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Headline
Coal, petroleum products' production fuel Oct core industry growth
New Delhi, Nov 30 (IANS) Healthy production of coal, and petroleum products as well as eased Covid restrictions lifted the growth of India's eight major industries in October on a year-on-year and sequential basis.
2021-11-30
Category: India, Delhi,Business/Economy
SEBI to auction Ravi Kiran Realty's properties to recover investors' money
New Delhi, Nov 30 (IANS) Securities market regulator SEBI on Tuesday said it will auction four properties of Ravi Kiran Realty India and its promoters to recover investors' money.
2021-11-30
Category: India, Delhi,Business/Economy
Omicron Effect: Chorus grows against resumption of normal foreign flight ops
New Delhi, Nov 30 (IANS) A chorus is growing loud in India against the opening up of normal international flight operations from December 15 against the back of the new and reportedly more infectious 'Omicron' variant of Covid-19.
2021-11-30
Category: India, Delhi,Business/Economy,Health/Medicine
India's Apr-Oct fiscal deficit over 36% of FY22 target
New Delhi, Nov 30 (IANS) India's April-October budgetary fiscal deficit has reached 36.3 per cent of the FY22 target.
2021-11-30
Category: India, Delhi,Business/Economy
Higher fiscal spending, consumption recovery lift India's Q2FY22 GDP above 8% (Roundup)
New Delhi, Nov 30 (IANS) Higher central fiscal spending as well as consumption recovery and healthy monsoon season accelerated India's Q2FY22 GDP growth rate to 8.4 per cent on a year-on-year basis.
2021-11-30
Category: India, Delhi,Business/Economy
Higher fiscal spending, consumption recovery lift India's Q2FY22 GDP above 8% (Ld)
New Delhi, Nov 30 (IANS) Higher central fiscal spending as well as consumption recovery and healthy monsoon season accelerated India's Q2FY22 GDP growth rate to 8.4 per cent on a year-on-year basis.
2021-11-30
Category: India, Delhi,Business/Economy
Equity indices settle in red, Tata Steel among top losers (Roundup)
New Delhi, Nov 30 (IANS) Continuous sell-off by foreign investors along with fears of the new Covid variant -- Omicron -- dragged India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- into the red on Tuesday.
2021-11-30
Category: India, Delhi,Business/Economy
Unwise for India to place bans on private crypto assets: Report
New Delhi, Nov 30 (IANS) A new monograph by the Observer Research Foundation, in collaboration with the Esya Centre, presents a deep-dive into the growth of cryptocurrency in India and proposes a balanced regulatory approach.
2021-11-30
Category: India, Delhi,Business/Economy
Samsung unveils new auto chips for high-end cars
Seoul, Nov 30 (IANS) Samsung Electronics on Tuesday unveiled three new automotive chips as demand for advanced chips is growing among global carmakers to produce cars with better connectivity and more sophisticated infotainment features.
2021-11-30
Category: International, South Korea,Business/Economy,Technology
Delhi HC order costs PSU insurance officials their Director post
Chennai, Nov 30 (IANS) The Delhi High Court judgement that the Banks Board Bureau (BBB) cannot select the General Manager and Directors of public sector general insurers has cost a couple of officials their board positions, said a senior industry official.
2021-11-30
Category: India, Tamil Nadu,Business/Economy,Immigration/Law/Rights
Equity indices settle in red; Tata Steel among top losers (Ld)
New Delhi, Nov 30 (IANS) Continuous sell-off by foreign investors along with fears of the new Covid variant -- Omicron -- dragged India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- into the red on Tuesday.
2021-11-30
Category: India, Delhi,Business/Economy
Go Fashion shares listed 90% over issue price on debut
Mumbai, Nov 30 (IANS) Shares of Go Fashion made its debut on the exchanges on Tuesday with a premium of 90 per cent over its issue price of Rs 690 at Rs 1,316.
2021-11-30
Category: India, Maharashtra,Business/Economy
Fiscal push: India's Q2FY22 GDP growth up 8.4% YoY
New Delhi, Nov 30 (IANS) Healthy monsoon season along with pent-up demand accelerated India's Q2FY22 GDP growth rate to 8.4 per cent on a year-on-year basis.
