Mumbai, Nov 23 (PTI) Equitas Small Finance Bank (SFB) on Tuesday said it has partnered with HDFC Bank to launch its new co-branded credit cards. The credit cards will be available for Equitas Small Finance Bank's customers. There are two categories of credit cards - Excite Credit Card and Elegance Credit Card. While Excite credit [...]

Jammu, Nov 23 (PTI) Union Finance Minister Nirmala Sitharaman on Tuesday said all the money taken away from the banks will be taken back as the government is actively pursuing the cases of loan defaulters, irrespective of whether they are in India or outside the country. She said the central government is working in close [...]

Mumbai, Nov 22 (PTI) The second-largest private sector lender ICICI Bank has improved its market share in Exim trade transactions this fiscal and aims to grow it further as the exports from the country rise, a senior official said on Tuesday.The bank's market share in the Exim trade increased to 7.5 per cent of the [...]

New Delhi, Nov 23 (PTI) The National Bank for Financing Infrastructure and Development (NaBFID) is likely to begin its lending operations with about 190-200 big infrastructure projects in the railways, roads and energy sector, its newly appointed Chairman K V Kamath said. Last month, the government had announced the appointment of the veteran banker as [...]

Pune, Maharashtra, India (NewsVoir) Uncertain and volatile market movements can affect one’s investments and subsequently the returns earned from these investments. To safeguard one’s earnings from market volatilities, it’s vital to choose a sound financial tool unaffected by market movements. Fixed deposits are fixed-income instruments that don’t bear the impact of market conditions. Usually, banks [...]

New Delhi, Nov 23 (PTI) Generic medicines retail chain Medkart on Tuesday said it has raised Rs 40 crore in a funding round co-led by Alkemi Growth Capital and Insitor Partners. Other investors who participated in the Series A round of funding include angel investor Prashant Poddar among others, the company said in a statement. [...]

Mumbai, Nov 23 (PTI) Bengaluru-based cafe chain Third Wave Coffee on Tuesday said it is planning to expand to over 300 stores in 20 cities by 2022-23. Currently, the brand clocks a total of 21 cafes in India — 18 in Bengaluru and three in Delhi and Gurgaon, the company said in a statement. Third [...]

New Delhi, Nov 23 (PTI) Debt-ridden telecom operator Vodafone Idea on Tuesday announced an increase in mobile call and data tariffs across plans by 18-25 per cent for prepaid customers, with effect from November 25. The development comes a day after Bharti Airtel announced a similar level of tariff hike in mobile prepaid users. While [...]

Mumbai, Nov 23 (PTI) OPENING RATES SILVER SPOT (IN RS PER kg): 64532.00 STANDARD GOLD (99.5) : 47884.00 PURE GOLD (99.9) : 48076.00 -------------------- PTI MUM SVC SHW SHW

New Delhi, Nov 23 (PTI) India plans to release about 5 million barrels of crude oil from its emergency stockpile in tandem with the US, Japan and other major economies to cool international oil prices, a top government official said on Tuesday.This is the first time ever that India, which stores 5.33 million tonnes or [...]

New Delhi, Nov 23 (PTI) SJVN Chairman and Managing Director Nand Lal Sharma on Tuesday virtually inaugurated the works of the 660-megawatt (MW) second unit of the state-owned power producer's Buxar Thermal Power Plant in Bihar. "Nand Lal Sharma, chairman and managing director of SJVN, virtually inaugurated the works of the second unit of (2 [...]

New Delhi, Nov 23 (PTI) True Credits - the NBFC and an affiliate of an RBI-authorised lending company True Balance - on Tuesday announced a debt fundraise of USD 30 million (about Rs 223.2 crore) from investors, including Northern Arc, Arthmate, Shine Star and others. With this, the total debt fund raised stood at USD [...]

Mumbai, Nov 23 (PTI) Kinetic Green and its Italian JV partner Tonino Lamborghini Spa unveiled a new range of electric golf carts under the legendary brand Iso at the 2021 edition of the 6-day Milan Motorcycle Shows, which began on Tuesday. The Iso Divo golf carts will be available in two versions, Strada and Golf, [...]

