New Delhi, Jan 22 (IANS) Reliance Industries Ltd (RIL) on Friday reported a rise of over 25 per cent in its consolidated net profit for the quarter ended December 31 of FY2020-21 on a year-on-year (YoY) basis. The company’s consolidated net profit during the third quarter of FY21 increased to Rs 14,894 crore from Rs […]

New Delhi, Jan 22 (IANS) Sentiments of Indians regarding the economic prospects of the country have improved in January, according to the Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI). The PCSI Economic Expectations Sub-Index for January has increased 3.5 percentage points. The overall consumer confidence increased by 4.7 percentage points in January 2021, said an IPSOS […]

Mumbai, Jan 22 (IANS) Telecom major Reliance Jio Infocomm on Friday reported a 15.5 per cent growth on a quarter-on-quarter basis in its consolidated net profit for the quarter-ended December to Rs 3,489 crore. During the July-September quarter, the company’s net profit stood at Rs 3,020 crore. The telecom major’s operating revenue during the period […]

New Delhi, Jan 22 (IANS) Reliance Industries Ltd (RIL) on Friday reported a rise of over 25 per cent in its consolidated net profit for the quarter ended December 31 of FY2020-21 on a year-on-year (YoY) basis. Accordingly, the company’s consolidated net profit during the third quarter of FY21 increased to Rs 14,894 crore from […]

New Delhi, Jan 22 (IANS) As the government emphasises on making India a manufacturing hub for mobile and electronics, the India Cellular & Electronics Association (ICEA) has said that the scheme of Remission of Duties and Taxes on Exported Products (RoDTEP), if implemented in the electronics sector, would lead to import substitution. In a recent […]

New Delhi, Jan. Jan 22 (IANS) India Inc. is optimistic about the Union Budget FY21-22 as it is expected to give a strong push to the economy, business and industry. According to a recent survey conducted by Deloitte Touche Tohmatsu India LLP (DTTILLP), a majority (68 per cent) of the 180 industry leaders are positive […]

By Rohit VaidNew Delhi, Jan 22 (IANS) India’s aviation sector is set to become a major beneficiary of the massive anti-Covid vaccination programme which has re-ignited the confidence of the travellers. Market insiders have cited that the commencement of the inoculation drive has raised travellers’ optimism, which will not only boost air travel, but also […]

New Delhi, Jan 22 (IANS) The Supreme Court on Friday declined to entertain a plea by Vedanta seeking recall of its December 2 order, where it had declined to entertain an interim plea by the mining major to inspect and operate its Sterlite Copper unit in Tamil Nadu’s Tuticorin. The Tamil Nadu government had filed […]

Mumbai, Jan 22 (IANS) A day after claiming the landmark 50,000 level for the first time, the BSE Sensex plunged below the 49,000 mark on Friday. It fell 746.22 points, or 1.50 per cent, to close at 48,878.54 as heavy selling was witnessed in banking, finance and metal stocks. The Nifty50 on the National Stock […]

New Delhi, Jan 22 (IANS) Emaar India Ltd. on Friday accused MGF Group and its Chairman Shravan Gupta of trying to illegally transfer a land parcel in Okhla. In a statement, Emaar cautioned against dealing with MGF Group, Gupta and associates in respect of the land parcel which was valued at nearly Rs 500 crore […]

Mumbai, Jan 22 (IANS) The Indian equity indices plunged on Friday afternoon with the BSE Sensex losing around 550 points. Heavy selling in banking, finance and metal stocks weighed on the indices. Around 2.40 p.m., Sensex was trading at 49,073.58, lower by 551.18 points or 1.11 per cent from its previous close of 49,624.76. It […]

Mumbai, Jan 21 (IANS) The National Stock Exchange of India Ltd (NSE) has emerged as the world’s largest derivatives exchange in 2020 in terms of the number of contracts traded, according to data maintained by Futures Industry Association (FIA), a derivatives trade body. The exchange has been adjudged the first rank for the second consecutive […]

Mumbai, Jan 21 (IANS) Positive global cues and expectations of healthy quarterly results along with that of a supportive Union Budget FY22 powered the ascent of India’s barometer index — the S&P BSE Sensex — to cross the 50,000-mark on Thursday. Coming a day after Joe Biden’s inauguration as US President, the BSE Sensex mirrored […]

Mumbai, Jan 21 (IANS) The much-anticipated moment of the Indian stock market for the past few weeks arrived on Thursday as the BSE Sensex crossed the 50,000 mark for the first time in its history. The achievement gains significance as it comes on the back of bull-run despite the pandemic and the eventual economic slowdown. […]

Mumbai, Jan 20 (IANS) Shares of Tata Communications plunged over 6 per cent on Wednesday after the government announced to sale its entire 26.12 per cent stake in the company. At 12.10 p.m., its shares were trading at Rs 1,060.65, lower by Rs 69.30 or 6.13 per cent from its previous close. In a notice […]

New Delhi, Jan 20 (IANS) Petrol and diesel prices remained unchanged on Wednesday after oil marketing companies went on a pause mode to provide relief to consumers after prices of auto fuels went up consistently for the past few days. Accordingly, petrol continues to be sold at Rs 85.20 a litre in Delhi while diesel […]

Mumbai, Jan 20 (IANS) The key Indian equity indices rose on Wednesday morning with the BSE Sensex gaining over 200 points. The index was trading above the 49,600 mark. Healthy buying was witnessed in auto and IT stocks. Around 10 a.m., Sensex was trading at 49,603.64, higher by 205.35 points or 0.42 per cent from […]

New Delhi, Jan 19 (IANS) Byju’s founder Byju Raveendran, and Snapdeal Co-founder Kunal Bahl, among others, have been nominted as non-official members on the National Startup Advisory Council. The government has nominated several people representing various stakeholders such as founders of successful startups, veterans who have grown and scaled companies in India, persons capable of […]

New Delhi, Jan 19 (IANS) In a major judgement, the National Company Law Appellate Tribunal (NCLAT) has held that any resolution plan proposed by a bidder who had not participated in the corporate insolvency resolution process (CIRP) cannot be considered by the NCLT, even if the plan offers a better deal. “We are of the […]

New Delhi, Jan 19 (IANS) Raising concerns over the recently announced changes to WhatsApp’s privacy policy, the Union Ministry of Electronics and IT has asked the messaging platform to withdraw the recent change. In its strongly worded letter to WhatsApp CEO Will Cathcart, the ministry has slammed the platform’s “all or nothing” approach. The letter […]

Mumbai, Jan 19 (IANS) The Indian equity indices surged on Tuesday, with the BSE Sensex gaining over 800 points. The across the board rise was led by healthy buying activity in auto, finance, capital goods and oil and gas stocks. Surge in the index-heavyweights Reliance Industries (RIL) and HDFC led the rise on Sensex, which […]

Mumbai, Jan 19 (IANS) The Indian equity indices continued their upward trajectory during the afternoon trade on Tuesday, with the BSE Sensex gaining over 700 points. The across-the-board rise was led by healthy buying activity in auto, finance, capital goods and oil and gas stocks Surge in the index-heavyweights Reliance Industries (RIL) and HDFC led […]

