- Business
- December 16, 2024
Govt Launches Rs 1,000-Crore Scheme to Ease Post-Harvest Loans for Farmers
Union food minister Pralhad Joshi on Monday launched a Rs 1,000 crore credit guarantee scheme to help farmers easily access post-harvest loans by leveraging electronic warehouse receipts. The scheme aims to reduce banks’ reluctance to lend against electronic negotiable warehouse receipts (e-NWRs) issued by Warehousing Development and Regulatory Authority (WDRA) registered repositories. “We have provided a corpus fund of Rs 1,000 crore. The…
- Business
- December 16, 2024
Tata Faces Pressure In Starbucks Joint Venture As City Dwellers Cut Spending
New Delhi: India’s Tata Consumer Products (TACN.NS), opens new tab will push back plans for some new Starbucks store openings until later in its existing schedule as fewer customers are walking into its cafes in the world’s most populous country, its top boss said on Monday. “We will calibrate for the short term — maybe instead of opening 100, we will open 80…
- Business
- December 16, 2024
2024 Was Big For Bitcoin. States Could See A Crypto Policy Blitz In 2025 In Spite Of The Risks
HARRISBURG: The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses that, together, could push states to become more open to crypto and for public pension funds and treasuries to buy into it. Proponents of the uniquely volatile commodity argue it is a valuable hedge against inflation, similar to gold. Many bitcoin enthusiasts…
- Business
- December 16, 2024
Wholesale Price Index November 2024: Down By 0.06%- Check Latest Numbers
The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 1.89 per cent (Provisional) for the month of November, 2024 (over November, 2023). Positive rate of inflation in November, 2024 is primarily due to increase in prices of food articles, food products, other manufacturing, textiles, machinery & equipment, etc. Month-over-Month Change in Major Groups of WPI: Primary Articles…
- Business
- December 16, 2024
Bloomberg $100 Billion Club: Two Big Indian Billionaires Out? See Names
The wedding celebration of Indian billionaire Mukesh Ambani ’s son Anant earlier this year was the stuff of tabloid fantasy: a seven-month extravaganza that saw Rihanna and Justin Bieber flown in to entertain guests across exotic locales from Mumbai to the Italian Riviera. The event — which cost $600 million by some estimates — offered a window into the supreme confidence of the…
- Business
- December 14, 2024
JP Nadda Dismisses Swiss NGO’s Allegations On Cerelac – Is It Safe For Consumption?
JP Nadda recently rubbished a Swiss NGO’s allegations on Nestle’s Cerelac, which is a baby food brand. The NGO’s report had claimed that Nestle’s Cerelac, that is sold in India contains 2.7 grams of added sugar per serving, unlike its counterparts that are sold in the UK and Germany. The firm had therefore faced a significant amount of scrutiny in the market and…
- Business
- December 13, 2024
Qwatt Technologies Unveils Industry-First 36V LED Module with Unmatched 10-Year Warranty
Qwatt Technologies, award-winning startup in India, has introduced the industry’s first 36V LED module in the signage and lighting sector, offering an industry-leading warranty of up to 10 years. Designed to optimize energy efficiency and extend lifespan, this groundbreaking product delivers exceptional luminous output while significantly lowering power consumption. Featuring advanced thermal management and unparalleled reliability, the 36V LED module is perfectly suited…
- Business
- December 12, 2024
Defence Ministry Inks Rs 13,500 Cr Deal With HAL To Procure 12 Sukhoi Jets
New Delhi, Dec 12 (PTI) The Defence Ministry on Thursday said it inked a Rs 13,500 crore deal with state-run aerospace major Hindustan Aeronautics Ltd (HAL) to procure 12 Sukhoi jets. The aircraft will feature 62.6 per cent domestic content, it said. The Russian-origin Su-30MKI jets are being procured for the Indian Air Force. These jets are now manufactured by the HAL under…
- Business
- December 12, 2024
Reliance signs $12-13 bn oil import deal with Russia’s Rosneft
New Delhi, Dec 12 (PTI) Billionaire Mukesh Ambani’s Reliance Industries Ltd has signed a deal to import crude oil worth USD 12-13 billion a year from Russia’s Rosneft for 10 years, sources said. Russian state oil firm Rosneft will supply up to 500,000 barrels per day (25 million tonne a year) of crude oil to Reliance, they said. The 10-year deal at current…
- Business
- December 12, 2024
Retail inflation eases to 5.48 pc in Nov: Govt data
New Delhi, Dec 12 (PTI) Retail inflation slowed to 5.48 per cent in November compared to 6.21 pc in October, mainly due to easing food prices, especially vegetables, according to government data released on Thursday. According to Consumer Price Index (CPI) data released by the National Statistics Office (NSO), the inflation in the food basked reduced to 9.04 per cent in November. It…
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