5G auction: DoT issues demand notices asking all 4 bidders to pay by Aug 16
Aug 08, 2022, at 06:26 pm
New Delhi: The telecommunication department has asked all the four participants of the 5G spectrum auction--Reliance Jio Infocomm, Bharti Airtel, Adani Data Networks, and Vodafone Idea-- to make payments by August 16.
Tata Motors signs Definitive Agreement for the acquisition of Ford India’s Sanand plant
Aug 08, 2022, at 06:57 am
Mumbai: Tata Motors subsidiary Tata Passenger Electric Mobility Ltd (TPEML) and Ford India Pvt Ltd (FIPL) Sunday signed a Unit Transfer Agreement (UTA) for the acquisition of the latter's manufacturing plant situated at Sanand, Gujarat for Rs 725.7 crore, an official release said.
Tata Motors to deploy 1,180 e-buses in West Bengal by 2023 end
Aug 06, 2022, at 08:15 pm
Kolkata/IBNS: The West Bengal Transport Corporation (WBTC) has awarded a work order to Tata Motors Limited for deployment of 1,180 electric buses under the ‘Grand Challenge’ initiative of Convergence Energy Services Limited (CESL).
FMCG sales continue to decline in July: Report
Aug 06, 2022, at 07:25 pm
FMCG sales continued to slide for the third consecutive month in July, registering a decline of 8 percent since last month, data from retail intelligence firm Bizom showed.
Reliance Industries' brand new eCommerce platform JioMarket likely before festive season: Report
Aug 06, 2022, at 07:16 pm
Mumbai: With the launch of its separate platform JioMarket nearing, Reliance Industries (RIL) has started inducting independent sellers and Direct to Customer (D2C) brands, media reports said.
Aug 06, 2022, at 04:41 pm
New Delhi/UNI: The prices of petrol and diesel remained steady Saturday.
Cheap Russian crude likely to pose tough competition to Saudi Arabia in India
Aug 06, 2022, at 06:36 am
New Delhi: Russia and Saudi Arabia could be soon locked in a battle over securing a bigger share of India's crude import market, with Moscow offering a cheaper alternative to one of the world's biggest importers.
Elon Musk accuses Twitter of fraud in buyout deal
Aug 06, 2022, at 05:29 am
San Francisco/IBNS: Tesla chief Elon Musk has accused Twitter of fraud and alleged that the social media platform has misled him about key aspects of its business before he agreed to a $44 billion deal amid a court battle.
Kotak Mahindra Bank Completes its Integration for GST Payment
Aug 06, 2022, at 05:20 am
Kolkata: Private sector lender Kotak Mahindra Bank Limited (KMBL) Friday announced the completion of its integration with the GST portal.
13,92,265 EVs running on the roads of India
Aug 06, 2022, at 05:09 am
New Delhi: A total of 13,92,265 Electric Vehicles (EVs) are running on Indian rods as of August 3, 2022, as per the information received from the Ministry of Road Transport and Highways.
Cloudatail denies controlling links with Amazon, opposes CCI raid
Aug 06, 2022, at 04:29 am
New Delhi: E-commerce seller Cloudtail India has challenged the CCI's April 28 raid on its premises, saying that Amazon has no controlling interest in it and the vendor cannot be linked to a case that was against the e-commerce platforms.
Croma celebrates 75th Independence: Great Deals on TVs, Laptops, smartphones and accessories
Aug 05, 2022, at 11:54 pm
New Delhi: To celebrate 75 years of India’s Independence, Croma, India’s first and trusted omnichannel electronics retailer from the Tata Group announces ‘Croma Independence Day Sale 2022’ starting Aug 5 bringing a host of exciting deals and offers on Smart TVs, Washing Machines, laptops, headphones, speakers, soundbars, tablets, mobile and accessories, printers, and more from Croma branded products and popular brands such as Samsung, HP, Asus, Acer, LG, Apple, Voltas, Redmi, Oppo etc.
RBI increases repo rate by 50 bps, retains FY23 growth forecast at 7.2 pc
Aug 05, 2022, at 10:47 pm
Mumbai: As widely expected, the Reserve Bank of India (RBI) on Friday increased the repo rate by 50 basis point to 5.40 per cent in a bid to tame inflation which has been above its comfort level for the past six months in a row.
Indian Market: Sensex rises 89.13 points
Aug 05, 2022, at 10:24 pm
Mumbai: The BSE Sensex on Friday rose 89.13 points at 58,387.93 following gains in technology, telecom, realty and materials stocks.
India's forex reserves grow after four weeks of decline
Aug 05, 2022, at 10:20 pm
Mumbai: India's foreign exchange reserves jumped by $2.4 billion during the week ended July 29 after falling for four consecutive months riding on the return of FPIs.
