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Headline
NMDC achieves best ever production, sales in Feb
Hyderabad, March 2 (IANS) The National Mineral Development Corporation (NMDC) has witnessed best ever performance in production and sales during February.
2021-03-02
Category: India, Andhra Pradesh,Business/Economy
Share of cess, surcharge in tax revenue doubles in 9 years
New Delhi, March 2 (IANS) The share of cess and surcharge in gross tax revenue has nearly doubled to 19.9 per cent in FY21, from 10.4 per cent in FY12.
2021-03-02
Category: India, Delhi,Business/Economy
Stakeholders urge Centre to cut excise duty on auto fuels
New Delhi, March 2 (IANS) Various stakeholders have urged the government to cut excise duty on petrol and diesel to rescue consumers from the spiralling prices of the auto fuels amid the pandemic.
2021-03-02
Category: India, Delhi,Business/Economy
Electronic goods exports soar to Rs 8,806 cr in Dec 2020
New Delhi, March 2 (IANS) Electronic goods exports recorded an all-time high of Rs 8,806 crore in the month of December 2020.
2021-03-02
Category: India, Delhi,Business/Economy
Employee's union call off strike at Toyota Kirloskar Motor plant
New Delhi, March 2 (IANS) Automobile major Toyota Kirloskar Motor on Tuesday confirmed that TKM Employee's Union has officially called off the ongoing labour strike at its factory in Bidadi, Karnataka.
2021-03-02
Category: India, Delhi,Business/Economy
India's Feb YoY merchandise exports slips but trade deficit widens (Roundup)
New Delhi, March 2 (IANS) India's February merchandise exports slipped by 0.25 per cent on a year-on-year basis, preliminary data showed on Tuesday.
2021-03-02
Category: India, Delhi,Business/Economy
Oilcos raise margins as consumers suffer fuel price blues
New Delhi, March 2 (IANS) The oil price rise may be hitting the fuel consumers hard, but it is the oil companies that are making the most from the current situation, strengthening their margin on the sale of petrol and diesel and jacking up profits.
2021-03-02
Category: India, Delhi,Business/Economy
Sensex reclaims 50K-mark, auto stocks shine (Roundup)
New Delhi, March 2 (IANS) India's benchmark equity index S&P BSE Sensex on Tuesday reclaimed the 50,000 points-mark on the back of healthy buying in automobile and IT counters.
2021-03-02
Category: India, Delhi,Business/Economy
Spectrum auction concludes with bids of Rs 77,810 cr (Ld)
New Delhi, March 2 (IANS) The spectrum auction 2021 concluded on Tuesday with the government receiving total bids worth Rs 77,814.80 crore.
2021-03-02
Category: India, Delhi,Business/Economy
Spectrum Auction: Govt gets bids worth Rs 77,814 cr
New Delhi, March 2 (IANS) As the Department of Telecommunications (DoT) completed the spectrum auction on Tuesday, government receives bids worth Rs 77,814 crore in total, with Reliance Jio being the largest bidder.
2021-03-02
Category: India, Delhi,Business/Economy
Indian mobile retailers' body slams Amazon, phone vendors
New Delhi, March 2 (IANS) The All India Mobile Retailers Association (AIMRA) has written a letter to Prime Minister Narendra Modi, stressing that Amazon's operations in India should be suspended until a probe into the company is done.
2021-03-02
Category: India, Delhi,Business/Economy,Technology
IndiGo flight makes medical emergency landing in Karachi
New Delhi, March 2 (IANS) An IndiGo flight from Sharjah to Lucknow made a medical emergency landing in Karachi on Tuesday.
2021-03-02
Category: India, Delhi,Business/Economy
With $83 billion, Mukesh Ambani richest in India (Ld)
New Delhi, March 2 (IANS) With $ 83 billion, Mukesh Ambani, Chairman, Reliance Industries Limited (RIL), is the richest man in India, second richest in Asia and 8th richest in the world.
