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Headline
RBI proposes multilayer system, stricter norms for NBFCs
Mumbai, Jan 22 (IANS) The Reserve Bank of India (RBI) on Friday proposed a four-layered structure for non-banking finance companies (NBFCs) and new norms to strengthen their governance and operations.
2021-01-22
Category: India, Maharashtra,Business/Economy
Gujarat govt inks pact with Adani for largest logistics park
Gandhinagar, Jan 22 (IANS) The Gujarat government on Friday signed a Memorandum of Understanding (MoU) with the private infrastructure company, Adani Port & SEZ Ltd., to setup the country's largest multi-modal logistics park at Sanand with an estimated investment of Rs 50,000 crore.
2021-01-22
Category: India, Maharashtra,Business/Economy
RIL's Q3FY21 consolidated net profit rises to Rs 14,894 cr (Ld)
New Delhi, Jan 22 (IANS) Reliance Industries Ltd (RIL) on Friday reported a rise of over 25 per cent in its consolidated net profit for the quarter ended December 31 of FY2020-21 on a year-on-year (YoY) basis.
2021-01-22
Category: India, Delhi,Business/Economy
GoAir commences 'Freedom Sale', offers 1 mn seats for booking
Mumbai, Jan 22 (IANS) To make air travel more affordable, GoAir on Friday announced a sale for passengers planning their domestic travel this year.
2021-01-22
Category: India, Maharashtra,Business/Economy
DHFL CoC declares Piramal as successful bidder
Mumbai, Jan 22 (IANS) Piramal Enterprises on Friday said that the Committee of Creditors (CoC) of Dewan Housing Finance Corporation Ltd (DHFL) have declared Piramal Capital & Housing Finance Ltd (PCHFL) as the successful bidder for DHFL.
2021-01-22
Category: India, Maharashtra,Business/Economy
India's foreign exchange reserves down $1.8 bn
Mumbai, Jan 22 (IANS) India's foreign exchange reserves declined by $1.839 billion during the week ended January 15.
2021-01-22
Category: India, Maharashtra,Business/Economy
RBI proposes multilayer system, stricter norms for NBFCs
Mumbai, Jan 22 (IANS) The Reserve Bank of India (RBI) on Friday proposed a four-layered structure for non-banking finance companies (NBFCs) and new norms to strengthen the governance and operations of these entities.
2021-01-22
Category: India, Maharashtra,Business/Economy
Yes Bank logs net profit of Rs 151 cr in Oct-Dec quarter
Mumbai, Jan 22 (IANS) Yes Bank on Friday reported a net profit of Rs 151 crore for the quarter ended December 31.
2021-01-22
Category: India, Maharashtra,Business/Economy
'Consumer sentiments on India's economic prospects improve'
New Delhi, Jan 22 (IANS) Sentiments of Indians regarding the economic prospects of the country have improved in January, according to the Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI).
2021-01-22
Category: India, Delhi,Business/Economy
Reliance Jio's Oct-Dec net profit grows to Rs 3,489 cr on QoQ basis
Mumbai, Jan 22 (IANS) Telecom major Reliance Jio Infocomm on Friday reported a 15.5 per cent growth on a quarter-on-quarter basis in its consolidated net profit for the quarter-ended December to Rs 3,489 crore.
2021-01-22
Category: India, Maharashtra,Business/Economy
Pandemic triggers Covid cess hope for fund starved govt
New Delhi, Jan 22 (IANS) Be ready to pay additional taxes this year as the fund starved government explores the levy of a new coronavirus cess or surcharge to mobilise resources required to finance the worlds largest anti-Covid vaccination drive launched in the country on January 16.
2021-01-22
Category: India, Delhi,Business/Economy
J&K approves industrial land allotment policy
Jammu, Jan 22 (IANS) The Administrative Council (AC), which met here under the chairmanship of J&K Lieutenant Governor Manoj Sinha, approved the adoption of Jammu and Kashmir Industrial Land Allotment Policy 2021-30 to evolve a highly structured industrial land bank for promoting equitable industrial growth in Jammu and Kashmir, a government statement said on Friday.
2021-01-22
Category: India, Jammu And Kashmir,Business/Economy
Several companies took part in virtual roadshow of RLDA
New Delhi, Jan (IANS) At least 35 national and international companies participated in the virtual road show on the redevelopment of the New Delhi Railway Station organised by the Rail Land Development Authority (RLDA).
