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Liquidity package: Rs 70,590 cr in loans sanctioned to discoms |
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New Delhi | Sunday, 2020 9:45:06 PM IST |
| Loans totalling Rs 70,590 crore have been sanctioned so far to power distribution companies (discom) out of the Rs 90,000-crore liquidity package announced by the Centre, Union Power Minister RK Singh told the Rajya Sabha on Sunday. ... read.. |
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Amid 'ease of business' claims, going remains tough for MNCs |
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New Delhi | Sunday, 2020 9:45:06 PM IST |
| The Modi government has left no stone unturned in inviting foreign investors with claims of an improved business environment backed by unprecedented reforms in the past six years, but what many industry players face is a different story altogether. ... read.. |
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Net direct tax collection declines 31% in Apr-Aug FY21 |
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New Delhi | Sunday, 2020 3:45:06 AM IST |
| The net direct tax collection in April-August period of the current fiscal was 31.1 per cent lower on year-on-year (YoY) basis at over Rs 1.92 lakh crore, according to data provided by Minister of State for Finance Anurag Thakur in Lok Sabha. ... read.. |
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GSTN unveils creative contest to bring taxpayers closer to tax system |
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New Delhi | Saturday, 2020 11:45:05 PM IST |
| In yet another attempt to bring taxpayers and tax authorities closer to each other by way of better understanding of the tax systems, the Goods and Services Tax Network (GSTN) has launched a creative contest namely "GST-n-You" that will allow people to co ... read.. |
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Extra financial burden on consumers due to PGCIL's inefficiency: CAG |
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New Delhi | Saturday, 2020 7:45:06 PM IST |
| In a scathing attack on inefficient operations of state transmission utility Power Grid Corporation of India, the official au ditor Comptroller and Auditor General (CAG) has put the blame of higher electricity tariff on PSUs inability to recover Rs 6,853. ... read.. |
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RITES announces share buyback at Rs 265 per share |
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Gurugram (Haryana) | September 19, 2020 11:42:21 AM IST |
| The board of directors at government-owned RITES Ltd has approved buy-back of 96.98 lakh equity shares with a face value of Rs 10 each at Rs 265 per share, translating into the total buyback amount not exceeding Rs 257 crore. ... read.. |
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TRAI issues directions for tariff advertisements |
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New Delhi | Saturday, 2020 3:15:06 AM IST |
| In a bid to bring more transparency in telecom tariff advertisements, the Telecom Regulatory Authority of India (TRAI) on Friday issued fresh directions for advertisement of tariff plans by telecom operators. ... read.. |
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Yield on govt securities moderated sharply in Q1: Fin Min report |
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New Delhi | Saturday, 2020 2:15:06 AM IST |
| The additional public expenditure on account of the Covid-19 pandemic has pushed up government borrowing during the April-June quarter with the Centre issuing dated securities aggregating to Rs 3,46,000 crore as against Rs 2,21,000 crore in Q1 of FY20, ac ... read.. |
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NBFC delinquencies could see up to 250 bps spike this fiscal |
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New Delhi | Friday, 2020 10:45:05 PM IST |
| The rapid increase in Covid-19 afflictions and intermittent lockdowns will increase asset quality challenges of non-banking financial companies (NBFCs), already grappling with the economic slowdown since last fiscal, Crisil Ratings said on Friday. ... read.. |
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Covid fallout: Fiscal deficit may rise to Rs 14.6L cr in FY21 |
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New Delhi | Friday, 2020 7:45:06 PM IST |
| The gap between government's total income and expenditure is expected to balloon to Rs 14.6 lakh crore or 7.6 per cent of GDP in FY21 as economic disruptions are set for a long haul due to Covid-19 pandemic, brokerages analysing the deficit numbers said. ... read.. |
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Boeing appoints new chief strategy officer |
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Washington | Friday, 2020 4:45:05 PM IST |
| American airplane giant Boeing has named B. Marc Allen as its new chief strategy officer and senior vice president for strategy and corporate development. ... read.. |
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BSNL sources 53% of mobile network equipment from ZTE, Huawei |
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New Delhi | Friday, 2020 4:15:06 AM IST |
| At a time when concerns have been raised over equipment of Chinese origin in mobile networks and anti-China sentiments are on a high, the Centre on Thursday said that around 53.4 per cent of state-run BSNL's mobile network equipment comes from Chinese tec ... read.. |
