900 MW solar power project in Rajasthan stalled over high import duty on equipment
Feb 04, 2022, at 04:44 am
The 900-megawatt (MW) solar power project in Rajasthan has come to a halt after the companies behind the project decided to discontinue work citing bottlenecks and rising import prices, media reports said.
Tata Power to set up EV charging stations in partnership with Apollo Tyres
Feb 04, 2022, at 04:10 am
Mumbai: Tata Motors will set up electric vehicle charging stations at the commercial and passenger vehicle zones of Apollo Tyres across India as part of a strategic partnership between the two companies.
Indian Tea Association elects office bearers for 2021-22
Feb 04, 2022, at 01:52 am
Kolkata/IBNS: Nayantara Palchoudhuri, Director of Washabarie Tea, has been elected the Chairperson of Indian Tea Association for the year 2021-22 in a meeting of the trade body on Wednesday.
Gillette India starts marketing and selling electric grooming appliances brand Braun in India
Feb 03, 2022, at 09:43 pm
Kolkata/IBNS: Gillette India Limited (GIL) today announced that it has commenced marketing and selling of electric grooming appliances of Braun in India. Braun, a subsidiary of Procter & Gamble was founded in Germany in 1921 and manufactures both male and female grooming devices.
Sensex down by over 300 points
Feb 03, 2022, at 05:03 pm
Mumbai/UNI: Breaking the rally of the last three sessions, the BSE Sensex on Thursday tumbled down 306.67 pts at 59,251.66 as almost all sectoral indices were in red.
India's sovereign wealth fund NIIF invests in e-commerce company FirstCry: Report
Feb 03, 2022, at 02:35 pm
Bengaluru/IBNS: In a first, India’s sovereign wealth fund –the National Investment and Infrastructure Fund (NIIF) — has made an investment in the country's online economy with e-commerce company FirstCry, media reports said.
HDFC Q3 result: Net Profit grows 11.4 pc YoY to 3,261 cr
Feb 03, 2022, at 07:21 am
Mumbai/IBNS: Housing Development Finance Corporation (HDFC) declared an 11.4 percent year-on-year (YoY) growth in net profit at Rs 3,260.7 crore for the quarter ended December.
If LIC IPO goes as planned, FY22 disinvestment target achievable: Revenue Secretary Tarun Bajaj
Feb 03, 2022, at 06:10 am
New Delhi/IBNS: If the LIC IPO goes as planned, the government will be able to achieve itsthe FY22 disinvestment target of 1.75 lakh crore and might even exceed revised estimates (RE) figures, Revenue Secretary Tarun Bajaj said Wednesday.
Pvt cryptocurrencies will never be legal tender: Finance Secretary
Feb 03, 2022, at 05:18 am
New Delhi/IBNS: Private cryptocurrencies like Bitcoin and Ethereum, as well as non-fungible tokens (NFT) will never become legal tenders as their values are fixed by private entities, Finance Secretary TV Somanathan said Tuesday.
APSEZ Q3 net profit declines 6 per cent
Feb 03, 2022, at 04:23 am
Visakhapatnam/UNI: Adani Ports and Special Economic Zone Limited (APSEZ), has reported a 6 percent year-on-year decline in its consolidated Net Profit at Rs 1479 crore for the third quarter ended December 31, 2021.
AAI seeks a rise in coal supply for aluminium sector
Feb 03, 2022, at 04:15 am
Mumbai/UNI: The Aluminium Association of India (AAI) has urged the Ministry of Coal to ensure adequate supply of coal to the highly power-intensive aluminium industry as the coal stocks with the producers are running critically low.
Budget provided maximum relief to taxpayers: CBDT Chairman
Feb 03, 2022, at 04:00 am
New Delhi/UNI: The focus of the Budget has been to provide maximum relief to the taxpayers by making significant changes in the income tax processes, Central Board of Direct Taxes (CBDT) Chairman JB Mohapatra said here on Wednesday
Adani Total Gas Q3 PAT dips 12.51 pc to Rs 127.61 cr
Feb 03, 2022, at 03:41 am
Mumbai/UNI: Adani Total Gas on Wednesday reported a 12.51 per cent year-on-year decline in consolidated net profit for the quarter ended December 31, 2021 at Rs 127.61 crore, largely on the back of higher expenses.
I-T return form to have designated column for crypto gains
Feb 03, 2022, at 02:15 am
New Delhi/IBNS: Income tax return forms will have a different column to mention earnings from cryptocurrency and paying requisite taxes, said Revenue Secretary Tarun Bajaj on Wednesday.
IndusInd Bank moves up to touch Rs 973.40
Feb 02, 2022, at 11:07 pm
Mumbai/UNI: IndusInd Bank on Wednesday rallied 5.57 per cent to Rs 973.40, a major gainer in the 30 scrips of the Bombay Stock Exchange (BSE).
