Economy

New Delhi: The Government of India has been honoured with the prestigious Prince Michael Decade of Action Road Safety Award for its efforts in enhancing vehicle safety standards over the past ten years. The recognition acknowledges key advancements, such as the introduction of a new car safety assessment programme and the mandate for anti-lock braking

Kottayam: Finance Minister Nirmala Sitharaman has highlighted the rapid pace of innovation in India and the country’s leadership position in the adoption of artificial intelligence (AI). In her address at the convocation ceremony of IIIT Kottayam, she pointed out Microsoft CEO Satya Nadella’s comment that India is the ‘use case capital of AI,’ is a

New Delhi: Tata Consultancy Services (TCS) suffered the biggest loss in market capitalisation as the combined valuation of eight of India’s ten most valuable companies fell by Rs 1,65,784.9 crore last week, aligning with the bearish trends in equities. The BSE benchmark index dropped by 628.15 points, or 0.82 per cent, while the Nifty fell

Seoul: The South Korean central bank is widely expected to significantly lower its growth forecast for Asia’s fourth-largest economy to 1.6 percent due to slower-than-anticipated recovery in domestic demand and sluggish export growth, experts said on Sunday. According to a survey conducted by Yonhap News Agency, seven local analysts and economists predicted that the Bank

New Delhi: Veteran bureaucrat Shaktikanta Das, who was appointed a primary aide to Prime Minister Narendra Modi, has the distinction of steering India’s central bank through the Covid-19 crisis and its aftermath. Das, an IAS officer of the Tamil Nadu cadre’s 1980 batch, also has been involved in the Narendra Modi government’s economic and diplomatic

Mumbai: The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 10 lakh on Axis Securities for violating stockbroker rules and other regulatory norms. The brokerage firm has been directed to pay the fine within 45 days, as per an order issued by the regulator. The SEBI’s 82-page order highlights multiple

Itanagar:  A total of 35 small hydropower projects in Arunachal Pradesh would generate 570.75 MW of power and bring in an estimated investment of Rs 7,000 crore in the state, an official said on Saturday. Arunachal Pradesh’s Commissioner, Hydropower, Sonam Chombay also said that these 35 small hydropower projects would also generate employment for 7,500

New Delhi: At least 22 Indian startups raised more than $184 million in funding this week, which included 10 growth-stage deals and 12 early-stage rounds. Early-stage startups also attracted investor interest with raising a total of $33.4 million. Growth-stage deals saw notable investments. Wealth advisory firm Waterfield Advisory raised $18 million in a new round

New Delhi: The newly commissioned Dipka Megaproject of South Eastern Coalfields Ltd (SECL) in Chhattisgarh has successfully commenced operations for new silos towards eco-friendly coal evacuation under the First Mile Connectivity (FMC) initiative, the government said on Saturday. The Dipka Megaproject commenced new operations by loading the first coal rake from its newly-built Rapid Loading

New Delhi: Petroleum prices in India are among the lowest in the world, said Union Petroleum Minister Hardeep Singh Puri. Addressing a press conference in Vijaywada, Andhra Pradesh, he said that fuel prices in the country have reduced both in absolute terms and in real terms over the years. Speaking about the global oil supply,