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Headline
PLI scheme to attract Rs 5K cr for drone manufacturing: Minister
New Delhi, Sep 16 (IANS) The Centre's PLI scheme for manufacturing of drone and its components is expected to drive in investments worth Rs 5,000 crore into the sector in the next three years, Civil Aviation Minister Jyotiraditya M. Scindia said on Thursday.
2021-09-16
Category: India, Delhi,Business/Economy
Aggregate demand gains firmer ground: RBI August Bulletin
New Delhi, Sep 16 (IANS) Prospects have brightened for India's economy as the impact of second Covid wave wane and aggregate demand gains firmer ground, the Reserve Bank of India (RBI) said in its monthly Bulletin for August 2021.
2021-09-16
Category: India, Delhi,Business/Economy
Over 59 companies apply to avail incentives under 'White Goods' component PLI
New Delhi, Sep 16 (IANS) The Centre on Thursday said that 52 companies have applied to avail PLI scheme to incentivise the domestic manufacturing of 'White Goods' components.
2021-09-16
Category: India, Delhi,Business/Economy
Moratorium under IBC applicable to corporate debtor, not its promoters: SC
New Delhi, Sep 16 (IANS) The Supreme Court on Thursday held the moratorium under provisions of the Insolvency and Bankruptcy Code (IBC), which restrains initiation of any fresh proceedings or discontinuance of existing ones, does not protect the promoters of the stressed company, but applies only to the corporate debtor.
2021-09-16
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
SBI reduces home loan rate to 6.70%
Mumbai, Sep 16 (IANS) Lending major State Bank of India on Thursday launched credit score-linked home loans at 6.70 per cent, irrespective of the amount.
2021-09-16
Category: India, Maharashtra,Business/Economy
Boardroom brawl at ZEEL: Management stands behind directors against two largest shareholders
New Delhi, Sep 16 (IANS) The boardroom brawl at Zee Entertainment Enterprises Ltd (ZEEL) took an interesting turn on Thursday with the company's current board standing behind two of its former Directors Ashok Kurien and Manish Chokhani who resigned just days before a call was given by two of its largest shareholders for an extraordinary general meeting to fire some existing directors, including Chief Executive Officer Punit Goenka who is the son of Essel Group founder and chairman Subhash Chandra.
2021-09-16
Category: India, Delhi,Business/Economy,Media
Telangana aims to double IT exports in five years
Hyderabad, Sep 16 (IANS) The Telangana government on Thursday unveiled its information technology policy 2021-26, aimed at doubling the IT exports to over Rs 3 lakh crore in the next five years.
2021-09-16
Category: India, Andhra Pradesh,Business/Economy,Technology
India's domestic air passenger traffic rises in August
New Delhi, Sep 16 (IANS) Easing Covid travel restrictions along with pent-up demand and low base lifted India's domestic air passenger traffic in August.
2021-09-16
Category: India, Delhi,Business/Economy
PLI Push: Sensex crosses 59K-mark; Telecom stocks soar (Roundup)
Mumbai, Sep 16 (IANS) India's key stock indices rose to record high levels on Thursday, a day after the government announced support measures for some beleaguered sectors along with provisions for PLI schemes for others.
2021-09-16
Category: India, Maharashtra,Business/Economy
Govt approves Rs 30,600 cr sovereign guarantee to operationise bad bank
New Delhi, Sep 16 (IANS) The government has approved providing Rs 30,600 crore as state guarantee for the security receipts issued by the bad bank, National Asset Reconstruction Company Ltd (NARCL).
2021-09-16
Category: India, Delhi,Business/Economy
JAM trinity catapulted banking to a different level: Nirmala Sitharaman
Aurangabad (Maharashtra), Sep 16 (IANS) Union Finance Minister Nirmala Sitharaman on Thursday said that the 'JAM' (Jan Dhan-Aadhaar-Mobile) trinity has been a game changer for India, enabling them to take forward financial inclusion in a futuristic format.
2021-09-16
Category: India, Bihar,Business/Economy,Politics
Airtel challenge against DoT's demand of Rs 1,400 Cr
New Delhi, Sep 16 (IANS) The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) heard on Thursday Airtel's challenge against DoT's demand of approximately Rs 1,400 crore raised in terms of the AGR Judgement dated September 1, 2020 passed by the Supreme Court.
