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Headline
Fiscal Push: India's Q2FY22 GDP growth seen between 7-9%
New Delhi, Nov 29 (IANS) Healthy monsoon season along with pent-up demand are expected to accelerate India's Q2FY22 GDP growth rate to over 7 per cent during Q2FY22, experts said.
2021-11-29
Category: India, Delhi,Business/Economy
SC allows criminal proceedings against mining firm MD for illegal export
New Delhi, Nov 29 (IANS) The Supreme Court on Monday junked a petition by the Managing Director of Canara Overseas Ltd challenging criminal proceedings initiated against him and others for alleged illegal export of iron ore from Karnataka's Belekere port in 2009-10, and causing a loss of Rs 3.27 crore to the state exchequer.
2021-11-29
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
JM Financial gives 'sell' call for Paytm stocks with target price of Rs 1,240
New Delhi, Nov 29 (IANS) Brokerage house JM Financial has given a 'sell call for One97 Communications-owned Paytm, with a target price of Rs 1,240.
2021-11-29
Category: India, Delhi,Business/Economy
High dividend payer Aurum Proptech's share up over 100% in Nov
New Delhi, Nov 29 (IANS) Consulting and software service provider firm Aurum Proptech has doubled its investors' wealth in the month of November.
2021-11-29
Category: India, Delhi,Business/Economy
Value buying lifts equity indices, IT stocks rise (Roundup)
New Delhi, Nov 29 (IANS) Value buying as well as expectations of a robust Q2FY22 GDP growth numbers lifted India's key equity indices -- S&P BSE sensex and NSE Nifty50 -- on Monday.
2021-11-29
Category: India, Delhi,Business/Economy
No proposal to recognise Bitcoin as currency, says Sitharaman
New Delhi, Nov 29 (IANS) The Centre has no proposal to recognise Bitcoin as a currency in the country, the Parliament was informed on Monday.
2021-11-29
Category: India, Delhi,Business/Economy,Politics
Nandal Finance to acquire Centre's 100% stake in Central Electronics
New Delhi, Nov 29 (IANS) The Centre has decided the sale of Central Electronics (CEL) to Nandal Finance and Leasing for Rs 210 crore.
2021-11-29
Category: India, Delhi,Business/Economy,Politics
Tariff hike by telcos to improve sector's revenue, cash flow
New Delhi, Nov 29 (IANS) An upward revision in prepaid tariffs by domestic telecom majors is expected to provide much-needed breather to the overall sector in the run up to the rollout of 5G services in the country.
2021-11-29
Category: India, Delhi,Business/Economy
Paytm listing debacle sparks concern from investors for other IPOs
New Delhi, Nov 29 (IANS) The Paytm listing debacle has sparked concern from investors and entrepreneurs, fearful that it could derail a string of expected Indian flotations that were supposed to cement the country's status as a leading destination for tech start-ups after the US and China, Financial Times reported.
2021-11-29
Category: India, Delhi,Business/Economy,Technology
LIC gets RBI approval to raise stake in Kotak Mahindra Bank
New Delhi, Nov 29 (IANS) Life Insurance Corporation (LIC) has received approval from the Reserve Bank of India (RBI) to increase its stake in the Kotak Mahindra Bank.
2021-11-29
Category: India, Delhi,Business/Economy
Bankrupt Sintex Industries' stocks double after RIL bid
New Delhi, Nov 29 (IANS) The stocks of Sintex Industries have been rising ever since Reliance Industries emerged as one of the bidders who showed interest to acquire the bankrupt firm.
2021-11-29
Category: India, Delhi,Business/Economy
Nissan to invest $17.6 bn in EV development over next 5 years
Tokyo, Nov 29 (IANS) As the adoption of electric vechicles enters top gear globally amid rising petrol-diesel prices, Japanese auto-maker Nissan on Monday said it will invest $17.6 billion (2 trillion Yen) in developing new EVs and battery technology over the next five years.
2021-11-29
Category: International, Japan,Business/Economy,Technology
Over dozen unicorns to participate in Vibrant Gujarat Startup Summit 2022
Gandhinagar, Nov 29 (IANS) Over a dozen global unicorns and more than 1,000 Gujarat-based startups will participate in the Unicorn Conclave, as part of the VGGS 2022 to bring the startup ecosystem of India on one platform.
