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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…
Recovering Fortunes: Yes Bank sees signs of reaching pre-Covid levels soon
Mumbai: Private lender Yes Bank has witnessed internal as well as external indicators of fast-paced economic recovery leading to pre-Covid operational levels.
The bank's own financial performance has improved drastically. It has again…
Worldwide IT spending to grow 6.2% in 2021: Gartner
San Francisco: After a decline in the pandemic-hit 2020, worldwide IT spending is projected to total $3.9 trillion in 2021, an increase of 6.2 per cent from the previous year, according to the latest forecast by Gartner on Monday.…
FM wraps up pre-Budget consultations, over 170 take part in 15 virtual meetings
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday concluded pre-budget consultation meetings for budget 2021-22 held in virtual mode.
More than 170 invitees representing 9 stakeholder groups participated in 15 meetings…
Nissan, Datsun cars to cost 5% more from Jan 1
Chennai: Car maker Nissan Motor India Pvt Ltd on Wednesday said it will increase the prices of all its models by five per cent effective from January 1, 2021.
In a statement issued here, the company said the price hike will be applicable…
Govt may go in for legal challenge to Vodafone, Cairn arbitration outcomes
New Delhi: The Indian government may mount a challenge against the arbitration awards passed against it over retrospective taxation levy on Cairn Energy and Vodafone Group.
Sources privy to the development said that as both the…
PSU asset monetisation likely to get fillip in Budget FY22
New Delhi: The pandemic has created severe pressure on the government's coffers, thereby making asset monetisation and disinvestment the Centre's priorities to raise revenue.
Government's asset monetisation programme involving…
Cairn Energy wins arbitration award against India in tax dispute
New Delhi: British energy major Cairn Energy has won an international arbitration case against the Indian government over a tax dispute.
An international arbitration tribunal ruled that India's tax claim of Rs 10,247 crore in past taxes…
Pepsico to set up potato chips unit in UP
Lucknow: 'PepsiCo', the multinational food and beverages company is going to set up a new (greenfield) potato chips production unit in Uttar Pradesh with an investment of Rs 814 crore.
According to the government spokesman, the unit will…
Manappuram Finance raises Rs 400 cr through bonds
Mumbai: Manappuram Finance said on Tuesday that it has raised Rs 400 crore by issuing bonds on private placement basis.
In a regulatory filing, the company said that the Financial Recourse and Management Committee of its Board of…
