New Delhi, Apr 12 (PTI) Costlier food items pushed the retail inflation to a 17-month high of 6.95 per cent in March, much above the upper tolerance level of the Reserve Bank, according to government data released on Tuesday.This is the third consecutive month that the Consumer Price Index (CPI)-based inflation remained above the 6 [...]
A special court here on Tuesday remanded Subhash Shankar Parab, an aide of fugitive diamantaire Nirav Modi, in CBI custody till April 26 in a Rs 7,000-crore Punjab National Bank (PNB) fraud case. Parab was deported to India from Cairo in Egypt earlier in the day, as per the Central Bureau of Investigation (CBI) officials. [...]
New Delhi, Apr 12 (PTI) The National Company Law Appellate Tribunal (NCLAT) has stayed the formation of the committee of creditors of real estate firm Ananda Divine Developers which is facing insolvency proceedings. Ananda Divine Developers is one of the companies of the Noida-based ATS group. Earlier on March 25, the Delhi bench of the [...]
New Delhi, Apr 12 (PTI) Greaves Electric Mobility Pvt Ltd on Tuesday said it has entered into a partnership with Mesha Energy Solutions Pvt Ltd to improve battery technology for its products across the portfolio. Through the partnership with Mesha Energy Solutions, which is a wholly-owned subsidiary of Mesha, Inc. based in the USA, the [...]
New Delhi, Apr 12 (PTI) German food manufacturer Dr Oetker is expecting its operations in India to clock turnover of Rs 1,000 crore in the next 5-6 years, driven by growth in mayonnaise, peanut butter and ready to eat cakes segments, according to a senior company official. Dr Oetker, which has emerged as one of [...]
New Delhi/Mumbai, Apr 12 (PTI) Subhash Shankar Parab, a key accused in the Rs 7,000 crore diamantaire Nirav Modi bank fraud case, was “deported” from Cairo on Tuesday after a long diplomatic and legal process, officials said.A CBI team had gone to Egypt's capital to bring back 50-year-old Parab who was allegedly kept in illegal [...]
Islamabad, Apr 12 (PTI) Moody’s Investors Service has highlighted cash-strapped Pakistan’s “significant uncertainty over policy continuity” and falling foreign exchange reserves even as the Pakistan Stock Exchange and the rupee made a steep recovery after Shehbaz Sharif was sworn-in as the new Prime Minister, bringing to an end the political uncertainty in the country.However, the [...]
New Delhi, Apr 12 (PTI) The government completed transactions worth Rs 96,000 crore under the National Monetisation Pipeline (NMP) in 2021-22, surpassing the ambitious programme's first-year target of Rs 88,000 crore, a top official said on Tuesday.Road, power, coal and mining assets helped in surpassing the first-year target, the official said, adding that the long term [...]
Kathmandu, Apr 12 (PTI) Nepal has tightened imports of expensive cars, gold and other luxurious goods as its foreign exchange reserves have shrunk. Finance Minister Janardan Sharma told reporters that a proposal had been forwarded to temporarily ban the import of expensive and luxurious vehicles and not to allow the government agencies' vehicles to be [...]
Chennai, Apr 12 (PTI) Greaves Electric Mobility, the e-mobility division of Greaves Cotton Ltd, has inked a pact with battery technology company Mesha Energy Solutions Pvt Ltd, the company said on Tuesday. With this association, the company aims to improve the battery technology for its products across the portfolio and expand its presence, Greaves Electric [...]
New Delhi, Apr 12 (PTI) Industry body COAI on Tuesday expressed deep disappointment over TRAI's recommendations on 5G and termed the spectrum pricing suggested by the regulator as "too high". Given the recent reforms for telecom sector announced by the government, these recommendations are "one step backwards than forward" towards building a digitally connected India, [...]
Mumbai, Apr 12 (PTI) The Maharashtra State Electricity Distribution Company (MSEDCL) is resorting to cutting electric supply only when it is facing demand-supply mismatches and that too in pockets where it is facing the highest losses, a senior official said on Tuesday. There is no "planned load shedding" in the state but there is "forced [...]
New Delhi, Apr 12 (PTI) The Central Vigilance Commission (CVC) on Tuesday asked all government departments to mention delay or reasons for seeking extra time in providing response to information sought by it in corruption cases.During the course of examination of cases/records received from the authorities, on a few occasions, it is observed that either [...]
The event organised by Indus Action brought together the likes of Mahua Moitra, P Thiaga Rajan, and Rohini Nilekani New Delhi, Delhi, India (NewsVoir) Indus Action, a public policy do tank, brought together policy stakeholders across sectors to discuss the perspectives of Samaaj, Sarkaar, and Bazaar (Society/Community, Government, and Markets) and develop a shared vision [...]
Even as sugar production is estimated to grow by 6.8 per cent year-on-year to 33.3 million tonnes for SY2022 (sugar year), higher exports and domestic consumption are likely to trim down the inventory levels, according to a report. This would result in lower total debt even as debt-funded distillery expansions are ongoing, Icra said in [...]
Mumbai, Maharashtra, India (NewsVoir) The world as we know is changing. The future will be written by a different sort of man. One whose values will be tested, who will be called upon to make a choice. Between being feared or remembered. Between following the tried and true or charting a new path. Between blindly [...]
New Delhi, Apr 12 (PTI) Asserting that the economic situation is likely to improve during the year, Chief Economic Adviser V Anantha Nageswaran on Tuesday expressed hope that the private sector is expected to accelerate capital expenditure from the second half of the current fiscal. The investment from private sector has been muted for past [...]
Take a peek at how Gaurav Jain’s bootstrapped start-up is achieving new milestones New Delhi, Delhi, India (NewsVoir) This March, Creators Gram celebrated its one-year anniversary. This bootstrapped startup founded by marketing enthusiast Gaurav Jain crossed 1 Million USD revenue within 9 months of its operations in India. They have also successfully achieved INR 1 [...]
Consumer price-based inflation jumped to 6.95 per cent in March, mainly on account of costlier food items, according to government data released on Tuesday. The Consumer Price Index (CPI) based inflation was 6.07 per cent in February. The inflation in the food basket was 7.68 per cent in March, up from 5.85 per cent in [...]
