.

Coal India arm MCL posts record 168 mt production in FY’22

Bhubaneswar, Apr 1 (PTI) Coal India subsidiary Mahanadi Coalfields Ltd clocked a record production of over 168 million tonne in the 2021-22 financial year, registering a growth of around 14 per cent over the previous fiscal, an official said on Friday.The Odisha-based miner dispatched 176.17 mt of coal to its consumers, with a 21 per [...]

RBI fixes WMA limit for states at Rs 47,010 cr

Mumbai, Apr 1 (PTI) In view of improvement in the pandemic situation, the Reserve Bank on Friday decided to reduce the Ways and Means Advances (WMA) for states and Union Territories to Rs 47,010 crore from Rs 51,560 crore. WMA are temporary advances given by the RBI to the government to tide over any mismatch [...]

Ambassador of Dominican Republic visits Infopark as part of Kerala tour

Kochi, Apr 1 (PTI) Ambassador of the Dominican Republic to India, David Puig, on Friday visited the Infopark here as part of his Kerala tour to learn more about the educational and technological advancements in the state. During his visit, Puig interacted with John M Thomas, the CEO of Kerala State IT Parks, and representatives [...]

FMFL & wine to become cheaper in Odisha as govt reduces excise duty

Bhubaneswar, Apr 1 (PTI) Foreign Made Foreign Liquor (FMFL) and Wine will become cheaper in Odisha as the state government has reduced excise duty on these products in its new Excise Policy for the year 2022-23. In order to reduce disparity in MRP with neighbouring states and also to promote high quality FMFL and low [...]

India, Australia to sign interim trade pact on Saturday; thousands of Indian exports to get duty free access

New Delhi, Apr 1 (PTI) Indian exporters from over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery, will get duty free access in the Australian market immediately after the interim trade agreement between the two countries comes into force, according to government sources. The economic cooperation and trade agreement will be signed by [...]

Chennai & Kamarajar Ports record 25.8% growth in cargo in FY22

Chennai, Apr 1 (PTI) Chennai and Kamarajar Ports have jointly handled 87.3 million metric tonnes of cargo traffic in financial year 2021-22 registering a growth of 25.8 per cent, according to a top official. Chennai Port handled 48.56 million metric tonnes (MMT) of cargo while 38.74 MMT was taken up by Kamarajar Port registering an [...]

Ukraine crisis: Trade to Russia, CIS nations impacted, says govt

New Delhi, Apr 1 (PTI) Trade to Russia and the Commonwealth of Independent States (CIS) countries has been affected due to the Ukraine crisis and shipping lines are not accepting goods for Russian ports, Parliament was informed on Friday. In a written reply in the Lok Sabha, Union Minister for Ports, Shipping and Waterways Sarbananda [...]

PGCIL transfers residual equity in Powergrid Vizag Transmission for Rs 330 cr

New Delhi, Apr 1 (PTI) State-owned Power Grid Corporation of India (PGCIL) has transferred its remaining 26 per cent stake shareholding in Powergrid Vizag Transmission Ltd to infrastructure investment trust PGlnvlT for a consideration of about Rs 330 crore. Also, the company has relinquished its right of additional revenue in its subsidiaries in favour of [...]

TVS Motor sales drop 5 pc in March

New Delhi, Apr 1 (PTI) TVS Motor Company on Friday reported a 5 per cent decline in total sales to 3,07,954 units in March. The company had posted a total sales of 3,22,643 units in the same month last year, TVS Motor Company said in a statement. Total sales of two-wheeler were lower at 2,92,918 [...]