Business News

Hit by a rise in input cost, following the jump in commodity prices, and decline in sales on account of ongoing semiconductor shortage, Maruti Suzuki India reported a 65.7 per cent dip in consolidated net profit at Rs 486.9 crore for the…

The government has reconstituted the Economic Advisory Council to the Prime Minister for a period of two years after its term came to an end last month. Bibek Debroy continues to be the Chairman of the EAC-PM. Former RBI Deputy Governor…

The Finance Ministry has directed all central ministries and government departments to clear dues to Air India immediately. The Department of Expenditure (DoE) also said that government departments may purchase tickets from Air India in…

Banks have sanctioned loans worth Rs 11,168 crore to about 1.93 lakh accounts under the credit outreach programme, Finance Minister Nirmala Sitharaman said Tuesday. Banks are holding special camps across the country to sanction loans to…

Axis Bank on Tuesday reported an over 86 per cent jump in its standalone net profit at Rs 3,133.32 crore in the second quarter ended September 2021. The bank had posted a net profit of Rs 1,682.67 crore during the same period of the…

Reliance BP Mobility Ltd (RBML) on Tuesday launched the first Jio-bp branded mobility station in Navi Mumbai, Maharashtra. The joint venture between Reliance Industries (RIL) and global oil major bp is planning to set up a network of…

In what could be the first step towards allowing beyond visual line of sight (BVLOS) drone operations, the Ministry of Civil Aviation has notified a traffic management framework for drones, under which public and private third-party service…

Tesla hits $1 trillion dollar market cap: Tesla Inc’s record run in the stock market on Monday saw its market capitalisation surge past the $1 trillion mark, making it the first-ever car manufacturer to join the esteemed list of…

Chandigarh, Oct 26 (UNI) Azadi Ka Amrit Mahotsav is an initiative of the Government of India to celebrate and commemorate 75 years of Progressive India and the glorious history of its people, culture and achievements. This Mahotsav is…

With several instances of fund diversion and transfer of profits to “connected parties” surfacing, Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday asked auditors to identify and thoroughly scrutinise related or connected…

The government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for Rs 18,000 crore. Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding…

Finance Minister Nirmala Sitharaman on Monday pitched for an “accelerated phase of infrastructure development” and front-loading of capital expenditure in a review meeting with key infrastructure ministries. The meeting was held with top…

Power Minister RK Singh said on Monday that the nation’s thermal power plants had sufficient coal stocks to meet power demand and that stocks at the plants were rising. India’s coal-fired thermal power plants have been facing low coal…

Bharti Airtel on Monday became the second of the three private telcos to opt for the option to defer by four years the payment of spectrum as well as adjusted gross revenue (AGR) dues. In a notification to the exchanges, Airtel said it…

Petrol and diesel prices on Sunday were hiked for the fifth straight day by 35 paise per litre each, pushing pump rates to a new high across the country. The price of petrol in Delhi rose to its highest-ever level of Rs 107.59 a litre…

The country is set to become a reinsurance hub with the International Financial Services Centre Authority (IFSCA), India’s first single regulator for the Gujarat-based International Financial Services Centre (IFSC), announcing a new liberal…

As many as 16,570 new companies were registered in the country in September, taking the total number of active companies to more than 14.14 lakh, according to official data. Data from the corporate affairs ministry showed that a total of…

With demand coming back across markets, rural and urban, the September quarter saw corporate sales regain momentum. Larger players continued to take away market share from unorganised units. However, inflation in inputs weighed on profits…

Foreign Portfolio Investors (FPIs) have turned net sellers in the Indian market by pulling out Rs 3,825 crore in October so far. In the past two months, huge buying was witnessed in the debt segment when FPIs had Rs 13,363 crore in…

Srinagar, Oct 24  (Majid Jahangir reports) A ray of hope has been rekindled for the fledgling tourism industry here following months-long lockdowns induced by Covid, as Union Home Minister Amit Shah flagged off the first Srinagar-Sharjah…