Mumbai, Jan 19 (IANS) The BSE Sensex surged over 500 points on Tuesday to reclaim the 49,000-mark. Healthy buying activity was witnessed in auto, finance, capital goods and oil and gas stocks. Around 11.25 a.m., Sensex was trading at 49,132.65, higher by 568.38 points or 1.17 per cent from its previous close of 48,564.27. It […]

Mumbai, Jan 19 (IANS) The key Indian equity indices opened on a positive note on Tuesday with the BSE Sensex rising over 400 points. The across-the-board buying was led by auto, metal and oil and gas stocks. Around 10.10 a.m., Sensex was trading at 48,991.77, higher by 427.50 points or 0.88 per cent from its […]

New Delhi, Jan 18 (IANS) Even as the healthcare sector witnessed squeezing of revenues due to the Covid-19 pandemic, its long-term outlook remains stable on the back of swift rebound in occupancy as well as structural factors, ICRA said on Monday. The rating agency expects the occupancy of companies in the sector to bounce back […]

New Delhi, Jan 18 (IANS) The Common Services Centers (CSC) has partnered with Sterlite Technologies Limited (STL) to train one lakh Village Level Entrepreneurs (VLEs) for maintenance of the BharatNet, telecom infrastructure across the country, to strengthen availability of reliable internet to the citizens enabling their participation in digital governance and economy. The training on […]

Mumbai, Jan 18 (IANS) The Indian stock market dropped for the second consecutive day on Monday, with the BSE Sensex losing over 1,000 points in two sessions. The stocks tumbled amid weak global cues and profit booking by investors, analysts said. “Indian equity benchmark indices witnessed profit taking for the second consecutive day on January […]

Chennai, Jan 18 (IANS) Japan’s multi-product Daicel Corporation will set up an automotive airbag inflator plant near here at an investment of Rs 230 crore. “In the first phase the investment will be Rs.230 crore. The focus will be on the domestic market. Based on the demand we will look at other markets,” an official […]

New Delhi, Jan 18 (IANS) Sugar production rose nearly 31 per cent to 142.70 lakh tonne in the three and a half months of the current sugar season (SS) 2020-21 (October-September) as compared to the last year as per the data released by the apex industry body, Indian Sugar Mills Association (ISMA) on Monday. As […]

Vijayawada, Jan 16 (IANS) The Vijayawada division of the South Central Railway (SCR) will operate two more special one way trains on Sunday from Narasapuram and Anakapalli to Secunderabad to clear the Sankranti rush. “In order to clear extra rush during Sankranti festival, SCR will run two one way special trains from Narsapur to Secunderabad […]

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 […]

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 […]

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 […]

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 […]

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 […]

Jaipur, Jan 12 (IANS) The Rajasthan government is committed to facilitate ease of doing business and help industries become competitive. The state government has set up a single-window system in which officials from 14 departments are providing permissions in 100 different areas related to industries. MSMEs can avail permissions easily through the Raj portal without […]

New Delhi, Jan 12 (IANS) The Director General of GST Intelligence (DGGI) has issued a show cause notice to e-commerce major Amazon India over alleged wrong claim of input tax credit (ITC). The GST intelligence arm has raise a demand of Rs 175 crore, sources said. An investigation by DGGI has found calculation errors made […]

New Delhi, Jan 12 (IANS) Retail inflation declined to 4.59 per cent in December 2020 compared with 6.93 per cent in November last, government data showed on Tuesday. The data released by the Ministry of Statistics and Programme Implementation showed that the easing of the Consumer Price Index (CPI) came on the back of a […]

Mumbai, Jan 12 (IANS) The Indian stock market rose to new highs in the afternoon session of trade on Tuesday backed by bullish RIL stocks, after a choppy trade initially. Both the BSE Sensex and the Nifty50 on the National Stock Exchange (NSE) rose above the psychological levels of 49,500 and 14,500 points, respectively. The […]

New Delhi, Jan 12 (IANS) The automobiles sector is expected to face commodity cost inflation which will be offset by price hikes, lower discounts, cost cutting, and operating leverage, according to a report by Motilal Oswal Institutional Equities. The report said spot prices of base commodities saw a sharp increase (15-40 per cent) over 2QFY21. […]

New Delhi, Jan 11 (IANS) Eyeing completion of the ambitious Dedicated Freight Corridor (DFC) by June 2022, Railways Minister Piyush Goyal on Monday reviewed the progress of various sections under completion on both the East and West corridors and said that it needs to be monitored on daily basis. Goyal was apprised by railway officials […]

New Delhi, Jan 11 (IANS) Hospitality major OYO has brought investor Martin HP Soderstrom on the board of directors of its European business of OYO Vacation Homes (OVH) as a Non-Executive Director. In a statement, the company said that Martin will also be buying shares worth an undisclosed amount in the parent company. The move […]

New Delhi, Jan 11 (IANS) BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) have resolved the matter with Aravali Power Corporation Private Limited (APCPL) and have paid Rs 352.27 crore and Rs 47.34 crore, respectively, as per the demand, A BSES spokesperson said on Monday. The spokesperson added that discoms are committed […]

Bengaluru, Jan 11 (IANS) Kempe Gowda International Airport, Bengaluru, scripted history on Monday afternoon when Captain Channappa Venkatappa Madhu took off for a non-stop Air India flight connecting to San Francisco, covering more than 14,000 km in approximately 16 hours. Prior to the flight taking off at at 2:30 pm, both Air India and Bengaluru […]

New Delhi, Jan 11 (IANS) Middle class tax payers may get a lot to cheer about the Budget proposals to be presented by Finance Minister Nirmala Sitharaman next month. Sources said that the Budget 2020-21 may take the sops announced earlier under the Atmanirbhar Bharat package to help people in their fight against the Covid-19 […]

New Delhi, Jan 11 (IANS) Now that the government is close to initiating a vaccination plan for Covid-19, fresh hope is riding among inbound tour operators about resumption of their business which is the hardest hit during the pandemic. The Indian Association of Tour Operators, has urged the Ministry of Tourism and Ministry of Home […]

Hyderabad, Jan 11 (IANS) US-based insurance major MassMutual will be setting up its global capability centre in Hyderabad with an initial investment of Rs 1,000 crore. Telangana’s Minister for Industry and Information Technology K.T. Rama Rao shared the news on Monday. “What better way to start the week than to welcome a top Fortune-500 company […]

Mumbai, Jan 11 (IANS) The bullish sentiments in the Indian equity market continue to hold strong as the BSE Sensex crossed the 49,000-mark for the first time in its history. The rise in domestic indices came on the back of a positive trend in the global markets along with robust Q3 earnings. Healthy buying was […]

Mumbai, Jan 11 (IANS) The BSE Sensex crossed the 49,000-mark for the first time ever on Monday and the Nifty50 on the National Stock Exchange was trading above 14,400. Healthy buying was witnessed in the IT, telecom and FMCG stocks. Around 9.34 a.m., Sensex was trading at 49,211.61, higher by 429.10 points or 0.88 per […]

New Delhi, Jan 10 (IANS) The National Committee on Textiles and Clothing (NCTC) has appealed to Prime Minister Narendra Modi to remove Anti-Dumping Duty (ADD) on Viscose Staple Fibre (VSF) and address the VSF spun yarn availability and price issues to curb job losses and stoppage of production across the VSF textile value chain, jhe […]