Indian Market: Sensex ends strong at 59,558.33 pts
Feb 02, 2022, at 11:05 pm
Mumbai/UNI: The BSE Sensex on Wednesday rallied 695.76 pts to close at 59,558.33 following gains in Bankex, Finance, Realty, IT and Technology stocks amid positive impact of budget.
GAIL starts India’s maiden project of blending hydrogen into CGD network
Feb 02, 2022, at 10:58 pm
New Delhi/IBNS: State-run natural gas processor and distributor Gas Authority of India Limited (GAIL) has commenced India’s first-ever project of mixing hydrogen into the natural gas system at Madhya Pradesh's Indore, Ministry of Petroleum & Natural Gas said Tuesday.
Sri Lanka to buy fuel from IOC to avert energy crisis
Feb 02, 2022, at 09:38 pm
New Delhi: Sri Lanka will buy 40,000 metric tonnes each of petrol and diesel from the Indian Oil Corporation (IOC) to overcome its fuel and energy crisis, media reports said.
Axis Mutual Fund launches ‘Axis Equity ETFs FoF’
Feb 02, 2022, at 09:21 pm
New Delhi: Axis Mutual Fund on Wednesday announced the launch of Axis Equity ETFs FoF (An Open Ended Fund of Fund scheme predominantly investing in units of domestic equity ETFs).
Capex quality, digital push, transition to new energy positives of a growth-push Budget: ASSOCHAM
Feb 02, 2022, at 05:32 am
Kolkata: Along with several positive and innovative measures, the most defining feature of the Finance Minister Mrs Nirmala Sitharaman's Budget for 2022-23 is a phenomenal increase in the government's capital expenditure which would effectively go up to Rs 10.68 lakh crore for the fiscal beginning April 1, ASSOCHAM has said.
Union Budget 2022: Govt takes major steps to support MSMEs amid Covid-19 pandemic
Feb 02, 2022, at 05:22 am
New Delhi/IBNS: The MSME sector is being considered as the biggest winner in the Union Budget 2022 as Finance Minister Nirmala Sitharaman announced various schemes, targetting raw material and input costs, skill development, access to credit, infrastructure boost and ease of doing business, according to experts.
Union budget: Find out what gets costlier and cheaper
Feb 02, 2022, at 04:43 am
New Delhi/IBNS: Imported items and X-ray machines will get expensive as per the Union Budget presented by Finance Minister Nirmala Sitharaman on Tuesday.
Invesmate 's stock market courses in Bengali gain popularity in West Bengal, Tripura
Feb 02, 2022, at 04:08 am
Kolkata/IBNS: Often people avoid investing in stock market due to misconceptions and fears. "INVESMATE" was launched in a small Tier 3 town Konnagar (West Bengal) with the aim to arm prospective investers with right knowledge in Bengali.
Budget 2022-23: Aviation sector dismayed on ATF front
Feb 02, 2022, at 02:11 am
New Delhi/IBNS: The Indian aviation players were disappointed with regards to no reduction provided on import duty applicable on Aviation Turbine Fuel (ATF) in this year's fiscal budget.
Only RBI can issue Digital Currency, rest are assets and attract 30 pc tax: Sitharaman
Feb 02, 2022, at 12:41 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman has clarified the difference between Digital Currency to be issued by the Reserve Bank of India (RBI) and the digital assets, which includes the "crypto world", where the transactions will now attract a 30 percent tax.
Udyam, e-Shram, NCS, ASEEM portals to be linked to support MSMEs
Feb 02, 2022, at 12:00 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman presenting the Union Budget 2022 on Tuesday said portals like Udyam, e-Shram, National Career Service (NCS) and Atmanirbhar Skilled Employee-Employer Mapping (ASEEM) will be interlinked to increase their scope.
Technology takes centre-stage in health budget
Feb 01, 2022, at 11:52 pm
New Delhi: Technology has taken a centre-stage for the Health Sector in the General Budget presented in the Parliament by Nirmala Sitharaman, Union Minister of Finance.
Indian Market: Sensex moves up 848.40 points on Union Budget presentation day
Feb 01, 2022, at 11:45 pm
Mumbai/UNI: The equity market remained firm for another session on Tuesday as the BSE Sensex posted massive gains of 848.40 points to close high at 58,862.57 following gains in metal, materials, capital goods and FMCG stocks amid a positive Asian Market.
Feb 01, 2022, at 11:31 pm
New Delhi/IBNS: Finance Minister Nirmala Sitharaman has taken major steps in financial inclusion and further digitisation of the rural economy with the announcement of integrating 1.5 lakh post offices under the core banking system and creation of 75 digital banking units.
Budget 2022-23: Extension of ECLGS, e-passports to shore up tourism sector
Feb 01, 2022, at 11:24 pm
New Delhi/IBNS: The financial budget 2022-23 has earmarked 50,000 crore for the hospitality sector under the Emergency Credit Line Guarantee Scheme (ECLGS) and looks to introduce e-passports for easing the travel process globally.