India has extended anti-dumping duty on imports of certain jute products from Nepal and Bangladesh for five years, a move aimed at protecting domestic players from cheap inbound shipments. These duties were imposed following recommendations of the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR). The DGTR, in its probe in September last [...]
No-frills airline Go First on Tuesday apologised to passengers who were left behind in a coach at Bangalore airport on Monday and said an inadvertent oversight in the reconciliation of the flight to Delhi led to the incident. The carrier has ordered an inquiry as well as derostered all the staff who were involved in [...]
Axis Bank on Tuesday said it has entered into a revised agreement with Max Financial Services to acquire an additional 7 per cent stake in Max Life Insurance at fair market value using discounted cash flow method. The revision in agreement follows the guidance issued by the Insurance Regulatory and Development Authority (IRDAI) in October [...]
State-owned CIL on Tuesday said that its arm MCL supplied 143.4 million tonnes of coal till December in the current fiscal, the highest among all the subsidiaries of the coal behemoth. Mahanadi Coalfields Ltd's (MCL) supplies accounted for 28.2 per cent of the total off-take of 507.8 million tonnes from Coal India Ltd (CIL). "MCL's [...]
The forthcoming budget is likely to meet the targeted 6.4 per cent fiscal deficit and pencil in for a 50 bps reduction in the same for the next fiscal, according to a foreign brokerage report. The Modi government will present its last full budget on February 1 as the budget 2024 will be a vote [...]
Equity benchmarks Sensex and Nifty ended 1 per cent lower on Tuesday, dragged down by Reliance Industries and banking stocks along with a weak trend in European markets. Unabated foreign fund outflows also negatively impacted the domestic equity market. The 30-share BSE Sensex tanked 631.83 points or 1.04 per cent to settle at 60,115.48. During [...]
State-owned Coal India's subsidiary NCL will soon start production of M-Sand, a material used for construction works. Northern Coalfields Ltd (NCL) will start production of M-Sand or Manufactured Sand for its Amlohri project in Madhya Pradesh, according to a coal ministry statement on Tuesday. M-Sand is artificial sand produced from crushing hard stones into small [...]
Data adoption and tariff hike-led revenue growth as well as 5G rollouts are key monitorables for 2023 which will also be a decisive year for Vodafone Idea as a viable third player, according to a report. The telecom sector's Average Revenue Per User (ARPU) when adjusted for inflation is still 17 per cent below pre-Reliance [...]
State-owned NTPC on Tuesday said its coal production increased 51 per cent year-on-year from its captive mines to 14.55 million tonne (MT) in April-December 2022. The power giant had produced 9.65 MT of coal from its captive coal mines in the year-ago period, NTPC said in a statement. "Coal mining division of NTPC is maintaining [...]
Public sector Indian Overseas Bank has revised interest rates on rupee retail term deposits up to 45 basis points with immediate effect, the city-headquartered bank said on Tuesday. Accordingly, depositors of domestic, NRO (non-resident ordinary) and NRE (non-resident external) would receive interest rate up to 7.75 per cent by opening term deposits for a period [...]
