India’s imports of crude oil from Russia surged a whopping 80% in September after a marginal drop seen during the summer months. According to data from energy cargo tracker Vortexa, the share of Urals in India’s crude oil imports rose to 1.56 million barrels per day in September, compared with 865,000 barrels a day during […]
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B’luru to Mysuru in just 75 minutes! New expressway to cut travel time between two cities by almost 2 hours – See picturesB’luru to Mysuru in just 75 minutes! New expressway to cut travel time between two cities by almost 2 hours – See pictures
1/7 Travelling from Bengaluru to Mysuru is going to get smoother. It will reduce the travel time between the two cities from around 3 hours to about 75 minutes. (Twitter image/ Nitin Gadkari) 2/7 The 118 km long expressway project which has been constructed at a total cost of around Rs 8,480 crores, is set […]
Midcaps IT firms go big on gifts to employeesMidcaps IT firms go big on gifts to employees
At a time when the IT industry is witnessing macroeconomic uncertainties and muted hiring, and when large companies have either deferred or skipped their annual increments, midcap firms have offered gifts and freebies to their employees. From cycles, suitcases, iPads, discount on gym memberships to more than 120% variables have been offered to employees. Kirthan […]
ESR-Allianz JV calls off $450-mn saleESR-Allianz JV calls off $450-mn sale
After a year of negotiations, the ESR-Allianz Real Estate joint venture has called off plans to sell its warehousing platform in the country, said sources in the know.The equal JV is between Asia Pacific-focused logistics developer/ investor ESR and Allianz Real Estate, part of German group Allianz. In the bidding process last year, the JV […]
MSMEs secured Rs 23.36 lakh crore in bank credit under priority sector lending in NovemberMSMEs secured Rs 23.36 lakh crore in bank credit under priority sector lending in November
Scheduled commercial banks (SCBs) invested Rs 23.36 lakh crore under priority sector lending in MSMEs in November 2023, up 21.9 per cent from Rs 19.16 lakh crore deployed in November 2022, showed latest data on sectoral deployment of bank credit by the Reserve Bank of India (RBI). In October 2023, Rs 23.15 lakh crore was […]
Kuku FM secures $25 million in Series C Funding RoundKuku FM secures $25 million in Series C Funding Round
Vernacular audio content platform, Kuku FM, has raised $25 million in a Series C funding round, led by The Fundamentum Partnership and the International Finance Corporation (IFC), with participation from Vertex Ventures. This marks Fundamentum’s second investment in Kuku FM, following their previous Series B1 funding of $21.9 million in September 2022. Kuku FM plans […]
India’s coal output rises nearly 11 pc in Dec to 92.87 MTIndia’s coal output rises nearly 11 pc in Dec to 92.87 MT
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official statement said on Tuesday.The country’s coal output was 83.86 MT in December 2022. “The coal sector has witnessed an unprecedented upswing, with production, dispatch and stock levels soaring to remarkable heights,” the […]
Cyclone Biparjoy: High waves hit Mumbai! Gujarat braces itself as sea turns rough – See PicsCyclone Biparjoy: High waves hit Mumbai! Gujarat braces itself as sea turns rough – See Pics
1/10 The extremely severe cyclonic storm ‘Cyclone Biparjoy’ weakened on Tuesday into a very severe cyclonic storm, the India Meteorological Department (IMD) informed. Currently, the cyclone is centered approximately 290 km southwest of Gujarat’s Porbandar and is moving northwards at a speed of five kilometers per hour. According to the weather department, Biparjoy is expected […]
Indian Railways train delay update: 26 trains delayed as fog, cold wave grips north India – Check complete list hereIndian Railways train delay update: 26 trains delayed as fog, cold wave grips north India – Check complete list here
The dense fog in Delhi affected various train services, with the Indian Railways reporting that a total of 26 trains are experiencing delays in the national capital due to reduced visibility caused by the thick fog. “26 trains running late in Delhi area due to fog,” the Indian Railway said in a statement. According to […]
Firms get flexibility on borrowing via bondsFirms get flexibility on borrowing via bonds
The Securities and Exchange Board of India (Sebi) said on Thursday it would grant more flexibility to large companies for incremental borrowing via bonds, and has decided to remove penalties on companies which were unable to meet the mandatory bond market borrowing quota. The decision was taken at the board meeting of the Securities and […]