New Delhi, Nov 23 (PTI) Crude oil prices on Tuesday fell by Rs 51 to Rs 5,695 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil for December delivery dropped by Rs 51, or 0.89 per cent, to Rs 5,659 per barrel with a business volume of 6,175 lots. Analysts [...]

New Delhi, Nov 23 (PTI) Chennai-based TVS Motor Company on Tuesday said it will invest Rs 1,200 crore in Tamil Nadu in the next four years on future technologies and electric vehicles, and it has inked an agreement with the state government in this regard.The investment will be mainly for the design, development, manufacturing of [...]

Chennai, Nov 23 (PTI): Greaves Electric Mobility, the e-mobility division of Greaves Cotton Ltd on Tuesday said the company's largest electric vehicle production facility in Tamil Nadu was formally inaugurated by Chief Minister M K Stalin. The Chief Minister along with his cabinet colleague Industries Minister Thangam Thennarasu through virtual platform inaugurated the facility located [...]

New Delhi, Nov 23 (PTI) The government is considering a proposal to provide more tax-related concessions on vehicles that are purchased after scrapping old vehicles under the recently launched National Automobile Scrappage Policy, Union Minister Nitin Gadkari said on Tuesday. While inaugurating Maruti Suzuki Toyotsu India's first government-approved scrapping and recycling facility for end-of-life vehicles (ELVs), [...]

New Delhi, Nov 23 (PTI) Real estate platform NoBroker.com has raised USD 210 million (Rs 1,575 crore) from investors, including General Atlantic and Tiger global to expand its business across 50 cities, a top company official said on Tuesday. Bengaluru-based NoBroker, which was launched in 2013, has raised the fund at USD 1 billion valuation [...]

New Delhi, Nov 23 (PTI) Capital markets regulator Sebi came out with disclosure requirements to be placed by listed entities before the audit committee and shareholders for consideration of related party transactions (RPTs).A listed entity will have to justify as to why the RPT is in its interest, besides, a copy of the valuation or [...]

New Delhi, Nov 23 (PTI) The Indian paper industry, which is facing inadequate raw material availability, has urged the government to offer degraded forest land and non-forest government land near mills for pulpwood plantation, a move that will also help increase the green cover in the country. Raw material security is necessary for the paper [...]

Wins the "Best Companies for Women in India 2021" award for the fourth time for its progressive women-centric policies and well-balanced, equitable, inclusive work culture NEW DELHI, Nov. 23, 2021 /PRNewswire/ -- Shell has been chosen for the 'Exemplar of Inclusion' award in the third edition of Working Mother & Avtar Most Inclusive Companies Index [...]

New Delhi, Nov 23 (PTI) Anil Ghanwat, one of the members of the Supreme Court-appointed panel on farm laws, on Tuesday wrote to Chief Justice of India, urging him to consider releasing the report on the three agri laws in the public domain at the earliest or authorise the committee to do so. Ghanwat, also [...]

New Delhi, Nov 23 (PTI) Power Minister R K Singh on Tuesday flagged off reconstruction and restoration activities worth Rs 22.5 crore in Uttarakhand by central power sector enterprises (CPSEs) of power sector, to give relief after flood damages in state in October. "Union Minister of Power R K Singh today presented a cheque of [...]

Greater Noida, Uttar Pradesh, India – Business Wire India Shiv Nadar University-Atal Incubation Centre (SNU-AIC) hosted ‘IdeaXchange’ - a two-day event that connected over 60 founders from more than 30 start-ups being incubated by SNU-AIC with industry stalwarts, investors, mentors, key government officials, and innovation and technology heads from across the country. The start-ups pitched [...]

Mumbai, Maharashtra, India – Business Wire India Data and Analytics is transforming all industries, and Mass Customization is no exception. 47% of surveyed (in 2019) businesses report that data and analytics have fundamentally changed the nature of competition in their industries. Organizations that use data effectively are more competitive, more profitable, and have more loyal [...]

Bengaluru, Karnataka, India – Business Wire India • This innovation offers optimum convenience, precision, safety allowing a secure fit and robust system with no losable parts and low force accessory switch.• Featuring 5x faster accessory change and flat grinding to improve productivity and reduce downtime with just one click.• Supports a new generation of corded [...]

