Forex reserves zoom to record high of $612.73 billion
NEW DELHI: The country’s foreign exchange reserves rose by USD 835 million to touch a record high of USD 612.73 billion in the week ended July 16, 2021, RBI data showed. In the previous week ended July 9, 2021, the reserves had surged by USD 1.883 billion to USD 611.895 billion. In the reporting week […]
India:Nearly 12,900 companies struck off in 2020-21
NEW DELHI: As many as 12,889 companies were struck off from official records in the financial year ended March 2021 and 87 companies dissolved during the same period, according to official data. As per the data provided by the corporate affairs ministry to Rajya Sabha on Tuesday, a total of 2,38,223 companies were struck off […]
JLR drives in new Land Rover Discovery in India tagged Rs 88.06 lakh onwards
NEW DELHI: Jaguar Land Rover (JLR) on Wednesday said it has launched updated version of Land Rover Discovery in the country with price starting at Rs 88.06 lakh (ex-showroom). The model comes with the latest generation of petrol and diesel engines, advanced infotainment system and superior comfort and practicality with seven seat configuration. “The new […]
NTPC to set up India’s single largest solar park at Rann of Kutch
NEW DELHI: NTPC Renewable Energy Ltd , a 100% subsidiary of NTPC, has received the go-ahead from Ministry of New and Renewable Energy (MNRE) to set up 4750 MW renewable energy park at Rann of Kutch in Khavada, Gujarat. This will be India’s largest solar park to be built by the largest power producer of […]
India can become $15 trillion economy in 2 decades: Gautam Adani
NEW DELHI: Gautam Adani has said that India can become a $15 trillion economy in the next two decades and emerge to be among the largest global markets, Adani Chairman said in Annual General Meeting (AGM) meet. Addressing the AGM of Adani Group, he noted that although there will be bumps along the road, the […]
Joe Biden nominates Los Angeles Mayor Eric Garcetti as his envoy to India
WASHINGTON: US President Joe Biden on Friday nominated Los Angeles Mayor Eric Garcetti as his ambassador to India. If confirmed by the Senate, Garcetti, 50, would replace Kenneth Juster, who served as India’s Ambassador to the US during the Trump administration. Early this week, Juster was appointed as distinguished fellow at the Council on Foreign […]
We expect vaccinated Indians to be treated at par with those in European Union: India
NEW DELHI: India on Friday said it expects that its CoWIN vaccination certificate would be recognised by the European Union on a reciprocal basis for travel and it is in touch with member states of the bloc over this issue. Ministry of External Affairs Spokesperson Arindam Bagchi said the European Union has now instituted what […]
India:Monsoon session of Parliament likely from July 19
NEW DELHI: The Monsoon session of Parliament is likely to commence from July 19 and conclude on August 13, sources said on Tuesday. The session is likely to have around 20 sittings, they said. The Monsoon session usually commences in the third week of July and concludes ahead of Independence day. A recommendation about the […]
India gets Asia’s longest and world’s fifth longest High Speed Track for automobiles
NEW DELHI:India’s Heavy Industries and Public Enterprises Minister Prakash Javadekar today inaugurated NATRAX- the High Speed Track(HST) in Indore which is the longest such track in Asia. NATRAX, developed in an area of 1000 acres of land , is a one stop solution for all sorts of high speed performance tests for widest categories of […]
Economic revival:India raises ECLGS scheme limit to Rs 4.5 trillion
NEW DELHI: To help revival of the economy battered by COVID-19,India’s Finance Minister Nirmala Sitharaman on Monday announced a slew of measures, including Rs 1.1 lakh crore (Rs 1.1 trillion) credit guarantee scheme for improving health infrastructure, and enhancing the limit under the ECLGS by 50 per cent to Rs 4.5 lakh crore for the […]
Renewable energy sector in India gets $70 billion investment in 7 years
NEW DELHI: India’s Power Minister R K Singh has said that as much as USD 70 billion (about Rs 5.2 lakh crore) has been invested in renewable energy across the country in the past seven years. This assumes significance in view of India’s ambitious target of having 175 gigawatts (GW) of renewable energy by 2022. […]
S&P cuts India’s FY22 growth forecast to 9.5 per cent
NEW DELHI:S&P Global Ratings on Thursday cut India’s growth forecast for the current fiscal to 9.5 per cent, from 11 per cent earlier, and warned of risk to the outlook from further waves of COVID pandemic. The agency lowered the growth outlook saying that a severe second COVID-19 outbreak in April and May led to […]
India’s second Covid-19 wave to impact infrastructure sectors, says Moody’s
NEW DELHI: India’s second coronavirus wave will affect its infrastructure sectors to varying degrees with power companies and ports better able to weather the impact of pandemic-induced disruptions compared with airports and toll roads, according to a new report by Moody’s Investors Service. Any further regional lockdowns will increase uncertainty over India’s economic recovery, said […]
India, Fiji sign MoU for cooperation in the field of agriculture and allied sectors
NEW DELHI: India’s Agriculture & Farmers Welfare Minister Narendra Singh Tomar and Fiji’s Minister of Agriculture, Waterways & Environment, Dr. Mahendra Reddy signed a Memorandum of Understanding (MoU) for cooperation in the field of Agriculture and allied sectors between India and Fiji in a virtual meeting held today. On this occasion, Tomar said that India […]
Mehul Choksi denied bail by Dominica High Court
NEW DELHI: The Dominica High Court has denied bail to fugitive diamantaire Mehul Choksi in the case of illegal entry into the island country after his mysterious disappearance from neighbouring Antigua and Barbuda where he is staying as a citizen since 2018, local Caribbean media reported. The high court on Friday (local time) gave the […]
Forex reserves cross USD 600 billion mark for first time
NEW DELHI: India’s foreign exchange reserves crossed the USD 600 billion mark for the first time after increasing by USD 6.842 billion in the week ended June 4, RBI data showed on Friday. The reserves surged to a record USD 605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA), […]