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RBI still cautious on durability of growth
The RBI kept benchmark policy rates unchanged, but emerged as a generous patron. Notwithstanding the unhelpful baggage of rising retail inflation, it committed to yield a yard and remain accommodative of both rate cuts and liquidity…
CBI registers case against Unitech MD in Canara bank fraud
NEW DELHI: The CBI has booked Managing Director of Unitech Sanjay Chandra, his father Ramesh and brother Ajay for alleged bank fraud of Rs 198 crore in Canara bank, officials said Sunday.
The CBI after registering the fresh case against…
It’s Mizoram’s moment under the sun! State commissions its 1st 2 MW solar PV plant
Mizoram has carved a place for itself in the solar energy map of India as it has commissioned its first solar power plant at Tlungvel
Explore Puri, The Resting Place Of Lord Vishnu!
The Jagannatha Temple at Puri is one of the major Hindu temples built in the Kalinga style of architecture. The temple tower, with a spire, rises to a height of 58 meters (190 ft), and a flag is unfurled above it, fixed over a wheel…
Good winter crop set to soothe inflation worries
NEW DELHI: The RBI’s policy inaction seen in its quarterly Monetary Policy announcement stems mainly from India’s inflation rising way beyond the central bank’s comfort levels. Retail inflation rose sharply to 7.6 per cent in October, far…
PM-KUSUM scheme Renewal Energy ministry in agro sector
MNRE has decided to include polarization of agriculture feeders under Component-C of PM-KUSUM scheme
NINL employee unions challenge disinvestment in Orissa HC
Since the CCEA approved NINL’s disinvestment, promoters have stopped infusing money into the PSU, causing it to shut down & leaving employees in the lurch without salaries
On ED’s request, French authorities seize Mallya’s property worth 1.6 m euros
New Delhi , December 4 : On the request of the Enforcement Directorate (ED), French authorities on Friday seized a property belonging to fugitive businessman Vijay Mallya, worth 1.6 million euros (approximately Rs 14 crores), in…
Gold in December: These 5 factors will lead to increase in Gold rates
Mumbai: As we move into the final month of this eventful year, market sentiment is mixed as investors seem to be weighing the mounting virus case count against optimism of vaccine breakthroughs.
On the surface, risk and uncertainty seem…
OPEC+ agrees to increase output by 500,000 barrels a day in January
Vienna , December 4 The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries decided at a meeting on Thursday to increase oil production by 500,000 barrels per day (bpd) in January 2021.
In light of…
US, Huawei CFO in talks over plea to allow her to return to China
Washington DC , December 4 US Justice Department officials and Huawei CFO Meng Wanzhou are currently negotiating a possible plea deal that would allow her to return to China from Canada, the Wall Street Journal reported citing…
India’s service sector recovery weakens in November: PMI
New Delhi: India's services sector recovery weakened in November despite further upturn in new work supported business activity growth.
However, the sector reported the first rise in employment for nine months.
Moreover, the overall…
Rabi crop sowing to be 2% more than all-time high levels
New Delhi: The good performance of the agricultural sector during the Covid-19 pandemic is expected to result Rabi crop sowing (corresponding to marketing year, or January-December 2021) increasing by 2 per cent more than the all-time high…
Nissan prices all-new Magnite SUV at Rs 4.99L
New Delhi: Automobile manufacturer Nissan India on Wednesday announced the special introductory price of all-new Nissan Magnite, starting at Rs 4,99,000 (ex-showroom) valid until December 31, 2020.
Accordingly, the company commenced the…
Rolls-Royce, Infosys enter into partnership for aerospace engineering in India
Mumbai: Leading aerospace and defence technology company Rolls-Royce and IT major Infosys on Wednesday announced their strategic partnership for aerospace engineering in India.
As part of the overall partnership, Rolls-Royce will…
NSE launches futures contract of crude degummed soybean oil
Mumbai: The National Stock Exchange of India Ltd (NSE) has launched its first agricultural commodity futures contract on crude degummed soybean oil (CDSO Futures).
It was launched on December 1, an NSE statement said on Wednesday.
The…
RBI expected to maintain rates on elevated inflation levels: Brickwork Ratings
New Delhi: The Reserve Bank of India (RBI) is expected to maintain a rate pause in the upcoming Monetary Policy Committee meet, considering elevated inflation levels, Brickwork Ratings said on Wednesday.
As per the agency, to support…
Oil Secretary pulls up MNGL at inauguration of 100th CNG station, tells them to make 2021 target…
The Petroleum Secretary said that while MNGL has committed to setting up 50 CNG stations by 2021, they could do much more
Pune ‘The Queen Of The Deccan’
Picturesque Pune, the ‘Queen of the Deccan’ nestles in the scenic Sahayadri ranges, on the edge of the Deccan plains. This ‘Cultural Capital of Maharashtra’ was once the glorious capital of the Maratha empire and the center of the Maratha…
SEBI extends Covid-related reliefs for trading members, depositories
Mumbai: The Securities and Exchange Board of India (SEBI) on Tuesday extended the timeline of several relaxations of regulatory requirements for trading and clearing members along with depositories in the wake of the coronavirus pandemic.…
