New Delhi, Mar 25 (PTI) As many as 491 charging stations have been installed as of March 1 this year under the two phases of the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) scheme, Parliament was informed on Friday. As per information received from the Ministry of Petroleum and Natural Gas, a [...]
New Delhi, Mar 25 (PTI) A strong domestic economy would help reduce the negative external impact of the Russia-Ukraine conflict, high input costs and disruptions in supply chain, eminent economist Shashanka Bhide said on Friday. Bhide further said that growth in stable employment and household income would be the basis for the recovery in consumption spending. "The (Russia-Ukraine) [...]
New Delhi, Mar 25 (PTI) West Bengal is creating an ecosystem for industries to invest, and by relaxing compliance requirements it has made it easier for businesses to put in their capital, a senior state government official said on Friday. In the run up to the Bengal Global Business Summit to be held from April [...]
New Delhi, Mar 25 (PTI) Urban areas in the national capital recorded higher unemployment rate compared to rural pockets, according to the Delhi Economic Survey, 2021-22. The survey was tabled in Delhi Assemby on Friday. During the July 2019-June 2020 period, the estimated unemployment rate in Delhi was at 8.7 per cent while the employment [...]
New Delhi, Mar 25 (PTI) The ED on Friday said it has attached assets worth Rs 11.35 crore of Shiv Sena MLA Pratap Sarnaik in a money laundering case linked to the National Spot Exchange Limited (NSEL). The federal probe agency issued a provisional order under the Prevention of Money Laundering Act (PMLA) for attachment [...]
New Delhi, Mar 25 (PTI) The Lok Sabha on Friday approved the Finance Bill, which gives effect to new taxation, thus completing the Budgetary exercise for 2022-23 fiscal.The Finance Bill was approved by the Lower House after accepting 39 official amendments moved by Finance Minister Nirmala Sitharaman and rejecting the amendments proposed by the opposition [...]
New Delhi, Mar 25 (PTI) The government blocked 1,311 web links under the IT Act in 2022, Parliament was informed on Friday. Of these, 1,264 links were blocked by the Ministry of Electronics and IT (Meity) and 47 links by the Information and Broadcasting Ministry in the current year. Minister of State for Electronics and [...]
New Delhi, Mar 25 (PTI) West Bengal is creating an ecosystem for industries to invest, and by relaxing compliance requirements it has made it easier for businesses to put in their capital, a senior state government official said on Friday. In the run up to the Bengal Global Business Summit to be held on April [...]
New Delhi, Mar 25 (PTI) India's agricultural and processed food products exports have touched USD 21.5 billion in April to February this fiscal, the commerce ministry said on Friday. The ministry said that rice exports have crossed USD 8.67 billion during the same period. Moreover, the outbound shipments of wheat have reached USD 1.74 billion [...]
Hyderabad, Mar 25 (PTI) Expressing optimism about the civil aviation sector bouncing back following a difficult phase due to COVID-19 pandemic, Union Civil Aviation Minister Jyotiraditya Scindia on Friday said Indian airline operators are expected to add 110 to 120 new aircraft every year in the days to come. Speaking at the inaugural session of [...]
Hyderabad, Mar 25 (PTI) SpiceJet, Boeing and CSIR-Indian Institute of Petroleum (IIP) on Friday announced that they are working together to explore opportunities for the use of sustainable aviation fuel (SAF) in the Indian aviation industry. The coordination is part of their commitment to help reduce carbon emissions to achieve environmental goals, a press release [...]
Mumbai, Mar 25 (PTI) Reserve Bank of India (RBI) on Friday released the framework for geo-tagging of payment system touch points to ensure proper monitoring of the availability of payment acceptance infrastructure. Geo-tagging refers to capturing the geographical coordinates (latitude and longitude) of payment touch points deployed by merchants to receive payments from their customers. [...]
Hyderabad, Mar 25 (PTI) Aircraft-maker Airbus on Friday said it has signed a memorandum of understanding (MoU) with Airlift Global, a company backed by UK-based AUM Capital, to develop helicopter emergency medical service (HEMS) and associated air medical service in India. The MoU was signed at the ongoing Wings India 2022 here by Sunny Guglani, [...]
Markets regulator Sebi on Friday imposed penalties on three individuals for violation of insider trading norms in the shares of Titan Company Ltd during the April 2018 to March 2019 period when they were designated employees. A fine of Rs 1 lakh each has been imposed on G S Saravanan, Ashik M P and V [...]
FMCG major Emami on Friday said it has acquired the 'Dermicool' brand from Reckitt for a total consideration of Rs 432 crore. The acquisition is funded through internal accruals and is subject to the customary closing conditions, the company said in a statement. The Dermicool brand is popular for providing respite from the prickly heat [...]
New Delhi, Mar 25 (PTI) Luxury carmaker BMW India on Friday said it will increase prices of its entire model range by up to 3.5 per cent from April 1 to offset the impact of rise in input costs. The price increase will be brought into effect to adjust the material and logistics costs, impact [...]
Telecom operator Bharti Airtel on Friday said that it has paid ₹8815 crores to the government. This was a part prepayment of deferred liabilities pertaining to spectrum acquired in the 2015 auction, the instalments for which are due in FY2027 and FY2028, the company said in a statement. "These liabilities carried an interest rate of [...]
Chennai, Mar 25 (PTI) Noted jewellery retailer Kalyan Jewellers on Friday strengthened its retail footprint with a new outlet inaugurated in neighbouring Chengalpet district, the company said on Friday. The retail store is the jewellers' 25th outlet in Tamil Nadu, 124th in the country and 154th store globally. "...we are delighted to announce the launch [...]
Kolkata, Mar 25 (PTI) India's largest private port operator Adani Ports and SEZ (APSEZ) Ltd has emerged as the highest bidder for the West Bengal government's greenfield deep-sea port project at Tajpur in a neck-to-neck fight with JSW Group, a source said on Friday.APSEZ and Sajjan Jindal-led JSW Group were the only two entities that [...]
India's sugar export is estimated to rise by 7 per cent to 75 lakh tonnes in 2021-22 marketing year ending September, the government said in the Rajya Sabha on Friday. In a written reply to the Rajya Sabha, Minister of State for Food and Consumer Affairs Sadhvi Niranjan Jyoti said: "As a result of various [...]