2021-11-29
Category: India, Maharashtra,Business/Economy
Gurugram: 46 commercial outlets sealed for operating without licence
Gurugram, Nov 29 (IANS) A total of 46 commercial establishments at different places in Gurugram were sealed by the Municipal Corporation (MCG) on Monday after they were found to be running without valid trade licence, an MCG official said.
2021-11-29
Category: India, Haryana,Business/Economy,Immigration/Law/Rights,Politics
Ather Energy to set up 2nd manufacturing facility, targets 400K units
Bengaluru, Nov 29 (IANS) EV manufacturer Ather Energy on Monday announced it has commissioned second manufacturing facility in Hosur, Tamil Nadu, to cater to the growing demand of its electric scooters in the country.
2021-11-29
Category: India, Karnataka,Business/Economy,Technology
Recovery roadmap released for New Zealand tourism
Wellington, Nov 29 (IANS) New projections for the recovery of New Zealand tourism suggest that it could be 2024 before the industry gets close to its "new normal".
2021-11-29
Category: International, United Kingdom,Business/Economy,Politics
Pakistani KP province's economic potential to be tapped through SEZs
Islamabad, Nov 29 (IANS) Authorities in Pakistan's northwest Khyber Pakhtunkhwa (KP) province are determined to tap the economic potential of the province through the development of special economic zones (SEZs), chief executive officer (CEO) of the KP Economic Zones Development and Management Company (KPEZDMC) said.
2021-11-29
Category: International, Pakistan,Business/Economy,Politics
Diesel, petrol prices unchanged since early November
New Delhi, Nov 29 (IANS) Oil marketing companies have continued to keep prices of diesel and petrol unchanged across major Indian cities post revision of duties by the Centre and state governments on the Diwali eve in early November.
2021-11-29
Category: India, Delhi,Business/Economy
Travel bans due to Omicron "hammer blow" to South Africa's local economy recovery: Official
Cape Town, Nov 29 (IANS) Travel bans on South Africa due to the new Omicron variant of the coronavirus will be "devastating" for the provincial economy as the local government is seeking for a recovery on its key tourism sector from Covid-19 impact, Western Cape provincial official said in a press release.
2021-11-29
Category: International, South Africa,Business/Economy,Politics
Equity indices fall marginally in early trade
Mumbai, Nov 29 (IANS) The 30-scrip Sensitive Index (Sensex) declined marginally on early trade session on Monday.
2021-11-29
Category: India, Maharashtra,Business/Economy
Indian Textile Inc rolls out the red carpet for UAE, rest of the world
Dubai, Nov 28 (IANS) Indian textile leaders have rolled out the red carpet to investors from the UAE and other parts of the world, urging them to become part of the country's textile success story.
2021-11-28
Category: International, United Arab Emirates,Business/Economy
Now, Reliance Jio raises prepaid tariffs by around 20% (Ld)
New Delhi, Nov 28 (IANS) After Bharti Airtel and Vodafone Idea, telecom major Reliance Jio said it would raise tariffs for its prepaid users by around 20 per cent.
2021-11-28
Category: India, Delhi,Business/Economy
Now, Reliance Jio raises prepaid tariffs by around 20%
New Delhi, Nov 28 (IANS) After Bharti Airtel and Vodafone Idea, telecom major Reliance Jio said it would raise tariffs for its prepaid users by around 20 per cent.
2021-11-28
Category: India, Delhi,Business/Economy
'New Covid variant unlikely to impact FMCG, pharma, telecom stocks'
New Delhi, Nov 28 (IANS) The emergence of a stronger variant of Covid-19 - Omicron - may not have a strong impact on performances of companies operating in fast-moving consumer goods (FMCG), pharmaceutical, and telecom sectors, say analysts.
2021-11-28
Category: India, Delhi,Business/Economy
Centre's proposed cryptocurrency 'regulation' may shift investors to equity
New Delhi, Nov 28 (IANS) The Centre's proposed Bill on cryptocurrency regulation is expected to shift a sizable number of investors to equity markets, analysts said.
