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Headline
India's forex reserves rise by over $800 mn
Mumbai, July 23 (IANS) India's foreign exchange reserves rose by $835 million during the week ended July 16.
2021-07-23
Category: India, Maharashtra,Business/Economy
RBI raises loan limit to Directors on bank boards to Rs 5 cr
Mumbai, July 23 (IANS) The Reserve Bank of India (RBI) has raised the limit of loan that can be given by banks to a Director on the board of a bank to Rs 5 crore from the previous cap of Rs 25 lakh.
2021-07-23
Category: India, Maharashtra,Business/Economy
Railways opens bid to operate 29 private trains
New Delhi, July 23 (IANS) The Indian Railways on Friday said that it has opened bids for operating 29 pairs of trains in public-private partnership (PPP) with around 40 modern rakes entailing an investment of Rs 7,200 crore.
2021-07-23
Category: India, Delhi,Business/Economy
RIL's O2C business logs 75% rise in Q1 revenues on high crude prices
Mumbai, July 23 (IANS) The oil-to-chemical business of Reliance Industries Ltd (RIL) has registered a massive 75.2 per cent increase in its revenues at Rs 1.03 lakh crore for the April-June quarter.
2021-07-23
Category: India, Maharashtra,Business/Economy
CAIT welcomes K'taka HC order dismissing Amazon, Flipkart's plea
New Delhi, July 23 (IANS) The Confederation of All India Traders (CAIT) on Friday welcomed the judgement of the Karnataka High Court dismissing the petition of Amazon and Flipkart for granting a stay on an investigation by the Competition Commission of India (CCI) against the two companies' e-commerce business model in India.
2021-07-23
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
RIL's Q1FY22 net profit jumps 66% to Rs 13,806 cr
Mumbai, July 23 (IANS) Conglomerate Reliance Industries Ltd (RIL) on Friday reported a 66.7 per cent growth in its year-on-year consolidated net profit for the quarter ended June 30.
2021-07-23
Category: India, Maharashtra,Business/Economy
Yes Bank's Q1FY22 standalone net profit at over Rs 206 cr
Mumbai, July 23 (IANS) Yes Bank on Friday reported a standalone net profit of Rs 206. 84 crore for Q1FY22.
2021-07-23
Category: India, Maharashtra,Business/Economy
Jio Platforms logs 45% rise in Q1 net profit at Rs 3,651 cr
Mumbai, July 23 (IANS) Jio Platforms Ltd on Friday reported a 44.9 per cent increase in its net profit for the April-June quarter, at Rs 3,651 crore.
2021-07-23
Category: India, Maharashtra,Business/Economy
RIL's Q1FY22 net profit jumps 66% to Rs 13,806 cr
Mumbai, July 23 (IANS) Conglomerate Reliance Industries Ltd (RIL) on Friday reported a 66.7 per cent growth in its year-on-year consolidated net profit for the quarter ended June 30, at Rs 13,806 crore.
2021-07-23
Category: India, Maharashtra,Business/Economy
Dream Debut: Zomato's market cap near Rs 1 lk cr at the end of day's trade (Roundup)
Mumbai, July 23 (IANS) Stocks of online food delivery platform Zomato made a stellar debut on the stock markets with market valuation crossing the Rs 1 lakh crore mark during the initial hours of trade on the first day.
2021-07-23
Category: India, Maharashtra,Business/Economy
Global cues push up equities, Zomato's Mcap crosses Rs 1 lk cr (Roundup)
Mumbai, July 23 (IANS) India's key equity indices made marginal gains on Thursday following supportive global cues.
2021-07-23
Category: India, Maharashtra,Business/Economy
redBus announces rollout of India's first vaccinated bus service
New Delhi, July 23 (IANS) In a first for the bus transport sector, redBus, India's largest online bus ticketing platform, announced the launch of vaccinated bus services across 600+ major routes in the country.
2021-07-23
Category: India, Delhi,Business/Economy,Health/Medicine
SEBI extends timeline for top 100 companies to hold AGM
Mumbai, July 23 (IANS) The Securities and Exchange Board of India (SEBI) on Friday extended the timeline for the top 100 companies to hold their Annual General Meetings (AGM) due to the ongoing pandemic situation.
