Equity benchmarks ended over 1 per cent higher on Monday amid positive trends in global markets and buying in Reliance Industries and IT counters. The 30-share BSE Sensex zoomed 846.94 points or 1.41 per cent to settle at 60,747.31. During the day, it jumped 989.04 points or 1.65 per cent to 60,889.41. The broader NSE [...]
Switzerland is keen to accelerate bilateral ties with India by tapping more trade and investment opportunities, and both countries are also working to create an innovation platform, according to Swiss Ambassador to India Ralf Heckner. Emphasising that his "expectations are very high", he said innovation and a free trade agreement can take the bilateral relations [...]
State-owned CESL on Monday said it has invited bids to lease out 3,500 electric vehicles for a period of up to 5 years. The bids have been invited from original equipment manufacturers (OEMs)/leasing agencies/NBFCs for leasing the 4-watt battery-based cars to various departments and autonomous bodies across 18 states and Union Territories for a tenure [...]
The demand for Indian generic drugs has shot up in China amid the massive COVID surge in the country, with Chinese experts cautioning that fake versions of these drugs are flooding the market. China’s National Health Security Administration said on Sunday that Pfizer's Paxlovid oral medication, which is used to treat Covid-19, could not be [...]
India's agri exports are growing at a healthy pace and there is a need to focus on the processed food sector as it holds huge potential to boost the country's outbound shipments, Trade Promotion Council of India (TPCI) said on Sunday. Keeping this in mind, the council's three-day IndusFood expo kickstarted on January 8 in [...]
Loans worth Rs 1,550 crore were given in a single day to street vendors, small scale entrepreneurs and cattle rearers at a credit outreach program here on Sunday. Union Finance Minister Nirmala Sitharaman and Lok Sabha Speaker Om Birla handed over the cheques to some beneficiaries. Officials said others will receive their loan amounts during [...]
The Chamber of Trade and Industry (CTI) has written to the Commission for Air Quality Management (CAQM), saying repeated implementation of curbs under Stage III of the Graded Response Action Plan has delayed projects and affected labourers. The Centre's air quality panel had invoked restrictions under Stage III of GRAP including a ban on private [...]
The first 'Global Partnership for Financial Inclusion' meeting of the G20 will begin in Kolkata on Monday with Queen Máxima of the Netherlands addressing the inaugural session. The three-day meeting will focus on the principles of digital financial inclusion, remittance costs and SME finance availability, officials said. It will also feature symposiums, exhibitions and a [...]
Equity benchmarks rallied in initial trade on Monday amid positive trends in global markets and buying in IT counters. The 30-share BSE Sensex climbed 367.92 points to 60,268.29. The broader NSE Nifty advanced 119.4 points to 17,978.85. From the Sensex pack, Tech Mahindra, Tata Consultancy Services, Tata Motors, Bharti Airtel, Tata Steel, HCL Technologies, Wipro, [...]
Gem and jewellery exporters on Sunday urged the government to announce support measures like the abolition of import duty on raw material for lab-grown diamonds and jewellery repair policy to promote the sector and boost shipments in the forthcoming Budget. The industry also suggested the introduction of presumptive taxation on diamond sales at special notified [...]
