The demand for passenger vehicles (PVs) will witness moderate growth over the next few quarters with complete unlocking of the economy and revival of demand, particularly in the rural areas, according to Acuite Ratings & Research. However, it said the volumes may remain partly constrained due to the continuing supply challenges in semiconductors and also [...]
New Delhi, Apr 5 (PTI) Union Minister Sarbananda Sonowal on Tuesday emphasised the important contribution of seafarers during the tough times of COVID-19 in making the country self-reliant and keeping global supply chain operational.The Ports, Shipping and Waterways minister further said during the height of the pandemic, more than 2,10,000 Indian seafarers served on Indian and foreign ships in 2021. [...]
Noida, Apr 5 (PTI) Mortgage permission will be granted to real estate developers in Noida in a bid to help them access the Centre's stress funds to complete their projects, the local authority here said. The decision to grant mortgage permission and reschedule dues was taken during the 204th Board Meeting of the Noida Authority [...]
New Delhi, Apr 5 (PTI) Innovation hub and ecosystem enabler, T-Hub on Tuesday said it has partnered with Renault Nissan Technology and Business Centre India (RNTBCI), for an open innovation challenge for startups. RNTBCI will partner with some of the most innovative automotive startups scouted by T-Hub through the challenge. The winning startups will get [...]
Washington, Apr 5 (PTI) A top Republican lawmaker has welcomed India signing a trade deal with Australia, and urged the Biden administration to enter into a similar arrangement with New Delhi that can advance Washington’s strong economic agenda in the strategically vital Indo-Pacific region. “I'm pleased to see #Australia & #India sign a strong trade [...]
London, Apr 5 (PTI) British Prime Minister Boris Johnson is planning a visit to India towards the end of this month with a focus on strengthening bilateral ties against the backdrop of the ongoing India-UK Free Trade Agreement negotiations, according to official sources. The visit, which is expected around April 22, is long overdue after [...]
Mumbai, Apr 4 (PTI) India's most valuable lender HDFC Bank on Monday agreed to take over the country's largest mortgage lender in a USD 40 billion deal, creating a financial services titan in the largest transaction in the nation's corporate history. Once the deal is effective, HDFC Bank will be 100 per cent owned by [...]
Pakistan Stock Exchange's (PSX) benchmark KSE-100 index shed 1,250.07 points on Monday, a day after the President, in a controversial move, dissolved the National Assembly, leading to political uncertainty in the country. The Pakistani rupee also lost value against the US dollar following President Arif Alvi's decision to dissolve the lower house of Parliament on [...]
Mumbai, Apr 4 (PTI) Despite spiralling inflation, the Reserve Bank is likely to hold all key rates and retain the accommodative stance at the forthcoming policy review later this week, a Wall Street brokerage has said.Bank of America Securities India in a pre-policy note on Monday said it expects the RBI-MPC to stay on hold [...]
Jammu, Apr 4 (PTI) A delegation of Indo Canada Chamber of Commerce (ICCC) on Monday visited Jammu and discussed investment and trade opportunities with thrust on exports from Jammu and Kashmir to Canada, an official spokesman said. The delegation headed by President ICCC Ripudaman S Dhillon held a special session with officials and private stakeholders [...]
