The demand for stainless steel in the country is expected to grow in the range of 7-8 per cent Y-O-Y over the next three years, the Indian Stainless Steel Development Association (ISSDA) said on Wednesday. The overall consumption of stainless steel reached 4.8 million tonnes in FY25, registering a Year-On-Year (Y-O-Y) growth of about 8 … Read more
Shares of Toyota Industries fell more than 12 per cent on Wednesday, after a $33 billion take-private offer for the forklift operator from parent Toyota Motor fell short of investor expectations. The world’s top-selling automaker will take its supplier private through a complex 4.7 trillion yen ($33 billion) deal, offering 16,300 yen a share for … Read more
Axiom Space’s mission to the International Space Station (ISS), carrying Indian astronaut Shubhanshu Shukla and three others, has been postponed to June 10 at 5:52 pm IST, onboard SpaceX’s Falcon-9 rocket from the Kennedy Space Centre in Florida. The announcement was made during a virtual press conference with the Axiom-4 mission crew members, who are … Read more
India currently hosts over 1,700 GCCs, with 120 new centres launched in 2024 alone | Photo Credit: Getty Images Staffing firm Quess Corp has expanded its service portfolio with the launch of Origint, a new brand that will offer end-to-end solutions for setting up Global Capability Centres (GCCs). These services include blueprinting, regulatory compliance, real … Read more
The initiative delivers an open-source, modular blueprint for sustainable tier-2 textile manufacturing that can be adopted industry-wide, while simultaneously building a first-of-its-kind physical facility that demonstrates these principles in action. Arvind Ltd has proposed to build a new facility for cotton woven and knits in Gujarat which will achieve 93 percent reduction in greenhouse gas … Read more
Trade uncertainties, FPI outflows and selling pressure in financial and IT stocks continue to pull the market movement downward. Sensex tanked 740.51 pts or 0.91 per cent to 80,633.24, hitting a low of 80,575.09, and Nifty 50 fell 188.10 pts or 0.76 per cent to 24,528.50 as at 12.53 pm. Smallcap index traded with modest … Read more
State-run UCO Bank has appointed Sumit Khandelwal as its new chief financial officer (CFO) with immediate effect, according to a regulatory filing. Khandelwal, who previously served as the general manager and the zonal head of the bank’s New Delhi zone, replaces Sujoy Dutta as CFO. The 48-year-old banker holds bachelor’s degrees in commerce and in … Read more
The facility for exchange of the ₹2,000 banknotes is available at RBI’s 19 Issue Offices since May 19, 2023, per a Central bank statement Source link
Data centre equipment manufacturing Nidec has inaugurated its ₹600 crore manufacturing plant in Hubballi. The facility is expected to create 800 direct jobs. The facility was inaugurated by Karnataka’s Minister for Large and Medium Industries, M.B. Patil. Speaking at the event, Minister Patil said the new plant is expected to provide more jobs in addition … Read more
The agreement is aimed at enhancing energy reliability during peak demand periods and balancing renewables, while also meeting rising domestic and industrial gas needs. | Photo Credit: Torrent Power Ltd (TPL) has signed a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte. Limited, a subsidiary of global integrated energy company BP, for the … Read more