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Headline
Recent NSE glitch cost immensely, says Sitharaman
New Delhi, March 1 (IANS) Days after the National Stock Exchange had to halt trading on its platform for around four hours, Finance Minister Nirmala Sitharaman said on Monday that the incident came with immense cost for the financial markets.
2021-03-01
Category: India, Delhi,Business/Economy
Vijayawada division achieves highest goods trains interchange
Vijayawada, March 1 (IANS) The South Central Railway (SCR) zone's Vijayawada division achieved the rare feat of highest ever interchange of goods trains on a single day.
2021-03-01
Category: India, Andhra Pradesh,Business/Economy
SBI reduces home loan interest rates to 6.70%
Mumbai, March 1 (IANS) Lending major State Bank of India on Monday announced a limited period 'home loan' offer entailing a concession of up to 70 bps with interest rates starting from 6.70 per cent onwards.
2021-03-01
Category: India, Maharashtra,Business/Economy
HMSI's total sales up 29% in February
New Delhi, March 1 (IANS) Honda Motorcycle & Scooter India (HMSI) on Monday reported a rise of 29 per cent in its total sales for February.
2021-03-01
Category: India, Delhi,Business/Economy
SEBI proposes amendments to further strengthen Independent Directors
Mumbai, March 1 (IANS) The Securities and Exchange Board of India (SEBI) has proposed several regulatory amendments to strengthen Independent Directors and eventually give more voice to the minority shareholders.
2021-03-01
Category: India, Maharashtra,Business/Economy
Low interest rates, pent up demand buoy Feb auto sales (Roundup)
New Delhi, March 1 (IANS) Low interest rates along with pent-up demand and ongoing discounts accelerated the year-on-year sales of major automobile players' during February.
2021-03-01
Category: India, Delhi,Business/Economy
GST compensation shortfall released to states reaches Rs 1.04L cr
New Delhi, March 1 (IANS) Finance Ministry has released the 18th weekly instalment of Rs 4,000 crore to the states to meet the GST compensation shortfall.
2021-03-01
Category: India, Delhi,Business/Economy
Credit to large industries declines, inflow rises in services
Mumbai, March 1 (IANS) As credit flow from banks improve with the acceleration in economic activities post the gradual lifting of the lockdown restrictions, credit growth has not been on the same lines across sectors.
2021-03-01
Category: India, Maharashtra,Business/Economy
Bounce Back: GDP numbers, auto sales lift market (Roundup)
Mumbai, March 1 (IANS) India's key equity benchmark indices staged a bounce back on healthy Q3FY21 GDP growth numbers during Monday's Trade session.
2021-03-01
Category: India, Maharashtra,Business/Economy
'Govt committed to support travel & hospitality sector'
New Delhi, March 1 (IANS) Union Minister Nitin Gadkari on Monday said that with the goal of Aatmanirbhar Bharat, the government is committed to create multiple opportunities for MSMEs, boost tourism with the help of upcoming infrastructure projects.
2021-03-01
Category: India, Delhi,Business/Economy
Bank credit to grow 400-500 bps higher at 9-10% next fiscal
Mumbai, March 1 (IANS) Bank credit is seen growing 400-500 basis points (bps) higher at 9-10 per cent next fiscal as the Indian economy recovers, supported by budgetary stimulants and measures announced by the Reserve Bank of India (RBI), Crisil said on Monday.
2021-03-01
Category: India, Maharashtra,Business/Economy
HMSI's total sales up 29% in February
New Delhi, March 1 (IANS) Honda Motorcycle & Scooter India on Monday reported a rise of 29 per cent in its total sales for February.
2021-03-01
Category: India, Delhi,Business/Economy
Siemens completes Rs 2K cr acquisition of C&S Electric in India
Mumbai, March 1 (IANS) Siemens on Monday announced that it has completed the acquisition of electrical equipment manufacturer C&S Electric in India after receiving regulatory approval from the Competition Commission of India in August last year.
