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-
Big-ticket spending in infra, health & agri planned: FM
Sitharaman called on India Inc to awaken its animal spirit, stating that the government alone can't just meet the demand of a growing and aspirational India, and industry, too, must pitch in. -
Deficit slippage not to stoke inflation: DEA secretary
Bajaj highlighted the government’s commitment to stepping up capital expenditure, with focus on creating large-scale physical infrastructure. -
Revised guidelines for closure of sick CPSEs soon
The closure process will be monitored by an empowered group of secretaries, the DPE said on Thursday. -
Virat Kohli most valuable on ads pitch
Indian cricket team captain, Virat Kohli retained his spot as the most valuable celebrity in India for the fourth consecutive year, showed a report. Kohli, valued at $238 million in 2020, is followed by Bollywood celebs Akshay Kumar and Ranveer Singh at $119 million and $103 million respectively. -
Virat Kohli at $238 million retains top celebrity endorser spot even as overall industry takes hit
Indian cricket team captain, Virat Kohli retained his spot as the most valuable celebrity in India for the fourth consecutive year, showed a report. Kohli, valued at $238 million in 2020, is followed by Bollywood celebs Akshay Kumar and Ranveer Singh at $119 million and $103 million respectively. -
Confident that disinvestment calendar will work well: FM
Finance minister Nirmala Sitharaman on Thursday exuded confidence that the disinvestment calendar announced in the Union Budget will "work well". Addressing members of industry chamber Ficci, she said the three large areas where the big-ticket expenditure will happen are infrastructure, health and agriculture. -
Gold prices fall for fourth day in a row after customs duty cut in Budget 2021
In four days, gold has lost nearly Rs 2000 per 10 gram amid a slide in global rates and import duty cut announced in Budget 2021. Silver futures on MCX on Thursday declined 1% to Rs 67,848 per kg. The yellow metal for April delivery eased by Rs 461, or 0.96 per cent, to Rs 47,355 per 10 gram in 13,643 lots. -
January power demand highest in 3 months
India's electricity consumption rose at the fastest rate in three months in January but a sharp decline in demand for diesel, a key indicator of economic activities, and tapering petrol sales indicate economic recovery remains shaky. -
IMF welcomes India's focus on growth in Union Budget
The IMF on Thursday welcomed India's Union Budget for focussing on growth and said fiscal policy can and should play an important role in facilitating a strong and inclusive economic recovery. -
Elon Musk, back on Twitter, turns attention to Dogecoin
Cryptocurrency Dogecoin surged more than 60% on Thursday after billionaire entrepreneur Elon Musk tweeted about it, two days after he said he was to take a break from Twitter "for a while". -
January power demand highest in 3 months but diesel sales skid
India's electricity consumption rose at the fastest rate in three months in January but a sharp decline in demand for diesel, a key indicator of economic activities, and tapering petrol sales indicate economic recovery remains shaky. -
'Will transfer Rs 2.2 lakh cr NPAs to bad bank'
Financial services secretary Debasish Panda is responsible for implementing some of the key measures – from privatising two banks and a general insurer to setting up a development financial institution and faster payment of depositors stuck in ailing banks. -
'May club small airports in 3rd round of privatisation'
The third round of airport privatisation, aimed to be completed next fiscal, will cover six to ten airports. The government will this time club small, loss-making airports with profitable ones that bidders wish to acquire, aviation secretary P S Kharola said on Thursday. -
BSE m-cap crosses historic Rs 200 lakh crore-mark
The market capitalisation (m-cap) of BSE-listed companies on Thursday crossed the historic Rs 200 lakh crore mark for the first time, driven by a continuous rally in the broader market. Riding high on the bullish investor sentiment, the market capitalisation of BSE-listed companies reached a record Rs 2,00,47,191.31 crore at close of trade. -
Nirav's sister moves court to get NBW canceled
Fugitive diamond trader Nirav Modi's sister and her husband on Thursday approached a court here seeking cancellation of non-bailable warrants (NBWs) against them in the Punjab National Bank (PNB) fraud case. -
Will transfer Rs 2.2L cr NPAs to ‘bad bank’: Financial services secy
Financial services secretary Debasish Panda is responsible for implementing some of the key measures – from privatising two banks and a general insurer to setting up a development financial institution and faster payment of depositors stuck in ailing banks. -
'Govt to give Rs 1L cr additional income to farmers'
