by PTI News | Mar 29, 2022 | 9:57 pm | Corporate Action, News
Mumbai, Mar 29 (PTI) Veteran banker Aditya Puri on Tuesday raised questions about Paytm's business model, saying the recently listed financial services company has earned customers not by rendering services but by way of cashbacks. Puri, who led HDFC Bank from inception and made it into the largest in the private sector space by the [...]
by PTI News | Mar 29, 2022 | 9:46 pm | Corporate Action, News
New Delhi, Mar 29 (PTI) Union Coal Minister Pralhad Joshi on Tuesday directed Coal India and its subsidiaries to scale up production on "priority" basis in a bid to ensure smooth supply of the dry fuel, especially during the upcoming monsoon season. He also said his ministry is giving utmost priority to coal gasification projects [...]
by PTI News | Mar 29, 2022 | 9:46 pm | Corporate Action, News
New Delhi, Mar 29 (PTI) Micro-blogging platform Twitter is testing an India-only cricket tab on Android, and it will be a single landing point to serve as a channel of discovery for all that is happening in cricket along with relevant, exclusive, and Twitter-first content, according to a release.The tab will bring together the best [...]
by PTI News | Mar 29, 2022 | 9:41 pm | Corporate Action, News
New Delhi, Mar 29 (PTI) Diageo-controlled United Spirits Ltd (USL) on Tuesday said it has extended the deadline to complete the "strategic review" of its select popular liquor brands till May 31, 2022. The company had earlier set the deadline of March 31, 2022 to complete the review process. "The strategic review of selected popular [...]
by PTI News | Mar 29, 2022 | 9:28 pm | Economy, News
New Delhi, Mar 29(PTI) The Opposition BJP termed the Kejriwal government's 'Rozgar' budget "disappointing", as it showed a decline in GDP and rise in fiscal deficit. Participating in a discussion on the budget in Delhi Assembly's budget session, Leader of Opposition Ramvir Singh Bidhuri claimed in a statement that the GDP growth rate in the [...]
by PTI News | Mar 29, 2022 | 9:28 pm | News
New Delhi, Mar 29 (PTI) Jeep India, a part of the automotive group Stellantis, on Tuesday introduced its new SUV Meridian and the deliveries will begin in June 2022.The Meridian is the company's first three-row SUV designed and engineered specifically for India. It will come with a 2-litre turbo diesel engine with nine speed automatic [...]
by PTI News | Mar 29, 2022 | 9:18 pm | Economy, News
New Delhi, Mar 29 (PTI) The Israel embassy and Mashav India, in collaboration with Jain Irrigation Pvt Ltd, have donated a family drip irrigation kit to Shaurya Foundation Trust in Haryana for the empowerment of persons with special needs. This initiative was organised on the Good Deeds Day and to celebrate 30 years of diplomatic [...]
by PTI News | Mar 29, 2022 | 9:15 pm | Corporate Action, News
New Delhi, Mar 29 (PTI) Tata Consumer Products Ltd (TCPL) on Tuesday announced the merger of all businesses of Tata Coffee Ltd with itself as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies. While the plantation business of Tata Coffee Ltd (TCL) will be demerged into TCPL's [...]
by PTI News | Mar 29, 2022 | 9:14 pm | News
New Delhi, Mar 29 (PTI) No social media company can undermine the constitutional rights of citizens, and internet must be a safe and trusted place with all platforms accountable to their users, IT Ministry officials said on Tuesday amid allegations that digital platforms are acting arbitrarily in pulling down content.The Centre has also affirmed its [...]
by PTI News | Mar 29, 2022 | 9:06 pm | News
Dubai, Mar 28 (PTI) Commerce and Industry Minister Piyush Goyal on Tuesday said his ministry is relooking at the processes and rejigging its current way of working and serving businesses and exporters. He said that an exercise is going on to see how the future of commerce should be. The world in many ways is [...]
