May 16, 2022, at 12:36 am
Mumbai: E-commerce giant Amazon on Sunday said it has cumulatively created over 11.6 lakh direct and indirect jobs; enabled nearly $5 billion in exports and digitized over 40 lakh MSMEs in India.
Govt launches GatiShakti Sanchar portal to accelerate RoW approvals ahead of 5G roll-out
May 16, 2022, at 12:28 am
New Delhi: Communications, Electronics & IT on Saturday launched "GatiShakti Sanchar” portal for Centralised Right of Way (RoW) approvals in order to speed up fibre laying and tower installations, ahead of the 5G roll-out in the country.
Piyush Goyal consults industry as part of India’s FTA negotiations with UK, EU and Canada
May 16, 2022, at 12:10 am
New Delhi: Commerce and Industry Minister Piyush Goyal held a day-long stakeholder consultation with various sectors of the industry in Mumbai on Saturday on India’s ongoing negotiations on Free Trade Agreements with Canada, the United Kingdom and the European Union.
Raima Sen launches Unite Deals' new electric scooter
May 15, 2022, at 05:18 am
Kolkata/IBNS: Indian actor Raima Sen Saturday launched Unite Deal's new electric scooter in Howrah, a neighbouring district of the capital city of West Bengal, Kolkata.
LIC fixes IPO price at Rs 949 apiece, listing could begin Tuesday
May 15, 2022, at 04:11 am
Mumbai/IBNS: Life Insurance Corporation (LIC), whose public issue ended Monday, has fixed its IPO price at Rs 949 apiece.
Global supplies and logistical bottlenecks have impacted prices in India: Rajnath Singh
May 15, 2022, at 04:09 am
Lucknow/UNI: Defence Minister Rajnath Singh on Saturday said that Russia-Ukraine conflict has affected the global supplies and has created a logistical bottleneck which has impacted the prices of commodities and as a result core inflation has increased slightly .
Maruti Suzuki to invest Rs 11,000 cr in 1st phase of Sonipat plant
May 14, 2022, at 10:08 pm
New Delhi: India's largest car manufacturer Maruti Suzuki will invest Rs 11,000 crore to make operational the first phase of its new manufacturing facility in Haryana's Sonipat, according to an ET report.
How to Apply for Touchless Personal Loans Online?
May 14, 2022, at 08:57 pm
RBI allows banks to continue giving credit to NBFCs for on-lending to priority sector
May 14, 2022, at 07:57 pm
Reserve Bank has asked banks as well as small finance banks (SFBs) to continue lending to the NBFCs for the purpose of on-lending to certain priority sectors.
Is inking an FTA with India the best option for the Taiwanese semiconductor industry?
May 14, 2022, at 07:54 pm
Lacking labourers and manufacturing partners, the semiconductor industry from Taiwan has encountered a new dilemma. Could India as a manufacturing partner be the best pick for Taiwanese companies? Arpita Dutta writes for CommonWealth Magazine
Scindia agrees to look into airlines charging extra for boarding passes
May 14, 2022, at 07:42 pm
New Delhi: Aviation minister Jyotiraditya Scindia Friday agreed to look into complaints of airlines charging extra for boarding passes.
India bans wheat export with immediate effect
May 14, 2022, at 03:56 pm
New Delhi: The Centre on Saturday announced it has decided to ban wheat export with immediate effect in an attempt to control the rise in prices at home.
RBI imposes withdrawal restrctions on Shankarrao Pujari Nutan Nagari Sahakari Bank Limited, Kolhapur
May 14, 2022, at 05:59 am
Mumbai: The Reserve Bank of India (RBI) has imposed a string of restrictions on Shankarrao Pujari Nutan Nagari Sahakari Bank Limited, Ichalkaranji, Kolhapur, including on withdrawals, owing to the lender's deteriorating financial position.
UCO Bank Q4 results: Net profit jumps three-fold to Rs 312 cr, dividend remains undeclared
May 14, 2022, at 01:44 am
Kolkata/IBNS: The 95 percent state-owned UCO Bank registered a net profit jump of 290 percent to Rs 312 crore in the quarter ended March 2022 as against Rs 80 crore in quarter ended March 2021.
LIC HFL hikes rate of interest for loan products
May 13, 2022, at 11:24 pm
Mumbai: LIC Housing Finance Ltd (LIC HFL) on Friday revised the rate of interest for its loan products on the back of the Reserve Bank of India's (RBI) announcement on May 4, revising the repo rate.