2021-03-01
Category: India, Maharashtra,Business/Economy
Hero MotoCorp's Feb sales up 1.45%
New Delhi, March 1 (IANS) Two-wheeler major Hero MotoCorp on Monday reported a rise of 1.45 per cent in its total sales during February.
2021-03-01
Category: India, Delhi,Business/Economy
Bids worth Rs 77K cr received for spectrum auction
New Delhi, March 1 (IANS) The first day of the much anticipated telecom auctions attracted Rs 77,146 crore of bids, said Telecom Minister Ravi Shankar Prasad.
2021-03-01
Category: India, Delhi,Business/Economy
BPCL board approves sale of its equity in Numaligarh Refinery
New Delhi, March 1 (IANS) Privatisation bound public sector refiner Bharat Petroleum Corporation Ltd (BPCL) said on Monday that its board has approved the proposal for sale of the company's equity shares in the Numaligarh Refinery Ltd (NRL) to a consortium of Oil India Limited and Engineers India Limited, along with the government of Assam.
2021-03-01
Category: India, Delhi,Business/Economy
Goyal asks BIS to create Customer Charter for transparency
New Delhi, March 1 (IANS) Union Minister of Consumer Affairs, Food & Public Distribution, Railways and Commerce & Industry Piyush Goyal on Monday instructed the Bureau of Indian Standards (BIS) to create a Customer Charter to usher in the highest transparency in its certification process and inspections.
2021-03-01
Category: India, Delhi,Business/Economy
Noida Int'l Airport signs support pact with UP govt
New Delhi, March 1 (IANS) The Noida International Airport (NIA) on Monday entered into a 'state support agreement' with UP state government.
2021-03-01
Category: India, Delhi,Business/Economy
February GST collection stands at Rs 1.13 lakh Cr
New Delhi, March 1 (IANS) The gross GST revenue collected in February 2021 increased 7 per cent on a year-on-year basis to over Rs 1.13 lakh crore.
2021-03-01
Category: India, Delhi,Business/Economy
SP Group's litigation stalls resolution process for RHFL
Mumbai, March 1 (IANS) The debt resolution process of Reliance Home Finance Ltd (RHFL), which is at the final stages, has been hit by the Shapoorji Pallonji (SP) Group's litigation against the home finance company.
2021-03-01
Category: India, Maharashtra,Business/Economy
BOC Aviation, IndiGo ink aircraft purchase-and-leaseback pacts
New Delhi, March 1 (IANS) Global aircraft leasing company BOC Aviation on Monday said it has signed a purchase-and-leaseback agreements with InterGlobe Aviation for eight new Airbus A320NEO aircraft.
2021-03-01
Category: India, Delhi,Business/Economy
Maruti Suzuki's Feb sales up 11.8%
New Delhi, March 1 (IANS) Automobile major Maruti Suzuki on Monday reported a growth of 11.8 per cent in its overall sales during February 2021 on a year-on-year basis.
2021-03-01
Category: India, Delhi,Business/Economy
Sensex closes 750 points up; auto, metal index surge (Ld)
Mumbai, March 1 (IANS) The key Indian equity indices soared on Monday with the BSE Sensex closing nearly 750 points higher.
2021-03-01
Category: India, Maharashtra,Business/Economy
Hyd airport bags best airport award
Hyderabad, March 1 (IANS) GMR Hyderabad International Airport Ltd (GHIAL) has bagged Airports Council International (ACI) Airport Service Quality (ASQ) award for 2020.
2021-03-01
Category: India, Andhra Pradesh,Business/Economy
Feb manufacturing growth remains flat: PMI
New Delhi, March 1 (IANS) India's manufacturing sector growth remained flat-to-positive in February, as improving business environment pushed order flow.
