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Headline
Reliance one of the biggest donors in India Inc Covid relief response
New Delhi, May 9 (IANS) Mukesh Ambani's Reliance Industries Ltd (RIL) and Reliance Foundation are among the largest donors as India Inc steps up relief efforts in the second wave of Covid hitting India.
2021-05-09
Category: India, Delhi,Business/Economy
FPIs pull out Rs 5,936 cr from Indian equities in 1st week of May
Mumbai, May 9 (IANS) Foreign portfolio investors (FPI) continued to pull out investments from the Indian equities during the first week of May.
2021-05-09
Category: India, Maharashtra,Business/Economy
GST exemption may lead to price hike of vaccines: FM
New Delhi, May 9 (IANS) Amid calls for full exemption of goods and services tax (GST) on vaccines, Finance Minister Nirmala Sitharaman on Sunday said that a complete waiver may lead to a rise in their prices, impacting the common man.
2021-05-09
Category: India, Delhi,Business/Economy,Health/Medicine,Politics
Hero MotoCorp extends closure of plants till May 16
New Delhi, May 9 (IANS) Hero MotoCorp has extended the shutdown at its manufacturing facilities across India, its Global Parts Centre (GPC) in Neemrana and its R&D facility, the Centre of Innovation and Technology (CIT) in Jaipur by another week, till May 16.
2021-05-09
Category: India, Delhi,Business/Economy
Amara Raja Batteries resumes Andhra operations post HC order
New Delhi, May 9 (IANS) Amara Raja Batteries Ltd has resumed operations at its plants at Nunegundlapalli and Karkambadi at Chittoor district with effect from May 8, after the Andhra Pradesh High Court granted an interim suspension of the orders passed by the Andhra Pradesh Pollution Control Board (APPCB).
2021-05-09
Category: India, Delhi,Business/Economy,Environment/Wildlife,Immigration/Law/Rights
Myanmar junta approves 15 investments, including huge Chinese project
Kolkata, May 9 (IANS) China has started reaping rewards for backing the February 1 military takeover in Myammar.
2021-05-09
Category: International, India,Business/Economy,Diplomacy,Indo-Pak/Pakistan
SnapBizz, REVIVE Alliance, Nielsen tie up to digitally empower small traders
New Delhi, May 9 (IANS) Retail digitisation company SnapBizz, Samhita-CGF's REVIVE Alliance, and Nielsen have come together to enable the digitisation of small kirana shops and other retailers to improve business outcomes and profitability.
2021-05-09
Category: India, Delhi,Business/Economy,Technology
Reliance Retail is second fastest growing retailer in the world
New Delhi, May 9 (IANS) Reliance Retail ranks 53rd in the list of Global Powers of Retailing by Deloitte, improves from 56th earlier.
2021-05-09
Category: India, Delhi,Business/Economy
Maruti Suzuki boosts manufacturing of O2 PSA generator plants
New Delhi, May 9 (IANS) Maruti Suzuki India Ltd (MSIL) has said that realising the critical importance of rapidly installing Oxygen PSA plants, both to produce life-saving oxygen as well as reduce the immense logistical problems, it it boosting the manufacturing of such plants.
2021-05-09
Category: India, Delhi,Business/Economy,Health/Medicine
IDFC First Bank's Q4 net profit up 79%
Mumbai, May 9 (IANS) IDFC First Bank on Sunday reported a 78.6 per cent increase in its net profit for the quarter ended March at Rs 127.81 crore.
2021-05-09
Category: India, Maharashtra,Business/Economy
Petrol, diesel prices remain unchanged for 2nd straight day
New Delhi, May 9 (IANS) Petrol and diesel prices in the country remained unchanged on Sunday as oil marketing companies (OMCs) decided to pause the daily revision process and closely study global oil price movement before effecting any change in the domestic market.
2021-05-09
Category: India, Delhi,Business/Economy
Govt advances grant of Rs 8923.8 cr to Panchayats for Covid relief
New Delhi, May 9 (IANS) The Finance ministry has released an amount of Rs 8,923.8 crore to 25 States as grants to the Rural Local Bodies (RLBs).
2021-05-09
Category: India, Delhi,Business/Economy
Experimental drone flights allowed for vaccine delivery
New Delhi, May 8 (IANS) The government is providing conditional exemption for experimental drone flights for vaccine delivery as part of constant endeavour to enhance the scope of drone usage in the country and assist the nation to fight Covid-19 pandemic.