2021-01-22
Category: India, Delhi,Business/Economy
RIL's Q3FY21 consolidated net profit rises to Rs 14,894 cr
New Delhi, Jan 22 (IANS) Reliance Industries Ltd (RIL) on Friday reported a rise of over 25 per cent in its consolidated net profit for the quarter ended December 31 of FY2020-21 on a year-on-year (YoY) basis.
2021-01-22
Category: India, Delhi,Business/Economy
Operational restrictions imposed at IGIA ahead of R-Day
New Delhi, Jan 22 (IANS) Operational restrictions have been imposed at the Indira Gandhi International Airport (IGIA), as part of security arrangement for ahead of Republic Day.
2021-01-22
Category: India, Delhi,Business/Economy,Defence/Security
Tata Motors increases passenger vehicle prices
Mumbai, Jan 22 (IANS) Tata Motors on Friday effected a hike in prices of its passenger vehicle range.
2021-01-22
Category: India, Maharashtra,Business/Economy
Odisha registers 55% increase in export despite Covid
Bhubaneswar, Jan 22 (IANS) Despite the adverse situation caused by Covid-19 pandemic, export from Odisha in the current financial year up to November has registered 55 per cent increase, said Chief Minister Naveen Patnaik on Friday.
2021-01-22
Category: India, Orissa,Business/Economy
Tax remission on electronics exports to curb imports: ICEA
New Delhi, Jan 22 (IANS) As the government emphasises on making India a manufacturing hub for mobile and electronics, the India Cellular & Electronics Association (ICEA) has said that the scheme of Remission of Duties and Taxes on Exported Products (RoDTEP), if implemented in the electronics sector, would lead to import substitution.
2021-01-22
Category: India, Delhi,Business/Economy
India Inc counts on the Budget announcements; optimistic about growth in FY22: Deloitte survey
New Delhi, Jan. Jan 22 (IANS) India Inc. is optimistic about the Union Budget FY21-22 as it is expected to give a strong push to the economy, business and industry.
2021-01-22
Category: India, Delhi,Business/Economy
Profit booking, global cues subdues market; banking stocks dive (Roundup)
Mumbai, Jan 22 (IANS) Profit booking, along with heavy selling pressure in the banking sector stocks, pulled the Indian benchmark equity indices lower for the second straight session on Friday.
2021-01-22
Category: India, Maharashtra,Business/Economy
Vaccine to Vacation: Inoculation drive to pump up airline sector (IANS Special)
New Delhi, Jan 22 (IANS) India's aviation sector is set to become a major beneficiary of the massive anti-Covid vaccination programme which has re-ignited the confidence of the travellers.
2021-01-22
Category: India, Delhi,Business/Economy
SC won't recall order refusing Vedanta plea to reopen Sterlite plant
New Delhi, Jan 22 (IANS) The Supreme Court on Friday declined to entertain a plea by Vedanta seeking recall of its December 2 order, where it had declined to entertain an interim plea by the mining major to inspect and operate its Sterlite Copper unit in Tamil Nadu's Tuticorin.
2021-01-22
Category: India, Delhi,Business/Economy,Environment/Wildlife,Immigration/Law/Rights
Plant closure: SC declines Vedanta's plea for early hearing of appeal
New Delhi, Jan 22 (IANS) The Supreme Court on Friday declined to entertain a plea by Vedanta seeking early hearing on its appeal filed against the Madras High Court order, which declined to allow the reopening of its Tuticorin plant.
2021-01-22
Category: India, Delhi,Business/Economy,Environment/Wildlife,Immigration/Law/Rights
Sensex slumps 700 points, gives up 49,000 (2nd Lead)
Mumbai, Jan 22 (IANS) A day after claiming the landmark 50,000 level for the first time, the BSE Sensex plunged below the 49,000 mark on Friday.
2021-01-22
Category: India, Maharashtra,Business/Economy
Emaar accuses MGF of trying to illegally transfer land parcels
New Delhi, Jan 22 (IANS) Emaar India Ltd. on Friday accused MGF Group and its Chairman Shravan Gupta of trying to illegally transfer a land parcel in Okhla.
