The Union Cabinet on Wednesday approved advancing the target of blending 20 per cent ethanol in petrol by 5 years to 2025-26 as well as allowing more feedstocks for the production of biofuels in a bid to cut reliance on imported oil for meeting the country's energy needs. The Cabinet, headed by Prime Minister Narendra [...]
Salaries of senior executives in India are likely to increase by 8.9 per cent in 2022, highest in five years, amid a recovery in business sentiments post pandemic, according to leading global professional services firm Aon plc. The Aon's 11th annual Executive Rewards Survey in India, which analysed data across 475 companies from more than [...]
Many people believe that technology is neutral or unbiased, but the reality is more complex, especially in an immersive environment. If the proponents of the metaverse have their way we’ll one day be lining up for healthcare or a mortgage in a virtual world run by virtual decision makers. Design of the artificial intelligence systems [...]
As taxpayers face technical glitches on the GST portal, the government on Tuesday extended the due date for April tax payment till May 24 and has directed Infosys for early resolution of the problem. “The due date for filing FORM GSTR-3B for the month of April 2022 has been extended till 24th May 2022,” the [...]
Luxury and premium watch retail player Ethos on Tuesday said it has raised around Rs 142 crore from anchor investors ahead of its initial share sale, which opens for subscription on Wednesday. The company has decided to allocate 16,13,725 equity shares to anchor investors at Rs 878 apiece, aggregating the transaction size to Rs 141.68 [...]
The Federation of Hotel & Restaurant Associations of India has suggested various measures and sought the government's intervention for the revival and growth of the hospitality industry. The recommendations include making tourism a priority sector, according infrastructure status to hospitality industry, ensure better credit facilities, subsidies and incentives, rationalisation of GST, continuation of EPCG scheme, [...]
Telecom operator Bharti Airtel on Tuesday announced the appointment of former cabinet secretary P K Sinha, and former PwC India head Shyamal Mukherjee as independent directors on its board. The appointments are subject to approval by shareholders at Airtel's upcoming Annual General Meeting, the company said in a regulatory filing. PK Sinha served as the [...]
Motilal Oswal Financial Services on Tuesday announced buyback of its 14.55 lakh equity shares at a price of Rs 1,100 per unit for an aggregate amount not exceeding Rs 160 crore. The buyback represents 0.98 per cent of the total paid-up equity share capital of the company as on March 31, 2022, Motilal Oswal Financial [...]
Steel Authority of India Ltd has supplied 4,300 tonnes of special steel for India’s indigenous navy warships INS ‘Udaygiri’ and INS ‘Surat’, an official said. The entire quantity of steel has been supplied from SAIL’s Bokaro, Bhilai and Rourkela Steel Plants, he said. “This is in continuation to SAIL’s sustained efforts to contribute substantially in [...]
Vedanta Aluminium on Tuesday said that it has entered into long-term pact with the National Highways Authority of India to construct greener roads with fly-ash in Odisha. Fly-ash is a by-product of thermal power generation using coal. "The company has... entered a long-term partnership with the National Highways Authority of India (NHAI) for building greener [...]
