by PTI News | Mar 14, 2022 | 9:47 pm | Economy, News
Mumbai, Mar 14 (PTI) House economists at the nation's largest lender SBI have forecast more pain for the rupee if the ongoing Ukraine war lingers, plumbing to a new low of 77.5 to a dollar by June and marginally improving to 77 by end-December. They also said the current account deficit (CAD) will be at [...]
by PTI News | Mar 14, 2022 | 9:15 pm | News
Chandigarh, Mar 14 (PTI) Haryana Agriculture Minister J P Dalal on Monday asserted that there is no shortage of urea fertiliser in the state and farmers are happy. He was replying to a question in the state assembly raised in the Question Hour by opposition Congress member Kiran Choudhary. Dalal said during the current Rabi [...]
by PTI News | Mar 14, 2022 | 9:14 pm | IPO, News
New Delhi, Mar 14 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow 20 per cent foreign direct investment (FDI) in IPO-bound LIC. The Union Cabinet had last month approved the decision to facilitate disinvestment of the country's largest insurer. PTI RR ABM ABM
by PTI News | Mar 14, 2022 | 9:02 pm | News
Mumbai, Mar 14 (PTI) The microfinance industry on Monday welcomed the revised directions for microfinance loans issued by the Reserve Bank of India (RBI) and said the harmonised regulations will usher in a new era, bring in uniformity and provide a level playing field in the sector. In February last year, RBI had announced [...]
by PTI News | Mar 14, 2022 | 8:42 pm | Corporate Action, News
New Delhi, Mar 14 (PTI) Manufacturer of lithium-ion battery packs for electric vehicles, Battrixx on Monday said it has fully acquired Pune-based Varos Technology Pvt Ltd for an undisclosed sum. Varos is a technology product and service provider in the field of IoT, including tools for electric vehicle (EV) infrastructure and battery management systems. Battrixx [...]
by PTI News | Mar 14, 2022 | 8:39 pm | News
New Delhi, Mar 14 (PTI) The National Company Law Appellate Tribunal (NCLAT) on Monday upheld an NCLT order directing the Damodar Valley Corporation (DVC) to restore the electricity supply of a plant of debt-ridden Karthik Alloys, which is facing insolvency resolution proceedings. The appellate tribunal said that the National Company Law Tribunal (NCLT) has "not [...]
by PTI News | Mar 14, 2022 | 8:31 pm | Company Results, News
New Delhi, Mar 14 (PTI) Flexi-staffing industry has dodged Omicron fears and grew by 21.5 per cent in the third quarter of FY2022 compared to the year-ago period, a report by the Indian Staffing Federation (ISF) said. The IT and ITeS, e-commerce, retail, logistics, and hospitals were among the top hiring sectors in Q3 FY22, [...]
by PTI News | Mar 14, 2022 | 8:26 pm | Economy, News
New Delhi, Mar 14 (PTI) The CBI has filed an FIR against Cethar Limited and its Chairman K Subburaj and Managing Director N K Pothiraj for allegedly cheating Canara Bank to the tune of Rs 163 crore in loan defaults, officials said on Monday.The company started operating in 1981 in Tiruchirappalli, Tamil Nadu and is [...]
by PTI News | Mar 14, 2022 | 8:24 pm | Economy, News
New Delhi, Mar 14 (PTI) Retail inflation hit an eight-month high of 6.07 per cent in February, remaining above the RBI's comfort level for the second month in a row, while wholesale price-based inflation soared to 13.11 per cent on account of hardening of crude oil and non-food item prices, government data showed on Monday. [...]
by PTI News | Mar 14, 2022 | 8:18 pm | Corporate Action, News
New Delhi, Mar 14 (PTI) Strides Pharma Science Ltd on Monday said its promoters have revised downwards their intent to subscribe equity warrants to 20 lakh from an earlier overall commitment to subscribe 40 lakh warrants. In a regulatory filing, the company said its board of directors have approved the revised proposal of the promoters [...]
