Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr
Rudrapur: From power Back-up solutions to Batteries and Solar applications, Luminous Power Technologies on Thursday announced the launch of its state-of-the-art solar panel manufacturing facility here. In the first phase, the company has made an investment of Rs 120 crore in the solar panel manufacturing factory with a production capacity of 250 MW. Luminous […]
Current Account deficit moderates at $ 10.5 bln or 1.2 pc of GDP in Q3
New Delhi: India’s current account balance recorded a deficit of USD 10.5 billion, or 1.2 percent of the GDP, in the third quarter (October–December) of the current financial year 2023–24, showing a moderate improvement from the previous quarter as well as the same quarter in the previous year. According to data released by the Reserve […]
Adani Ports acquires Gopalpur port in Odisha for Rs 3,080 cr
New Delhi: Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said that it has entered into a definitive agreement to purchase a 56% stake in the SP Group and 39% of Orissa Stevedores Limited (OSL) in Gopalpur Port Limited (GPL). “The acquisition is made at an enterprise value of Rs 3,080 crore, and […]
Rupee rises 4 paise against USD
Mumbai: The rupee on Wednesday gained four paise at 83.01 against USD on the sale of the US dollar by bankers and exporters, dealers at the Foreign Exchange said. The local unit improved because of the weak dollar against other world currencies amid a rebounding equity market in opening trade. The rupee recorded intraday highs […]
Dr Reddy’s Laboratories launches Versavo in UK
Hyderabad: Dr Reddy’s Laboratories Limited, a global pharmaceutical company announced the launch of Versavo (bevacizumab) in the United Kingdom (UK). Dr Reddy’s Versavo is a (bevacizumab) biosimilar of Avastin 1 and indicated for the treatment of several types of cancers, including metastatic colorectal cancer, advanced non-squamous non-small cell lung cancer, recurrent glioblastoma, metastatic renal cell […]
Rupee eases 1 paisa against USD
Mumbai: The rupee on Tuesday fell marginally by one paisa to 82.94 against the USD on rising demand for the US dollar by bankers and importers, dealers at the Foreign Exchange said. The rupee recorded intraday highs and lows at 82.92 and 82.98, respectively, the dealer added.
Merchandise Exports at $41.40 bn in Feb, highest in FY 2023-24
New Delhi: India’s merchandise exports soared to USD 41.40 billion in February 2024, an increase of 11.86 per cent over USD 37.01 billion in the same month last year, mainly on good performance by the engineering and electronic goods and petroleum products among others. This is highest monthly merchandise exports, in the current fiscal […]
Sensex improves 78 pts
Mumbai: The BSE Sensex gained 78 points in the opening session on Thursday, following gains in financial services, FMCG, industrials, and Bankex stocks. The Nifty of the National Stock Exchange (NSE) rose 40.15 points to 22037.85. The Sensex registered intraday highs and lows at 72864.52 and 72497.19 pts, respectively. The Nifty registered intraday highs and […]
Rupee falls marginally by 1 paisa against USD
Mumbai: The Rupee on Tuesday eased one paisa to close at 82.78 against USD on rising demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said. The local unit rose 3 paise at 82.74 in opening trade and finished at 82.78, declining by one paisa as compared to its previous close. […]
Popular Vehicles & Services IPO of Rs 600 cr
Mumbai: Popular Vehicles and Services will come out with an initial public offering (IPO) to raise Rs 600 crore. The company has fixed price band in the range of Rs 280 to Rs 295 per equity share of the face value of Rs two. The issue will open for subscription on March 12 and will […]