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Indian-news

   Stock-news

 21 Nov 2024 02:23 PM   EconomicTimes

AI, 5G, cloud drive India's data centre surge, push institutional investments

India's data center capacity is projected to surge by 66% by 2026, fueled by AI, cloud computing, and 5G adoption. This growth is attracting significant investments, with Navi Mumbai emerging as a key data center hub. The expansion is expected to create jobs, bolster digital infrastructure, and position India as a global technology leader.

 21 Nov 2024 02:19 PM   EconomicTimes

Nokia to supply Microsoft Azure with datacenter routers, switches for another 5 yrs

Nokia has secured a five-year extension to its ongoing partnership with Microsoft Azure, solidifying its role as a key provider of data center networking solutions. The Finnish company will supply its advanced routers and switches to enhance the scalability and reliability of Azure data centers globally.

 21 Nov 2024 01:53 PM   EconomicTimes

Brigade REAP invests in Settlin, India’s first gig-based real estate resale startup

Brigade REAP invested in Settlin, a gig-based residential resale broker. Settlin secured $500,000 in funding. The startup uses data and gig workers for resale transactions. They have sold nearly 1000 homes, totaling Rs 900 crore in value. Brigade REAP, a prominent proptech accelerator, supports innovative real estate solutions. This partnership will help Settlin expand its reach in India.

 21 Nov 2024 01:52 PM   EconomicTimes

Domestic airlines' fleet to touch 1,400 planes in 5 years

India's domestic airlines are projected to expand their fleet size to 1,400 aircraft within the next five years, a significant increase from the current 800, driven by major orders from airlines like IndiGo and Air India.

 21 Nov 2024 01:47 PM   EconomicTimes

Jio, Airtel, Vi continue to suffer customer losses for a third time

India's top telecom companies Jio, Airtel and Vodafone lost millions of wireless customers in September. This happened for the third consecutive month. BSNL, on the other hand, gained subscribers. BSNL added close to a million subscribers as it did not increase its tariffs. Jio remained the biggest mobile operator despite losing the largest number of subscribers.

 21 Nov 2024 01:10 PM   EconomicTimes

Khan Market ranks 22nd most expensive main street globally

Khan Market in Delhi remains India's most expensive retail location but ranks 22nd globally, with rents a tenth of Milan's Via Montenapoleone, now the world's priciest. Despite a 7% yearly rent increase, limited space drives intense competition. Globally, prime retail thrives, with rents up 4.4% on average, signaling a resurgence amidst economic recovery and easing inflation.

 21 Nov 2024 11:28 AM   EconomicTimes

VinFast in talks with Adani Group, Megha Engineering for electric car venture

Vietnamese EV maker VinFast is considering Indian companies MEIL and Adani Group as potential partners for its electric car venture in India. VinFast is looking for a local partner to help navigate the Indian market and establish a supply chain. While discussions are ongoing, no final decisions have been made.

 21 Nov 2024 11:22 AM   EconomicTimes

Sedans look to fightback in the age of SUVs

Despite the soaring popularity of SUVs, Indian automakers are not abandoning sedans. Maruti and Honda have launched upgraded versions of their popular sedan models, emphasizing enhanced features and safety. Although the sedan market share has shrunk, companies like Volkswagen and Skoda see potential, introducing new models with SUV-like ground clearance.

 21 Nov 2024 10:52 AM   EconomicTimes

Prasar Bharti unveils free OTT app 'Waves' with 40 live channels, archives & live events including US Premier League Cricket Tournament

Waves OTT App: Doordarshan, India's public broadcaster, has launched its OTT platform 'WAVES', featuring a blend of nostalgic classics like Ramayan and Mahabharat alongside contemporary programming. Available in 12+ languages, WAVES offers news, documentaries, regional content, and live events, including the upcoming US Premier League Cricket Tournament.

 21 Nov 2024 10:02 AM   EconomicTimes

Signature Global to exceed FY25 sales bookings target of Rs 10,000 crore on strong demand: Chairman

Signature Global Ltd is poised to surpass its sales bookings target of Rs 10,000 crore. The realty firm has already achieved Rs 5,900 crore in the first half of the fiscal year. Strong housing demand in the Gurugram property market is driving the growth. The company plans to launch new projects in the second half of the fiscal year.

 21 Nov 2024 09:58 AM   EconomicTimes

Birla Opus not looking at inorganic growth route

Birla Opus, the Aditya Birla Group's paint company, has denied pursuing inorganic growth through acquisitions, despite reports linking them to Akzo Nobel India. CEO Rakshit Hargave stated the company is focused on organic growth, having invested heavily in expanding its production capacity to meet demand and gain market share.

 21 Nov 2024 09:14 AM   EconomicTimes

KPMG loses another exec as deals advisory co-head Manish Aggarwal exits

Manish Aggarwal, co-head of deal advisory at KPMG, has resigned, adding to a string of departures from the unit. Aggarwal, a key dealmaker for the firm, was involved in major transactions, including Brookfield's highways exit and JSW Energy's Mytrah acquisition. His next career move remains unknown.

 21 Nov 2024 08:14 AM   EconomicTimes

'If India Can Make Sensors for Rockets, it Can Make for Cars Too'

Speaking at the Bengaluru Tech Summit on Wednesday, S Somanath said that if Isro can produce space-graded sensors for its rockets, then the country's automobile industry can collaborate with the space agency and manufacture vehicle sensors indigenously.

 21 Nov 2024 05:30 AM   EconomicTimes

Flight departure delayed may not be comfort denied: Deplaned passengers can reboard without rescreening after 2-hour tarmac delay

Passengers stranded at Delhi Airport due to fog-related flight delays exceeding two hours will soon be allowed to deplane and reboard without repeating security checks. This initiative aims to alleviate passenger inconvenience and optimise slot utilisation during the fog season. A separate holding area will be established to ensure the security and segregation of deplaned passengers.

 21 Nov 2024 05:30 AM   EconomicTimes

CM Naidu fulfills promise: Rs 60k cr BPCL project to come up near Andhra port

The refinery project is a big win for N Chandrababu Naidu, whose Telugu Desam Party (TDP) provides crucial support to the Bharatiya Janata Party-led National Democratic Alliance (NDA) government at the Centre. It headed Naidu’s agenda when he met the Prime Minister on his first visit to New Delhi on July 5 after being sworn in as chief minister.

 21 Nov 2024 12:19 AM   EconomicTimes

Korba to get NTPC-BHEL's 800 MW hi-tech power plant

NTPC and BHEL are considering Korba, Chhattisgarh, as the location for India's first 800-MW advanced ultra-supercritical (AUSC) power plant. The estimated cost for the high-efficiency plant is ₹15,000 crore. The final decision will follow feasibility studies and approvals from relevant ministries. This indigenous technology promises higher efficiency and reduced emissions compared to existing power plants.

 21 Nov 2024 12:16 AM   EconomicTimes

Banks seek more collateral for Vi LCs, putting its upgrade plans in jeopardy

Vodafone Idea's network upgrade plans face potential delays as banks demand additional collateral for issuing letters of credit to equipment suppliers. Despite claims of sufficient funds for the fiscal year, banks remain cautious due to Vi's substantial debt, including AGR dues. This situation could hinder Vi's ability to compete effectively with rivals like Jio and Airtel.