2021-05-08
Category: India, Delhi,Business/Economy,Health/Medicine
Conditional exemption for experimental drone delivery of vaccines
New Delhi, May 8 (IANS) The Centre is providing conditional exemption for experimental drone flights for vaccine delivery as part of its endeavour to enhance the scope of drone usage in the country and assist the fight against Covid-19 pandemic, said an official statement.
2021-05-08
Category: India, Delhi,Business/Economy
CBIC allows undertakings in lieu of bond to facilitate critical imports
New Delhi, May 8 (IANS) In yet another measure to facilitate traders and importers, the Central Board of Indirect Taxes and Customs (CBIC) has restored the facility for trade to provide an undertaking in lieu of bond for customs clearance of their goods.
2021-05-08
Category: India, Delhi,Business/Economy
Bandhan Bank's net profit falls 80% on higher provisioning
Mumbai, May 8 (IANS) Bandhan Bank on Saturday reported an 80 per cent decline in its net profit for the quarter ended March at Rs 103.03 crore.
2021-05-08
Category: India, Maharashtra,Business/Economy
S Korea to expand investment, tax incentives for chip sector
Seoul, May 8 (IANS) South Korea has said it plans to expand investment and tax incentives for the semiconductor segment in line with efforts to foster the non-memory chip industry and cope with the global supply shortages of automotive chips.
2021-05-08
Category: International, South Korea,Business/Economy,Technology
Chromebooks, tablets lead global PC revival in Q1 2021
New Delhi, May 8 (IANS) Chromebooks with 12 million units and tablets with 39.7 million units led the PC revival in Q1 2021, posting 274.6 per cent and 51.8 per cent growth, respectively.
2021-05-08
Category: India, Delhi,Business/Economy,Technology
NE India's 15th airport becomes operational, caters to Bengal, Bhutan
G0uwahati, May 8 (IANS) With the start of commercial operation of flights from the newly developed Rupsi Airport in western Assam on Saturday, the northeastern region of India gets 15th airport leading to better air connectivity with the remaining part of the world.
2021-05-08
Category: India, New Delhi,Business/Economy
$210M daily output loss in India over April-June in severe scenario: S&P Global Ratings
New Delhi, May 8 (IANS) S&P Global Ratings estimates $210 million in lost output daily in India due to second Covid wave over April-June in a severe scenario model.
2021-05-08
Category: India, Delhi,Business/Economy,Health/Medicine
CBIC tells officials to do due diligence before issuing SCNs
New Delhi, May 8 (IANS) The Central Board of Indirect Taxes and Customs (CBIC) has directed all its field formations not to issue show cause notices (SCN) to taxpayers for service tax defaults merely on the basis of any discrepancy between an individual's income tax returns and service tax amount.
2021-05-08
Category: India, Delhi,Business/Economy
Despite shortage, global semiconductor market to hit $522B in 2021
New Delhi, May 8 (IANS) Despite supply constraints amid the pandemic, the global semiconductor market will reach $522 billion in 2021, a 12.5 per cent year-over-year growth, according to the International Data Corporation (IDC).
2021-05-08
Category: India, Delhi,Business/Economy,Technology
RBI extends restrictions on Millath Co-op Bank by 3 months
Mumbai, May 8 (IANS) The Reserve Bank of India (RBI) has extended the restrictions on Karnataka-based Millath Co-operative Bank by three months, till August 8, 2021.
2021-05-08
Category: India, Maharashtra,Business/Economy
Big relief to jewellers on mandatory hallmarking
New Delhi, May 8 (IANS) The Nagpur Bench of Bombay High Court passed an interim order on May 7 which stops Bureau of Indian Standards (BIS) from taking any coercive action on jewellers across India or impose penalty on those who may not comply with BIA (BIS Act, 2016) regulations, Section 29(2) on mandatory hallmarking due to the lack of adequate infrastructure in terms of assaying and hallmarking centres.
2021-05-08
Category: India, Delhi,Business/Economy
Tesla admits Musk's 'full self-driving' claim not feasible yet
San Francisco, May 8 (IANS) Despite tall claims made by Elon Musk over Twitter about the full self-driving technology, electric car-maker Tesla has privately admitted that such claims do not match up with the engineering reality.
