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Press Trust of India (PTI)
Press Trust of India (PTI)

Press Trust of India (PTI) is India's premier news agency.

Articles693

NCLT recalls order on Zee-Sony merger, allows withdrawal of scheme

2 min read
The bench observed the parties have "mutually consented" to withdraw the scheme on account of the settlement agreement

Oil India to invest ₹25,000 crore for net zero emissions by 2040

3 min read
The company also plans to lay an 80-kilometer pipeline to bring natural gas from fields in Arunachal Pradesh to Assam

Govt's subsidised onion sale brings relief, prices drop in major cities

2 min read
The wholesale disposal of onions has already commenced in Delhi, Mumbai, and Chennai, with plans to extend to Hyderabad, Bengaluru and Kolkata and eventually all state capitals

Duty hike on crude, refined oils to hugely benefit farmers: Official

3 min read
Basic customs duty on refined palm, soybean and sunflower oil has been hiked from 12.5 percent to 32.5 percent

Microsoft Corp India buys another land in Pune for ₹453 crore

2 min read
In 2022, the company also acquired a 25-acre plot in Pimpri-Chinchwad for ₹328 crore

Domestic air traffic rises 5.7% to 1.31 crore in Aug: Official data

2 min read
In August, IndiGo's market share rose to 62.4 percent and that of Air India climbed to 14.7 percent

India's forex kitty jumps $5.25 billion to a fresh high of $689.24 billion

1 min read
Gold reserves increased by $129 million to $61.988 billion during the week, the RBI said

India's bioeconomy reaches valuation of $151 billion, contributes 4.25% to GDP: Report

4 min read
The biopharma sector also saw impressive growth, contributing USD 53.8 billion, or 35.65 percent, to the bioeconomy

NLCIL to invest ₹50,000 crore to ramp up renewable capacity

1 min read
India is committed to a low-carbon emission path while pursuing its development goals, as pledged at COP 26

Food ministry inks pact with FCI to boost grain operation efficiency

1 min read
Established in 1965, FCI handles the purchase, storage, transport, distribution, and sale of foodgrains

Govt mandates use of fire-resistant upholstery fabrics in non-domestic furniture

2 min read
QCOs are part of the government's broader strategy to ensure the quality and safety of critical products (Representative Image)

India cannot become developed nation with 'backward agriculture,' says Bayer South Asia Prez

4 min read
Wiebusch said India was increasingly digitizing regulatory processes and prioritizing innovative compounds

Markets take a breather after record rally; settle marginally lower in volatile trade

3 min read
The NSE Nifty surged 470.45 points or 1.89 percent to settle at a record closing high of 25,388.90

Competition Comm selects Management Development Institute to conduct market study on AI

1 min read
CCI has selected the Management Development Institute Society (MDIS) to examine various aspects of artificial intelligence and competition

India's growth outlook reflects underlying strength of macro-fundamentals, says RBI Governor

4 min read
For 2024–25, the Reserve Bank of India (RBI) has projected the real GDP growth at 7.2%, with risks evenly balanced around this forecast

55% of office space demand in top 8 cities for area up to 1lakh sq ft: Report

2 min read
Flexible workspaces remain vital, providing adaptability and cost savings for sectors such as third-party IT services and startups

India extends anti-subsidy duty on Chinese chemical for 5 years

2 min read
The finance ministry has imposed a duty of up to 11.94% on the product

Singapore govt, 2 others buy PNB Housing Fin shares worth ₹178 crore

1 min read
After the share sale, Asia Opportunities V (Mauritius) shareholding in PNB Housing Finance has come down to 4.57% from 5.19%

FinMin modifies compounding rules for offences under FEMA

2 min read
In a statement, the Finance Ministry said the Foreign Exchange (Compounding Proceedings) Rules, 2024, will replace the Rules issued in 2000

Retail inflation inches up marginally to 3.65% in Aug

3 min read
The overall inflation in the food basket was at 5.66 percent, marginally higher than 5.42 percent in the preceding month

Air travel has become inclusive, affordable in India: PM Modi

3 min read
The sector creates highly skilled jobs, Modi said and stressed the women-led development of the aviation segment

DNA Wellness to invest ₹200 crore to set up over 100 cervical cancer screening labs

2 min read
Cervical cancer is a leading cause of cancer-related deaths among women in India

India to drive 20% of global economic growth in next decade: Kant

2 min read
India needs several champion states to drive future growth, Kant said

India, China discuss civil aviation cooperation; resumption of direct flights

2 min read
Currently, there are no direct flights between India and China. The services stopped at the time of the coronavirus pandemic

India's domestic steel consumption to see 9-10% growth in FY25: ICRA

2 min read
For the last three years, the steel sector is going through the fastest period of growth witnessed since the global financial crisis

