EconomyWPI inflation slows to 2.31 per cent in Jan as food prices ease
New Delhi: The country’s annual rate of inflation based on the all-India Wholesale Price Index (WPI) slowed to 2.31 per cent in January this year compared to 2.37 per cent for the previous month of December, according to data released by the Commerce and Industry Ministry on Friday. The month-over-month change in WPI for January
EconomyPaytm Money pays Rs 45.5 lakh fine to SEBI over regulatory lapses
Mumbai: The Securities and Exchange Board of India (SEBI) on Thursday passed a settlement order against Paytm Money after the company paid Rs 45.5 lakh to resolve allegations of regulatory violations. The settlement order allows the financial services firm to avoid further legal proceedings related to the issue. The case originated from a show-cause notice
EconomyHiring in India grows 9 pc in last 3 months, green jobs surge: Report
Bengaluru: India’s job market is experiencing robust growth, with white-collar hiring surging 9 per cent in the last three months, according to a report on Thursday. The report by foundit (formerly Monster APAC & ME), a jobs and talent platform, showed that green jobs — those that contribute to preserve or restore the environment —
EconomyPrivate investments’ deal activity hits $60 billion across 1,595 deals in India
Mumbai: India’s private investments’ deal activity scaled to new heights last year with $60 billion invested across 1,595 deals, according to a report on Thursday. Sustained growth stage investments momentum at $10 billion with record high volume, adding 150+ growth deals since 2023. The share of growth-focused fundraising has increased to highest 5-year share of
EconomyBoeing supply chain in India exporting Rs 10,000 cr worth plane parts every year
Bengaluru: Boeing’s supply chain in India is exporting an impressive Rs 10,000 crore worth of aerospace components every year, making the US plane maker the largest foreign manufacturer in the country, Boeing India President Salil Gupte has said. He dismissed the idea that high-tech aviation manufacturing was not happening in India. “That may have been
EconomyIndian stock market opens higher, Nifty above 23,120
Mumbai: The Indian benchmark indices opened higher on Thursday amid mixed global clues as buying was seen in the PSU bank and financial service sectors. At around 9.45 am, the Sensex was trading 244.25 points or 0.32 per cent up at 76,415.33 while the Nifty climbed 79.25 points or 0.34 per cent at 23,124.50. On
EconomySonu Sood lauds Gautam Adani’s pioneering initiative to boost skill development in India
Mumbai: Actor Sonu Sood applauded Gautam Adani’s skill development programme, terming it a ‘great initiative’. Taking to his X account on Wednesday, Sonu Sood wrote: “Great initiative by @gautam_adani. Many at the grassroots lack access to quality education and skill development. This effort empowers them to rise above their circumstances and build a better future.
EconomyBhutan investment roadshows attract Indian investors in Delhi, Mumbai and Bengaluru
Thimphu: Bhutan’s bid to attract investors via recent Investment Roadshows held in Delhi, Mumbai and IT city Bengaluru generated a strong interest from the Indian business community, local media in Thimphu reported on Thursday. According to the country’s Department of Industry (DoI), the event successfully showcased Bhutan’s investment potential in four key sectors: tourism and
EconomyQIP fundraising reaches record high in India, real estate leads with Rs 22,320 cr in 2024
Mumbai: Fundraising through qualified institutional placements (QIPs) reached an all-time high in India in 2024, with 99 issues raising a massive Rs 1,41,482 crore across sectors, a report said on Thursday. QIPs are a capital-raising method for listed companies without having to submit legal paperwork to market regulators. Real estate emerged as a key contributor,
EconomyHAL clocks 14 pc jump in Q3 net profit at Rs 1,440 crore
New Delhi: Government-owned Hindustan Aeronautics Ltd (HAL) on Wednesday reported a robust 14 per cent increase in consolidated net profit at Rs 1,440 crore for the October-December quarter of the current financial year compared to the corresponding figure of Rs 1,261 crore in the same period of 2023-24. The defence PSU has declared a first
