Business

Business

Green energy will help fight pollution and create jobs in India

May 24, 2024 Vinayak Barot

New Delhi: India, committed to climate mitigation programme, today stands 4th globally in renewable energy installed capacity, 4th in wind power capacity and 5th in solar power capacity, as per International Renewable Energy Agency – Renewable capacity statistics 2023. The recent government initiatives have played a major role in this. As of November 2023, the […]

Business

Employment: AI will make all jobs “optional,” says Elon Musk

May 24, 2024 virendra pandit

Virendra Pandit New Delhi: Artificial Intelligence (AI) will eliminate all kinds of jobs and potentially turn them into mere hobbies, Elon Musk said on Thursday. Addressing a startup and technology event in Paris, he said with the maturing of AI, none of us will have a job. Musk, the CEO of SpaceX and Tesla, emphasized […]

Business

Roving Periscope: The subtle “M” word enters Trump’s campaign lexicon

May 24, 2024 virendra pandit

Virendra Pandit New Delhi: Controversial former US President Donald Trump has done what none of his predecessors could. He stirred up the hornet’s nest by raising the influx of ‘Muslims’ into America, hinting at them without naming them, and promised he would deport them wholesale if he returned to the White House after the November […]

Business

Markets: Expecting a Modi government return, Sensex up at 75,000k-plus, Nifty50 crosses 22,900

May 23, 2024 virendra pandit

Virendra Pandit New Delhi: A day after the Reserve Bank of India (RBI), unlike many struggling central banks wordwise, announced a dividend (surplus) of Rs. 2.1 trillion to the Centre, the country’s stock markets reacted positively with Sensex and Nifty50 hitting record closing highs of 75.418 and 22,967, respectively, on the back of strong gains […]

Business

Mid-term elections: PM Sunak keeps FinMin and Tories in the dark on July 4 polls

May 23, 2024 virendra pandit

Virendra Pandit New Delhi: Indian-origin British Prime Minister Rishi Sunak surprised even his Chancellor of the Exchequer Jeremy Hunt on Wednesday when he announced snap elections to the 650-member House of Commons on July 4, staking his Conservative Party’s future amid a series of setbacks at home and abroad. His decision to hold mid-term polls […]

Business

Roving Periscope: Russia and China fight high-level “corruption” within

May 23, 2024 virendra pandit

Virendra Pandit New Delhi: War is not only a big business for political and corporate chiefs but also for the military bosses. In a series of bribery arrests of high-ranking military officials, Russia, which is engaged in an ongoing war against Ukraine, announced the arrest of a deputy chief of the Russian military general staff […]

Business

Adani Group stocks rally; Adani Enterprises jumps 8 pc

May 22, 2024 Vinayak Barot

New Delhi, May 23 (PTI) Shares of Adani Group companies continued to remain in the limelight on Thursday, with the flagship Adani Enterprises rallying 8 per cent, amid reports of likely inclusion in the 30-share BSE Sensex. The stock of Adani Enterprises jumped 8.01 per cent to Rs 3,391.20 apiece on the BSE. The BSE […]

Business

Torrent Power reports Q4 FY 2023-24 results

May 22, 2024 Vinayak Barot

May 22, 2024: Torrent Power Limited (the “Company”) today announced financial results for the quarter and year ended March 31, 2024. Profit after tax (PAT) for FY 2023-24 stood at ₹ 1,896 crs as compared to ₹ 2,165 crs for FY 2022-23. The reduction is on account of one-time higher net gain in FY 2022-23 […]

Business

Surplus: As FinMin prepares the FY25 budget, RBI transfers Rs. 2.1 trillion to the Centre

May 22, 2024 virendra pandit

Virendra Pandit New Delhi: The Board of the Reserve Bank of India (RBI), on Wednesday, approved the transfer of Rs 2.1 trillion (Rs 2,10,874 crore) as surplus to the Centre for the accounting year 2023-24. This significant transfer is expected to reduce the government’s borrowing requirements and positively impact G-Sec yields. During its 608th meeting […]

Business

Human trafficking: India rescues 60 Indians from Chinese job scam in Cambodia

May 22, 2024 virendra pandit

Virendra Pandit New Delhi: The Indian Embassy in Cambodia on Wednesday announced it has rescued 60 Indians who fell victim to fraudulent employment practices run by handlers in the former China-supported communist nation in Southeast Asia. The rescued persons were shifted from Sihanoukville, Cambodia, to its capital Phnom Penh with assistance from the Embassy for […]