NEW DELHI, July 4: State-owned Bank of Maharashtra (BoM) on Friday said it has registered a credit growth of 15.36 per cent to Rs 2.41 lakh crore in the April-June quarter. The outstanding credit was Rs 2.09 lakh crore at the end of the first quarter of previous fiscal, BoM said in a regulatory filing. The Pune-headquartered lender reported a 14.08 per cent increase in total deposits to Rs 3.09 lakh crore in the reporting quarter against Rs 2.67 [] The post Bank of Maharashtra logs 15 pc loan g

NEW DELHI, July 4: State-owned steel maker SAIL has set up an office in Dubai with an objective to tap opportunities in the emerging markets, an official statement said on Friday. The company is the third public sector unit under the Ministry of Steel to have opened its overseas office in Dubai. SAIL has inaugurated its Representative Office in Dubai. It is SAILs first international office in the Middle East and marks a significant step in its global expansion [] The post After NMDC and MECON,

NEW DELHI, July 4:Travel tech unicorn OYO on Friday said its European holiday home brand DanCenter plans to add 250 vacation homes in India in the current financial year amid rising demand for premium, well-managed vacation homes across the country. DanCenter added 50 vacation homes in the first quarter of this financial year and plans to add 200 more such properties by the end of this fiscal. DanCenter now has a network of vacation homes in Lonavala in Maharashtra, [] The post OYO-owned Europe

NEW DELHI, July 1: Mid-size motorcycle maker Royal Enfield on Tuesday reported 22 per cent jump in total sales at 89,540 units in June, as compared to 73,141 units in the same month last year. Domestic sales were at 76,957 units last month, as against 66,117 units in June 2024, up 16 per cent, Royal Enfield said in a statement. Exports grew 79 per cent at 12,583 units, as compared to 7,024 units in the year-ago month. We saw [] The post Royal Enfield sales up 22 pc at 89,540 units in June appea

Excelsior Correspondent PUDUCHERRY, June 30: Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh and Puducherry Lieutenant Governor K. Kailashnathan held a meeting here this morning to discuss a comprehensive action plan for coastal cleaning, marine economy, creation of a permanent coastal management mechanism, explorat

New Delhi, Jun 30: A Palau-flagged vessel with 14 crew members of Indian origin encountered a major fire in its engine room, and the Indian Navy has deployed a stealth frigate to assist the ship. The vessel was transiting from Kandla and was on its way to Shinas in Oman. The Indian Navys stealth frigate INS Tabar, currently deployed in the Gulf of Oman, responded to a distress call from MT Yi Cheng 6 on Sunday, according to a spokesperson [] The post Fire breaks out in commercial vessel with 14

MUMBAI, June 30: Realty firm Mahindra Lifespace Developers Ltd has acquired around 9 acre land in Bengaluru for nearly Rs 200 crore to develop a housing project. The company has acquired a company named Shreyas Stones Pvt Ltd (SSPL), which owns 8.79 acre land parcel in Bengaluru. In a statement on Monday, Mahindra Lifespace Developers said it has signed a Share Purchase Agreement (SPA) with SSPL, whereby the shareholders of SSPL have agreed to sell their entire stake (100 [] The post Mahindra L

Excelsior Correspondent BANIHAL, June 29: Aimed to promote eco-tourism as a sustainable driver for rural economic growth, MLA Banihal, Sajjad Shaheen conducted a tour to the breathtakingly beautiful and ecologically rich area of Zomando Mangit, here today. During the visit, Shaheen engaged with local residents, took firsthand stock of the issues facing the area, and underscored the tremendous potential of Zomando Mangit as a premier eco-tourism destination. Nestled amidst alpine forests, crystal

CHENNAI, June 29: NLC India Ltd has received a Letter of Award from NTPC Ltd for establishment of 450 MW Inter-State Transmission System (ISTS) Connected Wind-Solar Hybrid Power project in Rajasthan, the company said. According to the order secured from NTPC Ltd, NLC India would set up the 450 ISTS connected wind-solar power project, supply of hybrid power generated from the said project to NTPC Ltd for a period of 25 years under the Power Purchase Agreement (PPA). The project [] The post NLC In

JAMSHEDPUR, June 28: Commemorating a decade of MOSAIC, the diversity and inclusion initiative, private steel major Tata Steel on Saturday said it aimed to have 20 per cent diversity in its workforce across the group by 2028. For Tata Steel, the commitment to diversity goes beyond policy implementation. It actively seeks to redefine norms in typically male-dominated sectors, the company said in a statement. Tata Steels progressive HR policies offer equal benefits for LGBTQIA+ partners, gender-neu

