ED summons former India head of Chinese phone maker Xiaomi: Report
Apr 13, 2022, at 05:40 am
New Delhi: The Enforcement Directorate Tuesday summoned the former India head of China's Xiaomi Corp Manu Kumar Jain to investigate if the company's business practices conformed with Indian foreign exchange laws, Reuters reported citing sources.
Apr 13, 2022, at 04:36 am
New Delhi: The number of domestic patent filing has surpassed the number of international patent filing at the Indian patent office in the quarter Jan-Mar 2022, the Ministry of Commerce & Industry said Tuesday.
Merlin Group celebrates hand over of its new uber-lux condominiums with Priyankar Sarkar
Apr 13, 2022, at 01:17 am
Kolkata/IBNS: Kolkata-based real estate company Merlin Group threw a fashion show “Fiesta” at Merlin 5th Avenue to celebrate the residential project's completion and to mark the formal handover of possession.
Honda plans to invest $64 billion by 2030 to ramp up EV production
Apr 13, 2022, at 12:52 am
Japan's Honda Motors will invest $64 billion by 2030 to push its EV segment with the addition of 30 more models in the course of the next 10 years, Reuters reported.
India's industrial output moves up 1.7 percent in February
Apr 13, 2022, at 12:03 am
New Delhi: India's industrial output, which is measured by the Index of Industrial Production (IIP), moved up by 1.7 per cent in February compared to a 3.2 per cent contraction in the same month a year earlier, as per data released by the Ministry of Statistics & Programme Implementation on Tuesday.
CPI inflation moves up to touch 17-month high figure of 6.95 pct in March
Apr 13, 2022, at 12:01 am
New Delhi: India's retail inflation jumped to a 17-month high figure of 6.95 percent in March from 6.07 percent in February, as per government data released on Tuesday.
Indian Rupee down 18 paise against USD
Apr 12, 2022, at 11:30 pm
New Delhi: The Rupee on Tuesday dropped 18 paise to close at 76.13 against the USD on rising demand for the greenback by bankers and importers, dealers at the Foreign Exchange said.
Snapdeal launches beauty brand “Miyuki” under its Power Brands program
Apr 12, 2022, at 10:35 pm
New Delhi: Snapdeal on Tuesday announced the launch of beauty brand, Miyuki on its platform.
Tata Steel drops 4.78 per cent to Rs 1320.55
Apr 12, 2022, at 10:32 pm
Mumbai: Tata Steel on Tuesday slid 4.78 per cent to Rs 1320.55 a major loser in 30 scrips of BSE.
Indian Market: Sensex down 388.20 points
Apr 12, 2022, at 10:23 pm
Mumbai: The BSE Sensex on Tuesday dropped further by 388.20 points to settle at 58,576.36 on weak global peers.
Indian textile industry has potential to achieve $100 billion in exports by 2030: Piyush Goyal
Apr 12, 2022, at 09:30 pm
New Delhi: Union Minister of Commerce and Industry and Textile Piyush Goyal said Tuesday that Indian textile exports to Australia and UAE would now face zero duty and expressed confidence that soon Europe, Canada, UK, and GCC countries would also welcome Indian textile exports at zero duty.
Petrol, diesel prices remain unchanged
Apr 12, 2022, at 02:22 pm
New Delhi: Petrol and diesel prices remained unchanged on Tuesday.
TRAI recommends cut downs in base price across spectrum bands
Apr 12, 2022, at 08:05 am
New Delhi: Telecom regulator TRAI on Monday recommended slashing down approximately 39 percent in the reserve or floor price for the sale of spectrum for mobile services, including the latest 5G offering, in a bid to set revenue expectations in proportion to the industry’s paying capacity.
TCS Q4 Result: Profit up at Rs 9,926 cr, revenue crosses Rs 50,000 cr mark
Apr 12, 2022, at 03:43 am
Mumbai: IT major Tata Consultancy Services (TCS) on Monday registered a 7 percent increase in consolidated net profit for the quarter ended March 31 at Rs 9926 crore aided by higher revenues.
JSW Steel gets green nod clearance for ISP project in Odisha
Apr 12, 2022, at 01:58 am
Mumbai: JSW Utkal Steel Ltd (JUSL), a wholly-owned subsidiary of JSW Steel Ltd, on April 11 received environmental clearance from the Union Ministry of Environment and Forest and Climate Change (MoEF&CC) for setting up a greenfield Integrated Steel Plant (ISP) of 13.2 million tonnes per annum (MTPA) crude steel in Odisha state.
