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Headline
Bank credit to manufacturing muted amid pandemic
New Delhi, Jan 17 (IANS) Bank credit to manufacturing sector has remained muted in the current financial year amid the pandemic, while few sectors, including construction and trade, have witnessed resilient flows.
2021-01-17
Category: India, Delhi,Business/Economy
Haryana Police arrest 89, recover Rs 112 cr in GST fraud
Chandigarh, Jan 17 (IANS) In a well-coordinated operation against Goods and Services Tax (GST) scamsters, Haryana Police on Sunday said it busted four major gangs related to issuing or registration of bogus firms involved in fake invoice bills scam which defrauded the government exchequer to the tune of over Rs 464.12 crore.
2021-01-17
Category: India, Punjab,Business/Economy,Crime/Disaster/Accident
'Senior citizens feel economic issues major concern for India'
New Delhi, Jan 17 (IANS) Majority of the senior citizens of the country believe that current state of the economy is among the biggest issues that India needs to address immediately.
2021-01-17
Category: India, Delhi,Business/Economy
Budgetary hopes, Q3 earnings to chart equities' course (Market Outlook)
Mumbai, Jan 17 (IANS) Global cues along with domestic quarterly earning results and progress of the vaccine rollout programme will determine the trajectory of the Indian equities markets during the coming week.
2021-01-17
Category: India, Maharashtra,Business/Economy
IRFC IPO to open on Monday in Rs 25-26 per share price band
New Delhi, Jan 17 (IANS) The initial public offering (IPO) of the Indian Railway Finance Corporation (IRFC) will open on January 18 in the price band of Rs 25-26 per share.
2021-01-17
Category: India, Delhi,Business/Economy
Will agitate against complex, arbitrary GST system: CAIT
New Delhi, Jan 17 (IANS) The Confederation of All India Traders (CAIT) has announced that it will launch a nationwide movement against the present Goods and Services Tax (GST) system which it claims has become "extremely complicated" because of several "arbitrary" amendments.
2021-01-17
Category: India, Delhi,Business/Economy
Franklin Templeton's shut funds receive Rs 13,789 cr so far
New Delhi, Jan 17 (IANS) The six shut schemes of Franklin Templeton Mutual Fund have received cash flows of Rs 13,789 crore since winding up in April, 2020 till January 15, 2021.
2021-01-17
Category: India, Delhi,Business/Economy
Samsung hopes S21 series to boost smartphone sales in 2021
New Delhi, Jan 17 (IANS) Samsung Electronics on Sunday said that the company is confident that the Galaxy S21 series and its ecosystem devices such as Galaxy Buds Pro and Galaxy SmartTag will continue to drive category growth this year.
2021-01-17
Category: India, Delhi,Business/Economy,Technology
Petrol, diesel prices remain static 3 days in a row
New Delhi, Jan 17 (IANS) Petrol and diesel prices remained unchanged on Sunday after oil marketing companies decided to wait and watch the global oil price movement before taking the next course of action.
2021-01-17
Category: India, Delhi,Business/Economy
ONGC's plan to merge MRPL with HPCL may have to wait till FY24
New Delhi, Jan 17 (IANS) State-run oil and gas explorer ONGC's plan to complete the merger of its refining subsidiary MRPL with recently acquired HPCL to align its upstream and downstream operations into two verticals has got delayed.
2021-01-17
Category: India, Delhi,Business/Economy
Rising trade deficit to dampen rupee's prospects (Currency Watch)
New Delhi, Jan 17 (IANS) Rising trade deficit along with chances of a populist budget might dampen rupee's prospects during the coming week.
2021-01-17
Category: India, Delhi,Business/Economy
IndiGo to start Delhi-Leh flight services from Feb 22
New Delhi, Jan 16 (IANS) Budget airline IndiGo has added Leh to its network and will start its daily Delhi-Leh flights with effect from February 22.
2021-01-16
Category: India, Delhi,Business/Economy
HDFC Bank's Q3 standalone net profit rises 18%
Mumbai, Jan 16 (IANS) Lending major HDFC Bank on Saturday reported an 18.1 per cent increase in standalone net profit for the quarter ended December 31 of FY21 on a year-on-year basis.
