Heavy rainfall and storms in Assam lead to four deaths and affect 45 villages. Union Home Minister Amit Shah assures assistance after reviewing the situation. In South Salmara-Mankachar district, a four-year-old dies and two go missing as a boat capsizes in the Brahmaputra River. The India Meteorological Department forecasts more thunderstorms and heavy rainfall in Assam and other northeastern states till April 4.
The Reserve Bank of India (RBI) reported that nearly 97.69% of the Rs 2000 denomination banknotes have returned to the banking system, leaving only Rs 8,202 crore worth of withdrawn notes still with the public. The total value of Rs 2000 banknotes in circulation has declined from Rs 3.56 lakh crore on May 19, 2023, when the withdrawal was announced, to Rs 8,202 crore on March 29, 2024.
During the financial year 2023-24, the Indian Railways achieved a record-high freight loading of 1591 million tonnes (MT), up from 1512 MT in the previous fiscal year. This represents a significant milestone, with the national transporter recording the highest-ever loading in a fiscal, with an incremental loading of 79 MT.
Four people died and 45 villages were affected in Assam due to heavy rainfall and storms on Sunday. Union Home Minister Amit Shah took stock of the damages. Assam's Chief Minister Himanta Biswa Sarma is monitoring the situation and coordinating with officials. The India Meteorological Department forecasted thunderstorms and heavy rainfall in Assam and other northeastern states until April 4. A four-year-old child died and two people were missing after a boat capsized in the Brahmaputra River. Rescue... Читать дальше...
Tata Power Renewable Energy Ltd commissioned a 200 MW solar project in Bikaner, Rajasthan, generating 485 million units of green energy annually and offsetting 3,88,000 tonnes of carbon footprints. TPREL's total renewables capacity is 9,018 MW.
A look at key macro events that can impact the stock markets in April.
India Inc's credit ratings saw more upgrades than downgrades during October-March 2024, despite challenges like rising borrowing costs and supply constraints due to geopolitical issues. Strong domestic consumption and government infrastructure spending contributed to this trend. Sectors like roads, renewables, and hospitality drove upgrades, while export-oriented sectors faced downgrades. The credit ratio stabilized at pre-COVID levels, indicating positive credit quality outlook for fiscal 2025. However... Читать дальше...
With a face value of Rs 10 per share, the Patel Retail IPO is a mix of fresh equity issue of 90.18 lakh and an offer for sale of 10.02 lakh shares by promoters. Fedex Securities is the sole book-running lead manager and Bigshare Services is the registrar.
Vistara announces temporary reduction in flight operations to ensure network connectivity, following significant cancellations and delays due to crew unavailability. The airline expresses concern over customer inconvenience and deploys larger aircraft on select routes to accommodate passengers.
OnePlus has reduced the price of its OnePlus 11 smartphone in India following the launch of the OnePlus 12. The price cut applies to the 8GB RAM and 128GB internal storage variant, bringing its price down to Rs 54,999. The smartphone boasts impressive specifications, including a 6.7-inch Quad HD+ display, a Qualcomm Snapdragon 8 Gen 2 chipset, and a Hasselblad-powered triple camera setup. With a 5000mAh battery and 100W fast charging support, the OnePlus 11 offers a compelling package for smartphone enthusiasts.
Auto parts manufacturer Kross Ltd and Saraswati Saree Depot Ltd have received Sebi's go ahead to raise funds through initial public offerings.
NHAI to calculate new user fee rates annually, post Lok Sabha elections, affecting over 850 user fee plazas. ECI defers toll fee hike linked to wholesale price index inflation.
India's Consumer Houseware market, valued at Rs 34,300 crore in FY23 has sustained a 7.20% CAGR from FY15-23 despite disruptions, according to a Kotak Securities' report
The Dow Jones Industrial Average rose 0.56 points, or 0.00%, at the open to 39,807.93.
The proposed demerger and subsequent listing will enable the companies function as independent growth engines with distinct capital structures and parallel value creation opportunities, the Aditya Birla Group firm said in an exchange filing.
A healthy primary market where deals are continuously being done is the key hallmark of a well-functioning economy, which is aspiring to grow fast.
Lynda Carter, the legendary actress famed for her role as Wonder Woman, has recently addressed the prospect of a third installment in the Wonder Woman film series.
India has reaffirmed its sovereignty over Arunachal Pradesh, dismissing China's claims and asserting that the state has always been and will remain an integral part of the country. External Affairs Minister S Jaishankar emphasized this stance at the Corporate Summit 2024 organized by Indian Chambers of Commerce and Industry and the Southern Gujarat Chamber of Commerce and Industry. He stated that changing names does not alter the reality of Arunachal Pradesh being an Indian state. India's firm stance is in response to recent actions by China... Читать дальше...
Aditya Birla Fashion and Retail Ltd. (ABFRL) announced on Monday its intention to assess the vertical demerger of its Madura Fashion & Lifestyle business from ABFRL into a separate listed company. The decision was made during the Board of Directors meeting, granting authorization to evaluate this strategic move.
Moving Tech Innovations Ltd, a Juspay spin-off, focuses on cost-effective solutions in the ride-hailing industry. Led by Shan M S and Magizhan Selvan, the new entity seeks funding, aims for profitability, and competes with major players like Uber and Ola.
Apple and its supplier network have become India’s leading blue-collar job creator since the start of the production-linked incentive scheme. This and more in today’s ETtech Top 5.
Scientists generally use a donut-shaped reactor called a tokamak in which hydrogen variants are heated to extraordinarily high temperatures to create a plasma. This is called the 'artificial Sun' because it replicates the reaction of fusion taking place there and unleashes a massive amount of heat energy.
Congress leader P Chidambaram has criticized External Affairs Minister S Jaishankar over the Katchatheevu island dispute, accusing him of a change in stance. The dispute, which has led to the detention of Indian fishermen, has been a longstanding issue spanning different administrations. The Modi government has been working towards resolving the issue through dialogue with Sri Lanka.
The Eastern Railway achieved its highest-ever freight revenue of Rs 7,774.62 crore in the financial year 2023-24, marking a significant increase of 19.47% compared to the previous fiscal year. Additionally, the Kolkata-headquartered zonal railway recorded a growth of 8.91% in passenger revenue, amounting to Rs 3,573.31 crore in 2023-24.
Rajnath Singh chaired BJP's election manifesto committee meeting focusing on Viksit Bharat. Piyush Goyal highlighted public trust in PM Modi and outreach efforts. The committee includes Finance Minister Sitharaman, addressing key issues like Article 370 and Ram temple.