The Union Cabinet has approved financial support of Rs 820 crore for India Post Payments Bank, a source said on Wednesday. The support will help state-run payments bank to penetrate deeper into the country, especially in the rural area and work towards financial inclusion. "There was a proposal to provide Rs 820 crore financial support [...]
Mumbai, Apr 27 (PTI) As the country recovers from the pandemic, the retail industry has resumed its growth trajectory and is likely to witness 10 per cent annual growth to reach approximately USD 2 trillion by 2032, according to a report. According to a BCG-RAI report titled "Racing towards the next wave of Retail in [...]
New Delhi, Apr 27 (PTI) Gross leasing of industrial and warehousing space rose 11 per cent across five major cities to 6.2 million square feet during January-March period, according to real estate consultant Colliers India."Activity in Grade A industrial and warehousing facilities continues to be robust during Q1 2022 with gross absorption in the top [...]
New Delhi, Apr 27 (PTI) Jaguar Land Rover (JLR) on Wednesday said it has initiated "Open Innovation strategy", to accelerate next-generation technology and sustainability to support its modern luxury vision for the business, its partners, and customers. Open Innovation will drive collaborations with start-ups, scale-ups and like-minded external organisations on electrification, connectivity, digital services, metaverse, [...]
New Delhi, Apr 27 (PTI) NTPC has collaborated with Swiss firm Energy Vault for deployment of gravity-based energy storage technology and software solutions based on the outcome of a joint feasibility study. NTPC has signed a Memorandum of Understanding (MoU) with Energy Vault Holdings, Inc (Energy Vault) in this regard, a statement said. The objective [...]
New Delhi, Apr 26 (PTI) The CBDT has issued fresh directions for the functioning of the 2015 constituted Income Tax department's regional or local committees of officers to deal with grievances of tax payers who have been served with "high-pitched" assessments during scrutiny.The new guidelines for the functioning of these committees, according to a CBDT [...]
Mumbai, Apr 26 (PTI) Tech-logistics firm COGOS Technologies on Tuesday announced expanding its services to Punjab, Madhya Pradesh and Rajasthan. Now, it has presence in more than 300 cities across 24 states and aims to have a pan-India presence by the end of this fiscal, according to a statement. The aim is to lead the city logistics [...]
Mumbai, Apr 26 (PTI) Tripping at an important substation feeding power to the megapolis led to a power cut of over an hour in many parts of the country's financial capital on Tuesday, aggravating woes for people already sweltering under a heat wave. Lines at the Padgha substation located near Kalyan tripped at about 10 [...]
Kolkata, Apr 26 (PTI) India-Australia Economic Cooperation and Trade Agreement is going to strengthen not only the bilateral trade between the two countries but also improve India's image in the world post-RCEP, said a professor of a policy research institute.India had in November 2019 opted out of the 15-nation Regional Comprehensive Economic Partnership, which is [...]
New Delhi, Apr 26 (PTI) India and Maldives plan to set up a transmission interconnection for transfer of renewable power between the two countries. The proposal was discussed during the meeting between Power and New and Renewable Energy Minister R K Singh and Maldives' Environment, Climate Change and Technology Minister Aminath Shauna in the national [...]