New Delhi, Jan 10 (IANS) The logistics sector is at the cusp of the next phase of growth on the back of the push for manufacturing and infrastructure development in the country, market players feel. With the country emerging out of the pandemic, and technology taking a whole new meaning in this post-Covid world, they […]

By Rituraj BaruahNew Delhi, Jan 10 (IANS) Aluminium products maker Jindal Aluminium Ltd has not witnessed any pandemic impact on its exports and the international demand is expected to grow with the emerging markets, said Pragun Jindal Khaitan, Vice-Chairman & Managing Director of the company. In an interaction with IANS, Khaitan, noted that the growth […]

Mumbai, Jan 10 (IANS) The Twitter handle of the National Stock Exchange (NSE) had tweeted photos of Bollywood actress Mouni Roy, for which the exchange has apologised saying the incident was the result of a human error made by the agency handling NSE’s account. The photos were tweeted on Saturday with the caption: “Souring Saturday […]

By Subhash NarayanNew Delhi, Jan 10 (IANS) After oil, India may now build strategic reserve of natural gas to further strengthen the country’s energy security and shield itself from supply disruptions and frequent price fluctuations coming from perennial political risks in the prime energy supplying countries in the Middle East and Africa. The reserve will […]

By Rohit VaidMumbai, Jan 10 (IANS) Macro-economic data points along with expectations of healthy quarterly results and developments surrounding the rollout of anti-Covid vaccine are expected to give further imputes to the current market rally. However, observers cited that even volatility on account of profit booking will likely trigger in bottom fishing, thereby reigniting the […]

Koppal (Karnataka), Jan 9 (IANS) The next time your child plays with a remote controlled car, watch it, as it might well be manufactured in Karnataka. Bhanapur, a remote village in Koppal district, is poised to attain star status with the Karnataka government the laying foundation stone for the country’s first toy manufacturing cluster in […]

Mumbai, Jan 9 (IANS) The 3QFY21 earnings are expected to be led by cyclical sectors such as metals and cement, even as healthcare is expected to post another solid quarter, Motilal Oswal said in a report. According to the report, the festive season has aided the demand recovery, and with vaccination against Covid-19 set to […]

Mumbai, Jan 9 (IANS) The financial sectors’ earnings are poised for recovery led by healthy traction in economic recovery and abating concerns of sharp deterioration in asset quality, Motilal Oswal said in a report. According to the report, retail disbursements are showing healthy recovery with certain segments reaching pre-Covid levels or even higher. On the […]

New Delhi, Jan 9 (IANS) The government will give a discount of Rs 50 per gram under its gold bond scheme to investors who apply online and the payment is made through digital mode. As per a statement from the Finance Ministry, for investors using the digit mode for subscription, the issue price of gold […]

Mumbai, Jan 9 (IANS) The Indian pharmaceutical market (IPM) grew 8.5 per cent year-on-year (YoY) during December 2020, due to volume and price growth as well as new launches, India Ratings and Research (Ind-Ra) said in a report. Accordingly, the report cited a YoY volume growth of 0.3 per cent, price growth of 5 per […]

Bhubaneswar, Jan 8 (IANS) Coal India Ltd would cross the 650 million tonne production mark during financial year 2020-21, Chairman Pramod Agrawal said on Friday. Coal India produced 405 million tonne coal by the third financial quarter ending December 31, 2020, which has a contribution of 101.8 million tonne from Odisha-based Mahanadi Coalfields Ltd (MCL). […]

Mumbai, Jan 8 (IANS) Favourable global cues, along with positive domestic macro economic data and expectations of a healthy earning results’ season, pushed the Indian equity indices higher on Friday. The Nifty opened at record highs and continued its positive momentum throughout the day’s trade session. Globally, Asian shares rose to record highs on Friday […]

By Rituraj BaruahNew Delhi, Jan 8 (IANS) Electronic appliances maker Usha International will focus on strengthening its distribution network for the rural markets in the year ahead, said Dinesh Chhabra, CEO of Usha International. In an interaction with IANS, Chhabra said that with the growth of the digital space, the company will continue to consolidate […]

New Delhi, Jan 8 (IANS) The Piramal Group has said its bid for DHFL offers the lenders the highest upfront cash recovery, has the highest score on the COC evaluation matrix, is fully compliant with all regulatory norms, and is fully and immediately implementable. “We have full faith that the committee of creditors, comprising some […]

New Delhi, Jan 8 (IANS) Equity and equity-linked mutual fund schemes saw a net outflow of Rs 10,147.12 crore in December, showed data from the Association of Mutual Funds in India (AMFI) on Friday. The net outflow stood at Rs 12,917.36 crore in November, Rs 2,724.95 crore in October and Rs 734.40 crore in September. […]

New Delhi, Jan 8 (IANS) The increase in India’s domestic steel consumption from 2QFY21 has led to higher cost which might invite a government intervention to curb prices, India Ratings and Research said on Friday. In its steel monitor report, the agency cited that India’s domestic consumption in November 2020 was at 8.93 MT, 7.8 […]

New Delhi, Jan 8 (IANS) A day after taking petrol prices to all-time high levels in Delhi, oil marketing companies decided to keep fuel prices unchanged on Friday even though the global oil market remained firm. Accordingly, petrol prices in Delhi remained unchanged at Rs 84.20 a litre while diesel prices maintained its price line […]

Mumbai, Jan 8 (IANS) The margins for plastic film packaging companies are expected to remain healthy over the next two years, driven by the combination of a strong demand, limited capacity additions and a benign raw material price outlook, India Ratings and Research said on Friday. Accordingly, the agency estimates global BOPET (biaxially oriented polyethylene […]

Mumbai, Jan 8 (IANS) The Indian equity indices resumed their bull run on Friday with the Nifty50 on the National Stock Exchange (NSE) touching a fresh record high of 14,259.15 points. Around 10 a.m., it was trading at 14,243.80, higher by 106.45 points or 0.75 per cent from its previous close of 14,137.35 points. The […]

Bengaluru, Jan 7 (IANS) Flipkart, Indias homegrown e-commerce marketplace, on Thursday announced an MoU with the Logistics Skill Sector Council (LSC), an organisation set up by the Ministry of Skill Development and Entrepreneurship (MSDE) through National Skill Development Corporation of India (NSDC) and Karnataka Skill Development Centre (KSDC). As part of this MoU, Flipkart has […]

New Delhi, Jan 7 (IANS) Air India Express on Thursday said that it has become India’s first airline to introduce robotic technology to disinfect and clean aircraft interiors. The airline on Thursday used a robotic device fitted with an UV lamp system to disinfect one of its Boeing 737-800 aircraft at Delhi airport. At present, […]

Mumbai, Jan 7 (IANS) An intra-day dip on Thursday triggered the buying momentum in the Indian equity market in the late-afternoon trade session. Accordingly, the up-move comes after global cues subdued the market. Subsequently, investors dived into the market to buy stocks in decline which triggered another uplift. Some losses were witnessed in the IT, […]

Mumbai, Jan 7 (IANS) Real estate stocks traded on a positive note on Thursday after the Maharashtra government slashed the premium on construction of realty projects by 50 per cent till December 31, 2021. The reduction under the Development Control and Promotion Regulation 2034 would be applicable on all ongoing and new projects. Around 12.25 […]

