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-
Non-food credit grows 7.3% in November, fastest since January 2020
In recent months, loan growth has been driven in large part by retail loans, especially in the housing segment, and enterprise credit granted to small businesses under the emergency credit line guarantee scheme. -
USTR visit: India, US to focus on market access, revival of key trade meet
US trade representative Katherine Tai’s two-day visit starting November 22, her first as the chief trade negotiator of the US, will also set the stage for the revival of the annual bilateral trade policy forum meeting, which last took place in Washington DC in 2017, said the source. -
Growth push: Lend without fear, I’m with you, PM Modi tells bankers
PSBs have recovered as much as Rs 5 lakh crore in the last few years, Modi said, adding that such news doesn’t make as many headlines as the fleeing of a few defaulters from the country. -
First estimate pegs cost of India's net zero goal at $10 trillion
India’s 2070 net-zero goals would need cumulative investments of more than $10 trillion, which is more than three times the current size of the country’s economy, but could face a investment shortfall of $3.5 trillion, according to the first-ever investment estimates for the country’s climate pathway prepared by climate energy think-tank CEEW Centre for Energy Finance (CEEW-CEF). -
BSNL asks TCS to comply with 4G tender norms, finish equipment tests within deadline
BSNL has asked Tata Consultancy Services (TCS) to provide equipment as per its 4G tender norms and complete their testing within the extended deadline of December 31. -
Unilever bags $5 billion deal with CVC for tea business
Unilever Plc has agreed to sell its global tea business to CVC Capital Partners for 4.5 billion euros ($5.1 billion), concluding a process of reviewing and spinning off the division that took more than two years. -
India says 'no use' as US asks Asian giants to tap oil reserves
Oil prices slipped below their seven-year highs of $80 a barrel on Thursday after reports from Washington said the US has sought a co-ordinated release of strategic crude reserves by India, China, Japan and South Korea with a view to taming prices, a move New Delhi said was futile as it would have little impact. -
Domestic air passenger volume spikes 70.5% in Oct
Domestic air passenger volume spiked 70.46 per cent in October to 89.85 lakh over the same month of 2020, DGCA data showed on Thursday. The Indian carriers had flown 52.71 lakh passengers in October last year. -
Aadhaar Card Update: Here’s how to change old photo in Aadhaar in few steps
You can easily change or update the photo on your Aadhaar Card. -
Domestic air passenger volume spikes 70.5% to 89.85 lakh in October
Domestic air passenger volume spiked 70.46 per cent in October to 89.85 lakh over the same month of 2020, DGCA data showed on Thursday. The Indian carriers had flown 52.71 lakh passengers in October last year. -
Elin Electronics IPO: Firm files Rs 760-crore IPO papers with SEBI
Elin Electronics has filed preliminary papers with capital markets regulator markets Sebi to raise Rs 760 crore through an initial share sale. -
Public goods creation not focussed on enough in past decades: CEA Krishnamurthy Subramanian
The government should not think of public goods as only those that enable human capital such as healthcare and education, but also needs to think in terms of physical and digital public goods, said Subramanian. -
RBI working group suggests separate law to prevent illegal digital lending via apps
The RBI working group has suggested the enactment of separate legislation to prevent illegal digital lending through apps. -
PM#39;s Economic Advisory Council meets, expects a GDP growth of 7-7.5% in FY23
The council members were optimistic about real and nominal growth prospects in 2022-23. -
Procurement Reforms | New bidding process is not at the cost of the existing L1 system
Be it the L1 system, or the QCBS, or the fixed system, these are just one aspect of the complex procurement process. Vibrancy and maturity of commodity market, diffusion and innovation of technology, patenting issues, etc. are some representative issues that equally matter -
PM Kisan Yojana: Farmers can get 3 more benefits with 10th instalment, here’s how
Farmers are all set to receive the 10th instalment under PM Kisan Samman Nidhi Yojana by December 15, 2021. -
Paytm crashes over 27% on market debut
On its maiden day at the bourses, Paytm stocks tumbled over 27.26 per cent to close at Rs 1,564 as against the offer price of Rs 2,150.In fact, the stock hit its lower circuit limit of Rs 1,564 on the BSE during late afternoon deals. When a stock hits its lower circuit limit, purchases by investors are restricted only to that price or higher. -
Sensex slumps 372 points; Nifty drops below 17,800
The 30-share index ended 372.32 points or 0.62 per cent lower at 59,636.01. Similarly, the NSE Nifty fell 133.85 points or 0.75 per cent to 17,764.80. -
Paytm IPO: Investors lose Rs 35,000 crore within hours after a weak debut
Paytm IPO: Paytm's weak debut on Indian bourses has brought investors wealth down by Rs 35,000 crore. -
Banks need to support wealth, job creators: PM Modi
Prime Minister Narendra Modi on Thursday said that banks are in a much better financial position today and urged them to support wealth and job creators in the country. -
Rs 10,480 crore investment in Howrah in 2 years to create 1 lakh jobs: Mamata Banerjee
Addressing a review meeting in the district, Banerjee said 882 new projects would come up in Howrah in the next two years. -
High shipping costs to push up global inflation, UN warns
The surge in freight rates is likely to push up global consumer prices by an additional 1.5 per cent should they remain high for the next year, according to estimates -
Government reforms have transformed banking sector, says PM Narendra Modi
PM Narendra Modi was speaking at symposium to 'Build Synergy for Seamless Credit Flow and Economic Growth' -
