New Delhi, Mar 21 (PTI) The Indian advertising sector is expected to grow with a CAGR of 12 per cent and should reach Rs 1 lakh crore revenue by 2024, said a joint report by industry body Ficci and consultancy firm EY. The Indian Media and Entertainment sector revenue grew 16.4 per cent to Rs [...]
New Delhi, Mar 21 (PTI) The boards of Equitas Holdings and its subsidiary Equitas Small Finance Bank (ESFBL) have approved their merger plan, according to regulatory filings. The boards of directors of the two companies at their respective meetings approved the scheme of amalgamation between Equitas Holdings Ltd (transferor company) and Equitas Small Finance Bank [...]
New Delhi, Mar 21 (PTI) Star Union Dai-ichi Life Insurance (SUD Life) will tap customers living in smaller towns and rural areas through a partnership with Vakrangee. SUD Life is a joint venture between Bank of India, Union Bank of India, and Dai-ichi Life Japan. The partnership with the fintech player, which is at the [...]
New Delhi, Mar 21 (PTI) A Parliamentary panel has recommended framing a new price control regime specific for medicines and medical devices for COVID-19 management and put them under price control with no annual increase in prices allowed till the pandemic is entirely over in the country. The Parliamentary Standing Committee on Chemicals and Fertilisers, [...]
Bank of India (BoI) on Monday said it has invested nearly Rs 109 crore in National Asset Reconstruction Company Ltd (NARCL). "We hereby inform that on March 21, 2022, bank has invested Rs 108.81 crore in National Asset Reconstruction Company Ltd (NARCL), under preferential share issue," the bank said in a regulatory filing. The bank's [...]
Dubai, Mar 21 (PTI) Indian animation and visual effects industry is now a back office of the world, making it the fastest growing sector this year with a growth around 57 per cent, according to FICCI-EY Report on Media and Entertainment released here Monday.The rise of the VFX segment further signals to its double growth [...]
New Delhi, Mar 21 (PTI) The Supreme Court-appointed panel was not in favour of total repeal of the three controversial farm laws and instead had suggested leaving procurement of crops at a specified price to the states and scrapping of Essential Commodities Act, one of the three members of the panel said on Monday while [...]
New Delhi, Mar 21 (PTI) India buying more volumes of crude oil from Russia is still less than 1 per cent of the total oil imports while the volumes from the US will rise significantly, Petroleum Minister Hardeep Singh Puri said on Monday. Replying to supplementaries during the Question Hour in the Rajya Sabha, he [...]
New Delhi, Mar 21 (PTI) A Parliamentary panel on Monday expressed concern over inadequate budgetary allocation for department of fertilisers for 2022-23 fiscal and asked the finance ministry to allocate sufficient funds in Budget itself for timely and optimum utilisation of the amount. The standing committee on chemicals and fertilisers in its report on 'Demand [...]
New Delhi, Mar 21 (PTI) Capital markets regulator Sebi on Monday imposed penalties totalling Rs 15 lakh on three entities for indulging in non-genuine trades in illiquid stock options on BSE. In three separate orders, the regulator levied a fine of Rs 5 lakh each on Sanjay Bansal, Abhishek Sheth HUF and Abhishek Mall. The [...]
New Delhi, Mar 21 (PTI) Infrastructure cost incurred in the mining of cryptocurrencies or any virtual digital assets will not be allowed as deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary said on Monday.In a written reply to the Lok Sabha, Chaudhary said the government will come out with a [...]
Jaipur, Mar 21 (PTI) Short-term crop loans of Rs 18,000 crore have been disbursed to farmers in Rajasthan this year and that of Rs 20,000 crore are expected to be sanctioned in the coming year, a state minister said on Monday. State Cooperative Minister Udai Lal Anjana gave this information in reply to a question [...]
New Delhi, Mar 21 (PTI) A Parliamentary panel on Monday suggested that the government should extend the period of repayment of loans under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector. The Parliamentary standing committee on industry has also asked the government to digitise the GST system to ensure paperless refund of [...]
New Delhi, Mar 21 (PTI) Indian Potash Ltd on Monday signed an agreement with Israel Chemicals Ltd for supply of 6-6.5 lakh tonnes muriate of potash (MOP) annually during 2022-27 period. The collaboration is aimed at boosting domestic availability of fertilizers. According to an official statement, Indian Potash Ltd (IPL) signed a Memorandum of Understanding [...]
New Delhi, Mar 21 (PTI) The Union government has sanctioned armed security cover of over 200 CISF personnel to guard the recently launched Jio World Centre, a business and entertainment centre in Mumbai developed by Reliance Industries Ltd (RIL).The centre, touted to be about 12 times larger than a FIFA football field and 10.3 times [...]
New Delhi, Mar 21 (PTI) Finance Minister Nirmala Sitharaman on Monday defended a proposal to cut interest rate paid on employees' provident fund deposits to over four-decade low of 8.1 per cent, saying the rate is dictated by today's realities where interest rate on other small saving instruments was even lower. Replying to a debate [...]
Beijing, Mar 21 (PTI) There were no foreigners among the 132 people on board the Chinese passenger plane which crashed in the southern Guangxi Zhuang Autonomous Region on Monday, the official media reported. The Boeing 737 aircraft of China Eastern Airlines, which flew from Kunming to Guangzhou, crashed in Tengxian County in the city of [...]
Mumbai, Mar 21 (PTI) There is no prospect of the economy falling into a stagflation vortex and retail inflation is expected to moderate going forward, Reserve Bank Governor Shaktikanta Das said on Monday, notwithstanding fears of imported inflation given the massive spike in commodity prices, especially crude oil, after Russia invaded Ukraine last month. Already [...]
New Delhi, Mar 21 (PTI) Government-sponsored SWAMIH fund has achieved completion of the second phase of housing project Panchsheel Greens 2 in Greater Noida, near here, and keys have been handed over to homebuyers, the Finance Ministry said on Monday. Within eight months of project receiving SWAMIH funding, Phase 2 launched in 2012 of Panchsheel [...]
New Delhi, Mar 21 (PTI) Property consultant Realistic Realtors on Monday said it has facilitated the leasing of 70,000 square feet of managed office space in Ahmedabad to US-based Analytix Business Solutions. The tri-party agreement has been facilitated between Sun Builders Group, The Address and US-headquartered Analytix Business Solutions (I) Pvt Ltd, the Gurugram-based consultant [...]
