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US hopes India would ‘reconsider’ its decision to restrict wheat export
NEW YORK: The US hopes India will "reconsider" its decision to ban wheat exports, with Washington "encouraging" countries not to restrict exports as that will exacerbate food shortages, amidst Russia's invasion of Ukraine.
India, the…
WPI inflation at record high of 15.08 per cent in April on price rise across all items
NEW DELHI: Wholesale price-based inflation soared to a record high of 15.08 per cent in April mainly on account of spiralling prices of food, fuel and other commodities, which may prompt the Reserve Bank to hike interest rates in upcoming…
Wheat export: No bar on sanctioned orders
NEW DELHI: Three days after the government decided to ban wheat exports, citing the country’s food security, it sought to clarify its stand on Tuesday. It said it is allowing shipments of wheat consignments already registered with the…
India, Africa must respond together to uncertain world, build reliable, resilient supply chains
New Delhi: While stressing on the multi-faceted and deep-rooted nature of the India-Africa relationship, External Affairs Minister S Jaishankar on Tuesday said that the two sides closed ranks to confront the once-in-a century pandemic,…
NTPC mulls girl empowerment mission in 35 project locations
NEW DELHI: State-run power giant NTPC is planning to conduct its flagship corporate social responsibility (CSR) initiative -- girl empowerment mission (GEM) -- in about 35 project locations this year.
The GEM is for empowering young…
Nifty may test key support of 15671 amid LIC listing on Tuesday
MUMBAI: Stock market investors and traders brace for a tough week ahead with the benchmark Nifty 50 index perched just above a crucial support of 15671.45, the March low following the Russia-Ukraine conflict. The LIC listing on May 17 will…
Created over 11.6 lakh jobs; enabled USD 5 billion in exports: Amazon India
NEW DELHI: E-commerce major Amazon India on Sunday said it has cumulatively created more than 11.6 lakh direct and indirect jobs, enabled nearly USD 5 billion in cumulative exports and digitised over 40 lakh MSMEs in the country till date.…
Vegetable oil imports fall 13% in April
NEW DELHI: Imports of vegetable oils, comprising edible and non-edible, have fallen 13% to nearly 9.12 lakh tonne during April, shows industry data. The Solvent Extractors’ Association of India (SEA) said the import of vegetable oils is…
Exports rise by 30% in April, trade deficit widens by 31.5%
NEW DELHI: India’s merchandise exports grew more than 30% in April on a year-on-year basis on the back of improved performance in petroleum products, electronic goods, cereals, coffee, processed food and leather products, as per the data…
SBI reports 41.28 pc jump in net profit at Rs 9,114 crore in Q4’22
Kolkata: State Bank of India (SBI) on Friday reported a 41.28 per cent jump in its net profit at Rs 9,114 crore for the fourth quarter ended March 31, 2022. The Bank posted a Net profit for FY22 grew by 55.19% YoY to Rs. 31,676 crores.…
Piyush Goyal: India-UAE CEPA to $ 100B trade soon
Mumbai: Union Minister for Commerce and Industry Piyush Goyal on Friday said the India-UAE Comprehensive Economic Partnership Agreement (CEPA) would drive India's economic growth as the bilateral trade between the two countries can…
Retail inflation at 8-year high of 7.79% in April
India CPI Inflation, IIP Growth Rate: Retail inflation surged to a near 8-year high of 7.79 per cent in April, persisting above the Reserve Bank of India’s (RBI’s) inflation target for the fourth straight month, data released by the…
Glimmer of hope: Pulses, milk prices fall
IS THE worst of food inflation — 8.38 per cent year-on-year in April — over? Some hope is provided by milk, which has the highest weight among food items in the consumer price index after cereals. And also pulses, besides the likes of onion…
PAN or Aadhaar mandatory for deposits and withdrawals above Rs 20 lakhs
NEW DELHI: The government has made it mandatory to quote either PAN or Aadhaar for depositing or withdrawing over Rs 20 lakh in a financial year or opening a current account.
The Central Board of Direct Taxes (CBDT), in a notification,…
Deadline to submit Reliance Capital resolution plans extended till June 30
NEW DELHI: Lenders have agreed to extend the last date to submit bids for the resolution of debt-ridden Reliance Capital Ltd by a month till June 30 as bidders have given cold response so far, sources said.
Committee of Creditors (CoC)…
BharatPe sacks staff, vendors; to claw back shares from Ashneer Grover
Payments startup BharatPe, which has been witnessing a tussle between promoters and investors, on Tuesday said it has decided to claw back former founder Ashneer Grover’s restricted shares in the company. It has also terminated several…
HDFC Bank, BoM, Karur Vysya hike lending rates
HDFC Bank said it has raised its marginal cost of funds-based lending rate (MCLR) by 25 basis points (bps) across tenors, with effect from May 7.
The overnight MCLR at HDFC Bank now stands at 7.15 per cent, the one-month rate is at 7.2…
Platforms to pay news publishers for content: Canada legislation
Canada has issued a legislation to compel platforms such as Google and Facebook to negotiate commercial deals and pay news publishers for their content. According to newspaper industry sources, the Canadian legislation is expected to…
Foreign investors shun LIC IPO over market risks
Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency risks and the global market backdrop.
With just hours to go until the end of the subscription period…
Campus Activewear makes a strong debut, lists at over 23% premium over issue price
Campus Activewear share price: Shares of athleisure footwear company Campus Activewear debuted on a strong note and got listed at a premium of over 23 per cent from their issue price in the stock exchanges today.
The scrip got listed at…
