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With economy on recovery curve, RBI begins squeezing out money
On Friday, the Reserve Bank of India’s Monetary Policy Committee (MPC) kept policy rates and stance unchanged but the key takeaway was liquidity normalisation. That’s because the MPC’s job ends with policy rate decisions, but the central…
Indian job market grows 57 per cent annually in Septembe
MUMBAI: The Indian job market maintained its record-breaking run for the third consecutive month in a row, clocking 57 per cent year-on-year growth in September, according to the latest Naukri JobSpeak report.
At 2,753 job postings, the…
Smartphone brand Realme launches 100 new stores
NEW DELHI: Smartphone brand Realme on Friday, October 8, 2021, announced a new milestone with the launch of 100 new exclusive stores across India. The stores, which are operational from Friday, will have the latest products from the Realme…
New dawn for Air India: Civil Aviation Minister Jyotiraditya Scindia on airline’s sale to Tata…
NEW DELHI: Air India's sale to the Tata Group marks a new dawn for the airline, Civil Aviation Minister Jyotiraditya Scindia said on Friday as he hoped that the carrier would continue to bring people closer through successful operations.…
Chargesheet filed against Yes Bank’s Rana Kapoor, Gautam Thapar
NEW DELHI: The Central Bureau of Investigation (CBI) has filed a chargesheet against the then managing director & CEO of Yes Bank Ltd – Rana Kapoor -- and his wife Bindu Kapoor in a loan fraud case also involving promoter of Avantha…
Chief Economic Adviser K V Subramanian to step down; to return to academia
NEW DELHI: Chief Economic Adviser (CEA) K V Subramanian on Friday said he has decided to return to academia after completion of his three-year term in the finance ministry.
The government had appointed Subramanian, a ISB Hyderabad…
Tata will have to retain all Air India employees for one year: Aviation Ministry
NEW DELHI: The winning bidder Tata Group will have to retain all employees for at least a year. The government on Friday, October 8, 2021, asserted that employees’ interest has been protected and the new owner will have to offer VRS to…
Corps of Home Guards conquers moon peak of Dhauladhar
Hamirpur (HP), Oct 9 (UNI) The mountaineering team of the 10th Corps of Home Guards Hamirpur has succeeded in climbing the Moon Peak, about 15,250 feet high in the Dhauladhar mountain range.
Commandant Sushil Kumar Kaundal, who led this…
PM Modi to launch industry body Indian Space Association on Monday
NEW DELHI: Prime Minister Narendra Modi will launch the Indian Space Association, a grouping of space and satellite companies, at a virtual event on October 11, the industry body said on Thursday.
Indian Space Association (ISpA)…
Reliance Retail to launch 7-Eleven stores in India
NEW DELHI: Adding to its burgeoning retail empire, billionaire Mukesh Ambani's Reliance Retail will bring 7-Eleven convenience stores to India, days after Future Retail ended its deal with the US chain.
The first 7-Eleven store will open…
Mercedes-Benz rolls out new locally-produced S-Class from Chakan plant; price starts from Rs 1.57 cr
MUMBAI: German premium car maker Mercedes-Benz on Thursday rolled out the new locally-produced S-Class from its Chakan facility in Pune at price starting from Rs 1.57 crore.
The company had launched the imported (completely built unit)…
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…