2021-03-01
Category: India, Delhi,Business/Economy
Rental growth surpasses capital price growth in luxury markets: Report
New Delhi, March 1 (IANS) The growth rate of rentals in the top seven luxury housing markets of the country rose by 17-26 per cent in the past seven years, surpassing the rise in luxury property prices in the same localities during the same period, with average capital prices increasing by 15 per cent, according to an Anarock report.
2021-03-01
Category: India, Delhi,Business/Economy
Feb manufacturing growth remains flat: PMI
New Delhi, March 1 (IANS) India's manufacturing sector growth remained flat-to-positive in February, as improving business environment pushed order flow.
2021-03-01
Category: India, Delhi,Business/Economy
Hyundai Motor India's overall Feb sales over 26%
New Delhi, March 1 (IANS) Hyundai Motor India on Monday reported a growth of 26.4 per cent in its overall sales including exports during February.
2021-03-01
Category: India, Delhi,Business/Economy
Petrol, diesel prices remain unchanged on Monday
New Delhi, March 1 (IANS) The rise in the petrol and diesel price has paused for the last couple of days as oil marketing companies have decided to wait and watch the developments on the global oil market before finalising their India retail strategy.
2021-03-01
Category: India, Delhi,Business/Economy
Sensex up 800 points; auto, banking stocks rise
Mumbai, March 1 (IANS) The Indian equity indices opened on a positive note on Monday with the BSE Sensex surging over 800 points.
2021-03-01
Category: India, Maharashtra,Business/Economy
Deadline for filing GST returns extended till March 31
New Delhi, Feb 28 (IANS) Centre has extended the deadline for filing annual GST returns for the financial year 2019-20 till March 31.
2021-02-28
Category: India, Delhi,Business/Economy
Govt prepares master plan for toy industry
New Delhi, Feb 28 (IANS) Guruprasad Mohapatra, Secretary for the Department for Promotion of Industry and Internal Trade, said that toys are of serious economic concern and a very comprehensive toy master plan has been prepared with various ministries and state governments involved to promote the toy industry.
2021-02-28
Category: India, Delhi,Business/Economy
Vatika Group clears debt worth Rs 1,109 cr
New Delhi, Feb 28 (IANS) NCR-based real estate developer Vatika Group and its associated companies have repaid debt worth Rs 1,109 crore within a period of 11 months, said a company statement.
2021-02-28
Category: India, Delhi,Business/Economy
Macro data, global cues to drive Indian equity market
Mumbai, Feb 28 (IANS) After the recent heavy sell-off, global market trends and domestic macro-economic data will drive the Indian equity indices in the coming week.
2021-02-28
Category: India, Maharashtra,Business/Economy
Pandemic affected tourists' behaviour: Study
London, Feb 28 (IANS) The pandemic has affected tourists' attitudes and behaviours in unforeseen ways, often subconsciously, said a new study.
2021-02-28
Category: International, United Kingdom,Business/Economy
RIL acquires majority stake in US-based skyTran Inc
Mumbai, Feb 28 (IANS) Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), announced on Sunday that it has acquired majority stake in its investee company skyTran Inc for a consideration of $26.76 million.
2021-02-28
Category: India, Maharashtra,Business/Economy
Bullish commodity prices boost agri export prospects
New Delhi, Feb 28 (IANS) Continued bullish trend in commodity prices has enhanced the prospects of the exports of agricultural produces from India during Covid-19 pandemic season as global prices of grains like wheat, rice, maize are ruling at multi-year high.
2021-02-28
Category: India, Delhi,Business/Economy
Zipaworld forays into ocean freight
New Delhi, Feb 28 (IANS) Logistics startup Zipaworld announced its foray in the ocean freight booking segment and expects at least three-fold growth in its turnover in the next financial year (FY22) on the back of the expansion in its business.
2021-02-28
Category: India, Delhi,Business/Economy
CBDT chief PC Mody's term extended till May 31
New Delhi, Feb 28 (IANS) The Centre has extended the tenure of Pramod Chandra Mody as the Chairman of the Central Board of Direct Taxes (CBDT) by three months till May 31, 2021.
