BUSINESS

As of March 15, Indian Railways has surpassed the milestone of 1500 million tonnes in originating freight loading. This achievement underscores the railway’s robust performance and its pivotal role in facilitating the movement of goods across the country. Notably, this surpasses the previous record of 1512 million tonnes achieved during the fiscal year 2022-23.
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2 years ago Read more at Organiser

Regulator Securities and Exchange Board of India (SEBI) approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales. Also, the board gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities. The progress will be reviewed at the end of three months and six months, after which further course of action will be decided.
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2 years ago Read more at India TV News

Adani Group's stocks and bonds saw a massive selloff early last year. US short-seller Hindenburg Research issued a report that alleged improper governance practices, stock manipulation and the use of tax havens by the group. The Indian company has denied these allegations.
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2 years ago Read more at The Indian Express

Donaldson India Filtration Systems Pvt. Ltd recently celebrated the grand opening of its new experience centre in Pune. Showcasing Donaldson’s unwavering dedication to innovation, the state-of-the-art facility ushers in a new era of digitally empowered filtration solutions. The experience centre provides a unique opportunity for Indian customers to experience live demonstrations of a range of Donaldson dust collectors.
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2 years ago Read more at Hindustan Times

Stock markets ended trading on Friday in red, after seeing some highs and lows during the week. The BSE Sensex settled more than 450 points lower at 72,485, while the NSE Nifty50 closed the session hanging above the 22K mark at 22,023, slipping 123 points. Indian currency also depreciated 4 paise to settle at 82.88 (provisional) against the American dollar on Friday, slipping further from 82.99 closing on Thursday.
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2 years ago Read more at ABP Live

Tata-owned Air India has laid off more than 180 non-flying employees in the last few weeks. The company said it is honouring all contractual obligations. Tata Group took over Air India in Januray 2022.
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2 years ago Read more at Business Today

The SBTi has been flagging these businesses as ‘commitment removed’ for several months now. Some of these businesses fell short in setting targets for the next five to ten years, known as near-term targets. More than six in ten of the firms which failed to get their Net-Zero Standard targets rubber-stamped still managed to get 1.5C-aligned near. targets approved.
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2 years ago Read more at edie.net

India n technology companies and firms in New South Wales will receive accelerated access to each other's markets.An agreement between the Department of Enterprise, Investment, and Trade (DEIT) and Australian industry organisation Business NSW was signed in Sydney on Thursday.Nasscom said its member companies will receive the benefits of establishing a connection with the local technology ecosystem.
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2 years ago Read more at ETCIO

Near Field Communication (NFC) technology allows for the simple and secure exchange of information between NFC-enabled devices over a distance of a few centimeters. When someone taps your NFC card with their phone, they will see your digital profile on their browser, without needing to download any app or scan QR code. The global NFC market is projected to grow from USD 22.9 Billion in 2022 to USD 58.6 billion by 2030.
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2 years ago Read more at The Financial Express

Small business group: Trump tax cut act needs revamp. Small Business for America's Future says the act made a positive impact in its nascent stages.
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2 years ago Read more at FOX 5 DC