NEW DELHI, June 26: Biopharmaceutical firm AstraZeneca on Thursday said it has expanded its global hub in Bengaluru with an investment of Rs 166 crore, creating 400 jobs to boost Research and Development, global services and AI innovation. The new facility will house nearly 1,300 employees, including 400 new jobs, supporting the companys capabilities in AI-powered innovation across Research and Development, global business services, IT, and digital health operations, AstraZeneca said in a statem

NEW DELHI, June 26: Pharma major Lupin Ltd on Thursday said it has launched its generic version of Prucalopride tablets used to treat chronic idiopathic constipation in the US market after the recent approval by the countrys health regulatory. The Mumbai-based company has launched Prucalopride tablets of strengths 1 mg, and 2 mg in the US, following the recent approval of its abbreviated new drug application (ANDA) from the USFDA, Lupin said in a regulatory filing. These Prucalopride tablets are

NEW DELHI, June 26: In a significant move to ensure safety of train operations, the Railway ministry on Wednesday announced some key reforms for enhancing the functioning and working conditions of train controllers. Train controllers must serve a minimum of three years in the control office to build domain knowledge and operate at optimal levels. Only experienced and meritorious traffic inspectors and station masters with good service records will be selected as train controllers, a senior railw

NEW DELHI, June 25: ACME Solar Holdings on Wednesday said its arm ACME Sikar Solar has signed a power purchase agreement with the Solar Energy Corporation of India for the supply of electricity from a 300MW solar project in Rajasthan. This agreement comes after ACME Sikar commissioned its 300 MW capacity on June 23, a company statement said. ACME Sikar Solar Private Ltd, a wholly-owned subsidiary of ACME Solar Holdings Ltd, has executed a 25-year Power Purchase Agreement (PPA) with [] The post A

NEW DELHI, June 25: L&T Technology Services Limited (LTTS) on Wednesday said it has secured an exclusive five-year agreement of over USD 50 million by a major global energy company. As part of the deal, LTTS will serve as enterprise rata and digital services provider across the clients international affiliates, according to a company statement. By combining our proven track record in plant engineering with state-of-the-art new age technologies, we will support the client in their digital transfo

NEW DELHI, June 25: KEC International on Wednesday said it has secured orders worth Rs 1,236 crore for civil projects in India. These include high-rise residential projects in western India by renowned real estate developers, involving the development of over 50 lakh square feet of residential buildings along with associated facilities. Vimal Kejriwal, MD & CEO, KEC International said, This marks a key milestone in our strategic foray into the premium high-rise residential segment, with building

NEW DELHI, June 24:Yara India on Tuesday said it is eyeing over 8-9 per cent revenue growth year-on-year for the next three years across all business segments and not limited to logistics alone. Yara India is a part of Norwegian multinational Yara International, a crop nutrition company and a provider of agricultural, industrial, and environmental solutions. Yara India recorded overall revenues of Rs 5,342.14 crore for the period April 2024-March 2025, up from Rs 4,837.32 crore in FY 2023-24. [

New Delhi, Jun 23: The IRCTC has decided to serve Kashmiri vegetarian cuisine to passengers travelling on the Katra-Srinagar Vande Bharat train from the second week of July. We are working out a plan to serve local cuisine on the Katra-Srinagar Vande Bharat train and it is expected to start from the second week of July, Anand Kumar Jha, Additional General Manager, IRCTC, said. Popular local cuisine, such as ambal kaddu, babru, Jammu paratha in breakfast and paneer chaman, Kashmiri [] The post IR

NEW DELHI, June 23: BluPine Energy on Monday said it has secured Rs 2,416 crore debt financing for its 150 MW Firm and Dispatchable Renewable Energy (FDRE) Power Project in Aland, Karnataka. The project, undertaken by its wholly-owned subsidiary Solarcraft Power India 16 Pvt Ltd, is being developed under the SJVN 1,500 MW FDRE tender dated June 20, 2023, a company statement said. BluPine Energy Pvt Ltd (henceforth BluPine Energy), an Actis-backed leading renewable energy platform, today (Monday

MUMBAI, June 22: Diamond jewellery brand Zen Diamond plans to open 100 stores across India by 2030, especially in quality malls, a senior company executive has said. The company has two stores in Mumbai, and has signed up for three more, two in the south and one in the north, taking the total to five by the end of this calendar year., according to the official. We are looking at retail expansion in India. We are planning to [] The post Zen Diamond looks to open 100 stores in India in 5 years a