2021-09-16
Category: India, Delhi,Business/Economy
Telecom package could dent sector inflows by Rs 26K cr
New Delhi, Sep 16 (IANS) Government's telecom sector package could put pressure of country's fiscal health in FY22 with expectation of wider slippages on the deficit.
2021-09-16
Category: India, Delhi,Business/Economy
Inflation moderating from May's shock spike: RBI Dy Guv
Mumbai, Sep 16 (IANS) India's inflation level is moderating from the shock spike of May, said RBI's Deputy Governor Michael Debabrata Patra on Thursday.
2021-09-16
Category: India, Maharashtra,Business/Economy
Record highs: Sensex crosses 59k mark; Telecom stocks soar (Ld)
Mumbai, Sep 16 (IANS) India's key stock indices rose during mid-afternoon trade session on Thursday to reach new intra-day record high levels.
2021-09-16
Category: India, Maharashtra,Business/Economy
PFC issues India's first-ever Euro Green Bonds
New Delhi, Sep 16 (IANS) Power sector financier Power Finance Corporation Ltd has issued its maiden Euro 300 million 7 year Euro Bond issuance on September 13.
2021-09-16
Category: India, Delhi,Business/Economy
PLI schemes buoy equities; telecom stocks' rise
Mumbai, Sep 16 (IANS) India's key stock indices rose during afternoon trade session on Thursday a day after the government announced support measures for some beleaguered sectors along with provisions for PLI schemes for others.
2021-09-16
Category: India, Maharashtra,Business/Economy
Govt's PLI scheme to boost EV two-wheeler manufacturing
New Delhi, Sep 16 (IANS) Government's productivity linked incentive (PLI) scheme for auto and auto component industry will benefit the electric vehicle (EV) segment immensely, especially the two-wheelers, which can see rapid adoption over the coming years providing incumbents an opportunity to step up their game.
2021-09-16
Category: India, Delhi,Business/Economy
Hindustan Copper OFS opens for non-retail investors
New Delhi, Sep 16 (IANS) The offer for sale of government equity in Hindustan Copper opened on Thursday amid hype of a good response from investors.
2021-09-16
Category: India, Delhi,Business/Economy
Govt seeks Rs 8-10 lakh crore valuation for LIC
New Delhi, Sep 16 (IANS) India is seeking a valuation of between Rs 8 trillion ($109 billion) and Rs 10 trillion for the state-backed Life Insurance Corporation in what's slated to be the nation's biggest initial public offering, Bloomberg reported.
2021-09-16
Category: India, Delhi,Business/Economy
Ola Electric sells scooters worth Rs 600cr in a day
New Delhi, Sep 16 (IANS) Ola Electric on Thursday announced that it has sold e-scooters worth 600 core in a day, since Wednesday when the purchase window was opened.
2021-09-16
Category: India, Delhi,Business/Economy
OMCs hold petrol, diesel price revision even as global crude rates rise
New Delhi, Sep 16 (IANS) Auto fuel prices in the country have maintained stability amid volatility in global oil prices with crude on the boil again, rising sharply for the past few days.
2021-09-16
Category: India, Delhi,Business/Economy
UNCTAD projects fastest global economy growth in 50 years
Geneva, Sep 16 (IANS) The global economy is expected to bounce back this year with a growth of 5.3 per cent, the fastest in nearly five decades, the UN Conference on Trade and Development (UNCTAD) said.
2021-09-16
Category: International, United Arab Emirates,Business/Economy,Politics
GST Council meeting in Lucknow on Friday
Lucknow, Sep 16 (IANS) Union Finance Minister Nirmala Sitharaman will preside over the 45th meeting of the Goods and Services Tax (GST) Council in Lucknow on Friday.
2021-09-16
Category: India, Uttar Pradesh,National,Business/Economy
One principal object of IBC to revive debtor, liquidation last resort: SC
New Delhi, Sep 15 (IANS) The Supreme Court on Wednesday said that one of the principal objects of the Insolvency and Bankruptcy Code (IBC) is providing for revival of the corporate debtor, and liquidation should be the last resort.
