BSE Sensex on Friday recovered 152.15 points at 59,757.95: in opening trade following gains in FMCG, Health Care, IT and Industrials stocks.

NSE receives final approval to launch Social Stock Exchange (SSE) as a separate segment

Mumbai/IBNS: The National Stock Exchange of India (NSE) received final approval from the Securities and Exchange Board of India (SEBI) on Tuesday (Feb 22) to set up a Social Stock Exchange (SSE) as a separate segment of the NSE, according to a social statement.

Volvo Car India announces price hike on Petrol Mild-Hybrid models

Kolkata/IBNS: Volvo Car India has increased the ex-showroom prices of its petrol mild-hybrid models with immediate effect, the company said in a statement.