Sufficient buffer stock to increase supply to non-power sector: CIL
Feb 13, 2022, at 09:48 pm
New Delhi/IBNS: Government-owned Coal India Limited (CIL) Saturday said it is currently supplying around 3.4 Lakh tonnes of coal per day to the non-power sector (NPS) which is the company’s average supply to this segment while stressing that it has sufficient buffer stock to further increase supply to non-power sector.
42 coal mines auctioned till date for commercial mining: Centre
Feb 13, 2022, at 07:17 am
New Delhi/IBNS: A total of 42 coal mines have been auctioned for commercial mining till date, the government said Saturday.
Ford considers to manufacture EVs in India
Feb 13, 2022, at 03:27 am
Gurugram/IBNS: American automobile giant Ford Motor Company is considering to manufacture electric vehicles (EVs) in India, this announcement came months after it ended selling and producing cars in the Indian subcontinent, Reuters reported.
Industrialist Rahul Bajaj passes away at 83
Feb 12, 2022, at 10:14 pm
Mumbai/UNI: Business tycoon and former chairman of Bajaj Auto, Rahul Bajaj, passed away on Saturday.
ONGC Q3FY22 PAT grows 220 pc to Rs 11,637 cr
Feb 12, 2022, at 07:27 am
Mumbai/IBNS: State-run oil exploration and production company ONGC Friday reported a consolidated profit after tax (PAT) of Rs 11,637 crore for the Q3FY22, up 220 percent from the profit of Rs 3,637 crore reported in the same quarter previous year.
Apollo Hospitals Q3FY22 net profit jumps 75 pc YoY to Rs 228 cr
Feb 12, 2022, at 07:00 am
India's largest private hospital chain, Apollo Hospitals, on Friday reported a consolidated net profit of Rs 228 crore, up 75 percent YoY in Q3FY22 against Rs 130.4 crore in Q3FY21.
Phased Manufacturing Programme to promote indigenous manufacturing of EVs: Minister
Feb 12, 2022, at 06:20 am
New Delhi/IBNS: The Centre has notified a Phased Manufacturing Programme (PMP) to promote indigenous manufacturing of Electric Vehicles, its assemblies / sub-assemblies and parts / sub-parts / inputs of the sub-assemblies, Ministry of Heavy Industries said.
Over 6.2 cr ITRs, 21 lakh major Tax Audit Reports filed on new e-filing portal
Feb 12, 2022, at 05:55 am
New Delhi/IBNS: More than 6.2 crore Income Tax Returns (ITRs) and about 21 lakh major Tax Audit Reports (TARs) have been filed on the new e-Filing portal of the Income Tax Department till Thursday (February 10), the Ministry of Finance said on Friday.
Garden Reach Shipbuilders reports 10 pc YoY growth in net profit in Q3FY22
Feb 12, 2022, at 05:38 am
Defence PSU Garden Reach Shipbuilders Ltd (GRSE) on Friday reported a net profit of Rs 6,294.52 lakh, up 10 percent year-on-year against Rs 5,762.14 lakh in the corresponding quarter last fiscal.
Over 900K EVs on road in India: Centre
Feb 12, 2022, at 03:31 am
New Delhi/IBNS: There are 966,363 electric vehicles on road across the country, Minister of State for Heavy Industries informed parliament on Friday.
Amara Raja Batteries Q3FY22 net profit down 25 pc YoY to Rs 145 cr
Feb 12, 2022, at 03:00 am
Mumbai: Amara Raja Batteries Ltd on Thursday reported a standalone net profit of Rs 144.65 crore in December 2021, down 25.13 percent from Rs 193.19 crore in December 2020.
Feb 12, 2022, at 01:38 am
New Delhi/IBNS: The Centre on Friday approved 20 companies, who had applied for the Production Linked Incentive (PLI) Scheme for the automobile and automobile component industry under the “Champion OEM Incentive Scheme”.
Tata Sons extends N Chandrasekaran's term as chairman for 5 years
Feb 11, 2022, at 10:24 pm
Mumbai: The board of Tata Sons on Friday announced the extension of the tenure of chairman N Chandrasekaran for a period of five years.
LIC IPO: Filing of DRHP with SEBI likely on Feb 11, says report
Feb 11, 2022, at 07:49 am
Mumbai: The Draft Red Herring Prospectus (DRHP) of India's most awaited initial public offering (IPO) by Life Insurance Corporation of India is expected to be filed with SEBI on February 11, sources told CNBC-TV18.
ACC wins bid for Kannur Limestone Block in Karnataka
Feb 11, 2022, at 06:15 am
Mumbai: ACC Ltd has won the bid for Kannur Limestone Block in the Wadi area of Karnataka's Kalburgi district in an e-auction conducted by Karnataka government's Department of Mines & Geology.
Retail and travel sectors observe a dip amid third wave curbs: Study
Feb 11, 2022, at 05:05 am
Bengaluru: Online hiring demand saw a 10 percent annual incline, indicating an encouraging outlook on jobs in India, revealed a study by job search website Monster.com.
