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”, […]

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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 […]

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Reliance Infra completes sale of entire 74% shareholding in Parbati Koldam Transmission Company Limited to India Grid Trust

Mumbai, Jan 9 (IANS) Reliance Infrastructure Limited (RInfra) on Saturday announced the successful completion of sale of its entire 74 per cent equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of Rs 900 crore. RInfra owns 74 per cent in PKTCL located in the state […]

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63 moons urges NCD, FD holders to oppose DHFL resolution plan at NCLT, seek Rs 30,000 cr (Lead)

Mumbai, Jan 8 (IANS) 63 moons technologies has invited other non-convertible debentures (NCD) and fixed deposit (FD) holders of Dewan Housing Finance Ltd (DHFL) to oppose the DHFL resolution plan at the National Company Law Tribunal Mumbai, by filing separate applications to seek fraudulent transaction recovery benefits of Rs 30,000 crore. The company stated that […]

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63 moons urges NCD, FD holders to oppose DHFL resolution plan at NCLT, seek Rs 30,000 cr

Mumbai, Jan 8 (IANS) 63 moons technologies has invited other non-convertible debentures (NCD) and fixed deposit (FD) holders of Dewan Housing Finance Ltd (DHFL) to oppose the DHFL resolution plan at the National Company Law Tribunal Mumbai, by filing separate applications to seek fraudulent transaction recovery benefits of Rs 30,000 crore. The company stated that […]

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Global cues, GDP data push market higher, auto stocks rise (Ld)

Mumbai, Jan 8 (IANS) Favourable global cues along with positive domestic macro economic data pushed the Indian equity indices higher during the mid-afternoon trade session on Friday. Accordingly, Nifty opened at record highs and continued its positive momentum towards 14,300 levels. Buying interest was visible across sectoral indices. Amongst sectors, Media, Auto, IT, Realty and […]

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Udaan raises $280m in additional financing from existing and new investors

New Delhi, Jan 6 (IANS) Udaan, Indias largest business-to-business (b2b) e-commerce platform, announced on Wednesday that it has raised $280 million in additional financing from its existing and new investors. The financing highlights the immense potential of the Indian b2b e-commerce market and market-fit of Udaan’s business model to the Indian trade market. The existing […]

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Despite Covid, Hyderabad sees surge in new office space in 2020

Hyderabad, Jan 6 (IANS) Despite the supply challenges owing to the Covid-induced lockdowns and mass exodus of labour during 2020, Hyderabad’s office market recorded second highest annual supply numbers in the country. According to leading international property consultant Knight Frank, Hyderabad saw 8.7 million square feet of new office space entering the market during the […]

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Rs 1,100 cr push for rubber plantation in northeast India

By Sujit ChakrabortyGuwahati/Agartala, Jan 6 (IANS) Industry body Automotive Tyre Manufactures Association (ATMA) will invest Rs 1,100 crore to undertake rubber plantation in additional 2,00,000 hectares of land in northeast India in the next five years, officials said on Wednesday. Union Commerce and Industry Minister Piyush Goyal, while participating in a virtual seminar, thanked ATMA […]

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Bajaj Auto reports 11% rise in December sales

Mumbai, Jan 4 (IANS) Two-wheeler and commercial vehicle manufacturer Bajaj Auto on Monday reported a 11 per cent growth in total sales during December on a year-on-year basis. According to the company, total sales during the month under review grew to 3,72,532 units from 336,055 units sold during the corresponding month of 2019. However, Bajaj […]

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Centre invites EoIs for 26% stake sale in BEML

New Delhi, Jan 3 (IANS) The government has invited expressions of interest (EoI) for the strategic sale of 26 per cent stake in BEML. BEML is a ‘Miniratna’ Category-1 Public Sector Undertaking, under the administrative control of Ministry of Defence (MoD). The government currently holds 54.03 per cent stake in it. “GoI proposes to disinvest […]

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MUFG Bank dismissed employees to approach Labour Commissioner for relief

By Venkatachari JagannathanChennai, Jan 2 (IANS) The dismissed employees of the Japan’s MUFG Bank in India will file a complaint with the Labour Commissioner for reinstatement, said a top official of All India Bank Employees’ Association (AIBEA). “Complaints will be filed with the Labour Commissioners in Chennai and Delhi against the sudden dismissal of employees […]

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Airtel, Vodafone Idea partners sabotaging network in Punjab and Haryana: Reliance Jio

New Delhi, Jan 1 (IANS) Reliance Jio Infocomm Ltd (RJIL) has said that there are “blatant efforts” to sabotage its network in the garb of farmers’ protest by the channel partners of Bharti Airtel and Vodafone Idea. In letters sent to Anshu Prakash, Secretary, Department of Telecommunications (DoT) and P.D. Vaghela, Chairman, Telecom Regulatory Authority […]

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RBI introduces Digital Payments Index

Mumbai, Jan 1 (IANS) The Reserve Bank of India (RBI) has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments across the country. The RBI-DPI comprises of five broad parameters that enable measurement of deepening and penetration of digital payments in the country over different time periods. These parameters […]

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Centre clears new industrial area in Karnataka: Minister

