New Delhi, Mar 6 (PTI) The country's second-largest bank Punjab National Bank (PNB) said it was awaiting advisory from the Finance Ministry and the Reserve Bank with regard to SWIFT-related transactions with Russian entities. In view of the ongoing war between Russia and Ukraine, several countries including the US, Canada and certain European nations have [...]
New Delhi, Mar 6 (PTI) Maruti Suzuki India (MSI), the country's largest car maker, needs to bolster its presence in the fast-growing SUV segment in order to maintain its dominance in the domestic passenger vehicle segment going ahead, according to a senior company official. The automaker, whose market share in the 30-lakh-strong (volume) domestic passenger [...]
New Delhi, Mar 6 (PTI) Czech carmaker Skoda is mulling to drive in electric vehicles in the Indian market as it expects the green mobility segment to pick up significantly in the country over the next few years, according to a senior company official. The automaker, which is witnessing a turnaround in its domestic business, [...]
New Delhi, Mar 6 (PTI) There is a need to control energy prices across the globe as rising crude oil rates, amid the Ukraine-Russia conflict, are making raw materials costlier for the steel industry, according to a top industry executive. On the ongoing conflict between the two countries, Jindal Steel and Power Ltd (JSPL) Managing [...]
Coal India's subsidiary BCCL has posted a record 61 per cent growth in its production to 3.24 million tonne (mt) in February this year over the corresponding month last fiscal, a company statement said. Bharat Coking Coal Ltd (BCCL), a Dhanbad-based subsidiary of the Maharatna public sector undertaking, also claimed that it registered the highest [...]
The Russian assault on Kyiv and other Ukrainian cities has intensified uncertainty in the world economy. To condemn Putin’s war, western leaders announced some restrictive economic measures to target Russian financial institution and individuals. The sanctions include: removing some Russian banks from the Swift messaging system for international payments; freezing the assets of Russian companies [...]
New Delhi, Mar 5 (PTI) In a significant development, a Delhi court on Saturday dismissed the pre-arrest bail plea of former CEO of National Stock Exchange Chitra Ramkrishna in the NSE co-location case, pulling up the CBI for inaction and being “lackadaisical” in the probe against the accused in the last four years. Special Judge [...]
Chennai, Mar 5 (PTI) A new insurance scheme for the welfare of over one lakh construction labourers and the Real Estate Vision 2030 set up by the Confederation of Real Estate Developers Association of India (CREDAI), was formally rolled out here on Saturday. The insurance scheme which would help the construction labourers was formally launched [...]
New Delhi, Mar 5 (PTI) Stating that Afghanistan has praised the quality of Indian wheat supplied to the trouble-torn country as part of its humanitarian aid, India on Saturday said it has already shipped 4,000 tonnes of the grain via the Pakistan border, and the third batch of shipment of 2,000 tonnes is scheduled for [...]
New Delhi, Mar 5 (PTI) The Union Road Transport Ministry has proposed an increase in the third-party motor insurance premium for various categories of vehicles, which is likely to jack up insurance cost of car and two-wheelers from April 1. According to the proposed revised rates, private cars with 1,000 cubic capacity (cc) will attract rates of [...]