2021-01-16
Category: India, Maharashtra,Business/Economy
NCLT admits plea against Omaxe, 'no bearing on other connected cases' (Ld)
New Delhi, Jan 16 (IANS) The Chandigarh bench of the National Company Law Tribunal (NCLT) has admitted a petition filed against Omaxe Ltd over alleged acts of oppression and mismanagement by the company and its management.
2021-01-16
Category: India, Delhi,Business/Economy
RBI remains 'steadfast' to take necessary steps to support economy: Guv
New Delhi, Jan 16 (IANS) Reserve Bank Governor Shaktikanta Das on Saturday said that the central bank remains committed to take any further necessary measures to support the economy.
2021-01-16
Category: India, Delhi,Business/Economy
Two more special trains from Narasapuram, Anakapalli to Secunderabad
Vijayawada, Jan 16 (IANS) The Vijayawada division of the South Central Railway (SCR) will operate two more special one way trains on Sunday from Narasapuram and Anakapalli to Secunderabad to clear the Sankranti rush.
2021-01-16
Category: India, Andhra Pradesh,Business/Economy
Stockbrokers seek rationalisation of tax structure for capital market
New Delhi, Jan 16 (IANS) As the Union Budget for FY21-22 nears, stockbrokers have sought rationalisation and streamlining of the structure for the capital market.
2021-01-16
Category: India, Delhi,Business/Economy
Petrol, diesel prices unchanged across metros
New Delhi, Jan 16 (IANS) Petrol and diesel prices remained unchanged for the second consecutive day on Saturday.
2021-01-16
Category: India, Delhi,Business/Economy
NCLT admits petition alleging mismanagement, fraud by Omaxe
New Delhi, Jan 16 (IANS) The Chandigarh-bench of National Company Law Tribunal (NCLT) has admitted a petition filed against Omaxe Ltd over alleged acts of oppression and mismanagement claiming by the company and its management.
2021-01-16
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
Railways allows e-catering facility at selected stations
New Delhi, Jan 15 (IANS) The Indian Railways on Friday allowed e-catering services to resume at selected railway stations.
2021-01-15
Category: India, Delhi,Business/Economy
Odisha gets over Rs 1.25 lakh cr investment despite Covid
Bhubaneswar, Jan 15 (IANS) Chief Minister Naveen Patnaik on Friday said Odisha has received an investment of over Rs 1.25 crore since February 2020 despite Covid-19 pandemic.
2021-01-15
Category: India, Orissa,Business/Economy,Politics
'Ageing of India's workforce not favourable for strong recovery'
New Delhi, Jan 15 (IANS) Higher job lossses among those below the age of 40 years has resulted in an ageing workforce, which is not favourable for a strong recovery of the Indian economy, according to the Centre for Monitoring Indian Economy (CMIE).
2021-01-15
Category: India, Delhi,Business/Economy
Bharti-led OneWeb gets investment from SoftBank, Hughes Network
New Delhi, Jan 15 (IANS) OneWeb, the Low Earth Orbit (LEO) satellite communications company jointly owned by the UK government and Bharti Global, secured additional funding from SoftBank Group Corp and Hughes Network Systems LLC, bringing its total funding to $1.4 billion.
2021-01-15
Category: India, Delhi,Business/Economy,Technology
10 RFQ applications come for CSMT Railway Station redevelopment
New Delhi/Mumbai, Jan 15 (IANS) Indian Railway Stations Development Corporation Ltd. (IRSDC) has received 10 Requests for Qualification (RFQ) for redevelopment of Mumbai's Chhatrapati Shivaji Maharaj Terminus Railway Station (CSMT), an official statement said on Friday.
2021-01-15
Category: India, Delhi,Business/Economy
Piramal Group wins bid for DHFL with 94% votes
New Delhi, Jan 15 (IANS) Piramal Group has won the bid to take over Dewan Housing Finance Corporation Ltd (DHFL), sources said.
2021-01-15
Category: India, Delhi,Business/Economy
Amid profit booking, valuation concerns, market end deep in red (2nd Ld)
New Delhi, Jan 15 (IANS) The Indian stock market, which has off late been on a bull run, plunged on Friday as traders took to profit booking amid concerns of high valuations.
