ABG Shipyard Case: CBI issues lookout notice for directors
Feb 16, 2022, at 04:23 am
The Central Bureau of Investigation (CBI) issued lookout notices against Rishi Agarwal and other directors of ABG Shipyard in connection with the Rs 23,000-crore bank fraud case so that they are not able to leave the country while the case is investigated, media reports said.
India’s exports increase by 36.76 pc YoY in Jan
Feb 16, 2022, at 02:17 am
New Delhi/IBNS: India’s overall exports (Merchandise and Services combined) in January 2022 are estimated to be $ 61.41 billion, exhibiting a positive growth of 36.76 percent over the same period last year and a positive growth of 38.90 percent over January 2020.
Unacademy signs MoU with Himachal Pradesh govt to empower aspirants for competitive exams
Feb 16, 2022, at 01:21 am
Kolkata/IBNS: Unacademy today entered into a Memorandum of Understanding (MoU) with the Govt of Himachal Pradesh to identify and empower meritorious students from the state to prepare for competitive exams. The pilot under the MoU will be conducted in Hamirpur district.
Feb 16, 2022, at 12:20 am
New Delhi: Life Insurance Corporation of India (LIC), the market leading insurer and financial conglomerate, has mentioned that every policyholder shall have to ensure that his / her PAN details are updated in the policy records of the Corporation on or before Feb 28 in order to be considered an Eligible Policyholder for application in the forthcoming Public Issue.
Kotak introduces new mother benefit policy for its ‘Wonder Women’
Feb 15, 2022, at 11:34 pm
Kolkata: In an initiative to support the commitment of working women, Kotak Mahindra Bank Limited (“KMBL” /”Bank”) on Tuesday announced a New Mother Benefit policy, that will offer financial support to new mothers for a period of one year after return to work, to help them set up a reliable support system for newborn and mother herself.
Feb 15, 2022, at 11:23 pm
Kolkata: Manufacturer of small commercial vehicles Piaggio Vehicles Pvt Ltd (PVPL) entered West Bengal market with its first three-wheeler EV experience centre, Essem Tekno Services Pvt. Ltd. in Kolkata.
SpiceJet's Q3FY22 profit at Rs 42.45 crore after reporting loss for seven consecutive qtrs
Feb 15, 2022, at 11:01 pm
Mumbai/IBNS: Budget carrier SpiceJet Ltd on Tuesday reported a profit for the Q3FY22 after suffering losses for seven continuous quarters, riding on increase in fliers and higher yields. The airline recorded a consolidated net profit of Rs 42.45 crore in the December quarter compared to a loss of Rs 66.78 crore in the same quarter previous year.
Retail inflation touches 6.01 pct in January highest in six months
Feb 15, 2022, at 12:04 am
New Delhi: India's retail inflation spiked to 6.01 per cent in January, the highest figure in six months, as per data released by the Indian government on Monday.
Ilker Ayci appointed as CEO, MD of Air India: Tata Sons
Feb 14, 2022, at 11:12 pm
New Delhi: Tata Sons on Monday announced the appointment of Ilker Ayci as the CEO & MD of Air India.
IL&FS group to clear Rs 55,000 cr debt by March
Feb 14, 2022, at 06:47 am
IL&FS group would clear debt of Rs 55,000 crore by March 2022, the board of the cash-strapped company has stated in its affidavit filed before the National Company Law Appellate Tribunal (NCLAT).
5G spectrum auction likely by May: Report
Feb 14, 2022, at 05:36 am
New Delhi/IBNS: The 5G spectrum auction may finally take place in May if the Telecom Regulatory Authority of India (Trai) submits its recommendations on the rules for the sales process, according to media reports.
Ratan Tata takes delivery custom-made electric Nano built by Electra EV
Feb 14, 2022, at 03:58 am
Tata Group Chairman Emeritus Ratan Tata is a proud owner of a custom-built 72V Nano EV, manufactured by Electra EV, a company founded by him for powertrain solutions to automakers.
LIC files DRHP with market regulator SEBI, Indian govt to sell 5 pc stake
Feb 14, 2022, at 02:19 am
New Delhi/UNI: Public sector insurance behemoth Life Insurance Corporation (LIC) on Sunday filed the draft red herring prospectus (DRHP) with market regulator SEBI, setting the stage for a mega initial public offering (IPO).
HGS logs two-fold jump in Q3 PAT
Feb 13, 2022, at 11:49 pm
Mumbai/UNI: Hinduja Global Solutions (HGS) reported a nearly two-fold rise in consolidated net profit for the quarter which ended on December 31, 2021 at Rs 163.75 crore on the back of higher revenues, a statement said on Sunday.
MOIL Q3FY22 net profit jumps 141 pc to Rs 124 cr
Feb 13, 2022, at 11:38 pm
New Delhi/IBNS: State-run the Manganese Ore (India) Limited (MOIL) reported a net profit of Rs 123.88 crores for Q3FY22, up 141.11 percent against Rs 51.38 crore during the same quarter last year.
268 SEZs are operational in the country: Centre
Feb 13, 2022, at 10:09 pm
New Delhi/IBNS: As of date, 376 SEZs are notified and 268 SEZs are operational in the country, according to the Ministry of Commerce and Industries.
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.