by PTI News | Apr 28, 2022 | 9:27 am | Corporate Action, News
Washington, Apr 28 (PTI) India offers huge opportunities for the US in bilateral defence trade but its offset requirements pose an enormous challenge in doing business with the country, a former top Pentagon official has told top American lawmakers. Ellen Lord, who previously served as the Under Secretary of Defence for Acquisition and Sustainment (A&S), [...]
by PTI News | Apr 28, 2022 | 5:32 am | Economy, News
Washington, Apr 28 (PTI) India remains one of the most challenging major economies with respect to protection and enforcement of intellectual property, the office of the US Trade Representative said in a report as it decided to retain New Delhi on the Priority Watch List. In its 2022 Special 301 Report, the USTR designated seven [...]
by PTI News | Apr 27, 2022 | 11:21 pm | Economy, News
London, Apr 27 (PTI) An independent ministerial ethics advisor to the UK government on Wednesday cleared Chancellor Rishi Sunak of any wrongdoing over his wife Akshata Murty’s tax status and his possession of a US permanent resident's Green Card while in office.The Indian-origin finance minister had referred himself to Lord Christopher Geidt to investigate any [...]
by PTI News | Apr 27, 2022 | 10:37 pm | Commodities, News
New Delhi, Apr 27 (PTI) Bodhi Tree Systems, an investment venture of James Murdoch's Lupa Systems and Uday Shankar, ex-Chairman of Star and Disney India, will invest Rs 13,500 crore in broadcaster Viacom18 as part of a tripartite partnership with billionaire Mukesh Ambani's Reliance, to form one of the largest TV and digital streaming firms [...]
by PTI News | Apr 27, 2022 | 10:31 pm | Company Results, News
New Delhi, Apr 27 (PTI) IT company Infobeans on Wednesday reported a 74 per cent increase in consolidated profit after tax to Rs 17.48 crore in the fourth quarter ended March 31.The company had posted Rs 10 crore profit after (PAT) in the year-ago period.Its consolidated revenue from operations grew by about 95 per cent [...]
by PTI News | Apr 27, 2022 | 10:07 pm | News
New Delhi, Apr 27 (PTI) E-commerce company Flipkart on Wednesday announced a slew of changes in its policy for sellers, including reduction in payment settlement cycle and low return cost for performing sellers. The company announced travel benefits for sellers in partnership with Cleartrip. "Our industry-first policy changes and new tech capabilities aim to empower [...]
by PTI News | Apr 27, 2022 | 9:48 pm | News
Shimla, Apr 27 (PTI) Himachal Road Transport Corporation will take Rs 110 crore loan from banks for paying its liabilities of death-cum-retirement gratuity and leave encashment of its retirees, an official spokesperson said on Wednesday. In a meeting chaired by chief minister Jai Ram Thakur, the state Cabinet decided that the state will provide guarantee, [...]
by PTI News | Apr 27, 2022 | 9:45 pm | News
Ludhiana, Apr 27 (PTI) Punjab Excise and Taxation Minister Harpal Singh Cheema on Wednesday said the state government intends to formulate a fair and transparent excise policy for the state. Cheema made the remark after having consultations with licensees and other stakeholders of the liquor industry and seeking their suggestions for the state’s upcoming excise [...]
by PTI News | Apr 27, 2022 | 9:45 pm | News
Washington, Apr 27 (PTI) The United States on Wednesday placed India, China, Russia and four other countries on its annual 'Priority Watch List' for intellectual property protection and enforcement.The other countries that have been put on the list issued by the Office of the US Trade Representative are Argentina, Chile, Indonesia and Venezuela.All seven countries [...]
by PTI News | Apr 27, 2022 | 9:38 pm | News
New Delhi, Apr 27 (PTI) Majority of Indian employees have expressed that hybrid working has helped them improve employee wellbeing, work-life balance, and performance, a Cisco survey report released on Wednesday said. According to the report, 91 per cent Indian employees who participated in the survey shared that hybrid working improved overall well-being for them [...]
