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-
Govt to set up digital unit to tackle pesky calls
With not much success in controlling pesky calls and financial frauds conducted using mobile networks, the government is getting stricter on the menace and has decided to impose penalty on the tele-marketers while disconnecting their resources in case of repeat violations. -
RBI board meet: Finance minister may allay deficit fears, stress growth push
The minister could also highlight the government’s budgetary goals to boost spending in productive assets (that won’t stoke inflation), establish a development finance institution to aid infrastructure creation and back a plan by lenders to set up a bad bank for resolution of toxic assets, among others, sources told FE. -
States fiscal deficit seen at 4.3% in FY22: India Ratings and Research
Earlier, the rating agency had forecast states’ fiscal deficit at 4.5% for FY21. It estimates the nominal GDP to grow 14.5% in FY22 and believes a gradual pick-up in revenue collections could lead to an improvement in the capital expenditure from FY22. -
Bank credit grows by 5.93%, deposits by 11.06%
Bank credit grew 5.93 per cent to Rs 107.05 lakh crore, while deposits rose 11.06 per cent to Rs 147.98 lakh crore in the fortnight ended January 29, RBI data showed. -
Byju’s may acquire Toppr for $150m as ed-tech consolidates
After being one of the main beneficiaries of the mega funding rush in the online education sector during the pandemic, ed-tech major Byju’s is now triggering consolidation in the space. It is set to acquire smaller rival Toppr in a $150 million deal, sources directly aware of the matter said. -
Tesla to make cars in India, targeting vast mkt
Tesla Inc is closing in on an agreement to make electric vehicles in India for the first time, opening up a new growth opportunity after setting up production in China. -
Govt to set up digital intelligence unit to tackle pesky calls
With not much success in controlling pesky calls and financial frauds conducted using mobile networks, the government is getting stricter on the menace and has decided to impose penalty on the tele-marketers while disconnecting their resources in case of repeat violations. -
Sensex closes above 52K mark, banking and financial stocks surge
Sensex closes above 52K mark, banking and financial stocks surge -
Tesla to start making cars in India, targeting vast market
Tesla Inc is closing in on an agreement to make electric vehicles in India for the first time, opening up a new growth opportunity after setting up production in China. -
Nigeria's Okonjo-Iweala to be 1st female WTO boss
Nigeria's Ngozi Okonjo-Iweala was on Monday appointed as the first female and first African head of the beleaguered World Trade Organization (WTO), saying a stronger WTO would be vital for the global coronavirus recovery. -
Nigeria's Okonjo-Iweala named first female, African WTO boss
Nigeria's Ngozi Okonjo-Iweala was on Monday appointed as the first female and first African head of the beleaguered World Trade Organization (WTO), saying a stronger WTO would be vital for the global coronavirus recovery. -
'Amazon asked for $40m compensation for RIL deal'
Amazon had asked for $40 million (around Rs 290.41 crore) in compensation from Future Group for the deal with Reliance Industries, and Amazon's claim of not being informed of the deal is incorrect, documents submitted to the emergency arbitrator of SIAC by the Kishore Biyani-led firm said. -
Government to set up digital intelligence unit to tackle financial irregularities
The Telecom Regulatory Authority of India (Trai) already has regulations in place to check pesky calls. However, several unregistered telemarketers still make calls to people which often also leads to fraudulent incidents. At the license service area level, Telecom Analytics for Fraud Management and Consumer Protection (TAFCOP) system will also be created. -
India's exports up 6.16% in January; imports rise 2%
India's exports up 6.16% in January; imports rise 2% -
Amazon had asked for $40 million as compensation for RIL deal: Future Group
Amazon had asked for $40 million (around Rs 290.41 crore) in compensation from Future Group for the deal with Reliance Industries, and Amazon's claim of not being informed of the deal is incorrect, documents submitted to the emergency arbitrator of SIAC by the Kishore Biyani-led firm said. -
India's exports up 6.16% in Jan; trade deficit narrows
The country's exports grew by 6.16 per cent to $27.45 billion in January, according to data by the commerce ministry. Imports too grew by 2 per cent to about $42 billion, leaving a trade deficit of $14.54 billion during the month under review, the data showed. -
