[ad_1] Coal (Picture credit: Lexica AI) NEW DELHI: India’s coal imports increased by 2 per cent to 182.02 million tonnes (MT) during the April-November period of this financial year, compared to 178.17 MT in the corresponding period last year, as per the data from mjunction Services Ltd.However, imports for November dropped to 19.57 MT, down…
[ad_1] NEW DELHI: The Supreme Court on Friday stayed Goods and Services Tax (GST) proceedings against 49 online gaming companies over retrospective demand notices issued to them, a decision that pushed up the share price of some of the listed entities.A bench of Justices J B Pardiwala and R Mahadevan passed the interim order, while…
[ad_1] BENGALURU: Cognizant increased the India retirement age to 60 years from the existing 58. In an internal memo shared with employees, the firm informed them that this policy would be applicable to all associates in India. “This change aligns with common market practice and our commitment to attract and retain experienced talent,” the communication…
[ad_1] NEW DELHI: The country’s industrial output growth rose at its fastest pace in six months in November, led by manufacturing and a statistical base effect while capital goods and consumer durables, infrastructure and construction goods added strength to the numbers.Data released by the National Statistical Office (NSO) on Friday showed the index of industrial…
[ad_1] MUMBAI: Artificial intelligence, which is rapidly gaining stride in India and making its way into every other sector, has also become a hot bet for venture capital funds.These funds are allocating a higher share of investment dollars for AI startups. The usage of AI as a tech tool is not new but why it…
[ad_1] MUMBAI: The rupee sank closer to the 86 level, recording its tenth consecutive week of decline against the dollar. The local currency closed at 85.97 against the greenback, down 12 paise from Thursdays’ close of 85.85. The rupee is likely to breach 86 levels on Monday with the dollar index surging sharply late evening…
[ad_1] NEW DELHI: Laxmi Dental has raised Rs 314 crore through anchor investors prior to its public share offering. The anchor round participants included prominent names such as Aditya Birla Sun Life MF, ICICI Prudential MF, HDFC MF, Kotak MF, Mirae Asset MF, Tata MF, Birla Sunlife Insurance, Max Life Insurance, Abu Dhabi Investment Authority,…
[ad_1] AMARAVATI: Indichip Semiconductors Ltd along with its joint venture partner Yitoa Micro Technology (YMTL) from Japan, on Saturday inked an agreement with the Andhra Pradesh government to establish India’s first private semiconductor manufacturing facility with an investment of Rs 14,000 crore. This cutting-edge facility will focus on manufacturing Silicon Carbide (SiC) chips, contributing to…
[ad_1] NEW DELHI: Anand Mahindra, the chairman of the Mahindra Group, has joined the debate on the ideal workweek, following remarks from L&T Chairman SN Subrahmanyan that sparked widespread online outrage. Speaking at the National Youth Festival in New Delhi on Saturday, Mahindra said that the real issue is not the number of hours worked,…
[ad_1] NEW DELHI: India logged a record high renewable energy capacity addition of about 30 GW in 2024, more than 113 per cent higher than 13.75 GW recorded in 2023, according to the Ministry of New & Renewable Energy data. This assumes significance in view of India’s ambitious plan to have 500 GW of renewable…