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India Inc to raise more than Rs 50k crore from IPOs |
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New Delhi | Friday, 2020 2:45:06 AM IST |
| At least 80 companies are in the process to tap the primary market to raise approximately Rs 51,515 crore equity capital in FY 2020-21 with benchmark indices up by 50 per cent since March and IPO listings getting strong demand from the public. ... read.. |
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First investment advisor obtains SEBI licence in GIFT IFSC |
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Mumbai | Thursday, 2020 10:45:05 PM IST |
| Investment Advisory operations are all set to take off in India's first International Financial Services Centre (IFSC) at GIFT City, with capital markets regulator SEBI giving license to an impact investing firm to begin its operation in GIFT IFSC. ... read.. |
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45% imported smartphone components came from China in FY20 |
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New Delhi | Thursday, 2020 9:15:06 PM IST |
| As the government pushes for self reliance in the mobile phone and electronics industry with the clarion call for 'Atmanirbhar Bharat', data shows that over 45 per cent imports of smartphone components in the last financial year (FY 2019-20) came from Chi ... read.. |
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Ashok Leyland bags order for 1,400 trucks |
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Chennai | Thursday, 2020 8:45:06 PM IST |
| Truck major Ashok Leyland Ltd. on Thursday said it has secured an order for 1,400 intermediate commercial vehicles (ICV) from a logistics start-up Procure Box. ... read.. |
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Relief for Anil Ambani as SC dismisses SBI plea |
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New Delhi | Thursday, 2020 8:15:06 PM IST |
| The Supreme Court on Thursday dismissed a plea by the State Bank of India (SBI) seeking a vacation of the stay granted by Delhi High Court on personal bankruptcy proceedings against Anil Ambani, chairman of Reliance Group. ... read.. |
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Happiest Minds' shares debut at 111% premium of issue price |
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Mumbai | Thursday, 2020 5:45:06 PM IST |
| Happiest Minds Technologies recorded an impressive debut on the stock exchanges on Thursday as it got listed at Rs 351 per share on the BSE, with a premium of 111.4 per cent against the issue price of Rs 166 per share. ... read.. |
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DIAL opens general aviation terminal for private jets |
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New Delhi | September 17, 2020 5:42:33 PM IST |
| Delhi International Airport Ltd (DIAL) on Thursday announced the launch of India's first exclusive general aviation terminal facility for private jets at Indira Gandhi International Airport (IGIA). ... read.. |
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CSS Corp's Chief Executive Officer, Manish Tandon wins Gold Stevie |
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| September 17, 2020 5:12:30 PM IST |
| Bengaluru (Karnataka) [India], September 17 (ANI/BusinessWire India): CSS Corp, a new-age IT services and technology support company, today announced that its CEO, Manish Tandon, has won a Gold Stevie in The 17th Annual International Business Awards. ... read.. |
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Resume wage revision talks: Confed to GIPSA |
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Chennai | Thursday, 2020 4:15:30 PM IST |
| With the wage agreement concluded in the banking sector, the National Confederation of General Insurance Officers' Associations (Confed) has urged the General Insurance Public Sector Association (GIPSA) to hold wage revision talks. ... read.. |
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Govt asks auto industry to bring down costs for boosting sales |
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By Shailesh YadavNew Delhi | September 17, 2020 3:12:21 PM IST |
| India's tax policy on automobiles has been quite consistent for the past three decades and the industry should strive for greater efficiency levels to bring down costs rather than expect tax cuts, government sources said on Thursday. ... read.. |
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Preventing COVID-19 is simple with Anion Detox |
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| September 17, 2020 3:12:14 PM IST |
| New Delhi [India] September 17 (ANI/Digpu): Even after several months since the COVID-19 pandemic hit the world, normalcy hasn't been resumed. Everyone wonders when the pandemic will settle while many companies from different countries have been perseveri ... read.. |
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Search My Office, a global office search company, launches in India |
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| September 17, 2020 1:42:24 PM IST |
| New Delhi [India] September 17 (ANI/NewsVoir): 'Search My Office' launches in the Indian market today. The company would help its client find office space especially in co-working spaces and business centres. Mostly all the team members are from co-workin ... read.. |
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