Breaking: Govt reforms have transformed banking sector, says PM Narendra Modi
PM Narendra Modi speaking at symposium to 'Build Synergy for Seamless Credit Flow and Economic Growth'. -
7th Pay Commission latest update: Modi govt's big decision on HRA likely this New Year, check category and city-wise pay band
Check out the percentage of House Rent Allowance (HRA) pay band calculation for Railway Employees based on 7th pay commission. -
Income Tax refunds of Rs 1.19 lakh crore issued so far this fiscal
This includes 67.99 lakh refunds of AY 2021-22, amounting to Rs 13,140.94 crore. -
7th Pay Commission latest update: Modi govt's big decision on HRA likely this New Year, check category wise pay-band
Check out the percentage of House Rent Allowance (HRA) pay band calculation for Railway Employees based on 7th pay commission. -
This Fisker Ocean electric SUV promises 565 km battery range, more than Tesla Model Y
Fisker said its Ocean Ultra has an estimated driving range of 340 miles, which is priced at $49,999. In comparison, Tesla's Model Y Long Range has a driving range of 330 miles and is priced at $58,990. -
India needs $10.1 trillion investment to achieve net-zero emission by 2070: Study
At the recently concluded COP26, Prime Minister Narendra Modi announced India’s aim to achieve net-zero emissions by 2070. -
Paytm upsets investors on its stock market debut, shares plunge 21% in first day of trade
Shares were changing hands at 1,705 rupees in early morning trade versus the offer price of 2,150 rupees. -
PM Modi urges democratic nations to work together on cryptocurrency
All democratic nations must work together to ensure cryptocurrency "does not end up in wrong hands, which can spoil our youth," Indian Prime Minister Narendra Modi said on Thursday, in his first public comments on the subject. -
RBI may launch digital currency pilot next year: Report
The Reserve Bank of India's digital currency may see its pilot launch in the first quarter of the next fiscal year, a senior central bank officer said at the State Bank of India's Banking and Economic Conclave as reported by a local newspaper. -
Rakesh Jhunjhunwala backed Akasa Air: Top things to know about India's newest airline
Backed by Rakesh Jhunjhunwala, Akasa Air has placed a massive order for 72 Boeing 737 Max aircrafts at the Dubai Air Show ahead of its scheduled commercial operations in Summer 2022. -
UAE's newest budget carrier Air Arabia announces direct Abu Dhabi to New Delhi flights
Travellers from the UAE will now be able to fly direct to the Indian capital four times a week with scheduled flights to depart Abu Dhabi every Monday, Wednesday, Thursday and Saturday at 10.35 am, arriving in Delhi at 3.20 pm Indian Standard Time (IST). -
Communal politics, not butter chicken, is threatening India’s democracy
The attempt to ban the sale of non-vegetarian food across cities in Gujarat is dictated by unadulterated communal politics -
Sensex drops over 100 points in early trade; Nifty tests 17,850
Despite opening on a positive note, the 30-share index turned red to trade 112.13 points or 0.19 per cent lower at 59,896.20. Similarly, the Nifty fell 35.95 points or 0.20 per cent to 17,862.70. -
Paytm's Vijay Shekhar Sharma goes from 'ineligible' bachelor to billionaire
Last week, the 43-year-old Sharma led Paytm`s $2.5 billion initial public offering (IPO). The fintech firm has become the toast of a new India, where the first-generation of the country`s startups are making stellar stock market debuts and minting new millionaires. -
BCAS orders full body scanners by March 2022
The government has given a push for the installation of full-body scanners at airports here, after Covid significantly delayed the process. The Bureau of Civil Aviation Security (BCAS) on Tuesday (Nov 16) ordered all hypersensitive and sensitive airports to replace door frame metal detectors (DFMD) with scanners by March 2022. -
'These suckers are something else' says President Joe Biden after speeding in an electric Hummer: Watch
As part of a nationwide White House tour promoting the $1 trillion infrastructure law, Joe Biden visited the General Motors Co electric vehicle assembly plant in Detroit, driving the all-electric Hummer SUV. -
Paytm's Vijay Sharma: From 'ineligible' bachelor to billionaire
Born to a school teacher father and a home maker mother in a small city in India's most populous Uttar Pradesh state, Vijay Shekhar Sharma, who became India's youngest billionaire in 2017, still loves having tea at a roadside cart and often takes short morning walks to buy milk and bread. -
Petrol, Diesel Prices Today, November 18: Fuel prices unchanged for 15th straight day after excise duty cut, check prices in your city
Petrol and diesel prices have remained steady for the 15th straight day after the Centre lowered excise tax on fuel to bring retail rates down from record highs. -
IIT-backed Noida-based startup receives order from Tesla, to provide portable invertersdetails here
Union Minister for Roads and Highways, Nitin Gadkari earlier said that he has asked Elon Musk-run Tesla to come and manufacture electric cars in the country and the government will extend all support needed for the manufacturing facility.
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Paytm set for stock market debut today after $2.5 billion IPO
Paytm, which counts China`s Ant Group and SoftBank among its backers, raised $1.1 billion from institutional investors and last week received $2.64 billion worth of bids for the remaining shares on offer, or 1.89 times. -
US stocks: Wall Street ends lower as retailers stoke inflation fears
Wall Street benchmarks ended Wednesday lower on inflation fears and supply chain concerns stemming from retailers' earnings, with investors betting the Federal Reserve will raise interest rates sooner than expected to tame rising prices. The Dow Jones Industrial Average fell 211.17 points, or 0.58%, to 35,931.05, the S&P 500 lost 12.23 points, or 0.26%, to 4,688.67 and the Nasdaq Composite dropped 52.28 points, or 0.33%, to 15,921.57.
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