India's agri exports are growing at a healthy pace and there is a need to focus on the processed food sector as it holds huge potential to boost the country's outbound shipments, Trade Promotion Council of India (TPCI) said on Sunday. Keeping this in mind, the council's three-day IndusFood expo kickstarted on January 8 in [...]
Serum Institute of India chief executive officer Adar Poonawalla on Sunday said its Covovax vaccine will get approval as a booster in the next 10 to 15 days, adding it works very well against the Omicron variant of coronavirus. Speaking to reporters on the sidelines of an event at Bharti Vidyapeeth University here, Poonawalla, when [...]
Loans worth Rs 1,550 crore were given in a single day to street vendors, small scale entrepreneurs and cattle rearers at a credit outreach program here on Sunday. Union Finance Minister Nirmala Sitharaman and Lok Sabha Speaker Om Birla handed over the cheques to some beneficiaries. Officials said others will receive their loan amounts during [...]
The Chamber of Trade and Industry (CTI) has written to the Commission for Air Quality Management (CAQM), saying repeated implementation of curbs under Stage III of the Graded Response Action Plan has delayed projects and affected labourers. The Centre's air quality panel had invoked restrictions under Stage III of GRAP including a ban on private [...]
The first 'Global Partnership for Financial Inclusion' meeting of the G20 will begin in Kolkata on Monday with Queen Máxima of the Netherlands addressing the inaugural session. The three-day meeting will focus on the principles of digital financial inclusion, remittance costs and SME finance availability, officials said. It will also feature symposiums, exhibitions and a [...]
A consortium of alternative investment firm Varde Partners and institutional asset manager Arena has submitted a revised bid for the debt-laden Srei group entities after its previous plan was termed as "non-compliant", sources said on Sunday. Plans of the resolution applicants will be put up for voting after submission of a viability report by Dun [...]
Equity benchmarks rallied in initial trade on Monday amid positive trends in global markets and buying in IT counters. The 30-share BSE Sensex climbed 367.92 points to 60,268.29. The broader NSE Nifty advanced 119.4 points to 17,978.85. From the Sensex pack, Tech Mahindra, Tata Consultancy Services, Tata Motors, Bharti Airtel, Tata Steel, HCL Technologies, Wipro, [...]
Gem and jewellery exporters on Sunday urged the government to announce support measures like the abolition of import duty on raw material for lab-grown diamonds and jewellery repair policy to promote the sector and boost shipments in the forthcoming Budget. The industry also suggested the introduction of presumptive taxation on diamond sales at special notified [...]
Eight of the top 10 most valued firms faced a combined erosion of Rs 1,06,991.42 crore in market valuation last week, with IT majors Infosys and Tata Consultancy Services along with HDFC Bank taking the biggest hit. Last week, the Sensex declined 940.37 points or 1.55 per cent. Barring Hindustan Unilever and Life Insurance Corporation [...]
Foreign investors offloaded nearly Rs 5,900 crore from the Indian equity markets in the first week of January on growing concerns over the re-emergence of Covid in some parts of the world and recession worries in the US. Foreign Portfolio Investors (FPIs) have been adopting a cautious stance toward Indian equity markets for the past [...]
