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Friday, November 15, 2024
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Kanika Sharma

Kanika Sharma

Kanika Sharma

Senior Sub-Editor

US Growth Slowdown Concerns Hit Indian Shares

US Growth Slowdown Concerns Hit Indian Shares

September 4, 2024

India's benchmark indexes settled lower on Wednesday, as renewed worries about a slowdown in the United States hit global markets and shares of information technology companies. The Nifty 50 index (.NSEI), opens new tab ended 0.32% lower at 25,198.7 points, while the S&P BSE Sensex (.BSESN), opens new tab fell...

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GIC Of India Garnered Bids Worth Nearly Rs 2,300 Crore

GIC Of India Garnered Bids Worth Nearly Rs 2,300 Crore

September 4, 2024

General Insurance Corporation of India (GIC Re), the nation's largest reinsurance company, saw a significant turnout for its offer for sale (OFS) on Wednesday, with bids amounting to Rs 2,300 crore on the first day. However, the demand fell short of the total issue size, with institutional investors bidding for...

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RIL Awarded 10 GWh ACC Battery Storage Plant Under PLI Scheme

RIL Awarded 10 GWh ACC Battery Storage Plant Under PLI Scheme

September 4, 2024

Reliance Industries Limited (RIL) has been awarded a 10 GWh ACC capacity battery storage plant under the Production Linked Incentive (PLI) scheme, based on the Quality and Cost Based Selection (QCBS) mechanism. The Union Ministry of Heavy Industries (MHI) of India announced RIL as the successful bidder under the Production...

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