Mumbai, Jan 7 (IANS) The key Indian equity indices opened on a positive note on Thursday with the Nifty50 on the National Stock Exchange (NSE) hitting a fresh all-time high. Nifty touched a new record high of 14,256.25 points. Healthy buying was witnessed in metal, realty, capital goods and banking stocks. Further, a positive trend […]

New Delhi, Jan 6 (IANS) AUM growth of non-banking companies, including NBFCs and HFCs, are expected to revive in FY22 to about 7-9 per cent vis-a-vis a flattish performance in the current fiscal, ICRA Ratings said on Wednesday. The segment’s AUM had registered a growth at a CAGR of 16 per cent in the period […]

New Delhi, Jan 6 (IANS) Savvy Infrastructure Pvt Ltd is set to invest Rs 700 crore more in GIFT City with the development of around five projects. The Gujarat International Finance Tec (GIFT) City has allotted 10 lakh square feet built up area to Savvy Infrastructure for development of commercial, residential and social buildings in […]

New Delhi, Jan 6 (IANS) The Department of Telecommunications (DoT) has announced that the next round of spectrum auctions will start on March 1. As per the Notice Inviting Applications issued on Wednesday, telecom companies can apply till February 5. The final list of the bidders will be declared on February 24 and bids will […]

Kakinada, Jan 6 (IANS) The South Central Railway zone’s Vijayawada division shipped 2,700 tonnes of soyabean crude oil on Wednesday from Kakinada in East Godavari district to Haldia in West Bengal, marking a victory for its marketing efforts to convert road freight into railway freight. Soyabean crude oil or degummed soya, has been loaded in […]

Mumbai, Jan 6 (IANS) Profit booking, along with global cues, pulled the key Indian equity indices lower on Wednesday. Accordingly, the key indices, after hitting fresh all-time high levels, were dragged lower by heavy selling in IT and FMCG stocks amid mixed global cues. However, the S&P BSE Sensex had opened at an all-time high […]

Mumbai, Jan 6 (IANS) Iron ore prices are expected to be elevated over the near-mid-term due to supply-side constraints clubbed with a simultaneous robust revival in demand post Covid-19 led demand shocks, India Ratings and Research said on Wednesday. In its iron ore market review, the agency said the domestic supply shortage is primarily driven […]

New Delhi, Jan 6 (IANS) Automobile major Tata Motors has branded its upcoming SUV flagship as ‘Safari’. The Tata Safari was introduced in India as a lifestyle SUV. “The Safari, an iconic brand with a strong following, has been the most sought after SUV on Indian roads for well over two decades,” said Shailesh Chandra […]

New Delhi, Jan 6 (IANS) Automobile major Maruti Suzuki on Wednesday said it has added additional models like S-Cross, Ignis and WagonR under the existing Maruti Suzuki Subscribe offering. The initiative allows a customer to use a brand-new car without actually owning it, by just paying an all-inclusive monthly fee that comprehensively covers maintenance, roadside […]

New Delhi, Jan 6 (IANS) Budget airline SpiceJet will launch 21 new domestic and international flights. Accordingly, the new flights will commence operations in a phased manner from January 12, 2021. In a statement, the airline said these flights will include four new services connecting Jharsuguda in Odisha besides a host of operations enhancing connectivity […]

New Delhi, Jan 6 (IANS) Axis Bank on Wednesday announced its partnership with Hyundai Motor India Limited (HMIL) to offer the auto retail financing solutions to its customers through the car makers end-to-end online automotive retail platform ‘Click to Buy’ (CTB). The partnership will allow customers to view process and avail auto loan sanction directly […]

New Delhi, Jan 6 (IANS) ITC Limited has set itself the target to meet 100 per cent of purchased grid electricity requirements from renewable sources by 2030. In line with its philosophy of ‘Responsible Competitiveness’, the Company has adopted a low carbon growth strategy which encompasses a large renewable energy footprint. At present, ITC meets […]

Mumbai, Jan 6 (IANS) The key Indian equity indices hit fresh all-time high levels on Wednesday morning before shedding major gains to trade marginally higher. Sensex opened at an all-time high of 48,616.66, and the Nifty50 on the National Stock Exchange touched a new record of 14,244.15 points. Around 10 a.m., Sensex was trading at […]

New Delhi, Jan 5 (IANS) The country’s ‘discretionary sectors’ are expected to take until FY22 or beyond to fully recover back to the pre-Covid-19 levels, India Ratings and Research (Ind-Ra) said on Tuesday. Accordingly, the ratings agency believes most of the supply-side shocks have softened while the demand for discretionary may take longer than other […]

By Arul LouisNew York, Jan 5 (IANS) India’s economy battered by the Covid-19 pandemic is forecast to crater by 9.6 per cent during the current financial year but can recover by 5.4 per cent next financial year if there is wide vaccination against the disease and it is contained, the World Bank reported on Tuesday. […]

New Delhi, Jan 5 (IANS) Adequate order book position, along with strong pipeline of projects and government measures, are expected to boost construction companies’ performance in FY22, ICRA said on Tuesday. The ratings agency said the outlook on the construction sector in FY22 is stable and credit profile of players are likely to recover after […]

Ludhiana, Jan 5 (IANS) The Northern India Textile Mills’ Association has urged the government to levy the Anti-Dumping Duty on Polyester Spun Yarn on the lines of similar duty proposed for Viscose Spun Yarn coming into the country from Indonesia, Vietnam and China. In a press statement issued on Tuesday, NITMA said that while the […]

Chandigarh, Jan 5 (IANS) The Punjab and Haryana High Court on Tuesday issued notices to the Punjab government and the Centre on a plea filed by Reliance Jio Infocomm Ltd (RJIL), seeking action against “miscreants” damaging its telecom infrastructure and forcibly closing its stores in the state. The court of Justice Sudhir Mittal heard the […]

New Delhi, Jan 5 (IANS) The world’s most well-known cryptocurrency Bitcoin has witnessed a sharp rise and fall over a couple of days and on Monday, it fell sharply, losing ground from a record high of $34,800 to almost $30,000, with traders citing volatility in the highly leveraged futures markets. Earlier, the world’s most well-known […]

Mumbai, Jan 5 (IANS) The key Indian equity indices rose for the 10th consecutive session on Tuesday as investors bought into declining buy stocks. The market’s up move came after global cues had subdued investors’ sentiments during the initial phase of the day’s trade. Globally, most Asian markets reversed early losses, as hopes for a […]

By Rohit VaidMumbai, Jan 5 (IANS) India’s bellwether index — Sensex — is expected to cross the 50,000 points-mark, even before the first FY22 budgetary announcements are made, as investors, both foreign and domestic, have bet big on the upcoming vaccination drive and quarterly earning season. Besides, seasonal factors such as active FII inflows, abundant […]

Chandigarh, Jan 5 (IANS) A day after Reliance Industries Limited (RIL), through its subsidiary Reliance Jio Infocomm Limited (RJIL), moved a petition seeking urgent intervention of the authorities to stop the acts of vandalism by miscreants, the Punjab and Haryana High Court on Tuesday issued notices to the Punjab government and the Centre. Justice Sudhir […]

Mumbai, Jan 5 (IANS) The Indian equity market continued its positive momentum during Tuesday’s intra-day trade. The market’s up-move comes after global cues subdued investors’ sentiments. Subsequently, investors dived into the market to buy stocks in decline which triggered another uplift. Amongst sectors, some losses were witnessed in the Metal, Auto and Realty indices. However, […]