Mumbai, Nov 23 (PTI) German luxury car maker Audi on Tuesday launched the facelift version of its 5-seater SUV Q5, in two variants -- Technology and Premium Plus -- priced at Rs 63.77 lakh and Rs 58.93 lakh (ex-showroom), respectively. The latest roll out is the ninth vehicle from Audi in the domestic market in [...]

New Delhi, Nov 23 (PTI) Anil Ghanwat, one of the members of the Supreme Court-appointed panel on farm laws, on Tuesday wrote to Chief Justice of India, urging him to consider releasing the report on the three agri laws in the public domain at the earliest or authorise the committee to do so. Ghanwat, also [...]

New Delhi, Nov 23 (PTI) Kids and maternity wear retailer Me N Moms aims to have a network of 200 stores by the end of this financial year. The retailer on Tuesday announced to open 12 new stores in six states across India, as part of its expansion plan. The company is continuing with its [...]

New Delhi, Nov 23 (PTI) NPCI Bharat BillPay has on-boarded Tata Power on its platform through which customers will be able to pay their electricity bills in a hasslefree and seamless manner. This will enable over seven lakh customers of Tata Power (Mumbai) to pay their electricity bills through ClickPay payment link. NPCI Bharat BillPay, [...]

New Delhi, Nov 23 (PTI) The consumer electronics and home appliances industry body CEAMA has welcomed the government's move to extend the deadline to implement the 'Star Labelling Program' by another six months to June 30, 2022. The deadline fixed by the Ministry of Power for the industry to implement the Star Labelling Program, which [...]

New Delhi, Nov 23 (PTI) Refined soya oil prices on Tuesday fell Rs 2.1 to Rs 1,240.5 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market. On the National Commodity and Derivatives Exchange, refined soya oil for delivery in December declined by Rs 2.1 or 0.17 per cent, [...]

New Delhi, Nov 23 (PTI) Guar seed prices on Tuesday went down by Rs 58 to Rs 6,103 per 10 quintal in futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery was trading at Rs 6,103 down by Rs 58, or 0.94 per cent per 10 quintal with an [...]

New Delhi, Nov 23 (PTI) Guar gum prices on Tuesday fell by Rs 156 to Rs 11,224 per five quintal in futures market as traders offloaded their holdings in line with weak trend in spot market.On the National Commodity and Derivatives Exchange, guar gum for December delivery declined by Rs 156 or 1.37 per cent, [...]

New Delhi, Nov 23 (PTI) Retailers Association of India (RAI) on Tuesday urged Finance Minister Nirmala Sitharaman, state governments and GST Council to reconsider the proposed hike in GST rates on several textiles and apparel items to 12 per cent from January saying it will adversely impact 85 per cent of the sector. Stating that [...]

New Delhi, Nov 23 (PTI) Shares of Latent View Analytics on Tuesday made a stellar market debut, listing with a premium of 169 per cent gainst the issue price of Rs 197.The stock listed at Rs 530, reflecting a huge gain of 169 per cent from the issue price on BSE. It further jumped 178.55 [...]

BENGALURU, India, Nov. 23, 2021 /PRNewswire/ -- Bert Labs, AI-IoT powered solutions company, founded by Rohit Kochar, announced an investment of US$ 1million from the Katkar Family Office, Kailash Katkar, Sanjay Katkar (Founders of Quick Heal Technologies Limited), and an investor, Jeevan Patwa. This is as part of US$3million bridge round to close in November [...]

Hyderabad, Telangana, India (NewsVoir) Every child born is a unique individual and they have their own path to success. They develop at their own pace and in their own way. Some kids are gifted athletes or artists while others find inspiration in science and books. They must be understood in their uniqueness, and their individuality [...]

LONDON, Nov. 22, 2021 /PRNewswire/-- The Commonwealth of Dominica and the People's Republic of China are celebrating a significant milestone in their 17-year diplomatic relationship. This was demonstrated in a monumental visa-free agreement signed in Dominica's capital Roseau on November 22nd. The move will enable citizens of both countries to travel back and forth without [...]