2021-01-22
Category: India, Delhi,Business/Economy
HDFC Bank reviews SEBI order in BRH Wealth Kreators' matter
Mumbai, Jan 22 (IANS) HDFC Bank on Friday said that it is reviewing the SEBI order imposing a penalty of Rs 1 crore on the bank in the in the matter involving BRS Wealth Kreators.
2021-01-22
Category: India, Maharashtra,Business/Economy
Sensex drops 550 points, holds on to 49,000 (Ld)
Mumbai, Jan 22 (IANS) The Indian equity indices plunged on Friday afternoon with the BSE Sensex losing around 550 points.
2021-01-22
Category: India, Maharashtra,Business/Economy
Hyderabad firm gets rail contract for propulsion, control systems
New Delhi, Jan 22 (IANS) The Indian Railways has awarded a contract of Rs 2,211 crore to design and manufacture propulsion, control and other equipment of 44 Vande Bharat-type train sets to Hyderabad-based Medha Servo Drives Pvt Ltd, a Ministry spokesperson said on Friday.
2021-01-22
Category: India, Delhi,Business/Economy
Yogi boost for startups: 4 get Rs 20 lakh
Lucknow, Jan 22 (IANS) As part of the 'Start in UP' programme, the policy implementation unit in the state has approved marketing assistance of Rs 5 lakh each to four startups, including one that aims to use artificial intelligence for face recognition to provide safety for women and children.
2021-01-22
Category: India, Uttar Pradesh,Business/Economy
Panaji restaurants to use biogas: CM
Panaji, Jan 22 (IANS) Select restaurants in Panaji will soon be hooked into a biogas supply network being set up by the city municipal corporation, Chief Minister Pramod Sawant said on Friday.
2021-01-22
Category: India, Goa,Business/Economy
IL&FS addresses aggregate debt of Rs 32KCr so far
Mumbai, Jan 22 (IANS) Debt-ridden IL&FS Group has addressed aggregate debt of around Rs 32,000 crore so far.
2021-01-22
Category: India, Maharashtra,Business/Economy
Attractive LNG prices to boost India's plan on gas-based economy
New Delhi, Jan 22 (IANS) India's efforts to build a gas based economy is set to get a boost from the falling spot LNG prices that had skyrocketed to over $30/mmbtu (from $2 a few months ago on the back of the winter demand and supply constriants.
2021-01-22
Category: India, Delhi,Business/Economy
Intel posts $20B revenue in Q4, beats expectations
San Francisco, Jan 22 (IANS) Intel posted better than expected results in the fourth quarter as revenue hit $20 billion while full-year revenue for 2020 set an all-time record of $77.9 billion, up eight per cent year-on-year.
2021-01-22
Category: International, Costa Rica,Business/Economy,Technology
Fuel prices rise again, reach new highs on Friday
New Delhi, Jan 22 (IANS) Petrol and diesel prices rose sharply again on Friday reaching new all-time high levels as oil marketing companies decided to break the pause in revision of auto fuel prices to bridge the widening under recovery.
2021-01-22
Category: India, Delhi,National,Business/Economy
Equity indices fall, Sensex down 100 points
Mumbai, Jan 22 (IANS) The key Indian equity indices traded on a negative note on Friday with the BSE Sensex falling over 100 points.
2021-01-22
Category: India, Maharashtra,Business/Economy
IBM stock down after weak Q4 growth in Cloud and AI revenue
San Francisco, Jan 22 (IANS) A weak cloud and cognitive software performance saw IBM shares sliding 6.6 per cent after the company missed Q4 revenue estimates, posting its fourth straight quarter of revenue decline.
2021-01-22
Category: International, Costa Rica,Business/Economy,Technology
Average flat size increases in top cities in 2020: Report
New Delhi, Jan 21 (IANS) In a major trend reversal in the post-Covid world, the demand for bigger homes has increased across the top cities of India.
2021-01-21
Category: India, Delhi,Business/Economy
Indian realty witness PE investments of $4,068 mn in 2020: Report
Mumbai, Jan 21 (IANS) The real estate sector in India attracted private equity investments of around $4,068 million involving 21 deals in 2020, said a Knight Frank India report.
