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New Delhi
ATL has received the LoI from MSETCL to build, own, operate and maintain a transmission project in Maharashtra for a period of 35 years, a company statement said.
Adani Transmission gets LoI for project in Maharashtra
14 Dec 2019 3:56 PM

According to the statement, this will be Adani Transmission's first ever 400 kV substation facility in Mumbai.

"We have lowered our 2019 gross domestic product (GDP) growth forecast for India to 5.6 per cent, which is lower than 7.4 per cent growth in 2018," Moody's said in a report.
Moody's cuts India's GDP growth forecast to 5.6 pc for 2019
13 Dec 2019 1:51 PM

Moody's expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively.

Among districts, the funds were released to about 4.72 lakh farmers in Anantapur, 4.05 lakh in Kurnool, 4 lakh in East Godavari, 3.89 lakh in Guntur, 3.75 lakh in Chittoor, 3.48 lakh in Prakasam, 3.22 lakh in West Godavari and 3.04 lakh in Krishna so far.
Centre releases PM-KISAN funds to 43.20 lakh Andhra farmers till Nov
12 Dec 2019 1:22 PM

As per the agriculture ministry data, the central government has released funds to 43.20 lakh farmers.

FADA President Ashish Harsharaj Kale said agriculture produce has now started trickling into the markets after the extended monsoon season, which is contributing towards the uptick in semi-urban and rural markets.
Passenger vehicle retail sales up 1 per cent in November: FADA
11 Dec 2019 4:52 PM

Total sales across categories rose 2 per cent to 21,05,508 units in November as against 20,54,296 units in the same month last year.

Spot gold for 24 karat was trading down by Rs 73 in Delhi on a stronger rupee against dollar, HDFC Securities Senior Analyst (Commodities) Tapan Patel said. (Photo: Representational)
Gold falls Rs 73, silver slides by Rs 89
11 Dec 2019 4:07 PM

In the international market, gold was trading at USD 1,464.8 per ounce, while silver was quoting at USD 16.62 per ounce.

According to reports, Vodafone Idea may raise over USD 2.5 billion from asset sales ahead of a January deadline to pay statutory dues. The company is said to be in talks to sell its optic fibre business to Brookfield Asset Management Inc and its datacentre to the Edelweiss Group.
Vodafone Idea shares gain over 8 pc amid asset sale plan
11 Dec 2019 12:54 PM

On the BSE, the scrip after opening on a positive note further rose to Rs 7.08 apiece, up 7.9 per cent.

In September, ADB forecast India's GDP to grow 6.5 per cent in 2019-20 and 7.2 per cent in the year thereafter. (Photo: File | AFP)
ADB trims India's GDP growth forecast to 5.1 per cent in FY20
11 Dec 2019 11:53 AM

Asian Development Bank said growth should pick up to 6.5 per cent in the next fiscal year with supportive policies.

Efforts are also being undertaken to increase our exports to emerging markets of Africa, Latin America through PTAs/FTAs (preferential/free trade agreements)," the Minister of State for Commerce Hardeep Singh Puri said. (Photo: File | ANI)
Efforts being made to boost exports: Minister
10 Dec 2019 2:12 PM

We are trying to provide whatever support you, as exporters, need from the government, MoS Hardeep Singh Puri said.

Sales of commercial vehicles were down 14.98 per cent to 61,907 units in November, SIAM said. (Photo: Representational)
Passenger vehicle sales decline marginally in November
10 Dec 2019 11:37 AM

Domestic car sales were down 10.83 per cent to 1,60,306 units as against 1,79,783 units in November 2018, according to data.

At the interbank foreign exchange the rupee opened at 70.98, then gathered momentum and touched 70.94 against the US dollar, registering a rise of 10 paise over its previous close.
Rupee rises 10 paise to 70.94 against US dollar in early trade
10 Dec 2019 10:05 AM

Forex traders said investors were optimistic about the US-China trade talks.

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