`
[--[65.84.65.76]--]

Indian-news

   Stock-news

 26 Dec 2024 10:12 PM   EconomicTimes

Gensol Engineering gets Rs 897-cr solar project from NTPC REL

Gensol Engineering secures an Rs 897-crore contract from NTPC Renewable Energy Limited to develop 225 MW grid-connected solar projects in the Rann of Kutch, Gujarat. The project will be executed on EPC mode and includes three years of operations and maintenance.

 26 Dec 2024 10:01 PM   EconomicTimes

Indusind Bank puts MFI loans worth Rs 1573 crore on the block

IndusInd Bank faces continued asset quality pressure on its microfinance book and has put Rs 1573 crore worth of loans up for sale. Public bids are invited at a reserve price of Rs 85 crore, with no collateral backing for the loan accounts. Asset reconstruction companies are likely to bid for this loan pool.

 26 Dec 2024 09:31 PM   EconomicTimes

Banks see bad loan ratio drop to 13 year low: RBI

RBI reported that Indian banks' profitability improved for the sixth consecutive year as of March 2024, with asset quality reaching a 13-year low in non-performing assets. Banks' net profit rose by nearly 33% and GNPA ratio fell to 2.7%, driven by better recoveries and upgrades.

 26 Dec 2024 09:16 PM   EconomicTimes

RBI hints at more scope for credit growth: Report

The Reserve Bank of India suggests that there is potential for banks to increase their lending as India's credit-to-GDP ratio is below the optimal threshold. Higher credit growth can support economic growth. However, excessive credit expansion can be counterproductive. Currently, the overall credit growth is trending below 15 percent, driven by the retail sector.

 26 Dec 2024 09:10 PM   EconomicTimes

Four infrastructure majors bid for TOT Bundle 15

The National Highways Authority of India, under the ministry of road transport and highways, will evaluate the technical bids submitted by IRB Infrastructure Developers, Epic Concessions, Adani Roads and PATH (Prakash Asphalting’s & Toll Highways) for the 124 km stretch of the four-lane Trichy-Tovrankurichi-Madurai section in toll-operate-transfer (TOT) Bundle 15. Following this, NHAI will evaluate the financial bids before it awards the contract.

 26 Dec 2024 08:35 PM   EconomicTimes

Jubilant Foods signs MoU with Coca-Cola for purchase of beverages & food products

Jubilant Food Ltd (JFL) has signed an MoU with Coca-Cola to purchase and market its sparkling beverages and other products. This move comes after JFL's parent company, Jubilant Bhartia Group, acquired a 40% stake in Hindustan Coca-Cola Beverages. JFL, which operates Domino's Pizza and other QSR brands, previously partnered with PepsiCo.

 26 Dec 2024 08:02 PM   EconomicTimes

Facebook renews lease for 370,000 sq ft office in Hyderabad's Hitec City

Meta has renewed its lease for 367,000 sq ft office space in Hyderabad for five more years, with a total rental payout of over Rs 170 crore. This commitment highlights the city's robust commercial real estate market and its importance as a tech hub in India.

 26 Dec 2024 07:52 PM   EconomicTimes

L&T eyes 20 pc growth in construction, mining machinery biz in FY26

Larsen & Toubro (L&T) expects its construction and mining machinery business to grow by at least 20% next fiscal year, aiming to double sales in the next five years. The company will invest in service capabilities and has launched a mini excavator, Komatsu PC35, to fuel growth. L&T focuses on distribution and after-sales, while Komatsu manufactures the machinery.

 26 Dec 2024 07:06 PM   EconomicTimes

Mankind Pharma inks licensing pact with Innovent to commercialise Sintilimab in India

Mankind Pharma Ltd and Innovent Biologics have partnered to license and commercialise the cancer immunotherapy drug Sintilimab in India. They aim to enhance cancer treatment and patient access to innovative therapies. Mankind Pharma plans to seek regulatory approval in 2024 and perform essential clinical trials in India.

 26 Dec 2024 07:04 PM   EconomicTimes

Branded hotels poised for strong double-digit growth by FY26, boosted by leisure & business travel demand

Branded hotels are poised for strong double-digit revenue growth of 11-12% in FY26, driven by increased leisure and business travel, MICE segment boost, and rising foreign tourist arrivals. Room supply is set to expand by 11-12%, yet occupancy levels will remain high at 74-75%, with average room rates growing by 3-4%.

 26 Dec 2024 06:15 PM   EconomicTimes

Banking frauds rise in H1FY25, amount involved jumps 8-time: RBI report

Bank frauds increased to 18,461 cases in the first half of the current fiscal, with involved amounts rising to Rs 21,367 crore, states RBI data. Private sector banks reported most cases, while public sector banks had the highest amounts involved. Digital frauds involving internet and card transactions rose, stressing the need for stronger monitoring and law enforcement coordination.

 26 Dec 2024 06:00 PM   EconomicTimes

These were the game changer car launches of 2024 in India

Car sales in India are set to reach 4.2 to 4.5 million units in 2024. Ten game-changer cars like the Honda Amaze and Mahindra BE 6 have made a significant impact. Mahindra & Mahindra and Toyota Kirloskar Motor are expected to achieve record sales, despite challenges faced by other major carmakers.

 26 Dec 2024 05:46 PM   EconomicTimes

2024 in fashion: When Indian designers took big strides by dressing up global stars

Indian fashion designers are increasingly gaining global recognition, with celebrities such as the Kardashian sisters, Jennifer Lopez, and Deepika Padukone donning their creations at high-profile events. Renowned designers like Manish Malhotra, Gaurav Gupta, and Sabyasachi Mukherjee are making significant strides, blending traditional Indian elements with contemporary aesthetics and catering to both Bollywood and Hollywood stars.

 26 Dec 2024 05:31 PM   EconomicTimes

Akums enters into Rs 1750 crore contract to supply pharma products to Europe

Akums Drugs & Pharmaceuticals has signed a long-term contract worth Rs 1760 crore with an unnamed global pharmaceutical company to manufacture and supply oral liquid formulations in Europe. They will receive an upfront payment of €100 million and expect commercial supply from 2027 to 2032. Approval processes are anticipated to be completed by 2026.

 26 Dec 2024 05:31 PM   EconomicTimes

Indian banks' balance sheets stay robust, bad loans decline more: RBI report

Indian banks' financial health has remained strong with expansions in loans and deposits. Gross bad loan ratios decreased to over-13-year lows, and net bad loans also declined. Banks have improved their balance sheets and profitability. The Reserve Bank of India emphasized strengthening risk management and IT governance. Non-bank lenders need prudent growth approaches and robust risk management frameworks.

 26 Dec 2024 04:41 PM   EconomicTimes

Akums Group inks pact worth 200 million euros for European market

Akums Group signed a long-term deal worth 200 million euros with a global pharma company. They will produce and supply oral liquid formulations for the European market. Commercial supply starts in 2027 and ends in 2032. Akums will receive 100 million euros upfront for product development and European site approval. European approval process for the facility will start soon.

 26 Dec 2024 04:34 PM   EconomicTimes

DU to introduce PhD in Hindu Studies from new academic session

Delhi University plans to introduce a PhD program in Hindu Studies starting the 2025-26 academic session. The initiative aims to advance research in Hindu Studies, providing opportunities for students with JRF/NET qualifications. The proposal awaits final approval from the Academic and Executive Councils.