Colombo, Mar 12 (PTI) India and Sri Lanka have signed an agreement for developing a 100 megawatt solar power plant in the island nation's eastern port district of Trincomalee, as part of the efforts to strengthen bilateral economic partnership, including through cooperation in the renewable energy sector. The signing ceremony took place on Friday at [...]
New Delhi, Mar 12 (PTI) The textile ministry has received applications from as many as 67 companies to avail benefits of the production linked incentive (PLI) scheme for man-made fibres and technical textile sectors, a top government official said on Saturday. The PLI scheme for textiles covers 40 man-made fibre (MMF) garment items, 14 MMF [...]
Pune, Maharashtra, India (NewsVoir) With global events sparking uncertainty and infusing a fresh dose of volatility into the market, investors may be eager to trade risk for fixed returns. Bajaj Finance Fixed Deposit, for instance, removes the “fear factor” as its returns are not linked to the market’s performance. It offers an FD rate of [...]
New Delhi, Mar 12 (PTI) Homebuyers' apex body FPCE expects the implementation of realty law RERA to improve following the Supreme Court's recent direction to the Centre to examine the rules framed by states and see whether those subserve the consumers' interest. Last month, the Supreme Court directed the Centre to examine whether the rules [...]
New Delhi, Mar 12 (PTI) Retirement fund body EPFO on Saturday decided to lower the interest on provident fund deposits for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent provided in 2020-21, sources said. This is the lowest since 1977-78, when the EPF [...]
Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurved, will hit the capital market with its follow-on public offer (FPO) on March 24 to raise up to Rs 4,300 crore. In a regulatory filing late on Friday, Ruchi Soya said a committee of the board has approved and adopted the red [...]
The brand was also ranked No.1 in the skin care category in the 2020 report published Mumbai, Maharashtra, India (NewsVoir) Trusted, loved and always caring, NIVEA India has been recognized as India’s No. 1 Trusted Brand 2022 in the category of Skin Care by the prestigious brand intelligence firm TRA research. This is the second [...]
India – Business Wire India Over two days—March 11 and March 12, 2022— prominent national and international figures, global CEOs, opinion makers and government leaders share their insights on the theme ‘The Great Resurgence: Now, Next & Beyond’ that encompasses a post-pandemic and rapidly evolving geo-political calculus, the disruption in economies and the path to [...]
The shares of Olectra Greentech, an Indian EV major, traded at Rs. 226 a year ago has risen to provide 194.6% returns and currently trades at Rs. 663.95. The stock has turned out to be a gold mine for long term investors providing 851.1% returns over the last 5 years and increasing a whopping 23 [...]
Bhubaneswar, Mar 12 (PTI) The Odisha government and the National Bank for Agriculture and Rural Development (Nabard) have inked a pact for the creation of fisheries infrastructure to augment fish production in the state.The memorandum of agreement was signed between Principal Secretary, Finance, Vishal Dev and Nabard chief general manager C Udayabhaskar on Friday, according [...]
India's real estate sector is witnessing a healthy increase in demand and the overall market outlook is bright for the real estate industry. Brokerage firm Angel One has given targets for these real estate stocks. Sobha Ltd- Target ₹ 1050 Sobha Limited is an Indian multinational real estate developer that offers residential as well as [...]
Mumbai, Mar 11 (PTI) Japanese investor SoftBank Investment Advisers is in talks with Tatas and Mahindras for a stake buy in one of their subsidiaries, a top official said on Friday. The talks have been on for the last six months and both the conglomerates represent an interesting opportunity to invest, courtesy strong brand presence [...]
Mumbai, Mar 11 (PTI) Bookings in the travel industry are picking up pace, and 2022 will be another recovery year for the sector, Booking Holdings President and CEO Glenn Fogel said on Friday."It's been a difficult time for the travel industry for the last two years...But the interesting thing is that people always want to [...]
New Delhi, Mar 11 (PTI) The CBI on Friday opposed before a Delhi Court the bail application by Anand Subramanian in National Stock Exchange (NSE) co-location scam case, saying that the former group operating officer (GOO) impersonated as a “Himalayan Yogi” and influenced the decision making of former managing director and chief executive officer Chitra [...]
Mumbai, Mar 11 (PTI) Comprehensive Economic Partnership Agreement (CEPA) between India and the United Arab Emirates will enhance the exports between the countries and help create jobs and new businesses, UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi said on Friday."The signing of CEPA between India and UAE is going to [...]
Mumbai, Mar 11 (PTI) The RBI on Friday asked Vijay Shekhar Sharma- promoted Paytm Payments Bank to stop opening new accounts amid "material supervisory concerns" observed in the bank. This is the third time that Paytm Payments Bank is facing action from the banking regulator since its inception in May 2017. It has been prohibited [...]
New Delhi, Mar 11 (PTI) Telecom operator Bharti Airtel has selected three startups - Nuronics Labs, Enthu.Ai and Chimes Radio - for its accelerator programme, the company said on Friday.The startups were declared winners of the 'Airtel India Startup Innovation Challenge', organised in partnership with Invest India."The three winners of the competition will get access [...]
Mumbai, Mar 11 (PTI) The country's merchandise exports are likely to be at USD 111.3 billion in the fourth quarter of the current fiscal, according to a forecast by India Exim Bank.Non-oil exports are expected to be at USD 95.2 billion in Q4 FY22, with total merchandise outbound shipment exceeding USD 414 billion for FY [...]
New Delhi, Mar 11 (PTI) Implementation of QR-code based Geographical Indication (GI) tag for Kashmiri hand-knotted carpets will discourage their counterfeit production and enable buyers to identify authenticity of carpets produced in the union territory, an official said on Friday. The QR-code based mechanism has recently been introduced for the purpose of testing and certification [...]
