Don't give away prime assets to pvt sector on platter: ONGC officers' union to govt
Nov 21, 2021, at 11:51 pm
New Delhi/IBNS: The officers' union of the state-run oil exploration and production company ONGC has opposed the petroleum ministry's proposal to disinvest 60 percent stake and operatorship of Mumbai High and Bassein & Satellite (B&S) offshore assets to international partners for raising output, according to media reports.
Jammu and Kashmir: ACS Finance to chair panel to oversee implementation
Nov 20, 2021, at 11:42 pm
Jammu: The Financial Commissioner (Additional Chief Secretary), the Finance department would be the chairman of the committee constituted to oversee the implementation of the manpower audit.
Reliance, Saudi Aramco to re-evaluate proposed investment in O2C business
Nov 20, 2021, at 06:22 pm
Mumbai/IBNS: Reliance Industries Ltd and Saudi Aramco have mutually decided to re-evaluate the latter's proposed investment in the oil-to-chemicals (O2C) business of the Indian conglomerate.
Nagaland focuses on integrated cropping
Nov 20, 2021, at 04:17 pm
Kohima: Country Director of IFAD, Han Ulac Demirag in a note stated that he was impressed with the initiatives and achievements and vision of the people, during a visit to a project site at Nerhema and Gariphema village farm in Nagaland along with the APC and Mission Director FOCUS, Nagaland, Y. Kikheto Sema, State Project Director- FOCUS, S. Tainiu and a team of Agri officials on Nov 18.
Nirmala Sitharaman to visit Jammu and Kashmir on Nov 23
Nov 20, 2021, at 03:52 pm
Jammu/UNI: Union Finance Minister Nirmala Sitharaman is likely to be on a two days visit to Jammu and Kashmir starting from Nov 23.
Unilever to sell its tea business, ekaterra, to CVC Capital Partners
Nov 20, 2021, at 06:48 am
Unilever Plc has agreed to sell major part of its tea business to CVC Capital Partners for $5.1 billion.
Jharkhand: CCL loses out on early production hours due to thick fog
Nov 20, 2021, at 05:45 am
Ranchi/IBNS: Dense fog has affected coal production, transportation and dispatch work for the last two days in the mines of Central Coalfields Ltd (CCL) in Jharkhand, according to media reports.
Mumbai Police EOW probes former ICICI Bank officials in cheating case
Nov 20, 2021, at 04:39 am
Mumbai/IBNS: The Economic Offences Wing (EOW) department of the Mumbai Police has launched an investigation into charges of alleged cheating by ICICI Bank officials filed by a hotelier, reported Economic Times.
PhonPe undertakes Rs 135 cr ESOP buyback
Nov 20, 2021, at 02:59 am
Mumbai/IBNS: PhonePe has conducted ESOP buyback worth Rs 135 crore becoming one of the several companies that have made similar buybacks recently, media reports said.
Income of company with no presence in India is not taxable: ITAT
Nov 20, 2021, at 01:43 am
New Delhi/IBNS: A tax tribunal has ruled that domestic taxes cannot be levied on a company that doesn't have any presence in India, media reports said.
Investment in J&K expected to reach Rs 35,000 cr by year end: Manoj Sinha
Nov 20, 2021, at 01:05 am
Jammu/IBNS: Lieutenant Governor Manoj Sinha highlighted the key reforms and steps taken for managing the union territory’s economy during Covid, its growth potential, besides putting across issues that require consideration by the administration during an interaction with the Union Finance Minister Nirmala Sitharaman.
India's rice export rates lowest in three months
Nov 20, 2021, at 12:57 am
New Delhi/IBNS: India's rice export rates have hit a three-month low owing to a decline in demand by buyers in Africa, media reports said.
Centre mulls over change in tax laws to tax cryptocurrency gains in India
Nov 20, 2021, at 12:08 am
Mumbai/IBNS: The Centre is mulling on bringing changes under the tax laws to tax gains from cryptocurrency in the southeast Asian nation.
Flipkart to enter healthcare sector; to buy majority share in Sastasundar.com
Nov 19, 2021, at 09:06 pm
Kolkata/IBNS: The Flipkart Group Friday announced its entry into the healthcare sector with the launch of Flipkart Health+.
Linc Pen & Plastics Ltd Q2FY22 financial results
Nov 19, 2021, at 07:07 am
Kolkata/IBNS: Linc Pen & Plastics Ltd. posted a 46 percent year-on-year and 71 percent quarter-on-quarter increase in revenue for the quarter ended September 30. The growth in revenues was 93 percent of pre-Covid levels of Q2 FY 2019-20 despite the closure of schools, colleges and other educational institutions.