2021-07-23
Category: India, Maharashtra,Business/Economy
Markets trade in green; healthy response to Zomato's debut
Mumbai, July 23 (IANS) India's key equity indices made marginal gains during per-noon trade session on Thursday following supportive global cues.
2021-07-23
Category: India, Maharashtra,Business/Economy
Pause on fuel hike enters Day 6
New Delhi, July 23 (IANS) Oil marketing companies (OMC) continued with the pause on fuel price revision for the sixth consecutive day on Friday, the longest brake applied in weeks, as global development on oil production and rising US inventories softened crude and product prices.
2021-07-23
Category: India, Delhi,Business/Economy
Zomato flies on market debut, up 68% from issue price
Mumbai, July 23 (IANS) After a massive response to its IPO, online food delivery platform Zomato recorded a robust debut on the stock market on Friday.
2021-07-23
Category: India, Maharashtra,Business/Economy
SC dismisses telcos plea seeking correction in AGR calculation
New Delhi, July 23 (IANS) In a big setback for telecom companies, the Supreme Court on Friday dismissed their plea seeking correction of alleged errors in Adjusted Gross Revenue (AGR) calculation.
2021-07-23
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
ECB leaves key interest rates unchanged
Frankfurt, July 23 (IANS) The European Central Bank (ECB) said that it has decided to leave key interest rates unchanged and revised its forward guidance according to the new 2 per cent symmetric inflation target.
2021-07-23
Category: International, United States,Business/Economy,Politics
HUL logs nearly 10% rise in Q1 net profit
Mumbai, July 22 (IANS) Hindustan Unilever (HUL) has reported a 9.6 per cent rise in its net profit, at Rs 2,061 crore, for the April-June quarter.
2021-07-22
Category: India, Maharashtra,Business/Economy
Ladakh gets infra development corp to boost economy in the region
New Delhi, July 22 (IANS) To boost socio-economic development in Ladakh, the cabinet headed by Prime Minister Narendra Modi on Thursday approved the establishment of an integrated multi-purpose infrastructure development corporation for the newly created Union Territory.
2021-07-22
Category: India, Delhi,National,Business/Economy,Human Interest/Society
SEBI chief says IPOs like Zomato show maturity of Indian market
Mumbai, July 22 (IANS) Amid several concerns raised over the successful IPO of Zomato which has been running in losses, SEBI Chairman Ajay Tyagi on Thursday said that recent public offerings show the maturity of the Indian market that is accepting the business model of new age tech companies, which may not be valued through the conventional parameters of profitability.
2021-07-22
Category: India, Maharashtra,Business/Economy
Global cues lift equities; Sensex up over 600 pts (Roundup)
Mumbai, July 22 (IANS) Positive global cues along with rising risk appetite aided the equity markets to break the three session long losing streak on Monday.
2021-07-22
Category: India, Maharashtra,Business/Economy
Mercedes-Benz prepares to go all-electric
Stuttgart, July 22 (IANS) Luxury automobile manufacturer Mercedes-Benz is getting ready to go all electric by the end of the decade, where market conditions allow.
2021-07-22
Category: International, Germany,Business/Economy
Air passengers confident in onboard safety: IATA
New Delhi, July 22 (IANS) A majority of air travellers are confident about the safety of air travel and support mask-wearing in the near-term, said a survey report.
2021-07-22
Category: India, Delhi,Business/Economy,Health/Medicine
Audi launches three electric SUVs in India
Mumbai, July 22 (IANS) German luxury car manufacturer Audi on Thursday launched three electric SUVs -- Audi e-tron 50, Audi e-tron 55 and Audi e-tron Sportback 55 -- priced between Rs 99.99 lakh and over Rs 1.17 crore (ex-showroom).
2021-07-22
Category: India, Maharashtra,Business/Economy
TCS to invest Rs 600 crore in Kerala: Minister
Thiruvananthapuram, July 22 (IANS) IT major Tata Consultancy Services (TCS) is all set to invest Rs 600 crore at the Kinfra Electronic and Manufacturing Cluster at Kalamassery near Kerala's Kochi, the Assembly was informed on Thursday.