Maruti Suzuki targets to sell 6 lakh CNG units this fiscal, says official

2 min read
In the April-August period this fiscal, the auto major has so far sold 2.21 lakh units

JSW Steel consolidated crude steel output rises marginally to 23.16 lakh tonnes in August

1 min read
From its India operations, the company produced 22.49 LT of steel in August, up two per cent over 22.15 LT in the year-ago period

Trai, DoT jointly disconnect over 1 crore mobile phone connection

2 min read
The Department of Telecom has blocked 2.27 lakh mobile handsets for their involvement in cybercrime and financial fraud

Vedanta Resources raises $900 million to prepay loans

3 min read
This is the first US dollar bond issued by Vedanta since February 2021

Niti Aayog group pitches for a separate law to tackle future public health crisis

4 min read
PHEMA can address various aspects beyond epidemics, including non-communicable diseases, disasters, and bio-terrorism, the report said

PM Modi pitches India to chip makers, talks of supply chain resilience

2 min read
PM Modi said investment of over ₹1.5 lakh crore has already been committed in semiconductor manufacturing (PTI Photo)

India's consumption loan portfolio expands 15% to ₹90 lakh crore in FY'24: Report

3 min read
Auto loans grew by 20% YoY in FY24, compared to 22% in FY23

Climate change issue imminent, need to focus on new areas like Green Hydrogen: PM Modi

5 min read
PM Modi believes that energy transition and sustainability have become central to global policy discourse

India's own 4G stack to be rolled out by mid-2025: Scindia

2 min read
Scindia, Minister of Communications, said that it is important not only to implement technology but also to design and develop indigenous technology

Uber reintroduces upscale category 'Uber Black' starting with Mumbai

1 min read
Uber, an American multinational company that offers ride-hailing services, was launched in India in 2013

PhonePe, Liquid Group partner to expand UPI QR payment service in Singapore

2 min read
The collaboration will allow PhonePe users travelling to Singapore to scan and pay using the app at Liquid Group's merchant base

Gensol-Matrix to set up India's first green hydrogen valley project in Pune

1 min read
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IndiGo pays reduced ₹70 lakh fine to BCAS over Mumbai airport incident in January

2 min read
The regulator BCAS had imposed a fine of ₹1.2 crore on the airline on January 18 for the incident that happened on January 14

Court convicts 64-year-old woman for failing to pay fine imposed by SEBI in 2012

2 min read
While the 64-year old had violated rules of stock market trading in 2005, the court's order came on September 4, ten years after the prosecution was launched for non-compliance

RBI penalises Axis Bank, HDFC Bank for deficiencies in regulatory compliance

3 min read
A penalty of ₹1 crore has been imposed on HDFC Bank for non-compliance with certain directions on 'interest rate on deposits', 'recovery agents engaged by banks' and 'customer service in banks'

Reliance Retail establishes 50:50 joint venture with Israel's Delta Galil

2 min read
Reliance Retail on Tuesday announced a joint venture with Delta Galil Industries, an Israel-based global manufacturer of branded and private label innerwear

No highway fee up to 20-km for vehicles with global navigation satellite system

3 min read
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Competition Comm clears Tata Motors Finance-Tata Capital merger

2 min read
In FY24, TCL and TMFL reported a profit after tax of ₹3,150 crore and ₹52 crore respectively

India for stricter Rules of Origin in auto sector under India, UK trade agreement

4 min read
The two countries are also negotiating a bilateral investment treaty (BIT)

RBI slaps penalty on Axis Bank, HDFC Bank

1 min read
A penalty of ₹1 crore has been imposed on HDFC Bank and of ₹1.91 crore on Axis Bank

Government working on policy for scrappage of vehicles based on pollution, not age: Official

2 min read
Jain lauded the automobile industry for its support to the current vehicle scrappage policy by offering discounts of up to 3 per cent on new purchases for old scrapped vehicles

Equity mutual funds attract ₹38,239 crore in Aug; SIP hits fresh high at ₹23,547 crore

4 min read
The mutual fund industry has witnessed an inflow of ₹1.08 lakh crore in August as compared to ₹1.9 lakh crore in July

One in 13 unconnected small village gained access to power under India's electrification programme

4 min read
Electrification remains a key pillar of global poverty alleviation efforts, with nearly a billion people worldwide still lacking access to electricity

Maruti Suzuki eyes significant scale-up in exports by 2030

3 min read
Last month Maruti Suzuki commenced export of its sports utility vehicle Fronx to Japan

Ram Temple construction in Ayodhya likely to generate ₹400 crore GST: Champat Rai

2 min read
Situated on the banks of the Narmada River, Bakawa is famous for the construction of beautiful Shivlings, which are consecrated in temples across the world

Govt to begin farmer registration for Aadhaar-style IDs from October; targets 5 crore by March

