New Delhi, Mar 31 (PTI) Retail inflation for industrial workers eased to 5.04 per cent in February from 5.84 per cent in January this year mainly due to lower prices of certain food items. Inflation based of the consumer price index for industrial workers (CPI-IW) was at 4.48 per cent in February 2021, a labour [...]
Mumbai, Mar 31 (PTI) The city gas utility Mahanagar Gas on Thursday announced a steep reduction in the retail price of CNG by Rs 6 per kg and piped gas by Rs 3.50 per scm, effective Friday, even as the Centre more than doubled the price of domestically-produced natural gas earlier in the day. In [...]
Mumbai, Mar 31 (PTI) India's current account deficit widened to USD 23 billion or 2.7 per cent of the GDP in the December quarter, the Reserve Bank said on Thursday. The health of current account, which is a key indicator of a country's external strength, has deteriorated when compared to the preceding September quarter as [...]
Solar cells import rose to USD 3,447 million (around Rs 26,000 crore) during April-January 2021-22 as compared to USD 572 million in the previous financial year, Parliament was informed on Thursday. The imports were worth USD 1,684 million in 2019-20 and USD 2,160 million in 2018-19, New & Renewable Energy Minister R K Singh said [...]
New Delhi, Mar 31 (PTI) The government will prepare an action plan to augment areas and production of sunflower in the country after studying suggestions of various states and experts, Agriculture Minister Narendra Singh Tomar said on Thursday. Tomar, after holding a detailed discussion with state governments and experts, said the sunflower production will be [...]
Gandhinagar, Mar 31 (PTI) Gujarat recorded its lowest Gross State Domestic Product (GSDP) growth in five years in financial year 2020-21 -- when the coronavirus pandemic began -- the Comptroller and Auditor General of India (CAG) has noted in its report.This period saw lockdowns and various restrictions being imposed on account of the pandemic.The `State [...]
New Delhi, Mar 31 (PTI) Adani Enterprises on Thursday said it has received a letter of award from NHAI to develop a section of National Highway 48 under the government's Bharatmala Pariyojana. In a regulatory filing, Adani Enterprises said its wholly-owned subsidiary Adani Road Transport Ltd (ARTL) recently participated in the tender invited by National [...]
Mumbai, Mar 31 (PTI) The IPO-bound DreamFolks has bagged contracts to provide lounge services at railway stations in New Delhi, Ahmedabad, Ernakulam, Madurai and Sealdah. Gurugram-based DreamFolks Services, which is awaiting the regulatory nod to launch its Rs 1,000-1,200-crore primary share sale, is the largest airport lounge services aggregator serving 51 of the leading airports [...]
New Delhi, Mar 31 (PTI) Logistics startup Wiz Freight has raised Rs 275 crore through a mix of equity and debt led by Tiger Global. The series A funding round also saw participation from Axilor Ventures, Foundamental, Arali Ventures, Stride Ventures, and Alteria Capital.The investment marks the largest series A funding in the Indian logistics [...]
Edtech startup Vedantu on Thursday said it is on track to be "IPO-ready" in 18-24 months, and is upbeat about the India market prospects that offer ample headroom for growth. With COVID-19 cases receding and offline learning modes opening up, the blazing pace of growth in online learning has sobered a bit, but the market [...]
New Delhi, Mar 31 (PTI) Shares of Axis Bank gained over 1 per cent on Thursday after the company said it will acquire US-based Citi's consumer business in India for Rs 12,325 crore. The stock jumped 1.82 per cent to Rs 763.90 during the day on the BSE. It finally settled at Rs 760.65 apiece, [...]
Nearly 97 lakh bids were withdrawn in Ruchi Soya Industries' Rs 4,300 crore follow on public offer after markets watchdog Sebi had directed the company to give investors the option to withdraw their bids, according to sources. However, the Follow on Public Offer (FPO) is complete. In a rare move, Sebi, on March 28, had [...]
The government on Thursday more than doubled the price of natural gas that is used to produce electricity, make fertilisers, turned into CNG and piped to household kitchens for cooking, on the back of a spike in global energy prices. The price of gas produced from old regulated fields, such as the nation's largest gas [...]
Benchmark BSE Sensex soared by 9,059.36 points or 18.29 per cent to close FY2021-22 at 58,568.51. Following are the milestones achieved by Sensex in 2021-22 fiscal: *October 19: Sensex goes past 62,000-mark in intra-day trade; touches all-time high of 62,245.43 *October 14: Goes past 61,000-mark for the first time ever both in intra-day and at [...]
New Delhi, Mar 31 (PTI) Bayer, a global enterprise with core competencies in the life sciences field of healthcare and nutrition, on Thursday said it will set up 27 telemedicine centres in India over the next two years. The telemedicine centres will be set up in 12 districts across eight states in the country through [...]
New Delhi, March 31: Google shines bright at the 1st spot in the category of Dream Companies 2022 among both B-School and Engineering students, according to the findings of the Dare2Compete (D2C) Campus Employer Branding Report 2022. McKinsey emerged as the runner-up, followed by HUL in 3rd place in the B-School category. Amazon won the [...]
New Delhi, Mar 31 (PTI) Construction of state-run NTPC's Barh thermal power project in Bihar that has involvement of Russian entities has been affected due to various sanctions against Russia, Parliament was informed on Thursday. "In so far as Ministry of Power is concerned, NTPC’s Barh Super Thermal Power Project, Stage-I (3X660 MW), which is [...]
New Delhi, Mar 31 (PTI) Production of eight infrastructure sectors expanded by 5.8 per cent in February against a contraction of 3.3 per cent in the same month last year on better show by coal, natural gas, refinery products and cement industries, according to official data released on Thursday. Production of crude oil and fertiliser [...]
New Delhi, Mar 31 (PTI) Two-wheeler market leader Hero MotoCorp on Thursday launched its new Hero Destini 125 'XTEC' scooter with price starting at Rs 69,900 (ex-showroom Delhi). The new scooter, powered by a 125cc engine producing a power output of 9 BHP, comes in two variants with the standard variant priced Rs 69,900 and the top end [...]
New Delhi, Mar 31 (PTI) ONGC, which opened seven out of India's eight oil and gas producing basins, is on the way to open another basin, Vindhyan as it details out commercialisation of a gas discovery in Madhya Pradesh. An exploratory well in Son valley sector in Madhya Pradesh's Damoh district discovered gas, and on [...]