The company joins past winners including Apple and Cisco thanks to their dedication to employee success HYDERABAD, India, Nov. 22, 2021 /PRNewswire/ -- ValueLabs, a global technology services provider, has been awarded the prestigious Gold Stevie® Award at this year's Stevie® Awards for Great Employers for their prompt and dedicated response to their employees' needs [...]

New Delhi, Nov 22 (PTI) All India bank officers' union AIBOC on Monday said it will hold protest march across the country from Wednesday to oppose privatisation of banks by the government. The All India Bank Officers' Confederation (AIBOC), the apex organisation of bank officers in the country, is organising Bharat Yatras from different parts [...]

New Delhi, Nov 22 (PTI) Global liquor major Diageo and the International Spirits and Wines Association of India (ISWAI) on Monday welcomed the move of the Maharashtra government to slash the excise duty by 50 per cent on imported liquor. However, domestic Indian-made foreign liquor (IMFL) manufacturers are opposing the move. The Confederation of Indian [...]

SAVE Solutions raises Rs 60 cr from Incofin, Maj Invest New Delhi, Nov 22 (PTI) SAVE Solutions, a rural financial inclusion services group, on Monday said it has raised Rs 60 crore from existing investors Incofin and Maj Invest. The amount will be used for scaling up its two fully-owned subsidiaries operating in the micro [...]

Mumbai, Nov 22 (PTI) Inching closer to resolving the Punjab and Maharashtra Cooperative (PMC) Bank issue, the Reserve Bank on Monday came out with a draft scheme for takeover of the crisis-hit bank by the Delhi-based Unity Small Finance Bank (USFB). The draft scheme of amalgamation envisages takeover of the assets and liabilities of PMC [...]

Mumbai, Nov 22 (PTI) The Monetary Policy Committee (MPC) should not continue with unconventional measures now, and it is possible to have lower liquidity levels while continuing with the growth-enhancing accommodative stance, a senior RBI official witting on the rate-setting panel said on Monday. As the growth normalises, it "makes policy sense" to lower the [...]

New Delhi, Nov 22 (PTI) Redmi India, a sub-brand of Xiaomi India, on Monday said it has joined hands with Reliance Jio to conduct 5G trials for its upcoming Redmi Note 11T 5G smartphone. To verify the capability and performance of their upcoming device, the two companies conducted a 5G standalone lab trial, and tested [...]

New Delhi, Nov 22 (PTI) The government is encouraging adoption of electric vehicles and use of alternative fuels like ethanol, bio-LNG, green hydrogen, but it will not stop registration of internal combustion engine (ICE) vehicles, Union Minister Nitin Gadkari said on Monday.        Addressing virtually an event organised by industry body Indian Chamber [...]

New Delhi, Nov 22 (PTI) Civil Aviation Minister Jyotiraditya Scindia on Monday said the number of airlines and routes has increased significantly in recent years due to the regional air connectivity scheme. The scheme, known as UDAN, aims to make provide air connectivity to more places as well as make flying more affordable. Speaking at [...]

New Delhi, Nov 22 (PTI) State-owned EESL has collaborated with the Global Environmental Facility (GEF), MSME ministry, and the United Nations Industrial Development Organization (UNIDO) to implement a project on promoting market transformation for energy efficiency in the micro, small and medium enterprises (MSME) sector. "Energy Efficiency Services Ltd (EESL), a joint venture under the [...]

Mumbai, Nov 22 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 723.00 COPPER HEAVY SCRAPS 715.00 COPPER ARMATURE (CREDIT) 698.00 COPPER UTENSILS SCRAP 631.00 CC ROD 772.00 BRASS :- BRASS SHEET CUTTING 540.00 BRASS UTENSIL SCRAP 480.00 BRASS HONEY 482.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 176.00 ALUMINIUM EXTRUSION SCRAP 200.00 ALUMINIUM [...]

New Delhi, Nov 22 (PTI) Realty major DLF on Monday said its rental arm has raised Rs 1,000 crore through debentures to refinance its existing debt. DLF Cyber City Developers Ltd (DCCDL), a joint venture between DLF Ltd and Singapore wealth fund, has successfully raised Rs 1,000 crore through private placement of listed, secured and [...]

