Business

Agriculture

Israeli drip irrigation system set up in K’taka coffee estate

Bengaluru, Dec 9 (IANS) With the help of the Israeli Consulate, an Israeli drip irrigation system has been installed at a coffee estate in Karnataka’s Sakleshpur to increase productivity of beans, pepper and fruits, an official said on Wednesday.“The advanced automated drip irrigation system of Israeli firm Netafim has been set up as a pilot […]

Industry

Kiran Mazumdar-Shaw new vice-chair of US-India biz body

Washington/Bengaluru, Jan 14 (IANS) Biocon Chairperson Kiran Mazumdar-Shaw is the new vice-chair of the US-India Business Council (USIBC) board for 2021, the apex trade body said on Thursday. “Kiran Mazumdar-Shaw will be one of the three vice-chairs for the US-India Business Council’s board of directors,” said USIBC Chairman Vijay Advani in a statement from Washington […]

Haryana CM launches air taxi service

Chandigarh, Jan 14 (IANS) Haryana Chief Minister Manohar Lal Khattar on Thursday launched an air taxi service between Chandigarh and Hisar from the Chandigarh International Airport under UDAN scheme of the central government. On this occasion, Khattar handed over a boarding pass to the first passenger. He also visited the airstrip where he was apprised […]

CBDT launches e-portal for filing tax evasion complaints

New Delhi, Jan 12 (IANS) Taking another step towards e-governance and encouraging the participation of citizens as stakeholders in curbing tax evasion, the Central Board of Direct Taxes (CBDT) has launched an automated dedicated e-portal on the e-filing website of the department to receive and process complaints of tax evasion, foreign undisclosed assets as well […]

Maruti Suzuki stops dealers from giving extra discounts: CCI probe

New Delhi, Jan 12 (IANS) A probe by the Competition Commission of India’s (CCI) investigation arm has found that Maruti Suzuki restricted its dealers from passing on extra discounts to the customers, sources said. The investigation wing of the anti-trust body submitted its report on the probe on Tuesday. According to sources, the report mentions […]

Could 2021 be the year of midcaps?

New Delhi, Jan 12 (IANS) Midcap stocks outperformed large cap stocks in 12 out of last 20 years, including in 2020. A comparison of the large caps meaning Nifty 50 and midcaps meaning Nifty 100 Midcap Index shows that in the year 2020, midcaps outperformed large caps by 7 per cent. While large caps gave […]

Finance

Passenger vehicle sales rise 13.6% in December

New Delhi, Jan 14 (IANS) Sale of passenger vehicles increased by 13.59 per cent in December 2020, according to data from the Society of Indian Automobile Manufacturers (SIAM) released on Thursday. A total of 2.53 lakh passenger vehicles were sold last month compared to over 2.22 lakh units during the same period of 2019. Two-wheeler […]

SEBI debars host of CNBC Awaaz show

New Delhi, Jan 13 (IANS) Hemant Ghai, an anchor with CNBC TV 18, has been debarred by the Securities and Exchange Board of India (SEBI) from trading in stock markets and offering investment advice. Madhabi Puri Buch, wholetime member, SEBI, passed an interim order on Wednesday in the case of CNBC Awaaz show “Stock 20-20”, […]

Maha stops automatic adoption of Centre’s GST circulars

New Delhi, Jan 13 (IANS) In a clear case of defiance of the Centre’s authority on GST matters, the Maharashtra government has decided that the state would have the last say in the applicability of circulars defining regulations on issues of the indirect tax. A circular issued by the Maharashtra Goods and Service Tax Department […]

Wipro reports 21% growth in Q3 net profit

Mumbai, Jan 13 (IANS) IT major Wipro on Wednesday reported 20.85 per cent growth in its consolidated net profit for the October-December quarter at Rs 2,968 crore. The company had reported a net profit of Rs 2,455.9 crore during the corresponding period of the last fiscal (FY2019-20). Its revenue increased 1.3 per cent during the […]