2021-01-15
Category: India, Delhi,Business/Economy
With One Nation One Ration Card reform, TN can borrow more
New Delhi, Jan 15 (IANS) Tamil Nadu has become the 11th state in the country to successfully undertake "One Nation One Ration Card system" reform stipulated by the Finance Ministry, and has become eligible to mobilise additional financial resources of Rs 4,813 crore through Open Market Borrowings.
2021-01-15
Category: India, Delhi,Business/Economy,Politics
Centre may intimate qualified bidders for Air India by Jan 30
New Delhi, Jan 15 (IANS) The Centre is likely to intimate the qualified bidders for national carrier Air India by the end of the month, as the evaluation of the expressions of interest (EoI) is still underway, official sources said.
2021-01-15
Category: India, Delhi,Business/Economy
Lack of managers keeps India's businesses small: Study
New York, Jan 15 (IANS) Most firms in India and other developing countries are family owned and often shun outside managers and that is why even successful businesses fail to grow in such countries, a new study suggests.
2021-01-15
Category: International, United States,Business/Economy
Recall proposed changes to law on tobacco products: Retailers
Chandigarh, Jan 15 (IANS) Retailers from Punjab and Haryana selling tobacco and related products on Friday staged a protest in Panchkula near Chandigarh, demanding the recall of the proposed amendments to the law on cigarettes and other tobacco products as they threaten to further hit the livelihoods of 'petty traders'.
2021-01-15
Category: India, Punjab,National,Business/Economy
Railways kept Khadi going with Rs 49-cr order during lockdown
New Delhi, Jan 15 (IANS) Even as the coronavirus pandemic halted most of the mail, express and passenger trains from operating across the country, the Indian Railways kept on providing fuel to the Khadi artisans by placing a purchase order worth Rs 49 crore with the Khadi and Village Industries Commission (KVIC), officials said on Friday.
2021-01-15
Category: India, Delhi,National,Business/Economy
Mumbai businessman nabbed for Rs 31 cr GST fraud
Mumbai, Jan 15 (IANS) In another crackdown, Maharashtra Goods and Services Tax (GST) sleuths arrested a businessmen in connection with an alleged Rs 31 crore GST fraud, a statement said on Friday.
2021-01-15
Category: India, Maharashtra,Business/Economy,Crime/Disaster/Accident
Air India commences non-stop Hyderabad-Chicago flights
Hyderabad, Jan 15 (IANS) Air India's first non-stop flight on the Hyderabad-Chicago route arrived from the US city at the Rajiv Gandhi International Airport here on Friday. A few hours later, the first flight from the city to Chicago departed.
2021-01-15
Category: India, Andhra Pradesh,Business/Economy
Sensex plunges 700 points, gives up 49,000 mark (Ld)
Mumbai, Jan 15 (IANS) The Indian equity indices witnessed a slump on Friday afternoon with the BSE Sensex losing over 700 points.
2021-01-15
Category: India, Maharashtra,Business/Economy
Rising Chinese demand brings good fortune for Indian steel sector
New Delhi, Jan 15 (IANS) Strong demand and prices for steel in China should provide a cushion to regional and Indian steel prices already at lifetime high levels, Motilal Oswal Institutional Equities said in a report on Friday.
2021-01-15
Category: India, Delhi,Business/Economy
RAI seeks announcement of National Retail Policy in Budget
New Delhi, Jan 15 (IANS) The Retailers Association of India (RAI) has recommended the government to announce the National Retail policy and allow retailers to register as MSME in the upcoming Union Budget.
2021-01-15
Category: India, Delhi,Business/Economy
ThoughtWorks raise $720 mn, valued at $4.6 bn
Bengaluru, Jan 15 (IANS) Global software consultancy provider ThoughtWorks on Friday announced it has raised $720 million at at enterprise value of $4.6 billion.
2021-01-15
Category: India, Karnataka,Business/Economy,Technology
New year bodes well for trade, exports up 16.2% in 1st week
New Delhi, Jan 15 (IANS) The new year had brought better prospects for country's trade with exports rising 16.2 per cent year-on-year between January 1-7 driven by good performance from engineering goods and petroleum products.