2 min read
Once the farmers' registry is created, an "Aadhaar-like unique ID" will be provided to each registered farmer (Representative Image)

India needs ₹30 lakh crore investment for 500 GW renewables by 2030

2 min read
This is the first RE-INVEST to be held in Gujarat (Representative Image)

Govt will proactively look at bilateral flying rights but need to promote Indian airlines: Naidu

2 min read
India is one of the world's fastest-growing civil aviation markets (Representative Image)

Union Bank of India becomes first major Indian Bank to sign PCAF

2 min read
Union Bank of India has become the first major Indian bank to sign the Partnership for Carbon Accounting Financials (PCAF)

Kross IPO receives 88% subscription on Day 1 of offer

2 min read
The issue, with a price band of Rs 228-240 per share, will conclude on September 11

Tolins Tyres' IPO gets fully subscribed

2 min read
Tolins Tyres Ltd. on Friday announced that it has mopped up Rs 69 crore from anchor investors

Nazara Tech gains 3% on acquiring over 48% stake in Paperboat for ₹300 crore

2 min read
Nazara Technologies shares rose up to 3.26% to hit an intraday high of ₹949.95 per share on NSE on Monday.

Auto industry contributes 14-15% to total GST, crosses ₹20 lakh crore mark in FY24: SIAM President

4 min read
The auto industry will contribute more and more to the GDP of the country from the current level of around 6.8%

Deep Industries surges nearly 18% after winning order worth ₹1,402 crore from ONGC

2 min read
Deep Industries’ order book at the end of June 30, 2024, stood at ₹1,246 crore.

Suzlon bags India's largest wind energy order of 1,166 MW from NTPC Green Energy

2 min read
This order win takes Suzlon's cumulative order book to around 5 GW as of September 3, 2024

Cash-strapped Pakistan faces unprecedented financial crisis, warns Princeton economist

4 min read
Another commentator noted that Pakistan heavily relies on the generosity of external benefactors and seems unwilling to make the tough decisions necessary to revive its economy

Highways ministry forms experts panel for technical review of tunnel projects

2 min read
The Ministry of Road Transport and Highways has formed a panel for technical review of tunnel projects

Nykaa appoints Sukhleen Aneja to drive Kay Beauty biz

1 min read
Launched in 2019, Kay Beauty is a celebrity makeup brand co-created by Nykaa and Katrina Kaif

Majority of Indian districts need to calibrate infra to mitigate climate impact: ESRI India

3 min read
The study has recommended the establishment of a Climate Risk Observatory (CRO)

IIT, Airbus India ink pact for global training centre in Guwahati

3 min read
The partnership plans to co-curate long-term courses in the later phase

Malaysia Airlines plans to connect more non-metro cities in India

2 min read
Currently, Malaysia's national carrier operates daily flights to Delhi, Mumbai, Bengaluru, Amritsar, Chennai, Hyderabad and Kochi

Spicejet plans to raise over Rs 3,200 crore via debt, equity

2 min read
The funds will be utilised in fleet ungrounding, liability settlement, new fleet induction and other general purposes, SpiceJet said in the presentation

Swiggy launches Incognito Mode for private ordering of food

2 min read
Available on both Swiggy Food and Instamart, Incognito Mode ensures that users can place orders and keep their selections private

Mumbai college rejected him, Adani built $220 billion empire; delivers lecture at same college

5 min read
Mumbai was Adani's training ground for business as he learned to sort and trade in diamonds (PTI Photo)

ISA, MIGA set up multi-donor trust fund to support solar projects

2 min read
ISA has committed a seed funding of $2 million, with a target to raise $10 million for the facility

Investors become poorer by ₹4.12 lakh crore during morning trade as markets slump

2 min read
Falling for the third day running, the 30-share BSE Sensex tanked 896.7 points or 1.09% to 81,304.46 during the morning trade.

There will be no impact on India-US bilateral relationship post-election, says think tank expert

5 min read
The key signature elements of the Biden administration have been the Indo-Pacific Strategy and Quad

US pension funds to visit India next week for investment opportunities

2 min read
Hankey said the US pension funds have directly or otherwise invested over USD 50 billion in India, while the Development Finance Corporation has invested another USD 4 billion.

Renewable energy sector to provide momentum to Indian economy: Pralhad Joshi

3 min read
Union Minister Pralhad Joshi on Thursday said the rapidly growing renewable energy sector will provide momentum to the Indian economy in the years to come.

PM Modi asks Singapore business leaders to look for investment opportunities in India

3 min read
Modi said India would be requiring more than 100 new airports and more airline companies to meet the rising domestic traffic.

Max Financial Services' promoter sells 3.18% stake for ₹1,218 crore

1 min read
Shares of Max Financial Services Ltd fell 1.42% to close at ₹1,117.25 apiece on the NSE.