Bengaluru, Dec 31 (IANS) The Central government has cleared the new industrial area at Tumakuru in Karnataka under the Chennai-Bengaluru industrial corridor project, state Industry Minister Jagadish Shettar said on Thursday. “The Cabinet Committee on Economic Affairs (CCEA) on Wednesday cleared the Rs 1,702- crore Tumakuru industrial area, which has the potential to create 88,500 […]

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Natural gas network in industrial areas of UP

Lucknow, Dec 28 (IANS) In view of the rapid industrial growth and investment in the manufacturing sector in Uttar Pradesh, the Yogi Adityanath government has issued guidelines for the supply of piped natural gas (PNG) to the industrial development authorities with the objective of environmental conservation and providing safe fuel to the industries. Necessary steps […]

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ICICI Bank unleashes tech-enabled products to enhance retail portfolio (IANS Special)

By Rohit VaidNew Delhi, Dec 25 (IANS) To buck the Covid induced downtrend, lending major ICICI Bank plans to pursue the technology route to expand its retail presence. Accordingly, the lender has introduced a slew of technology based products for customers, especially for millennial population. Recently, the private lender launched ‘iMobile Pay’ app which offers […]

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After data-led growth amid pandemic, tariff hike, 5G expected in 2021

New Delhi, Dec 24 (IANS) Accentuated Internet data usage amid the novel coronavirus pandemic turned out to be a silver lining for the financially-stressed telecom sector of India. Although the industry witnessed sharp erosion in its subscriber base initially during the lockdown, March-April, the work-from-home trend along with webinars and usage of video streaming platforms […]

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FM wraps up pre-Budget consultations, over 170 take part in 15 virtual meetings

New Delhi, Dec 23 (IANS) Finance Minister Nirmala Sitharaman on Wednesday concluded pre-budget consultation meetings for budget 2021-22 held in virtual mode. More than 170 invitees representing 9 stakeholder groups participated in 15 meetings scheduled between December 14 and 23. The stakeholder groups include financial and capital markets; health, education and rural development; water and […]

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RBI Guv discusses credit flow, rate cut transmission with bank MDs

Mumbai, Dec 23 (IANS) Reserve Bank Governor Shaktikanta Das continued discussions with MDs and CEOs of both public and private sector banks on Wednesday. The discussions, which began Tuesday, included the assessment of the current economic situation and outlook, monetary policy transmission, credit flows to different sectors of the economy including stressed sectors and MSMEs, […]

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India assures B’desh of cooperation in ensuring barrier-free trade: Minister

New Delhi, Dec 23 (IANS) India has assured Bangladesh of cooperation in ensuring barrier-free trade. Accordingly, the assurance was conveyed by Minister of Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution Piyush Goyal. Addressing India-Bangladesh Digital Conference on Agriculture Sector, he said that we have offered duty-free market access to Bangladesh in […]

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ICICI Bank launches online platform for foreign companies setting up India ops

Mumbai, Dec 22 (IANS) Lending major ICICI Bank has launched an online platform to cater the needs of foreign companies looking to establish or expand business in the country. The platform ‘Infinite India’ offers these companies banking solutions as well as value-added services such as incorporation of a business entity, corporate filings, licences and registrations, […]

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Consumer empowerment in Power sector

New Delhi, Dec 21 (IANS) Ministry of Power has introduced new rules laying down the rights of consumers, a first initiative towards consumer empowerment in the power sector. Issuing the rules Minister of State for Power R.K. Singh said that these shall empower the consumers of electricity. These rules emanate from the conviction that the […]

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ONGC starts oil production in Bengal Basin

New Delhi, Dec 20 (IANS) Oil and Natural Gas Corporation Ltd (ONGC) has commenced oil production from the Asokenagar-1 well, Bengal Basin in West Bengal’s 24 Paragana districts. In a statement, the public sector energy major said that Union Petroleum & Natural Gas Minister, Dharmendra Pradhan on Sunday dedicated the Bengal Basin, the eight producing […]

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Digitisation, compassionate leadership help cos perform better in Covid era

By Archana SharmaJaipur, Dec 18 (IANS) Amid the ongoing Covid-19 pandemic, corporate houses have quickly adopted the newer guidelines on safety and are, therefore, recovering from the pandemic situation much faster than expected. Redefining Human Resource (HR) practices via digitisation and compassionate leadership, these companies are setting new benchmarks to reach greater heights while caring […]

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Finance Minister Sitharaman attends 1st BRICS Finance Ministers, Central Bank Governors Meeting

New Delhi [India], November 10 (ANI): Union Minister for Finance and Corporate Affairs Nirmala Sitharaman participated in the first BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting under the BRICS Russian Chairmanship on Monday. As per an official release, the agenda of the meeting included discussions on the outcomes of the G20 Saudi Presidency […]

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India handled COVID-19 pandemic better than estimated; economy picked up momentum from September: SBI reports

Mumbai (Maharashtra) [India], November 9 : India has handled the COVID-19 pandemic much better with the estimated confirmed cases, a research report by State Bank of India (SBI) Ecowrap said here on Monday. Speaking about the economy, another SBI research report titled “Five Months After Unlock”, said it picked up momentum in September.The report titled, […]

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