Business

April 29, 2020 7:56 AM

NLC India commences coal production at Talabira-II & III Opencast Coal Mine

NLC India has commenced coal production at its Talabira-II and III Opencast Coal Mine in Odisha. Tamil Nadu-based Navaratna company said its production last Sunday marked the entry of NLC India into the coal mining sector in the state.  The Talabira II and III coal mines were allotted to this Navrat...

April 28, 2020 5:39 PM

Global crude oil prices trade mixed on easing coronavirus restrictions

Global crude oil prices were trading mixed today, as optimism about the easing of coronavirus-related restrictions reassured markets, but traders remained cautious with storage capacities filling up fast and supply cuts not deep enough to counter falling demand. So Brent crude oil futures gained 41 ...

April 28, 2020 5:34 PM

Discoms owe Rs 92,693 cr to power producers in Feb 2020

Power distribution companies owed 92,693 crore rupees to power producers in February 2020, registering an increase of 31 per cent over the year-ago same month, according to portal Payment Ratification And Analysis in Power. In February 2020, the total overdue amount, which was not cleared even after...

April 28, 2020 5:23 PM

Indian startups attract USD 2.5 bn funding in Q1 2020

Indian tech-led startups attracted funding worth 2.5 billion dollars in the first quarter of 2020, a 14 percent rise compared to the same period last year, a report by research and consulting firm HexGn said. HexGn said the numbers are an early indication and there could be changes as more companies...

April 27, 2020 10:52 AM

Automobile giant Maruti Suzuki producing low cost ventilators in country

Maruti Suzuki, the Automobile giant is now spearheading the production of low cost ventilators in country and helping the government in the fight against COVID-19. The production is going on in Gautam Bhuddh Nagar of Uttar Pradesh where company is supporting Agva Healthcare, a start-up to scale-up v...

April 26, 2020 2:37 PM

Chemicals, Petrochemicals industry becomes top exporting sector for 1st time

India's chemical exports rose by 7 per cent to 2.68 lakh crore rupees during April-January period of the last fiscal, and became the top exporting sector in the country for the first time. Union Minister of Chemicals and Fertilizers DV Sadananda Gowda congratulated the chemicals and petroch...

April 25, 2020 9:04 AM

Country's foreign exchange reserves surge by over 3 billion dollars

Country's foreign exchange reserves surged by USD 3.09 billion to USD 479.57 billion in the week to April 17 due to an increase in foreign currency assets. According to the latest data from the Reserve Bank of India, in the reporting week ended April 17, foreign currency assets (FCA), a maj...

April 23, 2020 9:29 PM

Harvesting of pulses & potato completed in almost all states

The harvesting of pulses and Potato has been completed in almost all the States. Agriculture Ministry said, the status of wheat harvesting is also encouraging in the major wheat growing States.  About 99 per cent of wheat crop has been harvested in Madhya Pradesh, 90 per cent in Rajasthan, 78 per ce...

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