by PTI News | Mar 11, 2022 | 8:14 pm | Economy, News
New Delhi, Mar 11 (PTI) India's digital economy is expected to witness exponential growth to USD 800 billion by 2030 on the back of rising internet penetration and increasing income, Finance Minister Nirmala Sitharaman said on Friday. Addressing the IIT Bombay Alumni Association virtually, she said India has over 6,300 fintechs, of which 28 per [...]
by PTI News | Mar 11, 2022 | 8:06 pm | Corporate Action, News
New Delhi, Mar 11 (PTI) Apple premium reseller Unicorn Infosolutions is planning to set up 75 stores in the next three years, a senior company official said on Friday.Unicorn Infosolutions director Baljinder Paul Singh said the company is planning to open stores in the north and west India, and if iPhone maker Apple recommends then [...]
by PTI News | Mar 11, 2022 | 8:04 pm | Economy, News
Kochi, Mar 11 (PTI) The industry in Kerala on Friday welcomed the first complete budget of the second term of the Pinarayi Vijayan-headed government for the fiscal 2022-23 and said the financial allocation focussed on key engines of growth for an integrated development of the state. The Cochin Chamber of Commerce and Industry said it [...]
by PTI News | Mar 11, 2022 | 8:04 pm | Economy, News
New Delhi, Mar 11 (PTI) India and Canada on Friday agreed to formally re-launch the negotiations for a proposed free trade agreement, which aims at boosting economic ties between the two countries.This issue was discussed during the fifth Ministerial Dialogue on Trade and Investment (MDTI). Commerce and Industry Minister Piyush Goyal and Canadian Minister of [...]
by PTI News | Mar 11, 2022 | 7:58 pm | Corporate Action, News
Mumbai, Mar 11 ( PTI) EV maker Omega Seiki Mobility (OSM) has formed a strategic partnership with Kathmandu-based MAW Vriddhi Commercial Vehicle to retail its vehicles in Nepal, according to a release. This association will enable OSM to meet the evolving needs of a customer base, which is rapidly looking for a sustainable and zero-emission last-mile [...]
by PTI News | Mar 11, 2022 | 7:49 pm | Corporate Action, News
New Delhi, Mar 11 (PTI) The Supreme Court on Friday agreed to examine a plea seeking a direction to Centre for formulating a Uniform Code of Pharmaceutical Marketing Practices to curb unethical practices of Pharma companies and ensure an effective monitoring mechanism, transparency, accountability as well as consequences of violations.A bench of Justices DY Chandrachud [...]
by PTI News | Mar 11, 2022 | 7:49 pm | Corporate Action, News
New Delhi, Mar 11 (PTI) IDBI Bank on Friday said it has become one of the stakeholders in the government-promoted bad bank National Asset Reconstruction Company Ltd (NARCL), and will invest over Rs 272 crore to acquire equity stake and subscribe to its bonds. "IDBI Bank has become one of the stakeholders of NARCL on [...]
by PTI News | Mar 11, 2022 | 7:42 pm | Economy, News
Mumbai, Mar 11 (PTI) The RBI mandate on data localisation is not the best solution to address concerns regarding information security, global cards major Visa said on Friday. However, the company's chief executive Alfred F Kelly Jr made it clear that it believes in compliance with the local laws. Its rivals Mastercard and American Express [...]
by PTI News | Mar 11, 2022 | 7:40 pm | Economy, News
Mumbai, Mar 11 (PTI) The sweeping economic sanctions on Russia - the second largest producer of crude oil - following its invasion of Ukraine late last month can cull global and domestic growth along with the added pains of higher inflation and currency depreciation, RBI Deputy Governor Michael Patra has said.And if the war lingers [...]
by PTI News | Mar 11, 2022 | 7:25 pm | News
New Delhi, Mar 11 (PTI) Realty firm Sobha Ltd on Friday said its Vice Chairman and Managing Director Jagdish Chandra Sharma has resigned with effect from April 1, citing personal reasons. In a regulatory filing, Sobha informed that Sharma, vide a letter dated March 11, "tendered his resignation for the position of Director, Vice Chairman, [...]
