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Vietnam major export market for Indian medical devices: EEPC
Kolkata, May 20 (UNI) Indian companies could look to tap Vietnam's burgeoning medical devices market which meets nearly 90% of the demand through imports, said EEPC India Chairman Mahesh Desai. Japan, Germany, the US, China, and Singapore…
EV cost equal to normal car in 2 years, says Union Minister Gadkari
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The Union Minister for Road Transport and Highways also spoke about expanding battery production in India and developments in alternate fuels.
Second COVID wave humanitarian crisis, not economic; likely to have peaked: Report
MUMBAI: The second wave of the pandemic in India is more of a humanitarian crisis rather than an economic one, and is likely to have peaked, a Japanese brokerage said on Thursday.
Nomura said it expects the overall hit to sequential…
Motilal Oswal Real Estate raises Rs 650 cr for fifth realty fund
NEW DELHI: Motilal Oswal Real Estate (MORE) on Thursday said it has raised Rs 650 crore fund for providing debt to approved realty projects.
The Mumbai-based company announced the first close of India Realty Excellence Fund V (IREF V),…
Adani Green Energy Limited (AGEL), at this time signed share buy agreements
Ahmedabad. Adani Green Energy Limited (AGEL), at this time signed share buy agreements for the acquisition of 100% curiosity in SB Energy India from SBG (80%) and Bharti Group (20%). SB Energy India has a complete renewable portfolio of…
Kotak Mahindra Bank issues FPI license to GIFT IFSC AIF
Mumbai: Private lender Kotak Mahindra Bank Limited has issued the first-ever FPI (Foreign Portfolio Investment) license to GIFT IFSC AIF of True Beacon Global.
This is the first FPI license issued to an AIF incorporated in GIFT IFSC by…
Global cues, slowdown fears subdue equities, metal stocks fall
Mumbai: India's benchmark equity indices ended lower for the second consecutive session on Thursday as fears of economic slowdown as well as negative global cues subdued investors' sentiments.
Both the key indices started on a positive…
Eiffel Tower to reopen on July 16
Paris, May 21 The Eiffel Tower is set for a mid-July reopening after months of closure amid the coronavirus crisis, operators of the Parisian landmark have said.
People who want to head back to the top of one of the city's best-known…
Gold declines Rs 97; silver tumbles Rs 1,417
NEW DELHI: Gold in the national capital on Wednesday fell by Rs 97 to Rs 47,853 per 10 gram amid muted global precious metal prices, according to HDFC Securities.
In the previous trade, gold had closed at Rs 47,950 per 10 gram. Silver…
Income Tax department issues Rs 24,792 crore refunds so far this fiscal
NEW DELHI: The Income Tax department on Wednesday said it has issued over Rs 24,792 crore refunds to more than 15 lakh taxpayers so far this fiscal.
Of this personal income tax refunds worth Rs 7,458 crore has been issued in over 14.98…
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…