Business

• ED Summons Anil Ambani for Questioning Again in Money Laundering Case on Nov 14
  
  The Enforcement Directorate (ED) has summoned Reliance ADAG Group Chairman, Anil Ambani, again on November 14 for questioning in the money laundering case against the conglomerate, according to sources.The development comes close on the heels of ED provisionally attaching...
• NHAI to Roll Out Automatic Tolling with High Speed Cameras on Chennai-Bengaluru, GST Roads
  
  In a major infrastructure upgrade aimed at eliminating traffic snarls at toll plazas, the National Highways Authority of India (NHAI) is set to introduce a camera-based automatic toll collection system on key stretches of the Chennai-Bengaluru National Highway and GST...
• India's Services PMI Stands at 58.9 in Oct, Firms Confident of Rise in Business Activity
  
  India's services Purchasing Managers' Index (PMI) stood at 58.9 in October as data still showed substantial, expansions in services output and new business, the data showed on Thursday.The seasonally adjusted HSBC India Services PMI Business Activity Index was comfortably...
• Panel Formed to Finalise New Wage Pact for TN'S Tiruppur Knitwear Workers
  
  All associations representing manufacturers and exporters in the knitwear sector in Tiruppur, Tamil Nadu, have come together to form a joint committee to negotiate a new wage agreement with trade unions.The decision follows the expiry of the previous four-year wage pact,...
• Odisha to Emerge as Gateway of Eastern India in Maritime Trade Sector: CM Majhi
  
  Chief Minister Mohan Charan Majhi on Wednesday inaugurated the historic Bali Jatra festival in Cuttack, stating that the state government is making concerted efforts to ensure that Odisha emerges as the gateway of Eastern India in the maritime trade sector in the coming...
• Adani Energy Solutions to supply 60 MW green energy to textile manufacturer RSWM
  
  RSWM, one of India's leading textile manufacturers, on Wednesday said it has signed an agreement with Adani Energy Solutions Ltd (AESL), for the supply of 60 MW of renewable energy.Adani Energy Solutions will manage the entire green power value chain for the additional...
• Mumbai Monorail Tilts During Test Run: MMOCL Terms Incident 'minor' Urging Citizens Not to Panic
  
  Mumbai, Nov 5 (IANS) A Mumbai Monorail rake derailed on Wednesday morning outside its car depot in Wadala at around 9.30 AM when a newly-delivered monorail rake, manufactured by Medha Servo Drives, was undergoing a trial run near the depot. The train was being moved from...
• India, Portugal Review Ties, Agree to Expedite Discussions for Conclusion of Pacts
  
  India and Portugal held the fifth round of Foreign Office Consultations in Lisbon and reviewed the entire gamut of bilateral relations, including political relations, trade and economic cooperation, cultural ties and people-to-people connect.During the meeting, the...
• Bitcoin Tumbles below $100,000 amid Global Market Sell-off
  
  Bitcoin prices fell sharply on Wednesday, briefly dipping below the $100,000 mark amid heavy selling in the spot market.The fall came as part of a broader global sell-off in risk assets, with investors increasingly worried about overvalued markets and fading risk...
• India's Infra Investment Trust Market Likely to Touch RS 21 Lakh Crore by 2030
  
  India's infrastructure investment trust (InvIT) market is projected to reach Rs 21 lakh crore by 2030, fuelled primarily by infrastructure investment requirements, a report said on Wednesday.Asset management firm Client Associates (CA), in a white paper, said that the...
• 60 PC Gen Z, Fresh Graduates Keen on Upskilling, Learning AI and Data Skills in India: Report
  
  Generation Z and fresh graduates are leading the skilling ecosystem in India, with a majority of them actively learning artificial intelligence and data skills, according to a report on Wednesday.The report by Deel, a global payroll and compliance platform, is based on a...
• Time for India to have dedicated long-term gold policy: SBI
  
  The State Bank of India (SBI) Research on Wednesday called for a comprehensive long-term policy on gold, highlighting the need to define gold's role in the economy -- whether as a commodity or as money -- and how it is perceived by Indian consumers.In a report authored by...
• SoftBank shares plunge over 13 pc amid AI stock sell-off
  