LAHORE, Jun 21: Pakistans Defence Minister Khawaja Asif and a close aide of ruling PML-N president and former prime minister Nawaz Sharif has said the country is being governed under a hybrid model in which the military enjoys the major power share. This is the second time this week that Asif, a prominent member of the incumbent Prime Minister Shehbaz Sharif cabinet, admitted to the hybrid model, criticised as not mixed but a fixed government to serve subsidiary interests by [] The post Pak defe

KOLKATA, June 18: Suraksha Diagnostics on Wednesday said it will invest Rs 200 crore to set up over 20 advanced imaging centres across eastern India. The plan, which will be executed in collaboration with United Imaging, is aimed at expanding access to advanced diagnostic services in tier 2 and tier 3 cities, enhancing both affordability and healthcare quality in smaller towns and semi-urban regions, it said. No timeline was, however, revealed for the investment rollout. This collaboration will

MUMBAI, June 18: Supervisory Data Quality Index of commercial banks has improved to 89.3 in March 2025 compared to 88.6 in the year-ago period, the Reserve Bank said on Wednesday. The RBI has created a Supervisory Data Quality Index (sDQI) that measures data quality in terms of the accuracy, timeliness, completeness and consistency in various key financial parameters, including bad loans, asset-liability and capital adequacy. The index will help the regulator to assess the financial health of c

NEW DELHI, June 18:Glenmark Pharmaceuticals on Wednesday said the US health regulator has issued a Form 483 with five observations after inspecting its Monroe manufacturing plant in the US. The US Food & Drug Administration (USFDA) conducted a Good Manufacturing Practice (GMP) inspection at the companys manufacturing facility situated in Monroe, North Carolina from June 9 to June 17, 2025, the Mumbai-based drugmaker said in a regulatory filing. At the end of the inspection, the company was issu

Nicosia, Jun 16: India will soon become the third-largest economy in the world, Prime Minister Narendra Modi has said, highlighting myriad economic opportunities the country offers to companies from Cyprus. Modi, who is in Cyprus on the first leg of his three-nation tour, made the remarks as he, along with Cypriot President Nikos Christodoulides, attended a business roundtable on Sunday in Limassol, a city on the southern coast of Cyprus. The Prime Minister highlighted Indias rapid economic tran

Addresses closing ceremony of Viksit Krishi Sankalp Abhiyan Excelsior Correspondent SRINAGAR, June 14: Lieutenant Governor Manoj Sinha today addressed the closing Ceremony of Viksit Krishi Sankalp Abhiyan at SKUAST Kashmirs Mountain Research Centre for Field Crops at Khudwani-Kulgam. In his address, the Lieutenant Governor commended the valuable contribution of everyone associated with the Viksit Krishi Sankalp Abhiyan for marking a transformative step, through this initiative, toward building a

NEW DELHI, June 12:Czech carmaker Skoda is looking to scale up its pre-owned car business, enter the CNG segment and expand sales network as it aims to double volumes in the Indian market this year, according to a top company executive. The carmaker, which sold around 36,000 units in the country last year, expects its SUV portfolio, which now includes a compact SUV , to push its sales volume and market share in the country. We are looking to [] The post Skoda to scale up pre-owned biz, bolster

New Delhi, Jun 9: The Congress on Monday said the Modi government in the last 11 years has dealt a deep blow to the countrys democracy, economy and social fabric. In a post on X, Congress president Mallikarjun Kharge alleged that the government has only smeared the ink of dictatorship on every page of the Constitution in these 11 years. The BJP-RSS has weakened every constitutional institution and attacked their autonomy, he said. Whether it is going against public [] The post Last 11 years a b

NEW DELHI, June 8: Telecom operator Airtel has approached over 40 banks, as well as RBI and NPCI, proposing a close collaboration and a unified front to curb digital frauds, including sharing intelligence over repository of known fraudulent financial domains. Airtel has dialled NPCI, proposing a closer collaboration to create a repository of known malicious financial domains, to enable proactive blocking of malicious and rogue sites and to build a multi-layered defence to combat digital frauds.