2021-05-08
Category: International, Costa Rica,Business/Economy,Technology
User sues Sony over PlayStation's 'digital store' monopoly
San Francisco, May 8 (IANS) A Sony Playstation user has sued the company over its alleged digital monopoly, saying that it allows Sony to charge supra-competitive prices for digital PlayStation games, the media reported.
2021-05-08
Category: International, Costa Rica,Business/Economy,Technology,Immigration/Law/Rights
OMCs go on pause mode as petrol, diesel prices remain unchanged
New Delhi, May 8 (IANS) Petrol and diesel prices in the country remained unchanged on Saturday as oil marketing companies (OMCs) decided to pause the daily revision process and closely study global oil price movement before effecting any change in the domestic market.
2021-05-08
Category: India, Delhi,Business/Economy
India, EIB sign contract for second tranche of funding for Pune Metro Rail
New Delhi, May 7 (IANS) The Indian government and the European Investment Bank (EIB) on Friday signed the finance contract for second tranche of 150 million euros for the Pune Metro Rail project, through a virtual signing ceremony.
2021-05-07
Category: India, Delhi,Business/Economy,Diplomacy
J&K Lt Governor releases compendium of 1,100 JKIDFC projects
Jammu, May 7 (IANS) Jammu and Kashmir Lt Governor Manoj Sinha on Friday released a compendium giving details of 1,100 projects of public importance worth Rs 1555.16 crore completed by the J&K Infrastructure Development Finance Corporation (JKIDFC).
2021-05-07
Category: India, Jammu And Kashmir,Business/Economy,Politics
Telecom industry cautions against rumours of 5G causing Covid
New Delhi, May 7 (IANS) The telecom and the related infrastructure industry have come together to refute rumours that 5G connectivity is causing the second wave of Covid-19. Industry bodies have cautioned the public against falling prey to such misinformation.
2021-05-07
Category: India, Delhi,Business/Economy,Health/Medicine,Technology
Financial markets heading for biggest inflation scare since early 1980s: Greed and Fear
New Delhi, May 7 (IANS) It is interesting that FAANG stocks still look like they have peaked out against the S&P500 despite the fantastic quarterly earnings reported by these companies last week, according to "Greed and Fear".
2021-05-07
Category: India, Delhi,Business/Economy
IndiGo to explore options to raise liquidity
Mumbai, May 7 (IANS) The board of private airline IndiGo on Friday decided to continue exploring all options to increase its liquidity.
2021-05-07
Category: India, Maharashtra,Business/Economy
China's export rebate withdrawal augurs well for Indian steel exporters: ICRA
Mumbai, May 7 (IANS) Withdrawal of export rebates by China augurs well for Indian steel exporters and will also support buoyancy in international steel prices, ratings agency ICRA said on Friday.
2021-05-07
Category: India, Maharashtra,Business/Economy
LIC relaxes claim settlement requirements amid Covid crisis
Mumbai, May 7 (IANS) Life Insurance Corporation of India (LIC) has given several relaxations in various claim settlement requirements to make the processes easier and hassle-free, keeping in view the safety of its customers amid the pandemic.
2021-05-07
Category: India, Maharashtra,Business/Economy
RBI's Regulations Review Authority sets up advisory group
Mumbai, May 7 (IANS) The Regulations Review Authority of the Reserve Bank of India (RBI) has constituted an advisory group to support it.
2021-05-07
Category: India, Maharashtra,Business/Economy
TVS Motor, Sundaram Clayton pledge Rs 40 cr for Covid relief
Chennai, May 7 (IANS) Two-wheeler major TVS Motor, its group companies and Sundaram Clayton Limited have pledged Rs 40 crore to strengten India's fight against the Covid-19 pandemic.
2021-05-07
Category: India, Tamil Nadu,Business/Economy
Sonova acquires German audio brand Sennheiser's consumer biz
New Delhi, May 7 (IANS) Swiss hearing care solutions provider Sonova has acquired the consumer electronics business of German audio brand Sennheiser for an undisclosed sum, the companies announced on Friday.
2021-05-07
Category: India, Delhi,Business/Economy,Technology
Sensex ends above 49,000; metal stocks touch record highs (Ld)
Mumbai, May 7 (IANS) The key Indian equity indices closed in the green on Friday with the BSE Sensex settling above the 49,000 mark.
