by PTI News | Mar 24, 2022 | 8:55 pm | News
New Delhi, Mar 24 (PTI) Bank of Baroda (BoB) on Thursday said it has entered into a co-lending pact with non-banking financial company Paisalo Digital to provide small-ticket business loans to women entrepreneurs and MSMEs. The partnership will provide access to small-ticket finance for income generation to Micro, Small and Medium Enterprises (MSMEs) and women [...]
by PTI News | Mar 24, 2022 | 8:52 pm | News
New Delhi, Mar 24 (PTI) The joint bid of Reliance Industries and Assets Care & Reconstruction Enterprise (ACRE) for debt-ridden Sintex Industries has been moved before the NCLT for its approval after getting unanimously selected by the lenders of the textiles maker. The resolution professional of Sintex Industries has filed the resolution plan by RIL [...]
by PTI News | Mar 24, 2022 | 8:47 pm | Commodities, News
New Delhi, Mar 24 (PTI) Amid mounting protests against the ambitious SilverLine project, Kerala Chief Minister Pinarayi Vijayan on Thursday said Prime Minister Narendra Modi has taken a positive stand on the project and expressed hope that required approvals from the central government will come at a faster pace. Vijayan met the prime minister on [...]
by PTI News | Mar 24, 2022 | 8:41 pm | News
Mumbai, Mar 24 (PTI) Banks will conduct special clearing operations for the annual closure of government accounts on March 31, which is the last day of the fiscal year, the RBI said on Thursday. The Reserve Bank has issued directions to the banks for smooth clearing operation and asked them to participate in it. All [...]
by PTI News | Mar 24, 2022 | 8:18 pm | Corporate Action, News
New Delhi, Mar 24 (PTI) Ascendas India Trust (a-iTrust) on Thursday said it will buy 0.33 million square feet warehouse project in Navi Mumbai for Rs 215 crore. Ascendas Property Fund Trustee Pte Ltd, the trustee manager of a-iTrust said in a statement it has entered into definitive agreements for the proposed acquisition of all [...]
by PTI News | Mar 24, 2022 | 8:14 pm | News
New Delhi, Mar 24 (PTI) Employment in the country has increased by 22 per cent in the past seven years since 2013-14, as per the survey reports of labour bureau, Union Labour Minister Bhupender Yadav told Parliament on Thursday. The minister also told the House that according to the Periodic Labour Force Survey (PLFS), unemployment [...]
by PTI News | Mar 24, 2022 | 8:12 pm | News
New Delhi, Mar 24 (PTI) Ed-tech company BYJU’S on Thursday said it has been named as an official sponsor of the FIFA World Cup Qatar 2022. BYJU’S, through this partnership, will leverage its rights to the FIFA World Cup 2022 marks, emblem, and assets, and run unique promotions to connect with football fans around the [...]
by PTI News | Mar 24, 2022 | 8:01 pm | News
New Delhi, Mar 24 (PTI) Affordability and easy access to finance is helping sales of used car grow across the country, according to a report by the leading e-commerce platform for pre-owned vehicles CARS24. First edition of the 'Future of Mobility 2022' report expects the segment to grow further all across the country. The report [...]
by PTI News | Mar 24, 2022 | 7:59 pm | Corporate Action, Economy, News
New Delhi, Mar 24 (PTI) The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing set off of any losses with gains from other virtual digital assets. As per the amendments to the Finance Bill, 2022, circulated among the Lok Sabha members, the ministry proposes to remove the word 'other' [...]
by PTI News | Mar 24, 2022 | 7:52 pm | Economy, News
New Delhi, Mar 24 (PTI) The Income Tax department has found that a substantial amount of funds of an educational trust run by a group that owns schools and colleges in India and abroad has been "siphoned off" for the personal benefit of its promoters, the CBDT said on Thursday.The searches were conducted on March [...]