NEW DELHI, June 8: Life Insurance Corporation of India (LIC) on Sunday said Sat Pal Bhanoo has given additional charge of MD and CEO of the insurance company following approval of the Department of Financial Services. The Department of Financial Services, Ministry of Finance, vide its letter dated June 7, 2025 conveyed the approval of the competent authority, entrusting the financial and administrative powers and functions of the CEO and MD of the Corporation, for a period of 3 [] The post Sat

NEW DELHI, June 8: India is set to overtake Japan to become the worlds fourth-largest economy, but must not become complacent, as the country remains far behind Japan in GDP per capita terms, WEFs former MD Claude Smadja said. According to IMF data dated April 2025, Indias GDP per capita of USD 2,878.4 is approximately 8.5 per cent of Japans GDP per capita of USD 33,955.7, meaning Japans per capita income is about 11.8 times higher than Indias. Yes, it [] The post India topping Japan economy no

NEW DELHI, Jun 7: Congress leader Jairam Ramesh took a swipe at Prime Minister Narendra Modi on Saturday, describing him as Swayam Udghoshit Vishwaguru, and asked whether during his meetings at the G7 Summit, he would update his Canadian counterpart, Mark Carney, on India being the third-largest economy. Carney had, while justifying his invite to India for the G7 Summit in Kananaskis, Alberta, later this year, said some countries should be at the table for the discussions at the summit. [] The p

NEW DELHI: (Jun 5) The Vande Bharat train service between Katra and Srinagar in Jammu and Kashmir will start commercial operations from June 7, the Northern Railway said on Thursday. The train will be inaugurated by Prime Minister Narendra Modi on Friday. The Indian Railway Catering and Tourism Corporation (IRCTC) platform will start reflecting these trains for prospective passengers to book tickets after the inauguration, an official said. The post Katra-Srinagar Vande Bharat train service to s

NEW DELHI, June 4: Indias exports to the US are rising, and it can increase imports of products like shale gas, LNG, and crude oil from America to diversify its import basket, as prices of these items are lower in the US, an official said. Teams of both countries will start next round of talks this week here on the proposed bilateral trade agreement. Though India is looking for a balanced and a mutually beneficial trade agreement with the [] The post India can increase imports of shale gas, LNG

NEW DELHI, Jun 3: Medical representatives have been prohibited from meeting doctors in central government hospitals to safeguard patients interests and maintain ethical standards. The Directorate General of Health Services (DGHS) has instructed all central government-run hospitals not to permit medical representatives in the hospital premises. This is in reference to the earlier instructions regarding not permitting entry of Medical Representative in hospital premises. In this regard it is once

JAMMU, Jun 2: The Jammu and Kashmir Real Estate Regulatory Authority (JKRERA) has imposed a penalty of 10,00,000 (Rupees Ten Lakhs only) on real estate developers for failing to register their ongoing real estate project located at Sang Talab, Raipur Domana, with the Authority. The penalty of Rs. 10 lakh has been imposed for violation of Section 3 (1) of the Real Estate (Regulation and Development) Act 2016. The Authority took suo-motu cognizance of the violation and initiated proceedings under

Mumbai, May 29: The country is poised to remain the fastest growing major economy in the world even in FY26, the Reserve Bank said on Thursday. The benign inflation outlook and a moderation in GDP expansion warrant the monetary policy to be supportive of growth going forward, the RBI said in its annual report. the Indian economy is poised to remain the fastest-growing major economy in 2025-26 by leveraging its sound macroeconomic fundamentals, robust financial sector and commitment towards susta

BEIJING, May 28: European companies are cutting costs and scaling back investment plans in China as its economy slows and fierce competition drives down prices, according to an annual survey released Wednesday. Their challenges reflect broader ones faced by a Chinese economy hobbled by a prolonged real estate crisis that has hurt consumer spending. Beijing also faces growing pushback from Europe and the United States over surging exports. The picture has deteriorated across many key metrics, the

NEW DELHI, May 28: Panattoni India will invest about Rs 210 crore to develop a 25-acre industrial and logistics park at Hosur in Tamil Nadu as part of its expansion plan. This will be the second project for Panattoni in India. It is already developing a project in the Delhi-NCR market. Panattoni India Development Pvt Ltd is a part of the Panattoni Group, one of the largest industrial real estate developers in the world. Our foray into the Hosur [] The post Panattoni India to invest Rs 210 cr to

NEW DELHI, May 27: Maruti Suzuki India on Tuesday said it has launched a comprehensive training program to handle high voltage systems required for electric and hybrid vehicles. The customised training program has been introduced across 130 Industrial Training Institutes (ITIs) in 24 states and four Union Territories across the country, the countrys largest carmaker said in a statement. The training will serve as one of the critical key enablers in faster adoption of EVs in the country, it [] T