2021-09-15
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
Divestment Flight: Centre receives financial bids for Air India
New Delhi, Sep 15 (IANS) The Centre on Wednesday received multiple financial bids for divestment of national carrier Air India.
2021-09-15
Category: India, Delhi,Business/Economy,Politics
Industry hails 'path breaking' telecom reforms
New Delhi, Sep 15 (IANS) The telecom industry has lauded the Union Cabinet's approval for reform and relief measures for the sector.
2021-09-15
Category: India, Delhi,Business/Economy
Overseas exposure of India MFs rised amid pandemic
Mumbai, Sep 15 (IANS) Indian mutual fund companies are increasingly going global with their share of foreign assets and liabilities seeing substantial jump in last one year.
2021-09-15
Category: India, Maharashtra,Business/Economy
Pak rupee under pressure since Taliban takeover of Afghanistan
New Delhi, Sep 15 (IANS) The Pakistani rupee has hit a new all-time low as some analysts see the regime change in Afghanistan weighing on the rupee as well, apart from domestic factors, The News reported.
2021-09-15
Category: India, Delhi,Business/Economy,Indo-Pak/Pakistan
CAIT launches campaign against arbitrariness of big foreign e-tailers
New Delhi, Sep 15 (IANS) Calling for a decisive fight against the 'gross violation' of laws and rules of the country right under the nose of the government by the big foreign e-commerce companies, the Confederation of All India Traders (CAIT) on Wednesday launched a month-long national campaign, 'E-Commerce Per Halla Bol', in which local trade bodies under the banner of CAIT will hold 'dharnas' in more than 500 cities across the country.
2021-09-15
Category: India, Delhi,Business/Economy
No leadership structural changes on the anvil: Tata Sons Chairman
Mumbai, Sep 15 (IANS) Tata Sons Ltd's Chairman Natarajan Chandrasekaran on Wednesday clarified that "no leadership structural changes are on the anvil, as speculated in certain sections of media".
2021-09-15
Category: India, Maharashtra,Business/Economy
Adani Transmission to strengthen power transmission system in MP with capex of Rs 1.2K cr
Ahmedabad, Sep 15 (IANS) Adani Transmission Ltd (ATL), Indias largest private sector power transmission company and part of the diversified Adani Group, has received the Letter of Intent (LoI) for the acquisition of MP Power Transmission Package-II Limited, incorporated by REC Power Development and Consultancy Ltd.
2021-09-15
Category: India, Gujarat,Business/Economy
Tatas among multiple bidders for Air India
New Delhi, Sep 15 (IANS) Tata Sons has submitted a financial bid for Air India, among other bidders.
2021-09-15
Category: India, Delhi,Business/Economy
Reforms to change framework of Indian telecom sector: Minister
New Delhi, Sep 15 (IANS) As the Union Cabinet on Wednesday approved several reforms and relief measures for the telecom sector, Union Minister for Communications, Ashwini Vaishnaw said that these measures will change the entire framework of the Indian telecom sector.
2021-09-15
Category: India, Delhi,Business/Economy,Politics
Centre ushers in PLI for auto sector, focus on EVs
New Delhi, Sep 15 (IANS) The Centre on Wednesday approved a PLI scheme for the auto sector, especially focusing on environment-friendly automobiles such as electric vehicles (EVs).
2021-09-15
Category: India, Delhi,Business/Economy
Cabinet okay PLI scheme for auto, auto components
New Delhi, Sep 15 (IANS) The Union Cabinet on Wednesday approved Production Linked Initiative sceheme for auto and auto components industries.
2021-09-15
Category: India, Delhi,Business/Economy,Politics
Centre gives PLI boost to drone manufacturing
New Delhi, Sep 15 (IANS) The Centre on Wednesday approved a Production-Linked Incentive (PLI) scheme for drones and drone components manufacturing.
2021-09-15
Category: India, Delhi,Business/Economy
Delhi govt to get extra revenue of Rs 3,500 cr under new excise policy
New Delhi, Sep 15 (IANS) Post the implementation of the new excise policy, Delhi government will earn an extra revenue of Rs 3,500 crore in a year, Delhi Deputy Chief Minister announced on Wednesday.
