Indian sugar mills reduce exports amid falling prices, strengthening rupee: Report
Jan 14, 2022, at 03:47 am
Mumbai/IBNS: The mill owners in India are deferring the signing of new sugar export contracts due to big differences between local and global rates triggered by decline in global prices and appreciation in the value of the rupee, Reuters reported.
CBDT issues Rs 1.54 lakh cr in refunds to income taxpayers
Jan 14, 2022, at 02:12 am
New Delhi/IBNS: The income tax department on Thursday said it has issued refunds of over Rs 1.54 lakh crore to more than 1.59 crore taxpayers so far this fiscal.
Omicron to push air traffic recovery into fiscal 2024: CRISIL
Jan 14, 2022, at 12:31 am
Mumbai/UNI: The Omicron-led third wave of the pandemic could pose fresh turbulence to air traffic, pushing full recovery into fiscal 2024, ratings agency CRISIL said on Thursday.
FSDC-SC members discuss challenges arising from third wave
Jan 14, 2022, at 12:12 am
New Delhi/UNI: Financial Stability and Development Council (FSDC) Sub Committee (FSDC-SC) chaired by RBI Governor Shaktikanta Das on Thursday reviewed developments in the global and domestic economy.
Jan 13, 2022, at 11:58 pm
New Delhi/UNI: In a major calibration of the India-UK bilateral relations, Minister of Commerce and Industry Piyush Goyal and UK Secretary of State for International Trade Anne-Marie Trevelyan launched negotiations on Thursday for a Free Trade Agreement(FTA).
Flipkart acquires electronic e-commerce company Yaantra
Jan 13, 2022, at 11:26 pm
Mumbai/UNI: E-commerce platform Flipkart on Thursday said it has acquired Yaantra, an electronics recommerce company, to strengthen its recommerce business and enhance after-sale offerings for its customers in the smartphones segment.
RIL signs MoU with Gujarat for investing Rs 5.95 lakh crore
Jan 13, 2022, at 11:06 pm
New Delhi/UNI: Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) on Thursday said it has signed MoU with the Gujarat government for a total investment of Rs 5.95 lakh crore in the state as part of investment promotion activity for Vibrant Gujarat Summit 2022.
Traders' body urges Centre to enact work from home policy
Jan 13, 2022, at 10:34 pm
New Delhi/UNI: The Confederation of All India Traders (CAIT) has asked the government to frame a standard protocol for work-from-home (WFH) which has become a regular feature due to the pandemic.
Is Your Group Life Insurance Enough?
Jan 13, 2022, at 07:50 pm
Introduction Shiva, a 30-year-old happily working in a renowned multinational company. While working in the office, one morning, he gets a stroke and meets with an untimely death. As Shiva was the family's sole bread-earner, they entered a dark phase of their life post his death. But, fortunately he had a group life insurance that helped his family sail through the dire times.
Jan 13, 2022, at 07:48 am
New Delhi/IBNS: The Centre on Wednesday clarified that no money is being paid in acquiring the equity stake in Telecom Service Providers (TSPs) as these companies have opted to convert certain dues payable to the government into equity/preference capital as per the Telecom Reforms Package announced in September last year.
Govt not interested in participating in Vi's management: Ravinder Takkar
Jan 13, 2022, at 06:17 am
After Vodafone Idea's decision to convert the interest on spectrum auction installments and AGR dues into equity that made the government the biggest shareholder in the company, its Managing Director Ravinder Takkar said the government has no intention to participate in management.
Mercedes Benz to assemble its EQS electric luxury sedan in India: Report
Jan 13, 2022, at 04:48 am
German auto major Mercedes Benz is planning to launch a unit for local assembly of its EQS electric sedan in India in a move to electrify its portfolio in Asia, media reports said.
TCS Q3FY22 Results: Net profit Rs 9,769, up 12 pc YoY
Jan 13, 2022, at 04:43 am
Bengaluru/IBNS: India’s largest Information Technology services company, Tata Consultancy Services Ltd (TCS), Wednesday reported a consolidated net profit of Rs 9,769 crore for the quarter ended December 2021, up 12.3 percent year-on-year.
Infosys reports 7.2 pc q-o-q growth in net profit
Jan 13, 2022, at 01:24 am
India's second largest Information Technology company Infosys Wednesday reported a 7.2 percent quarter-on-quarter growth in its consolidated net profit for the quarter ended December to Rs 5,809 crore.
India's CPI touches 5.59 pct in December
Jan 12, 2022, at 11:35 pm
New Delhi: India's Consumer Price Index inflation touched 5.59 percent in December, as per data released by the Indian government on Wednesday.
