New Delhi, Mar 13 (PTI) RattanIndia Enterprises, which recently made a foray into the fintech business, looks to have tie-ups with all the banks by the end of the next financial year. The fintech platform of the company, BankSe, has an arrangement with 21 banks and financial firms to offer loan products, at present. "Plan [...]
New Delhi, Mar 13 (PTI) Macleods Pharmaceuticals is recalling two products in the US market due to deviation from standard manufacturing norms, according to a USFDA report. According to the latest enforcement report issued by the US Food and Drug Administration (USFDA), the US-based arm of the drug firm is recalling 3,672 bottles of Amlodipine [...]
Jabalpur, Mar 13 (PTI) The MP Power Transmission Company Limited's (MPPTCL) load dispatch centre here has been provided additional cyber security, after the facility was recently recognised as a 'heritage critical and protected system' by the Union government, an official said on Sunday. The MPPTCL set up a cyber security system at the state load [...]
India has become the fifth most valued stock market in the world after markets from the US, China, Japan, and Hong Kong. Equity markets, especially in India, are being impacted by the Russia-Ukraine conflict, which has resulted in sustained selling by foreign institutional investors (FII). Amid changes, ICICI Securities has recommended these 6 stocks that [...]
New Delhi, Mar 13 (PTI) The Russia-Ukraine issue, the US Fed interest rate decision and release of domestic inflation data are some of the major factors that will drive the stock markets in a holiday-shortened week, analysts said. Market experts believe that stock markets are likely to stay volatile until the existing headwinds subside. "FOMC [...]
Aerospace and defence technology major Rolls-Royce plc on Saturday said India will continue to be an “important and high potential” market for the company. Speaking at The Economic Times Global Business Summit Rolls-Royce plc Chief Executive Warren East CBE said that India is not only among the few large economies to have managed a very [...]
New Delhi, Mar 12 (PTI) Diageo-controlled United Spirits Ltd (USL) on Saturday said it will acquire a minorirty 22.5 per cent stake in Nao Spirits for Rs 31.5 crore. Diageo India will also have a call option to acquire the remaining shares on "pre-agreed principles" in Nao Spirits & Beverages Private Ltd, a joint statement said. Launched [...]
New Delhi, Mar 12 (PTI) Interest rate on employees' provident fund deposits on Saturday was cut to a four-decade low of 8.1 per cent for the 2021-22 fiscal from 8.5 per cent in the previous year. This is the lowest interest rate since 1977-78 on deposits that employees make towards their retirement fund. Interest rate [...]
Mumbai, Mar 12 (PTI) Japanese financial group Mitsubishi UFJ Financial Group (MUFG) is establishing a USD 300 million fund to invest exclusively in Indian start ups, a senior official said on Saturday. "MUFG is establishing a 300 million US dollar fund named MUFG Ganesha Fund to invest exclusively in seeding Indian start ups," MUFG's Member [...]
New Delhi, Mar 12 (PTI) The government has sought feedback and suggestions from the industry and other stakeholders till March 25 regarding the upcoming national policy for the medical devices sector, an official release said on Saturday. The Department of Pharmaceuticals (DoP) has released on its website, an approach paper for the Draft National Policy [...]
Kolkata, Mar 12 (PTI) Tata Steel Ltd is looking at alternative markets for imports of coal as it faces uncertainties with its Russian suppliers and bankers, amid the Russia-Ukraine conflict, a company official said on Saturday. The geopolitical situation after Russia's invasion of Ukraine has also opened up steel export opportunities in Europe, following a [...]
New Delhi, Mar 12 (PTI) The Consumer Affairs Department will organise 'Consumer Empowerment Week' during March 14-20, coinciding with World Consumer Rights Day. In an official statement, the department said that the 'Consumer Empowerment Week' to celebrate and commemorate 75 years of progressive India and the glorious history of its people, culture and achievements. The [...]
The Media multibagger stock has given a return of 216.64% within a span of just one year. In the same period last year, the stock traded at Rs 53.50 per share. The stock seems to be making up for the lost momentum since inception. Over the last 6 months, the stock has earned investors 132.21%. The [...]
Interest rate on employees' provident fund deposits on Saturday was cut to a four-decade low of 8.1 per cent for the current 2021-22 fiscal from 8.5 per cent in the previous year. This is the lowest interest rate since 1977-78 on deposits that employees make towards their retirement fund. Interest rate on employees provident fund [...]
New Delhi, Mar 12 (PTI) Union minister Nitin Gadkari on Saturday said the government is targeting a pace of 50 km per day for national highways' construction in the country, and expressed hope that the pace in the current fiscal year will be higher than that in 2020-21. Addressing 'ET Global Business Summit' virtually, Gadkari said the [...]
New Delhi, Mar 12 (PTI) CPI MP Binoy Viswam on Saturday urged Finance Minister Nirmala Sitharaman to reconsider the decision of reducing the EPFO interest rate accusing the government of “throwing the working class under the bus”. In a letter he wrote to the minister, Viswam accused the BJP-led government of showing its “true colours” [...]
New Delhi, Mar 12 (PTI) The railways will now open food plaza, fast food units and multi-cuisine restaurants, taking over from its catering arm IRCTC, in a bid to generate non-fare revenue, according to an order issued by the Railway Board. The Indian Railway Tourism and Catering Corporation (IRCTC), which is responsible for serving food [...]
New Delhi, Mar 12 (PTI) Union minister Nitin Gadkari on Saturday said top officials of automobile companies have promised him that they will start manufacturing vehicles of flex-fuel variants within six months. Addressing 'ET Global Business Summit' virtually, Gadkari further said the government is working on a plan to shift public transport to 100 per cent clean energy [...]
New Delhi, Mar 12 (PTI) Bureau of Indian Standards (BIS) has seized 1,032 pressure cookers and 936 helmets which were found to be without ISI mark and violated the Quality Control Orders (QCO), the government said on Saturday. The BIS has conducted search and seizure operation for violation of QCO on helmets and pressure cookers, [...]
Dubai, Mar 12 (PTI) Union Steel Minister Ram Chandra Prasad Singh on Saturday said production of steel in India will increase in the years to come as it expands scale of reprocessing scrap materials. Speaking to PTI here, Singh said as part of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) it will be easier for [...]