Avadh Sugar Energy Ltd Q2 and H1 FY22 financial results
Nov 19, 2021, at 06:12 am
Kolkata/IBNS: Avadh Sugar & Energy Limited (ASEL), a KK Birla group company, posted a net profit of Rs 25.24 crore in Q2FY22 as against Rs 7.21 core of the corresponding quarter last year with a total income at Rs 621 crore.
Magadh Sugar & Energy Ltd Q2FY22 financial result
Nov 19, 2021, at 05:29 am
Kolkata/IBNS: The Board of Directors of Magadh Sugar & Energy Limited (MSEL) (BSE: 540650 /NSE: MAGADSUGAR) at its meeting held on November 10, took on record the audited financial results for the quarter ended September 30.
GENLEAP launches DNA-based self-discovery, upskilling and employability platform
Nov 19, 2021, at 04:43 am
New Delhi/IBNS: The Gurugram-based edtech and human resource technology company GENLEAP launched an upskilling and employability platform Thursday.
'Return to India...message is very clear': PM Modi to fugitive eco offenders
Nov 19, 2021, at 01:48 am
New Delhi/IBNS: Prime Minister Narendra Modi on Thursday said his government is mobilizing all channels including diplomatic to ensure that high-profile economic offenders have no choice but to return to India.
RBI withdraws over 100 needless circulars on RRA's recommendations
Nov 19, 2021, at 12:10 am
Mumbai/IBNS: Reserve Bank of India withdrew over 100 needless circulars affirming the Regulations Review Authority (RRA) recommendations on Tuesday.
Tata Sons working on merger of Air Asia India with Air India Express: Report
Nov 18, 2021, at 11:53 pm
Mumbai/IBNS: Tata Sons has started working on the merger of budget carrier Air Asia India with Air India's low fair wing Air India Express in a bid to achieve synergies and cut operational costs, Economic Times reported.
RBL Bank authorised by RBI to Collect Direct Taxes
Nov 18, 2021, at 09:37 pm
Mumbai/IBNS: RBL Bank has been authorised by the Reserve Bank of India (RBI), based on a recommendation from the Controller General of Accounts, Ministry of Finance and Government of India (GoI), to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT).
Invesco delays launch of blockchain mutual fund over regulatory uncertainty
Nov 18, 2021, at 09:12 pm
Mumbai/IBNS: Invesco Mutual Fund (MF) has decided to hold the launch of its first-in-India blockchain fund because of regulatory uncertainty.
Paytm shares plunge on weak stock market debut
Nov 18, 2021, at 06:30 pm
Mumbai/IBNS: Digital payment app Paytm made a weak debut in the stock market with its shares nosediving by 26 percent on Thursday, media reports said.
SIDBI joins hands with Google to help MSMEs
Nov 18, 2021, at 05:56 pm
Mumbai/IBNS: Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small and Medium Enterprises (MSMEs) has entered into a partnership with Google India Pvt. Ltd. (GIPL) for having a pilot social impact lending programme with financial assistance up to Rs. 100 lakh at subsidized interest rates targeted at micro enterprises.
Nov 18, 2021, at 05:05 pm
New Delhi/UNI: The prices of petrol and diesel remained unchanged for two weeks in a row on Thursday.
Black money in primary housing market dropped by 75-80 pc post demonetisation: Anarock
Nov 18, 2021, at 06:48 am
Mumbai/IBNS: There has been a drop of 75-80 percent in cash transactions in primary residential market after demonetisation in late 2016, housing brokerage firm Anarock on Wednesday said.
India continues to lead in fintech investments, says S&P Global
Nov 18, 2021, at 06:21 am
New Delhi/IBNS: India has continued to top fintech investments in the Asia-Pacific region with $1.93 billion raised across 66 deals in the July-September quarter, according to S&P Global Market Intelligence.
Govt may permit crypto as an asset, not as currency: Report
Nov 18, 2021, at 03:46 am
New Delhi/IBNS: The government is currently in the process of framing laws on cryptocurrency after concerns were raised over unregulated crypto markets and how they can be prevented from becoming avenues for money laundering and terror financing. The new laws may not allow the use of cryptocurrencies to settle transactions or make payments but may allow people to hold them as assets like shares, gold or bonds, ET reported citing sources.
LIC's IPO likely by 4th qtr of this financial year, says DIPAM Secretary
Nov 18, 2021, at 12:04 am
Mumbai/IBNS: State-backed Life Insurance Corporation's (LIC) IPO is expected to hit the market by the fourth quarter of the present financial year, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said Wednesday, media reported.