Business News

The RBI plans to launch a web-based and an end-to-end workflow automation system as part of a plan to introduce a prudential supervisory mechanism. Speaking at a BFSI summit, RBI Deputy Governor MK Jain said the system has been developed…

The RBI’s committee on asset reconstruction companies (ARCs) has recommended that ARCs should be allowed to participate in the Insolvency and Bankruptcy Code (IBC) process as a resolution applicant either through a security receipt (SR)…

Bharti Airtel on Tuesday beat Street estimates on the back of one-time spectrum sale gain and tariff increases undertaken in August. The telco’s Q2 consolidated net profit jumped 300 per cent quarter-on-quarter at Rs 1,134 crore, aided by a…

Glasgow/New Delhi, Nov 1 (UNI) Prime Minister Narendra Modi and UK Prime Minister Boris Johnson during their bilateral meeting on Monday agreed that their National Security Advisors will meet in London on November 3 to discuss the specific…

New Delhi, Nov 1 (UNI) Maruti Suzuki India Limited posted a robust recovery in total month-to-month sales of its vehicles at 138,335 units in October 2021, on the back of proactive measures taken to counter the impact of shortage of…

The petroleum Ministry has asked state-owned Oil and Natural Gas Corporation (ONGC) to consider offering up to a 60 per cent stake and operating rights over parts of key Mumbai High and Bassein and Satellites (B&S) oil and gas producing…

There is a need to look into the algorithms of social media intermediaries if these go against the law or are in breach of Articles 14, 19, and 21 of the Constitution, Minister of State for Electronics and Information Technology Rajeev…

Housing Development Finance Corp (HDFC) on Monday posted a standalone net profit of Rs 3,780 crore for the quarter ended September 2021, a 32 per cent rise from Rs 2,870 crore in the year-ago period. The dividend income for the September…

Tata Motors Ltd on Monday reported a consolidated net loss of Rs 4,441 crore for the second quarter ending September as against a net loss of Rs 314 crore in the year-ago period (Q2FY21) and Rs 4,451 crore in the previous June quarter…

Merchandise exports hit a record $35.5 billion in October, registering a 42.3 per cent rise from a year before and 35.2 per cent from the pre-Covid (same month in FY20) level. The exports were supported by strong order flow from key markets…

Hyderabad, Nov 1 (UNI): Sunil Kumar Satya has taken over as Regional Executive Director (RED) of NTPC Southern Region.Prior to this, Satya was RED-Eastern Region-II, Bhubaneswar, an NTPC statement said here on Monday. A Mechanical Engineer…

New Delhi, Nov 1 (UNI) Signalling a strong economic recovery, India’s merchandise exports in October 2021 rose 42.33% at USD 35.47 billion, compared to USD 24.92 billion in October 2020 and registered an increase of 35.21% over USD 26.23…

Bhubaneswar, Nov 1(UNI) Odisha Chief Naveen Patnaik on Monday inaugurated “Welcomhotel Bhubaneshwar”, the first LEED Platinum Certified Hotel in the State built by ITC Limited. Located in New Bhubaneswar, the hotel is conveniently placed…

Jaipur, Nov 1 (UNI) Jaisalmer judicial magistrate rejected the bail application of former SBI Chairman Pratip Chaudhary and sent him to a 14 day judicial custody, he was arrested in a fraud case. Former SBI chairman Pratip Chaudhary, who…

The price of liquefied petroleum gas (LPG) used in commercial cylinders has been raised by Rs 266 per cylinder by India’s key oil marketing companies (OMCs) on Monday, news agency ANI reported. Following the hike, the price of the 19-kg…

Developed countries will have to reach net zero carbon emissions much faster than the rest of the world and possibly aim for net negative emissions to achieve the goal of global net zero emissions, Commerce Minister Piyush Goyal said on the…

NEW DELHI: Maruti Suzuki India (MSI) on Saturday said it expects an adverse impact on production at its two plants in Haryana and parent Suzuki's Gujarat plant in November on account of supply constraint of electronic components due to…

DUBAI: The world's largest oil company, Saudi Aramco, reported $30.4 billion in third-quarter net income on Sunday, bolstered by a surge in oil prices and recovery in demand as the coronavirus pandemic eases. Saudi Arabia's majority…

NEW DELHI: A high taxation regime is restricting growth of the luxury car segment in India and the government should look at lowering the levies in order to help the sector grow, according to German automaker Audi. Luxury car volumes…

Most of us have done it at least once. That is, hitting the reset button on the smartphone to shut it down and wipe out the virus. For better results, we’ve even tried deep clean or reboot, which restores factory settings, meaning the…