2021-11-28
Category: India, Delhi,Business/Economy
RBI's recent norms may spike NPAs for NBFCs, says ICRA
New Delhi, Nov 28 (IANS) The Reserve Bank of India's recent notification on income recognition, asset classification, and provisioning norms for banks, non-banking financial institutions, and all-India financial institutions may lead to a sharp spike in the non-performing assets (NPAs) for non-banking finance companies, ICRA said.
2021-11-28
Category: India, Delhi,Business/Economy
Future Retail says Amazon tried to browbeat CCI
New Delhi, Nov 28 (IANS) Future Retail Limited (FRL) said on Sunday that it firmly believes that the Competition Commission of India (CCI) will not be intimidated by this arrogance of Amazon and will take action on its show cause notice (SCN) against Amazon in accordance with law and regulations.
2021-11-28
Category: India, Delhi,Business/Economy
Tomato prices may stay high for another 2 months: Crisil
New Delhi, Nov 28 (IANS) Prices of staple vegetable tomato are likely to stay elevated for two more months, CRISIL said.
2021-11-28
Category: India, Delhi,Business/Economy
ED summons Amazon India head, Future Group promoters for FEMA violations
New Delhi, Nov 28 (IANS) The Enforcement Directorate (ED) has issued summons to Amazon India's management and Future Group promoter for questioning in a Foreign Exchange Management Act case.
2021-11-28
Category: India, Delhi,Business/Economy,Crime/Disaster/Accident
Diesel, petrol prices unchanged since Diwali
New Delhi, Nov 28 (IANS) Oil marketing companies have continued to keep prices of diesel and petrol unchanged across major Indian cities post revision of duties by the Centre and state governments on the Diwali eve.
2021-11-28
Category: India, Delhi,Business/Economy
Himachal to promote cinnamon cultivation in 5 districts
Shimla, Nov 28 (IANS) Himachal Pradesh's pilot project for the cultivation of aromatic medicinal cinnamon has been a success in Una district and the government is now aiming to go for its commercial cultivation in lower elevations in five districts, state Agriculture Minister Virender Kanwar said here on Sunday.
2021-11-28
Category: India, Himachal Pradesh,Business/Economy
IANS Sunday Special: Andhra shocker for the cinema business (Column: B-Town)
The cinema business is not yet fully out of the bad phase forced by the Covid-19 lockdowns for over a year. In a number of states, cinemas are permitted to function only under regulations and conditions imposed by the state governments. And the toughest regulation for cinema theatre managements in many states is to sell only 50 per cent of the capacity.
2021-11-28
Category: International, Spain,Cinema/Showbiz,Business/Economy
MCL to set up 50MW solar power plant in Odisha
Bhubaneswar, Nov 27 (IANS) Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India will set up a 50 megawatt (MW) solar power plant in Odisha's Sambalpur at a total cost of Rs 301.92 crore, moving steadily towards its goal to achieve carbon neutrality by 2024.
2021-11-27
Category: India, Orissa,Business/Economy
Over 390 RCS-Udan air routes operational now
New Delhi, Nov 27 (IANS) India has till date operationalised 395 air routes under the Regional Connectivity Scheme 'Ude Desh Ka Aam Nagrik' or RCS-Udan.
2021-11-27
Category: India, Delhi,Business/Economy
I-T searches carried out on Ludhiana-based real estate developers
New Delhi, Nov 27 (IANS) The Income Tax Department has carried out search and seizure operations on two major real estate developers of Ludhiana in Punjab.
2021-11-27
Category: India, Delhi,Business/Economy
Specialised groups to address exporters' banking challenges: Minister
New Delhi, Nov 27 (IANS) Centre's specialised groups will address banking challenges faced by exporters, said Union Minister of State for Finance, Dr Bhagwat Kishanrao Karad.
2021-11-27
Category: India, Delhi,Business/Economy
US dollar falls amid rising risk aversion
New York, Nov 27 (IANS) The US dollar recorded a deep decrease in late trading on Friday as demand for a safe haven shot up.
2021-11-27
Category: International, United States,Business/Economy
GST Council should rationalise rates: PHD Chamber
New Delhi, Nov 27 (IANS) Industry body PHD Chamber of Commerce and Industry has urged the GST Council for rationalising rates in its forthcoming meeting.
