New Delhi, Apr 4 (PTI) Offset obligations were not fulfilled in 21 defence contracts in the last five years and a total penalty of USD 43.14 million was levied on firms involved in 16 such procurement deals, the government said in Rajya Sabha on Monday. Minister of State for Defence Ajay Bhatt, replying to a [...]
New Delhi, Apr 4 (PTI) IndiGo has suspended a few pilots who were planning to organise a strike on Tuesday to protest against the pay cuts that were implemented during the peak of the COVID-19 pandemic, sources said on Monday. During the peak of the pandemic, India's largest airline had cut the salaries of its [...]
Pakistan Stock Exchange's (PSX) benchmark KSE-100 index shed 1,250.07 points on Monday, a day after the President, in a controversial move, dissolved the National Assembly, leading to political uncertainty in the country. The Pakistani rupee also lost value against the US dollar following President Arif Alvi's decision to dissolve the lower house of Parliament on [...]
Mumbai, Apr 4 (PTI) Despite spiralling inflation, the Reserve Bank is likely to hold all key rates and retain the accommodative stance at the forthcoming policy review later this week, a Wall Street brokerage has said.Bank of America Securities India in a pre-policy note on Monday said it expects the RBI-MPC to stay on hold [...]
Jammu, Apr 4 (PTI) A delegation of Indo Canada Chamber of Commerce (ICCC) on Monday visited Jammu and discussed investment and trade opportunities with thrust on exports from Jammu and Kashmir to Canada, an official spokesman said. The delegation headed by President ICCC Ripudaman S Dhillon held a special session with officials and private stakeholders [...]
Kolkata, Apr 4 (PTI) With fuel prices touching a new high every day, private bus and cab operators are contemplating taking their vehicles off the roads if the state and central governments did not provide some succour in the form of an allowance or make way for fare hikes to support the ailing transport sector.Petrol [...]
New Delhi, Apr 4 (PTI) Indian Oil Corporation (IOC), the nation's top oil firm, will partner Larsen & Toubro and Goldman Sachs-backed renewable energy producer ReNew Power to produce green hydrogen as it follows the footsteps of groups headed by billionaires Mukesh Ambani and Gautam Adani to produce carbon-free fuel. The three firms have signed [...]
New Delhi, Apr 4 (PTI) Exporters' body FIEO on Monday said it is taking a delegation of various export promotion councils for business meetings in Australia as a sequel to the recently inked trade pact between Canberra and New Delhi. The delegation consists of councils from different sectors including apparel, gems and jewellery, cotton textiles, services, [...]
New Delhi, Apr 4 (PTI) The government is committed to supplying fertilisers at affordable prices to farmers with required subsidies despite rising international market rates due to the Russia-Ukraine conflict, huge procurements by China and other global factors, which may push the annual fertiliser subsidy to up to Rs 2 lakh crore in the current [...]
Mumbai, Apr 4 (PTI) Starting the financial year 2022-23 on a bullish note, the rupee spurted 21 paise to close at a one month-high of 75.53 against the US dollar on Monday, supported by a firm trend in domestic equities and foreign fund inflows. At the interbank forex market, the local unit opened at 75.77 [...]
