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Reliance to invest in NexWafe as strategic lead investor
NEW DELHI: Billionaire Mukesh Ambani's Reliance Industries has invested EUR 25 million in German solar wafer maker NexWafe GmbH to use the firm's technology to set up giga-scale wafer manufacturing facilities in India.
"NexWafe GmbH…
Sensex rallies 453 points to new closing peak above 60700-mark
MUMBAI: Equity benchmark Sensex soared 453 points to touch a new closing high of 60,737 on Wednesday, tracking gains in index heavyweights Reliance Industries, ITC and Infosys amid a positive trend in global markets.
After scaling a…
Industrial production (IIP) grows 11.9 per cent in August, shows recovery on firm footing
New Delhi, Oct 12 (UNI) The Index of Industrial Production (IIP) rose 11.9 per cent year-on-year in August, 2021 as compared to 11.5 per cent in July showing economic recovery on firm footing post second wave of pandemic.
As per data…
PFC gets Maharatna status; march towards more financial autonomy
New Delhi, Oct 12 (UNI) The government has granted ‘Maharatna’ status to Power Finance Corporation Ltd (PFC) giving the state-owned company greater operational and financial autonomy.
Incorporated in 1986, PFC is the largest infrastructure…
Punjab Governor condoles demise of IFFCO Chairman Balwinder Nakai
Chandigarh, Oct 12 (UNI) Punjab Governor Banwarilal Purohit has expressed grief over the demise of the Indian Farmers Fertiliser Cooperative Limited (IFFCO) Chairman Balwinder Singh Nakai.
In his condolence message, the Governor said Mr…
Vehicle Tracking System to be installed in private buses too, in Punjab
Chandigarh, Oct 12 (UNI) Punjab Transport Minister Amarinder Singh Raja Warring on Tuesday announced that the newly launched Vehicle Tracking System (VTS) will be further extended to all private buses operating in the state.
While…
RBI may hike rates in March qtr of 2022; coal and chip shortages a worry: Report
MUMBAI: The Reserve Bank is likely to change the stance of its monetary policy and hike rates from the first quarter of 2022, a Japanese brokerage said on Monday.
The central bank will start with liquidity normalisation moves this month,…
Will not handle containerised cargo from Iran, Pakistan, Afghanistan: Adani Ports
AHMEDABAD: Adani Ports and SEZ Ltd (APSEZ), which operates Mundra Port in Gujarat, on Monday said it will not handle containerised cargo originating from Iran, Pakistan and Afghanistan at all its terminals from November 15.
The decision…
Aviation Ministry gives nod to Rakesh Jhunjhunwala-backed Akasa Air to operate in India
NEW DELHI: The Ministry of Civil Aviation has given a no-objection certificate (NOC) for the operation of Rakesh Jhunjhunwala-backed new airline 'Akasa Air' in India, a company statement said on Monday.
The new airline aims to start…
TCS shares tank over 6 per cent post Q2 results; Mcap erodes by Rs 92,032 crore
NEW DELHI: Shares of Tata Consultancy Services on Monday tumbled over 6 per cent after the company's September quarter earnings missed market expectations. The stock tanked 6.32 per cent to close at Rs 3,686.50 apiece on the BSE.
During…
Sensex breaches 60K level again, NIFTY at 17,946
Mumbai, Oct 11 (UNI) Extending gains for the third consecutive session on Monday, the Sensex closed strong at 60,135.78, up by 76.72 pts on the strength of Utilities, Power, Auto and Realty stocks amid weak global cues.
The Nifty of…
FM Sitharaman begins buzy US visit, meeting with top investors planned
New Delhi, Oct 11 (UNI) In her packed schedule during week-long US visit, Finance Minister Nirmala Sitharaman is set to attend the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Washington besides annual meets of…
India may have to let go digital tax as it agrees on global taxation rule
NEW DELHI: India may have to let go digital tax from October 8, however, it expects to gain from the deal higher as it, along with the group of 136 countries, has agreed on global taxation to ensure big companies pay a minimum tax of 15%,…
Aim for USD 450-500 billion exports next year: Goyal to exporters
NEW DELHI: The country's exports are growing at a healthy rate and now exporters can aim for USD 450-500 billion of outbound shipments during the next fiscal year, Commerce and Industry Minister Piyush Goyal said on Saturday.
Exports…
Start-up tales with unicorn glory amid COVID onslaught, market slowdown
It started with the news of start-ups shutting shops and a looming distress in the ecosystem due to the Covid-19 pandemic; then we read about start-ups pivoting to defeat cash crunch, survive and stay significant.
Most start-ups were…
She earned Rs 1,941: Urban Company rejects employee’s allegation of receiving Rs 67 for four…
NEW DELHI: Home service marketplace Urban Company on Sunday denied allegations levelled by its women beautician partners of providing very low commission to them and claimed that the earnings are far more than the amount claimed by them.…
Maldives: Visa free agreement to be restored for Indian travelers from Oct. 15
New Delhi, Oct 10 (UNI) No visa would be required for Maldivians traveling to India from October 15 as the two countries have decided to restore the 2018 bilateral 'visa free agreement', the High Commission of India in Maldives said in a…
CIL assures to increase dispatch to power sector to 1.6 MT per day to cover coal stock situation
New Delhi: An inter-Ministerial sub-Group led by the Ministry of Coal has been monitoring the coal stock situation twice a week. In order to manage the coal stock and ensure equitable distribution of Coal, the Ministry of Power constituted…
Diesel crosses Rs 100 mark in Mumbai, fuel prices up again
NEW DELHI: Mumbai on Saturday became the first metro city in the country to see diesel prices cross the Rs 100 per litre mark after fuel prices were hiked again.
Petrol price was hiked by 30 paise per litre and diesel by 35 paise a…
Air India: Tata heirloom returns home
NEW DELHI: Sixty-eight years after it ceded control of Air India to the government, the Tata group on Friday won the bid to take over the national carrier, thus successfully completing the Centre’s multiple attempts to turn around and sell…
