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NEWSALERT

International Energy Agency says 31 member countries agree to release 60 million barrels of oil from reserves, reports AP. PTI RUP

Canara Bank hikes fixed deposit rates by up to 25 basis points

New Delhi, Mar 1 (PTI) State-owned Canara Bank on Tuesday raised interest rates on fixed deposits across various maturities by up to 25 basis points. The revised rates are effective from March 1, 2022, Canara Bank said in a statement. Interest rate on fixed deposits for tenure 1 year has been increased to 5.1 per cent [...]

Shriram Automall India auctions over 7,900 pre-owned vehicles, assets

Mumbai, Mar 1 (PTI) Shriram Automall India Ltd (SAMIL) on Tuesday said it auctioned over 7,900 pre-owned vehicles and other assets in a single day and processed transactions worth over Rs 215 crore from over 14,500 listings at its annual auction event, SAMIL utsav. SAMIL Utsav is a one-of-its-kind phygital format auction, conducted by the platform [...]

Suzuki Motorcycle India sells 72,200 vehicles in February

Mumbai, Mar 1 (PTI) Suzuki Motorcycle India on Tuesday reported almost flat growth in its total vehicle sales at 72,200 units in February over the same month a year ago. The domestic arm of Japan's Suzuki Motor Corporation sold a total of 71,662 vehicles in February 2021. Suzuki Motorcycle India Pvt Ltd (SMIPL) sold 58,603 [...]

Huawei has long-term strategy for India which will not change: APAC VP

New Delhi, Mar 1 (PTI) Chinese telecom gear maker Huawei understands the current business situation in India but it has a long-term strategy for the country as it is a big market and has huge potential for growth, a senior company official said on Tuesday. Huawei Asia Pacific Vice President Jay Chen, in a virtual [...]

Checkout Point opens new centre at Infopark in Kochi

Kochi, Mar 1 (PTI) Dubai-based Checkout Point, a provider of fin-tech solutions to small and medium enterprises (SMEs), has opened a new office at Infopark here. Checkout Point offers services in key verticals like POS software, enterprise solutions, marketing and customer engagement, payment gateway, digital wallet, merchant debit card, marketplace and agency banking. The new [...]

Hero MotoCorp sales dip 29 pc in Feb

New Delhi, Mar 1 (PTI) Two-wheeler market leader Hero MotoCorp on Tuesday reported a 29 per cent decline in total wholesales at 3,58,254 units in February. The company had dispatched 5,05,467 units in the same month in 2021, Hero MotoCorp said in a statement. Domestic sales were also down 31.57 per cent at 3,31,462 units last [...]

SJVN capex likely to touch Rs 5,500 cr in 2021-22

New Delhi, Mar 1 (PTI) State-run SJVN Ltd on Tuesday said that its capital expenditure is likely to reach Rs 5,500 crore in 2021-22 against the targetted Rs 5,000 crore. The company has planned Rs 8,000 crore capex in 2022-23. SJVN CMD Nand Lal Sharma in a statement said, "By registering over 100 per cent [...]

Adani forays into media business, buys minority stake in Quintillion Business Media

New Delhi, Mar 1 (PTI) Billionaire Gautam Adani's conglomerate has forayed into the media business, buying an unspecified minority stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for an undisclosed sum. Adani Group has entered into a binding term sheet with BSE-listed Quint Digital Media Ltd to acquire a minority [...]

Corrugated box manufacturers seek cut in GST rates

Chennai, Mar 1 (PTI): The South Indian Corrugated Box Manufacturers Association on Tuesday urged the Centre to reduce Goods and Services Tax on corrugated boxes to benefit the micro small and medium enterprises sector. According to the Association, the MSME sector would face various hardship if manufacturers exit due to the heavy losses caused on [...]
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