by PTI News | Mar 29, 2022 | 9:02 pm | Commodities, News
Guwahati, Mar 29 (PTI) The Assam government on Tuesday said it has signed a mining pact with PSU major Oil India for exploration and extraction of petroleum products in eight blocks, yielding an annual royalty of around Rs 2,000 crore. Geology and Mining Director Ananda Kumar Das and Oil India Ltd (OIL) Executive Director (Frontier [...]
by PTI News | Mar 29, 2022 | 8:58 pm | News
New Delhi, Mar 29 (PTI) The government has received a total of 239 applications under the Production Linked Incentive (PLI) scheme for bulk drugs and 49 of them have been approved till now, the Rajya Sabha was informed on Tuesday.In a written reply to a query seeking details of applications received and selected under the [...]
by PTI News | Mar 29, 2022 | 8:56 pm | News
Raipur, Mar 29 (PTI) Locals in Chhattisgarh have lent their support to the start of coal mining in the Parsa block that will help generate electricity for Rajasthan, sources said. A few hundred locals of six project-affected villages on Tuesday made a request to the government of Chhattisgarh to start Parsa Block at the earliest, they [...]
by PTI News | Mar 29, 2022 | 8:52 pm | News
New Delhi, Mar 29 (PTI) Web and mobile app test platform LambdaTest has raised a total of USD 45 million in a venture round led by Premji Invest, the company said on Tuesday. Existing investors Sequoia Capital India, Telstra Ventures, Blume Ventures, and Leo Capital also participated in the funding round. Sandeep Johri, Ex-CEO and [...]
by PTI News | Mar 29, 2022 | 8:51 pm | Corporate Action, News
New Delhi, Mar 29 (PTI) Private sector lender ICICI Bank on Tuesday said it has accepted to acquire 10 lakh equity shares in Open Network for Digital Commerce (ONDC) for Rs 10 crore.After the acquisition of shares, the bank will hold a 5.97 per cent stake in ONDC.The bank has on March 28, 2022, accepted [...]
by PTI News | Mar 29, 2022 | 8:47 pm | News
New Delhi, Mar 29 (PTI) Religare Enterprises on Tuesday said its debt-ridden subsidiary Religare Finvest Ltd (RFL) has defaulted on an interest payment due on March 28 for the non-convertible debentures (NCDs). The company defaulted on an interest amount of Rs 2.41 crore, Religare Enterprises said in a regulatory filing. As a result, four investors [...]
by PTI News | Mar 29, 2022 | 8:45 pm | News
New Delhi, Mar 29 (PTI) Banking and transport services were partially affected in a few states on Tuesday as various central trade unions went on a nationwide strike for the second consecutive day to protest against policies of the central government. The two-day strike was called by a central trade unions' joint forum, which on [...]
by PTI News | Mar 29, 2022 | 8:42 pm | News
New Delhi, Mar 29 (PTI) Gross NPAs have reduced to Rs 7.73 lakh crore as of December 31, 2021, against Rs 10.36 lakh crore as of March 31, 2018, due to transparent recognition of stressed assets, the government informed the Rajya Sabha on Tuesday. Finance Minister Nirmala Sitharaman said as per inputs received from the [...]
by PTI News | Mar 29, 2022 | 8:34 pm | News
New Delhi, Mar 29 (PTI) The Opposition on Tuesday accused the government of increasing the "stranglehold" of the corporate affairs ministry on the profession of chartered accountancy and said the amendments it has proposed to a law for cost and chartered accountants will infringe on their independence. During the discussion on The Chartered Accountants, the [...]
by PTI News | Mar 29, 2022 | 8:26 pm | News
Dehradun, Mar 29 (PTI) A vote-on-account of over Rs 21,000 crore was tabled in the Assembly on Tuesday amid criticism by opposition Congress members who contended citing the rules of business that it could not be laid without a discussion in the House on the Governor's address. The vote-on-account tabled by Chief Minister Pushkar Singh [...]
