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Driving growth: FM Nirmala Sitharaman to brainstorm with chief ministers and state finance ministers
Implementation of NIP would accelerate annual investment in the country from about Rs 12 lakh crore/annum (Centre, states and privates sector) to about Rs 20 lakh crore/annually, Seth added. -
Droom IPO: Automobile marketplace files Rs 3,000-crore IPO papers
Droom has filed preliminary papers with capital markets regulator Sebi to raise Rs 3,000 crore through an initial share-sale. -
Toshiba plans to split into three after wave of scandals
Toshiba Corp outlined plans on Friday to split into three companies in an attempt to appease activist shareholders calling for a radical overhaul of the Japanese conglomerate after years of scandals. -
Johnson & Johnson plans to split into two companies
Johnson & Johnson is splitting into two companies, peeling off the division selling Band-Aids and Listerine from its medical device and prescription drug business. The world’s biggest maker of health care products, founded in 1886, said Friday the move will help improve the focus and speed of each company to address trends in their different industries. -
Forex reserves decline $1.14 billion to $640.8 billion
India's forex reserves decreased by $1.145 billion to $640.874 billion for the week ended on November 5 on a fall in currency and gold assets, the Reserve Bank said on Friday. The overall reserves had increased by $1.919 billion to $642.019 billion for the previous reporting week. -
RBI asks banks not to standardise bad loans on just getting interest payments
The Reserve Bank of India has tightened the norms for recognition of dud assets and directed lenders not to standardise an NPA account after getting only interest payment. -
SpiceJet loses Rs 562 crore in Q2
Low cost carrier SpiceJet has reported a loss of Rs 561.7 crore in the July-September 2021 quarter, up from a loss of Rs 112.6 crore in same period last year but a sharp reduction from the loss of Rs 729 crore this Q1 (April-June). -
ONGC reports highest ever net profit by any corporate in Q2
State-owned Oil and Natural Gas Corporation (ONGC) on Friday reported the highest ever quarterly net profit by any Indian firm of over Rs 18,347 crore as it made a one-time tax gain on opting for a lower rate regime. -
Indian economy back in action, says Piyush Goyal
Indian economy is back in action and it is clear from several indicators such as rising exports and increasing foreign direct investment (FDI) inflows into the country, commerce and industry minister Piyush Goyal said on Friday. -
Greater Noida Authority to conduct another round of talks between builders, home buyers, check meeting dates
Greater Noida Industrial Development Authority said that the next round of talks would begin from November 15. -
6.47 crore EPFO subscribers receive interest on PF investments, here’s how to check account balance
EPFO said that 6.47 crore accounts have been credited with an interest of 8.50% for the FY 2020-21. -
Sitharaman to meet chief ministers, state FMs on Monday
Union finance minister Nirmala Sitharaman will on Monday meet chief ministers and state finance ministers to discuss measures to attract private investments to help boost the economy. -
Amazon completes Fresh, Pantry integration; single online grocery store Amazon Fresh goes live
Amazon has completed the integration of its two grocery stores - Fresh and Pantry - into a single unified store called Amazon Fresh in India. -
Industrial production grows 3.1% in September: National Statistical Office
India's industrial production jumped 3.1 per cent in September 2021. -
Retail inflation rises marginally to 4.48% in October
Retail inflation based on consumer price index (CPI) for the month of October rises marginally to 4.48 per cent as against 4.35 per cent recorded in September, data released by government showed on Friday. The inflation numbers have remained within the Reserve Bank of India's (RBI) comfort zone for fourth straight months now. -
'Ombudsman scheme to provide cost-free redress complaints'
The Integrated Ombudsman Scheme, 2021, will provide cost-free redress of customer complaints involving deficiency in services rendered by entities regulated by the RBI, if not resolved to the satisfaction of the customers within 30 days by banks, NBFCs, and payment system operators. -
Johnson & Johnson plans to split into two separate firms
Johnson & Johnson is splitting into two companies to separate the division selling Band-Aids and Listerine from its medical device and prescription drug business. -
Retail sales up 34% in October; jewellery, Apparel segments make recovery: Retailers Association of India
Retail sales in October 2021 grew by 34 per cent compared to October 2020, according to the Retailers Association of India (RAI). -
September IIP rises 3% as low base effect wears off
Measured by the Index of Industrial Production (IIP) data, which was released by the Centre on November 12, industrial output maintained growth in the latest month even though the headline figures fell. -
Rakesh Jhunjhunwala Portfolio: Big Bull bullish on THIS stock, should you invest?
