State-run Bank of Baroda's (BoB) standalone profit after tax (PAT) doubled to Rs 2,197 crore in the quarter ended in December aided by healthy growth in net interest income (NII) and on lower provisions. This compares with a standalone PAT of Rs 1,061 crore in the same quarter of the previous fiscal. “Profit has been [...]
Mumbai, Feb 5 (PTI) The nearly seven-decades-old 'Khadi Emporium' has been banned for selling fake Khadi products by the Khadi and Village Industries Commission (KVIC), a statement said on Saturday. The commission, which is under the Union Ministry of Micro, Small and Medium Enterprises, has adopted a “zero tolerance” policy against sale of spurious or [...]
New Delhi, Feb 5 (PTI) Khadi and Village Industries Commission on Saturday said it has cancelled the Khadi Certification issued to its oldest Khadi institution, the Mumbai Khadi & Village Industries Association, for alleged sale of non-Khadi products. The institution was running the Khadi Emporium at Metropolitan Insurance House, a heritage building, located in Mumbai [...]
New Delhi, Feb 5 (PTI) Finance Minister Nirmala Sitharaman on Saturday exhorted India Inc to take advantage of announcements made in Budget and "quickly" step up capex so that the virtuous cycle of investment gathers momentum. Addressing members of CII, she said increase in capex in the Budget was done with twin objectives of supporting [...]
New Delhi, Feb 5 (PTI) The commerce and industry ministry on Saturday said Indian Footwear and Leather Development Programme (IFLDP) has been approved for continuation with a financial outlay of Rs 1,700 crore. IFLDP has been approved by the cabinet on January 19 for continuation till March 31, 2026, or till further review, whichever is [...]
Mumbai, Feb 5 (PTI) Reliance Jio's telecom services have been affected since Saturday morning in the financial capital, with many users complaining of inability to connect calls. The problem was first reported at about noon across the city with users complaining of getting a message saying a subscriber is not registered on the network. A [...]
New Delhi, Feb 5 (PTI) Ujjivan Small Finance Bank (SFB) trimmed its net losses significantly to Rs 34 crore in the quarter ended in December 2021 on the back of lower provisioning, increasing collection efficiency and highest-ever loan disbursals. The bank had posted a net loss of Rs 279 crore in the corresponding quarter a [...]
Mumbai, Feb 5 (PTI) Stating that the budget 2023 is more directional with a quarter of a century of sustained growth in mind, Commerce and Industry minister Piyush Goyal on Saturday sought to deflect criticism in certain quarters that the government focused more on the supply-side than on growth-boosting demand side of the economy. On [...]
New Delhi, Feb 5 (PTI) Finance Minister Nirmala Sitharaman on Saturday exhorted India Inc to take advantage of announcements made in Budget and "quickly" step up capex so that the virtuous cycle of investment gathers momentum. Addressing members of CII, she said increase in capex in the Budget was done with twin objectives of supporting [...]
Bengaluru, Feb 5 (PTI) Amazon India on Saturday said the company has signed a memorandum of understanding (MoU) with Karnataka State Rural Livelihood Promotion Society (KSRLPS) to support the growth of women entrepreneurs. The MoU was signed and exchanged in the presence of Karnataka Chief Minister Basavaraj Bommai and Minister of Skill Development, Entrepreneurship and [...]