2021-05-07
Category: India, Maharashtra,Business/Economy
Rs 50K cr on-tap term liquidity facility opened to ease access to emergency health services
Mumbai, May 7 (IANS) In order to boost the provision of immediate liquidity for ramping up COVID-related healthcare infrastructure and services in the country, the Reserve Bank of India on Friday decided to open an on-tap liquidity window of Rs 50,000 crore with tenors of up to three years at the repo rate till March 31, 2022.
2021-05-07
Category: India, Maharashtra,Business/Economy
Twitter working with Indian payments providers for Tip Jar (Ld)
New Delhi, May 7 (IANS) Twitter is testing a new Tip Jar feature globally including in India where iOS and Android users can send money directly to their favourite accounts with substantial followers.
2021-05-07
Category: India, Delhi,Business/Economy,Technology
Demand momentum for jewellery continued in Q1
New Delhi, May 7 (IANS) Consumer demand for gold in India saw robust growth in the first quarter of calendar year 2021.
2021-05-07
Category: India, Delhi,Business/Economy
Covid crisis poses economic risk in Q1 FY22; 'muted impact' likely: FinMin
New Delhi, May 7 (IANS) As states take to lockdowns amid the severe Covid crisis, the Finance Ministry in a report has said that second wave of the Covid-19 poses downside risk to economic activities during April-June, although the impact is expected to be muted compared to that in the first wave.
2021-05-07
Category: India, Delhi,Business/Economy
FIIs turn net buyers of software & services, real estate stocks
Mumbai, May 7 (IANS) As foreign institutional investors (FII) largely pulled out investments in April amid the resurgent Covid crisis, software and services and real estate stocks ducked the subdued trend and attracted foreign funds during the second half of April.
2021-05-07
Category: India, Maharashtra,Business/Economy
'Drop in some food prices will push CPI inflation down to 4.0% in April'
Mumbai, May 7 (IANS) A high base and an unseasonal drop in some food prices will push CPI inflation down to 4.0 per cent in April, Barclays said in a research report on Friday.
2021-05-07
Category: India, Maharashtra,Business/Economy
JSW Steel & JFE Steel propose Grain Oriented Electrical Steel Sheet Manufacturing JV
Mumbai, May 7 (IANS) Private sector steel maker JSW Steel has signed a Memorandum of Understanding to conduct a Feasibility Study with JFE Steel Corporation, a Strategic Alliance Partner, to establish a Grain Oriented Electrical Steel Sheet Manufacturing and Sales Joint-Venture Company in India.
2021-05-07
Category: India, Maharashtra,Business/Economy
RIL to fly in Israeli experts for detection of Covid cases
New Delhi, May 7 (IANS) Reliance Industries (RIL) has sought permission to fly a team of experts from Israel to India to train and install a rapid Covid-19 identification solution, a source who spoke on assurance of anonymity said.
2021-05-07
Category: India, Delhi,Business/Economy,Health/Medicine
'RBI liquidity window can augment healthcare infra'
Mumbai, May 7 (IANS) The Rs 50,000 crore liquidity window offered by the Reserve Bank of India (RBI) to banks under priority-sector lending to augment Covid-19 healthcare infrastructure will help raise treatment capacity, and availability of medicines and medical equipment, in India, Crisil said on Friday.
2021-05-07
Category: India, Maharashtra,Business/Economy
Punjab procures 125L MT wheat
Chandigarh, May 7 (IANS) Amid the pandemic, Punjab has procured more than 125 lakh metric tonne (MT) wheat till date and paid Rs 21,472 crore to the farmers, Chief Minister Amarinder Singh said on Friday.
2021-05-07
Category: India, Punjab,National,Business/Economy,Politics
Petrol, diesel prices maintain rally, rise again by 28-31 paise/ltr
New Delhi, May 7 (IANS) Petrol and diesel prices in the country rose again sharply by 28 paise and 31 paise per litre respectively, on Friday as Oil Marketing Companies (OMCs) continued to cover for their losses on holding back price rise for past 18 days due to state elections.
2021-05-07
Category: India, Delhi,Business/Economy
Sensex gains 400 points, metal stocks surge
Mumbai, May 7 (IANS) The key Indian equity indices traded in the green on Friday morning with the BSE Sensex rising over 400 points.
2021-05-07
Category: India, Maharashtra,Business/Economy