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Indian-news

   Stock-news

 20 Nov 2024 11:47 PM   EconomicTimes

LG Electronics, vendors ready Rs 7k-cr India infusion

LG Electronics will invest Rs 5,000 crore, and its Korean and Chinese parts suppliers the remainder, the executives said. LG, India's largest home appliances maker by sales, has sought 300 acres from the Andhra Pradesh government for the project which will generate over 1,500 direct jobs, the executives said asking not to be named.

 20 Nov 2024 11:33 PM   EconomicTimes

Aircel-Maxis Deal: Delhi HC stays trial against Chidambaram

The Delhi High Court has temporarily halted the trial court's proceedings against former Union Minister P. Chidambaram in the Aircel-Maxis money laundering case. Chidambaram, who challenged the trial court's acceptance of the Enforcement Directorate's complaint, will await the next hearing date. The case revolves around alleged irregularities in a 2006 investment deal approved during Chidambaram's tenure as Finance Minister.

 20 Nov 2024 11:28 PM   EconomicTimes

Delhi HC issues notice to OpenAI as ANI sues ChatGPT co

The Delhi High Court is reviewing a case filed by news agency ANI against OpenAI, alleging the company used ANI's content without permission to train its AI chatbot, ChatGPT. ANI also claims ChatGPT fabricated news stories and attributed them to the agency. A judge has asked OpenAI to respond to the accusations, with a follow-up hearing scheduled for January 28.

 20 Nov 2024 11:21 PM   EconomicTimes

Telecom Right of Way rules must for states from January 1

The Department of Telecommunications (DoT) has mandated states to implement the new right-of-way (RoW) rules for telecom infrastructure starting January 1, 2025. These rules, effective nationwide, aim to expedite 5G rollout and streamline infrastructure deployment by simplifying approval processes, setting charge limits, and enabling digital management of applications.

 20 Nov 2024 11:21 PM   EconomicTimes

Telecom Right of Way rules must for states from Jan 1

The Department of Telecommunications (DoT) has mandated states to implement the new right-of-way (RoW) rules for telecom infrastructure starting January 1, 2025. These rules, effective nationwide, aim to expedite 5G rollout and streamline infrastructure deployment by simplifying approval processes, setting charge limits, and enabling digital management of applications.

 20 Nov 2024 11:20 PM   EconomicTimes

NCLT grants approval to Mahindra Homes’ share capital reduction plan

Mahindra Homes, a joint venture between Mahindra Lifespace Developers and Actis, has received approval from the National Company Law Tribunal (NCLT) for its capital reduction proposal. The move, which involves canceling certain equity shares, will optimize capital allocation without impacting ongoing projects or homebuyer interests.

 20 Nov 2024 11:17 PM   EconomicTimes

Airtel renews 4G, 5G contracts with Nokia

Bharti Airtel has partnered with Nokia in a multi-billion dollar deal to expand its 4G and 5G network infrastructure. The deal involves deploying Nokia's advanced 5G equipment, including base stations and energy-efficient technology. This strategic move aims to enhance network capabilities and attract subscribers in a competitive market.

 20 Nov 2024 10:34 PM   EconomicTimes

CBSE date sheet 2025 released: Board exams for Class 10 and 12 to begin on Feb 15; check complete schedule here

The Central Board of Secondary Education has released the board exam dates for 2025. The exams will begin on February 15 for Class 10 and February 15 for Class 12. Students will have more time between major subject exams. The board has compressed the schedule, leaving fewer days for major exams.

 20 Nov 2024 10:11 PM   EconomicTimes

India focussed on developing content creators' economy: Ashwini Vaishnaw

India is focusing on its content creators to showcase its rich heritage and culture. The country's creative economy is now a USD 30 billion industry. It contributes nearly 2.5 percent of GDP and provides livelihood to eight percent of the workforce. More cities like Guwahati, Kochi and Indore are becoming creative epicenters.

 20 Nov 2024 10:03 PM   EconomicTimes

Majority of steel imports under FTAs, making any duty hike ineffective, says steel secy

India's steel industry is grappling with a surge in imports, primarily from countries with free trade agreements (FTAs). These duty-free imports constitute a significant portion of total steel imports, rendering tariff adjustments ineffective in curbing the influx. Despite increased demand, the surge in imports has led to a supply glut, impacting domestic steel producers.

 20 Nov 2024 09:45 PM   EconomicTimes

DPIIT finalises model city logistics plans for Delhi, Bengaluru to enhance urban freight efficiency

India developed model city logistics plans for Delhi and Bengaluru. The plans aim to enhance urban freight efficiency and reduce logistics costs. The initiative drew inspiration from international best practices, particularly from Japan and European countries. The plans aim to address congestion, pollution, and logistics costs.

 20 Nov 2024 09:42 PM   EconomicTimes

Insurtech sector attracted $2.5 bn funding, more investment to flow: Report

The Indian insurtech sector has raised over USD 2.5 billion and is expected to attract more investment due to significant growth opportunities, according to a report by Boston Consulting Group (BCG) and the India InsurTech Association (IIA). India is home to around 150 insurtech companies, including 10 unicorns and over 45 "minicorns," with revenue increasing 12 times in the past five years to reach USD 750 million.

 20 Nov 2024 09:37 PM   EconomicTimes

Need $120-bn investment to reach 300 mn tonne steel-making capacity by 2030: Steel Secy Sandeep Poundrik

India's steel secretary warned that the country needs $120 billion in investments to reach its 300 MT steel production target by 2030. With current capacity at 180 MT, an additional 120 MT is required. Without these investments and with rising demand, India could become a net steel importer by 2030.

 20 Nov 2024 09:08 PM   EconomicTimes

Project SPECS of WHO will soon be implemented in Assam

The World Health Organization (WHO) is partnering with Sri Sankaradeva Nethralaya (SSDN) to launch the SPECS project in Assam, India. This pilot program aims to provide comprehensive eye care services, focusing on refractive errors, in three districts. The initiative will leverage SSDN's community-based approach and serve as a model for WHO's global efforts to improve eye health.

 20 Nov 2024 08:55 PM   EconomicTimes

UP's solar-powered Jal Jeevan Mission to shine at Good Governance Conference in Raipur

Uttar Pradesh will present its innovative use of solar power in Jal Jeevan Mission projects at a national conference. With over 80% of these projects powered by solar energy, the state aims to serve as a model for others, showcasing cost-effectiveness and environmental sustainability.

 20 Nov 2024 08:49 PM   EconomicTimes

SC rules in favor of telcos, allows Cenvat credits on infrastructure duties

The Supreme Court gave a favorable decision for telecom companies. The court said that these companies can claim tax credits on telecom infrastructure. This includes things like towers and buildings. The decision could benefit companies like Bharti Airtel and Vodafone Idea. Experts believe this will encourage investment in the telecom sector.

 20 Nov 2024 08:39 PM   EconomicTimes

Aviation minister holds review meeting; asks airlines to inform passengers on flight delays

India's Civil Aviation Minister led a meeting on fog preparedness, urging airlines to proactively inform passengers about fog-related delays. Airlines were also instructed to fully staff check-in counters to minimize inconvenience during disruptions. Delhi airport will use its CAT III ILS system to aid low-visibility landings.