Govt may consider giving agri subsidies via direct benefit transfer: Shivraj Singh Chouhan
New Delhi, Jan 27 (PTI) The government is trying to bring policy-level changes for simplifying agriculture, Union Minister Shivraj Singh Chouhan on Monday said and indicated that providing subsidies on fertiliser, seed and farming equipment through direct benefit transfer could be considered in the future. In an interaction with farmers,
Battle for Control: Danny Gaekwad moves to seize 55 per cent stake in Religare, writes to REL Board on competing offer
Florida-based businessman Danny Gaekwad has written to the Board of Religare Enterprises Ltd (REL) conveying his intent to launch a competing offer to the Burman Group’s open offer, which opened on Monday. The letter, received by REL on Monday, follows Gaekwad’s communication to SEBI Chairperson on Sunday, in which he
Tata Steel Q3 PAT declines 43% to ₹295 crore
Tata Steel Ltd. reported a 43% decline in third-quarter consolidated net profit to ₹295 crore compared with ₹522 crore in the year-earlier period. Consolidated sales income dropped 3% year-on-year to ₹54,231 crore. On a standalone basis, the company’s net profit for the quarter declined 17% to ₹3,879 crore from
Hydrogen Fuel Cell train set from ICF to be launched by March
The Integral Coach Factory (ICF) is working on its flagship project for the Hydrogen Fuel Cell train set. Hydrogen fuel cell coaches are currently under production at ICF. The train set is likely to be turned out by March, said U Subba Rao, GM, ICF. In his Republic Day speech
Sugar crushing season may end early on sugarcane shortage in Maharashtra, Karnataka
Despite a late start, the ongoing sugarcane crushing season for the year 2024-25 will likely be curtailed early in Maharashtra and Karnataka for want of sugarcane for crushing. Sugar cane production is estimated lower during the current season as the yield has been affected by pest infestation and water stress
Canara Bank posts 12% increase in Q3 net profit
Canara Bank on Monday reported 12.25% year-on-year growth in net profit for the third quarter ended December 31, 2024 at ₹4,104 crore. During Q3, the bank’s operating profit grew 15.15% to ₹ 7,837 crore. Its domestic deposit stood at ₹12,57,426 crore, a 7.76% year-on-year increase. Domestic advances (gross) stood at
India’s wheat procurement unlikely to be hit by higher market price
Despite wheat prices ruling high currently in the market, the government is optimistic about good procurement when the rabi marketing season begins. It is view is based on the 2023-24 purchases, which was 40 per cent higher than the previous season despite higher inflation of 17 per cent just before
Indian Oil Corporation Q3 Results: IOC posts record fuel sales but inventory losses tank Q3 profit by 64%
A view of the Indian Oil Corporation terminal. Photo used for representation purpose only. | Photo Credit: G.N. Rao Indian Oil Corporation (IOC), the nation’s biggest oil firm, on Monday (January 27, 2025) reported a 64% drop in its December quarter net profit as inventory and foreign exchange losses eroded
FrieslandCampina Selects Wipro to Transform their IT Operations
Amersfoort, Netherlands & Bengaluru, Karnataka, India: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced that it has been selected by FrieslandCampina, a global dairy company with over 150 years of heritage, as their trusted strategic
Kinaxis Announces Co-Development Partnership with University of Ottawa
Ottawa, Ontario, Canada: Kinaxis® (TSX:KXS), a global leader in end-to-end supply chain orchestration, today announced a partnership with the University of Ottawa (uOttawa) to co-innovate on technologies that power supply chain applications. The 5-year partnership will develop relevant and strategic innovation within AI/ML, optimization and