2021-11-30
Category: India, Delhi,Business/Economy
India's Apr-Oct fiscal deficit over 36% of FY22 target
New Delhi, Nov 30 (IANS) India's April-October budgetary fiscal deficit reached 36.3 per cent of the FY22 target.
2021-11-30
Category: India, Delhi,Business/Economy
DiagRight focuses on last mile connectivity in diagnostic process to reduce scope of errors
Mumbai, Nov 30 (IANS) The Indian diagnostics industry has been evolving at a rapid pace over the years proving to be one of the crucial components of the healthcare sector owing to the reliance of the medical professionals on the diagnostic statement to validate, accurately diagnose ailments and provide the right treatment.
2021-11-30
Category: India, Maharashtra,Business/Economy,Health/Medicine
Reliance Capital welcomes RBI move to resolve company's debt in accordance with IBC Code
Mumbai, Nov 30 (IANS) Reliance Capital Limited has welcomed the Reserve Bank of India's (RBI) move to resolve the Company's debt in accordance with the IBC Code.
2021-11-30
Category: India, Maharashtra,Business/Economy
Oil marketing companies keep diesel, petrol prices unchanged
New Delhi, Nov 30 (IANS) Oil marketing companies on Tuesday kept the prices of diesel and petrol unchanged across major Indian cities.
2021-11-30
Category: India, Delhi,Business/Economy
Equity indices rise in early trade; Sensex up 0.6%
Mumbai, Nov 30 (IANS) The 30-scrip Sensitive Index (Sensex) gained in early trade session on Tuesday.
2021-11-30
Category: India, Maharashtra,Business/Economy
PhonePe 'SafeCard' enables businesses to implement tokenisation easily
Bengaluru, Nov 30 (IANS) PhonePe, Indias leading digital payments platform, on Tuesday announced that its SafeCard tokenisation solution for online businesses enables their end customers to experience the convenience of saved card transactions with added security.
2021-11-30
Category: India, Karnataka,Business/Economy,Technology
$US reverses losses as risk sentiment improves
New York, Nov 30 (IANS) The US dollar rose in late trading as investors' concern over Covid-19 variant Omicron recedes.
2021-11-30
Category: International, United States,Business/Economy,Health/Medicine
Omicron Covid-19 variant poses downside risks to US economy: Fed Chief
Washington, Nov 30 (IANS) The recent rise in Covid-19 cases and the emergence of the Omicron variant pose downside risks to US employment and economic activity and increased uncertainty for inflation, Federal Reserve Chairman Jerome Powell said in a written testimony.
2021-11-30
Category: International, United States,Business/Economy,Health/Medicine
Ukraine's farm trade with Asia soars 20% in January-September
Kiev, Nov 30 (IANS) The agricultural products trade between Ukraine and Asian countries reached $10 billion in January through September 2021, soaring 20 per cent year-on-year, official figures have showed.
2021-11-30
Category: International, Ukraine,Business/Economy
German car trade falls sharply due to lack of chips, delivery bottlenecks
Berlin, Nov 30 (IANS) Germany's passenger car exports in the third quarter (Q3) of this year declined 17.2 per cent year-on-year to 23.1 billion euros ($26 billion) due to lack of chips and other delivery bottlenecks, while electric cars recorded strong gains, according to the Federal Statistical Office (Destatis).
2021-11-30
Category: International, Germany,Business/Economy
Pakistani rupee falls to all-time low against $US
Islamabad, Nov 30 (IANS) Devaluation of the Pakistani rupee against the US dollar continued as the greenback touched an all-time high of 176.20 rupees in interbank trading, figures from the State Bank of Pakistan revealed.
2021-11-30
Category: International, Pakistan,Business/Economy
Fiscal Push: India's Q2FY22 GDP growth seen between 7-9%
New Delhi, Nov 29 (IANS) Healthy monsoon season along with pent-up demand are expected to accelerate India's Q2FY22 GDP growth rate to over 7 per cent during Q2FY22, experts said.