2021-02-28
Category: India, Delhi,Business/Economy
CAIT to launch natiowide movement over GST
New Delhi, Feb 28 (IANS) Days after a traders' strike under its aegis, the Confederation of All India Traders (CAIT) on Sunday said that it will launch a national movement against the 'arbitrariness' of GST provisions and alleged malpractices of e-commerce giants.
2021-02-28
Category: India, Delhi,Business/Economy
'Nirman by ATS' to vie for stalled realty projects
New Delhi, Feb 28 (IANS) ATS Infrastructure Ltd has come up with project management consultancy - 'Nirman by ATS' - to assist developers in completing stalled real estate projects and to provide respite to distressed home buyers.
2021-02-28
Category: India, Delhi,Business/Economy
I-T raid on Chennai-based tiles maker
New Delhi, Feb 28 (IANS) The Income Tax Department conducted searches on a business group engaged in tiles and sanitary ware maker based out of Chennai, resulting in the detection of undisclosed income worth Rs 220 crore.
2021-02-28
Category: India, Delhi,Business/Economy
Delhi advocate held for Rs 50 cr fraud
New Delhi, Feb 28 (IANS) The officers of Central Goods and Services Tax (CGST) Commissionerate of Delhi East arrested an advocate, Vishal, who is practicing law at Karkardooma Court in the national capital for frauds regarding input tax credit (ITC) worth around Rs 50 crore.
2021-02-28
Category: India, Delhi,Business/Economy,Crime/Disaster/Accident
Buffett warns fixed-income investors of bleak future
New Delhi, Feb 28 (IANS) Ace investor Warren Buffett is of the view that fixed-income investors might face a bleak future.
2021-02-28
Category: India, Delhi,Business/Economy
T'gana's IT exports would've been higher: KTR
Hyderabad, Feb 28 (IANS) With the information technology exports from Telangana likely to grow at seven per cent to cross Rs 1.40 lakh crore during 2020-21, the state's IT minister K.T. Rama Rao on Sunday said the growth rate would have been much higher if the Centre had not scrapped the ITIR project.
2021-02-28
Category: India, Andhra Pradesh,Business/Economy,Politics
FPIs invest Rs 25,787 Cr in Indian equities in Feb
New Delhi, Feb 28 (IANS) As the Indian equities continued to scale new highs post the Union Budget for FY22, the net foreign portfolio investments (FPI) into the Indian equities in February was Rs 25,787 crore.
2021-02-28
Category: India, Delhi,Business/Economy
Petrol, diesel prices unchanged across metros
New Delhi, Feb 28 (IANS) Fuel prices, which have been soaring to unprecedented levels in the country of late, remained unchanged on Sunday.
2021-02-28
Category: India, Delhi,Business/Economy
Prayagraj-Bilaspur flight from Monday
Prayagraj (Uttar Pradesh), Feb 28 (IANS) Prayagraj will get direct air connectivity to Bilaspur from March 1, following the successful trial run of Alliance Air flight between the two cities.
2021-02-28
Category: India, Uttar Pradesh,Business/Economy
KVIC's e-market portal records Rs 1.12 cr turnover
New Delhi, Feb 27 (IANS) Khadi and Village Industry Commission's (KVIC) footprint in the online marketing segment has found tremendous public patronage as its gross turnover has amounted to Rs 1.12 crore within just eight months of the launch of Khadi's e-portal www.khadiindia.gov.in.
2021-02-27
Category: India, Delhi,Business/Economy
Beijing's new economic forms robust in 2020
Beijing, Feb 27 (IANS) Beijing's new economic forms have displayed robust performance in 2020 despite the Covid-19 epidemic, official figures showed.
2021-02-27
Category: International, China,Business/Economy,Politics