by PTI News | Mar 24, 2022 | 7:50 pm | News
New Delhi, Mar 24 (PTI) State-run power giant NTPC has made commercially operational an additional 42.5 MW of power generation capacity at Ramagundam floating solar project in Telangana from Thursday. Earlier the company had commissioned 17.5 MW (Part-I) and 20 MW (Part-II) of the Ramagundam floating solar project. With the addition of 42.5MW, the total [...]
by PTI News | Mar 24, 2022 | 7:41 pm | News
New Delhi, Mar 24 (PTI) The Lok Sabha on Thursday passed the Demands for Grants and Appropriation Bill 2022, authorising the government to withdraw Rs 122.43 lakh crore from the Consolidated Fund of India for its working as well as implementation of programmes and schemes for the fiscal beginning April 1. This completes two-thirds of [...]
by PTI News | Mar 24, 2022 | 7:31 pm | News
New Delhi, Mar 24 (PTI) Union Food Minister Piyush Goyal on Thursday assured that the Centre will procure excess stocks of raw rice from Telangana as per the quality specified by the Food Corporation of India. The assurance came from Goyal after a delegation of TRS leaders met Goyal in Parliament over the issue of [...]
by PTI News | Mar 24, 2022 | 7:27 pm | Economy, News
New Delhi, Mar 24 (PTI) The country's largest lender State Bank of India (SBI) on Thursday said it has entered into co-lending agreements with five housing finance companies to serve the underserved and unserved borrowers. The five housing finance companies (HFCs) are: PNB Housing Finance, IIFL Home Finance, Shriram Housing Finance, Edelweiss Housing Finance, and [...]
by PTI News | Mar 24, 2022 | 7:24 pm | Commodities, Commodity Prices, Economy, News
New Delhi, Mar 24 (PTI) People indulging in wrongdoing will be punished as there is no law in the country to protect either big industrialists or politicians, Commerce and Industry Minister Piyush Goyal told Parliament on Thursday. Responding to the debate on the Demands for Grants of the Commerce and Industry Ministry in the Lok [...]
by PTI News | Mar 24, 2022 | 7:18 pm | News
New Delhi, Mar 24 (PTI) The board of JSW Energy has approved the appointment of Rajeev Sharma as an additional and independent director, and Pritesh Vinay as an additional and whole-time director (finance), the company said on Thursday. The company's board, at its meeting held on Thursday, approved the appointment of Rajeev Sharma as an [...]
by PTI News | Mar 24, 2022 | 7:14 pm | Commodities, Economy, Foreign Exchange and Rupee Price, News
United Nations, Mar 23 (PTI) India's projected economic growth for 2022 has been downgraded by over two per cent to 4.6% by the United Nations, a decrease attributed to the ongoing war in Ukraine, with New Delhi expected to face restraints on energy access and prices, reflexes from trade sanctions, food inflation, tightening policies and [...]
by PTI News | Mar 24, 2022 | 7:06 pm | Economy, News
New Delhi, Mar 24 (PTI) A parliamentary panel on Thursday said the Union Agriculture Ministry is far from ensuring doubling the income of farmers and pointed out that incomes have rather fallen in some states like Jharkhand, Madhya Pradesh, Nagaland and Odisha between 2015-16 and 2018-19. The committee has recommend the ministry to form a [...]
by PTI News | Mar 24, 2022 | 7:00 pm | Economy, News
New Delhi, Mar 24 (PTI) Union Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi on Thursday urged Geological Survey of India to reduce timeframe for the submission of mineral exploration reports. The minister asked Geological Survey of India (GSI) to complete survey and preparation of report in a year using latest technologies, the Mines [...]
by PTI News | Mar 24, 2022 | 6:56 pm | Corporate Action, News
New Delhi, Mar 24 (PTI) State-owned Energy Efficiency Services Ltd has inked a pact with Bureau of Energy Efficiency to demonstrate Energy Efficiency Projects (DEEP) in industrial units, under the PAT (Perform Achieve Trade) scheme. The agreement has been signed to improve energy efficiency in the industry through demonstration of energy efficient technologies. The Bureau [...]