Tata Motors plans to expand EV production amid soaring demand
Apr 12, 2022, at 12:39 am
Mumbai: Tata Motors is planning to step up the production of electric vehicles as demand continues to surpass the manufacturing capacity by a huge margin, according to a top company official, said media reports.
Apr 12, 2022, at 12:14 am
Kolkata: Dairy products manufacturing giant Mother Dairy Fruit & Vegetable Pvt. Ltd on Monday said it has sketched a plan for its value-added portfolio to achieve a cumulative turnover contribution of around Rs. 500 crores, maintaining a Compound annual growth rate (CAGR) of over 30 percent, in the next 5 years (FY2026-27) from the Eastern market.
Eirich Group- Germany expands in India with new plant in Pune
Apr 11, 2022, at 11:01 pm
Kolkata: Eirich India has planned to start production of machinery and equipment as early as Q1 2023 at its new plant in Pune's Chakan industrial area.
OIJIF II invests in Senco Gold & Diamonds jewellery chain
Apr 11, 2022, at 10:06 pm
Kolkata: Oman India Joint Investment Fund II (OIJIF II) announced that it has invested approximately Rs 75 crores in Senco Gold Limited, a pan India jewellery retailer based out of Kolkata.
FM Sitharaman to hold meeting with PSB heads
Apr 11, 2022, at 01:37 am
New Delhi: Finance Minister Nirmala Sitharaman will meet the heads of public sector banks (PSBs) on April 23 to review the performance of banks and the progress made by them on the various government schemes.
PharmEasy appoints Aamir Khan as its brand ambassador
Apr 09, 2022, at 08:26 pm
Kolkata/IBNS: PharmEasy, a consumer healthcare app, has appointed Bollywood superstar Aamir Khan as its brand ambassador.
Need for CBDC emerged due to threat posed by stablecoins: RBI Deputy Governor
Apr 09, 2022, at 05:38 pm
Mumbai: RBI deputy governor T Rabi Sankar has said that stablecoins —cryptocurrencies pegged to stable assets such as gold or dollar are a bigger cause of worry for economies as it increases the risk of dollarisation.
RBI restores LAF, introduces SDF
Apr 09, 2022, at 04:24 pm
Mumbai: The RBI introduced as introduced the Standing Deposit Facility or SDF at 3.75 percent as part of its liquidity management and normalisation of the Liquidity Adjustment Facility (LAF).
Abu Dhabi-based IHC to invest $2 billion in 3 Adani companies
Apr 09, 2022, at 07:50 am
Mumbai: Abu Dhabi’s International Holding Company PJSC (IHC) will invest $2 billion as primary capital in three Adani portfolio companies.
Despite Covid-19, turbulent geopolitical situation, India's exports remain robust: RBI
Apr 09, 2022, at 06:13 am
Mumbai: Despite the turbulent geopolitical situation and the recent spike in global oil and commodity prices, demand for the country's exports and key commodities remained strong, observed Shaktikanta Das, Governor, Reserve Bank of India.
RBI to take 'calibrated and nuanced' approach towards CBDC
Apr 09, 2022, at 03:25 am
Mumbai: The Reserve Bank of India (RBI) is all set to start testing and running pilot projects of Central Bank Digital Currency (CBDC) after legislative enablement by the Centre, RBI Deputy Governor T. Rabi Shankar said in a post monetary policy committee press conference.
Experts laud RBI's move to address inflationary pressures while balancing growth
Apr 08, 2022, at 11:32 pm
Mumbai: The Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at four percent for the 11th time in a row as it continues to maintain its accommodative stance in the backdrop of rising inflation.
ITC moves up 4.36 pc to Rs 267.80
Apr 08, 2022, at 11:18 pm
Mumbai: ITC on Friday rallied 4.36 pc to reach Rs 267.80, a major gainer in 30 scrips of BSE.
Indian Market: Sensex-Nifty moves up 412.23 points
Apr 08, 2022, at 10:02 pm
Mumbai/UNI: Snapping the losing streak of last two sessions, the BSE Sensex on Friday rallied 412.23 pts to close at 59,447.18 following gains in Metal, Power, Oil and Gas and Utilities stocks.
RBI's focus shifts to inflation from economic growth amid geopolitical crisis
Apr 08, 2022, at 09:14 pm
Mumbai: Taking note of the risks due to rising inflation amid global geopolitical incidents, after a period of two years, the RBI is prioritizing inflation over economic growth.