by PTI News | Feb 6, 2022 | 6:53 pm | IPO, News
Mumbai, Feb 6 (PTI) The IPO-bound national insurer Life Insurance Corporation (LIC) is not only the world's largest when it comes to home-market share with over 64.1 per cent of the total gross written premium as of 2020 but also the one that offers the highest return on equity at 82 per cent, apart from [...]
by PTI News | Feb 6, 2022 | 6:31 pm | Economy, News
New Delhi, Feb 6 (PTI) The Centre will bring for discussion in the next meeting of the GST Council the issue of bringing aviation turbine fuel (ATF) into the goods and services tax regime, Finance Minister Nirmala Sitharaman said on Sunday, as she noted that rising global fuel prices is a "concern". When the GST [...]
by PTI News | Feb 6, 2022 | 5:03 pm | News
Mumbai, Feb 6 (PTI) Battrixx, an advanced lithium-ion battery packs manufacturer, is aiming to have a strong presence in the electric two- and three-wheeler segments, which are majorly propelling the growth in the domestic electric vehicle space, according to a top executive. Battrixx, which is the battery division of Kabra ExtrusionTechnik, late last year had [...]
by PTI News | Feb 6, 2022 | 4:41 pm | News
New Delhi, Feb 6 (PTI) Terming the passing away of singing legend Lata Mangeshkar as the end of an era, Indian music industry players on Sunday said her memories and songs will remain immortal. Expressing grief at her death, Tips Films & Music Chairman and Managing Director Kumar S Taurani in an audio message said, [...]
by PTI News | Feb 6, 2022 | 4:06 pm | News
New Delhi, Feb 6 (PTI) The Ministry of Electronics and IT (MeitY) will hire top officials to fill various positions like CEO, CTO and CFO among others for 'India Semiconductor Mission' as it looks to build electronic chip and display ecosystem in the country, according to a MeitY official. The Union Cabinet in December approved [...]
by PTI News | Feb 6, 2022 | 3:57 pm | News
New Delhi, Feb 6 (PTI) The corporate affairs ministry is preparing to launch the third version of the MCA21 portal in March, starting with the LLP module. The third version of the portal, a key platform to submit the required documents and filings under the companies law and the Limited Liability Partnership Act, will leverage [...]
by PTI News | Feb 6, 2022 | 3:44 pm | Economy, News
New Delhi, Feb 6 (PTI) Asserting that the issuance of sovereign green bonds is part of the government's overall borrowing programme, Economic Affairs Secretary Ajay Seth has said these rupee-denominated papers will have long tenure to suit the requirement of green infrastructure projects. Finance Minister Nirmala Sitharaman in her Budget Speech announced that the government [...]
by PTI News | Feb 6, 2022 | 3:25 pm | Commodities, Commodity Prices, Economy, News
Mumbai, Jan 6 (PTI) In view of inflationary concerns, the Reserve Bank is likely to maintain the status quo on key policy rates in its next bi-monthly economic policy, which will be the first after the presentation of the Union Budget for 2022-23. Experts, however, are of the opinion that RBI's monetary policy committee (MPC) [...]
by PTI News | Feb 6, 2022 | 3:24 pm | News
New Delhi, Feb 6 (PTI) The Asian Development Bank (ADB) on Sunday said it provided a record USD 4.6 billion loans to India in 2021, including USD 1.8 billion towards coronavirus response. "The Asian Development Bank committed a record USD 4.6 billion in sovereign lending to India in 2021 for 17 loans, including USD 1.8 [...]
by PTI News | Feb 6, 2022 | 2:56 pm | Company Results, News
New Delhi, Feb 6 (PTI) A committee is being set up to suggest guidelines for sanction of R&D funds, to the tune of Rs 450-500 crore, which will be allocated from the portion of USOF annual collections following the recent Budget announcement, according to DoT Secretary K Rajaraman. The committee, which is being constituted, is expected [...]