Mumbai, Nov 22 (PTI) OILS (per 10 Kgs) G.Nut Raw 1380.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1220.00 Sunflower Exp.Ref. 1310.00 Cottonseed(Refined) 1290.00 Refined Palm Oil 1205.00 Soyabean Ref. 1248.00 Imp.Soyabean Crude - Rapeseed Ref. 1740.00 Rapeseed Exp. 1710.00 Copra white 1670.00 Rice Bran 4-7% FFA - Rice Bran 1240.00 Linseed 1750.00 Castor [...]

New Delhi, Nov 22 (PTI) The Central Consumer Protection Authority (CCPA) has issued notices to five e-commerce entities, including Amazon, Flipkart and PaytmMall, as well as various sellers for offering pressure cookers that are non-compliant with BIS norms. The notices were issued on November 18 to Flipkart, Amazon, Snapdeal, Shopclues and PaytmMall, and the sellers. [...]

New Delhi, Nov 22 (PTI) Import or export of rough diamonds will not be permitted unless the concerned importer or exporter is registered with the Gem and Jewellery Export Promotion Council (GJEPC), the Directorate General of Foreign Trade (DGFT) said on Monday.GJEPC is the designated importing and exporting authority for Kimberley Process Certification Scheme (KPCS).The [...]

Mumbai, Nov 22 (PTI) Drone technology platform Trentar on Monday said it has acquired a 75 per cent stake in Bengaluru-based UAV maker TM Aerospace for an undisclosed amount. The two partners will focus on commercialising high-quality and speciality UAVs (unmanned aerial vehicles) for both commercial and defence segments, not only in India but globally, [...]

       New Delhi, Nov 22 (PTI) The government is encouraging adoption of electric vehicles and use of alternative fuels like ethanol, bio-LNG, green hydrogen, but it will not stop registration of internal combustion engine (ICE) vehicles, Union Minister Nitin Gadkari said on Monday.          Addressing virtually an event organised by industry body Indian Chamber of [...]

London, Nov 22 (PTI) Bharat Biotech manufactured Covaxin, one of the vaccines being administered in India to protect against COVID-19, is on the UK’s list of approved COVID-19 vaccines for international travellers from Monday.It will benefit more fully vaccinated Indians planning travel to the UK without the need for a pre-departure PCR test or self-isolation [...]

New Delhi, Nov 22 (PTI) Megha Engineering and Infrastructures Ltd (MEIL) on Monday said it has completed the excavation work of tunnel 1 of the Zojila Tunnel. Once fully completed, the all-weather tunnel project will connect Srinagar to Ladakh -- which faces connectivity issues especially during winters -- cutting travel time between the two places [...]

New Delhi, Nov 22 (PTI) Weeks after its second-highest-ranking official asked ONGC to give away its largest producing oil and gas fields to foreign companies, the Petroleum Ministry on Monday clarified that production from existing fields has to be increased through all means including technology and involvement of private sector companies in a transparent manner. [...]

Mumbai, Nov 22 (PTI) State Bank of India (SBI) on Monday listed its USD 650-million green bonds simultaneously on the India International Exchange (India INX) and the Luxembourg Stock Exchange. This dual listing is in line with this year's topic of the World Investor Week, 'sustainable finance', as indicated by regulatory body International Financial Services [...]

New Delhi, Nov 22 (PTI) Salesken, a sales conversation AI startup, on Monday said it has raised USD 22 million (about Rs 163.5 crore) in funding, led by M12, Microsoft's Venture Fund. Existing investor Sequoia India also participated in the Series B round. Salesken will use the funds to accelerate expansion into the North American [...]

New Delhi, Nov 22 (PTI) The Indian Energy Exchange as well as Power Exchange of India Ltd are set to resume trading of renewable energy certificates from Wednesday after a gap of 16 months.Renewable Energy Certificate or green certificate trades were suspended in July 2020 after APTEL decided to postpone the trading by four weeks [...]

