by PTI News | Apr 29, 2022 | 9:54 pm | News
New Delhi, Apr 29 (PTI) The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government's 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), along with the transfer of management control, for Rs 211.14 crore. The reserve price for the strategic sale, which comes after three unsuccessful attempts, [...]
by PTI News | Apr 29, 2022 | 9:51 pm | Commodities, News
Pune, Apr 29 (PTI) Union Minister of State for Consumer Affairs, Food and Public Distribution Ashwini Kumar Choubey on Friday said the government is making efforts to keep the prices of edible oils under control.Speaking to reporters here, he also said that action is being taken against those involved in the hoarding of essential food [...]
by PTI News | Apr 29, 2022 | 9:46 pm | Economy, News
Bengaluru, Apr 29 (PTI) Storage chip company Micron on Friday said it sees growth opportunities in the country and plans to hire over 1,800 engineers in the next two to three years. During a virtual address at the Semicon India 2022 conference, Micron Technology President and CEO Sanjay Mehrotra said that the company sees the [...]
by PTI News | Apr 29, 2022 | 9:45 pm | News
New Delhi, Apr 29 (PTI) Capital markets regulator Sebi on Friday penalised three individuals for flouting insider trading norms in the matter of Titan Company Ltd.A fine of Rs 1 lakh each has been imposed on Mahesh S, Manju Harilal Gupta and Praveen Joshi, according to three separate orders.The orders came after Sebi conducted an [...]
by PTI News | Apr 29, 2022 | 9:29 pm | News
Mumbai, Apr 29 (PTI) Warning states against their competitive subsidies, research agency India Ratings has said five states, led by Punjab, are on the brink of a deep fiscal crisis as their subsidies are much higher than sustainable levels in terms of a percentage of GSDP.The other top states with a very high level of [...]
by PTI News | Apr 29, 2022 | 9:20 pm | Company Results, News
New Delhi, Apr 29 (PTI) IT company Wipro on Friday posted a 4 per cent increase in its consolidated profit to Rs 3,092.5 crore in the fourth quarter ended March 31, 2022, on account of continued demand for IT services. The company had registered a profit of Rs 2,974.1 crore in the same period a [...]
by PTI News | Apr 29, 2022 | 9:12 pm | News
Bengaluru, Apr 29 (PTI) Semiconductor tools and technology firm Applied Materials plans to invest around Rs 1,500 crore over the next five years, a senior company official said on Friday. Applied Materials senior vice president for semiconductor products Prabu G Raja, at the Semicon India-2022 conference here, announced the next phase of expansion of the [...]
by PTI News | Apr 29, 2022 | 9:00 pm | News
Mumbai, Apr 29 (PTI) Non-food bank credit grew 9.7 per cent in March 2022 as compared to a rise of 4.5 per cent reported a year ago, according to RBI. Loans to agriculture and allied activities continued to perform well, registering a growth of 9.9 per cent in the reporting month. It was 10.5 per [...]
by PTI News | Apr 29, 2022 | 8:58 pm | News
New Delhi, Apr 29 (PTI) India's peak power demand met or the highest supply in a day touched the all-time high of 207.11 GW on Friday amid ongoing heatwave sweeping through vast swathes of the country increasing demand for electricity. "The maximum All India demand met (peak supply) touched 207111 MW at 14:50hrs today, an [...]
by PTI News | Apr 29, 2022 | 8:58 pm | News
New Delhi, Apr 29 (PTI) IT company Wipro on Friday said its employees are engaged in providing relief effort to people displaced due to the ongoing Ukraine-Russia conflict and the organisation will continue to stand by the principle of democracy, justice and equality. At a briefing after the company announced its latest quarterly results, Wipro [...]
by PTI News | Apr 29, 2022 | 8:57 pm | News
New Delhi, Apr 29 (PTI) London-based Actis on Friday said it will sell Sprng Energy to Shell Overseas Investments B.V (Shell) for USD 1.55 billion. Sprng Energy is a renewable energy platform set up in India in 2017 by Actis -- a global investor in sustainable infrastructure. In a statement issued here, Actis said it [...]
by PTI News | Apr 29, 2022 | 8:56 pm | Company Results, Corporate Action, News
Mumbai, Apr 29 (PTI) IndusInd Bank on Friday reported a 51 per cent jump in consolidated net profit to Rs 1,401 crore in the March 2022 quarter, mainly due to lower provisioning.The private sector lender's post-tax profit was Rs 4,805 crore for fiscal 2021-22, up from the Rs 2,930 crore.The core net interest income rose [...]
by PTI News | Apr 29, 2022 | 8:51 pm | News
New Delhi, Apr 29 (PTI) India on Friday launched the pilot phase of open network for digital commerce (ONDC), a UPI-type protocol, in five cities with an aim to democratise fast growing e-commerce sector, help small retailers and reduce dominance of online retail giants."After UPI, another game changing idea to democratise commerce - ONDC soft [...]
by PTI News | Apr 29, 2022 | 8:49 pm | News
Beijing, Apr 29 (PTI) In a relief to thousands of Indian students enrolled in Chinese universities, China on Friday announced plans to allow the return of "some" of them who have been stranded in India for over two years following the visa and flight restrictions imposed by Beijing due to the COVID-19 pandemic.Indian students wanting [...]
by PTI News | Apr 29, 2022 | 8:47 pm | News
Kolkata, Apr 29 (PTI) Country's dry fuel mining behemoth Coal India has logged a 27 per cent jump in production this month till Thursday amid skyrocketing demand for the fuel. Coal India produced 49.6 million tonnes of coal till April 28 and was expected to produce around 53 million tonnes in the entire month, which [...]
by PTI News | Apr 29, 2022 | 8:40 pm | Economy, News
Mumbai, Apr 29 (PTI) Price stability is a necessary precondition for strong and sustainable growth, an RBI report said on Thursday while stressing a series of structural reforms to nurture a durable recovery post-COVID."A feasible range for medium-term steady-state GDP growth in India works out to 6.5 - 8.5 per cent, consistent with the blueprint [...]
by PTI News | Apr 29, 2022 | 8:39 pm | News
London, Apr 29 (PTI) India and the UK must learn from the model followed by the US on encouraging scientific research by allowing a free flow of people and ideas, one of India’s leading scientific advisers has said.Professor K VijayRaghavan, who has just completed his tenure as the Principal Scientific Adviser to the government of [...]
by PTI News | Apr 29, 2022 | 8:37 pm | Company Results, News
New Delhi, Apr 29 (PTI) L&T Finance Holdings (LTFH) on Friday reported a 28 per cent rise in its consolidated net profit at Rs 342 crore for the quarter ended March. The company had posted a net profit of Rs 266 crore in the year-ago period. However, the total income declined to Rs 2,946.78 crore [...]
by PTI News | Apr 29, 2022 | 8:36 pm | News
Colombo, Apr 29 (PTI) Sri Lanka’s embattled President Gotabaya Rajapaksa on Friday extended an invitation to form an all-party government comprising all political parties represented in Parliament to address the unprecedented economic crisis in the island nation. He made the offer at the President's House here during a discussion with party leaders and representatives who [...]
by PTI News | Apr 29, 2022 | 8:34 pm | Commodities, News
Mumbai, Apr 29 (PTI) Edible oil prices are likely to witness a double-digit rise in the next few months compared to January this year, following geopolitical tensions and Indonesia's decision to ban crude palm oil exports, according to a report. India Ratings and Research (Ind-Ra) said Indonesia's decision on April 27 to include Crude Palm [...]