2021-01-15
Category: India, Delhi,Business/Economy
Maruti Suzuki launches online financing platform
New Delhi, Jan 15 (IANS) Maruti Suzuki India on Friday announced the launch of its online financing platform -- Smart Finance, for Maruti Suzuki ARENA customers across more than 30 cities.
2021-01-15
Category: India, Delhi,Business/Economy
Petrol, diesel price rise pause after consecutive days of increase
New Delhi, Jan 15 (IANS) Petrol and diesel prices remain unchanged on Friday after oil marketing companies decided to go on a pause mode opting to wait and watch the global oil market before taking the next course of action.
2021-01-15
Category: India, Delhi,Business/Economy
Kiran Mazumdar-Shaw new vice-chair of US-India biz body
Washington/Bengaluru, Jan 14 (IANS) Biocon Chairperson Kiran Mazumdar-Shaw is the new vice-chair of the US-India Business Council (USIBC) board for 2021, the apex trade body said on Thursday.
2021-01-14
Category: International, United States,Business/Economy,Diplomacy
With 1.3 cr tonnes production, Telangana on way to become rice bowl
Hyderabad, Jan 14 (IANS) Telangana is on way to emerge as the rice bowl of India with the rice production reaching 1.3 crore tonnes during 2019-20.
2021-01-14
Category: India, Andhra Pradesh,Business/Economy
BDL, Thales ink pact to manufacture air defence system in India
Hyderabad, Jan 14 (IANS) Bharat Dynamics Ltd (BDL) and Thales have signed a Teaming Agreement to work in partnership on the STARStreak Air Defence System with the support of both the Indian and the UK governments.
2021-01-14
Category: India, Andhra Pradesh,Business/Economy,Defence/Security
Digital payments well entrenched across Indian households: Survey
New Delhi, Jan 14 (IANS) Digital payment methods are well accepted by Indian households and are not just the preserve of the rich or well-educated, finds a study conducted by People Research on India's Consumer Economy (PRICE) in partnership with the National Payments Corporation of India (NPCI).
2021-01-14
Category: India, Delhi,Business/Economy,Technology
Samsung S21 starts from Rs 69,999 in India, pre-book from Jan 15
Gurugram, Jan 14 (IANS) In a first, Samsung on Thursday opened pre-booking for its Galaxy S21 Series in the country from January 15 along with the global launch.
2021-01-14
Category: India, Haryana,Business/Economy,Technology
Passenger vehicle sales rise 13.6% in December
New Delhi, Jan 14 (IANS) Sale of passenger vehicles increased by 13.59 per cent in December 2020, according to data from the Society of Indian Automobile Manufacturers (SIAM) released on Thursday.
2021-01-14
Category: India, Delhi,Business/Economy
BYPL to hold special 'hybrid' Lok Adalat to settle power theft cases
New Delhi, Jan 14 (IANS) Delhi power distribution company BSES Yamuna Power Limited (BYPL) has partnered with the Delhi State Legal Services Authority (DSLSA) to organise the first special 'hybrid Lok Adalat in East and Central Delhi for on-the-spot settlement of power theft cases.
2021-01-14
Category: India, Delhi,Business/Economy
NAREDCO suggests tax rationalisation for realty in Budget
New Delhi, Jan 14 (IANS) The National Real Estate Development Council (NAREDCO) has recommended the government take up tax rationalisation measures in the upcoming Union Budget to boost the pandemic-hit real estate sector of the country.
2021-01-14
Category: India, Delhi,Business/Economy
SAIL's OFS oversubscribed, retail investors to bid Friday
New Delhi, Jan 14 (IANS) The offer for sale (OFS) of Steel Authority of India (SAIL) has been oversubscribed by over four times on the first day of the issue.
2021-01-14
Category: India, Delhi,Business/Economy
PFC to raise up to Rs 10,000 cr via public issue of NCDs
New Delhi, Jan 14 (IANS) Power Finance Corporation Ltd (PFC) plans to raise up to Rs 10,000 crore through public issue of non-convertible debentures (NCDs).
2021-01-14
Category: India, Delhi,Business/Economy