2021-07-22
Category: India, Kerala,Business/Economy,Politics,Technology
Rs 10 lakh to kin of govt general insurance employees dying of Covid
Chennai, July 22 (IANS) The four government owned non-life insurers will pay ex-gratia of Rs 10 lakh to the nominees of the employees who died due to Covid-19, a top leader of the General Insurance Employees All India Association (GIEAIA) said.
2021-07-22
Category: India, Tamil Nadu,Business/Economy
E-commerce marketplace entity shall not sell any goods owned or controlled by it
New Delhi, July 22 (IANS) In major changes to e-commerce rules, the Ministry of Consumer Affairs has specified that an e-commerce marketplace entity shall not sell any goods owned or controlled by it on such e-commerce marketplace platform. All the sellers on the platform shall only be third party sellers, and no e-commerce store can be run on the e-commerce marketplace platform.
2021-07-22
Category: India, Delhi,Business/Economy,Technology
Airtel upgrades postpaid plans for retail and corporate customers
New Delhi, July 22 (IANS) Bharti Airtel on Thursday announced new postpaid plans for retail and corporate customers.
2021-07-22
Category: India, Delhi,Business/Economy
Rs 6,322 cr PLI boost for specialty steel manufacturing
New Delhi, July 22 (IANS) In a major development for the country's steel sector, the Union Cabinet on Thursday approved a production-linked incentive (PLI) scheme for manufacturing of specialty steel, with an outlay of Rs 6,322 crore.
2021-07-22
Category: India, Delhi,Business/Economy
CCI accuses Amazon of concealing facts in deal for Future Group unit
Mumbai, July 22 (IANS) The Competition Commission of India (CCI) has accused Amazon.com Inc of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a global news wire reported.
2021-07-22
Category: India, Maharashtra,Business/Economy
High-end SUV sales help Hyundai, Kia post strong results in Q2
Seoul, July 22 (IANS) Hyundai Motor and its affiliate Kia, South Korea's two biggest carmakers, on Thursday reported strong second-quarter earnings on a base effect and strong sales of their high-end SUVs.
2021-07-22
Category: International, South Korea,Business/Economy,Technology
Corteva to co-lead in promoting rice production in UP
Lucknow, July 22 (IANS) Corteva Agriscience, the global agriculture company, and the 2030 Water Resources Group (2030 WRG), hosted by the World Bank Group, has signed a project to promote sustainable rice production in Uttar Pradesh.
2021-07-22
Category: India, Uttar Pradesh,Business/Economy
Air India lost 56 employees due to Covid till July 14: Minister
New Delhi, July 22 (IANS) Centre on Thursday informed the Parliament that 56 employees of national carrier Air India have succumbed to Covid-19 pandemic till July 14.
2021-07-22
Category: India, Delhi,Business/Economy,Health/Medicine
Paytm's GMV hit Rs 1,469bn in Q4FY21 - 100% growth in one year
New Delhi, July 22 (IANS) Indias leading digital payments and financial services platform Paytm has filed for a Rs 16,600 crore IPO, which is touted to be Indias largest market debut.
2021-07-22
Category: India, Delhi,Business/Economy
EPC players' profitability highly susceptible to commodity price swing: Ind-Ra
New Delhi, July 22 (IANS) The engineering procurement and construction (EPC) companies have been in the doldrums majorly on account of a rise in steel and cement prices, said India Ratings and Research.
2021-07-22
Category: India, Delhi,Business/Economy
Aramco Chairman joins RIL board
Mumbai, July 22 (IANS) Reliance Industries (RIL) said on Thursday that the appointment of Aramco Chairman Yasir Al Rumayyan as an independent director of the company has taken effect from July 19.
2021-07-22
Category: India, Maharashtra,Business/Economy
Govt may involve other PSUs promoters to participate in PLL, IGL open offer
New Delhi, July 22 (IANS) The government is examining yet another proposal to see whether other PSU oil promoters of Petronet LNG (PLL) and Indraprastha Gas Ltd. (IGL) could participate in the mandatory open offer to shareholders of these entities triggered post privatisation of Bharat Petroleum Corporation Ltd (BPCL).