2021-11-29
Category: India, Delhi,Business/Economy
SC allows criminal proceedings against mining firm MD for illegal export
New Delhi, Nov 29 (IANS) The Supreme Court on Monday junked a petition by the Managing Director of Canara Overseas Ltd challenging criminal proceedings initiated against him and others for alleged illegal export of iron ore from Karnataka's Belekere port in 2009-10, and causing a loss of Rs 3.27 crore to the state exchequer.
2021-11-29
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
JM Financial gives 'sell' call for Paytm stocks with target price of Rs 1,240
New Delhi, Nov 29 (IANS) Brokerage house JM Financial has given a 'sell call for One97 Communications-owned Paytm, with a target price of Rs 1,240.
2021-11-29
Category: India, Delhi,Business/Economy
High dividend payer Aurum Proptech's share up over 100% in Nov
New Delhi, Nov 29 (IANS) Consulting and software service provider firm Aurum Proptech has doubled its investors' wealth in the month of November.
2021-11-29
Category: India, Delhi,Business/Economy
Value buying lifts equity indices, IT stocks rise (Roundup)
New Delhi, Nov 29 (IANS) Value buying as well as expectations of a robust Q2FY22 GDP growth numbers lifted India's key equity indices -- S&P BSE sensex and NSE Nifty50 -- on Monday.
2021-11-29
Category: India, Delhi,Business/Economy
No proposal to recognise Bitcoin as currency, says Sitharaman
New Delhi, Nov 29 (IANS) The Centre has no proposal to recognise Bitcoin as a currency in the country, the Parliament was informed on Monday.
2021-11-29
Category: India, Delhi,Business/Economy,Politics
Nandal Finance to acquire Centre's 100% stake in Central Electronics
New Delhi, Nov 29 (IANS) The Centre has decided the sale of Central Electronics (CEL) to Nandal Finance and Leasing for Rs 210 crore.
2021-11-29
Category: India, Delhi,Business/Economy,Politics
Tariff hike by telcos to improve sector's revenue, cash flow
New Delhi, Nov 29 (IANS) An upward revision in prepaid tariffs by domestic telecom majors is expected to provide much-needed breather to the overall sector in the run up to the rollout of 5G services in the country.
2021-11-29
Category: India, Delhi,Business/Economy
Paytm listing debacle sparks concern from investors for other IPOs
New Delhi, Nov 29 (IANS) The Paytm listing debacle has sparked concern from investors and entrepreneurs, fearful that it could derail a string of expected Indian flotations that were supposed to cement the country's status as a leading destination for tech start-ups after the US and China, Financial Times reported.
2021-11-29
Category: India, Delhi,Business/Economy,Technology
LIC gets RBI approval to raise stake in Kotak Mahindra Bank
New Delhi, Nov 29 (IANS) Life Insurance Corporation (LIC) has received approval from the Reserve Bank of India (RBI) to increase its stake in the Kotak Mahindra Bank.
2021-11-29
Category: India, Delhi,Business/Economy
Bankrupt Sintex Industries' stocks double after RIL bid
New Delhi, Nov 29 (IANS) The stocks of Sintex Industries have been rising ever since Reliance Industries emerged as one of the bidders who showed interest to acquire the bankrupt firm.
2021-11-29
Category: India, Delhi,Business/Economy
Nissan to invest $17.6 bn in EV development over next 5 years
Tokyo, Nov 29 (IANS) As the adoption of electric vechicles enters top gear globally amid rising petrol-diesel prices, Japanese auto-maker Nissan on Monday said it will invest $17.6 billion (2 trillion Yen) in developing new EVs and battery technology over the next five years.
2021-11-29
Category: International, Japan,Business/Economy,Technology
Over dozen unicorns to participate in Vibrant Gujarat Startup Summit 2022
Gandhinagar, Nov 29 (IANS) Over a dozen global unicorns and more than 1,000 Gujarat-based startups will participate in the Unicorn Conclave, as part of the VGGS 2022 to bring the startup ecosystem of India on one platform.
2021-11-29
Category: India, Maharashtra,Business/Economy
Gurugram: 46 commercial outlets sealed for operating without licence
Gurugram, Nov 29 (IANS) A total of 46 commercial establishments at different places in Gurugram were sealed by the Municipal Corporation (MCG) on Monday after they were found to be running without valid trade licence, an MCG official said.
