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-
'India targets major global firms for local battery manufacturing'
India plans to pitch to companies such as Tesla Inc, Samsung and LG Energy to encourage them to invest in manufacturing batteries locally, as it looks to establish a domestic supply chain for clean transport, two government sources told Reuters. -
Liquidity management by RBI pushes up CP rates
Additionally, a higher cut-off set by the central bank at VRRR auctions provided directions to the short-term rates and mutual funds, the largest investors in short-term papers, are holding back their investments for ultra-short-term debt papers expected to be issued by non-banking finance companies (NBFCs) later this week for higher returns. -
Tax revenues likely to beat forecast on strong recovery: Report
The government expects tax revenues for the current financial year to be 10% above budget, beating forecasts for the first time in four years, two officials said, as the economy powers back towards pre-pandemic levels. -
'Chip shortage may pull down auto volume growth to 11-13%'
The ongoing chip shortage is likely to moderate passenger vehicle sales growth to 11-13 per cent this fiscal, down from the earlier volume growth forecast of 16-17 per cent, delaying the industry recovery as the waiting period is increasing amid strong demand due to production curbs, says a report. -
Vande Bharat Express: Deadline for bids for 58 train sets extended
Indian Railways is hoping to roll out 75 Vande Bharat Express trains by August 2023 and over 100 by March 2024. -
Aadhaar Card Update: Aadhaar being misused? Check how to find out
However, if your Aadhaar card information is leaked, it can be used against you. -
Chip shortage may pull down auto volume growth to 11-13%: Report
The ongoing chip shortage is likely to moderate passenger vehicle sales growth to 11-13 per cent this fiscal, down from the earlier volume growth forecast of 16-17 per cent, delaying the industry recovery as the waiting period is increasing amid strong demand due to production curbs, says a report. -
Invesco restrained from calling meeting of Zee shareholders
The Bombay high court on Tuesday temporarily restrained Zee Entertainment Enterprises' top investor Invesco from calling a shareholder meeting, in a win for the TV network that sent its shares higher. -
Govt invites applications for chief economic adviser post
The government has invited applications for the post of chief economic adviser (CEA) to replace K V Subramanian, who will complete his three-year tenure next month. -
Have THIS Re 1 note? You can get more than Rs 5 lakh; here’s how
If you have this one-rupee special note, you can sell it on the ad platform Quikr. -
ESIC scheme adds 13.22 lakh new members in August 2021
Gross new enrolments with Employees' State Insurance Corporation (ESIC) were 10.74 lakh in April, 8.88 lakh in May, 10.62 lakh in June and 13.33 lakh in July this year, the latest data showed. -
Vikrant Chowdhary Joins CleverTap as company's first-ever Chief Growth Officer
Chowdhary will lead CleverTap`s integrated go-to-market (GTM) strategy globally across all commercial and enterprise segments. Increasingly, business leaders with disruptive mindsets and an eagerness to evolve are imperative for companies to succeed. -
Govt invites applications for chief economic adviser post, to replace K V Subramanian
Subramanian was appointed as CEA on December 7, 2018, while he assumed charge on December 24 in the same year. -
Vehicle Rental company Hertz orders 100,000 Tesla Model 3 electric cars, Largest order of its kind
Car rental company Hertz has announced to place an order of 100,000 electric vehicles from Tesla which will account for 20 percent of all Hertz vehicles. -
Sensex rallies 383 points; Nifty ends above 18,250
The 30-share index ended 383.21 points or 0.63 per cent higher at 61,350.26. Similarly, the NSE Nifty surged 143 points or 0.79 per cent to 18,268.40. -
LIC Jeevan Umang Policy: Invest just Rs 1,302 per month to get Rs 28 lakh
The lowest age to purchase this coverage is 90 days, with a maximum age of 55 years depending on the plan. -
Cathie Wood counters Jack Dorsey#39;s hyperinflation warning, says prices to unwind after holiday season
"In 2008-09, when the Fed started quantitative easing, I thought that inflation would take off. I was wrong. Instead, velocity - the rate at which money turns over per year - declined, taking away its inflationary sting. Velocity still is falling," Wood said. -
ZEEL-Invesco case: Bombay High Court bars Invesco from calling EGM
Invesco had called for the EGM to push for the ouster of directors Ashok Kurien and Manish Chokhani, apart from MD and CEO Punit Goenka. However, Kurien and Chokhani have already resigned from their posts, thereby, making the resolution moved by Invesco "infructuous". -
Dearness Allowance hike to 31% effective from July 1: Finance Ministry
In an office memorandum, the Department of Expenditure, under the Finance Ministry, said the term ’basic pay’ means the pay drawn as per the 7th pay commission matrix and does not include any other type of pay like special pay, etc. -
Dabur takes down ad with lesbian couple
Dabur India Limited on Tuesday withdrew the advertisement and tendered an apology for showing a lesbian couple celebrating the Hindu festival of Karwa Chauth, a day after Madhya Pradesh home minister Narottam Mishra expressed his strong objection against Fem's Karwachauth campaign and said that legal actions would be taken if the ad is not taken back by the consumer goods maker. -
SpiceJet flight from Hyderabad lands at wrong end of runway in Belgaum, Probe initiated
A SpiceJet Hyderabad-Belgaum flight landed at the wrong end of the runway at Karnataka’s Belgaum airport following which both the pilots have been derostered pending investigation. -
PM GatiShakti | Recycling assets to transform the face of India’s infrastructure
Categorical definitions, stipulated project requirements, and adherence to robust financial planning are some lessons for efficient planning, and effective implementation that India can learn from other countries -
Govt receives Rs 533 crore from 4 CPSEs as dividend
IRCON, NHPC, CONCOR and Hindustan Copper Ltd have respectively paid about Rs 148 crore, Rs 294 crore, Rs 67 crore and Rs 24 crore as dividend tranches to GoI, the DIPAM Secretary tweeted. -
India receives first LNG cargo from Yamal LNG project
The cargo was supplied by Russian gas company Gazprom under its long-term LNG sales deal with GAIL (India) Ltd, an industry source said. -
Gold Prices could again touch Rs 50,000 level by Diwali, right time to buy now?
