Govt issues revised guidelines to set up public EV charging stations
Jan 16, 2022, at 08:44 am
New Delhi/IBNS: In an attempt to create a support network for Electronic Vehicles (EVs), the Centre has allowed government entities to provide land to private agencies to set up public charging stations through bidding starting with a floor price of Rs 1 per unit.
Maruti Suzuki hikes prices by 1.7 pc
Jan 16, 2022, at 01:44 am
Mumbai/UNI: The country's largest carmaker Maruti Suzuki on Saturday said it has increased prices of its entire range of products by 1.7 percent with immediate effect.
Samsung made over 300mn smartphones in 2021
Jan 16, 2022, at 01:25 am
Seoul/UNI: Samsung manufactured over 300 million smartphones, which includes those manufactured by its own units as well as its manufacturing partners, in 2021.
Reliance, Mahindra, Hyundai submit bids for battery scheme: Report
Jan 15, 2022, at 08:40 pm
New Delhi/IBNS: Reliance Industries, Mahindra & Mahindra and South Korean automaker Hyundai have submitted bids for the $2.4 billion battery scheme, Reuters reported.
Zomato winds up its South Africa business
Jan 15, 2022, at 08:24 pm
Mumbai/IBNS: Zomato Friday said it has completed the winding up of its South Africa business effective this month.
REC raises USD 1175 million syndicated term loan
Jan 15, 2022, at 03:20 am
Mumbai/UNI: In a first for any NBFC in India, state-run non-banking financial company REC Limited (Rural Electrification Corporation Limited) on Friday said it has successfully raised USD 1,175 million from a consortium of seven banks.
Exports surge in Dec, trade deficit widens
Jan 15, 2022, at 02:59 am
New Delhi/UNI: India’s merchandise exports in December 2021 grew 38.91 percent year-on-year at $37.81 billion, as compared to $27.22 billion in December 2020.
CAIT files petition to block Amazon's bid to buy 100 pc stake in Cloudtail
Jan 15, 2022, at 02:09 am
New Delhi/UNI/IBNS: American e-commerce giant Amazon has landed in fesh trouble as Delhi-based Confederation of All India Traders (CAIT) on Friday has filed a petition before the Competition Commission of India (CCI) seeking to block Amazon's deal to acquire 100 per cent stake in Cloudtail.
TVS Motor partners with Swiggy to expand EV role in food delivery
Jan 15, 2022, at 01:27 am
New Delhi/UNI: Two & 3Wheeler manufacturer TVS Motor Company has announced a partnership with food and on-demand delivery player Swiggy to enable the adoption of electric vehicles in its delivery fleet and increase the share of EVs in food delivery and on-demand delivery services.
PHDCCI welcomes JK Bank's OTS scheme
Jan 15, 2022, at 12:44 am
Srinagar/IBNS: PHD Chamber of Commerce and Industry's (PHDCCI) Jammu & Kashmir chapter welcomed the J&K Bank’s Special One Time Settlement (OTS) scheme for non-performing assets NPAs.
Passenger vehicle sales drop by 13 pc, 2-wheeler sales down by 11 pc in Dec: SIAM
Jan 15, 2022, at 12:34 am
New Delhi/UNI: Amidst supply constraints and spread of Omicron, passenger vehicle sales in India fell 13 percent to 2,19,421 units last month from 2,52,998 in December 2020. The sales of two-wheelers also fell 11 per cent to 10,06,062 units, from 11,27,917 in December 2020, the Society of Indian Automobile Manufacturers (SIAM) said on Friday.
Jan 15, 2022, at 12:01 am
Mumbai/IBNS: Aditya Birla Fashion and Retail Ltd (ABFRL) Friday said it has sealed a strategic partnership with Masaba Gupta to buy 51 percent of House of Masaba Lifestyle which houses apparel, non-apparel, beauty & personal care and accessories business under the Masaba brand.
India's WPI inflation eases to 13.56 pct in December, reveals govt data
Jan 14, 2022, at 10:27 pm
New Delhi: India's wholesale price index (WPI)-based inflation dropped to 13.56 percent in December, as per government data released on Friday.
Delhivery gets SEBI's nod for its Rs 7,460 IPO
Jan 14, 2022, at 10:27 pm
Mumbai/IBNS: Markets watchdog Securities and Exchange Board of India (SEBI) has given its nod to new-age logistics startup Delhivery’s Rs 7,460 crore initial public offering (IPO) proposal, media reports said.
Indian Market: Sensex falls marginally by 12.27 points
Jan 14, 2022, at 10:16 pm
Mumbai/UNI: The BSE Sensex on Friday declined by 12.27 points to settle at 61,223.03 because of profit booking by local operators.
