by PTI News | Feb 10, 2022 | 9:36 pm | Company Results, News
New Delhi, Feb 10 (PTI) FSN E-Commerce Ventures Ltd, which runs an online marketplace for beauty and wellness products firm Nykaa, expects strong momentum in the business as the impact of the COVID-19 pandemic recedes and the situation becomes normal, according to a top official of the company. Nykaa, which focuses on beauty, fashion and [...]
by PTI News | Feb 10, 2022 | 9:31 pm | Economy, News
London, Feb 10 (PTI) India is among the top five easiest places to start a new business, a global consortium of over 500 researchers said on Thursday in its latest report, putting the country on top amongst low-income economies on different entrepreneurial framework conditions. The Global Entrepreneurship Monitor (GEM) 2021/2022 report, unveiled at the Dubai [...]
by PTI News | Feb 10, 2022 | 9:30 pm | Corporate Action, News
New Delhi, Feb 10 (PTI) Global food and beverages major PepsiCo on Thursday reported a double-digit volume growth in the Indian market in 2021. PepsiCo's net revenue in 2021 from Africa, Middle East, South Asia (AMESA) division, which includes India, was up 32.91 per cent to USD 6.07 billion as against USD 4.57 billion earlier. [...]
by PTI News | Feb 10, 2022 | 9:29 pm | News
Kolkata, Jan 10 (PTI) The Kolkata port authorities on Thursday officially handed over the letter of award to Gautam Adani controlled Adani Ports and Special Economic Zone Limited (APSEZ) for mechanisation and upgradation of a berth in Haldia Dock Complex (HDC).This marks the entry of the country’s largest private port operator in West Bengal's maritime [...]
by PTI News | Feb 10, 2022 | 9:12 pm | Commodities, Economy, News
New Delhi, Feb 10 (PTI) A status quo in repo rate underlines RBI's priority in supporting GDP growth amid the lingering impact of the pandemic, while additional measures for MSMEs, contact-intensive sectors and digital transactions augurs well for the overall economic health, financial market participants said on Thursday. For the 10th time in a row, [...]
by PTI News | Feb 10, 2022 | 9:04 pm | Corporate Action, News
New Delhi, Feb 10 (PTI) Tata Steel Long Products on Thursday said its board has approved raising up to Rs 13,000 crore through issuance of non-convertible redeemable preference shares on private placement basis to parent firm Tata Steel. The funds raised would be used to meet the financial requirements to give effect to Tata Steel's [...]
by PTI News | Feb 10, 2022 | 8:58 pm | News
New Delhi, Feb 10 (PTI) Finance Minister Nirmala Sitharaman on Thursday said banks have sanctioned loans worth Rs 3.1 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector that was impacted by disruptions due to the coronavirus pandemic. The scheme has been extended till March 2023. "Those MSMEs who still [...]
by PTI News | Feb 10, 2022 | 8:57 pm | News
New Delhi, Feb 10 (PTI) IRB Infrastructure Developers Ltd on Thursday reported a 4.6 per cent rise in its consolidated net profit to Rs 72.68 crore for the quarter ended December 31, 2021. The company had clocked a Rs 69.48-crore net profit during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing. Its total [...]
by PTI News | Feb 10, 2022 | 8:54 pm | Economy, News
Mumbai, Feb 10 (PTI) Bankers on Thursday welcomed the Reserve Bank of India's (RBI) decision to keep the repo rate unchanged and said the accommodative stance augurs well for the country's economic recovery. In the monetary policy announced on Thursday, the RBI held its key lending rates steady at record low levels for the 10th [...]
by PTI News | Feb 10, 2022 | 8:50 pm | Economy, News
Jammu, Feb 10 (PTI) To give a boost to the distressed tourism industry and turn the youth into start-up entrepreneurs in Jammu and Kashmir, hospitality tech firm OYO on Thursday partnered with the J&K administration to launch a rural tourism initiative, 'Crown of Incredible India', across the Union Territory. Under this collaborative approach, OYO will also [...]
