GST collection crosses Rs 1.30 lakh cr mark for 4th time since its roll-out: Finance Ministry
Feb 01, 2022, at 02:00 am
The GST (Goods and Services Tax) collection for the month of January stands at Rs 1,38,394 crore, as per data released by the government on Monday.
India's core sector output grew 3.8 pc in December, steel and crude oil production dip
Feb 01, 2022, at 01:43 am
New Delhi/UNI: Led by cement, natural gas and other sectors, India's core sector output grew 3.8% year-on-year in December, 2021.
Feb 01, 2022, at 12:14 am
Riyadh/IBNS: A new agreement between the Ministry of Culture and Cirque du Soleil Entertainment Group has paved the way for the renowned organization to bring some of its top shows and award-winning performances to Saudi Arabia.
Despite COVID-19 shock, Indian agriculture sector grows 3.9 pct in 2021-22: Economic Survey
Jan 31, 2022, at 11:12 pm
New Delhi: The Agriculture sector which accounts for 18.8 per cent of Gross Value Added (GVA) of the country in 2021-22 has experienced buoyant growth in the past 2 years.
Govt spending on social service increases significantly amid pandemic: Economic Survey
Jan 31, 2022, at 10:42 pm
New Delhi: The government’s spending on Social Services increased significantly during the pandemic states the Economic Survey 2021-22.
Economic Survey: Indian economy projected to grow at 8-8.5 pct during next fiscal
Jan 31, 2022, at 09:14 pm
New Delhi: India forecast an economic growth of 8 to 8.5 percent in the coming fiscal year that starts in April, as per the Economic Survey 2022 tabled in the Lok Sabha by Union Finance Minister Nirmala Sitharaman on Monday.
Govt to present Economic Survey 2021-22 on Monday
Jan 31, 2022, at 02:04 am
New Delhi/IBNS: Finance minister Nirmala Sitharaman will table the Economic Survey 2021-22 on Monday, a day before the Union Budget.
Adani Total wins rights to develop gas retail network in 14 cities
Jan 30, 2022, at 02:19 pm
New Delhi: Adani Total Gas Limited, a joint venture of Gautam Adani's gas unit and French energy major Total, has bagged deals to retail gas in 14 Indian cities, according to a statement from Petroleum and Natural Gas Regulatory Board (PNGRB).
Govt settled Air India's Rs 61,000 cr debt before transfer to Tatas
Jan 30, 2022, at 02:11 pm
New Delhi: The Centre has settled more than Rs 61,000 crore of Air India's legacy debt and other liabilities that were left in Air India Assets Holding Limited (AIAHL) -- before the transfer of the national carrier to the Tata Group, media reports said.
Union Budget 22 Expectations: Big push for e-bicycle industry needed for faster adoption of EVs
Jan 30, 2022, at 03:54 am
Kolkata: India’s Electric Vehicle (EV) industry has expanded fast over the last year as the government pushed for electric mobility with the help of FAME II subsidies. The Union Budget 2022-23 is expected to propose several schemes and policies for the growth of the emerging EV industry.
India, UK conclude first round of talks for FTA
Jan 29, 2022, at 06:26 am
New Delhi/UNI: Seeking to negotiate an early trade deal, India and the UK have concluded the first round of talks for Free Trade Agreement (FTA) between the two countries.
ZenEquity offers IPO-bound OYO’s employees & alumni with ESOP management tech solutions
Jan 29, 2022, at 06:17 am
ESOP management platform ZenEquity has partnered with global travel tech platform OYO to provide its current and former employees with the best in class, easy to use ESOP management platform. Ahead of OYO’s IPO, the portal will provide an end-to-end solution to make viewing, managing and exercising ESOPs completely paperless.
Jan 29, 2022, at 05:57 am
Mumbai/UNI: Engineering major Larsen & Toubro (L&T) on Friday reported a 16.70 percent year-on-year decline in consolidated net profit for the quarter ended December 31, 2021 at Rs 2054.74 crore.
SAIL's MC Agrawal appointed mjunction Chairman
Jan 29, 2022, at 05:41 am
Kolkata/IBNS: Mahesh Chand Agrawal, Executive Director for Sales & International Trade Division at SAIL, has been appointed Chairman of mjunction services limited, a B2B e-commerce marketplace.
Govt appoints Dr V Nageswaran as Chief Economic Advisor days ahead of Budget
Jan 29, 2022, at 05:37 am
New Delhi/UNI: The government on Friday appointed Indian Institute of Management (IIM), Ahmedabad graduate and Economics professor Dr V. Anantha Nageswaran as the Chief Economic Advisor (CEA).
