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Investec initiates ‘Buy’ rating for Ambuja Cements with target price of Rs 950
Business

Investec initiates ‘Buy’ rating for Ambuja Cements with target price of Rs 950

Mumbai, Dec 18: Global banking and wealth management group Investec on Wednesday initiated a ‘BUY’ rating for Ambuja Cements with a target price of Rs 950 from Rs 577 apiece, which is an impressive 65.1 per cent return as projected. In a note, Investec wrote that it “finds comfort in management,...
GreenLine expands green logistics footprint with Exide Industries partnership
Business

GreenLine expands green logistics footprint with Exide Industries partnership

Mumbai, Dec 17: GreenLine Mobility Solutions Ltd, a key player in Essar's Green Mobility initiative, has announced its partnership with Exide Industries, India's largest selling battery brand. This collaboration will integrate GreenLine's eco-friendly LNG-powered trucks into Exide’s logistics...
Giriraj Singh rolls out red carpet for Japan’s Uniqlo to invest in PM Mitra Parks
Business

Giriraj Singh rolls out red carpet for Japan’s Uniqlo to invest in PM Mitra...

New Delhi, Dec 17: Textiles Minister Giriraj Singh has invited Japanese brand Uniqlo to invest in PM’s Mega Integrated Textile Region and Apparel (PM MITRA) Parks as India targets a textiles market size of 350 billion to 100 billion dollars in exports by 2030, according to an official statement...
CBDT launches e-campaign to help taxpayers resolve income and transaction mismatches
Business

CBDT launches e-campaign to help taxpayers resolve income and transaction...

New Delhi, Dec 17: The Central Board of Direct Taxes (CBDT) has launched an electronic campaign to assist taxpayers in resolving mismatches between the income and transactions reported in the Annual Information Statement (AIS) and those disclosed in Income Tax Returns (ITRs) for the financial years...
OSOP scheme to empower women artisans expands to 1,854 railway stations
Business

OSOP scheme to empower women artisans expands to 1,854 railway stations

Mumbai, Dec 16: The Centre’s One Station One Product (OSOP) scheme to empower women artisans has expanded at a robust pace with as many as 1,854 outlets showcasing diverse local products at various railway stations across the country.“Central Railway alone accounts for 157 of these outlets,...
2025 to see new growth opportunities in tier 2, 3 cities for Indian real estate sector
Business

2025 to see new growth opportunities in tier 2, 3 cities for Indian real estate...

New Delhi, Dec 16: After witnessing a bumper growth in 2024 across residential, office and industrial domains, 2025 is likely to be a year of consolidation and continued innovation for the Indian real estate sector, a report showed on Monday. While residential and office markets can potentially...
Contractual workers in Indian manufacturing sector see 5.6 pc annual pay growth
Business

Contractual workers in Indian manufacturing sector see 5.6 pc annual pay growth

Bengaluru, Dec 16: The contractual employees in the Indian manufacturing sector saw their compensation packages grow at a 5.9 per cent compound annual growth rate (CAGR) from FY21 to FY24, according to a report on Monday. This growth was driven by inflation, increased demand for skilled workers, and...
Per capita availability of fruits, vegetables increases in India
Business

Per capita availability of fruits, vegetables increases in India

New Delhi, Dec 14: Per capita availability of fruits and vegetables in India increased by 7 kg and 12 kg, respectively, in the last decade, according to SBI Research report. The main increase in the per capita production of fruits and vegetables has been in Madhya Pradesh, Uttar Pradesh, Punjab and...
Zepto’s expenses surge over 71 pc in FY24, losses at Rs 1,248 crore
Business

Zepto’s expenses surge over 71 pc in FY24, losses at Rs 1,248 crore

New Delhi, Dec 14: Blinkit’s rival Zepto saw its expenses surge a whopping 71.6 per cent to Rs 5,747 crore in the last financial year (FY24), as the company clocked Rs 1,248.6 crore in losses. The return on capital employed (ROCE) for the quick commerce company stood at -119.3 per cent and its...
India
Business

India's growth on resilient trajectory, equity markets in consolidation phase

Mumbai, Dec 14: India’s economic momentum is expected to recover in the second half of FY25, driven by a rebound in government capex post elections, recovery in rural consumption, and on the back of festive season demand, a report by Motilal Oswal Private Wealth (MOPW) said on Saturday. The growth...
TCS inks 5 year deal with Telenor Denmark to deliver IT infra services
Business

TCS inks 5 year deal with Telenor Denmark to deliver IT infra services

Mumbai, Dec 12: IT major Tata Consultancy Services (TCS) on Thursday said it has extended partnership with Telenor Denmark (TnDK), the second largest mobile operator in the Danish market, to deliver IT infrastructure services. The extended partnership will see TCS manage the telecom operator’s IT...
NLC’s first supercritical power plant starts commercial operations
Business

NLC’s first supercritical power plant starts commercial operations

New Delhi, Dec 12: NLC India Limited (NLCIL) on Thursday announced the commencement of commercial operations of the first unit of its super critical 3 x 660 MW Ghatampur Thermal Power Plant, developed through Neyveli Uttar Pradesh Power Limited, a joint venture with UP Rajya Vidyut Utpadan Nigam...
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