Rakesh Jhunjhunwala has added three new stocks to his portfolio in the quarter ending September 2021. -
Ombudsman scheme to provide cost-free redress of customer complaints: RBI
The Integrated Ombudsman Scheme, 2021, will provide cost-free redress of customer complaints involving deficiency in services rendered by entities regulated by the RBI, if not resolved to the satisfaction of the customers within 30 days by banks, NBFCs, and payment system operators. -
Sensex rallies 767 points, Nifty ends above 18,100
The 30-share index ended 767 points or 1.28 per cent higher at 60,686.69. Similarly, the Nifty rose 229.15 points or 1.28 per cent to 18,102.75. -
Sensex jumps 767 points; Nifty ends above 18,100
Equity indices jumped on Friday with the benchmark BSE sensex rising over 750 points led by gains in IT and realty stocks. The 30-share BSE index surged 767 points or 1.28 per cent to close at 60,687. While, the broader NSE Nifty settled 229 points or 1.28 per cent to close at 18,103. -
Post Office to sell 2 insurance schemes in partnership with Bajaj Allianz, check how you can benefit
Bajaj Allianz Life Insurance will leverage the IPPB's extensive network to sell its insurance products. -
Sensex jumps 767 points to close at 60,687 led by gains in IT, realty stocks: Nifty ends above 18,100
Equity indices jumped on Friday with the benchmark BSE sensex rising over 750 points led by gains in IT and realty stocks. The 30-share BSE index surged 767 points or 1.28 per cent to close at 60,687. While, the broader NSE Nifty settled 229 points or 1.28 per cent to close at 18,103. -
EPFO Big update! Money for dependent or nominee due to accidental death doubled to Rs 8 lakh --Details here
The amount of Ex-gratia death Relief Fund has been enhanced from Rs. 4.20 Lakh to Rs 8.00 Lakh. -
Nirmala Sitharaman to meet CMs, state FMs on Nov 15, will discuss measures to attract private investments
Economic Affairs Secretary Ajay Seth said that Nirmala Sitharaman's discussion with state finance ministers will focus on easing norms on land and water use for attracting private investments -
Porsche Taycan electric sportscar with 484 km range launched in India, priced at Rs 1.50 crore
Porsche Taycan is the first all-electric car from the German sportscar maker and made its debut in 2019 for the global markets. Porsche is offering Taycan in two body types and seven variants in total. -
PF Subscribers alert! Check how to activate your UAN number in 5 simple steps
Activation of the UAN Number is very easy. Follow these 5 simple steps. -
Nirmala Sitharaman to interact with CMs of states, UTs on Nov 15, will discuss capex, big-ticket infra projects
Finance Secretary TV Somanathan said there is a lot of positive sentiment from global investors regarding investment in infrastructure. -
FM Nirmala Sitharaman to interact with CMs of states, UTs on Nov 15, will discuss capex, big-ticket infra projects
Finance Secretary TV Somanathan said there was a lot of positive sentiment from global investors regarding investment in infrastructure. -
Huge opportunities for Korean firms in India#39;s startup ecosystem: Piyush Goyal
"Today India is the preferred destination for investments. Our exports are at an all-time high, our economy is bouncing back and will possibly see one of the fastest growth rates across the world," he added. -
Royal Enfield Hunter 350 spied testing again: All you need to know about the upcoming motorcycle
After the launch of new Meteor and the new Classic 350, Royal Enfield is now planning to launch the Hunter 350, another new motorcycle from the stable of one of the most iconic bike makers in India. -
I hold RIL stock, says SC judge in Future dispute
Lawyers in the high stakes Future-Amazon-Reliance litigation on Thursday recorded ‘no objection’ to an SC judge being part of a three-judge bench headed by CJI N V Ramana despite her declaration that she and her family members held shares in Reliance Group. -
PM Modi launches 2 RBI Schemes, says they will make access to capital markets secure and easier for investors
The RBI Retail Direct Scheme is aimed at enhancing access to government securities market for retail investors and offers them a new avenue for directly investing in securities issued by the Government of India and the State Governments. -