The government will provide Rs 1 lakh crore additional income to farmers that will be generated by converting waste into energy, Union petroleum and natural gas minister Dharmendra Pradhan told Rajya Sabha on Thursday. -
Interview | New ‘bad bank’ will take in at least Rs 2 lakh crore of NPAs: Chief Economic Advisor Krishnamurthy Subramanian
In an interview with Moneycontrol, Krishnamurthy Subramanian also said the measures taken by the Modi government to deal with the latest economic crisis are less inflationary than interventions by previous governments, and that some 100 crore people may be vaccinated for free. -
PM SVANidhi Scheme: Zomato to tie up with 300 street vendors in 6 cities
The PM SVANidhi Scheme was launched under the ambit of ‘AtmaNirbhar Bharat Abhiyan’. It aims at facilitating collateral free working capital loans upto Rs 10,000 of 1 year tenure, to about 50 lakh street vendors in the urban areas, including those from the surrounding peri-urban/ rural areas, to resume their businesses post COVID-19 lockdown. -
Govt to give Rs 1L cr additional income to farmers: Pradhan
The government will provide Rs 1 lakh crore additional income to farmers that will be generated by converting waste into energy, Union petroleum and natural gas minister Dharmendra Pradhan told Rajya Sabha on Thursday. -
No HSRP? Violators to be challaned after April 15 in THIS UP district
Gautam Budh Nagar district RTO administration officer AK Pandey said that the government has ordered that everyone is required to get a high security number plate before April 15. Vehicles that do not have a high security number plate after April 15, will have to pay a fine of Rs 5,000. -
MSMEs betrayed in crony-centric budget: Rahul
Describing the Union Budget as "crony-centric", Congress leader Rahul Gandhi on Thursday said the micro, small, and medium enterprises (MSMEs) were given no low interest loans or GST relief which meant that the employers of India's largest workforce were "betrayed". -
Tax on PF contribution won't impact 'real PF contributors', clarifies govt
Tax on PF contribution won't impact 'real PF contributors', clarifies govt -
Sensex rises 359 points; Nifty ends near 14,900
Equity indices continued to surge for the fourth straight session on Thursday with the benchmark BSE sensex rising over 350 points led by gains in banking and FMCG stocks. After scaling an intra-day high of 50,212, the 30-share BSE index surged 359 points or 0.71 per cent to finish at fresh peak of 50,614; while the broader NSE Nifty settled 106 points or 0.71 per cent higher at 14,896. -
Is this end of Bezos ominous question-mark emails?
Bezos, whose email address is public, receives customer complaints that he then forwards to a relevant executive whose team is responsible for fixing the problem. Sometimes landing overnight, these emails from the world's second-richest person had no salutation, no commentary or thank you - just a single question mark. -
India lines up deepwater port for rice: Report
India's southern state of Andhra Pradesh will use a deepwater port to export rice for the first time in decades amid a global shortage of the grain, according to a government order seen by Reuters, which could raise shipments this year by a fifth. -
'1.2L to be impacted by new tax proposal on PF'
Amid criticism over the pAmid criticism over the proposed tax changes for those contributing over Rs 2.5 lakh annually towards provident fund, the government on Thursday said there are only 1.2 lakh accounts of high networth individuals who contribute “huge sums”.roposed tax changes for those contributing over Rs 2.5 lakh annually towards provident fund, the government on Thursday said there are only 1.2 lakh accounts of high networth individuals who contribute “huge sums&rdquo -
Rs 103 crore top balance in PF account: Govt
Amid criticism over the pAmid criticism over the proposed tax changes for those contributing over Rs 2.5 lakh annually towards provident fund, the government on Thursday said there are only 1.2 lakh accounts of high networth individuals who contribute “huge sums”.roposed tax changes for those contributing over Rs 2.5 lakh annually towards provident fund, the government on Thursday said there are only 1.2 lakh accounts of high networth individuals who contribute “huge sums&rdquo -
Govt sticks to $5 trillion economy target; emphasis on infrastructure aimed at achieving goal: DEA Secretary Tarun Bajaj
The Budget presented by Finance Minister Nirmala Sitharaman on Monday has given a big push to infrastructure spending, monetisation of assets, ramping up of capacities in healthcare sector and agriculture sector, among others. These initiatives are aimed at reviving the economy ravaged by the COVID-19 pandemic. -
SBI Q3 standalone net falls 7% to Rs 5,196 crore: Check key highlights
The bank had posted net profit of Rs 5,583.36 crore in the October-December period of the previous fiscal.
