Mumbai, Feb 2 (PTI) The domestic two-wheeler sales witnessed a 21 per cent year-on-year decline in January, even as the segment registered a 14 per cent sequential growth in domestic wholesale volumes, while the passenger vehicle wholesale volumes declined marginally by 3 per cent Y-o-Y, credit ratings agency ICRA said on Wednesday. The two-wheeler sales numbers [...]
Ahmedabad, Feb 2 (PTI) The Gujarat government on Wednesday fixed the price of toor or arhar dal (pigeon pea) distributed at subsidised rate under the public distribution system (PDS) at Rs 50 per kg to avoid uncertainty over its regularly changing cost.Government spokesperson and Education Minister Jitu Vaghani said availability of toor dal at a [...]
New Delhi, Feb 2 (PTI) The government is likely to file draft papers for the mega initial public offering of LIC with market regulator Sebi by next week, while a portion of the issue would be reserved for anchor investors, a top official said on Wednesday. In an interview with PTI, Tuhin Kanta Pandey, Secretary [...]
Consumer electronics maker V-Guard Industries on Wednesday reported a 31 per cent decline in consolidated net profit to Rs 53.92 crore for the third quarter ended December 31, 2021. The company had posted a consolidated net profit of Rs 78.25 crore in the same quarter last fiscal, V-Guard Industries said in a statement. Its consolidated [...]
New Delhi, Feb 2 (PTI) Asserting that the Union Budget lays the foundation for the country's long-term growth in the next 25 years, Niti Aayog Vice-Chairman Rajiv Kumar on Wednesday said the government is taking all possible measures to ignite private investments, which will be the best bet to pull the economy out of the [...]
Colombo, Feb 2 (PTI) India on Wednesday extended a USD 500 million credit line to Sri Lanka to fund the country’s fuel purchases, the Indian High Commission said, as the island nation struggles to overcome its worst financial and energy crisis in decades. Last month, the Indian High Commission said that External Affairs Minister S [...]
New Delhi, Feb 2 (PTI) India is on track to achieve the USD 400-billion export target in the current fiscal and is negotiating trade agreements with countries like the UAE, the EU and Canada, Commerce and Industry Minister Piyush Goyal said on Wednesday. In a reply during Question Hour in the Lok Sabha, he said [...]
New Delhi, Feb 2 (PTI) The interest subsidy or equalisation scheme has been approved by the Cabinet and the commerce ministry will "very" soon notify the "improved and modified" scheme for the exporters' community, a top government official said on Wednesday. Exporters have demanded the extension of the scheme. They get a subsidy under this [...]
The country's largest mortgage lender HDFC on Wednesday reported a standalone net income of Rs 3,261 crore for the three months to December 2021, logging in an 11 per cent growth over Rs 2,926 crore in the the same quarter of the previous year, on higher loan sales. On a consolidated basis, the company reported [...]
Thane (Maharashtra) [India], February 2: Fermenta Biotech Limited (‘Fermenta’) announced that it has signed a Binding Term Sheet today with Mextech Property Developers LLP (‘Mextech’) for the balance development of its Thane property through Mextech, whose key partners are Mr Anil Mutha and Mr Rajesh R. Patel. Mr Anil Mutha is the Promoter of Nandivardhan [...]
