India News Live Updates From The Mileage - Latest India News, Videos

02 Dec

Adani Group plans to invest Rs 7 trillion in infra projects over next 10 yrs

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Billionaire Gautam Adani-led Adani Group plans to spend `7 lakh crore ($84 billion) over the next decade, mainly on infrastructure, Adani Group Chief Financial Officer Jugeshinder Singh said on Friday. It's the largest investment announced by the port-to-power company since the stock route, thanks to a report by US-based short-seller Hindenburg Research earlier this year. "Our capex will grow to operate and develop infrastructure," Singh said, without disclosing further details. On the fundraising plans, Singh said that between Adani Ports and SEZ, Adani Green Energy, Adani Power and Adani Enterprises, airports and roads will soon tap into the domestic bond…

02 Dec

Centre tightens grip against ‘dark patterns’

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

The government has banned the use of "dark patterns" — intentionally designed deception — by e-commerce and all other online platforms when selling products and services that manipulate customers and force them to sign up or buy products they don't mean or tempt them to buy more expensive products. The government has informed the adoption of this as an "unfair trade practice". Under the Consumer Protection Act, offenders can face fines and disciplinary action from the Central Consumer Protection Authority (CCPA) and can also be prosecuted before the Consumer Commission. In a Gazette Notice issued by the CCPA titled "Guidelines…

01 Dec

5G subscriptions in India to top 130 mn by year-end: Report

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

India will have 130 million 5G users by the end of this year, just over a year after consumer 5G services are launched in the country. The number of 5G users in India has tripled from last year — and is expected to grow to 860 million subscribers by 2029, according to the Ericsson Mobility Report 2023 released on Thursday. Last year, Ericsson based India's 5G subscriber base at 31 million users, a 4-fold increase in 2023 itself. Over the next six years, 5G subscribers will grow 6.6x, while 4G subscribers—estimated at 870 million at the end of this year—will…

30 Nov

D-Mart’s Hurun India crowns Radhakishan Damani as India’s top self-made entrepreneur

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Radhakishan Damani, veteran investor and founder of retail chain D-Mart, has topped the list of top 200 self-made entrepreneurs of the Millennia 2023, with a market capitalization of Rs 2.38 lakh crore. He is closely followed by Binny Bansal and Sachin Bansal, founders of e-commerce behemoth Flipkart, with an equity value of Rs 1.19 lakh crore, according to an report of IDFC First Private Hurun India published on November 30. The list also includes Zomato's Deepinder Goyal and Dream 11 promoters Bhavit Sheth and Harish Jain, with a market cap of Rs 86,835 crore and equity value of Rs 66,452…

30 Nov

Gautam Adani back among top 20 billionaires

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Billionaire Gautam Adani is back in the league of the world's 20 richest people after a recent surge in the group company's shares. Adani is now ranked 19th on the Bloomberg Billionaires Index with a net worth of $66.7 billion as of 29 November. Adani Group stocks added over Rs 1.34 lakh crore to investors' wealth on Tuesday. While the group's market capitalization lost some gains on Wednesday, the rise lifted Adani into the top 20. Shares of Adani group companies rose after the Supreme Court upheld its confidence in SEBI's probe into the Hindenburg allegations. The top court, while…

29 Nov

India’s largest tiger reserve to be set up in Madhya Pradesh’s Damoh

Priyanka Bhowmick0 CommentsBusiness, India

In a latest development, Damoh district in MP (Madhya Pradesh) is on a way to become home to the India's largest tiger reserve, said a forest department official. The union govt has issued a notice accepting the proposal to merge the Noradehi Sanctuary with the Durgavati Sanctuary of the Damoh district, which will create a huge tiger reserve extending upto 2,300 sq km. According to Damoh's Forest Divisional Officer, MS Uikey, the initiative to create new tiger reserve will provide a safe place for the area's tiger population, which at present stands to 16. The merger is also expecting to…

29 Nov

Adani Total Gas launches green hydrogen blending project

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

To assess the viability of green hydrogen as an alternative energy source for city gas distribution (CGD) customers, Adani Total Gas Limited (ATGL) on Tuesday announced the launch of its green hydrogen blending project in Ahmedabad. The pilot project will mix green hydrogen with natural gas for at least 4,000 home and commercial PNG customers in the city. Green hydrogen will be produced using water electrolysis with electricity produced by renewable energy. The hydrogen mixture is less carbon intensive than the burning gas but has the same heating capacity. The project is expected to be operational by the first quarter…

28 Nov

“Experience like none other…struck by beauty”: Dev Deepawali celebrations captivate envoys, delegates in Varanasi

Priyanka Bhowmick0 CommentsIndia

The popular city of India, Varanasi also known as Kashi witnessed a grand celebration of 'Dev Deepawali' on Monday. This cultural event is being celebrated for the past 100 years but because of Prime Minister Narendra Modi the celebration has attracted foreigners this time. Diplomats from more than 70 nations attended the celebration and called it an 'incredible one'. The Ambassador of the European Union(EU) Herve Delphin, who attended the event in Varanasi, told it was an experience like no other. "I witnessed this incredible sound and light show between modernity and tradition. It is an experience like no other.…

28 Nov

iPhone maker Foxconn plans to invest $1.6 billion in India

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

iPhone maker Hon Hai Precision Industry Co. It plans to expand its footprint in India by investing another NT$50 billion ($1.6 billion) in construction projects.The announcement, made in an exchange filing in Taiwan late on Monday, gave no further details, saying only that the investment was "for operational needs". A company spokesman declined to say where the new facility would be or what they would build. Hon Hai, also known as Foxconn, and other Taiwanese electronics makers continue to diversify their businesses outside of China as tensions rise between Washington and Beijing.

28 Nov

Black Friday shoppers spent a record $9.8 billion in U.S. online sales

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Black Friday generated a record $9.8 billion in U.S. online sales, up 7.5% from a year earlier. According to Adobe Analytics, mobile shopping has created $5.3 billion in online sales. Black Friday's best-selling categories were electronics such as smartwatches and televisions, as well as toys and gaming, CNBC reports.Vivek Pandya, a chief analyst at Adobe Digital Insights, was quoted as saying, "We have seen the emergence of very strategic consumers in the last one year where they are really trying to take advantage of these marquee days so that they can get the maximum discounts. Pandya noted that influencer and…