Gold in the national capital on Monday rose by Rs 182 to Rs 47,023 per 10 gram in line with rally in international precious metal prices and rupee depreciation. -
Bumper Diwali bonanza for MSRTC employees, DA hike from 12% to 17% announced
Announcing the hike in DA of its employees to 17 per cent from existing 12 per cent, the corporation also said the October salary of employees will be paid before Diwali festival on November 1 instead of scheduled 7th day of each month. -
Flybig partners with IRCTC to offer air ticket bookings for North-Eastern States
Flybig started its operations in January 2021 offering air connectivity to multiple North-Eastern cities with Guwahati being one of the major hubs for the airline brand. -
Elon Musk’s fortune soars $36 billion in a day on Hertz order
Tesla Inc shares rose 13% on news of the Hertz order, pushing its market value past $1 trillion. Musk’s net worth of $288.6 billion is now greater than the market value of Exxon Mobil Corp or Nike Inc. -
Alibaba has lost $344 billion in world's biggest wipeout
Few people could have predicted the downward spiral for Alibaba Group Holding, when founder Jack Ma delivered a blunt criticism of China’s financial system last October. Yet one year on, the technology titan has lost a whopping $344 billion in market capitalization -- the biggest wipe-out of shareholder value globally. -
Sensex rallies over 300 points in early trade; Nifty tops 18,200
The 30-share index was trading 318.7 points or 0.52 per cent higher at 61,285.75 in initial deals. Similarly, the Nifty surged 93.75 points or 0.52 per cent to 18,219.15. -
Petrol, Diesel Prices Today, October 26: Fuel prices unchanged for second day, check rates in your city
Petrol and diesel prices on Sunday were hiked for the fifth straight day by 35 paise per litre each, pushing pump rates to new high across the country. -
Car discounts skid to a 3-yr low on supply woes
Discounts and benefits on buying a car are at a 3-year low with as many as 28 models out of a total of 88 not attracting any schemes whatsoever in 2021, compared to 21 out of 102 in 2020 and 23 out of 106 in 2019. -
7th Pay Commission: Central govt employees to get Dearness Allowance at revised rate of 31%, check pay band calculation after 3% DA hike
The increase of 3 percent dearness allowance (DA) and dearness relief (DR) hike is over the existing rate of 28 percent of the basic pay/pension would cost the exchequer Rs 9,488.70 crore per annum. -
Nitin Gadkari bats for green hydrogen; says India needs to reduce oil imports
Speaking at an event, Gadkari regretted that some countries are also using proceeds from the sale of petrol and diesel to finance terrorism. -
Tesla zooms past $1 trillion market cap
Tesla is the first carmaker to join the elite club of trillion-dollar companies that includes Apple Inc, Amazon.com Inc, Microsoft Corp and Alphabet Inc. Tesla now faces the daunting day-to-day challenge of becoming a high-volume automaker growing at a rate not seen since the early 1900s. -
Facebook profits rise amid revelations from leaked documents
Facebook announced over $9 billion in quarterly profits on Monday, hours after a US news collective published a deluge of withering reports arguing the company prioritizes its growth over people's safety. -
FM reviews capex, asks DoT to expedite digital expansion
Sitharaman reviewed the progress of the Centre’s budgetary capex, implementation of infrastructure projects and asset monetisation plans in a meeting with the ministry of civil aviation and the department of telecommunications, the finance ministry tweeted.
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