Mumbai, Apr 12 (PTI) Shriram City Union Finance (Shriram City) on Tuesday said it is targeting to grow its gold loan book to Rs 15,000-20,000 crore over the next five years. As of December 31, 2021, the non-banking finance company's gold loan book stood at Rs 4,110 crore. The company, which has a strong gold [...]
Retail sales in March grew by 28 per cent as compared to the same month last year with the removal of pandemic-related restrictions driving all-round growth of retail businesses across the country, industry body RAI said on Tuesday. According to the latest Retail Business Survey by Retailers Association of India (RAI), region wise, west showed [...]
DEHRADUN, India, April 12, 2022 /PRNewswire/ -- Founders Shikha Prakash and Robin Nagar were appalled when they discovered that farmers in Uttarakhand were walking miles downhill to barter 5 kg Ghee for 5 kg salt because of pure innocence and sheer ignorance. Hoping to make an impact on the lives of these farmers and also [...]
New Delhi, Apr 12 (PTI) The Delhi High Court on Tuesday agreed to hear Tata Power Delhi Distribution Ltd in connection with BSES Rajdhani Power Limited's challenge to an order of the Ministry of Power on the transfer of power generated by a Dadri thermal station from the national capital to Haryana. Justice Yashwant Varma [...]
New Delhi, Apr 12 (PTI) India's busiest ports at Kandla in Gujarat and Mumbai are further clogged with LPG import vessels as the state-owned oil companies refuse to go beyond a small list of ports that have been designated by the government to give freight subsidies for bringing in the cooking fuel from overseas, sources [...]
New Delhi, Apr 12 (PTI) Institutional investments in real estate jumped over two-fold to USD 1.1 billion (Rs 8,375 crore) in the three months ended March 2022 with the opening up of the economy after the third COVID wave, according to property consultant Colliers India. Institutional investments in real estate stood at USD 0.5 billion [...]
Mumbai, Apr 12 (PTI) Union steel ministry has asked the finance ministry to remove the basic customs duty on ferronickel, a key raw material for stainless steel makers, a senior government official said on Tuesday. The move will help stainless steel makers to reduce their input cost. At present, a 2.5 per cent duty is [...]
New Delhi, Apr 12 (PTI) Commodity Participants Association of India (CPAI) on Tuesday said uniform trading time for all markets including stocks, bonds, currency and commodities may not be tenable for the commodity derivative segment. The remarks come in the wake of media reports suggesting that the Reserve Bank of India (RBI) [...]
New Delhi, Apr 12 (PTI) Trai recommendations on cut in 5G spectrum base price are incrementally positive, not transformational, some sector analysts said, while others felt that bidding intensity could be moderate or muted in the upcoming auction.The reduction proposed in pricing, though largely on expected lines, is not in sync with the 90 per [...]
New Delhi, Apr 12 (PTI) ADB Ventures, a platform of Asian Development Bank, has provided seed funding to Pinbox for expanding micro pension coverage in India. Pinbox works to address friction and accessibility challenges in delivering micro pension and insurance solutions to underserved informal sector workers, ADB Ventures said in a statement. It provides a [...]
New Delhi, Apr 12 (PTI) Cartelisation across borders in containers, chemicals and key raw materials are making things uncertain and forcing customers to pay higher prices, CavinKare Chairman & Managing Director C K Ranganathan said on Tuesday. Ranganathan, who is also the President of All India Management Association (AIMA), pointed out that earlier cartelisation used [...]
Mumbai, Apr 12 (PTI) Mahindra & Mahindra on Tuesday said it has partnered with CSC Grameen eStore, a government initiative, for its Small Commercial Vehicle (SCV) range of products. The partnership will harness CSC Grameen's digital platform to facilitate Mahindra vehicle enquiries and real time online lead transfer to M&M from deep rural pockets, the company [...]
New Delhi, Apr 12 (PTI) Vice President M Venkaiah Naidu on Tuesday pitched for increasing cotton production and said India will benefit giving more thrust to specialty cotton such as organic cotton and sustainable cotton. Asserting that India must also improve its planting density which is only at 5000-7000 plants per acre compared to China [...]
New Delhi, Apr 12 (PTI) The government has nominated new directors on the boards of Punjab National Bank (PNB) and IDBI Bank, following the cessation of the terms of incumbent directors. Pankaj Sharma has been nominated as a director of the bank through a notification dated April 11, 2022 with immediate effect and until further [...]
The 30-share index and the 50-share index extended losses after a gap-down start on Tuesday’s trading session tracking weakness across global markets. Losses were witnessed across sectors like financial, oil & gas and metals. News around the Russia-Ukraine war, a rise in bond yields and increasing Covid infections affected investor sentiments. Brokerage firm Axis Direct [...]
Dibrugarh, Apr 12 (PTI) Alliance Air's made-in-India Dornier 228 aircraft was deployed for its first commercial flight on the Dibrugarh-Pasighat route on Tuesday with Union ministers Jyotiraditya Scindia and Kiren Rijiju on board.Accompanied by senior government officers, Scindia and Rijiju boarded the flight at the Mohanbari airport in Asssam's Dibrugarh for Pasighat in neighbouring Arunachal [...]
New Delhi, Apr 12 (PTI) Guar gum prices on Tuesday gained Rs 124 to Rs 12,179 per five quintals in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for April delivery traded higher by Rs 124 or 1.02 per cent to Rs 12,179 [...]
