January 21, 2022 16:35 (IST)
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Do you see anyone else's face? Priyanka Gandhi Vadra on Congress CM candidate in UP | Destruction, renovation of Somnath a message: PM Modi | Channi will lose election: Arvind Kejriwal | Delhi govt wants lifting of weekend curfew amid drop in COVID-19 cases | Merged, not extinguished: Govt on Amar Jawan Jyoti row

Zomato winds up its South Africa business

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

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

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

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

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

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

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.

Aditya Birla Fashion and Retail Ltd partners with House of Masaba; to buy 51 pc in the designer brand

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

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

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

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

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

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

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

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.