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Railway Board chairman lauds Rs 1.10 lakh cr Budget allocation, calls it ‘path-breaking’
New Delhi , February 2 Chairman and Chief Executive Officer (CEO) of the Indian Railway Board (Ministry of Railways) Suneet Sharma on Monday lauded the Centre's allocation of Rs 1,10,055 crore to Indian Railways, calling it…
Foreign exchange reserves rise by USD 109 crores
Mumbai, Jan 31(UNI) India's foreign exchange reserves for the week ended January 22, rose by USD 109 crores to reach USD 58,533 crores.
Prior to this for the week ending January 15 India's Foreign Exchange Reserves had decreased by USD 184…
GST collection for Jan almost touches Rs 1.20 lakh crore
New Delhi, Jan 31 (UNI) The Goods and Services Tax (GST) revenue collection for January has almost touched Rs 1.20 lakh crore, the Ministry of Finance said here on Sunday.
'The gross GST revenue collected in the month of January till…
Investors wait for Budget to unveil future of Bitcoin
BENGALURU: On Friday, when Tesla CEO Elon Musk simply wrote #Bitcoin on his Twitter Bio, the cryptocurrency soared 14 per cent to touch a two-week high of $36,901 (roughly `26.9 lakh) value. When the world’s richest man says it, people…
Budget 2021: Pandemic-battered salaried class to get some cushion now
NEW DELHI: What’s in it for me would be the prominent question racking the brains of many when Finance Minister Nirmala Sitharaman presents the Union Budget on Monday.
Be that as it may, the salaried class battered by the pandemic is…
Touring India toll-free
CHENNAI: Who said you need an expensive cruiser to tour the country? Apparently, you don’t even need a detailed plan — to set out on a road trip, or navigate your way through life. “If you want to do something, you just got to go out and do…
Core infrastructure output contracts 1.3 per cent in December, says data
NEW DELHI: India’s core infrastructure sector contracted by 1.3% in December 2020, continuing its momentum of slide since lockdown, which they fear can drag down India’s recovery.
The only time the sector saw some revival was in…
Royal Enfield forays into Japan, opens store in Tokyo
BENGALURU: : Royal Enfield on Friday announced the launch of its first standalone flagship store in Tokyo, Japan.
Located in Suginami, Tokyo, the company, in a statement, said the store would have a complete range of motorcycles, apparel…
India likely to see current account surplus in FY21, says economic survey
NEW DELHI: India may witness current account surplus of 2% in FY21 after a gap of 17 years, according to The Economic Survey 2020-21 released on Friday.
This feat will be achieved on the back of the country’s resilient software service…
India, World Bank sign $500m pact to improve school education
New Delhi, Jan 29 The Indian government and the World Bank on Friday signed a $500 million Strengthening Teaching-Learning and Results for States Programme (STARS) to improve the quality and governance of school education in six states --…
Economic Survey says PMJAY has led to better health outcomes, compares West Bengal to neigbouring…
New Delhi , January 30 The Economic Survey has compared those states that implemented Pradhan Mantri Jan Arogya Yojana (PMJAY) and those which did not and says it has reflected significant improvements in several health outcomes in…
Canada econmy contracts by 5.1 p.c. in 2020
Toronto, Jan 30 (Sputnik) - Canada’s economy is estimated to have contracted by a record-breaking 5.1 percent in 2020, the state statistics agency revealed.
"This flash estimate points to an… approximate decline of 5.1 percent for the…
Sensex continues slump, down 536 points; Nifty 150 pts.
Mumbai, Jan 28 (UNI) The domestic stock market nosedived for the fifth straight day on Thursday, registering more than one per cent decline in the BSE Sensex and NSE Nifty.
The Sensex plunged 535.57 points or 1.13 per cent, to finish at…
Airtel announces 5G-ready network
New Delhi: Telecom major Bharti Airtel on Thursday announced that it has become the country's first telecom operator to successfully demonstrate and orchestrate live 5G service over a commercial network in Hyderabad city.
In a statement,…
Maruti Suzuki’s Q3FY21 net profit rises over 24%
New Delhi: Automobile major Maruti Suzuki India on Thursday reported a rise of 24.1 per cent in its net profit for the quarter ended December 31, 2020, owing to higher sales and non-operating income.
According to the automobile…
Four bidders in final race to acquire Reliance Home Finance
Mumbai: Two US-based funds Avenue Capital/ARCIL and Aries SSG/ACRE have placed their bids to acquire RHFL as a Company.
Banking sources added that Capri Global and Kotak Special Situation Fund have bid for retail assets.
Lenders are…
Samsung retains top spot in global smartphone market in 2020
New Delhi: South Korean major Samsung has retained the top spot in the global smartphone market in 2020 with shipping 255.7 million units and capturing 19 per cent share, down 14 per cent (on-year), a new report said on Thursday.
Samsung…
450 infra projects report cost overrun of Rs 4.28 lakh cr
New Delhi: As many as 450 infrastructure projects have reported a cost overrun of over Rs 4.28 lakh crore as of January 1, 2021, data from the Ministry of Statistics and Programme Implementation showed.
According to the data, 558 out of…
FDI flow into India grows 13% in 2020
New Delhi: Foreign Direct Investments (FDI) into India rose 13 per cent in 2020, backed by investments into the digital sector, said a report by the United Nations Conference of Trade and Development (UNCTAD).
The growth in FDI into…
Apple doubled its India smartphone market share in Q4 2020
New Delhi: Riding on the stellar performance of iPhone 11 and XR, Apple for the first time doubled its smartphone market share in India to nearly 4 per cent in the festive quarter of 2020, a new report said on Monday.
Despite arriving in…
