New Delhi, Apr 1 (PTI) State-run power giant NTPC on Friday said its joint venture firm NTPC Sail Power Company Ltd (NSPCL) has made a 250 MW captive power unit commercially operational at Rourkela in Odisha. With this, the installed and commercial capacity of NSPCL has become 1,064 MW, while the NTPC Group's installed and [...]
Mumbai, Apr 1 (PTI) Agriculture value chain enabler Samunnati on Friday said it plans to increase its workforce by 20 per cent this year. Currently, the company has a headcount of 611. According to a statement, the company intends to bolster its workforce further by adding 20 per cent more talent in 2022, with close [...]
New Delhi, Apr 1 (PTI) Multiplex operator PVR on Friday said it has discontinued operations of 23 screens across nine properties after the expiry of their lease with Cineline India. After this, PVR's screen count as on date has come down to 848 at 172 properties in 73 cities, the company said in a regulatory [...]
GST collections soared to an all-time high of Rs 1.42 lakh crore in March as the fiscal year-end frenzy to meet targets saw strong sales and a crackdown on evasions brought in more taxes. The Goods and Services Tax (GST) collection rose 15 per cent annually in March, the finance ministry said on Friday. With [...]
18 teams with two men golfers and one woman golfer each to tee-off for the title New Delhi, Delhi, India – Business Wire India In continuation with their promise of many firsts in the Indian Golf Circuit, Ballantine’s, from the house of Pernod Ricard, is ready to host India’s first Golf Mixed Pro Challenge. The [...]
New Delhi, Apr 1 (PTI) Axis Bank's planned acquisition of Citigroup's consumer banking portfolio will strengthen its retail market position as well as diversify the revenue profile, global rating agency S&P said on Friday. "We expect significant profitability improvements to only accrue from fiscal 2025 onwards as it will take time to complete the acquisition [...]
Kolkata, Apr 1 (PTI) Direct selling companies are betting big on the eastern part of the country to expand their businesses as West Bengal, Bihar and Odisha are among the top five states in terms of the performance of the sector that witnessed over 7 per cent growth in the country in the COVID-hit 2020-21 [...]
Bhopal, Apr 1 (PTI) The Madhya Pradesh Electricity Regulatory Commission (MPERC) has cleared a hike of 2.64 per cent in power tariff for the current financial year.The increase comes amid rising prices of fuels such as petrol, diesel and LPG.MPERC secretary Gajendra Tiwari told PTI on Friday that once the commission clears a hike in [...]
Mumbai, Apr 1 (PTI) House economists at the State Bank of India (SBI) have called for a slew of reforms to incentivise regional rural banks, including granting them on-tap licence for conversion into Small Finance Banks (SFBs). In September 2018, the Reserve Bank of India (RBI) allowed urban cooperatives and microfinance lenders to convert themselves [...]
New Delhi, Apr 1 (PTI) Shares of Hero Motocorp on Friday declined over 2 per cent amid fresh concerns related to the I-T department detecting multiple irregularities after raids on the company. Hero Motocorp shares tanked 6.32 per cent to Rs 2,151.60 apiece during the day on the BSE. Later, it managed to recover some [...]
Pune, Maharashtra, India (NewsVoir) Investing a sizeable corpus of money in an excellent financial tool like a fixed deposit over a longer tenor can yield a generous amount at maturity. It can help you grow your idle savings and even beat inflation. Since the payout isn't affected by market movements, you can calculate your expected [...]
Mumbai, Maharashtra, India – Business Wire India HDFC Bank has been adjudged Best Performing Bank in SHG Linkage by National Rural Livelihood Mission (NRLM), Ministry of Rural Development, Govt of India. At a function organised at Vigyan Bhavan, New Delhi, the award was presented by Shri Giriraj Singh, Hon’ Minister of Rural Development to Mr. [...]
Bhubaneswar, Apr 1 (PTI) After bagging Utkal B1 and B2 coal block in the Angul-Talcher belt in the state, Jindal Steel & Power Limited (JSPL) on Friday said it would develop its Odisha plant into the largest and greenest facility in the world. This was stated by the company’s chairman Naveen Jindal. He said JSPL [...]
New Delhi, Apr 1 (PTI) Honda Cars India on Friday said Takuya Tsumura has taken charge as President and CEO of the company. As part of the organisational changes, the company has also elevated Kunal Behl as Vice President, Marketing and Sales from his erstwhile position of Operating Head – Sales and Network Development. In [...]
Kochi, Apr 1 (PTI) Aegon Life, a leading digital life insurance company, has partnered with Ahalia Finforex, a Kerala-based diversified financial services firm, to provide life insurance access to the unorganised and unserved segments of the society residing in Kerala. The exclusive partnership between Aegon Life and Ahalia Finforex provides insurance coverage to over five [...]
Kolkata, Apr 1 (PTI) Coal India on Friday said it registered production of 622.6 million tonne in 2021-22, a 4.4 per cent jump over that in FY21, bucking two years of declining streak.The mining major informed the bourses that its total off-take in 2021-22 was nearly 661.9 million tonne, a sharp 15.3 per cent jump [...]
Most fertilizer stocks were up as the market rose. Shares of Khaitan Chemicals & Fertilizers surged 4.97% and got locked at an upper circuit. It was already listed on the BSE, but it got listed on the NSE in October 2020. The share has given multibagger returns in the last year. On April 01, 2021, [...]
Kolkata, Apr 1 (PTI) Gross loan portfolio of the microfinance institutions stood at Rs 2,56,058 crore as of December 2021, according to an industry body report.As many as 13 banks hold the largest share of the portfolio with an outstanding at Rs 1,03,569 crore, which is 40.4 per cent of the disbursal by the MFIs, [...]
Mumbai, Apr 1 (PTI) Virtual cars showroom platform CarzSo on Friday it has closed deals for more than 500 pre-owned cars in the fiscal ended March 2022, garnering a revenue of Rs 10 crore. The platform, which re-launched its VR-based cars showroom in January this year, offers its customers a wide range of pre-owned cars [...]