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Four-fifths of income losses during 1st wave incurred by private sector
MUMBAI: Almost 80 per cent of all income losses during the first wave of the pandemic in 2020 were incurred by the private sector in India, while in many other countries the entire loss was on respective governments, a report said on…
IDBI Bank launches digitised automated loan processing system for MSME and agri lending
New Delhi: IDBI Bank Limited has launched a fully digitised, end-to-end, Loan Processing System (LPS) for its MSME and Agri. products.
This new loan processing system seamlessly integrates with data fintechs, bureau validations, document…
Musk denies Tesla sold Bitcoins, Cryptocurrencies plunge 47 % in two days
London, May 19 (Agencies) - Elon Musk, the CEO of technological giant Tesla, rejected claims that the company sold previously purchased bitcoins after being accused of manipulating cryptocurrency markets as Bitcoin took a huge plunge in…
India’s PC market information highest ever first-quarter shipments
The PC shipments within the nation surged 73.1% to three.1 million items within the first quarter of 2021, in comparison with the earlier yr, in response to a report by analysis agency IDC.
Sensex recaptures 50,000-level; Nifty above 15,000
At the closing bell, the 30-share BSE index was quoted 612.60 factors or 1.24% larger at 50,193.33
Rupee positive aspects for third straight session; rises 17 paise to 73.05 towards greenback
At the interbank foreign exchange market, the rupee opened at 73.18 and hit an intra-day excessive of 72.95 and a low of 73.18 throughout the session.
Patanjali Ayurved raises ₹ 175 crore by thru’ NCDs
This is the second debenture issuance by Patanjali Ayurved.
China bans monetary, funds corporations from cryptocurrency enterprise
Beijing: China has banned monetary establishments and funds corporations from offering companies associated to cryptocurrency transactions, and warned buyers towards speculative crypto buying and selling. Under the China crypto ban,…
Finance Ministry releases Rs 8,923.8 crore to 25 states for providing grant to rural local bodies
New Delhi , May 19 The Union Finance Ministry, on the recommendation of the Panchayati Raj Ministry, released Rs 8,923.8 crore to 25 states for providing grant to rural local bodies.
The spread of COVID-19 pandemic in different parts…
Govt has asked ONGC to procure 1 lakh oxygen concentrators to address shortage
New Delhi: To help the country tide over oxygen shortage during the second wave of the COVID-19 pandemic, ONGC has been given the responsibility to procure 1 lakh oxygen concentrators based on its understanding of global supply chain and…
Centre asks States/UTs to monitor prices of pulses on weekly basis, direct all stockholders to…
New Delhi , May 17 The Central government on Monday asked the States/UTs to direct all the stockholders, millers, traders and importers to declare the stocks of pulses while requesting to monitor the prices of pulses on a weekly…
Covid resurgence subdues equities, metal stocks fall
Mumbai: Economic impact of Covid resurgence dented investors' sentiments during Friday's trade session.
Both the key indices closed on a flat note. They opened slightly higher but kept seeing repeated bouts of sell-offs, followed by…
India’s online higher education market to grow 10x in next 5 years
New Delhi: Buoyed by the continuous remote learning amid the pandemic, the online higher education market in India will grow 10 times over the next five years to reach $5 billion by the financial year 2025, a new report said on Monday.…
Transporters left in the lurch as second wave lockdowns sap demand
The steady, inexorable spread of the Covid-19 second wave and the inevitable lockdowns that follow have begun to sap the strength of India’s 5.5 million-strong truck fleet. According to industry bodies and research institutes, the road…
Power demand dips during first fortnight of May
Pan-India power consumption data for the first fortnight of May (May 1-15) indicates that the expansion of Covid-19 lockdowns across the country has begun having an impact on electricity demand.
While the month of April 2021 had recorded…
Petrol, diesel prices reach record highs
Oil marketing companies hiked petrol and diesel prices yet again on Friday, this time by a steep 29 paise per litre for petrol and 34 paise per litre for diesel. This latest hike, the fourth such increase this week, brings the total…
GST Council meet on May 28; likely to discuss States’ Covid-related demands
New Delhi, May 15 (UNI) The Goods and Services Tax Council will meet on May 28 after a gap of seven months amid calls from States for policy measures related to COVID-19 pandemic.
Finance Minister Nirmala Sitharaman will chair the…
GST Council to meet on May 28; compensation shortfall, rates on Covid-19 essentials on agenda
NEW DELHI: The GST Council will meet on May 28 and is likely to discuss tax rates on COVID-related drugs, oxygen equipment and vaccines.
The meeting among other things is also likely to discuss the compensation mechanism for states' GST…
SAIL-RSP sets new record by supplying 499.16 tonnes liquid medical Oxygen
New Delhi: SAIL-Rourkela Steel Plant (RSP) set a new single day liquid medical Oxygen (LMO) dispatch on May 14 by sending 28 number of tankers containing 499.16 tonnes of the life-saving gas. The highly motivated team of the Oxygen Plants…
Govt appoints ex-NCL CMD Tapas Nag as head of high-level committee on coal mines safety
New Delhi: The Centre has appointed former Northern Coalfields Ltd (NCL) CMD Tapas Kumar Nag as the head of a high-level committee on safety in coal mines formed earlier this year in January. Nag was earlier serving as one of the five…