New Delhi, Nov 22 (PTI) India is working on ways to release crude oil from its strategic storages in tandem with other major economies to dampen prices, a top government official said on Monday. The US had last week made the unusual request to some of the world's largest oil-consuming nations, including China, India and [...]

Mumbai, Nov 22 (PTI) Kempegowda International Airport, Bengaluru, has commissioned a state-of-the-art firefighting system Rosenbauer Tactical Simulator, making it the first facility in South Asia to have this high-tech equipment, BIAL said on Monday in a statement. The Rosenbauer Tactical Simulator, which offers numerous scenarios to prepare for real emergencies to both the firefighter at [...]

New Delhi, Nov 22 (PTI) Shares of newly-listed One97 Communications, parent company of Paytm, continued to decline for the second day in a row as it tumbled 13 per cent on Monday. The counter continued to bear a deserted look as the stock declined 18.72 per cent to Rs 1,271.25 during the day on BSE. [...]

Raipur, Nov 22 (PTI) The Chhattisgarh government on Monday decided to reduce Value-Added Tax (VAT) on petrol and diesel by 1 per cent and 2 per cent, respectively, nearly three weeks after the Centre cut excise duties on the two fuels. With the reduction in VAT, the price of petrol will come down by 70 [...]

New Delhi, Nov 22 (PTI) Leading stock exchanges BSE and NSE on Monday announced the launch of celebrations of the globally popular event World Investor Week 2021, whereby they will conduct a bunch of educational activities. Apart from the bourses, Central Depository Services (India) Ltd (CDSL) is also observing the WIW under the aegis of [...]

New Delhi, Nov 22 (PTI) Energy storage start-up Matter on Monday said it has entered into an agreement with Automotive Research Association of India (ARAI) for collaboration in next-generation mobility solutions.The two parties have signed a memorandum of understanding (MoU) under which they will collaborate in next-generation mobility solutions in the areas of functional safety, [...]

Mumbai, Nov 22 (PTI) Inching closer to resolving the Punjab and Maharashtra Cooperative (PMC) Bank issue, the Reserve Bank on Monday came out with a draft scheme for takeover of the crisis-hit bank by the Delhi-based Unity Small Finance Bank (USFB). The draft scheme of amalgamation envisages takeover of the assets and liabilities of PMC [...]

Hyderabad, Nov 22 (PTI): Azad Engineering, a Hyderabad-based company, on Monday announced that it is in the process of setting up its third manufacturing facility near here at a cost of over Rs 500 crore to manufacture and export super critical components for global Original Equipment Manufacturers in the aviation and power generation industry. The [...]

Kolkata, Nov 22 (PTI) All India Bank Officers Confederation (AIBOC) on Monday said it will hold a protest programme against the government's move to privatise public sector banks (PSBs) in Delhi later this month during the winter session of Parliament.AIBOC general secretary Soumya Datta said the government is likely to introduce the bank privatisation Bill [...]

New Delhi, Nov 22 (PTI) Despite global inflationary concerns, Indians are looking forward to having a balanced life with plans to spend on luxuries such as personal care, clothing, vehicle, leisure travel and air travels, according to the findings of a survey by Deloitte Touche Tohmatsu India. Indians are not only focused on saving for [...]

New Delhi, Nov 22 (PTI) Shares of Bharti Airtel on Monday gained nearly 4 per cent after the company announced a 20-25 per cent tariff hike for various prepaid offerings.The stock gained 3.90 per cent to close at Rs 742.05 on BSE. During the day, it jumped 5.85 per cent to its 52-week high of [...]

New Delhi, Nov 22 (PTI) Darwin Platform Group of Companies (DPGC) on Monday announced its foray into the electric mobility space with plans to invest nearly Rs 450 crore on product development. As part of the initiative, the group's EV venture Darwin EVAT launched three electric scooters -- D-5, D- 7 and D-14 -- priced [...]

Mumbai, Nov 22 (PTI) Chartered Bike, a subsidiary of surface mobility firm Chartered Speed, on Monday said it will deploy over 2,000 electric bikes and 200 charging stations in the city over the next 3-6 months for various purposes. The e-bikes, which will be powered by Adani Electricity, can be accessed by delivery partners of [...]

