A PSU firm, which rallied more than 15 times from January 2021 to July 2024, has seen a significant decline of over 51% from its 52-week high reached on July 8, 2024. This firm is Cochin Shipyard, whose order book stood at Rs 22,587 crore as of June 30, 2024, including Rs 21,587 crore in … Read more
New fund offers are gaining popularity just like the equity mutual funds. In August 2024, the mutual fund industry saw new fund offer (NFO) inflows totaling Rs 13,815 crore, spread across 18 NFOs. This was a decrease from the Rs 16,565 crore invested in 15 NFOs in July 2024. Of the 18 NFOs launched in … Read more
IITH Director B.S. addressing the media at Kandi, in Sangareddy district, on Monday. | Photo Credit: MOHD ARIF SANGAREDDY Prime Minister Narendra Modi will inaugurate the Akhil Bharatiya Shiksha Samagam, which coincides with the third anniversary of National Education Policy 2020, on July 29, 2023, at ITPO, Pragati Maidan, in New Delhi. The two-day event is … Read more
The year 2022 turned out to be a difficult one with unprecedented inflation and economic turbulence. As the pandemic receded, the economy was expected to bloom. However, the road to recovery did not go as expected given the geopolitical tensions between Russia and Ukraine which brought along with it high inflation. Yet on the brighter … Read more
Shares of Mishtann Foods jumped 3 per cent during Thursday’s trading session after the company announced its plan to set up a grain-based ethanol manufacturing facility in Gujarat. The company has signed a Memorandum of Understanding (MoU) with the Gujarat government for the facility touted to be India’s biggest grain-based ethanol project. It is expected … Read more
NITI Aayog on Tuesday sought to dispel the fear that India is favouring a closed economy by promoting ‘Atmanirbhar’ mission, and said the country can achieve better results for its people by having a deeper engagement with the global supply and value chain. Inviting Japanese investors to set up companies in India on a larger … Read more
The government on Saturday decided to make changes to the existing nutrient based subsidy (NBS) policy to promote domestic production of phosphatic and potassic (P&K) fertilisers amid a sharp rise in global prices. A decision in this regard was taken in a high-level meeting chaired by Union Minister for Chemicals and Fertilizers Mansukh Mandaviya. In … Read more
The ministry has also come up with several initiatives to boost domestic tourism following the devastation the sector has faced in the aftermath of Covid-19. (Photo: jharkhandtourism.gov.in) The Union Tourism Ministry has prepared a draft roadmap to develop rural tourism in India and has invited suggestions from various stakeholders, including all state governments and administrations … Read more
Finance Minister Nirmala Sitharaman (File Photo: PTI) Finance Minister Nirmala Sitharaman in a press conference today starting at 3 PM, is announcing some economic relief measures to boost sectors worst affected by the second wave of coronavirus. The government and RBI (Reserve Bank of India) have been working in tandem to support the economy since … Read more
Medtech industry has been one of the key contributors to the healthcare ecosystem even before the pandemic. The role of the medical devices industry in ensuring business continuity and important deliveries during the pandemic has been critical. Covid-19 has once again brought Indian medtech to the epicentre. The current pandemic has led the medical devices industry to … Read more