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Naveen Patnaik inaugurates Welcomhotel Bhubaneswar of ITC
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…
Former SBI Chairman Chaudhary sent to 14 day judicial custody
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…
LPG price for commercial cylinders hiked by Rs 266
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…
Need developed nations to go for net zero carbon emissions faster: Piyush Goyal
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…
Maruti Suzuki expects adverse impact on production next month
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…
Saudi Aramco sees third-quarter income rise to USD 30.4 billion
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…
High taxes hampering growth of luxury car segment in India: Audi
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…
Disruption in supply chain hampers economic revival
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…
Lower inventory gains limit rise in IOC Q2 net profit to Rs 6,360 cr
Indian Oil Corporation (IOC) posted a marginal rise in net profit for the second quarter of the ongoing fiscal on Saturday, with lower inventory gains offseting better operational performance.
For the quarter under review, the nation’s…
Applications invited for post of Sebi Chairman
The Finance Ministry has invited applications to select the next Chairman of the Securities and Exchange Board of India (Sebi) to succeed Ajay Tyagi, whose term comes to an end in February.
An IAS officer of Himachal Pradesh cadre of the…
Slide in currency assets pulls down reserves to $640 bn
The nation’s forex reserves fell by $908 million during the week ended October 22 to reach $640.1 billion, according to data from the Reserve Bank of India (RBI). During the week ended October 15, the foreign exchange, or forex, reserves…
Changes proposed to EC Act: Incentivising clean energy use, mandatory level of renewables
The power Ministry has proposed amendments to the Energy Conservation Act, 2001, (EC Act) which are set to specify a minimum share of renewable energy in overall consumption by industrial units. The amendments are also set to incentivise…
Growth in Non-food credit at 6.8% during 12 months ended September: Credit offtake rises as home,…
Non-food credit offtake increased by 6.8 per cent, or Rs 6.89 lakh crore, to Rs 108.94 lakh crore during the 12-month period ended September 2021 from 5.1 per cent in the previous year, with the country lifting restrictions imposed in the…
Adani Group to pick up minority stake in Cleartrip
Adani Group on Friday said it would acquire a “significant minority stake” in online travel aggregator and ticket booking portal Cleartrip, which is a part of the Flipkart group.
The acquisition, as a part of its diversification plan, is…
Deepak Parekh: Real estate heading to best of times
HDFC Chairman Deepak Parekh Friday said the housing and real estate sector is “heading into the best of times” with a lot of “optimism in the air”.
“In over 50 years of my work life, I have not seen housing affordability better than…
FPI outflows keep Sensex in the red
Stock market correction continued on Friday, even as dull global cues and mixed corporate earnings hit the sentiment. The Sensex, which had lost 1,159 points on Thursday, crashed by another 678 points, or 1.13 per cent, to 59,306.93 while…
Piyush Goyal: Pushing G20 for tax on MNCs in country of operation
India is pushing G20 nations to ensure that large multi-national corporations (MNCs) pay a minimum corporate tax in the countries in which they operate. A number of countries have raised the issue of large MNCs shifting profits and taxes to…
RBI eases current a/c rules for exposures below Rs 5 cr
The Reserve Bank of India on Friday relaxed current account rules for bank exposures less than Rs 5 crore, allowing banks to open current account, cash credit (CC) and overdraft (OD) facilities without any restriction.
However, in…
Rajiv Ranjan Jha takes charge as Director (Projects) at Power Finance Corporation
New Delhi, 28th, October 2021:Power Finance Corporation Ltd, a Maharatna CPSE company and India’s leading power sector focussed non-banking financial firm, today announced the appointment of Shri Rajiv Ranjan Jha as Director (Projects).…
Former CMD of Coal India at Explained.Live today
Coal stocks at the country’s thermal plants are improving after a difficult month, in which a number of states had to resort to load shedding as plants ran out of the fuel.
While the coal stock position is improving, the shortage at…