Mumbai, Maharashtra, India (NewsVoir) Ab Consumer Banega Creator! CFBP Consumer Film Festival 2021 Jury chose a talented mix of students, professionals and filmmakers as the well deserving winners of the 4th edition of the first-of-its-kind film festival at the special Jury meeting held at the iconic Bajaj Bhawan in Nariman Point, South Mumbai. Post COVID-19, [...]

New Delhi, Nov 22 (PTI) The uniform 12 per cent GST rate on man-made fibre (MMF), yarn, fabrics and apparel will reduce compliance burden for the industry and help the sector emerge as a big employment generator, the textiles ministry said on Monday. The Central Board of Indirect Taxes and Customs (CBIC), under Ministry of [...]

New Delhi, Nov 22 (PTI) Shares of Reliance Industries Ltd on Monday tumbled over 4 per cent after it shelved a proposed deal to sell a 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco for USD 15 billion. The market heavyweight's stock tanked 4.42 per cent to close at [...]

Mumbai, Nov 22 (PTI) SILVER SPOT (IN RS PER kg): 65829.00 STANDARD GOLD (99.5) : 48638.00 PURE GOLD (99.9) : 48834.00 --------------------- PTI MUM SVC SHW SHW

New Delhi, Nov 22 (PTI) As many as 14 companies against whom retrospective tax demands were raised have approached the government to settle cases, Revenue Secretary Tarun Bajaj said.The government in August enacted a law to end all retrospective taxation imposed on indirect transfer of Indian assets. The rules under the law seek to withdraw [...]

Mumbai, Nov 22 (PTI) The rupee depreciated by 9 paise to end at 74.39 (provisional) against the US dollar on Monday, as massive sell-offs in domestic equities and a strong greenback in the overseas market weighed on investor sentiments. Besides, rising crude prices in the international market and persistent foreign capital outflows also put pressure [...]

New Delhi, Nov 22 (PTI) Stock exchange BSE and depository CDSL on Monday announced the launch of celebrations of the globally popular event World Investor Week 2021, whereby they will conduct a bunch of educational activities. They are also observing the WIW under the aegis of Sebi and the International Organisation of Securities Commissions (IOSCO) [...]

Emerging Technology think tank, Policy 4.0, has released its detailed report and solution for India to tackle the spectrum of regulatory risks the government faces with cryptocurrency. The report outlines a comprehensive policy risk framework for India with cryptocurrency and recommends India build its own “India wallet” to tackle KYC, the inflow and outflow of [...]

Dubai, United Arab Emirates (NewsVoir) The India Pavilion at EXPO2020, which is one of the most-visited pavilions, recording 3.5 lakh visitors in less than 50 days of inauguration, has also been recognized as ‘One of the Most Iconic’ pavilion among participating country pavilions by the American Institute of Architects (AIA). On this remarkable achievement of [...]

Gandhinagar, Nov 22 (PTI) The Gujarat government on Monday signed multiple memorandums of understanding (MoUs) attracting proposed investments of around Rs 25,000 crore as part of the 2022 Vibrant Gujarat Global Summit, which will be inaugurated by Prime Minister Narendra Modi on January 10 next year. In the first of a series of MoU signing [...]

Mumbai, Nov 22 (PTI) The country's GDP growth is likely to be around 8.1 per cent in the second quarter of the current financial year and in the range of 9.3-9.6 per cent during fiscal 2022, according to an SBI research report. In the first quarter of FY 22, the economy grew 20.1 per cent. [...]

Mumbai, Nov 22 (PTI) Market benchmark Sensex crashed over 1,170 points to log its worst single-day drop in over seven months on Monday amid concerns over government's reform measures after farm laws repeal announcement and weak listing of country's largest fintech firm Paytm. Extending its losses for the fourth straight session, the BSE gauge plunged [...]

New Delhi, Nov 22 (PTI) Mumbai-listed Vedanta Ltd's proposal to spin off key businesses into separate listed companies is unlikely to affect the credit quality of the firm's parent Vedanta Resources Ltd, Moody's Investors Service said Monday. Vedanta Resources Ltd's (VRL) 65.2 per cent owned subsidiary Vedanta Ltd last week announced that its board of [...]