'Govt shortlists 4 banks for potential privatisation'
Privatisation of the banking sector, which is dominated by state-run behemoths with hundreds of thousands of employees, is politically risky because it could put jobs at risk but Prime Minister Narendra Modi's administration aims to make a start with second-tier banks. -
Modi govt's big move! Four state-run banks shortlisted for privatisation: Reports
Two of those banks will be selected for sale in the 2021/2022 financial year which begins in April, the officials said. The shortlist has not previously been reported. The government, however, will continue to hold a majority stake in India`s largest lender State Bank of India, which is seen as a `strategic bank` for implementing initiatives such as expanding rural credit. -
EPFO update! 8.5% interest benefits not credited into your account? THIS could be the reason
Meanwhile, if you are an EPFO subscriber, you could individually check all the details regarding your provident fund. EPFO subscribers can check their PF Balance from the comfort of home using four different ways --check PF balance using SMS, online, missed call and UMANG App. -
India's cheapest compact SUV Renault Kiger launched; bookings open from today
Renault has introduced innovative ways of reaching out to customers. The Renault Virtual Assistant (RVA) will enable Renault to reach out customers across all geographies. RVA is available at the finger- tips on Whatsapp and the website. Renault Kiger is available in six colour options– Caspian Blue, Radiant Red, Moonlight Silver, Planet Grey, Ice Cool White, Mahogany Brown with DT options across the range. -
India's cheapest compact SUV Renault Kiger launched; bookings open from today
Renault has introduced innovative ways of reaching out to customers. The Renault Virtual Assistant (RVA) will enable Renault to reach out customers across all geographies. RVA is available at the finger- tips on Whatsapp and the website. Renault Kiger is available in six colour options– Caspian Blue, Radiant Red, Moonlight Silver, Planet Grey, Ice Cool White, Mahogany Brown with DT options across the range. -
Sensex finishes above 52,000-mark for first time, Nifty tops 15,300
Axis Bank was the top gainer in the Sensex pack, climbing around 6 per cent, followed by ICICI Bank, Bajaj Finance, SBI, IndusInd Bank, HDFC and Kotak Bank.
On the other hand, Dr Reddy's TCS, Tech Mahindra, HUL and Asian Paints were among the laggards. -
RBI announces Rs 10,000cr special OMOs on Feb 25
The Reserve Bank of India (RBI) said on Monday that it will conduct simultaneous sale and purchase of government bonds under special open market operations (OMOs) on February 25. -
Markets climb new peak: Sensex surges 610 points
Equity indices rallied on Monday with benchmark BSE sensex rising over 600 points led by gains in banking and financial stocks. The 30-share BSE index jumped 610 points or 1.18 per cent to close at fresh peak of 52,154. The barometer scaled an all-time high of 52,236 during the day. -
Google, FB 'close' to deals with Australian media
Google and Facebook are "very close" to deals with major Australian media to pay for news, a top government official said Monday, as the tech giants scramble to avoid landmark regulation. -
Maharashtra plans to take 15,000 crore loan from ABD for road works: Ashok Chavan
Speaking to reporters here, Chavan said the backlog in road work had gone up and the funds required would be more than what the state budget has allocated. -
Petrol, diesel prices rise for 7th consecutive day
Petrol and diesel prices maintained a northward rally on Monday, the seventh consecutive day when the retail prices have risen across the country, with oil on the boil in global markets and both crude and product prices seeing a big spike. -
Google, Facebook 'very close' to deals with Australian media
Google and Facebook are "very close" to deals with major Australian media to pay for news, a top government official said Monday, as the tech giants scramble to avoid landmark regulation. -
Rs 819-crore RailTel IPO opens tomorrow, February 16: Here is all you need to know
The initial public offer (IPO) is entirely an offer-for-sale through which government will offload 87,153,369 equity shares, amounting to 27.16 per cent stake, the company said in a statement. At the upper end of the price band, the government would raise a little over Rs 819 crore. -
WPI inflation rises to 2.03% in Jan on costlier manufactured items, food prices ease
Food inflation in January stood at (-) 2.8 per cent, against (-) 1.11 per cent in the previous month.
