Awards Financial News

foreign portfolio investors (FPIs) in the Indian stock markets, Sriram Krishnan, Chief Business Officer of the National Stock Exchange (NSE), expressed confidence in the resilience of India's growth story.

Power Finance Corporation Ltd has decided against extending a loan to Shapoorji Pallonji Group, a top official said, throwing into doubt the infrastructure conglomerate’s plans to refinance debt worth around 200 billion rupees ($2.4 billion).

Finance Minister announced the establishment of E-Commerce Export Hubs (ECEHs) in this year’s budget to enhance merchandise exports through cross-border e-commerce. This initiative was introduced in response to the various challenges faced by Indian MSMEs, including intense competition from other Asian nations such as China and Japan, disruptions caused by the Russia-Ukraine conflict, and other macroeconomic issues. In addition to geopolitical challenges, the fragmented and predominantly B2B-focused Indian regulations that govern e-commerce exports today, impose significant compliance burden on the small businesses. To address these challenges, the proposed ECEH model aims to consolidate various stakeholders within a unified regulatory and logistical framework to streamline and facilitate e-commerce exports.

Indian Cricket Team under the leadership of MS Dhoni.

Airtel has risen to 29.44% while that of the Mittal family has dipped to 23.7% after the telco's main controlling company, Bharti Telecom (BTL), recently strengthened its shareholding in India's second-largest telco.

forex transactions and include foreign exchange spot deals to ensure completeness of transaction data in the trade repository (TR) of the Clearing Corporation of India. Currently, authorised dealers report all over-the-counter (OTC) foreign exchange derivative contracts and foreign currency interest rate derivative contracts undertaken by them directly or through their overseas entities to the TR of Clearing Corporation of India Limited (CCIL).

Adani Energy Solutions Ltd (AESL) on Friday said it has incorporated a wholly-owned subsidiary in Kenya to explore new avenues in power transmission projects in the African country. The subsidiary, Progressive Grid Networks Ltd has «initial share Capital of KES (Kenyan Shillings) 10,00,00,000 divided into 1,00,000 ordinary shares with a nominal value of KES 1,000 each,» a regulatory filing said.

Ola Electric, on Friday announced its ambitious plans to launch 20 new products across various two- and three-wheeler categories over the next two years, with at least one new release per quarter.

Adani Power has further reduced electricity supply to neighbouring Bangladesh as it seeks to recover more than $800 million in dues, according to data from Bangladesh's grid operator and two sources familiar with the move.

Sony Playstation 5 Pro, the company's latest gaming console, will not be released in India because of compatibility issues with the 6GHz spectrum band, the company said.

GDP) estimates, moving the release time to 4:00 PM IST.

Bankruptcy Board of India (IBBI) has proposed the transfer of the ownership of a plot or flat to buyers who owe no dues and are already in possession of the property during the bankruptcy resolution of the stressed real estate firm, subject to the approval of the committee of creditors (CoC).

Bankruptcy Board of India (IBBI) has proposed the transfer of the ownership of a plot or apartment to buyers who owe no dues and are already in possession of them during the bankruptcy resolution of the stressed real estate firm, subject to the approval of the committee of creditors (CoC).

property.

India, Orissa Metaliks, and Mamco Mining have bagged these blocks.