New Delhi, Nov 22 (PTI) Global leading manufacturer, and supplier of lead-acid battery separators, Daramic on Monday said it has doubled production capacity at its manufacturing plant at Dahej in Gujarat. The plant has expanded from two to four production lines in four years due to the growing demand from India and neighboring markets, the [...]

New Delhi, Nov 22 (PTI) Anil J Ghanwat, part of the three-member Supreme Court-appointed committee on farm laws on Monday said he will decide on whether to release the panel's report after analysing the legal consequences and claimed that the two other members have given him the freedom to take a call. The panel, after [...]

Mumbai, Nov 22 (PTI) An increase in driving to workplace resulted in the overall business activity surging to an all-time high of 14 percentage points (pp) higher than the pre-pandemic levels last week, a report said on Monday. The weekly Nomura India Business Resumption Index (NIBRI), which compares activity in a particular week with the [...]

Competition was conducted between 10th Oct and 18th Nov, 2021.Arvind now gets a chance to represent India in the World School Debating Championship. Mumbai, 19 November, 2021: After over a month long eventful days filled with anticipation, excitement and thrill, Mind Wars Mumbai Debate Championship 2021, moderated by well known food critic Kunal Vijaykar and [...]

New Delhi, Nov 22 (PTI) The affordable housing segment offers investment opportunities of around Rs 45 lakh crore, as 3.5 crore quality homes need to be developed in urban cities for those staying in substandard housing, according to property consultant Knight Frank India. In its report 'Brick by Brick- Long term capital to fund affordable [...]

New Delhi, Nov 22 (PTI) Caller identification app Truecaller on Monday said it has crossed the milestone of 300 million monthly users with India accounting for almost three-fourth of the user base."Just over a year ago, we were 250 million strong, which means 50 million new users have adopted Truecaller globally since October 2020 in [...]

NEW DELHI, Nov. 22, 2021 /PRNewswire/ -- HarperCollins India is proud to announce the publication of A Plane Story by Anmol Malik, releasing on December 6, 2021. "Unputdownable! This sparkling love story made my heart soar!" - Hrithik Roshan About the Book While chasing the woman of his dreams, he ran into the love of [...]

New Delhi, Delhi, India (NewsVoir) Parimatch News a sports, esports and entertainment outlet that is dedicated to producing high-quality sports coverage and cutting-edge analytics to all sports fans across India - is very delighted to declare an important collaboration in the Indian football industry, our Partnership with Hero ISL. The Hero Indian Super League (Hero [...]

New Delhi, Nov 22 (PTI) Online beauty products platform Purplle.com said it has raised USD 65 million (about Rs 484 crore) in funding, bringing Premji Invest to the cap table. This investment comes weeks after a USD 75-million funding, led by Kedaara Capital, alongside Sequoia Capital India and Blume Ventures. The infusion will accelerate the [...]

Gandhinagar, Nov 22 (PTI) Prime Minister Narendra Modi will inaugurate the Vibrant Gujarat Global Summit 2022 in Gandhinagar on January 10, a senior official said on Monday. The three-day event will be organised on the theme of "From Aatmanirbhar Gujarat to Aatmanirbhar Bharat", he said. Additional Chief Secretary, Industry and Mines, Rajiv Gupta, told reporters [...]

Mumbai, Nov 22 (PTI) The Reserve Bank on Monday came up with a draft scheme for the acquisition of Punjab and Maharashtra Cooperative (PMC) Bank by Delhi-based Unity Small Finance Bank (USFB).The draft scheme of amalgamation envisages the takeover of the assets and liabilities of PMC Bank, including deposits, by the USFB, thus giving a [...]

New Delhi, Nov 22 (PTI) Homversity, which is a student housing marketplace, has raised USD 1,55,000 to expand its operations. This round is led by Shuru-Up, while a consortium of their syndicates including Growth-Sense, ValCreators, BeyPar Innovations LLP, and angel iInvestors like Asit Oberoi also participated. Homversity, which was started in 2017 as a college [...]