Mumbai, Jan 5 (IANS) The Heavy Civil Infrastructure business of L&T Construction has emerged as the lowest bidder for a Package 4 of new broad-gauge line between Rishikesh and Karnaprayag, sources privy to the development said. The scope of this engineering and construction project includes completing tunnel work by Tunnel Boring Method (TBM) and New […]

Mumbai, Jan 5 (IANS) With the emergence of recovery indicators, the hospitality sector has also witnessed a revival in room night demand in the last quarter of 2020, as compared to the previous quarters of the year, global professional services firm JLL has said in a report. According to JLL, occupancy levels have grown month-on-month […]

New Delhi, Jan 5 (IANS) The new year has not disturbed the mood of fuel consumers as petrol and diesel prices have not burnt a hole in people’s pocket even though the global oil prices have firmed up. On Tuesday, the oil marketing companies kept the pump prices of petrol and diesel unchanged, maintaining the […]

New Delhi, Jan 5 (IANS) Kishore Biyani, Future Coupons and Future Corporate Resources have said that totally disillusioned and fed up with Amazon’s lackadaisical attitude, they were left with no option but to accept the offer from Reliance. This communication to Amazon is a response to their notices and addressed on behalf of Future Corporate […]

New Delhi, Jan 4 (IANS) Given the Covid-induced disruption, the trajectory of total infrastructure credit in India (banks and infrastructure finance non-bank companies) slowed to 1 per cent sequential growth in H1 FY2021, ICRA said on Monday. According to a report by the ratings agency, while infrastructure credit grew 7 per cent in FY2020 (19 […]

New Delhi, Jan 4 (IANS) Ritu Kapur, co-founder and wife of Raghav Bahl, will be the new Managing Director of Quint Digital Media. “We have been informed by the Board of Directors of the Company in respect of the ongoing deliberations in relation to the proposal to consider Ms. Ritu Kapur, Chief Executive Officer, for […]

New Delhi, Jan 4 (IANS) Low base, along with rising leisure travel and gradual opening up of corporate offices, will accelerate the growth of domestic air passenger trafficin FY22, ratings agency ICRA said on Monday. ICRA expects a robust YoY growth of 78 per cent in domestic air passenger traffic and 164 per cent in […]

Hyderabad, Jan 4 (IANS) Pure EV, the electric vehicle vertical of Indian Institute of Technology – Hyderabad (IIT-H) incubated city startup Purenergy, has developed BaTrics Faraday, an artificial intelligence (AI)-based hardware which can automatically identify and repair defects in Lithium Ion (Li-Ion) batteries of electric vehicles. BaTrics Faraday obviates the need for a customer to […]

New Delhi, Jan 4 (IANS) Japan’s Kirin Holdings is set to invest $30 million in beer maker B9 Beverages for a sub-10 per cent stake in the New Delhi-based company. B9 Beverages was in talks with several international brewing majors, including Kirin, and other investors to sell a stake of up to 20 per cent […]

New Delhi, Jan 4 (IANS) As the race for the failed Dewan Housing Finance Corporation Ltd. (DHFL) is coming to an end, banking industry sources claim that the likely winner, Piramal is interested in its merger only to cover up its struggling financial services business. DHFL has a balance sheet of Rs. 80,000 crore. The […]

New Delhi, Jan 4 (IANS) A total of 53 goods trains operated on the newly constructed 351-km long New Bhaupur-New Khurja Eastern Dedicated Freight Corridor (EDFC) and the freight trains attained “game changing” top speed of more than 90 kmph, officials said on Monday. In a statement, a Railway Ministry spokesperson said that faster speed […]

New Delhi, Jan. Jan 4 (IANS) The growth of the Indian economy over the last decade and mushrooming of large sized companies over the period has not changed the character of the stock markets as the same old entities that became heavyweights on the bourses 10 years back continue to outperform others even today. According […]

New Delhi, Jan 4 (IANS) The Supreme Court on Monday directed the counsel representing various banks, along with officials concerned, to meet the court-appointed receiver to finalise the proposal for financing of the unfinished Amrapali projects. The receiver, senior advocate R. Venkataramani, informed a bench comprising Justices U.U. Lalit and Ashok Bhushan that he is […]

New Delhi, Jan 4 (IANS) The Asian Development Bank (ADB) and the Central government have signed a $100 million loan to modernise and upgrade the power distribution system to enhance the quality and reliability of electricity supply in Bengaluru. The signatories to the Bengaluru Smart Energy Efficient Power Distribution Project are C. S. Mohapatra, Additional […]

New Delhi, Jan 4 (IANS) Crude oil prices surged on Monday on expectations that ‘OPEC+’, the cartel of Organisation of the Petroleum Exporting Countries (OPEC) and its allied oil producing nations would limit the oil output at the current levels. Brent crude crossed the $53 per barrel mark and touched a multi-month high of $53.17 […]

Chennai, Jan 4 (IANS) Carmaker Nissan Motor India Pvt Ltd will soon start exporting its new compact sports utility vehicle ‘Magnite’ to Indonesia and South Africa, said a top company official. He also said in the domestic market it has confirmed 32,800 booking for Magnite out of over 1.20 lakh enquiries. “Our priority for Magnite […]

Mumbai, Jan 4 (IANS) Indian equity markets posted healthy recovery after an intra-day slide as investors took the opportunity to ‘buy on decline’. In the intra-day, market opened with a ‘gap up’ as positive macro indicators and vaccine advances in India buoyed sentiments. Consequently, the S&P BAE Sensex crossed the 48,000-mark. However, the market could […]

New Delhi/Mumbai, Jan 4 (IANS) Reliance Industries Limited (RIL), through its subsidiary Reliance Jio Infocomm Limited (RJIL), in a petition mentioned to be filed in the Punjab and Haryana High Court on Monday, has sought the urgent intervention of Government authorities to bring a complete stop to the illegal acts of vandalism by miscreants. These […]

Mumbai, Jan 4 (IANS) The Indian equity indices hit fresh highs on Monday with the BSE Sensex touching the 48,000-mark for the first time. It has touched an all-time high of 48,168.22 points. Similarly, the Nifty50 on the National Stock Exchange touched a high of 14,114.15 points Hopes on the vaccine front, along with improved […]

Guwahati, Jan 3 (IANS) The state-owned Numaligarh Refinery Ltd (NRL) in Assam on Sunday paid first interim dividend of around Rs 122.61 crore to the state government for the current fiscal, an official statement said. NRL Managing Director S.K. Barua handed over the dividend cheque to Chief Minister Sarbananda Sonowal in the presence of Chief […]

New Delhi, Jan 3 (IANS) The Union Government plans to sell 10 per cent stake in Rashtriya Chemicals and Fertilisers Ltd (RCFL) through offer for sale (OFS). The Department of Investment and Public Asset Management has sought bids from law firms to act as legal advisers and assist the government in the process. A domestic […]

Bengaluru, Jan 3 (IANS) The South Western Railway (SWR) will operate a train service daily from Monday between the main city station and Devanahalli near the Bengaluru international airport to ferry air passengers both ways, an official said on Sunday. “Two pairs of trains will operate from Monday between Krantivira Sangolli Rayanna (KSR) station in […]

