Category: Business News
Indian ship recycling sector will increase 15 PCs, riding the edge over Pakistan and Bangladesh.
The Indian ship recycling industry will see revenue grow nearly 15 percent this fiscal year after two years of decline of 22 percent in fiscal 2024 and 8.5 percent in fiscal 2023. The growth will be supported by two factors. First, the increased availability of aging vessels for recycling is due to the addition of…
In the current financial year, SBI intends to borrow up to $3 billion through debt.
The country’s largest public sector lender, the State Bank of India, said on Tuesday that its board has approved raising up to USD 3 billion via debt in the current financial year. The SBI will raise the funds in one or more tranches through a public offer or a private placement of senior unsecured notes,…
Mutual fund assets in India increased to 58.6 trillion in May.
India’s mutual fund assets rose to Rs 58.6 trillion in May, inching closer to a record of Rs 10 trillion in less than a year, data from the Association of Mutual Funds in India (AMFI) said. While the fund industry took five decades to build the first Rs 10 trillion of assets since its inception…
The tech sector applauds PM Modi on his historic third term.
As Narendra Modi is set to take the oath as Prime Minister on Sunday, the tech industry hailed his record third term, saying that this continuity will promote stability, consistency, and effectiveness in governance, taking the country closer to ‘Vision India@2047’. Congratulating PM Modi on winning the Lok Sabha elections for the third time, Agendra…
India quickens its green hydrogen program.
NDIA took a crucial step towards the demand creation of green hydrogen and its derivatives in the country on Saturday. The Solar Energy Corporation of India (SECI) issued a Request for Selection (RfS) to select green ammonia producers for manufacturing green ammonia in India through cost-based competitive bidding, according to the Ministry of New and…
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