India Inc raises $2.22 b via ECBs in Feb vs $3.09 b in Jan

[ad_1] India Inc raised about 39 per cent less via the external commercial borrowing (ECB) route in February at $2.22 billion against $3.09 billion raised in January, per RBI data.However, during April-February 2023-24, ECBs to India witnessed a turnaround with...

Wheat procurement reaches near 1.5 million tonnes, up by 41%

[ad_1] Wheat procurement by the Food Corporation of India (FCI) for the Centre’s buffer stocks has reached 1.44 million tonnes (mt) - 41 per cent higher than 1.03 mt in the year-ago period. However, this year procurement began on March...

Post-poll, ration shops to get a ‘smart nutrition hubs’ makeover

[ad_1] The Indian government is planning a major facelift for ration shops. As part of the post-election five-year plan that all ministries have been asked to chalk up for the next government, the country’s 5.38 lakh fair price shops (FPS)...

India, Mauritius amend double taxation avoidance pact

[ad_1] The amendment of Double Taxation Avoidance Agreement (DTAA) by India and Mauritius signals a paradigm shift from promoting bilateral investment flows to preventing tax evasion.A Principal Purpose Test (PPT) has been incorporated in the agreement under which tax administration...

Commodity trading generated $100 billion in 2023 despite uncertainties, says McKinsey

[ad_1] Commodity trading generated over $100 billion EBIT (earning before interest and taxes) in 2023 despite commodity markets experiencing significant levels of uncertainty, managing consulting firm McKinsey and Company has said. The $100 billion translates to over $150 billion in...

India’s renewable energy sector achieves record capacity addition in FY24, led by solar power

[ad_1] The fiscal year that ended on March 31, 2024, proved to be a strong year for the country’s renewable energy sector. It achieved the highest-ever annual new capacity addition to the grid, spurred by the solar power segment, which...

Plexconcil’s annual event Plexconnect in Mumbai from June 7

[ad_1] The Plastics Export Promotion Council (Plexconcil), established by the Ministry of Commerce, will conduct PlexConnect 2024 exhibition during June 7-9 in Mumbai with total focus on exports, said Plexconcil Executive Director Sribash Dasmohapatra.Also read: Plastic industry using multi-pronged strategy...

Plexconcil’s annual event Plexconnect in Mumbai from June 7

[ad_1] The Plastics Export Promotion Council (Plexconcil), established by the Ministry of Commerce, will conduct PlexConnect 2024 exhibition during June 7-9 in Mumbai with total focus on exports, said Plexconcil Executive Director Sribash Dasmohapatra.“We are now organising the exhibition for...

Kochi Metro to do feasibility study for light trams

[ad_1] Kochi Metro Rail Ltd (KMRL) has planned to operate light trams in the city for which the company will conduct a feasibility study. The idea is to operate the service in the 6.2 km MG Road-Menaka-Park Avenue Road-Jos Junction-Thevara...

SC quashes ₹7,687-crore arbitral award against DMRC as ‘patently illegal’

[ad_1] The Supreme Court on Wednesday quashed an arbitral tribunal award directing the Delhi Metro Rail Corporation (DMRC) to pay ₹7,687 crore to Delhi Airport Metro Express Private Limited (DAMEPL), a special purpose vehicle of Reliance Infrastructure Limited and Spain’s...
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