SynopsisHe added that to strengthen its gas grid network and increase its capacity and reach to transport gas to neighbouring states and countries.APAssam Chief Minister Himanta Biswa Sarma asked Assam Gas Company Limited (AGCL) to enter into the business of setting up of electric vehicle charging stations in the state. He added that to strengthen…Continue Reading
SynopsisHospitality chains including Accor and Hyatt Regency confirmed a substantial pick-up in MICE enquiries and bookings over the past one month or so in tandem with a revival in leisure travel.AgenciesThese segments are likely to drive demand for MICE in 2022, said Puneet Dhawan, senior VP of operations at Accor India and South Asia.Big-ticket conferences…Continue Reading
SynopsisThe report, titled Innovations in Rural Economy, said India’s rural economy contributes to nearly half of the nation’s GDP and is growing steadily, supported by government and private sector improvements to the physical and digital infrastructure.AgenciesGovernment schemes such as the Agriculture Infrastructure Fund are attracting credit to build community farming assets and post-harvest agriculture infrastructure.Disruptive…Continue Reading
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10:25 A.M.Supriya Lifescience’s ₹700-crore IPOSupriya Lifescience Ltd, a manufacturer of active pharmaceutical ingredients, will open its ₹700-crore initial public offering (IPO) on December 16 with a price band of ₹265-274 per share. The bidding for anchor investors will open on December 15.The three-day IPO comprises fresh issue of equity shares worth ₹200 crore and an…Continue Reading
4:38 P.M.Gold rises ₹58, silver gains ₹175Gold prices rose by ₹58 to ₹47,039 per 10 grams in the national capital on Tuesday in line with gains in the precious metal in global markets, according to HDFC Securities. The metal settled at ₹46,981 per 10 gram in the previous trade.Silver also jumped ₹175 to ₹60,362 per…Continue Reading
4:34 P.M.Honda Motor sets up battery sharing subsidiary in IndiaJapanese auto major Honda Motor Co on Thursday said it has set up a battery sharing service subsidiary in India with a capital of ₹135 crore.The new subsidiary, Honda Power Pack Energy India Pvt Ltd, will offer battery sharing service for small mobility, which will accelerate…Continue Reading
2:20 P.M.India’s Tata in talks to set up $300 mln semiconductor assembly unitIndia’s Tata group is in talks with three states to invest up to $300 million to set up a semiconductor assembly and test unit, as part of the conglomerate’s push into high-tech manufacturing.Tata is talking to the southern states of Tamil Nadu, Karnataka…Continue Reading
4:15 P.M.Mindhouse raises $6 mn funding from Binny Bansal, othersCurative wellness platform Mindhouse on Friday said it has raised $6 million (about ₹44.5 crore), led by Flipkart co-founder Binny Bansal.Other investors include General Catalyst, Better Capital, Kwaish Capital, Anicut, and Mindhouse founders — Pooja Khanna and Pankaj Chaddah, according to a statement.3:25 P.M.Kerala got ₹3,600…Continue Reading
Today’s agenda:India, world’s third-largest energy consumer, has told oil producers, including the Organisation of Petroleum Exporting Countries (OPEC), that high crude prices will hasten the transition to alternate fuels and such rates will be counter-productive for the producers.Global oil refiners are said to be ramping up output to meet the rising demand in Asia, Europe…Continue Reading