New Delhi, Jan 24(PTI) The Delhi government on Monday reduced the number of dry days to just three from the existing 21, a move that drew praise from the hospitality industry but invited criticism from opposition BJP and Congress. Under the new excise policy, liquor shops and opium vends in the national capital will now [...]
Mumbai, Jan 24 (PTI) Non-bank financing company Shriram Transport Finance Company (STFC) on Monday reported a 6.47 per cent decline in standalone profit after tax at Rs 680.62 crore in the quarter ended December 2021 even as its net interest income increased by 11.16 per cent. The company had reported a profit after tax of [...]
Mumbai, Jan 24 (PTI) The city's Chhatrapati Shivaji Maharaj International Airport (CSMIA) handled 21 per cent more passengers at 19.8 million in 2021 compared to the previous year, led by domestic passenger volume, which accounted for 88 per cent of the overall traffic, the private airport operator said on Monday. This was driven by the [...]
Mumbai, Jan 24 (PTI) Global private equity fund Advent International on Monday said it will be acquiring a controlling stake in pharma sector-focused Avra Laboratories, in a deal which values the company promoted by A V Rama Rao at USD 100 million. The 26-year-old Avra is headquartered in Hyderabad and engaged in contract manufacturing and [...]
New Delhi, Jan 24 (PTI) The Twitter handle of Go First airline was hacked on Monday evening with the person who gained unauthorised access to the account writing posts such as "Amazing" and "Great Job", sources said. The airline's handle tweeted the lines such as "Amazing" and "Great Job" at around 8.25 pm on Monday. [...]
Mumbai, Jan 24 (PTI) Axis Bank's consolidated net profit for the December quarter zoomed nearly three-folds to Rs 3,973 crore, as the money set aside for any reverses on loans reduced to nearly a third of the year-ago period. On a standalone basis, the third largest private sector lender on Monday reported a profit after [...]
New Delhi, Jan 24 (PTI) Markets regulator Sebi on Monday proposed a framework to regulate ESG (Environment, Social and Governance) rating providers that seeks to allow credit rating agencies and research analysts to provide such services. In its consultation paper, Sebi has proposed that Credit Rating Agencies (CRAs)and research analysts with a minimum net worth of [...]
New Delhi, Jan 24 (PTI) The Ministry of Environment on Monday introduced a new system of ranking the State Environment Impact Assessment Authorities (SEIAAs), which have been delegated powers to consider and grant environmental clearance. The ranking system, whose criteria include the time taken for giving clearance, has been introduced to encourage efficiency, transparency and accountability [...]
New Delhi, Jan 24 (PTI) Proceeds of high-premium Unit Linked Insurance Plans (ULIPs) has been made taxable to create a "level-playing field" with mutual funds, official sources said on Monday. The Central Board of Direct Taxes (CBDT), that frames policy for the income tax department, had on January 18 notified the rules stating the method [...]
Chennai, Jan 24 (PTI) The Tamil Nadu government on Monday urged bankers to ensure that Tamil Language is used in all public interfaces including ATMs. This was conveyed by state Finance Minister Palanivel Thiaga Rajan at a Special State Level Bankers' Committee meeting convened by him here, where incidentally, "for the first time," consultation was [...]