by PTI News | Apr 27, 2022 | 9:32 pm | News
New Delhi, Apr 27 (PTI) Steel Minister Ram Chandra Prasad Singh will on Thursday dedicate JSPL's rebar mill located at its steel plant in Odisha to the nation.The 1.4 MTPA rebar mill is one of the world's largest rebar making unit, JSPL said in a statement on Wednesday.The minister will also visit its 2 MTPA [...]
by PTI News | Apr 27, 2022 | 9:27 pm | Company Results, News
New Delhi, Apr 27 (PTI) Bajaj Auto on Wednesday reported a 2 per cent decline in consolidated net profit at Rs 1,526 crore in the fourth quarter ended March 2022, with sales in both domestic and export markets hit by weak demand and semiconductor shortage. The Pune-based company had reported a consolidated net profit of [...]
by PTI News | Apr 27, 2022 | 9:25 pm | News
Mumbai, Apr 27 (PTI) Fresh fruit importers IG International on Wednesday said it has set up a joint venture with Aatre Green - IG Aatreyas - to become the largest tunnel supplier in the tunnel system production segment. The newly formed company has set a target to reach Rs 100-crore revenue by 2024 and enter [...]
by PTI News | Apr 27, 2022 | 9:00 pm | Company Results, News
New Delhi, Apr 27 (PTI) Tata group hospitality firm, Indian Hotels Company Ltd (IHCL) on Wednesday reported a consolidated net profit of Rs 71.57 crore in the fourth quarter ended March 31, 2022. The company had posted a consolidated net loss of Rs 97.72 crore in the same period previous fiscal, IHCL said in a [...]
by PTI News | Apr 27, 2022 | 8:57 pm | IPO, News
Jammu, Apr 27 (PTI) JSW Steel Limited and Apollo Hospitals became the first major corporations to buy land in Jammu and Kashmir after the scrapping of Article 370 in 2019 to set up their units in the region.While JSW steel limited is all set to come up with its Rs 150 crore project in south [...]
by PTI News | Apr 27, 2022 | 8:49 pm | News
Mumbai, Apr 27 (PTI) European aviation major Airbus on Wednesday signed a pact with Tata STRIVE and the Aerospace and Aviation Sector Skill Council to train youths for aviation and aerospace jobs. Under the agreement, Airbus, Tata STRIVE and AASSC, with the support of NSDC and the Ministry of Skill Development and Entrepreneurship (MSDE), will [...]
by PTI News | Apr 27, 2022 | 8:49 pm | News
New Delhi, Apr 27 (PTI) Industry should ensure that technology is available in regional languages to empower people, Women and Child Development Minister Smriti Zubin Irani said on Wednesday. Addressing Nasscom global inclusion summit, Irani said the government has used technology to bring transparency in the system and empower people, especially women. "We need to [...]
by PTI News | Apr 27, 2022 | 8:40 pm | Economy, News
Mumbai, Apr 27 (PTI) General insurance industry's gross direct premium income (GDPI) is expected to grow by 10-12 per cent in the current fiscal on account of rising awareness of medical insurance and improvement in economic activity, says a report. The GDPI of public sector (PSU) insurers is expected to grow moderately at 4-6 per [...]
by PTI News | Apr 27, 2022 | 8:35 pm | News
Chennai, Apr 27 (PTI) Titan Eye+, the eyewear brand of Titan Company Ltd, on Wednesday inaugurated a new outlet in the city, hitting the century milestone of total number of stores set up in the state. Spread across 1,500 square feet at Pondy Bazaar (Sir Thiyagaraya Road), the popular shopping destination in the city, the [...]
by PTI News | Apr 27, 2022 | 8:32 pm | Commodities, Commodity Prices, News
Washington, Apr 27 (PTI) Finance Minister Nirmala Sitharaman has said that in an interconnected world, sanctions can have unintended consequences, and India is trying to work through them.Economic sanctions imposed on Russia by the US and European Union following the invasion of Ukraine in February this year have led to a fall in bilateral trade [...]
