Mumbai, Apr 3 (PTI) The Reserve Bank is likely to maintain status quo on interest rates in its forthcoming monetary policy review but may change the stance in view of retail inflation piercing its upper tolerance limit, global uncertainties created by the ongoing Russia-Ukraine war, and the urgency to protect and boost growth, feel experts. [...]
New Delhi, Apr 3 (PTI) As the country is expected to add another 183 million people to the working age group of 15-64 years between 2020-50, its demographic dividend may turn into a liability in the absence of enough jobs and the required skilled workforce, a report released on Sunday said. The report on India's [...]
New Delhi, Apr 3 (PTI) Twitter-rival Koo is planning to introduce the 'identification tick' option on a voluntary basis for all its general users as the homegrown microblogging platform broadens its verification programme beyond the current yellow badge given to eminent accounts.Koo co-founder and CEO Aprameya Radhakrishna told PTI that while the platform aspires to [...]
Guwahati, Apr 3 (PTI) PSU major Indian Oil Corporation on Sunday said it will invest nearly Rs 840 crore in expanding its Petroleum, Oil and Lubricant (POL) storage capacities, including setting up a greenfield facility, in the Northeast.The company is planning to take its POL capacities to 5,530 Thousand Metric Tonnes Per Annum (TMTPA) by [...]
New Delhi, Apr 3 (PTI) The prices of residential air conditioners may go up by around 5 per cent as the industry faces soaring input costs even though the makers are looking for double-digit growth this year with early onset of summer spurring demand. Buoyed by the the recent prediction by the India Meteorological Department [...]
New Delhi, Apr 3 (PTI) With the COVID worries fading, the banking sector is set to register robust growth in the current fiscal on the back of stable macroeconomic conditions and growth-oriented policies of the government, said Bank of Maharashtra (BoM) Managing Director AS Rajeev.The banking sector is at an inflection point with COVID-19 related-problems [...]
State-owned Oil and Natural Gas Corporation (ONGC) is likely to see a USD 3 billion (about Rs 23,000 crore) rise in its annual earnings from the more than doubling of the price of natural gas it produces, while Reliance Industries may get USD 1.5 billion (Rs 11,500 crore) more in revenue, a report has said. [...]
Petrol prices on Sunday were above Rs 100 a litre mark in all major cities across the country after its rates and that of diesel were hiked by 80 paise a litre each - the 11th increase in less than two weeks that took the total to a record Rs 8 per litre. Petrol in [...]
New Delhi, Apr 3 (PTI) The government is planning certain modifications in the PLI Scheme for speciality steel and has extended the last day to submit the applications by about a month till April 30, a senior government official has said.On July 22 last year, the Union Cabinet chaired by Prime Minister Narendra Modi had [...]
The Sri Lankan government on Sunday blocked social media platforms such as WhatsApp, Twitter, Facebook and Instagram after declaring a nationwide public emergency and imposing a 36-hour curfew ahead of a planned anti-government rally over the worst economic crisis in the island nation. The move is aimed at preventing masses from gathering in Colombo to [...]