  Shares of Japan's SoftBank Group tumbled more than 13 per cent on the Tokyo Stock Exchange on Wednesday, as a broader sell-off in technology stocks hit investor sentiment.The sharp fall followed Tuesday's 7 per cent decline, wiping out nearly $50 billion in SoftBank's...
• Gold Prices Dip as Strong Dollar, Weak Global Sentiment Weigh on Bullion
  
  Gold prices remained under pressure on Wednesday after witnessing their sharpest decline in over a week, as investors weighed the recent strength of the US dollar against a broader risk-off sentiment across global markets.Spot gold hovered around $3,940 per ounce after...
• LG Electronics Plans to Shift Capital Goods Production to India; LG Corp to Invest RS 1,000 Crore in Noida R&D Centre
  
  Korean multinational LG Electronics is planning to move the production of some of its newer capital goods businesses to India.These capital goods are used for setting up factories that produce electronic products, displays, and high-tech components.The shift is expected to...
• Indian Stock Markets Closed on Nov 5 for Guru Nanak Jayanti; Trade to Resume Tomorrow
  
  The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) remained closed on Wednesday on account of Prakash Gurpurb Sri Guru Nanak Dev, also known as Guru Nanak Jayanti.Trading across segments, including equities, derivatives, securities lending and borrowing...
• Imported car sales rise 13.2 pc in Oct in S. Korea on Tesla, German models
  
  Sales of imported vehicles in South Korea jumped 13.2 per cent in October from a year earlier, helped by solid demand for Tesla and German vehicle models, industry data showed on Wednesday.The number of newly registered imported cars reached 24,064 units last month, up from...
• India, New Zealand Looking at Things Afresh for Win-win Solution in Trade Talks
  
  Commerce and Industry Minister Piyush Goyal said on Wednesday that India and New Zealand were looking at things afresh and taking into account each other's sensitivities in the ongoing negotiations to conclude a Free Trade Agreement (FTA)."We are going beyond tariffs and...
• HM Amit Shah Congratulates Amul, IFFCO for Landmark Achievement among World Cooperatives
  
  It is a testament to the boundless potential of the cooperatives, Union Home Minister and Minister of Cooperation, Amit Shah, congratulated daily giant Amul and Indian Farmers Fertiliser Cooperative Limited (IFFCO) for occupying the first two ranks among the top 10...
• Look Forward to Expediting Process for Free Trade Pact with New Zealand: Piyush Goyal
  
  Commerce and Industry Minister Piyush Goyal said on Wednesday he was set to review the progress of the ongoing free trade agreement (FTA) negotiations with New Zealand.Goyal reached New Zealand for talks on the proposed FTA between the two countries."Delighted to be in New...
• India 2nd in consumer demand of gold globally, RBI reserves rise to 880 tonnes
  
  Total consumer demand of gold in India increased to 802.8 tonnes in 2024, which is 26 per cent of the global gold demand taking India at second rank, next just to China with consumer demand of 815.4 tonnes, according to an SBI Research report on Wednesday.Domestic supply of...
• India Invites Romanian Firms to Join Its Dynamic Manufacturing, Innovation Ecosystem
  
  Minister of State for Commerce and Industry, Jitin Prasada, highlighted India's position as one of the fastest-growing major economies, inviting Romanian enterprises to participate in India's dynamic manufacturing and innovation ecosystem under the 'Make in India' and...
• India Invites Romanian Firms to Join Its Dynamic Manufacturing, Innovation Ecosystem
  
  Minister of State for Commerce and Industry, Jitin Prasada, highlighted India's position as one of the fastest-growing major economies, inviting Romanian enterprises to participate in India's dynamic manufacturing and innovation ecosystem under the 'Make in India' and...
• Polluted Water Suspected as Samba Paddy Withers in TN'S Thiruverumbur
  
  Samba paddy cultivated across nearly 500 acres in several villages of the Thiruverumbur block -- particularly in Vengur and Pazhanganankudi -- in the Tiruchi district of Tamil Nadu has withered, triggering serious concern among local farmers. Preliminary assessments by...
• India Sends 1ST Consignment of Fortified Rice Kernel from Chhattisgarh to Costa Rica
  
  India has sent the first export consignment of 12 metric tonnes of Fortified Rice Kernel (FRK) from Chhattisgarh to Costa Rica, said the Ministry of Commerce and Industry, on Tuesday.The initiative led by the Agricultural and Processed Food Products Export Development...

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