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50% of Rs 2,000 notes returned to banks since announcement: RBI Guv Das

50% of Rs 2,000 notes returned to banks since announcement: RBI Guv Das

Around 50 per cent of the Rs 2,000 notes in circulation in the economy have been returned to the banking system since the announcement of their withdrawal last month, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday.

Speaking at a press conference after the announcement of the monetary policy committee, Das said, "As of March 31 this year, Rs 2,000 notes worth Rs 3.62 trillion were in circulation. After the announcement, so far about Rs 1.8 trillion worth of Rs 2,000 notes have come back."

Central Railway key to make Indian Railway net zero carbon emitter by 2030

Central Railway key to make Indian Railway net zero carbon emitter by 2030

To accelerate the transition to green power, Indian Railways has chosen the Central Railways as the model agency responsible for signing an agreement to procure wind energy for the entire railway network across the country, a major step by the Indian Railways in its efforts to become a Net Zero Carbon Emitter by 2030.

The Railway Board has nominated Central Railway as the Nodal Railway for executing the Power Purchase Agreement (PPA) with M/s NTPC Renewable Energy Ltd for the entire 500 MW power supply. Central Railway is currently in the process of finalizing the Power Purchase Agreement (PPA) with NREL.

India's 5G smartphone sales hit 50% market for first time: Report

India's 5G smartphone sales hit 50% market for first time: Report

The monthly 5G smartphone sales share has crossed the 50 per cent mark in India for the first time in April this year, a new report said on Monday.

According to Counterpoint Research, 5G services are still patchy across most of India after launching in October 2022.

Possession, transportation of cows in UP not an offence: Allahabad HC

Possession, transportation of cows in UP not an offence: Allahabad HC

The Allahabad High Court said that the mere possession and transportation of cows within the state does not amount to an offence under the Uttar Pradesh Prevention of Cow Slaughter Act, 1955.

Making these observations, Justice Vikram D. Chauhan granted bail to Kundan Yadav of Kushinagar district, as no evidence of physical injury to any cow or its progeny was found which could endanger their lives.

Cabinet approves Rs 89,047 crore revival plan for state-run telco BSNL

Cabinet approves Rs 89,047 crore revival plan for state-run telco BSNL

Cabinet on Wednesday approved a revival plan for the state-run Bharat Sanchar Nigam Ltd (BSNL) worth Rs 89,047 crore. It includes an allotment of 4G/5G spectrum for BSNL through equity infusion.

With this, the authorized capital of BSNL will be increased from Rs 1.5 trillion to Rs 2.1 trillion.

Nearly 80% Indians depositing Rs 2,000 notes instead of exchanging: Report

Nearly 80% Indians depositing Rs 2,000 notes instead of exchanging: Report

More than 70 per cent of Indians are opting to deposit the recently withdrawn Rs 2,000 notes in bank accounts.

According to a Reuters report published Wednesday, people are choosing to deposit as opposed to exchanging the Rs 2,000 note for smaller denominations, which was recently withdrawn by the Reserve Bank of India (RBI).

Zen Technologies surges 10% on order win worth Rs 202 from Defence Ministry

Zen Technologies surges 10% on order win worth Rs 202 from Defence Ministry

Shares of Zen Technologies hit a new high of Rs 453.15, surging 10 per cent on the BSE in Thursday's intra-day trade, after the company said it has won order worth of Rs 202 from the Ministry of Defence, and foresees more orders in the near future.

Thus far in the calendar year 2023, the stock of India's leading anti-drone technology and defense training solutions provider has zoomed 146 per cent, as compared to less than 3.3 per cent rise in the S&P BSE Sensex.

Sebi likely to change rules to track investments in PE and VC funds

Sebi likely to change rules to track investments in PE and VC funds

Securities and Exchange Board of India (Sebi) is likely to change the rules to start tracking investments flowing into local private equity (PE) and venture capital (VC) funds, The Economic Times (ET) reports.

The market regulator is doing this to identify the investors and the source of the money. In addition, Sebi also wants to check if PE and VC funds, also known as alternative investment funds (AIFs), are being misused, the report said.

HCLTech opens new facility in Chennai for 5G infrastructure testing

HCLTech opens new facility in Chennai for 5G infrastructure testing

IT services company HCLTech on Wednesday launched a new facility in Chennai for testing and validating 5G solutions provided by global telecom infrastructure original equipment manufacturers (OEMs).

The company said it is the first-such facility in India and is equipped with scanners that enable global OEMs to test large cellular base stations as well as antennas used in mobile phones, smart gadgets, health monitoring systems and remote surveillance systems.

Suzlon Energy soars 18% to hit over 5-year high amid heavy volumes

Suzlon Energy soars 18% to hit over 5-year high amid heavy volumes

Shares of Suzlon Energy soared 18 per cent to hit over five-year high of Rs 14.39 in Wednesday’s intra-day trade, amid heavy volumes. The stock of the country’s largest renewable energy solutions provider traded at its highest level since February 2018.

In comparison, the S&P BSE Sensex was up 0.24 per cent at 62,942 at 12:41 pm. A combined 1,121 million shares, which represented 11.1 per cent total equity of Suzlon Energy changed hands on the NSE and BSE.

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