Business News Headlines 13 September 2024 | Here are the hand picked important news updates for the business enthusiasts,
Business News Headlines 13 September 2024
- India’s inflation rose to 3.65% in August (vs 3.54% in July). Food inflation rose to 5.66% (vs 5.42% in July).
- Industrial production in India rose 4.8% year-on-year in July (vs 4.2% in June). Manufacturing rose 4.6%, mining rose 3.7%, and electricity production rose 7.9%: MoSPI.
- India’s palm oil imports fell 26% to 7.97 lakh metric tonnes in Aug (vs July). Soy oil imports rose 16%, and sunflower oil imports fell 22.5%. Total edible oil imports fell 17% to 15.3 lakh metric tonnes: SEA.
- The central government announced ‘PM E-Drive’, a Rs 10,900 cr subsidy scheme for EVs. The scheme includes subsidies for electric buses, 2 and 3-wheelers, hybrid ambulances, and charging stations.
- NPCI reported a 37% year-on-year rise in net profit to Rs 1,134 cr in the financial year 2024.
- P N Gadgil Jewellers IPO was subscribed 59.41 times. Retail subscription: 16.58 times. Closed for subscription.
Stock Market News Updates | Business News Headlines 13 September 2024
- Telecom company Airtel has partnered with Italian company Sparkle to use submarine cable network between India and Italy.
- Here is the good news for EV vehicle owners as Tata Power company’s subsidiary TPREL will set up 200 fast-charging stations for commercial vehicles; special rates for Tata’s commercial vehicles.
- Bajaj Holdings company board has approved an interim dividend of Rs 65 per share. Record date: 25 Sept.
- Shriram Finance has raised Rs 1,000 cr through a debt issue.
- GE T&D got $170.8 million worth of international orders to supply and maintain high-voltage products.
- NBCC signed an MoU with MTNL to develop a Rs 1,600 cr residential project in New Delhi.