Amazon's January 19 letter opposing the sale of small-format stores by Future Retail Limited (FRL) has elicited a terse response from the latter's independent directors, who asked the e-commerce giant to pay Rs 3,500 crore to FRL so that it can repay its lenders, media reports said.
New Delhi/IBNS: In good news for salaried employees, the government may double the limit for tax-free contribution to the provident fund for salaried employees up to Rs 5 lakh per annum in the forthcoming Union budget 2022-23, in order to bring them at par with government employees.
Srinagar: The J&K CEGA Friday appealed Lt Governor Manoj Sinha and Chief Secretary Arun Kumar Mehta to ensure the Assured Career Progression (ACP) of the engineers.
New Delhi/IBNS: Ahead of Union Budget 2022-23, the Confederation of Indian Industry (CII) has urged state governments to lift restrictions on economic activity, given that the occupancy rate of hospital beds due to the Omicron variant of Covid is well within the manageable level.
New Delhi/UNI: Minister of Commerce & Industry Piyush Goyal on Friday asked the Indian industry to inculcate a greater appetite for risk-taking, leverage the cost advantage as well as the trust advantage that it enjoys and partner with all stakeholders including Central and state governments to attract businesses to India and transform it into a global leader.
New Delhi/IBNS: India has changed its outlook on world trade owing to the challenges and possibilities presented by the Covid-19 pandemic and amid the changing scenario the country has set up a target of $500 billion exports for 2022-23 fiscal, a top government official has said.
Mumbai/UNI: State-run ONGC on Friday said it has appointed Anurag Sharma as its Chief Financial Officer.
New Delhi/UNI: Private lender Yes Bank on Saturday reported a 76.8 percent jump in its net profit at Rs 266.43 crore in the third quarter (Q3) of the current financial year as compared to Rs 150.71 crore in the corresponding period of FY21.
New Delhi/UNI: Private lender ICICI Bank on Saturday reported a 25.38 percent year-on-year rise in its net profit for the quarter ending December 31, 2021, at Rs 6,194 crore.
Mumbai/IBNS: Air India on Friday appointed Vikram Dev Dutt as its chairman and managing director (CMD).
New Delhi/IBNS: Vodafone Idea on Friday said its consolidated losses for the Q3FY22 widened to Rs 7,230.9 crore from Rs 4,532.1 crore against the same quarter last year.
New Delhi/UNI: Indian Association of Tour Operators (IATO), the apex inbound tour operators body, on Friday sought special status for the tourism industry.
Mumbai/UNI: Private sector lender IDBI Bank on Friday reported a 53 percent increase in standalone net profit for the quarter ended December 31, 2021 at Rs 578 crore on the back of higher net interest income.
New Delhi/UNI: The NITI Aayog along with Rocky Mountain Institute has sought priority sector lending status for electric two-wheelers, three-wheelers and commercial vehicles in the Reserve Bank of India’s (RBI) priority-sector lending guidelines which can help unlock EV financing market of Rs 40,000 crore by 2025 and achieve COP26 targets.
New Delhi/UNI: Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Friday reported 41 percent year-on-year jump in its consolidated net profit (attributable to owners of the company) to Rs 18,549 crore for the quarter ending December 31, 2021.