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Business

Domestic financial markets remained orderly in 2022-23, says RBI annual report

Reading Time: < 1 minute New Delhi, May 30 (IANS) Reserve Bank of India (RBI) has said that in 2022-23 the domestic financial market movements remained orderly, notwithstanding persisting impact of global spillovers during the year. “Relentless strengthening of the US dollar and aggressive tightening of monetary policy by the US Fed impacted portfolio flows, as in other emerging markets […]

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Business Technology

Electric-2 wheeler that charges within 12 minutes arrives in India

Reading Time: < 1 minute New Delhi, May 30 (IANS) Battery tech startup Log9 Materials on Tuesday announced the launch of India’s fastest-charging two-wheeler commercial electric vehicle (CEV) in partnership with Hyderabad-headquartered EV firm Quantum Energy. The two companies jointly unveiled a new vehicle model called ‘Bzinesslite InstaCharged by Log9’ which is powered by Log9’s RapidX 2000 batteries, enabling it […]

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Business

Despite challenges to domestic economic activity, India to remain in advantageous position in 2023-24: RBI

Reading Time: 2 minutes New Delhi, May 30 (IANS) Reserve Bank of India (RBI) has said that domestic economic activity does face challenges from an uninspiring global outlook going forward, but resilient domestic macroeconomic and financial conditions, expected dividends from past reforms and new growth opportunities from global geo-economic shifts place India at an advantageous position in the current […]

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Business Technology

1 Indian firm receiving 5 spear-phishing emails per day: Report

Reading Time: 2 minutes New Delhi, May 30 (IANS) One Indian organisation receives five highly-personalised spear-phishing emails per day and users at companies with more than a 50 per cent remote workforce are witnessing higher levels of suspicious emails, a report has revealed. India has the highest number of suspicious emails per day and 53 per cent of Indian […]

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Business Sports Technology

JioCinema breaks world record with over 3.2 cr viewers during IPL final

Reading Time: < 1 minute New Delhi, May 30 (IANS) JioCinema, the official digital streaming partner of IPL (Indian Premier League) 2023, has broken the world record for the most concurrent views to a live-streamed event on Monday as over 3.2 crore viewers witnessed the finale of this year IPL, featuring Chennai Super Kings versus Gujarat Titans. During Qualifier 2 […]

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Business Politics

UP govt holds training programme for ‘Udyami Mitras’

Reading Time: < 1 minute Lucknow, May 30 (IANS) The Uttar Pradesh government has launched a 14-day basic orientation programme for ‘Udyami Mitras’ (friends of entrepreneurs) selected under the Mukhymantri Udyami Mitra Yojana. Arvind Kumar, advisor to the chief minister, and CEO, Invest UP, Abhishek Prakash, said that in all, 26 training sessions will be conducted during the orientation programme. […]

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Business

Government to waive of ISTS charges on off-shore wind projects

Reading Time: < 1 minute New Delhi, May 29 (IANS) In a major decision, the government has decided to grant waiver of inter-state transmission (ISTS) charges to off-shore wind projects and extend the waiver to green hydrogen or green ammonia, an official statement said on Monday. This decision has been taken to facilitate wider execution of offshore wind energy initiatives, […]

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Business Politics Top Story

Urban unemployment fell to 6.8% in January-March period of 2022-23: Govt survey

Reading Time: < 1 minute New Delhi, May 29 (IANS) India’s urban unemployment rate fell to 6.8 per cent during the January-March period of 2022-23 from 7.2 per cent in the corresponding period of last year, according to data released by the Ministry of Statistics and Programme Implementation on Monday. At this rate, the unemployment rate in Indian cities is […]

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Business

ONGC plans to invest up to Rs 1L cr to scale up green energy capacity

Reading Time: < 1 minute New Delhi, May 29 (IANS) State-run explorer ONGC plans to invest Rs 1 lakh crore to scale up its renewable energy capacity to 10 gigawatts (GW) by 2030. It was 189 megawatts in 2022-23, company’s chairman Arun Kumar Singh told reporters in a virtual press conference on Monday. ONGC’s ambitious plan is in line with […]

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Business Top Story

ONGC targets capital expenditure of Rs 30,125cr in current fiscal

Reading Time: < 1 minute New Delhi, May 29 (IANS) ONGC has targetted a lower capital expenditure of Rs 30,125 crore in the current fiscal as against the corresponding year, the company’s chairman Arun Kumar Singh told reporters in a virtual press conference. The capital expenditure will be mainly sourced from internal accruals. In 2022-23, the capital expenditure was Rs […]