Infosys logs 16.6% growth in Q3 net profit

Mumbai, Jan 13 (IANS) IT major Infosys on Wednesday reported a 16.6 per cent year-on-year growth in its consolidated net profit for October-December period at Rs 5,197 crore. Its net profit during the corresponding period of the previous fiscal (FY2019-20) stood at Rs 4,457 crore. The company reported a revenue of Rs 25,927 crore during […]

Markets

With 1.3 cr tonnes production, Telangana on way to become rice bowl

Hyderabad, Jan 14 (IANS) Telangana is on way to emerge as the rice bowl of India with the rice production reaching 1.3 crore tonnes during 2019-20. With completion of new irrigation projects and increase in land under irrigation, the production increased by more than 20 per cent over the previous year. Telangana, which grows rice […]

Parliament session from Jan 29, FM to present Budget on Feb 1

New Delhi, Jan 14 (IANS) The Budget session of Parliament will commence from January 29, with Union Finance Minister Nirmala Sitharaman set to present the Union Budget on February 1. The session will be held in two parts — from January 29 to February 15 and March 8 to April 8. The 5th session of […]

Wholesale inflation eases to 1.2% in December

New Delhi, Jan 14 (IANS) Wholesale inflation for December declined to 1.22 per cent due to lower food inflation, official data showed on Thursday. In November, the inflation based on Wholesale Price Index (WPI) was 1.55 per cent. The data released by the Ministry of Commerce and Industry showed that food inflation fell to 0.92 […]

Essar to set up low carbon hydrogen production hub in UK

New Delhi, Jan 13 (IANS) Essar, which operates downstream energy businesses in the UK, and Progressive Energy, developers of HyNet North West, have joined forces to set up a venture to produce low carbon hydrogen at Essar’s Stanlow Refinery in Ellesmere Port, Cheshire. The joint venture will manufacture hydrogen at the refinery for use across […]

‘Amazon Academy’ launched to aid students with JEE preparations

New Delhi, Jan 13 (IANS) Amazon India on Wednesday announced launch of ‘Amazon Academy’ to help students preparing for the Joint Entrance Examination (JEE) for entrance to engineering colleges. In a statement, Amazon India said that the online preparation offering will equip students with in-depth knowledge and practice routines required for the JEE, through curated […]

Budget

Shri Gaurav Gogoi, MP & Spokesperson criticised government on Budget 2020

Source : Press release INC ( 5th Feb 2020) Shri Gaurav Gogoi, MP & Spokesperson said during press release said there was a lot of expectation with the recent budget after the 2019 mandate of Prime Minister Modi. The people expected huge benefit but neither people got any benefit in the first five years of […]

Budget 2020 Analysis by PRS Legislative Research

Budget Highlights  Expenditure:  The government proposes to spend Rs 30,42,230 crore in 2020-21, which is 12.7% higher than the revised estimate of 2019-20.  Receipts:  The receipts (other than net borrowings) are expected to increase by 16.3% to Rs 22,45,893 crore, owing to higher estimated revenue from disinvestments.    GDP growth:  The government has assumed a nominal […]

Budget 2020 :Shri P. Chidambaram, former Union Minister reaction to Budget

Source : Press Release of INC (1st Feb 2020) Shri Chidambaram said that I am at a loss to understand what was the message intended to be conveyed by Budget 2020-21. I am also not able to recall any memorableidea or statement in the speech” He said the government has given up on reviving the […]

Budget 2020 Summary

Here is the Summary of Budget 2020 presented by Finance Minister Smt. Nirmala Sitharaman on 1st Feb 2020. In the health sector, the Budget proposes more than 20,000 empanelled hospitals under PM Jan Arogya Yojana for poor people; and expansion of Jan Aushadhi Kendra Scheme to all districts offering 2000 medicines and 300 surgicals by […]

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