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PM invites CEOs to partner with India in exploration of oil, gas sector
New Delhi, Oct 20 (UNI) Prime Minister Narendra Modi on Wednesday invited the CEOs and experts to partner with India in exploration and development of the oil and gas sector in India.
The Prime Minister who interacted with the CEOs and…
Shailesh Chandra: ‘Chip shortage global issue, prioritisation to industry key’
Tata Motors launched its sub-compact SUV at a starting price of Rs 5.49 lakh. While the company has been witnessing growth in demand for its vehicles, Shailesh Chandra, president, PV business unit, Tata Motors told Sandeep Singh that the…
Investing forex reserves in equities can fetch higher returns: RBI report
Investment of India’s rising foreign exchange reserves in equity funds, especially index funds, can fetch higher returns as interest rates which have been on a declining trajectory over the last four decades in advanced economies, have…
Fewer plants now facing low coal stock; power shortage easing
The total number of thermal power plants with coal stocks of less than four days has fallen to 71 plants with a generation capacity of 90.9 GW (gigawatt), compared to 83 plants with a capacity of 100.4 GW on October 11, government data…
Reliance Retail Ventures buys 52 per cent stake in designer Ritu Kumar’s firm
New Delhi, Oct 19 (UNI) Mukesh Ambani-led Reliance group seems to be on acquisition spree. Days after one of its group firms signed pact to buy 40 per cent stake in designer Manish Malhotra's MM Styles, Reliance Retail Ventures Ltd (RRVL)…
EOW arrests three for siphoning off more than Rs 300 crore
New Delhi, Oct 19 (UNI) Delhi Police Economic Offences Wing on Tuesday arrested three persons in connection with siphoning off more than Rs 300 crore taken as loan from YES Bank and summoned Nira Radia for questioning in the case.
The…
Nirmala Sitharaman highlights need to keep supply chains open for COVID vaccine raw materials
NEW YORK: Finance Minister Nirmala Sitharaman has highlighted the need of an international financial architecture to fight the COVID-19 pandemic across the globe and stressed on the need to keep the supply chains open for vaccine raw…
Sensex rallies over 500 points to hit new peak; Nifty tops 18,500
MUMBAI: Extending its record-setting streak, equity benchmark Sensex rallied over 500 points in opening trade on Monday on account of widespread buying despite a weak trend in global markets.
After touching an all-time high of 61,894.33…
OPPO India launches programme to mentor startups in country
NEW DELHI: Oppo on Monday announced the launch of its Elevate Program in India through which the smartphone maker aims to mentor startups that have the potential to bring the next big technological change in the industry.
Through a…
Tata Motors launches sub-compact SUV ‘Punch’ at starting price of Rs 5.49 lakh
CHENNAI: Tata Motors on Monday, October 18, 2021, launched its latest offering in its ‘New Forever’ range of SUVs, Tata Punch, at a starting price of Rs 5.49 lakh. The top-end manual variant is priced at Rs 8.49 lakh.
Built on the Agile…
HCL Technologies launches early career programme in Vietnam; to onboard 2,600 students in 5 yrs
NEW DELHI: HCL Technologies on Monday announced the launch of its TechBee early career programme in Vietnam with plans to onboard 2,600 candidates in the next five years, starting this year.
Designed exclusively for high-school…
Here’s why your insurance claim may get rejected
NEW DELHI: A communication between a general insurance company and the nominee of a person who had bought a policy from the former has become viral on social media. The letter communicates the reason for rejection of accidental death claim.…
IMF hails India’s ‘swift and substantial’ response to COVID-19 crisis
WASHINGTON: Describing the Indian government's response to the COVID-19 situation as "swift and substantial", the International Monetary Fund (IMF) has said the country continued with labour reforms and privatisation despite the pandemic.…
HDFC Bank Q2 profit rises by 17.6 per cent to Rs 8,834 crore
NEW DELHI: Private sector lender HDFC Bank has reported standalone profit at Rs 8,834.31 crore for the quarter ended September 2021, registering a growth of 17.6 per cent against the same period last fiscal. The sequential growth in profit…
Bull run expected to continue this week amid strong quarterly earning show
NEW DELHI: The market scaled new highs last week with the Nifty50 surpassing 18,000 and the BSE Sensex scaling above the 61,000-mark for the first time. The 30-share index added 1,246.89 points or 2.08% to end the Friday session at record…
Scanning asset classes to find solution
With the Equity Markets rising as though pumped by steroids, there seems to be a feeling of uneasy giddiness among many market participants, of the kind one feels while riding a roller-coaster. While the upward ride is exhilarating, it…
NASA launches first space probe toward Jupiter’s Trojan Asteroids
Moscow, Oct 17 (UNI/Sputnik) NASA launched a trailblazing asteroid explorer to Trojan asteroids circling the sun in Jupiter's path, in what is the first mission to study the primordial material that formed our solar system.
The probe,…
M&A deals hit record USD 30 billion in July-September ’21, says Grant Thornton
NEW DELHI: The Indian deal market is buzzing again with action as the concerns of pandemic die down, and economic activities getting back to normal faster than expected. According to Grant Thornton Bharat Dealtracker, a record 597 deals…
Air India’s ground handling business up for sale next, says DIPAM secretary
NEW DELHI: What happens to the special purpose vehicle (SPV) — Air India Asset Holding Ltd (AIAHL) — created by the government to hold some of the assets and liabilities of Air India, after the latter’s privatisation?
Tuhin Kanta Pandey,…
L&T forays into EdTech space, launches learning app
NEW DELHI: Engineering and construction major L&T has entered the lucrative education Technology (EdTech) sector with the launch of L&T EduTech, an application-based learning platform, which will provide practical-oriented…