2021-03-02
Category: India, Delhi,Business/Economy
IndiGo flight makes medical emergency landing in Karachi
New Delhi, March 2 (IANS) An IndiGo flight from Sharjah to Lucknow made a medical emergency landing in Karachi on Tuesday.
2021-03-02
Category: India, Delhi,Business/Economy
VIL acquires spectrum in 5 circles to enhance 4G services
New Delhi, March 2 (IANS) Vodafone Idea Ltd (VIL) on Tuesday said it has acquired spectrum in five circles, which would help the telco to enhance its 4G coverage and capacity.
2021-03-02
Category: India, Delhi,Business/Economy
India's Feb YoY merchandise exports slips marginally
New Delhi, March 2 (IANS) India's February merchandise exports slipped by 0.25 per cent on a year-on-year basis, preliminary data showed on Tuesday.
2021-03-02
Category: India, Delhi,Business/Economy
Airtel acquires 355.45 MHz spectrum for Rs 18,699 cr
New Delhi, March 2 (IANS) Bharti Airtel on Tuesday said that it has acquired 355.45 MHz spectrum across Sub GHz, mid band and 2m300 MHz bands for a total consideration of Rs 18,699 crore in the latest spectrum auction conducted by the Department of Telecommunications (DoT).
2021-03-02
Category: India, Delhi,Business/Economy
Tough eligibility may limit benefits to large Cos under proposed PLI for automotive sector
New Delhi, Mar. March 2 (IANS) The government will soon come out with detailed scheme to offer production linked incentive (PLI) to automobile and auto components industry that will lay the roadmap and raise India's bar as a global manufacturing hub.
2021-03-02
Category: India, Delhi,Business/Economy
Sensex reclaims 50K-mark, auto stocks shine (Ld)
Mumbai, March 2 (IANS) The key Indian equity indices traded in the positive territory during the mid-afternoon session on Tuesday with the S&P BSE Sensex reclaiming the 50,000 points-mark.
2021-03-02
Category: India, Maharashtra,Business/Economy
Lamborghini delivers 100th Urus Super SUV in India
New Delhi, March 2 (IANS) Sports automobile manufacturer Lamborghini has delivered the 100th Urus Super SUV in India.
2021-03-02
Category: India, Delhi,Business/Economy
Mukesh Ambani turns 8th richest person in the world
New Delhi, March 2 (IANS) Reliance Industries (RIL) Chairman Mukesh Ambani is now the eighth richest person in the world with a fortune of $83 billion, according to the Hurun Global Rich List 2021.
2021-03-02
Category: India, Delhi,Business/Economy
Cashfree, PayPal to help Indian firms sell to 350M customers
Bengaluru, March 2 (IANS) Payments and banking technology firm Cashfree on Tuesday announced a partnership with digital payments company PayPal to enable international payments for merchants.
2021-03-02
Category: India, Karnataka,Business/Economy,Technology
Shipping Corp shares up 15% as govt gets multiple EoIs
Mumbai, March 2 (IANS) Shares of Shipping Corporation of India Ltd surged over 15 per cent on Tuesday as its disinvestment process gathered momentum with the government receiving multiple Expressions of Interest (EoI) for the privatisation of the company.
2021-03-02
Category: India, Maharashtra,Business/Economy
Govt-NUSI ink MoUs for Rs 225 Cr benefits to seafarers
Mumbai, March 2 (IANS) In a third major achievement in 3 months, the National Union of Seafarers of India (NUSI) signed six memorandums of understanding (MoUs) with the Centre to extend various benefits worth Rs 225-crore to the 4,00,000 Indian seafarers across all categories, a top unionist said here on Tuesday.
2021-03-02
Category: India, Maharashtra,Business/Economy
Petrol, diesel prices unchanged for 3rd straight day
New Delhi, March 2 (IANS) The rise in the prices of petrol and diesel has paused for the last three days as oil marketing companies (OMCs) have decided to wait and watch the developments on global oil market before finalising their India retail strategy.