Wipro Q3 stands at Rs 2,969 crore
Jan 12, 2022, at 10:14 pm
Mumbai/UNI: IT company Wipro reported a flat growth in consolidated net profit for the quarter ended December 31, 2021 at Rs 2,969 crore as against Rs 2,966.7 crore in the corresponding period last fiscal.
Indian Market: Sensex up 533.15 points
Jan 12, 2022, at 09:28 pm
Mumbai/UNI: The BSE Sensex on Wednesday surged 533.15 points to close at 61,150.04 following gains in telecom, utilities, power and realty stocks.
COVID-19 variants, rising debt, threaten global economic growth: World Bank
Jan 12, 2022, at 09:01 pm
New York: Global growth will slow down over the next two years in the face of “fresh threats” from COVID-19 variants and rising inflation, debt and income inequality, the World Bank said on Tuesday in its latest report.
West Bengal's tourism stakeholders seek 'same leeway' as malls, restaurants; appeal to Mamata
Jan 12, 2022, at 07:37 pm
Kolkata/IBNS: Fighting renewed tourism restrictions caused by the omicron wave, the Association of Tourism Service Providers in Bengal (ATSPB) wrote an appeal to West Bengal CM Mamata Banerjee for opening all sightseeing spots in the state with 50 percent capacity.
Sensex advances 366 pts, Nifty rises by 101.20 pts
Jan 12, 2022, at 07:06 pm
Mumbai/UNI: Extending its gains for the fourth consecutive session, Sensex on Wednesday advanced 366 points to 60,982.96 as buying was seen across the board.
Petrol, diesel prices remain unaltered
Jan 12, 2022, at 05:10 pm
New Delhi/UNI: The fuel prices continued to be steady as petrol and diesel rates remained unchanged on Wednesday.
Income Tax: Govt may increase standard deduction by 30-35 pc
Jan 12, 2022, at 02:47 pm
New Delhi/IBNS: The government is mulling an enhancement in the tax bracket for the salaried individuals by 30-35 percent in the upcoming budget while keeping the existing income tax slabs unchanged, media reports said.
Govt may ease restrictions on certain Chinese FDI to boost inflow: Report
Jan 12, 2022, at 02:38 pm
New Delhi/IBNS: The government may ease restrictions on some foreign direct investment after rules aimed at filtering out Chinese investments hindered inflow, Bloomberg reported.
Jan 12, 2022, at 08:41 am
Bengaluru/IBNS: Karnataka High Court has dismissed Google's petition challenging an order by The Competition Commission of India (CCI) rejecting the tech giant's request for access to the identity of developers who have provided evidence of being negatively affected by its Play billing system, media reports said.
EbixCash to automate and digitise Bengal and the Kolkata’s bus ticketing and fare collection system
Jan 12, 2022, at 05:25 am
Kolkata/IBNS: EbixCash Private Limited, a subsidiary of software and ecommerce service provider Ebix, Inc. (NASDAQ: EBIX) today announced that it has been awarded the prestigious order to design, develop, build, install, maintain, operate and transfer the Intelligent Transport Management System (ITMS) for all the state buses run by the two government owned transport corporations, namely Calcutta State Transport Corporation (CSTC) and West Bengal Transport Corporation (WBSTC).
After Vodafone, Tata Tele opts for equity conversion of interest dues; govt to get 9.5 pc stake
Jan 12, 2022, at 03:31 am
Mumbai/IBNS: Tata Teleservices has opted for the conversion of the interest on spectrum and adjusted gross revenue (AGR) dues into equity, where the government will own about a 9.5 percent stake in the telco.
CRISIL Ratings upgrades JSL’s rating to ‘CRISIL AA-/Stable’
Jan 12, 2022, at 12:41 am
New Delhi/IBNS: Jindal Stainless Limited (JSL) earned a major rating upgrade from CRISIL Ratings, with the agency assigning ‘CRISIL AA-/Stable’ rating to the long-term bank facilities of the company.
IT return filing deadline for Assessment Year 2021-22 extended till March 15
Jan 12, 2022, at 12:23 am
New Delhi: Income tax return filing deadline for Assessment Year 2021-22 has now been extended till Mar 15, officials said.
Centre secures approval for export of Indian mangoes to USA this season
Jan 12, 2022, at 12:12 am
New Delhi: The Central Government has secured the approval of the United States Department of Agriculture (USDA) for export of Indian mangoes to USA in the new season.
Indian Market: Sensex advances 221.26 pts
Jan 12, 2022, at 12:01 am
Mumbai/UNI: The BSE Sensex on Tuesday soared 221.26 points to close at 60,616.89 on the strength of power, utilities, realty and IT stocks.