2021-01-21
Category: India, Maharashtra,Business/Economy
NSE named world's largest derivatives exchange for 2020
Mumbai, Jan 21 (IANS) The National Stock Exchange of India Ltd (NSE) has emerged as the world's largest derivatives exchange in 2020 in terms of the number of contracts traded, according to data maintained by Futures Industry Association (FIA), a derivatives trade body.
2021-01-21
Category: India, Maharashtra,Business/Economy
Barring another Covid wave, the worst is behind India: RBI
Mumbai, Jan 21 (IANS) The Reserve Bank on Thursday said barring the visitation of another wave of coronavirus, the worst is behind India, as recent high frequency indicators suggest a strong recovery.
2021-01-21
Category: India, Maharashtra,Business/Economy
Companies have to pay GST on remuneration of Independent Directors
New Delhi, Jan 21 (IANS) A company is liable to pay Goods and Services Tax (GST) on remunerations paid to Independent Directors on a reverse charge basis.
2021-01-21
Category: India, Delhi,Business/Economy
Biden, Budget lift Sensex over 50K, but profit booking, SII fire deflate rise (Roundup)
Mumbai, Jan 21 (IANS) India's barometer index -- the S&P BSE Sensex -- crossed the 50,000 mark on Thursday on the back of positive global cues and expectations of healthy quarterly results, along with that of a growth supportive Union Budget FY22. It, however, closed lower than the psychlogically important milestone due to profit booking.
2021-01-21
Category: India, Maharashtra,Business/Economy
Indian markets to continue their rally ahead with minor hiccups (Opinion)
Mumbai, Jan 21 (IANS) After a tough 2020, Indian economy seems set for revival this calendar year.
2021-01-21
Category: India, Maharashtra,Business/Economy
SEBI penalises HDFC Bank for wrongly invoking pledge of securities
Mumbai, Jan 21 (IANS) The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 1 crore on HDFC Bank for invocation of client securities pledged by stock broking firm BRH Wealth Kreators in violation of an interim order by the regulator.
2021-01-21
Category: India, Maharashtra,Business/Economy
Beyond 50K: Biden, Budget to power markets' bull run further (IANS Special)
Mumbai, Jan 21 (IANS) The bull run in India's equity market will last at least till the Union Budget FY22, even as the barometer index S&P BSE Sensex mounted the 50,000-level mark.
2021-01-21
Category: India, Maharashtra,Business/Economy
Global refurbished smartphone market down 9% in 2020
New Delhi, Jan 21 (IANS) The global refurbished smartphone market fell 9 per cent (on-year) in 2020 owing to Covid-19 lockdowns and related economic deterrents, according to a new report.
2021-01-21
Category: India, Delhi,Business/Economy,Technology
Hero MotoCorp surpasses 100 mn cumulative production milestone
New Delhi, Jan 21 (IANS) Two-wheeler major Hero MotoCorp has surpassed the significant milestone of 100 million (10 crore) units in cumulative production.
2021-01-21
Category: India, Delhi,Business/Economy
Sensex over 50K mark as Biden, Budget fuel fast recovery hopes (5th Ld)
Mumbai, Jan 21 (IANS) Positive global cues and expectations of healthy quarterly results, along with that of a supportive Union Budget FY22, powered the ascent of India's barometer index -- the S&P BSE Sensex -- to cross the 50,000 mark on Thursday.
2021-01-21
Category: India, Maharashtra,Business/Economy
Over 60% haircut in FTMF shut funds is 'Black Swan' event: CFMA
New Delhi, Jan 21 (IANS) Describing the over 60 per cent haircut in six shut debt funds of Franklin Templeton as a 'Black Swan' event for three crore unit-holders of the entire domestic mutual fund industry, the Chennai Financial Markets and Accountability (CFMA), an organisation fighting for the cause of investors, on Thursday said three lakh unit-holders of Franklin Templeton Mutual Fund (FTMF) are set to lose Rs 16,000 crore out of Rs 28,000 crore invested.
2021-01-21
Category: India, Delhi,Business/Economy
Sensex at 50,000: Ride the wave, but be aware of the bumps
Mumbai, Jan 21 (IANS) Sensex at 50,000 is, indeed, a proud day not only for the markets and investors, but for the economy also. The market is regarded as the barometer of the economy with a potential to discount the future. If this is true, the Indian economy is on a strong comeback trail with important implications for markets.
2021-01-21
Category: India, Maharashtra,Business/Economy