New Delhi/Mumbai, Jan 3 (IANS) Banking sources reveal that some of the members of the Committee of Creditors (CoC) with large exposure to DHFL, are seeking to oust Oaktree from the bidding race for DHFL assets. Interestingly, Oaktree has emerged as H1 with the highest bid of Rs 38,400 crore. However, at the instance of […]

By Rohit VaidMumbai, Jan 3 (IANS) Expectations of healthy quarterly results along with FII inflows’ supportive global cues and developments over fast anti-Covid vaccine rollout will power the accelerated rise in Indian equities at least in the near future. Accordingly, a positive earning outlook on many sectors will sustain investors’ interest in the market. Besides, […]

New Delhi, Jan 2 (IANS) Flight services between India and UK will resume from January 6, while those from UK to India will recommence from January 8, Civil Aviation Minister Hardeep Singh Puri said on Saturday. Last month, these services were suspended to stop the spread of a mutant Covid-19 strain which was recently discovered […]

New Delhi, Jan 2 (IANS) The Centre’s continued focus on ethanol is a positive for the sugar industry as exports are likely to reduce in SS21 (sugar season 2021), India Ratings and Research (Ind-Ra) said in a report. As per the report, record exports and a resilient domestic demand made sugar one of the few […]

New Delhi, Jan 1 (IANS) The Finance Ministry on Friday said that the benefits under the remission of duties and taxes on exported products (RoDTEP) for exporters will be subject to conditions, restrictions, ineligibility and fulfilment of procedural requirements as notified by the government. The statement comes a day after the Centre announced extension of […]

New Delhi, Jan 1 (IANS) Flight services between India and UK will resume from January 8, Civil Aviation Minister Hardeep Singh Puri said on Friday. Last month, these services were suspended to stop the spread of a mutant Covid-19 starin which was recently discovered in the UK. In a tweet, the minister said: “It has […]

New Delhi, Jan 1 (IANS) Work from anywhere (WFA) has had an “unintended consequence”- the return of the retail investor investing directly in the markets, side stepping mutual funds. According to the Annual Equity Market outlook 2021 – by Anoop Bhaskar, Head – Equity, IDFC AMC in the US, this phenomenon is most closely associated […]

New Delhi, Jan 1 (IANS) Flight services between India and UK will resume from January 8, 2020, Civil Aviation Minister Hardeep Singh Puri said on Friday. Last month, these services were suspended to stop the spread of a mutant Covid-19 starin which was recently discovered in the UK. In a tweet, the minister said: “It […]

New Delhi, Jan 1 (IANS) Mahindra & Mahindra (M&M) is hopeful of finding a buyer for the majority stake in its South Korean subsidiary SsangYong Motor Company (SYMC) soon, and is aiming to sign the term sheet next weeks. Talking reporters on Friday, M&M MD Pawan Goenka said that the company is actively scouting for […]

Mumbai, Jan 1 (IANS) The Indian stock market opened on a positive note on the first day of 2021 with the BSE Sensex gaining over 150 points, and the Nifty50 on the National Stock Exchange trading above the psychological mark of 14,000 points. Nifty and has touched a fresh high of 14,033.85 points. Around 10.10 […]

By Rohit VaidNew Delhi, Dec 31 (IANS) Power PSUs’ joint venture EESL plans to install at least 500 more electric vehicle (EV) charging stations in the country during fiscal 2020-21. The joint venture of PSUs under the Ministry of Power, the Energy Efficiency Services Limited (EESL) has undertaken the project to boost the e-mobility ecosystem […]

Mumbai, Dec 31 (IANS) After rising to new record highs, the main indices of the Indian equity market closed on a flat note on Thursday. The day’s FII inflows were just about Rs 1,135.59 crore on Thursday, down from their average of over Rs 1,500 crore. Nevertheless, during the intra-day session, the NSE Nifty50 crossed […]

By ROHIT VAIDMumbai, Dec 31 (IANS) India’s equity markets rose like a phoenix to end the volatility-filled 2020 on a high, as new retail investors and foreign funds reposed their faith in the country’s growth story. The S&P BSE Sensex and the NSE Nifty50 rose by 16 and 15 per cent, respectively, during the pandemic-hit […]

New Delhi, Dec 31 (IANS) SP Group chief Cyrus Mistry on Thursday said that instead of seeking to blame him at every turn, the Trustees of the Tata Trusts must introspect why they have deviated, leading to a greater scrutiny on their operations by the various government bodies. “We note that the Income Tax Appellate […]

New Delhi, Dec 31 (IANS) Industry body, FICCI has sought the intervention of the Punjab government against the incidents of vandalism of Reliance Jio’s mobile towers in the state. In a letter to Punjab Chief Secretary, Vini Mahajan, Rajinder Gupta, Chairman, Trident Group and Chairman FICCI Regional Advisory Council said that out of the 9,000 […]

New Delhi, Dec 31 (IANS) Reliance Jio Infocomm has announced that it will make all domestic calls free starting January 1, as interconnect usage charges (IUC) for all domestic voice calls comes to an end. A Jio statement noted that as per the directions of the Telecom Regulatory Authority of India (TRAI), ‘Bill and Keep’ […]

Mumbai, Dec 31 (IANS) The Indian equity market rose to new record high during the mid-afternoon trade session on Thursday as the NSE Nifty50 crossed the 14,000 mark for the first time ever. The index touched a record high of 14,024.85 points amid a largely subdued trade. BSE Sensex also hit a fresh high of […]

Mumbai, Dec 31 (IANS) The Nifty50 on the National Stock Exchange (NSE) has crossed the 14,000 mark for the first time ever. It touched an all-time high of 14,010.15 points amid a largely subdued trade. The indices traded on a flat-to-positive note during the afternoon trade Sensex also touched its all-time high of 47,865.56 points. […]

New Delhi, Dec 31 (IANS) The New Delhi-Katra Vande Bharat Express will once again resume its services from January 1, months after the services were stopped due to Covid pandemic. Union Railway Minister Piyush Goyal took to Twitter and wrote, “The Delhi-Katra Vande Bharat Express which takes pilgrims to Vaishno Devi shrine will once again […]

Mumbai, Dec 31 (IANS) The key Indian equity indices traded on a flat note on Thursday morning amid a choppy trade. Amid subdued trade across sectors, selling pressure was witnessed in IT and FMCG stocks. Around 10.10 a.m., Sensex was trading at 47,771.60, higher by just 25.38 points or 0.05 per cent from its previous […]

New Delhi, Dec 31 (IANS) Oakridge Energy, one of the leading solar power company in the country, has signed up with Kendriya Vidyalaya and Delhi government for solarizing schools in Delhi. The company has recently solarized over 15 of the largest schools of the Department of Education in Delhi this year. With the largest portfolio […]

Mumbai, Dec 30 (IANS) The ongoing market rally pushed the Indian equity market to new record highs on Wednesday with the NSE Nifty50 reaching just short of the 14,000-mark in the day’s trade session. The day’s session was the sixth straight day of gains on the back of strong FII inflows of around Rs 1,824.52 […]

New Delhi, Dec 30 (IANS) Incidents of damage to the industrial and other infrastructure would turn investors away from Punjab, industry body Assocham has told Punjab Chief Minister Amarinder Singh. In a letter to Amarinder Singh, Assocham President Vineet Agarwal said a prolonged and continuation of the agitation, especially with incidents of damage to the […]

