by PTI News | Apr 8, 2022 | 8:23 pm | News
New Delhi, Apr 8 (PTI) The Supreme Court Friday said the Statement of Objects and Reasons for the Foreign Contribution (Regulation) Amendment Act, 2020, makes it clear that the annual inflow of foreign contributions had almost doubled between 2010 and 2019 and many recipients had not utilised the same for the purposes for which they [...]
by PTI News | Apr 8, 2022 | 8:14 pm | News
Kolkata, Apr 8 (PTI) The Indian Railways’ plan to procure 30,000 wagons this year will boost manufacturers of the railway freight vehicle in West Bengal at a time when they are grappling with low capacity utilisation problem, officials said on Friday.As part of the railways’ plan to procure 90,000 wagons in the next three years [...]
by PTI News | Apr 8, 2022 | 8:14 pm | Economy, News
New Delhi, Apr 8 (PTI) Public sector lender Punjab National Bank (PNB) on Friday said it has opened its international banking unit at GIFT City in Gujarat. PNB's IFSC banking unit at GIFT City, Gandhinagar was inaugurated by MD and CEO Atul Kumar Goel, the bank said. The branch will cater to the customers' needs [...]
by PTI News | Apr 8, 2022 | 8:03 pm | News
New Delhi, Apr 8 (PTI) The CBI on Friday opposed the bail application of former managing director and chief executive officer of the National Stock Exchange (NSE) Chitra Ramkrishna in the NSE co-location case. The agency told Special Judge Sanjeev Aggarwal said that Ramkrishna was “highly influential” and may tamper with the documentary and digital [...]
by PTI News | Apr 8, 2022 | 8:01 pm | Corporate Action, News
New Delhi, Apr 8 (PTI) Lok Sabha member V K Sreekandan has urged the central government to start a railways-related project at the 236 acres of unutilised land parcel in Kerala's Palakkad district that was acquired by the railways ministry more than ten years ago for setting up a rail coach factory. The land parcel, [...]
by PTI News | Apr 8, 2022 | 7:54 pm | News
New Delhi, Apr 8 (PTI) A TCS-led consortium has bagged a Rs 550 crore order from BSNL for deploying indigenously-designed 4G network, an official source said on Friday. The TCS consortium will initially deploy 6,000 mobile towers for BSNL 4G services. "TCS-led consortium has been given order worth Rs 550 crore to deploy 6,000 sites [...]
by PTI News | Apr 8, 2022 | 7:48 pm | News
Mumbai, Apr 8 (PTI) In a bid to check fraud, the Reserve Bank on Friday decided to permit all banks to introduce card-less cash withdrawal through ATMs.Currently, card-less cash withdrawal through ATMs is a permitted mode of transaction offered by a few banks in the country on an on-us basis (for their customers at their [...]
by PTI News | Apr 8, 2022 | 7:38 pm | News
Guwahati, Apr 8 (PTI) E-commerce major Flipkart is set to launch its first grocery fulfilment centre in Assam, which will be run by an all-woman team, a top company official said on Friday.The facility, which will be inaugurated on Saturday at Palasbari near Guwahati, would be the second such grocery fulfilment centre of Flipkart helmed [...]
by PTI News | Apr 8, 2022 | 7:35 pm | Corporate Action, News
New Delhi, Apr 8 (PTI) Sebi on Friday clarified that shareholders' omnibus approval for related party transactions given in an annual general meeting will be valid up to the date of the next such meeting for a period not exceeding 15 months. In case of omnibus approvals for material related party transactions (RPTs), obtained from [...]
by PTI News | Apr 8, 2022 | 7:35 pm | Commodity Prices, Economy, News
New Delhi, Apr 8 (PTI) India's gross tax collections soared to a record high of Rs 27.07 lakh crore in the fiscal year ended March 31, led by impressive growth in corporate tax and customs, taking the tax-to-GDP ratio to an over two-decade high of 11.7 per cent, Revenue Secretary Tarun Bajaj said on Friday. [...]
by PTI News | Apr 8, 2022 | 7:28 pm | News
New Delhi, Apr 8 (PTI)The Supreme Court Friday said that receiving foreign donations cannot be an “absolute or even a vested right” and by its very expression, it is a reflection on the constitutional morality of the nation as a whole being incapable of looking after its own needs and problems.The apex court said foreign [...]
by PTI News | Apr 8, 2022 | 7:10 pm | News
Mumbai, Apr 8 (PTI) Reserve Bank of India on Friday said it has imposed a penalty of Rs 93 lakh on Axis Bank for various violations, including those related to KYC guidelines. The central bank has also slapped a fine of Rs 93 lakh on IDBI Bank. A monetary penalty of Rs 93 lakh has [...]
by PTI News | Apr 8, 2022 | 7:09 pm | News
New Delhi, Apr 8 (PTI) Ambuja Cements expects demand in the cement industry to grow over 7 per cent in 2022, adding it is "well-braced" to meet the requirements. The growth would be helped by factors such as infrastructure growth, demand for housing, increase in rural incomes and industrial growth, said Ambuja Cements, part of [...]
by PTI News | Apr 8, 2022 | 7:01 pm | News
New Delhi, Apr 8 (PTI) The Supreme Court Friday upheld the validity of certain amendments to the provisions of the Foreign Contribution (Regulation) Act, 2010, which came into effect in September 2020, saying "the strict regime had become essential because of the past experience of abuse and misutilisation of foreign contribution.” Observing that receiving foreign [...]
by PTI News | Apr 8, 2022 | 6:50 pm | News
New Delhi, Apr 8 (PTI) Vaccine maker Serum Institute of India (SII) on Friday said the precaution dose of its Covishield vaccine against COVID-19 will be priced at Rs 600 per shot for eligible individuals. SII CEO Adar Poonawalla also welcomed the government’s move to allow precaution dose of the vaccine to all aged above [...]
by PTI News | Apr 8, 2022 | 6:47 pm | News
New Delhi, Apr 8 (PTI) Vedanta Aluminium on Friday said that it has supplied its first rake consignment of 4,000 tonnes of fly ash from Jharsuguda unit to one of the plants of ACC Cement for the production of low-carbon cement. The move which is a part of the company's waste-to-wealth initiative will ensure utilisation [...]
by PTI News | Apr 8, 2022 | 6:29 pm | News
New Delhi, Apr 8 (PTI) The Union Cabinet on Friday approved continuation of the Atal Innovation Mission (AIM) till March 2023, according to an official statement. The statement further said the intended targets that will be achieved by AIM include establishing 10,000 Atal Tinkering Labs (ATLs) as well as 101 Atal Incubation Centers (AICs), and [...]
by PTI News | Apr 8, 2022 | 6:25 pm | News
Mumbai, Apr 8 (PTI) Terming the RBI's move to shift focus on inflation management as "clearly hawkish compared to the previous reviews", economists and analysts on Friday said the monetary policy committee has hinted the beginning of the end of the three-year regime of easy money. The six-member Monetary Policy Committee (MPC) voted to hold [...]
by PTI News | Apr 8, 2022 | 6:11 pm | News, News Alert
India's sugar export may cross 80 lakh tonnes this marketing year, surpassing previous year's level: Food Secretary. PTI LUX BAL BAL
by PTI News | Apr 8, 2022 | 6:06 pm | News, News Alert
India contracts 30-35 lakh tonnes of wheat for export in April-July quarter: Food Secretary. PTI LUX BAL BAL