Daikin India aiming at bigger export target after PLI push
Feb 11, 2022, at 02:11 am
Kolkata: Japanese air conditioning manufacturer Daikin is ramping up its manufacturing capacity in India with a third factory in the country to supply the Middle East, African, and Latin American markets and cater to the growing Indian market.
RBI maintains status quo, keeps repo rate unchanged at 4 percent
Feb 10, 2022, at 06:07 pm
New Delhi/UNI: On expected lines, the Reserve Bank of India (RBI) on Thursday kept the policy repo rate unchanged at 4 percent to support economic growth.
RBI may keep the key rates unchanged in first policy review after Budget 2022: Report
Feb 10, 2022, at 06:52 am
Mumbai/IBNS: The Reserve Bank of India (RBI) may keep key policy rates, including repo and reverse repo rates, unchanged in its monetary policy review to be announced on Thursday in the backdrop of Union Budget 2022-23 and growing inflationary concerns, ANI reported.
Aggregate provisioning for NPAs increases in Dec qtr led by PSUs: Report
Feb 10, 2022, at 04:24 am
The total money allocated for bad loan provisioning increased in the third quarter of the current financial year, mainly on account of the PSU banks which focused on improving the provisioning coverage ratio (PCR), sequentially, media reports said.
With 25 lakh interviews in the last qtr, Kolkata among top destinations for professionals
Feb 10, 2022, at 01:17 am
With around 12 lakh job openings, Kolkata recorded more than 25 lakh plus interviews (September December’2021) for various job roles across sectors and industries, emerging as a popular destination amongst job seekers, according to apna.co.
State Bank of India partners with NSE Academy to launch five online courses
Feb 09, 2022, at 11:38 pm
New Delhi: The State Bank of India (SBI), a leading Banking and Financial Services Group in India through its Strategic Training Unit is proud to announce their partnership with NSE Academy that promotes financial literacy as a necessary life skill.
Aditya Birla Health Insurance inks Bancassurance Partnership with Utkarsh Small Finance Bank
Feb 09, 2022, at 10:59 pm
New Delhi: Aditya Birla Health Insurance Co. Limited. (ABHICL), the health insurance subsidiary of Aditya Birla Capital Limited (ABCL), a significant non-bank financial services conglomerate on Tuesday announced its bancassurance partnership with Utkarsh Small Finance Bank, one of the leading Small Finance Bank in the country, for the distribution of health insurance products through the Bank’s network of branches Pan-India.
Feb 09, 2022, at 10:12 pm
New Delhi: ICICI Bank on Wednesday announced that it has made ‘InstaBIZ’ interoperable, making the benefits of its business banking mobile app available to all merchants including customers of other banks.
L&T's construction arm bags 'significant' contract in Bangladesh
Feb 09, 2022, at 10:08 pm
New Delhi/IBNS: Larsen & Toubro on Wednesday said its construction arm has bagged a 'significant' contract fom the Bangladesh Hi-Tech Park Authority to construct Hi-Tech IT Parks at eight locations across the country. This project is being funded by the Indian EXIM Bank and is the first IT & Office Space order that L&T has secured in Bangladesh.
L&T & Microsoft sign landmark deal to develop regulated sector cloud offering
Feb 09, 2022, at 09:42 pm
New Delhi/IBNS: Larsen & Toubro (L&T) and Microsoft India have signed a Memorandum of Understanding (MoU) to develop a regulated sector focused cloud offering to empower customers with the best-of-breed cloud computing and infrastructure services.
Joyville Shapoorji Housing ropes in Sourav Ganguly as its brand ambassador
Feb 09, 2022, at 09:27 pm
Kolkata/IBNS: Joyville Shapoorji Housing, aspirational housing brand owned by the Shapoorji Pallonji Group, has roped in the former captain of the Indian cricket team Sourav Ganguly as its brand ambassador.
Johnson & Johnson temporarily halts making COVID-19 vaccine: Report
Feb 09, 2022, at 09:07 pm
Johnson & Johnson has paused late last year the production in its only plant making usable batches of COVID-19 vaccine in the Dutch city of Leiden, where it is now making an experimental but potentially more profitable vaccine to protect against an unrelated virus, according to a New York Times report.
Kolkata-based condiment manufacturer Prakash Spices launches D2C store
Feb 09, 2022, at 06:40 pm
Kolkata/IBNS: Prakash Spices has recently launched their online direct-to-consumer (D2C) store to widen accessibility of its products like spices, and herbal cosmetics.
IRCTC's Q3FY22 net profit jumps 167 pc to Rs 209 cr
Feb 09, 2022, at 07:49 am
Mumbai/IBNS: Indian Railway Catering and Tourism Corporation (IRCTC) on Tuesday said it has registered a 167.41 percent year-on-year (YoY) rise in its net profit for the third quarter of FY22 at Rs 208.80 crore.