2021-03-02
Category: India, Delhi,Business/Economy
Hotels witnessed RevPAR decline in Jan: Report
New Delhi, March 2 (IANS) As the Indian hospitality sector is yet to recover completely from the pandemic-induced slowdown, the revenue per available rooms (RevPAR) of hotels in the country declined by 4-6 per cent in January on a month-on-month (MoM) basis, said a report by HVS and Anarock.
2021-03-02
Category: India, Delhi,Business/Economy
Flipkart Grocery now available in over 50 cities
Bengaluru, March 2 (IANS) Flipkart on Tuesday said it has expanded its grocery services to more than 50 cities via Marketplace, and aims to reach over 70 cities in the next six months.
2021-03-02
Category: India, Karnataka,Business/Economy,Technology
Argoid to build on its technology, grow customer base
New Delhi, March 2 (IANS) AI enterprise Argoid plans to further build on its technology to increase its customer base along with sustaining product leadership positioning with its latest fund raiser of $1.7 million, according to a company statement.
2021-03-02
Category: India, Delhi,Business/Economy
IBM eyes India's public sector for Hybrid Cloud growth
New Delhi, March 2 (IANS) In a bid to empower the public sector enterprises in India, tech company IBM on Tuesday announced it has achieved a full cloud service provider (CSP) empanelment from the Ministry of Electronics and IT (MeiTY).
2021-03-02
Category: India, Delhi,Business/Economy,Technology
Zoom revenue up 369%, set for strong growth
San Francisco, March 2 (IANS) Riding on work-from-home scenario in the pandemic, video collaboration and chat platform Zoom has reported a staggering 369 per cent rise in its quarterly revenue at $882.5 million.
2021-03-02
Category: International, Costa Rica,Business/Economy,Technology
Sensex opens 400 points higher, reclaims 50,000
Mumbai, March 2 (IANS) The key Indian equity indices opened on a positive note on Tuesday with the BSE Sensex surging over 400 points.
2021-03-02
Category: India, Maharashtra,Business/Economy
No compromise on quality standards: Goyal
New Delhi, March 2 (IANS) Union Consumer Affairs and Food and Public Distribution, Railway and Commerce and Industries Minister Piyush Goyal while presiding over the third Governing Council meeting of the Bureau of Indian Standards (BIS) said that there will be no compromise with the quality standards of the projects which are exported and strict action will be taken against people who demand bribe for doing any work related to quality standards.
2021-03-02
Category: India, Delhi,Business/Economy
Delhi govt delists Tata Nexon EV XZ+ from subsidy under EV policy (Ld)
New Delhi, March 2 (IANS) The Delhi government on Monday announced that it has suspended the subsidy given under its electric vehicle (EV) policy to Tata Nexon EV XZ+ vehicles. The delisting came after receiving complaints from an owner of the said model.
2021-03-02
Category: India, Delhi,Business/Economy
Recent NSE glitch cost immensely, says Sitharaman
New Delhi, March 1 (IANS) Days after the National Stock Exchange had to halt trading on its platform for around four hours, Finance Minister Nirmala Sitharaman said on Monday that the incident came with immense cost for the financial markets.
2021-03-01
Category: India, Delhi,Business/Economy
Vijayawada division achieves highest goods trains interchange
Vijayawada, March 1 (IANS) The South Central Railway (SCR) zone's Vijayawada division achieved the rare feat of highest ever interchange of goods trains on a single day.
2021-03-01
Category: India, Andhra Pradesh,Business/Economy
SBI reduces home loan interest rates to 6.70%
Mumbai, March 1 (IANS) Lending major State Bank of India on Monday announced a limited period 'home loan' offer entailing a concession of up to 70 bps with interest rates starting from 6.70 per cent onwards.
2021-03-01
Category: India, Maharashtra,Business/Economy
HMSI's total sales up 29% in February
New Delhi, March 1 (IANS) Honda Motorcycle & Scooter India (HMSI) on Monday reported a rise of 29 per cent in its total sales for February.
2021-03-01
Category: India, Delhi,Business/Economy
SEBI proposes amendments to further strengthen Independent Directors
Mumbai, March 1 (IANS) The Securities and Exchange Board of India (SEBI) has proposed several regulatory amendments to strengthen Independent Directors and eventually give more voice to the minority shareholders.