2021-11-27
Category: India, Delhi,Business/Economy
Strong demand to improve textile sector's YoY sales volumes in FY22
New Delhi, Nov 27 (IANS) Strong domestic as well as export demand will improve year-on-year (YoY) sales volumes of overall textile sector in FY22, said India Ratings and Research (Ind-Ra).
2021-11-27
Category: India, Delhi,Business/Economy
Flying High: Vietnam, Turkey, Russia on SpiceJet's radar for expansion (IANS Spl)
New Delhi, Nov 27 (IANS) Reinstatement of the Boeing 737 MAX aircraft as well as booming passenger traffic has re-energised SpiceJet's plan to start direct services to new destinations in Vietnam, Turkey and even Russia amongst others.
2021-11-27
Category: India, Delhi,Business/Economy
Paytm posts Q2 results, revenue from ops up by 64% to Rs 10.9 bn
New Delhi, Nov 27 (IANS) India's leading digital ecosystem for consumers and merchants, Paytm announced its second quarter earnings report. The digital payments and financial services platform saw its revenue from operations grow by 64 per cent Y-o-Y to Rs 10.9 billion in Q2 FY 2022, driven by 52 per cent growth in non-UPI payment volumes (GMV) and more than 3 times growth in financial services and other revenue.
2021-11-27
Category: India, Delhi,Business/Economy
'Gold Bond' VIII to be issued at Rs 4,791 per gram
New Delhi, Nov 26 (IANS) The issue price for Sovereign Gold Bonds' next series has been fixed at Rs 4,791 per gram of gold.
2021-11-26
Category: India, Delhi,Business/Economy
India's foreign exchange reserves rise by $289 mn
Mumbai, Nov 26 (IANS) India's foreign exchange reserves rose by $289 million during the week ended November 19.
2021-11-26
Category: India, Maharashtra,Business/Economy
RBI accepts 21 recommendations on ownership of private banks
New Delhi, Nov 26 (IANS) The Reserve Bank of India has accepted 21 out of the 33 recommendations submitted by an internal working group on the ownership and corporate structure of India's private sector banks.
2021-11-26
Category: India, Delhi,Business/Economy
India to allow international flights operations from Dec 15
New Delhi, Nov 26 (IANS) India will allow resumption of scheduled commercial international passenger services from December 15, it was announced on Friday.
2021-11-26
Category: India, Delhi,Business/Economy
Covid-triggered FIIs' selling behind mammoth crash in Indian equities
Mumbai, Nov 26 (IANS) A massive foreign fund outflow triggered by the panic among the investors over the new Covid-19 variant found in southern Africa plunged the key equity indices -- S&P BSE Sensex and NSE Nifty50 -- deep into the red on Friday.
2021-11-26
Category: India, Maharashtra,Business/Economy
Ashok Leyland's MD & CEO decides to step down on Dec 31
Chennai, Nov 26 (IANS) Commercial vehicle maker Ashok Leyland Ltd said on Friday that its Managing Director and Chief Executive Officer (CEO), Vipin Sondhi, has decided to quit owing to personal reasons.
2021-11-26
Category: India, Tamil Nadu,Business/Economy
Black Friday: Equities, Crude oil crash on fears over new Covid variant
New Delhi, Nov 26 (IANS) After triggering a global crash in equities, the panic surrounding the new variant of Covid-19 discovered in southern Africa, devastated crude oil prices which crashed around 5.5 per cent on Friday.
2021-11-26
Category: India, Delhi,Business/Economy
Stalin hopes TN will turn into a global IT centre
Chennai, Nov 26 (IANS) Tamil Nadu Chief Minister M.K.Stalin on Friday expressed hope of turning the state into a global centre for information technology (IT) owing to his government's policies.
2021-11-26
Category: India, Tamil Nadu,Business/Economy,Technology
India to allow international flights operations from Dec 15
New Delhi, Nov 26 (IANS) India will allow resumption of scheduled commercial international passenger services from December 15, it was announced on Friday.
2021-11-26
Category: India, Delhi,Business/Economy