SBI reports 41.28 pc jump in its net profit
May 13, 2022, at 11:00 pm
Mumbai: State Bank of India (SBI) on Friday reported a 41.28 per cent jump in its net profit at Rs 9,114 crore for the fourth quarter ended March 31, 2022.
Bandhan Bank's net profit jumps 1747 pc
May 13, 2022, at 10:56 pm
Kolkata: Bandhan Bank on Friday reported its net profit jumped 1747 per cent to Rs 1,902.3 crore in Q4 FY22.
India considering Preferential Trade Agreement with Oman: Piyush Goyal
May 13, 2022, at 04:55 am
New Delhi/IBNS: Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Thursday said that India was considering entering into a Preferential Trade Agreement (PTA) with Oman.
India's retail inflation soars to 7.79 pc in Apr
May 13, 2022, at 02:13 am
New Delhi: India's retail inflation jumped to 7.79 percent in April, mainly pushed by rising fuel and food prices, government data showed on Thursday.
RBL Bank's Q4FY22 net profit jumps 163 pc YoY to Rs 198 cr; NII grows 25 pc
May 13, 2022, at 01:44 am
Mumbai: RBL Bank Limited's Q4FY22 net profit surged by 163 percent year-on-year to Rs 198 crore compared to Rs 75 crore in the same quarter last year.
Campbell Wilson appointed as the CEO & MD of Air India
May 12, 2022, at 09:36 pm
Mumbai: Tata Sons today announced Campbell Wilson’s appointment as the Chief Executive Officer (CEO) & Managing Director (MD) of Air India.
UAE Minister of Economy Abdulla Bin Touq Al Marri meets Finance Minister Nirmala Sitharaman
May 12, 2022, at 09:03 pm
New Delhi: Minister of Economy of United Arab Emirates Abdulla Bin Touq Al Marri made a courtesy call to Finance Minister Nirmala Sitharaman in New Delhi Thursday and discussed the strong economic and commercial engagement between the India-UAE and the comprehensive strategic partnership which is driving the multifaceted bilateral relations
India, Oman agree to early conclusion of MoUs, acceptance of Rupay card in Oman
May 12, 2022, at 07:06 pm
New Delhi: India and Oman Wednesday held the 10th Joint Commission Meeting here, where they agreed on the early conclusion of all MoUs and Agreements, including on double taxation avoidance agreement, a bilateral Investment Treaty, and acceptance of the Rupay card in Oman.
May 12, 2022, at 05:43 pm
US consumer price inflation dipped slightly in April, increasing 8.3 percent against April 2021, according to government data released Wednesday, AFP reported.
May 12, 2022, at 04:20 pm
New Delhi/UNI: Petrol and diesel prices remained unchanged for the 36th day in a row on Thursday.
Uzbekistan wants to use Chabahar port to connect to Indian markets: Report
May 12, 2022, at 06:02 am
Uzbekistan wants to use the Chabahar port in Iran to connect to the Indian market, Furkat Sidikov, Deputy Minister of Foreign Affairs of Uzbekistan has said, media reported.
Avadh Sugar & Energy posts PAT of Rs 51 cr in Q4FY22, ethanol capacity reaches 325 KLPD
May 12, 2022, at 04:48 am
Kolkata: Avadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) posted a profit after tax (PAT) of Rs 51 crores for the quarter ended March 31, 2022.
May 12, 2022, at 04:42 am
New Delhi: Customers have to furnish PAN or Aadhaar numbers if cash withdrawals and deposits in a financial year cross Rs 20 lakh and also to open a current account or cash credit account with a bank.
Amid shortage, govt allows coal mines to increase output without feedback from locals: Report
May 12, 2022, at 01:56 am
New Delhi: The environment ministry has given a green signal to coal mines with clearances to boost output by 40 percent to increase production by up to 50 percent without seeking feedback from locals, media reports said.
ESAF Bank’s Q4 net profit rises 144 pc to Rs 105.60 cr
May 12, 2022, at 12:46 am
Kochi/IBNS: ESAF Small Finance Bank posted a 143.93 percent increase in net profit to Rs 105.60 crore for the fourth quarter ended March 31, 2022, as against a net profit of Rs 43.29 crore registered in the year-ago period.