New Delhi, Dec 30 (IANS) Centre on Wednesday extended the suspension of scheduled commercial international flight operations to and from India till January 31. “This restriction shall not apply to international all-cargo operations and flights specifically approved by DGCA (Directorate General of Civil Aviation),” an official statement said on Wednesday. “However, international scheduled flights may […]

Mumbai, Dec 30 (IANS) The key Indian equity indices traded on a flat-to-negative note on Wednesday morning after opening in the green. The BSE Sensex touched an all-time high of 47,807.85 points during the initial trade before shedding the initial gains. Around 9.40 a.m., it was trading at 47,579.80, lower by 33.28 points or 0.07 […]

New Delhi, Dec 29 (IANS) After the receipt of security clearance, the state-run Airport Authority of India will sign the concession agreement for Jaipur, Guwahati, Trivandrum airports with a private player. According to Airport Authority of India (AAI) Chairman Arvind Singh, the security clearances have been received and the concession agreement will be signed in […]

New Delhi, Dec 29 (IANS) Hemisphere Properties, the company demerged with the surplus land of VSNL (now Tata Communications Ltd), has announced that the value of its land parcels which can be monetised is to the tune of Rs 19,000 crore based on current circle rate prices. At its annual general meeting held on Tuesday, […]

New Delhi, Dec 29 (IANS) Wholesale volumes of several automobile sgements are estimated to grow on a year-on-year basis in December, said a report by Motilal Oswal Financial Services. As per the report, in December 2020, wholesale volumes are estimated to grow at 14.4 per cent for two wheelers on a low base and 5.4 […]

New Delhi, Dec 29 (IANS) Tata Sons will enhance its shareholding in low-cost carrier — AirAsia India — by buying 32.67 per cent equity stake of its JV partner AirAsia Group Berhad. The budget airline is a JV in which Tata Sons owns 51 per cent stake, while 49 per cent is held with AAIL. […]

Mumbai, Dec 29 (IANS) India’s scheduled commercial banks (SCBs) consolidated their gains achieved after the turnaround in 2018-19 during 2019-20 and first half of 2020-21, the Reserve Bank of India (RBI) said in a report. As per the report on ‘Trend and Progress of Banking in India 2019-20′, the SCBs’ gross non-performing assets (GNPA) ratio […]

Mumbai, Dec 29 (IANS) The improving economic scenario, along with healthy buying in private banking sector stocks, pushed India’s key equity indices to breach new record intra-day and closing highs on Tuesday. Besides, a small intra-day correction pulled in fresh foreign funds. The strong FII inflows have continued their holiday shopping and have relentlessly bought […]

By Rohit VaidNew Delhi, Dec 29 (IANS) India’s pandemic-battered automobile retail segment is expected to log year-on-year (YoY) growth only from April 2021, Federation of Automobile Dealers Associations’ President Vinkesh Gulati said. In a conversation with IANS, he said that he expected continuation of the month-on-month growth during the first quarter of CY2021, but not […]

New Delhi, Dec 29 (IANS) The second phase of the strategic disinvestment of Air India will start on January 5, 2021 with the announcement of the names of the qualified bidders. The process has been divided into two stages. In stage I, expressions of interest (EoI) have been submitted by interested bidders and they will […]

Mumbai, Dec 29 (IANS) Improving economic scenario along with healthy buying in banking sector stocks pushed India’s key equity indices higher on Tuesday. Accordingly, the improving economic scenario as well as a small intra-day correction pulled in fresh foreign funds. During the intra-day, some losses were witnessed in the media, metal, FMCG, auto, realty and […]

By Sanjeev SharmaNew Delhi, Dec 29 (IANS) Finance Minister Nirmala Sitharaman has been presiding over Indian stock markets’ biggest bull run in the last few months. Prime Minister Narendra Modi and Sitharaman are scripting what is easily the biggest wealth creation story in many years. Sitharaman is a first time Finance Minister and just a […]

Mumbai, Dec 29 (IANS) The key Indian equity indices continued its rally on Tuesday with the BSE Sensex and the Nifty50 hitting fresh record high levels. Sensex hit a fresh high of 47,710.38, and the Nifty50 touched an all-time high of 13,967.60 points. Healthy buying in banking and IT stocks supported the market. Around 10.15 […]

Chennai, Dec 29 (IANS) The 88-year-old city based Society of Auditors will cover the Indian international accounting professionals working overseas with a series of programmes to be conducted online, said its newly elected President. He also said, the Society of Auditors will become a powerful opinion maker in the areas such as setting standards in […]

New Delhi, Dec 28 (IANS) The Finance Ministry has released the ninth weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 5,516.60 crore has been released to 23 states and an amount of Rs 483.40 crore has been released to the three […]

Mumbai, Dec 28 (IANS) Healthy foreign fund inflows on the back of positive global cues lifted the key Indian equity indices on Monday. Both the key indices – S&P BSE Sensex and NSE Nifty50 – closed on new record highs. The indices rose for the fourth consecutive session with the Sensex crossing the 47,300 points […]

By Subhash NarayanNew Delhi, Dec 28 (IANS) At least in the oil sector, the global health emergency caused by coronavirus is coming to India’s advantage. While the relatively lower global prices helped the government boost its revenues by increasing duty on auto fuels, the demand squeeze due to the pandemic and softer crude prices could […]

New Delhi, Dec 28 (IANS) The Centre’s export subsidy for the October-September sugar season 2020-21 (SS21) will help sustain the commodity’s exports at almost last year’s level, Crisil Ratings said on Monday. Recently, the Cabinet Committee on Economic Affairs approved export subsidy of Rs 3,500 crore for up to 6 million tonne – around Rs […]

New Delhi, Dec 28 (IANS) Delhi High Court has directed the two state owned banks, Union Bank of India and Indian Overseas Bank to maintain the status quo in a matter pertaining to the classification of accounts of Reliance Communication Ltd. ( RCOM) and its subsidiary, Reliance Telecom Ltd. (RTL) as fraudulent. RCOM and RTL […]

Mumbai, Dec 28 (IANS) The proposed sale of 33.12% equity shares of Prime Focus Ltd. (PFL) by Credit Suisse (CS) to the PFLs promoter group at Rs 44.15 per share is a blatant abuse of the purported rights by CS under certain lending agreements with RCAP Group. A RCap statement said the proposed sale is […]

New Delhi, Dec 28 (IANS) Air India pilots’ associations has asked its members to maintain the printed weekly offs and not to change them. “You are hereby directed to maintain CMS Printed Weekly Offs and Not to change your Printed Weekly Offs. This is for your kind information and strict compliance Contract co-pilots do not […]

Mumbai, Dec 28 (IANS) Healthy foreign fund inflows in the back of positive global cues lifted the key Indian equity indices during the mid-afternoon trade session on Monday with the BSE Sensex rising over 300 points. Accordingly, the S&P BSE Sensex crossed the 47,300 points mark for the first time due to the healthy buying […]

New Delhi, Dec 28 (IANS) Even before the start of the new year, the Indian steel sector has regained its lost shine registering a growth of 3.5 per cent in crude steel production in November. According to data provided by World Steel Association, country’s crude steel production stood at 9.245 million tonne (MT) in November, […]

