NEW DELHI: Adani group on Monday announced its complete exit from the FMCG joint venture Adani Wilmar, selling its entire stake to Singapore-based partner Wilmar International and through the open market, with total proceeds expected to surpass $2 billion.Adani Enterprises Ltd, which owned a 43.94% stake in Adani Wilmar Ltd, has announced plans to sell…
Indian Railways currently serves approximately 10 million beneficiaries through 129 hospitals and 586 health units. (AI image) Indian Railways is currently in discussions with with online pharmacy services to enable doorstep delivery of medicines from its network of hospitals, according to officials. RailTel Corporation of India Limited plans to seek tenders in January 2025 for…
Scammers are exploiting the interest surrounding the government’s new PAN 2.0 initiative by sending fraudulent emails to mislead people. (AI image) PAN 2.0 fraud alert! Have you received an email for downloading your e-PAN Card? Be cautious of suspicious emails claiming to help you download e-PAN cards! Fraudsters continuously devise new methods to deceive and…
Market observers will closely track automotive sales data for early indicators as the new year begins. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Monday. While BSE Sensex was near 78,600, Nifty50 was above 23,750. At 9:16 AM, BSE Sensex was trading at 78,609.52, down 90…
NEW DELHI: Homegrown Indian liquor makers are mulling approaching food & beverages regulator FSSAI for a separate standard for the Indian single malt whisky that is rapidly scaling with the ongoing trend of premiumisation and has won several prestigious international awards. This will help maintain the reputation of Indian single malt whisky – now exported…
NEW DELHI: Industry body CII in its Budget suggestions has recommended lowering the excise duty on fuel to boost consumption, especially at the lower income level, arguing that fuel prices significantly drive inflation.The Budget could also consider reducing marginal tax rates for personal income up to Rs 20 lakh per annum. This would help trigger…
NEW DELHI: Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report on Trend and Progress of Banking in India 2023-24. Employee attrition rates are high across select private sector banks and small finance banks (SFBs),…
NEW DELHI: Industry body CII in its budget suggestions for 2025-26 has recommended lowering the excise duty on fuel to boost consumption, especially at the lower income level, arguing that fuel prices significantly drive inflation. The budget could also consider reducing marginal tax rates for personal income up to Rs 20 lakh per annum. This…
NEW DELHI: India is poised to achieve new heights in foodgrain production in 2025, driven by favourable monsoon, though significant challenges persist in pulses and oilseeds production as the country’s agricultural sector shows signs of robust recovery. The Agriculture Ministry’s initial projections paint an optimistic picture, with kharif (summer) foodgrain production estimated at a record…
NEW DELHI: Tata Group is planning to create over five lakh new manufacturing jobs over the next five years from its projects, stated Tata Sons Chairman N Chandrasekaran in his New Year message to the Group’s employees.“Our Group plans to create 500,000 manufacturing jobs over the next half decade.” Chandrasekaran said these jobs will come…
