Country Financial News

₹8,200 crore). Sources said that the proposal was submitted to the commerce and industry ministry which was circulated for necessary scrutiny and approval from the ministry of heavy industries, the ministry of external affairs and the home ministry. It was discussed and decided not to approve the proposal, they said.

wrestling fraternity's wrath for accepting exemption from the Asian Games trials, Vinesh Phogat and Bajrang Punia on Monday said they are hurt that young wresters dragged them to the court but are at the same time delighted to see the junior grapplers starting to fight for their rights. The IOA ad-hoc panel conducted trials in all 18 categories for the Hangzhou Games but decided to give direct entries to Bajrang (65kg) and Vinesh (53kg), triggering angry reactions from many in the wrestling fraternity. Junior wresters Antim Panghal and Sujeet Kalkal approached the Delhi High Court, appealing that the exemption be set aside but their petition was dismissed.

Reliance Jio is scaling up the distribution of the Jio Bharat phone after finding success in its initial run which further reduces the chances of a headline tariff hike, analysts said. They added that Jio's sharp focus on subscriber adds will continue to help it gain a wider user base but will further challenge average revenue per user (ARPU) growth in the absence of hikes.

Adani Wilmar, GRM Overseas, and Tirupati Agritrade said prices of kitchen essentials like non-basmati rice, wheat, and pulses are likely to stay steady in the next two months. Prices of non-basmati have fallen 8% after the government announced a ban on its exports last Thursday to curb inflation.

Bandhan Financial Holdings (BFHL) has entered into an agreement to acquire the entire stake of Aegon and Bennett, Coleman & Co. Ltd (BCCL) in Aegon Life Insurance. The insurance buyout will allow Kolkata-based Bandhan, which began as a microfinance company, to expand its remit beyond banking and asset management.

«The fundamental insight at the heart of our business is that Indian customers love fast delivery. This is remarkably clear in customer retention data, survey data and even in regular conversations that we have with our customers,» said Aadit Palicha, co-founder at quick commerce platform Zepto.

Delhi's Khan Market — the country's most expensive retail real estate — have breached the pre-pandemic levels for the first time to hit a record high of Rs 1,500 per square feet per month. This is almost double than the costliest retail location of Mumbai and about four times that of Bengaluru, industry executives said.

NEW DELHI : India’s ambition to accelerate its green hydrogen mission faces challenges as the targets have not translated into actual demand, and the adoption of a gradual mandate for the use of green hydrogen may not help the country achieve the goal of 5 million tonnes (mt) capacity by 2030, said Sumant Sinha, the founder, chairman, and chief executive officer (CEO) of ReNew. “The size of the opportunity in green hydrogen is almost limitless in a way based on just what governments have stated as being their plans. But a lot of that has to translate from government targets to actual demand, and that has not happened so far," Sinha said in an interview at the Energy Transition Working Group Meeting and the Clean Energy Ministerial under India’s G20 presidency in Goa.

The Economic Times reported over the weekend that India has rejected Chinese automaker BYD's (OTC:BYDDY) proposal to set up a $1 billion factory in the country through a partnership with Hyderabad-based Megha Engineering and Infrastructure Ltd.

New Delhi: While Indian business leaders recently met the president of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso, they are yet to make concrete investment commitment with the multilateral development bank that funnels investments to build market economies, two people with direct knowledge of the matter said. “They are on wait and watch mode on investment opportunities," one of the two people cited above said. Basso, who assumed office as the first woman to chief of the EBRD on 19 July, met with Indian business leaders in New Delhi, to discuss investment opportunities in the countries where the bank operates.

The city gas sector accounted for just 9% of the country's consumption of imported gas during the April-June period, down from 17% a year earlier. Their consumption of domestic gas rose 31% in a year to 2,490 million metric standard cubic meter (mmscm) while their use of imported gas fell to 703 mmscm. Higher domestic gas consumption by city gas distributors meant lower availability of local supplies for the fertiliser sector.

NSA Ajit Doval on Monday participated in the 'Friends of BRICS' meeting in Johannesburg on the sidelines of the Brics NSA meet and called for collective efforts to deal with cyber risks involving terrorists and radicals. At the meeting, the issue of cybersecurity was discussed at length, ET has learnt. In addition to Brics, the following 'Friends of Brics' countries participated — Belarus, Burundi, Iran, UAE, Saudi Arabia, Egypt, Kazakhstan and Cuba.

banks to keep vigil and inform their customers of fraud in Mudra loans. The directive follows multiple instances of frauds related to Mudra loans which have come to light. There have been reports of several unsuspecting small loan seekers getting duped by fraudsters impersonating as facilitators of Mudra loans.

A newly filed lawsuit has alleged that the FTX Foundation planned to use the island nation of Nauru as a safe refuge for effective altruists for “some event where 50% - 99.99% of people die.”

Ajit Doval participated in the 'Friends of BRICS' meeting in Johannesburg in South Africa on Monday. Apart from BRICS, the following Friends of BRICS countries — Belarus, Burundi, Iran, UAE, Saudi Arabia, Egypt, Kazakhstan and Cuba — also participated in the meeting.

China, with Russia in tow, found themselves endorsing a document that embraces the Indo-Pacific as a viable regional construct. This goes against the grain of Chinese opposition to Quad.

Tata Motors is working on a master app that will provide information on the location and availability of electric vehicle (EV) charging stations to its customers, in a bid to accelerate EV adoption and ease the range anxiety of users. The company that dominates the local market for electric vehicles – it had a 71% share in the April-June quarter – is likely to launch the app this fiscal year. With a sizeable customer base in place, the company has begun collating information and is doubling down on its efforts to secure visibility on the charging ecosystem for EV owners, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility managing director Shailesh Chandra told ET.

A large wildfire burning on the Greek island of Rhodes for a fifth day has forced authorities to order an evacuation of four locations including two seaside resorts

Functionality is a key feature. Being seen with an Apple iPhone 14 Pro Max costing ₹1.9 lakh also provides features considered 'worth the value'. But a product's 'luxury quotient' alone can be enough for an increasing number of consumers.

Trinamool Congress in West Bengal will move a resolution in the West Bengal Legislative Assembly condemning the incidents in Manipur since the last few months. “We will bring a resolution in the state assembly on the Manipur issue in the current session. Along with the entire country, we are deeply anguished by the condition of the women in Manipur.

New Delhi: The consumption of petr-oleum products in India during April-June rose 4.9% to 58.8 million metric tonne. During the same period of the last financial year, consumption of petroleum products stood at 55.4 MMT. Data from Petroleum Planning and Analysis Cell (PPAC) showed that the growth was led by a 13.4% growth in jet fuel consumption, followed by 8.1% in diesel and 6.8% in petrol.