Singapore, India to leverage each other's strengths in semiconductor and digital tech

4 min read
In a Facebook post on Thursday, Wong noted the "deep and enduring friendship" that both countries share is "built on strong economic and people-to-people ties".

Electric vehicle makers no longer need to be subsidised by govt: Gadkari

3 min read
FAME 3 will replace the temporary Electric Mobility Promotion Scheme (EMPS) 2024, which is set to expire in September (PTI Photo)

Sensex, Nifty extend losses into 2nd session as Reliance, Airtel drag

3 min read
In the broader market, the BSE smallcap gauge climbed by 0.56%, and the midcap index rose by 0.27% (PTI Photo)

Govt starts discounted onion sale at ₹35 per kg in Delhi-NCR, Mumbai

2 min read
Currently, retail prices of onion are ruling over ₹60 per kg, depending on the quality and locality in the national capital (PTI Photo)

India-EFTA trade pact; Swiss Federal Council begins ratification process

3 min read
The trade deal provides for eliminating customs duties for almost 98% of the imports from India

India to become one of top five markets for Maybach brand: Mercedes

2 min read
The Maybach EQS 680 SUV starts at ₹2.25 crore onwards

Meesho enable 8.5 lakh seasonal jobs ahead of festival season, mostly in tier-3, tier 4 regions

2 min read
Meesho's sellers have hired 5 lakh seasonal workers as part of their requirements for the festive season, the company statement said

Government to soon launch 'INDIAsize' initiative in a bid to standardise Indian body measurements

2 min read
The Ministry of Textiles sanctioned the INDIAsize project to develop standard body sizes for the Indian apparel sector to address the prevailing disparities and inconsistencies in provided fits

Major cities witness 25 ultra-luxury home sales in Jan-Aug for ₹2,443 crore: Data

2 min read
Mumbai has witnessed maximum sales of 21 ultra-luxury housing units collectively worth ₹2,200 crore

India on sustainable growth path as fundamental drivers of economy gaining momentum: RBI Guv Das

2 min read
While acknowledging that headline inflation matters, Das said the balance between inflation and growth is well-poised

Capital Group's arm sells 5.6% stake in Mastek for ₹475 crore

1 min read
Mastek announced a strategic partnership with Onyx Health, an innovator in healthcare interoperability solutions.

ASCI board appoints Partha Sinha as Chairman, Sudhanshu Vats as Vice-Chairman

2 min read
The appointments were made after the Annual General Meeting, which was held on Wednesday

Need to bring startups to boost green hydrogen, says renewable energy minister

4 min read
The event is to further green hydrogen mission for which the government had allocated ₹19,744 crore.

Suzlon monetises non-core assets worth ₹440 crore, sells headquarters to 360 ONE

2 min read
Suzlon Group announced the disinvestment of its corporate headquarters One Earth.

Gold slumps ₹450 to ₹73,600 per 10 gram; silver plummets ₹1,650

1 min read
Gold of 99.5% purity also plunged by ₹450 to ₹73,700 per 10 grams.

Finance ministry relaxes norms for expenditure exceeding ₹500 crore to give boost capex

2 min read
Finance Minister Nirmala Sitharaman in the Budget proposed to raise the capital expenditure target by 11.1% to record ₹11.11 lakh crore for 2024-25

Approximately 50% Gen Z prefer solar solutions, followed by Millennials at 46%, says survey

2 min read
In terms of accessibility, the survey revealed that 28 per cent of baby boomers consider solar energy solutions inaccessible

Alpex Solar to double PV module capacity to 2.4 GW by FY26

2 min read
The company intends to set up a new line of solar cells with a capacity of Gigawatt range at the greenfield Kosi Kotwan plant.

Natco Pharma acquires 40 million shares in eGenesis Inc for USD 8 million

2 min read
eGenesis is advancing development programs for kidney transplants, acute liver failure and heart transplants

Bajaj Housing IPO to open next week, more 'upper layer' NBFCs expected to follow suit 

4 min read
The three NBFCs that are likely to float public issues are Tata Capital Financial Services, HDB Financial Services (NBFC arm of HDFC Bank), and Aditya Birla Finance

PDRL launches advanced SaaS platform BhuMeet to connect farmers, drone service providers

1 min read
BhuMeet—India's first SaaS platform for connecting drone service with farmers—will play a vital role in modernising agriculture across the nation

Rupee rises 2 paise to 83.96 against US dollar

1 min read
Brent crude, the international oil benchmark, declined 0.62% to 73.29 in futures trade.

India's services sector activity hits 5-month high in Aug on uptick in new work orders

3 min read
In the PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction

ECOS Mobility shares jump over 17% in market debut

1 min read
The IPO had a price range of ₹318-334 a share