Total income (standalone) also fell marginally to Rs 75,980.65 crore during Q3FY21, as against Rs 76,797.91 crore in the same period of 2019-20, SBI said in a regulatory filing. -
India warns rising oil prices may dampen global economic recovery
Global crude oil prices rose to their highest in about a year this week as production cuts by the Organization of the Petroleum Exporting Countries and their allies including Russia tilted the market balance towards a deficit. -
SBI net profit falls 7% to Rs 5,196 crore in Q3
State Bank of India, the country's largest lender by assets, reported a 7% fall in third-quarter profit on Thursday, hurt by higher provisions. Net profit fell to Rs 5,196 crore ($712.73 million) for the three months ended December 31. -
RIL's unit to sell Marcellus shale assets for $250m
Reliance Industries Ltd (RIL) said on Thursday its unit will sell its interest in certain upstream assets in the Marcellus shale in the United States for $250 million in cash to Northern Oil and Gas Inc. -
1,577 units of Mahindra Thar diesel variant recalled: Know recall reason, process, and cost of parts replacement
M&M said that the recall is for proactive inspection & replacement of camshaft, manufactured between September 7 and December 25, 2020 for only limited days of manufacturing, on a batch of 1,577 units of its Thar diesel variants. The company said that the this is also in compliance with SIAM’s voluntary code on vehicle recall. -
Budget 2021: Multiple amendments to change course of indirect taxes
The text of the Finance Bill, 2021 reveals that the cess is dedicated for “purposes of financing the agriculture infrastructure and other development expenditure�. -
Govt mopped up 80% more from fuel cess
The government has mopped up nearly 80% more road and infrastructure cess levied on petrol and diesel compared to what it had estimated for 2020-21. According to the budget documents, the receipts on this account increased to nearly Rs 2.3 lakh crore in the revised estimates compared to the nearly Rs 1.3 lakh crore, which was projected in the budget. -
Big EPFO update! Electronic facility for Principal Employers launched: Here are the benefits
Meanwhile, for regular EPFO subscribers, the regulatory body has made checking of balance easier from the comfort of their respective home. EPFO subscribers can do so using four different ways --check PF balance using SMS, online, missed call and UMANG App. -
World Cancer Day 2021: Check this LIC cancer cover to secure your family's health
LIC Cancer Cover is a regular premium payment health insurance plan which provides financial protection in case the Life Assured is diagnosed with any of the specified Early and/or Major Stage Cancer during the policy term. LIC’s Cancer Cover is a Non-Linked, Non-Participating, Individual, Health Insurance Plan. -
RBI MPC | Can central bank pull market down from Budget high, all eyes on policy outcome
It is expected that the MPC `will keep the key policy rate unchanged, even though there is talk of Union Budget triggering rnpolicy changes. -
Good news for SBI customers! Now register your nominee online for FD, RD, savings and current account
You need to have an account at a branch. You also need to register for the Internet banking service with the branch. Branch will provide you a Pre Printed Kit (PPK) containing username and password for first login. If you are not in a position to collect PPK in person, the bank will arrange to send a username through SMS and a mailer containing password to your registered address. -
RIL's unit to sell Marcellus shale assets for $250 million
Reliance Industries Ltd (RIL) said on Thursday its unit will sell its interest in certain upstream assets in the Marcellus shale in the United States for $250 million in cash to Northern Oil and Gas Inc. -
Petrol prices hit new record high in Delhi
Petrol prices hit a new record high on Thursday in the national capital with oil marketing companies (OMCs) raising rates by 35 paise a litre to Rs 86.65. Diesel prices were also raised by 35 paise a litre to Rs 76.83 in Delhi. -
Sensex drops over 140 points in early trade
In the previous session, the 30-share BSE benchmark ended at 50,255.75, up 458.03 points or 0.92 per cent and the broader NSE Nifty had surged 142.10 points or 0.97 per cent to its fresh closing record of 14,789.95.
Foreign portfolio investors (FPIs) were net buyers in the capital market as they purchased shares worth Rs 2,520.92 crore on a net basis on Wednesday, as per exchange data. -
Budget 2021: Government’s focus on supply-side to kick-start economic growth; more job creation on cards
Budget 2021: Government’s focus on supply-side to kick-start economic growth; more job creation on cards -
Capgemini has 19,000 open positions in India
French IT firm Capgemini has 19,000 open positions this year in India, signalling a positive hiring forecast. Sources told TOI that the funnel would have a mix of freshers and mid-level hires. And there will be hiring for both operational and technology roles, with the latter focused on new digital technologies. -
Tata Safari 2021 pre-bookings start in India at Rs 30,000: Check price, availability, specs and more
The all new Tata Safari 2021, available in 6 and 7 seater options, comes with Kryotec 2L Turbocharged 170PS Diesel Engine, plush and premium spacious interiors and top- of- the- line safety, technology and connectivity features, the company said.
Though the price of the Tata Safari 2021 SUV has not yet been made official, as per media reports, prices may start at Rs 15.5 lakh. -
Parler social network fires CEO John Matze: Report
Parler has fired the chief executive from the ultraconservative-leaning social network embroiled in controversy stemming from the deadly attack on the US Capitol, Fox News reported Wednesday. -
Govt mopped up 80% more from fuel cess than expected
The government has mopped up nearly 80% more road and infrastructure cess levied on petrol and diesel compared to what it had estimated for 2020-21. According to the budget documents, the receipts on this account increased to nearly Rs 2.3 lakh crore in the revised estimates compared to the nearly Rs 1.3 lakh crore, which was projected in the budget. -
Petrol, diesel prices hiked by 35 paise per litre after 7-day pause: Check fuel prices in metro cities on February 4, 2021
State-owned fuel retailers -- Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- had on January 6, resumed daily price revision after nearly a month-long hiatus. Since then, rates have gone up by Rs 2.34 a litre on petrol and Rs 2.36 in case of diesel. -
Bharti Airtel posts Rs 854 crore profit after six straight quarters of loss
Bharti Airtel had slipped into loss in the second quarter of 2019-20 after making provision of Rs 28,450 crore for adjusted gross revenue following a Supreme Court order. The company had posted its biggest net loss of Rs 23,045 crore in the quarter ended September 2019.
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