Browsing Category
Business News
Zee-Invesco feud: NCLAT concludes hearing, to pass order later in the day
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Thursday completed the hearing on a petition filed by Zee Entertainment Enterprises Ltd (ZEEL) seeking more time to reply to Invesco's demand for convening a shareholders'…
Petrol, diesel prices at record high levels as rates hiked again
NEW DELHI: Petrol and diesel prices across the country soared to all-time high levels on Thursday as rates were hiked again in line with the spurt in international oil prices.
Petrol price was increased by 30 paise per litre and diesel…
Pravasi Bharatiya Samman conferred on top India-born hotelier in Maldives
New Delhi, Oct 7 (UNI) The prestigious Pravasi Bharatiya Samman 2021 was conferred on Salil Panigrahi, Founder, Atmosphere Resorts, in acknowledgement of his pioneering work in the tourism industry in the Maldives.
This is the first time…
Triton to setup world class EV manufacturing facility with Rs 2100 cr investment in Telangana
Hyderabad, Oct 7 (UNI) A US-based EV Company Triton to construct the world class EV manufacturing facility at NIMZ Zaheerabad, outskirts of the city, with an investment of Rs 2100 crores.
The EV Company on June 24 this year, entered into…
Mercedes-Benz posts nearly 100 per cent domestic sales growth in September
MUMBAI: German premium carmaker Mercedes-Benz on Wednesday reported nearly 100 per cent growth in sales at 4,101 units in the domestic market in September of the current year. Mercedes-Benz India had sold 2,058 cars in the Indian market in…
Investors’ wealth erodes by Rs 2.57 lakh crore as markets tumble
NEW DELHI: Equity investors became poorer by Rs 2,57,785.17 crore on Wednesday as benchmark indices came under heavy sell-off tracking weak global markets.
The 30-share BSE benchmark tumbled 555.15 points or 0.93 per cent to close at…
India in last stage of finalising details on global minimum tax
NEW DELHI: Finance Minister Nirmala Sitharaman on Wednesday said India is "very close" to arriving at the specifics of the two-pillar taxation proposition at the G20 and is in the last stage of finalising the details.
A total of 130…
Tapering process unlikely to impact Indian eco much as fundamentals are strong: CEA
NEW DELHI: Chief Economic Adviser K V Subramanian on Wednesday said the impact of 'taper tantrum' or withdrawal of monetary stimulus by the US Federal Reserve on India may not be much given the strong fundamentals of the country's economy.…
Chinese realty bubble burst looming as stress spreads beyond Evergrande
NEW DELHI: The over-leveraged Chinese real estate market has begun to unravel with another developer, Fantasia Holdings Group, failing to repay $206 million debt this week.
This triggered a slew of rating downgrades of real estate debt…
Govt slashes bank guarantees for telecos, 100 pc FDI through automatic route notified
Road Transport and Highways Ministry has proposed a system of incentives to nudge vehicle owners to get rid of their old and polluting vehicles.
"In line with the above, the Ministry has issued a GSR Notification on Oct. 5, in the…
Travel indus proposes free Covid insurance to foreign tourists, re-starting scheduled intl flights
Nirbhay Kumar
New Delhi, Oct 5 (UNI) Making strong pitch for starting scheduled international flights, Delhi-based travel and tour operators' body Indian Association of Tour Operators (IATO) has proposed to offer free Covid insurance to…
Singareni workers to get 29 pc share in profits as Dussera gift
Hyderabad, Oct 5 (UNI) Telangana Chief Minister K Chandrashekhar Rao on Tuesday evening decided to give 29 per cent share on profits of Singareni Collieries Company Limited (SCCL) to the workers.
This is one percent more than the last…
Russia to make first feature movie in space, film crew arrives at Space Station
Moscow, Oct 5 (UNI/Sputnik) Russian actress Yulia Peresild, movie director Klim Shipenko and cosmonaut Anton Shkaplerov arrived at the International Space Station (ISS), as the Soyuz MS-19 spacecraft docked to the Rassvet module, a Sputnik…
First in India: HAL’s avionic equipment gets ITSOA certificate for civil platforms
New Delhi/Bengaluru: Hindustan Aeronautics Limited’s (HAL) avionic equipment 'Air Data Computer (ADC) with Outside Air Temperature (OAT) probe' has received an Indian Technical Standard Order Authorisation (ITSOA) certificate from DGCA for…
Well-managed companies attract equity investors: Finance Minister Nirmala Sitharaman
NEW DELHI: Finance Minister Nirmala Sitharaman on Monday said the advise given by company secretaries to businesses is going to make a lot of difference as only "well-managed" companies following good governance practices are attracting…
Gautam Adani says USD 50-70 billion investment planned across energy chain
NEW DELHI: Billionaire Gautam Adani on Monday said his infrastructure conglomerate will invest between USD 50-70 billion in organic and inorganic growth opportunities across the entire energy value chain over the next decade.
Speaking at…
Oil prices up by more than USD 2 per barrel after OPEC decision
FRANKFURT: OPEC and allied oil producing countries have stayed with their cautious approach to restoring oil production slashed during the pandemic, agreeing to add 400,000 barrels per day in November.
The decision Monday by the…
HSBC executes blockchain-enabled trade transaction for AMNS and UAE’s Universal Tube
MUMBAI: Foreign lender HSBC on Monday said it has successfully executed a blockchain-enabled live trade finance transaction between ArcelorMittal Nippon Steel India and UAE's Universal Tube and Plastic Industries.
Benefits of executing…
Adani Group to invest 20 bn dollars in renewable sector over next decade
Hyderabad, oct 4 (UNI) Adani Group Chairman Gautam Adani on Monday said that we will invest over 20 billion dollars in renewable energy generation.
In his virtual keynote address at the world’s largest ‘TiE (The Indus Entrepreneurs)…
Air Chief Marshal VR Chaudhari takes over as the new Chief of the Air Staff
New Delhi: (New Air Chief joined) Air Chief Marshal VR Chaudhari took over as The Chief of the Air Staff (CAS) at a ceremony at Air Headquarters (Vayu Bhawan) on Thursday. The new CAS succeeded Air Chief Marshal RKS Bhadauria, who completed…