Budget Session of Parliament to begin on Jan 31
Jan 14, 2022, at 09:21 pm
New Delhi/UNI: The upcoming Budget Session of Parliament will begin on Jan 31 and conclude on Apri 8 as per the recommendation of the Cabinet Committee on Parliamentary Affairs, sources said on Friday.
India's economic recovery on 'solid path' to grow 6.5 pc
Jan 14, 2022, at 08:37 pm
New Delhi/IBNS: India is predicted to grow at 6.5 percent in the fiscal year 2022, down from the 8.4 percent GDP estimated in the previous fiscal year, affirming that the country's economic recovery is on a "solid path", the UN said on Thursday.
India, UK FTA to boost bilateral trade by up to £28 billion a year by 2035
Jan 14, 2022, at 06:28 am
New Delhi/IBNS: As India and UK are set to work on building closer trade ties based on mutually agreed terms through a Free Trade Agreement (FTA), both sides expressed confidence that the deal would boost bilateral trade by up to £28 billion a year by 2035.
Indian sugar mills reduce exports amid falling prices, strengthening rupee: Report
Jan 14, 2022, at 03:47 am
Mumbai/IBNS: The mill owners in India are deferring the signing of new sugar export contracts due to big differences between local and global rates triggered by decline in global prices and appreciation in the value of the rupee, Reuters reported.
CBDT issues Rs 1.54 lakh cr in refunds to income taxpayers
Jan 14, 2022, at 02:12 am
New Delhi/IBNS: The income tax department on Thursday said it has issued refunds of over Rs 1.54 lakh crore to more than 1.59 crore taxpayers so far this fiscal.
Omicron to push air traffic recovery into fiscal 2024: CRISIL
Jan 14, 2022, at 12:31 am
Mumbai/UNI: The Omicron-led third wave of the pandemic could pose fresh turbulence to air traffic, pushing full recovery into fiscal 2024, ratings agency CRISIL said on Thursday.
FSDC-SC members discuss challenges arising from third wave
Jan 14, 2022, at 12:12 am
New Delhi/UNI: Financial Stability and Development Council (FSDC) Sub Committee (FSDC-SC) chaired by RBI Governor Shaktikanta Das on Thursday reviewed developments in the global and domestic economy.
Jan 13, 2022, at 11:58 pm
New Delhi/UNI: In a major calibration of the India-UK bilateral relations, Minister of Commerce and Industry Piyush Goyal and UK Secretary of State for International Trade Anne-Marie Trevelyan launched negotiations on Thursday for a Free Trade Agreement(FTA).
Flipkart acquires electronic e-commerce company Yaantra
Jan 13, 2022, at 11:26 pm
Mumbai/UNI: E-commerce platform Flipkart on Thursday said it has acquired Yaantra, an electronics recommerce company, to strengthen its recommerce business and enhance after-sale offerings for its customers in the smartphones segment.
RIL signs MoU with Gujarat for investing Rs 5.95 lakh crore
Jan 13, 2022, at 11:06 pm
New Delhi/UNI: Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) on Thursday said it has signed MoU with the Gujarat government for a total investment of Rs 5.95 lakh crore in the state as part of investment promotion activity for Vibrant Gujarat Summit 2022.
Traders' body urges Centre to enact work from home policy
Jan 13, 2022, at 10:34 pm
New Delhi/UNI: The Confederation of All India Traders (CAIT) has asked the government to frame a standard protocol for work-from-home (WFH) which has become a regular feature due to the pandemic.
Is Your Group Life Insurance Enough?
Jan 13, 2022, at 07:50 pm
Introduction Shiva, a 30-year-old happily working in a renowned multinational company. While working in the office, one morning, he gets a stroke and meets with an untimely death. As Shiva was the family's sole bread-earner, they entered a dark phase of their life post his death. But, fortunately he had a group life insurance that helped his family sail through the dire times.
Jan 13, 2022, at 07:48 am
New Delhi/IBNS: The Centre on Wednesday clarified that no money is being paid in acquiring the equity stake in Telecom Service Providers (TSPs) as these companies have opted to convert certain dues payable to the government into equity/preference capital as per the Telecom Reforms Package announced in September last year.
Govt not interested in participating in Vi's management: Ravinder Takkar
Jan 13, 2022, at 06:17 am
After Vodafone Idea's decision to convert the interest on spectrum auction installments and AGR dues into equity that made the government the biggest shareholder in the company, its Managing Director Ravinder Takkar said the government has no intention to participate in management.
Mercedes Benz to assemble its EQS electric luxury sedan in India: Report
Jan 13, 2022, at 04:48 am
German auto major Mercedes Benz is planning to launch a unit for local assembly of its EQS electric sedan in India in a move to electrify its portfolio in Asia, media reports said.