NEW DELHI, May 26: NITI Aayog member Arvind Virmani on Monday said India is set to become the fourth largest economy in the world by overtaking Japan by the end of 2025. The International Monetary Fund (IMF), in its World Economic Outlook (WEO) report released in April had said that India is expected to be the fourth largest economy in the world with a GDP of USD 4.19 trillion in 2025, ahead of Japan. India is in the process of [] The post India to become 4th largest economy by end of 2025: NITI

New Delhi, May 26: The Enforcement Directorate has said it seized cash of Rs 1.70 crore and documents related to immovable assets during searches conducted against Jaypee Infratech Ltd (JIL), Jayprakash Associates Ltd (JAL) and other entities in an alleged homebuyers fraud case linked money laundering investigation. The raids were carried out at 15 premises in Delhi, Noida, Ghaziabad and Mumbai on May 23 under the Prevention of Money Laundering Act (PMLA). The search covered offices and premises

Development proves prophets of doom wrong Nishikant Khajuria JAMMU, May 25: Union Minister Dr Jitendra Singh today said that coinciding of Operation Sindoor with Indian economy rising to rank four in world establishes the countrys recent assertive and confident global posture under the leadership of Prime Minister Narendra Modi. In a rapid stride and giant leap towards Viksit Bharat, Indias economy has overtaken Japan rising from rank 5 to rank 4 and let us not forget that this development has [

NEW DELHI, May 25: India has become the fourth largest economy in the world, overtaking Japan, NITI Aayog CEO BVR Subrahmanyam has said. Subrahmanyam said the overall geopolitical and economic environment is favourable to India. We are the fourth largest economy as I speak. We are a USD 4 trillion economy as I speak, he said. Citing IMF data, Subrahmanyam said India today is larger than Japan. Till 2024, India was the fifth-largest economy in the world. It is only [] The post India has become 4t

New Delhi, May 25: India has become the fourth largest economy in the world, overtaking Japan, NITI Aayog CEO BVR Subrahmanyam has said. Subrahmanyam said the overall geopolitical and economic environment is favourable to India. We are the fourth largest economy as I speak. We are a USD 4 trillion economy as I speak, he said. Click Here To Join Daily Excelsior on WhatsApp And Get Latest News Citing IMF data, Subrahmanyam said India today is larger than Japan. Till [] The post India Has Become 4t

New Delhi, May 24: The southwest monsoon reached Kerala on Saturday, marking its earliest onset over the Indian mainland since 2009 when it began on May 23, the India Meteorological Department (IMD) said. Normally, the southwest monsoon makes its onset over Kerala by June 1 and covers the entire country by July 8. It starts retreating from northwest India around September 17 and withdraws completely by October 15. The monsoon set in over the southern state on May 30 last [] The post Monsoon Reac

CHANDIGARH, May 24: Pharma major Venus Remedies on Saturday said it has successfully renewed its good manufacturing practices (GMP) certification from Ukraines State Service on Medicines and Drugs Control (SMDC). The certification applies to the companys Unit-II manufacturing facility located in Baddi, Himachal Pradesh, covering its cephalosporin, non-cephalosporin (carbapenem), and oncology parenteral production lines, including liquid and lyophilized injections, Venus Remedies said in a state

NEW DELHI, May 22: Century Real Estate has raised Rs 1,850 crore debt to expand its business and encash strong demand for properties. The company will use this fund in both ongoing and upcoming housing and commercial projects. In a statement on Thursday, Bengaluru-based Century Real Estate said it has secured Rs 1,850 crore in debt funding, led by Ares Asia and SC Lowy. The fund will help in driving the companys expansion strategy and supporting both new and [] The post Century Real Estate rais

NEW DELHI, May 22: IndusInd Bank may face muted financials in the medium to near-term, and the new MD and CEO will have an uphill task of resurrecting the bank and regaining investor trust, brokerages said on Thursday after the beleaguered bank reported its biggest net loss in 20 years. Most brokerages see downside in shares of IndusInd Bank, which posted a net loss of Rs 2,329 crore, marking one of the worst quarters in terms of both financial [] The post IndusInd Bank to report muted financia

NEW DELHI, May 22: Garments manufacturer and exporter SBC Exports on Thursday said it plans to launch the initial public offering of its travel and tour subsidiary Mauji Trip in the current financial year. The companys board has approved the proposal to launch the IPO of the wholly-owned travel arm in FY2025-26, the company said in a statement. Details and terms of the initial share sale and issue size will be announced in the due course subject to necessary [] The post SBC Exports plans to lau