'RBI's initiatives will increase investment avenues'
Prime Minister Narendra Modi on Friday launched two innovative, customer-centric initiatives of the Reserve Bank of India (RBI), the Retail Direct Scheme and the Integrated Ombudsman Scheme. The schemes are aimed at easing access to government securities market for small retail investors, and for faster grievance redressal. -
Air travel seeing swift recovery: IndiGo CEO
India is witnessing a swift recovery in domestic air travel as the pandemic subsides. The country’s biggest airline IndiGo is now operating more domestic flights on peak travel days like weekends or holidays than it did before Covid, on the back of increased connections to smaller cities. -
Gold ETFs attract Rs 303 crore in October on festive season demand
This was, however, lower than the net inflow of Rs 446 crore seen in September. Before this, the segment saw a net inflow of Rs 24 crore in the previous month, data with Association of Mutual Funds in India (Amfi) showed. -
Exclusive: EPFO likely to update Central board about investigation, audit following Mumbai PF fraud
EPFO is likely to provide details of the PF fraud in a Mumbai regional office, the progress in accounts audit, and the ongoing CBI investigation in the case to the central board when it meets on 20 November. At least one board member has sought details. -
Sensex jumps over 400 points in early trade; Nifty tests 18,000
The 30-share index was trading 400.87 points or 0.67 per cent higher at 60,320.56 in initial deals. Similarly, the Nifty rose 120.10 points or 0.67 per cent to 17,993.70. -
Petrol, Diesel Prices Today, November 12: Fuel prices unchanged for 8th straight day after excise duty cut, check prices in your city
Petrol and diesel prices have remained steady for the eighth straight day after the Centre lowered excise tax on fuel to bring retail rates down from record highs. -
All about RBI Retail Direct Scheme that PM Modi is launching today
The RBI Retail Direct Scheme is aimed at enhancing access to government securities market for retail investors. -
Petrol, Diesel Prices Today, November 12: Fuel prices unchanged for 8th straight day, check prices in your city
Petrol and diesel prices have remained steady for the eighth straight day after the Centre lowered excise tax on fuel to bring retail rates down from record highs. -
Is your electric car as eco-friendly as you thought? Questions arise on energy sources to charge EVs
Countries where charging an electric vehicle is over 85% cleaner than driving a gasoline-powered car tend to be those with a consistent low-carbon energy supply source, namely hydroelectric or nuclear. -
GST collection surge in October shows economy on recovery path: Minister
Goods and Services Tax (GST) collection remained above Rs 1 lakh crore for the fourth month in a row at over Rs 1.30 lakh crore in October, indicating the impact of festive buying. -
Investment in social sectors crucial for sustained economic growth: NITI Aayog CEO Amitabh Kant
Amitabh Kant also expressed concern about the state of nutrition among children as he pointed out that it is happening because of lack of "convergence" between various departments. -
PM Modi to launch RBI Retail Direct Scheme and the Reserve Bank - Integrated Ombudsman Scheme today
PM will launch these two innovative customer centric initiatives of RBI via video conferencing today. -
Fishery subsidy: New WTO text tilted in favour of developed nations
Ambassador Santiago Wills of Colombia, who is the chair of the negotiating group on rules, introduced to heads of delegations the revised draft text on Monday for clause-by-clause negotations. -
Launch by PM Modi today: New RBI scheme to enable retail investors to invest in government securities
Under the Retail Direct scheme, people can invest in central government securities, treasury bills, state development loans and sovereign gold bonds through a portal. -
Higher growth hinges on digital, green tech: Amitabh Kant, NITI Aayog CEO
Terming the upcoming new education policy path-breaking, he said that lots of stress has been given on skill development initiatives as well as online learning in the policy to reach out to the vast population of the country.
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