New Delhi, Dec 28 (IANS) With 2020 drawing to a close, fuel consumers have something to cheer about as the petrol and diesel prices have not burnt a bigger hole in people’s pocket. On Monday, the last week of the year, the oil marketing companies kept the primp prices of petrol and diesel unchanged, maintaining […]

Mumbai, Dec 28 (IANS) The key Indian equity indices opened on a record high level on Monday with the BSE Sensex rising over 250 points. However, the key index ceded some of its initial gains but maintained its northward progression. Accordingly, the S&P BSE Sensex crossed the 47,300 points mark for the first time due […]

Mumbai, Dec 28 (IANS) The key Indian equity indices continued to rise on Monday with the BSE Sensex rising over 300 points. Accordingly, the S&P BSE Sensex crosses the 47,300 points mark for the first time to the healthy buying witnessed during the initial phase of Monday’s trade. Global cues especially the Presidential ascent given […]

New Delhi, Dec 27 (IANS) As the deadline for filing of Income Tax Returns (ITR) nears, around 41 per cent small businesses think that it is impossible to file their returns by December 31 and want an extension to the deadline, according to a survey by LocalCircles. The survey showed that 30 per cent of […]

New Delhi, Dec 27 (IANS) Prime Minister Narendra Modi on Tuesday will inaugurate the 351 km-long New Bhaupur-New Khurja section of Eastern Dedicated Freight Corridor (EDFC), situated in Uttar Pradesh, to open new vistas of opportunity for the local industries such as aluminium, dairy and textile production. The Prime Minister will also inaugurate EDFC’s Operation […]

Chandigarh, Dec 27 (IANS) Punjab has received four Holstein Friesian breed bulls, imported from Germany, to enhance germ plasm of crossbreed cows, state Animal Husbandry and Dairy Development Minister Tript Rajinder Singh Bajwa said on Sunday. He said under the Rashtriya Gokul Mission, the National Dairy Development Board has provided the bulls to to the […]

New Delhi, Dec 27 (IANS) Oil marketing companies (OMC) continued to hold the pause button on petrol and diesel prices across the four metros on Sunday. In the national capital, petrol was sold for Rs 83.71 per litre. Similarly, in the other key cities of Mumbai, Chennai and Kolkata, the fuel was priced at unchanged […]

By Rohit VaidMumbai, Dec 27 (IANS) The Covid-19 virus not only triggered a worldwide pandemic, but also opened the floodgates for investments in the countrys equity market. All in all, not only did the overall capitalisation of India’s domestic market increased, the country’s key indices emerged among the best performing emerging markets (EMs). Initially, the […]

New Delhi, Dec 26 (IANS) The Indian Pilots Guild and the Indian Commercial Pilots Association have directed Air India pilots not to give any extension on ‘Flight Time’, ‘Flight Duty Time’ or ‘Landing’ till further notice. In a letter to their members, the associations said that the hostile work environment prevailing in the company for […]

New Delhi, Dec 26 (IANS) The Reserve Bank’s recent draft circular on declaration of dividends by non-banking financial companies (NBFCs) will have a neutral-to-positive impact on government-owned NBFCs, India Ratings and Research (Ind-Ra) said. According to a Ind-Ra report, the new move will help government owned NBFCs to strengthen their balance sheets by improving their […]

By Rohit VaidMumbai, Dec 26 (IANS) An expected slowdown in foreign fund inflows along with expensive propositions and upcoming macro-economic data are likely to dent equities during the trade week ahead. Lately, FIIs inflows have powered the equities’ rally and gave an appreciation push to the rupee. FIIs have so far this month invested over […]

New Delhi, Dec 26 (IANS) The Centre’s new directive for industrial units in Delhi to switch over to PNG (piped natural gas) owing to the high levels of pollution is a positive development for city gas distribution (CGD) companies, ICRA said in a note. Accordingly, the Ministry of Environment, Forests and Climate Change on December […]

New Delhi, Dec 26 (IANS) The government will give discount in its forthcoming gold bond scheme to investors who apply online using the digital mode. Accordingly, the Centre in consultation with the Reserve Bank of India will allow discount of Rs 50 per gram from the issue price to investors using the digital medium for […]

New Delhi, Dec 26 (IANS) Traders’ body Confederation of All India Traders (CAIT) has urged Finance Minister Nirmala Sitharaman to defer the implementation of ‘Rule 86-B’ in GST, scheduled to be implemented from January 1, 2021. In a letter to the Finance Minister on Friday, the traders’ body said that the recent notification of the […]

By Rohit VaidMumbai, Dec 26 (IANS) Consistent foreign fund inflows along with a Brexit trade deal will lead further appreciation in Indian Rupee as the currency ends 2020 on a high note. However, rupee has been a laggard in 2020, as the currency did not appreciate much despite record inflows. On the other hand, India’s […]

New Delhi, Dec 26 (IANS) Petrol and diesel prices remained unchanged on Saturday as oil marketing companies continued to maintain a wait and watch stance amid range-bound global oil prices. Accordingly, the pump price of petrol remained at Rs Rs 83.71 a litre and diesel Rs 73.87 a litre in Delhi on Saturday. Across the […]

Bengaluru, Dec 25 (IANS) The Executive Director of IBM, Krishnadas Unni, said on Friday that language is longer a barrier in seeking jobs in corporate companies, as a basic skill set is what is expected from the employees. Participating in a panel discussion organised on the theme ‘Beyond Bengaluru’, as part of Good Governance Day […]

New Delhi, Dec 25 (IANS) The Delhi High Court has granted permission to the Serious Fraud Investigation Office (SFIO) to quiz former Religare Promoters Malvinder and Shivender Mohan Singh and the other accused in the Religare fraud case. “… the officials of the petitioner (SFIO) are granted permission to interrogate and examine the respondents,” said […]

Ne Delhi, Dec 25 (IANS) The Chennai Financial Markets and Accountability (CFMA), an organisation fighting for the cause of investors, on Friday moved an urgent application in the Supreme Court against the Securities and Exchange Board of India (SEBI) not appointing an observer to oversee the e-voting by Franklin Templeton Mutual Fund (FTMF) in terms […]

Ne Delhi, Dec 25 (IANS) The Chennai Financial Markets and Accountability (CFMA), an organisation fighting for the cause of investors, on Friday moved an urgent application in the Supreme Court against the Securities and Exchange Board of India (SEBI) not appointing an observer to oversee the e-voting by Franklin Templeton Mutual Fund (FTMF) in terms […]

Bengaluru, Dec 25 (IANS) The 13th edition of Myntras flagship End of Reason Sale (EORS) has concluded the company selling 11 million items while catering to more than 5 million orders. The fashion carnival also witnessed 51 per cent increase in traffic to the platform over the previous winter edition. Overall, around 3.2 million shoppers […]

Bengaluru, Dec 25 (IANS) The 13th edition of Myntras flagship End of Reason Sale (EORS) has concluded the company selling 11 million items while catering to more than 5 million orders. The fashion carnival also witnessed 51 per cent increase in traffic to the platform over the previous winter edition. Overall, around 3.2 million shoppers […]

Bengaluru, Dec 25 (IANS) Fashion ecommerce platform Myntra on Friday said it sold 1.1 crore items to more than 32 lakh customers during its 13th, five-day End of Reason Sale that ended on December 24. Also catering to more than 50 lakh orders, the fashion carnival witnessed 51 per cent increase in traffic over the […]