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

IANS Impact: Bharti Airtel puts out amended subscriber figures for May 2021

New Delhi, Aug 1 (IANS) After an IANS report pointed out identical fall in subscribers for all 26 circles of Bharti Airtel, the company has sent out amended data in supersession of the earlier numbers. IANS had reported on July 30 that all 26 telecom circles of Bharti Airtel show the same fall of subscribers […]

IDFC First Bank’s Q1FY22 net loss at Rs 630 cr

New Delhi, July 31 (IANS) IDFC First Bank on Saturday reported a net loss of Rs 630 crore for Q1FY22. “Net Loss of Rs 630 crore for Q1FY22 because of prudent provisions for Covid wave 2.0,” the bank said in a statement. “Covid provision pool increased from Rs 375 crore to Rs 725 crore during […]

NHSRCL casts first full height pier for Bullet train project

New Delhi, July 31 (IANS) The National High Speed Rail Corporation Limited (NHSRCL) on Saturday said it has cast the first full height pier on the 508-km Mumbai-Ahmedabad High Speed Rail (MAHSR) project, popularly known as the Bullet Train project. NHSRCL Spokesperson Sushma Gaur said the NHSRCL took a significant step forward in its construction […]

Full functional autonomy for PSU general insurers not privatisation: Unions

By Venkatachari JagannathanChennai, July 31 (IANS) Demanding functional autonomy and opposing privatisation, the major unions in the government owned general insurers are not buying Finance Minister Nirmala Sitharaman’s views about the reasons for the government amending the General Insurance Business (Nationalisation) Act, 1972. The unions also do not rule out a Lakshmi Vilas Bank (LVB) […]

Lockdown relaxation accelerated June auto sales growth: Ind-Ra

New Delhi, July 31 (IANS) Relaxation of localised lockdowns in most parts of the country led to the sequential as well as year-on-year increase in domestic auto sales volumes in June 2021, India Ratings and Research (Ind-Ra) said. Accordingly, the agency, credited the trend on the reopening of automotive dealerships and the resumption of operations […]

Finance

Tata Motors’ domestic sales in July at 51,981 units

New Delhi, Aug 1 (IANS) Tata Motors sold 51,981 units last month, compared to 27,711 units during July 2020. The nearly two-fold growth came on the back of low base as sales, during the corresponding period last year, were impacted due to Covid and the lockdowns. The company sold 23,848 units of commercial vehicles in […]

India’s 5G space booming with global, domestic players pitching in

New Delhi, Aug 1 (IANS) India’s 5G dreams may have been delayed amid the pandemic but this has not been able to detract the equipment makers from engaging in terms of equipment manufacturing and network development. Further, both domestic and global companies are set to benefit from the non-participation of Chinese majors Huawei and ZTE […]

Maruti Suzuki sells 1.62 lakh vehicles in July

New Delhi, Aug 1 (IANS) Maruti Suzuki India sold a total of 1,62,462 units of vehicles in July 2021. During the same period last year, the company sold 1,08,064 vehicles. In a statement, the company noted that while the domestic sales in July 2021 is better than that of July 2020, a comparison is not […]

FPIs take exit route in July, net withdrawal from equities at Rs 11,308 Cr

Mumbai, Aug 1 (IANS) Foreign portfolio investors (FPI) pulled out net investments worth Rs 11,308 crore from Indian equities in July. Investors turned cautious amid concerns of rising cases of Covid-19 in several countries. High oil prices also weighed on the investor sentiments, analysts said. The outflow comes after net FPI investment in June stood […]

GST revenue collection for July at over Rs 1.16 lakh cr

New Delhi, Aug 1 (IANS) The gross GST revenue collected in the month of July 2021 was Rs 1,16,393 crore. Out of the total revenue collected CGST was Rs 22,197 crore, SGST was Rs 28,541 crore, IGST was Rs 57,864 crore — including Rs 27,900 crore collected on import of goods — and Cess was […]

Markets

‘Pandemic creates opportunities to enhance Indo-US tech ties’

New Delhi, Aug 1 (IANS) As the online and technology space witnessed great strides amid the Covid-19 pandemic, sector stakeholders are of the view that India-US relations, in terms of information technology, have scope to grow further at a much greater pace. Speaking at the 2nd Indo-US Services Summit organised by Indo-American Chamber of Commerce-NIC […]

Venugopal Dhoot moves NCLAT against NCLT nod to Twinstar’s bid for Videocon

Mumbai, Aug 1 (IANS) Videocon Group’s former promoter, Venugopal Dhoot, has moved the National Company Law Appellate Tribunal (NCLAT) against the NCLT’s approval to the bid of Twinstar Technologies for Videocon Industries Ltd. Along with the plea to set aside the resolution plan of Vedanta Group firm Twinstar, Dhoot has also urged the appellate tribunal […]

Govt crackdown on erring insolvency professionals, IBBI institutes hefty penalties

By Subhash NarayanNew Delhi, Aug 1 (IANS) The Centre has proposed a crackdown on insolvency professionals that develop nexus with companies facing bankruptcy proceedings thereby delaying the resolution process. Bankruptcy regulator, the Insolvency and Bankruptcy Board of India (IBBI) has tightened disciplinary proceedings for insolvency professionals (IPs), instituting heavy penalties for violations of laid down […]

NTPC Q1 net profit rises 27.35% to over Rs 3,000 cr

New Delhi, July 31 (IANS) The country’s largest power generator NTPC Ltd. has reported 27.35 per cent increase in its net profit during the first quarter of current fiscal on the back of higher generation and improved demand for power. The company reported Q1 FY22 net profit of Rs 3,145.63 crore as against Rs 2,470.16 […]

Hopes of healthy Q1 results to push equities higher (Market Outlook)

By Rohit VaidNew Delhi, July 31 (IANS) The upcoming monetary policy review coupled with the ongoing financial results season will influence the trajectory of key equity indices in the week ahead. Accordingly, market observers, expect a status-quo on key lending rates as well as hopes of healthy Q1 earnings to push the indices’ higher. Besides, […]

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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