BUSINESS
Adani Group announces MoU with Ballard for Hydrogen fuel cells in India
The Adani Group announced on Monday that it has signed a non-binding Memorandum of Understanding (MoU) with Ballard Power Systems to evaluate a joint investment case for the commercialisation of hydrogen fuel cells in various mobility and industrial applications in India. Under the MoU, both parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India.
India's organic exports grew 51% over 2019-20: Govt
Despite the pandemic, India's organic exports grew 51 per cent over 2019-20 levels, government officials said on Monday, adding it envisages targeting 10 per cent export share in the global fruits and vegetable market by 2030. About the export potential of organic and horticulture produce in India, Joint Secretary, Agriculture and Farmers Welfare, Priya Ranjan said: "India's organic exports stood at 8,88,180 metric tonnes in 2020-21."
NSE fraud: CBI grills former NSE chief's advisor Subramanian, lands up at SEBI office
A source told IANS that his statements was recorded for three consecutive days at Chennai. "His statement is over. We have asked him not to leave the country. He will be summoned again whenever we will have a need. He was evasive throughout the questioning," the Central Bureau of Investigation (CBI) source said.
Corbevax Covid vaccine receives EUA approval for 12-18 age group
According to the Hyderabad-based firm, Corbevax is India's first indigenously developed Receptor Binding Domain (RBD) protein sub-unit vaccine against Covid-19. The Drugs Controller General of India (DCGI) had already approved Corbevax for restricted use in emergency situation among adults on December 28, 2019. BE received the approval for restricted use in an emergency situation in adolescents aged 12 to less than 18 years based on interim results (of the ongoing phase 2/3 clinical study).
Will deposit Rs 600 cr in DAMPEL's escrow account, says DMRC
As a bench of Justice Suresh Kumar Kait was hearing the DAEMPL's execution petition seeking enforcement of an arbitration award of Rs 6,208 crore in favour of the Reliance Infrastructure subsidiary, senior advocate Parag Tripathi, appearing for the DMRC, reiterated the earlier argument that around Rs 6,000 crore is lying in various accounts of the DMRC, but is meant for various metro rail projects in the national capital as well as projects in Patna and Maharashtra.
LIC well-capitalised, says Chairman ahead of listing
Addressing a press conference, he said that if the need for growth capital arises, then the LIC may approach the Centre as well as the new shareholders post the IPO. Besides, he reassured prospective investors not to worry about the Centre's control post the listing as the company's decisions are taken by its Board and not by the Centre. However, the Centre will have a 95 per cent stake even after the IPO.
Fund outflows dent indices; power stocks down
Initially, the two indices opened gap down in line with other Asian markets, however, it later made a recovery only to cede its gains during the late trade session. Besides, volumes on the NSE were below recent average. Amongst sectoral indices, bank index was the sole gainer whereas power, oil & gas, metals and healthcare indices lost the most.
Indian women freelancers' earning grew by 42% amid pandemic
For women freelance workers in India, the pandemic has resulted in higher levels of satisfaction, owing to an increased work-life balance and flexibility in work schedules that the gig culture offers in specialised areas, a new report showed on Monday. Indian women freelancers' average hourly earning rate grew by 42 per cent since 2020 -- $22 per hour (nearly Rs 1,600) in 2022 against $14 per hour (about Rs 1,050) in 2020.
Digital ad fraud losses to hit $68 bn globally this year
Losses owing to digital advertising fraud are set to reach a whopping $68 billion globally this year, rising from $59 billion in 2021, a new report showed on Monday. Top five countries most impacted by advertising fraud -- the US, Japan, China, South Korea and the UK -- together account for 60 per cent of global digital advertising spend losses, says Juniper Research.
LIC IPO set to be largest in Indian history | All you need to know
Life Insurance Corporation of India (LIC) IPO is all set to launch in the month of March before the end of the current fiscal year. With 61 percent share of the new premium collected and over 72 precent share in the insurance policies sold in India while commanding assets worth INR 39.7 trillion, the IPO is expected to set records vis-à-vis retail subscription. LIC IPO set to create new record in Indian market; Key points
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