Mumbai, Mar 11 (PTI) The rupee pared its initial gains and settled just 1 paisa lower at 76.44 against the US currency on Friday amid dollar demand from oil importers and state-run power companies. Persistent foreign fund outflows and geopolitical worries sapped risk appetite in the market, pushing investors towards safe-haven assets. At the interbank [...]
New Delhi, Mar 11 (PTI) Polymer products trading firm Vikas Lifecare is planing a capital expenditure of about Rs 120 crore to expand operations, the company said on Friday.The company also plans to hire 250-300 people to support its new projects, the NSE-listed company said in a statement. Under the expansion plans, the company will set up an ethanol project [...]
New Delhi, Mar 11 (PTI) D B Realty on Friday said its partnership firm DBS Realty has received a letter of acceptance from Municipal Corporation of Greater Mumbai (MCGM) to construct 4,000 tenements. "DBS Realty, a partnership firm in which D B Realty Ltd is a one-third partner, has received a Letter of Acceptance (LOA) [...]
New Delhi, Mar 11 (PTI) Factory production expanded by 1.3 per cent on an annual basis in January on account of better performance by mining and manufacturing sectors, though capital goods segment remained in contraction mode, as per government data released on Friday. The Index of Industrial Production (IIP) had contracted by 0.6 per cent [...]
Jubilant FoodWorks, a master franchise of brands such as Domino's and Dunkin' Donuts, on Friday said its CEO Pratik Rashmikant Pota has resigned. The company's board on Friday accepted the resignation of Pota as the CEO and Wholetime Director of the firm as he wishes to pursue opportunities outside Jubilant FoodWorks, the company said in [...]
New Delhi, Mar 11 (PTI) The government on Friday appointed former financial services secretary Debasish Panda as chairman of the Insurance Regulatory and Development Authority of India (IRDAI). The Appointments Committee of the Cabinet has approved Panda's appointment as chairperson of the insurance regulator initially for a period of three years from the assumption of [...]
Kolkata, Mar 11 (PTI) West Bengal Finance Minister Chandrima Bhattacharya on Friday presented a Rs 3.21-lakh crore budget for the 2022-23 fiscal, proposing incentives for battery-operated and CNG vehicles and tax relief for the tea sector.Total budget allocation for 2022-23 will see 3.8 times growth to Rs 3,21,030 crore as against the figure in 2010-11, [...]
New Delhi, Mar 11 (PTI) Messe Frankfurt India along with Auto Component Manufacturers of India (ACMA) will conduct first post-pandemic physical edition of industry event Automechanika at Pragati Maidan from February 1-3, 2024, a release said on Friday. The event would also mark a shift in the exhibition cycle from odd years to even years [...]
Mumbai, Mar 11 (PTI) American retail giant Walmart is not keen on opening direct-to-consumer physical stores in India, but will focus on growing its acquisitions - online marketplace Flipkart and payments major PhonePe, a top official said on Friday.It can be noted that the company acquired Flipkart and PhonePe in a USD 16 billion deal [...]
Mangaluru, Mar 11 (PTI) Following are prices of areca nut, coconut. Areca (per quintal) Old Supari : Rs 47,000 to Rs 52,000 model Rs 51,000 New Supari : Rs 38,000 to Rs 45,000 model Rs 42,000 Koka : Rs 25,000 to Rs 35,000 model Rs 30,000 Coconut [per thousand]: 1st quality: Rs 18,000 to Rs [...]