Jan 29, 2022, at 05:15 am
Kolkata: The Covid-19 pandemic has firmly asserted the importance of health insurance more than ever, the industry captains have said, demanding a GST rate cut on premium along with hike in tax exemption and giving infrastructure status to healthcare facilities in Union Budget 2022-23 in order to boost the penetration of health insurance in India.
Gold Savings accounts can reduce India's bulging current account deficit
Jan 29, 2022, at 01:47 am
New Delhi/IBNS: India is likely to introduce Gold Savings account (GSA) in the upcoming budget to change the preferred buying pattern of purchasing gold in its physical form to check the towering current account deficit.
Kotak Mahindra Bank Q3FY22 profit jumps 15 pc YoY to Rs 2,131 cr, NII grows 12 pc to Rs 4,334 cr
Jan 29, 2022, at 01:07 am
Mumbai/IBNS: Private sector lender Kotak Mahindra on Friday announced a standalone Profit After Tax (PAT) for Q3FY22 of Rs 2,131 crore, up 15 percent from Rs 1,854 crore for Q3FY21 and 4.87 percent increase from Rs 2,032 crore from the previous quarter.
Indian Rupee improves 3 paise against USD
Jan 28, 2022, at 10:54 pm
Mumbai/UNI: The Indian currency on Friday ended positive at 75.04, rising by 3 paise against the USD on selling of US dollars by bankers and exporters, dealers at the Foreign Exchange said.
Indian Market: Sensex falls 76.71 points
Jan 28, 2022, at 10:50 pm
Mumbai: The equity market remained weak for another day as the BSE Sensex on Friday slipped 76.71 points to settle at 57,200.23 in a highly volatile market.
Google to invest up to $1 billion in Airtel to develop India specific 5G services
Jan 28, 2022, at 09:02 pm
Telecom major Bharti Airtel and Google are going to partner to boost India's digital ecosystem with the US-based tech giant investing up to $1 billion under its Google for India Digitization Fund.
Indian Market: Sensex regains over 500 points
Jan 28, 2022, at 03:54 pm
Mumbai: The BSE Sensex on Friday bounced back 519 points to open at 57,795.11 as buying was seen across the board.
PNB Q3FY22 net profit jumps 123 pc, NII down by 6.1 pc YoY
Jan 28, 2022, at 07:45 am
Kolkata/IBNS: Public sector lender Punjab National Bank (PNB) Thursday reported a net profit of to Rs 1127 crore for the quarter ended December 2021, up 122.7 percent year-on-year.
Earphones and wearables brand BOAT files DRHP for Rs 2,000 cr IPO
Jan 28, 2022, at 05:45 am
Mumbai/IBNS: Imagine Marketing, the makers of Boat brand of headphones and smartwatches, Thursday filed Draft Red Herring Prospectus (DRHP) with stock market regulator SEBI for an IPO of up to Rs 2,000 crore.
Paytm Money launches messenger ‘Pops’ invest and track markets
Jan 28, 2022, at 02:19 am
Kolkata/IBNS: One97 Communications Limited that owns digital payments and financial services platform Paytm, Thursday, announced that its wholly-owned subsidiary Paytm Money has introduced India’s first intelligent messenger, revolutionizing the way users invest and track markets.
Jan 28, 2022, at 01:22 am
New Delhi/IBNS: Tata Sons Chairman N Chandrasekharan on Thursday said he is "convinced that the golden age of Air India lies ahead" as he welcomed the employees of the airline addressing them as "members of the Air India family".
Mahindra Insurance Brokers and Tata 1mg ink strategic deal for wellness solutions
Jan 27, 2022, at 11:22 pm
Mumbai/IBNS: Mahindra Insurance Brokers (MIBL), a subsidiary of Mahindra & Mahindra Financial Services (Mahindra Finance), Thursday said it has entered into a strategic partnership with online pharmacy Tata 1mg.
Budget 2022-23: Stainless steel MSMEs want reimposition of CVD on China, Indonesia
Jan 27, 2022, at 10:39 pm
New Delhi/IBNS: The workers in the stainless steel industry's medium, small, and micro enterprises (MSME) await the imposition of countervailing tax (CVD) on China and Indonesia, as it would fuel the Indian businessmen to proliferate manufacturing.
Yes Bank appoints Lavesh Sardana to head retail assets & debt Management biz
Jan 27, 2022, at 08:52 pm
Mumbai/UNI: Private sector lender Yes Bank announced on Thursday the appointment of Lavesh Sardana as Country Head for its Retail Assets and Debt Management operations.
Mahindra forays into e-cart segment
Jan 27, 2022, at 08:40 pm
Mumbai/UNI: Mahindra Electric Mobility, a part of the Mahindra Group, on Thursday launched its new electric 3-wheeler 'e Alfa Cargo' priced at Rs 1.44 lakh, ex-showroom Delhi.