Import of non-coking coal dropped 7.5 pc YoY to 152 MT in FY22
Aug 05, 2022, at 08:22 pm
New Delhi: The total import of non-coking Coal during 2021-22 was 151.77 Million Tonnes (MT) as against 164.05 MT imported in the previous year of 2020-21, registering a decrease of 7.5 percent, according to the ministry of coal.
RBI hikes key lending rate by 50 basis points
Aug 05, 2022, at 03:52 pm
Mumbai: Reserve Bank of India Governor Shaktikanta Das on Friday announced the bank's decision to hike the key lending rate by 50 basis points to 5.4 percent with immediate effect.
RBL signs franchise agreement with Balenciaga
Aug 05, 2022, at 07:42 am
Mumbai: Reliance Brand Limited (RBL) has signed a strategic deal with Balenciaga to bring the best of global couture to the Indian market.
CCPA fines Amazon Rs 1 lakh for selling sub-standard pressure cookers
Aug 05, 2022, at 05:13 am
New Delhi: In a suo moto action, the Central Consumer Protection Authority (CCPA) has fined Amazon's e-commerce platform Rs 1 lakh for selling sub-standard pressure cookers in violation of mandatory standards.
Volvo Car India’s Amit Jain to assume key role in Volvo Cars APeC Region
Aug 04, 2022, at 10:04 pm
Kolkata: Volvo Car India Thursday announced that its Director of Marketing and PR Amit Jain will be taking up a regional profile within Volvo Cars.
Centre approves FRP of Rs 305 per quintal for sugarcane for 2022-23 season
Aug 04, 2022, at 06:51 am
New Delhi/UNI: The government on Wednesday approved Rs 305 per quintal as Fair and Remunerative Price (FRP) for sugarcane for sugar season 2022-23 (October-September).
Airtel signs deal with Ericsson, Nokia, Samsung to commence 5G deployment
Aug 04, 2022, at 06:40 am
New Delhi/UNI: Bharti Airtel on Wednesday announced that it has signed 5G network agreements with Ericsson, Nokia and Samsung to commence 5G deployment in August this year.
Legislative and policy measures taken to boost exports through eCommerce: Union minister Som Parkash
Aug 04, 2022, at 06:12 am
New Delhi: The government has taken several steps for increasing exports through e-Commerce, including various legislative and policy measures for e-commerce keeping in mind the retailers, Minister of State for Commerce and Industry Som Parkash told Lok Sabha in a written reply on Wednesday.
5G Spectrum reserve price based on TRAI recommendations
Aug 04, 2022, at 05:14 am
New Delhi: The government has decided the final reserve price of the 5G Spectrum in the various frequency bands based on the recommendations of the Telecom Regulatory Authority of India (TRAI) which were made after carrying out consultation with all stakeholders, including Telecom companies, Minister of Stae for Communication Devusinh Chauhan in a written reply to a question in Lok Sabha today.
CCPA issued 24 notices for unfair trade practices against e-commerce firms
Aug 04, 2022, at 04:49 am
New Delhi: The CCPA has issued 24 notices for unfair trade practices against e-commerce companies and issued two safety notices to alert and make consumers cautious against buying household goods like pressure cookers, helmets, etc. that do not conform to the Bureau of Indian Standards, Union minister Ashwini Kumar Choubey told Lok Sabha in a written reply on Wednesday.
NPCI and IIT Kanpur Ink MoU for knowledge sharing and research collab
Aug 04, 2022, at 03:51 am
The Indian Institute of Technology (IIT), Kanpur and National Payments Corporation of India (NPCI) have signed a Memorandum of Understanding (MoU) for sharing knowledge on innovative ideas and to collaborate on the development of indigenous digital payments solutions.
Vodafone Idea narrows Q1FY23 loss to Rs 7,295 cr; ARPU surges 23.4 pc to Rs 128
Aug 04, 2022, at 01:52 am
Mumbai: Vodafone Idea Wednesday reported a consolidated loss of Rs 7,295 crore in the quarter ending June 2022 compared to Rs 7,312 crore in the same quarter last year.
Aug 03, 2022, at 11:48 pm
Gurugram: InterGlobe Aviation Ltd which operates budget carrier IndiGo Wednesday reported a net loss of Rs 10,643 million for the quarter ended June 2022, narrowing its loss by nearly one-third compared to a net loss of Rs 31,742 million incurred in the June quarter of FY22.
Cube Highways InvIT appoints Pankaj Vasani as Group CFO
Aug 03, 2022, at 10:54 pm
New Delhi: India’s largest highways platform, Cube Highways, has appointed Pankaj Vasani as Group CFO.
Indian Rupee down 45 paise against USD
Aug 03, 2022, at 10:51 pm
Mumbai: The Rupee on Wednesday slid 45 paise to close at 79.16 against the USD on rising demand for the US Dollar from bankers and exporters, dealers at the Foreign Exchange said.