Indian Railways likely to surpass revised freight target for FY19

New Delhi: Indian Railways has handled 1,175 million tonnes (MT) of freight traffic between April 2018-March 15, 2019 and is on track to surpass its revised target of 1,216 MT for ...

Synthetic textile manufacturers plan to expand capacity in 3 years

Mumbai: Synthetic textile manufacturers in India are planning to invest about Rs 70,000 crore (US$ 9.70 billion) to achieve a cumulative capacity addition of 500,000 tonnes in the ...

Bigbasket turns unicorn with US$ 150-mn funding; valuation jumps over twofold

Bengaluru: Online grocery major Bigbasket secured US$ 150 million in Series F funding which doubled the company’s valuation and led it into the unicorn club.

Mission Shakti: India's space research spending triples to Rs 11,538 crore

New Delhi: India's expenditure in space research has nearly tripled to Rs 11,538 crore (US$ 1.67 billion) in 2018-19 from Rs 4,163 crore (US$ 0.60 billion) in 2009-10.

Reliance Jio's subscriber base touches 1.16 crore in Punjab

Chandigarh: Reliance Jio's subscriber base rose to 11.6 million in Punjab at the end of January 2019, making the company the market leader in the state.

ICICI Prudential OFS subscribed 3.9 times; investors bid for 210 mn shares

New Delhi: ICICI Prudential’s offer for sale (OFS) which is going to fetch the company Rs 1,683 crore (US$ 233.26 million) was subscribed 3.9 times.

India second globally in job optimism among senior executives: Survey

Indian executives have the second highest job optimism globally, according to the 2019 Executive Career Outlook by BlueSteps.

Cold storage capacity expands, Rs 21,000 crore investment lined up by 2023

Lucknow: Cold storage infrastructure in India will see investments of up to Rs 210 billion (US$ 3.06 billion) between 2019-23, according to Crisil Research.