2021-07-22
Category: India, Delhi,Business/Economy
BlackBuck raises $67 mn, enters unicorn's club from India
Bengaluru, July 22 (IANS) Online trucking platform BlackBuck on Thursday announced it has closed a $67 million round of equity financing led by Tribe Capital, IFC Emerging Asia Fund and VEF, taking its valuation to $1 billion and becoming another unicorn from the country.
2021-07-22
Category: India, Karnataka,Business/Economy,Technology
Stressed steel plants acquired via IBC seeing faster turnaround
Mumbai, July 22 (IANS) Stressed steel plants, acquired under the Insolvency and Bankruptcy Code (IBC) resolution process are seeing faster returns. Despite pandemic-linked blips, domestic demand outlook remains strong, which has helped acquirers ramp up utilisation levels.
2021-07-22
Category: India, Maharashtra,Business/Economy
Rajasthan govt to roll out EV policy soon
Jaipur, July 22 (IANS) Close on the heels of Maharashtra, Delhi, Gujarat and Telangana governments, the Rajasthan government is also ready to launch the much-awaited Electric Vehicles (EV) Policy.
2021-07-22
Category: India, Rajasthan,National,Politics,Business/Economy
Sensex zooms over 500 points, Nifty above 15,750
Mumbai, July 22 (IANS) The key Indian equity indices surged on Thursday morning with the BSE Sensex gaining over 500 points.
2021-07-22
Category: India, Maharashtra,Business/Economy
GUVNL withdraws subsidy, leaves 4,000 solar projects stranded
Ahmedabad, July 22 (IANS) State-run Gujarat Urja Vikas Nigam Limited (GUVNL) withdraws subsidy to small-scale distributed solar projects, affecting about 4000 projects with an aggregate capacity of around 2500 MW signed power.
2021-07-22
Category: India, Gujarat,Business/Economy,Environment/Wildlife,Human Interest/Society,Science/Tech
Fuel prices remain unchanged for 5th day
New Delhi, July 22 (IANS) Oil marketing companies (OMC) continued the pause on fuel price revision for the fifth consecutive day, the longest period in weeks, as global development on oil production and rising US inventories softened crude and product prices.
2021-07-22
Category: India, Delhi,Business/Economy
IBM to digitise Bengaluru airport operations
Bengaluru, July 22 (IANS) Global software major IBM would digitise Bengaluru international airport operations to transform fliers experience, said its operator on Wednesday.
2021-07-22
Category: India, Karnataka,Business/Economy
MMRC completes 97% tunnelling on Colaba-SEEPZ Metro line
Mumbai, July 21 (IANS) Spelling cheers for Mumbaikars, almost 97 per cent tunnelling work on the longest and fully-underground Colaba-Bandra-SEEPZ Mumbai Metro 3 corridor has been completed with the 39th breakthrough achieved at Mahalaxmi, officials said on Wednesday.
2021-07-21
Category: India, Maharashtra,Business/Economy
RBI allows IDFC to exit IDFC First Bank
Mumbai, July 21 (IANS) The Reserve Bank of India had allowed IDFC to exit the IDFC First Bank.
2021-07-21
Category: India, Maharashtra,Business/Economy
Havells India's YoY Q1FY22 standalone net profit up 271%
New Delhi, July 21 (IANS) Fast Moving Electrical Goods (FMEG) company Havells India on Wednesday reported a rise of 271 per cent in its year-on-year standalone net profit for Q1FY22.
2021-07-21
Category: India, Delhi,Business/Economy
ICICI Securities' YoY consolidated net profit up 61%
New Delhi, July 21 (IANS) ICICI Group's subsidiary ICICI Securities on Wednesday reported a year-on-year rise of 61 per cent in its consolidated net profit for Q1FY22.
2021-07-21
Category: India, Delhi,Business/Economy
'SC order on limitations of timeline applicable only on appeals by taxpayers in GST matters'
New Delhi, July 21 (IANS) The Central Board of Indirect Taxes and Customs (CBIC) has clarified that extension of time limit for tax-related matters as per recent Supreme Court order is restricted only to quasi-judicial and judicial matters relating to petitions, applications, suits and appeals and will not impact actions such as scrutiny of returns, issuance of summons, search, enquiry or investigations and even consequential arrest in accordance with GST law.
2021-07-21
Category: India, Delhi,Business/Economy