Business India News

The time has come for India to consider producing aeronautical goods domestically: Scindia

Civil Aviation Minister Jyotiraditya Scindia on Monday said it is time for India to look at manufacturing of aerospace products as he highlighted the growth potential of the country’s aviation sector. He also said domestic airlines are together projected to have a fleet of around 2,000 planes in the next five to seven years. It Read More…

Business India News Politics

By 2033–2044, Shah believes, we should produce 330 MMT of milk

Union Cooperation Minister Amit Shah on Saturday said that India should set a target to contribute 330 million metric tonnes (MMT), or 33 per cent of global milk production by 2033-34, stressing the need to also produce milk by the masses. Prime Minister Narendra Modi’s government is working for the 360-degree growth of the dairy Read More…

Business India Kerala News Politics

Hill India Limited’s Kerala unit to be shut down by the central government

The first Central Public Sector Venture in Kerala is closing. The Hill India Limited branch in Kerala (Kalamasery), the state’s first Central Public Sector Enterprise, would be shut down, according to the central government. Parliamentary enquiry from Suresh MP received a written response from Minister Bhagwant Khuba. This is a result of rising production and Read More…

Business News World

The Central Bank’s lack of independence caused Sri Lanka to become insolvent: Governor Weerasinghe

The governor of the Central Bank of Sri Lanka Nandalal Weerasinghe has cited the lack of independence of the apex bank in determining the monetary policy as a reason for the country’s unprecedented economic crisis. The Sri Lankan government in May last year declared a debt default on over USD 51 billion in foreign loans Read More…

Business India News

3 Adani Group equities are no longer under short-term monitoring on the NSE and BSE

The National Stock Exchange (NSE) and the BSE has announced that three Adani group companies — Adani Enterprises, Adani Power and Adani Wilmar — will move out of the short-term additional surveillance measure (ASM). The stocks will be excluded from the short-term ASM framework with effect from March 17, according to separate circulars available on Read More…

Business India News

Congress questions: given their track record, agencies didn’t look into the “unnatural share price volatility” of the Adani Group

The Congress on Thursday alleged that the Adani Group has had a “track record” of share manipulation and asked how the entire range of regulators and investigation agencies failed to investigate such “unnatural share price volatility” of its companies. The Congress has been persistent on its attack on the government weeks after Adani Group stocks Read More…

Business News

Patanjali stock prices fall as stock markets impose freeze on promoter shares

Amid promoters’ shares being frozen by stock exchanges for not complying with minimum public shareholding (MPS) standards, Patanjali Foods’ stock dropped more than 5 per cent during trading on Thursday. Patanjali Foods’ scrip was under selling pressure in the morning even though the company’s promoters expressed optimism in meeting MPS criteria over the next three Read More…