Inflation in vegetables and potatoes was (-) 20.82 per cent and 22.04 per cent during January, while in the fuel and power basket it was (-) 4.78 per cent. -
WPI inflation rises to 2.03% in January
The wholesale price-based inflation rose to 2.03 per cent in January, 2021, even as food prices cooled. The WPI inflation was 1.22 per cent in December, 2020 and 3.52 per cent in January last year. -
Petrol, diesel prices rise for seventh consecutive day
Petrol and diesel prices maintained a northward rally on Monday, the seventh consecutive day when the retail prices have risen across the country, with oil on the boil in global markets and both crude and product prices seeing a big spike. -
SC notice to FB, WhatsApp on privacy policy
The Supreme Court on Monday issued a notice to Facebook and WhatsApp in connection with a plea challenging its new privacy policy. It also sought responses from both the tech companies. -
Covid's decline in India sparks a shopping spree
For the home to the world’s second-largest Covid-19 outbreak, life in India is almost back to normal. Shopping mall parking lots are full again. Stores are buzzing, and there are long lines for hair salons and restaurants. -
Sensex hits 52,000-mark as markets open at record highs
Sensex hits 52,000-mark as markets open at record highs -
Renault Kiger India price to be revealed today; check features, pics and all we know so far
The ENERGY 1.0-litre 72 Ps and 96 Nm naturally aspirated engine is also available in the KIGER range, with either a five-speed manual or the EASY-R five-speed robotised gearbox AMT, which provides the comfort of clutchless driving at affordable pricing. It features a manual mode that allows the driver to drive either in fully automatic or sequential mode. -
Covid's puzzling decline in India sparks a shopping spree
For the home to the world’s second-largest Covid-19 outbreak, life in India is almost back to normal. Shopping mall parking lots are full again. Stores are buzzing, and there are long lines for hair salons and restaurants. -
Exporters don’t know refund rate in 45-day-old sop
Even after 45 days of rolling out the new scheme to refund taxes and duties paid by exporters, the finance ministry is yet to decide on the rates, amid a slugfest with the commerce department, which is keen to ensure that the new mechanism does not impact those shipping out goods from the country. -
Australian media co strikes Google news pay deal
Seven West Media has become the largest Australian news media business to strike a deal with Google to pay for journalism in a partnership announced on Monday before the nation’s Parliament considers draft laws to force digital giants to pay for news. -
Petrol, Diesel Prices Today, February 15, 2021: Fuel prices at record high, petrol prices near Rs 89/litre in Delhi; check prices in metro cities
Central government makes up for Rs 32.98 per litre of the price of petrol in Delhi and sales tax or VAT of the state government constitutes Rs 19.55.
For diesel, the central excise adds up to Rs 31.83 and VAT to Rs 10.99. Besides, the price also includes a dealer commission of a minimum Rs 2.6 per litre on petrol and Rs 2 on diesel. -
Senior citizens#39; special fixed deposit scheme: Latest FD interest rates of SBI, ICICI, BoB, HDFC Bank
This special FD scheme was launched in May to safeguard the interests of senior citizens as the interest rates were falling rapidly amid the coronavirus pandemic. -
Sensex hits 52,000-mark for first time ever, Nifty at new lifetime high
The BSE Sensex rallied 463.71 points to of 52,008.01 in opening session while the NSE Nifty surged 126.25 points to record 15,289.55.
MSCI`s broadest index of Asia-Pacific shares outside Japan jumped 0.4% to 736.4. Japan`s Nikkei climbed 1.1%, despite data showing the country`s recovery from its worst postwar recession slowed in the fourth quarter. -
Amazon wanted $40m to drop first refusal right: Future
US e-tail giant Amazon had asked for $40 million to forego its “right of first refusal” to buy Future Group’s assets in Future Retail, the Indian retailer has alleged in documents submitted with the Singapore International Arbitration Centre (SIAC). -
Auto companies to hike prices again as steel rates soar
The increase in raw material costs is set to trigger a second round of price hikes in the auto industry with manufacturers indicating a markup of 1-3%. Mahindra & Mahindra, Eicher Motors and Ashok Leyland may hike prices in April-May to neutralise the pinch of the sharp rise in costs of steel, aluminium and other metals. -
Your CTC structure likely to be overhauled as govt set to implement new wages code
On February 8, Labour Secretary Apurva Chandra in a media briefing said that he Ministry of Labour and Employment is likely to complete the process to finalise the rules under the four labour codes paving the way for making reforms are reality soon. -
Govt eases curbs on steel for highway construction to reduce cost
Earlier, the contract provisions required use of steel produced by primary/integrated steel producers only. The move is aimed at ensuring cost reduction in highways construction using steel. -
Finance Ministry to infuse Rs 3,000 crore in general insurance companies this quarter
Last year, the Union Cabinet headed by Prime Minister Narendra Modi cleared proposal to provide capital support to National Insurance, Oriental Insurance and United India Insurance. -
Major Australian media company strikes Google news pay deal
Seven West Media has become the largest Australian news media business to strike a deal with Google to pay for journalism in a partnership announced on Monday before the nation’s Parliament considers draft laws to force digital giants to pay for news. -
Amazon wanted $40 million to drop its 'right of first refusal': Future
US e-tail giant Amazon had asked for $40 million to forego its “right of first refusal” to buy Future Group’s assets in Future Retail, the Indian retailer has alleged in documents submitted with the Singapore International Arbitration Centre (SIAC). -
Only cyclical, structural recovery some time away
In the meantime, India Ratings says gross fixed capital formation in 2021-22 will be about 25% lower than the trend level.
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