2021-11-29
Category: India, Haryana,Business/Economy,Immigration/Law/Rights,Politics
Ather Energy to set up 2nd manufacturing facility, targets 400K units
Bengaluru, Nov 29 (IANS) EV manufacturer Ather Energy on Monday announced it has commissioned second manufacturing facility in Hosur, Tamil Nadu, to cater to the growing demand of its electric scooters in the country.
2021-11-29
Category: India, Karnataka,Business/Economy,Technology
Recovery roadmap released for New Zealand tourism
Wellington, Nov 29 (IANS) New projections for the recovery of New Zealand tourism suggest that it could be 2024 before the industry gets close to its "new normal".
2021-11-29
Category: International, United Kingdom,Business/Economy,Politics
Pakistani KP province's economic potential to be tapped through SEZs
Islamabad, Nov 29 (IANS) Authorities in Pakistan's northwest Khyber Pakhtunkhwa (KP) province are determined to tap the economic potential of the province through the development of special economic zones (SEZs), chief executive officer (CEO) of the KP Economic Zones Development and Management Company (KPEZDMC) said.
2021-11-29
Category: International, Pakistan,Business/Economy,Politics
Diesel, petrol prices unchanged since early November
New Delhi, Nov 29 (IANS) Oil marketing companies have continued to keep prices of diesel and petrol unchanged across major Indian cities post revision of duties by the Centre and state governments on the Diwali eve in early November.
2021-11-29
Category: India, Delhi,Business/Economy
Travel bans due to Omicron "hammer blow" to South Africa's local economy recovery: Official
Cape Town, Nov 29 (IANS) Travel bans on South Africa due to the new Omicron variant of the coronavirus will be "devastating" for the provincial economy as the local government is seeking for a recovery on its key tourism sector from Covid-19 impact, Western Cape provincial official said in a press release.
2021-11-29
Category: International, South Africa,Business/Economy,Politics
Equity indices fall marginally in early trade
Mumbai, Nov 29 (IANS) The 30-scrip Sensitive Index (Sensex) declined marginally on early trade session on Monday.
2021-11-29
Category: India, Maharashtra,Business/Economy
Indian Textile Inc rolls out the red carpet for UAE, rest of the world
Dubai, Nov 28 (IANS) Indian textile leaders have rolled out the red carpet to investors from the UAE and other parts of the world, urging them to become part of the country's textile success story.
2021-11-28
Category: International, United Arab Emirates,Business/Economy
Now, Reliance Jio raises prepaid tariffs by around 20% (Ld)
New Delhi, Nov 28 (IANS) After Bharti Airtel and Vodafone Idea, telecom major Reliance Jio said it would raise tariffs for its prepaid users by around 20 per cent.
2021-11-28
Category: India, Delhi,Business/Economy
Now, Reliance Jio raises prepaid tariffs by around 20%
New Delhi, Nov 28 (IANS) After Bharti Airtel and Vodafone Idea, telecom major Reliance Jio said it would raise tariffs for its prepaid users by around 20 per cent.
2021-11-28
Category: India, Delhi,Business/Economy
'New Covid variant unlikely to impact FMCG, pharma, telecom stocks'
New Delhi, Nov 28 (IANS) The emergence of a stronger variant of Covid-19 - Omicron - may not have a strong impact on performances of companies operating in fast-moving consumer goods (FMCG), pharmaceutical, and telecom sectors, say analysts.
2021-11-28
Category: India, Delhi,Business/Economy
Centre's proposed cryptocurrency 'regulation' may shift investors to equity
New Delhi, Nov 28 (IANS) The Centre's proposed Bill on cryptocurrency regulation is expected to shift a sizable number of investors to equity markets, analysts said.
2021-11-28
Category: India, Delhi,Business/Economy
RBI's recent norms may spike NPAs for NBFCs, says ICRA
New Delhi, Nov 28 (IANS) The Reserve Bank of India's recent notification on income recognition, asset classification, and provisioning norms for banks, non-banking financial institutions, and all-India financial institutions may lead to a sharp spike in the non-performing assets (NPAs) for non-banking finance companies, ICRA said.
2021-11-28
Category: India, Delhi,Business/Economy