NEW DELHI: The French economy, is expected to boost from the Olympic and Paralympic Games, according to the French central bank Banque de France.The central bank forecasts a growth of nearly 0.5 percent in the July-September quarter, with the Games contributing up to 0.25 percentage points to this expansion. The projection aligns with the estimate…
NEW DELHI: The combined market valuation of eight of the top-10 most valued firms eroded by Rs 1,66,954.07 crore last week, with Reliance Industries and Life Insurance Corporation of India emerging as the biggest laggards, in line with weak trend in equities. Last week, the BSE benchmark slumped 1,276.04 points or 1.57 per cent. The…
NEW DELHI: India’s coal import rose by 5.7 per cent to 75.26 million tonnes (MT) in the first quarter of the current fiscal compared to 71.16 MT of coal in the same period of the previous fiscal. Coal imports in June were also higher by 6.59 per cent at 22.97 MT compared to 21.55 MT…
NEW DELHI: Reliance Industries Ltd, India’s most valuable company, plans to commission its first solar giga-factory in the current fiscal as it pivots a green pathway to achieve net zero carbon emissions from operations by 2035. In its largest annual report, the firm said it is targeting to commission the first train of 20GW solar…
NEW DELHI: The Adani Group on Sunday vehemently denied the latest allegations made by US-based short seller Hindenburg Research. The group characterized the allegations as “red herrings thrown by a desperate entity with total contempt for Indian laws.”The new Hindenburg report claimed that Sebi chairperson Madhabi Buch and her husband had stakes in offshore entities…
NEW DELHI: Italian super luxury automaker Automobili Lamborghini expects exponential growth in India with the potential to become a top market in the Asia Pacific region in the long-term, driven by customers who are the youngest globally, according to a senior company official. With the company selling a record 103 units in India in 2023,…
NEW DELHI: Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and her husband Dhaval Buch have refuted the allegations made against them by Hindenburg Research, a US-based short-seller, in its recent report. The statement was released shortly after Hindenburg Research claimed that the couple had stakes in “both the obscure offshore entities…
NEW DELHI: Bharat Sanchar Nigam Ltd (BSNL) is set to introduce a 4G and 5G compatible over-the-air (OTA) and Universal SIM (USIM) platform. This platform developed in collaboration with Pyro Holdings will allow subscribers to select their mobile numbers and replace SIMs without any geographical limitations. The state run telco said that it was launched…
MUMBAI: Nearly a third of the health insurance claims recorded by insurers are due to seasonal infectious diseases. These include vector-borne diseases such as dengue and malaria, which give rise to high claims in July and August, or water-borne infections such as gastroenteritis. In winter, it is usually bronchitis or influenza.As many of these claims…
NEW DELHI: Govt on Friday introduced a bill to amend banking laws, which includes changes to nomination facility to make it more consumer-friendly, but left the floor on its holding unchanged to ensure that the Centre retains majority stake in public sector banks, indicating that stake sale in state-run banks will not be pushed.Govt had…