2021-09-15
Category: India, Delhi,Business/Economy,Politics
Telco Breather: 4-year moratorium on dues, change in AGR definition
New Delhi, Sep 15 (IANS) The Union Cabinet on Wednesday approved the much-anticipated relief and reform measures for the stressed telecom sector.
2021-09-15
Category: India, Delhi,Business/Economy
SpiceJet to launch 38 flights from Sep 15
New Delhi, Sep 15 (IANS) Budget airline SpiceJet will launch 38 new domestic and international non-stop flights from September 15, 2021 in a phased manner.
2021-09-15
Category: India, Delhi,Business/Economy
Gadkari to review progress of Delhi-Mumbai Expressway
Gurugram, Sep 15 (IANS) Union Minister for Road Transport and Highways Nitin Gadkari will review the progress of the Delhi-Mumbai Expressway project on September 16 in Sohna block of Gurugram district. The foundation stone for the project was laid in March 2019.
2021-09-15
Category: India, Haryana,National,Business/Economy
91 Board positions lying vacant in 11 PSU banks: AIBEA
Chennai, Sep 15 (IANS) A whopping 52 per cent of Board positions in 11 nationalised banks remain vacant for a long time, said a top leader of All India Bank Employees' Association (AIBEA).
2021-09-15
Category: India, Tamil Nadu,Business/Economy
Centre ushers in PLI for green autos; focuses on EVs
New Delhi, Sep 15 (IANS) Centre on Wednesday approved a PLI scheme for the promotion of renewable and environment friendly automobiles such as EVs, sources said.
2021-09-15
Category: India, Delhi,Business/Economy,Environment/Wildlife,Politics
Likely govt support measures, PLI schemes buoy equities (Ld)
Mumbai, Sep 15 (IANS) Hopes of government support measures for some beleaguered sectors along with provisions for PLI schemes for others buoyed India's key stock indices during mid-afternoon trade session on Wednesday.
2021-09-15
Category: India, Maharashtra,Business/Economy
Telcos to get relief in AGR payment
New Delhi, Sep 15 (IANS) The Union Cabinet on Wednesday approved a telecom relief package with relaxation in terms of adjusted gross revenue (AGR) payment, sources said.
2021-09-15
Category: India, Delhi,Business/Economy,Immigration/Law/Rights,Politics
Delhi to get 300 e-buses in January 2022: DTC official
New Delhi, Sep 15 (IANS) Delhi will receive its first fleet of 300 e-buses in January 2022 since the tender for it has matured, said Ravinder Singh Minhas, Deputy Chief General Manager (Traffic and Public Relations), Delhi Transport Corporation (DTC).
2021-09-15
Category: India, Delhi,National,Business/Economy
Reconfigure agricultural producer support: UN report
New Delhi, Sep 15 (IANS) Calling for repurposing damaging incentives to the agriculture sector that is price distorting and environmentally and socially harmful, a new United Nations (UN) report has said reconfiguring agricultural producer support rather than eliminating it will help fight climate change better.
2021-09-15
Category: India, Delhi,National,Business/Economy,Environment/Wildlife
realme's sub-brand DIZO unveils two new smartwatches
New Delhi, Sep 15 (IANS) DIZO, a brand under smartphone company realme, on Wednesday unveiled two new smartwatches -- DIZO Watch 2 and DIZO Watch Pro -- for Rs 2,999 and Rs 4,999, respectively.
2021-09-15
Category: India, Delhi,Business/Economy
Adidas launches first flagship store in India - The Home of Possibilities
New Delhi, Sep 15 (IANS) Leading sportswear giant - adidas unveiled its first flagship store in India. Located in the heart of the national capital - Connaught Place, 'The Home of Possibilities' store is a blend of multiple digital touch points, sustainability zone and embodies the future of retail experience for consumers.
2021-09-15
Category: India, Delhi,Business/Economy
OYO increases its ESOP pool by 41%
New Delhi, Sep 15 (IANS) Hospitality major OYO has expanded its Employee Stock Option Plan (ESOP) pool by 41 per cent with the addition of another 20 crore shares.
2021-09-15
Category: India, Delhi,Business/Economy