2021-03-01
Category: India, Maharashtra,Business/Economy
Low interest rates, pent up demand buoy Feb auto sales (Roundup)
New Delhi, March 1 (IANS) Low interest rates along with pent-up demand and ongoing discounts accelerated the year-on-year sales of major automobile players' during February.
2021-03-01
Category: India, Delhi,Business/Economy
GST compensation shortfall released to states reaches Rs 1.04L cr
New Delhi, March 1 (IANS) Finance Ministry has released the 18th weekly instalment of Rs 4,000 crore to the states to meet the GST compensation shortfall.
2021-03-01
Category: India, Delhi,Business/Economy
Credit to large industries declines, inflow rises in services
Mumbai, March 1 (IANS) As credit flow from banks improve with the acceleration in economic activities post the gradual lifting of the lockdown restrictions, credit growth has not been on the same lines across sectors.
2021-03-01
Category: India, Maharashtra,Business/Economy
Bounce Back: GDP numbers, auto sales lift market (Roundup)
Mumbai, March 1 (IANS) India's key equity benchmark indices staged a bounce back on healthy Q3FY21 GDP growth numbers during Monday's Trade session.
2021-03-01
Category: India, Maharashtra,Business/Economy
'Govt committed to support travel & hospitality sector'
New Delhi, March 1 (IANS) Union Minister Nitin Gadkari on Monday said that with the goal of Aatmanirbhar Bharat, the government is committed to create multiple opportunities for MSMEs, boost tourism with the help of upcoming infrastructure projects.
2021-03-01
Category: India, Delhi,Business/Economy
Bank credit to grow 400-500 bps higher at 9-10% next fiscal
Mumbai, March 1 (IANS) Bank credit is seen growing 400-500 basis points (bps) higher at 9-10 per cent next fiscal as the Indian economy recovers, supported by budgetary stimulants and measures announced by the Reserve Bank of India (RBI), Crisil said on Monday.
2021-03-01
Category: India, Maharashtra,Business/Economy
HMSI's total sales up 29% in February
New Delhi, March 1 (IANS) Honda Motorcycle & Scooter India on Monday reported a rise of 29 per cent in its total sales for February.
2021-03-01
Category: India, Delhi,Business/Economy
Siemens completes Rs 2K cr acquisition of C&S Electric in India
Mumbai, March 1 (IANS) Siemens on Monday announced that it has completed the acquisition of electrical equipment manufacturer C&S Electric in India after receiving regulatory approval from the Competition Commission of India in August last year.
2021-03-01
Category: India, Maharashtra,Business/Economy
Hero MotoCorp's Feb sales up 1.45%
New Delhi, March 1 (IANS) Two-wheeler major Hero MotoCorp on Monday reported a rise of 1.45 per cent in its total sales during February.
2021-03-01
Category: India, Delhi,Business/Economy
Bids worth Rs 77K cr received for spectrum auction
New Delhi, March 1 (IANS) The first day of the much anticipated telecom auctions attracted Rs 77,146 crore of bids, said Telecom Minister Ravi Shankar Prasad.
2021-03-01
Category: India, Delhi,Business/Economy
BPCL board approves sale of its equity in Numaligarh Refinery
New Delhi, March 1 (IANS) Privatisation bound public sector refiner Bharat Petroleum Corporation Ltd (BPCL) said on Monday that its board has approved the proposal for sale of the company's equity shares in the Numaligarh Refinery Ltd (NRL) to a consortium of Oil India Limited and Engineers India Limited, along with the government of Assam.
2021-03-01
Category: India, Delhi,Business/Economy
Goyal asks BIS to create Customer Charter for transparency
New Delhi, March 1 (IANS) Union Minister of Consumer Affairs, Food & Public Distribution, Railways and Commerce & Industry Piyush Goyal on Monday instructed the Bureau of Indian Standards (BIS) to create a Customer Charter to usher in the highest transparency in its certification process and inspections.
2021-03-01
Category: India, Delhi,Business/Economy