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Cabinet nod to SPV for monetisation of surplus land

New Delhi, Mar 9 (PTI) The Union Cabinet on Wednesday approved creating a new company to hold and monetise surplus land and buildings of government agencies and PSUs that are being privatised or being shut down. The special purpose vehicle (SPV) called the National Land Monetisation Corporation (NLMC) will be set up as a wholly-owned [...]

Crude oil futures rise on spot demand

New Delhi, Mar 9 (PTI) Crude oil prices rose by Rs 177 to Rs 9,615 per barrel on Wednesday as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 177 or 1.88 per cent at Rs 9,615 per barrel in 9,009 [...]

Guar gum futures gain on demand

New Delhi, Mar 9 (PTI) Guar gum prices on Wednesday rose by Rs 183 to Rs 10,920 per five quintals in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for March delivery traded higher by 1.7 per cent or Rs 183 at Rs [...]

Guar seed futures rise on fresh bets

New Delhi, Mar 9 (PTI) Guar seed prices on Wednesday rose by Rs 55 to Rs 5,985 per 10 quintals in futures trade after speculators increased their positions driven by a firm trend at spot market. On the National Commodity and Derivatives Exchange, guar seed contracts for March delivery increased by Rs 55 or 0.93 [...]

Apparel retailers’ revenue expected to grow 25 pc in FY22: Report

Mumbai, Mar 9 (PTI) Apparel retailers are set to witness a 25 per cent jump in their revenues during FY22 after a 40 per cent fall in FY21 on account of the pandemic, a rating agency said on Wednesday. On the profitability front, the operating margins will come at 5-7 per cent, which is higher [...]

BULLION OENING RATE

SLUG PRICES MUM GENERAL OPEN MARCH 9, 2022 MUMBAI, (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 71878.00 STANDARD GOLD (99.5) : 54066.00 PURE GOLD (99.9) : 54283.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : Rs.71,100.00 Per Kg.SILVER RDY.(PORTION) : Rs.71,200.00 Per Kg.GOLD(24-CARAT) RDY. : Rs.54,250.00 Per 10 Gms.GOLD(22-CARAT) RDY. : Rs.51,450.00 Per 10 [...]

Assam’s women dairy farmers on way to empowerment

Guwahati, Mar 9 (PTI) Nayanmoni Bharali of Assam’s Hojai started her venture of animal husbandry with just one cow six years ago and now sells 80-85 litres of milk daily, earning a revenue of Rs 10 lakh per year. She is among 6,800 women dairy farmers who have empowered themselves with animal farming and scripted [...]

Lending app Money View raises USD 75 mn from Tiger Global, Accel, others

Mumbai, Mar 9 (PTI) Bengaluru-headquartered online credit platform Money View has raised USD 75 million in Series-D funding from Tiger Global, Winter Capital, Evolvence India and Accel, along with other investors including South Park Commons, Trusted Insight and Dream Incubator. The latest funding values the start-up, co-founded by Puneet Agarwal and Sanjay Aggarwal,  at USD [...]

Lexus Launches the All-New NX 350h in India: Reimagining the future of Luxury

• Features a refined and powerful Hybrid powertrain • The second-generation NX uses the Global Architecture–K or "GA-K" platform, which is an exceptionally rigid and modern platform designed for use in mid-size luxury vehicles.• Introduction of Lexus Interface – an all-new multimedia system with a 14-inch touchscreen display.• Touch sensor type steering wheel switches linked [...]

Sanctions on Russia unlikely to create problems for India’s defence sector: V K Saraswat

New  Delhi, Mar 9 (PTI) India's defence sector will not face any problems because of the western sanctions on Russia as Moscow has an inherent military strength and is self-sufficient in its production capabilities, Niti Aayog member V K Saraswat said on Wednesday. Russia is one of biggest suppliers of defence products and equipment to India mostly [...]