BUSINESS
Tatas most trusted group amongst the investors: Poll
The poll which gauged the trustworthiness of various corporate groups has, however, found that entities like Hero, Jindal, RPG group and the rest of the corporate groups are trusted only by up to 5 per cent of total number of people interviewed. The Independent equity research initiative Equitymaster was carried out consisting of 17 of IndiaaYs most well-known corporate groups
Sify Technologies to set up data centres with 200 MW capacity
The new data centres will come up in Mumbai, Delhi and Bengaluru where the demand is expected to be more both for colocation and cloud space given the concentration of financial traffic. Entering the data centre market in 2000, Sify over the years has built and operates 10 carrier-neutral data centres, currently offering more than 70 MW at Vashi, Bengaluru, Chennai, Airoli, Noida, Rabale, Hyderabad and Kolkata.
India Ratings downgrades Ford India's ratings
According to India Ratings, the outlook is 'Stable' for Ford India which has announced its decision to stop car production in India. "The downgrade reflects the developing implications with respect to the operational and credit metrics of the entity post restructuring, the quantum of outflows on account of the restructuring, and the agreements with various stakeholders," India Ratings said.
Relief for consumers as fuel prices maintain stability
The oil marketing companies (OMCs) on Wednesday kept pump prices of petrol and diesel unchanged, the 17th consecutive day of no revision, as they preferred to wait and watch the global oil situation before making any revision in prices.
Private liquor vends in Delhi to remain shut from Oct 1 to Nov 16
During this time, only government liquor shops will function in the capital. There are total 849 liquor stores in Delhi, of which 276 are privately-run with the rest being operated by Delhi government agencies, an official said. Many liquor store owners have stopped purchasing new stock so as to exhaust their existing stock by the end of this month post which their shops will be closed.
First estimates put kharif food grain production at 150.5 mn tonnes
The estimate for crop production includes 107.04 MT rice, which is a record production figure, 34 MT nutri/coarse cereals, 21.24 MT maize, 9.45 MT pulses, and 4.43 MT tur while there is estimated production of 8.25 MT groundnut oil and 12.72 MT soyabean, an Agriculture and Farmers' Welfare Ministry statement said.
Aiming for $400 bn merchandise exports in FY 21: MoS Commerce
"The Ministry of Commerce has been taking various steps to facilitate agricultural exports, and initiatives have been taken to achieve merchandise exports worth $400 billion in financial year 2021-22," he said, while inaugurating the Vanijya Utsav in Kochi virtually. Vanijya Utsav is being organised in hybrid mode here as part of the Vanijya Saptah programme of the Ministry to commemorate Azadi Ka Amrut Mahotsav.
We have no policing authority over containers: Adani Group
As per the statement, on September 16, a joint operation by the DRI and Customs unearthed a large cache of contraband heroin from two containers from Afghanistan that had arrived at the Mundra International Container Terminal (MICT), Mundra Port. "We thank and congratulate the DRI & Customs teams for seizing the illegal drugs and apprehending the accused" Adani Group said.
India's agri, processed food exports rise over 21% YoY
According to the Directorate General of Commercial Intelligence and Statistics (DGCI&S) data, the overall export of the Agricultural and Processed Food Products Export Development Authority increased from $6,485 million in April-August 2020 to $7,902 million in April-August 2021.
Gautam Adani says on track to be the world's largest renewable generating company
"We have done this in just two years and our Renewables Portfolio has reached our initial target of 25GW a full four years ahead of schedule. This puts us well on track to be the world's largest renewable power generating company by 2030. This also opens up several new pathways for us including setting us up to be one of the largest green hydrogen producers in the world", Adani said.
Don't Miss
Advertisement