India has exported 16.92 lakh tonnes of sugar till January 4 of the ongoing 2022-23 marketing year, including 59,596 tonnes of the sweetener to neighbouring China, trade body AISTA said on Tuesday. Among other neighbouring nations, India has exported 1.47 lakh tonnes of sugar to Bangladesh, and 82,462 tonnes to Sri Lanka during October-January 4 [...]
The government on Monday extended the term of the deputy governor of the Reserve Bank of India (RBI), Michael Debabrata Patra, by a further period of one year. Patra's three-year tenure was coming to an end on January 14. The Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi, has approved Patra's re-appointment [...]
The Bombay High Court on Monday pulled up the Central Bureau of Investigation (CBI) for arresting former ICICI Bank CEO-cum-MD Chanda Kochhar and her businessman-husband Deepak Kochhar in a "casual and mechanical" manner and "clearly without application of mind" in an alleged loan fraud case as it granted them interim bail. The CBI arrested the [...]
Shares of TCS declined nearly 3 per cent in initial trade on Tuesday after the company's December quarter results failed to cheer investors. The stock fell 2.67 per cent to Rs 3,231 apiece on the BSE. At the NSE, it declined 2.70 per cent to Rs 3,230.10 apiece. It was the biggest laggard among the [...]
Institutional investments in retail real estate jumped over six fold to USD 492 million in 2022, as businesses in shopping malls revived strongly post the COVID pandemic, according to Colliers India. In 2021, the retail real estate had attracted only USD 77 million institutional investments because of an adverse impact of the COVID pandemic on [...]
Union Home Secretary Ajay Bhalla on Monday reviewed the steps taken to revamp infrastructure at Delhi's IGI airport that include ramping up capacities, close monitoring and revised scheduling of air slots and de-cluttering of immigration counters. Top officials of the Ministry of Civil Aviation, Directorate General of Civil Aviation (DGCA), Bureau of Civil Aviation Security [...]
Amid tight liquidity condition, banks have issued a record quantum of bonds, with gross issuances hitting an all-time high of Rs 91,500 crore so far this fiscal, and are likely to close the financial year with around Rs 1.4 lakh crore. Gross bond issuances by banks is estimated to reach Rs 1.3-1.4 lakh crore this [...]
Multiplex operator PVR aims to operate 1,000 screens by the end of FY24, by adding 100 more screens in the next 15 months, the company's Joint Managing Director Sanjeev Kumar Bijli said. The company, which on Monday achieved the milestone of 900 screens, would invest around Rs 300 crore to add another 100 screens, Bijli [...]
The shortage of healthcare workers globally could rise to 10 million by the end of the decade, affecting access to care, inequities and treatment of mental health, a new report said on Monday. Launched in the run-up to the World Economic Forum (WEF) Annual Meeting 2023 in the Swiss ski resort town of Davos, the [...]
Tata Motors-owned Jaguar Land Rover on Monday reported a 15 per cent increase in wholesales to 79,591 units for the third quarter ended December 31, 2022. Retail sales for the third quarter stood at 84,827 units, up 5.9 per cent compared to the same quarter a year ago, the company said in a regulatory filing. [...]
