Author: NNI Editor

Image used for representational purpose. | Photo Credit: Reuters India has invited bids to appoint merchant bankers and legal advisers to sell the government’s minority shareholding in select public sector banks and financial companies.The government is looking to undertake minority stake sales in State-run banks and financial firms through an offer for sale, according to a document published on Monday (February 24, 2025) on the Department of Investment and Public Asset Management’s website, which did not name the lenders.The federal finance ministry is looking dilute minority shareholdings in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and…

Tata Capital Ltd. on February 25, 2025, approved an initial public offering, including a fresh issue of up to 23 crore equity shares. | Photo Credit: Special Arrangement India’s Tata Capital said on Tuesday (February 25, 2025) it has approved plans for an initial public offering that would see the non-bank lender issue 230 million new shares, while current shareholders will exit through the offer for sale route.The financial services arm of India’s $165 billion Tata Group was mandated to list by September this year, according to Central bank norms for so-called “upper layer” non-banking financial companies.Tata Capital did not…

Prime Minister Narendra Modi visits an exhibition on Advantage Assam 2.0 Summit, in Guwahati on Monday, February 24, 2025. | Photo Credit: X/Narendra Modi via ANI “Prime Minister Narendra Modi is scheduled to inaugurate the Advantage Assam 2.0 Investment and Infrastructure Summit on Tuesday (February 25, 2025) in the presence of industry captains and business delegations from foreign countries,” officials said.Assam Governor Laxman Prasad Acharya and Chief Minister Himanta Biswa Sarma will also be present on the occasion.The Prime Minister will address the inaugural session of the two-day summit after prominent industrialists of the country and the state deliver their…

The National Horticulture Fair will be held at the Indian Institute of Horticulture Research campus in Bengaluru. | Photo Credit: SUDHAKARA JAIN Bottle Gourd of the Arka Shreyas variety, which is resistant to Gummy Stem Blight (GSB) and will provide a yield up to 48 tonnes per hectare, Red Dragon Fruit powder, and Arka Jackfruit frozen patties and kebabs, are some of the horticultural innovations that will be on display at the National Horticulture Fair (NHF). The fair will be organised at the Indian Council of Agricultural Research (ICAR) – Indian Institute of Horticultural Research (IIHR) from February 27 to…

FIIs offloaded equities worth ₹6,286.70 crore on Monday (February 24, 2025), while DIIs bought equities worth ₹5,185.65 crore, according to exchange data. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty rebounded in early trade on Tuesday (February 25, 2025) amid value buying at lower levels after falling sharply in the last five trading sessions. The 30-share BSE benchmark Sensex climbed 117.57 points to 74,571.98 in early trade. The NSE Nifty went up 31.3 points to 22,584.65. Later, the BSE benchmark quoted 272.39 points higher at 74,725.89, and the Nifty traded 47.45 points up at 22,600.80. From the…

The rupee declined 16 paise to 86.88 against the US dollar in early trade on Tuesday (February 25, 2025) amid a strengthening greenback, sustained FII outflows, and a rise in Brent crude prices. A rebound in the domestic equity markets prevented further fall in the domestic unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 86.83, before sliding further to 86.88, down 16 paise from Monday’s close of 86.72. “The rupee was again sold off on Monday as month-end dollar demand kept rupee lower from a high of 86.56 to 86.75. Due to risk…

Dried Cardamom in an auction centre at Kumily. | Photo Credit: JOMON PAMPAVALLEY With the fag end of the crop season, the prices of the cardamom is showing a reverse trend. The recent average price of ₹2,800 per kg was quoted in the auction at Spices Park, Puttady, on Monday (February 24, 2025)In the morning auction held by Header Systems Limited, the average price was ₹2,802, while the maximum price quoted was ₹3,040. Of the 45,721 kg of cardamom that arrived, 41,290 kg were sold. In the evening auction held by Sugandhagiri Spices Promoters and Traders, 48,303 kg arrived, and…

Steel, a vital component of infrastructure and economy, contributes massive environmental damage in its production process as it relies heavily on coal as a fuel. In the steel production process, carbon (primarily sourced from coal and natural gas) reacts with iron ore to produce molten iron, which is then refined to create steel. This process generates vast amounts of carbon dioxide (CO2) and as a result, the steel industry alone, globally, emits over 3.7 billion metric tons of CO2 every year, contributing to 7–9 % of carbon emissions.  To combat the issue, a team of researchers, Arnab Dutta, Sukanta Saha, Suhana…

The story so far:After at least a year-long tussle over the new relaxed duty norms for pilots brought out by the Directorate General of Civil Aviation (DGCA), the Delhi High Court on February 24, ruled that a vast chunk of these rules would come into effect from July 1, 2025. This brings to a close a six-year battle in Delhi High Court waged by pilot unions against the punitive provisions of the DGCA’s 2019 norms that raised permissible night flying from one night to two consecutive nights, slashed rest periods including for ultra-long range flights, and allowed airlines special dispensation…

India will host the 12th regional 3R (reduce, reuse, recycle) and Circular Economy Conference in Asia and the Pacific in Jaipur from March 3-5, Union Urban Affairs Minister Manohar Lal Khattar announced in New Delhi on Monday (February 24, 2025). The event will centre on the theme of “Realizing Circular Societies Towards Achieving Sustainable Development Goals (SDG) and Carbon Neutrality in Asia-Pacific”, he said at a press conference here. Over 500 international and domestic participants are expected to attend the three-day conference next month, packed with plenary sessions, country-specific discussions and theme-based round-tables. The delegates will also be able to…