Mumbai, Mar 11 ( PTI) EV maker Omega Seiki Mobility (OSM) has formed a strategic partnership with Kathmandu-based MAW Vriddhi Commercial Vehicle to retail its vehicles in Nepal, according to a release. This association will enable OSM to meet the evolving needs of a customer base, which is rapidly looking for a sustainable and zero-emission last-mile [...]
New Delhi, Mar 11 (PTI) The Supreme Court on Friday agreed to examine a plea seeking a direction to Centre for formulating a Uniform Code of Pharmaceutical Marketing Practices to curb unethical practices of Pharma companies and ensure an effective monitoring mechanism, transparency, accountability as well as consequences of violations.A bench of Justices DY Chandrachud [...]
New Delhi, Mar 11 (PTI) IDBI Bank on Friday said it has become one of the stakeholders in the government-promoted bad bank National Asset Reconstruction Company Ltd (NARCL), and will invest over Rs 272 crore to acquire equity stake and subscribe to its bonds. "IDBI Bank has become one of the stakeholders of NARCL on [...]
Mumbai, Mar 11 (PTI) The RBI mandate on data localisation is not the best solution to address concerns regarding information security, global cards major Visa said on Friday. However, the company's chief executive Alfred F Kelly Jr made it clear that it believes in compliance with the local laws. Its rivals Mastercard and American Express [...]
Mumbai, Mar 11 (PTI) The sweeping economic sanctions on Russia - the second largest producer of crude oil - following its invasion of Ukraine late last month can cull global and domestic growth along with the added pains of higher inflation and currency depreciation, RBI Deputy Governor Michael Patra has said.And if the war lingers [...]
New Delhi, Mar 11 (PTI) Realty firm Sobha Ltd on Friday said its Vice Chairman and Managing Director Jagdish Chandra Sharma has resigned with effect from April 1, citing personal reasons. In a regulatory filing, Sobha informed that Sharma, vide a letter dated March 11, "tendered his resignation for the position of Director, Vice Chairman, [...]
Mumbai, Mar 11 (PTI) The rupee pared its initial gains and settled just 1 paisa lower at 76.44 against the US currency on Friday amid dollar demand from oil importers and state-run power companies. Persistent foreign fund outflows and geopolitical worries sapped risk appetite in the market, pushing investors towards safe-haven assets. At the interbank [...]
New Delhi, Mar 11 (PTI) Polymer products trading firm Vikas Lifecare is planing a capital expenditure of about Rs 120 crore to expand operations, the company said on Friday.The company also plans to hire 250-300 people to support its new projects, the NSE-listed company said in a statement. Under the expansion plans, the company will set up an ethanol project [...]
New Delhi, Mar 11 (PTI) D B Realty on Friday said its partnership firm DBS Realty has received a letter of acceptance from Municipal Corporation of Greater Mumbai (MCGM) to construct 4,000 tenements. "DBS Realty, a partnership firm in which D B Realty Ltd is a one-third partner, has received a Letter of Acceptance (LOA) [...]
New Delhi, Mar 11 (PTI) Factory production expanded by 1.3 per cent on an annual basis in January on account of better performance by mining and manufacturing sectors, though capital goods segment remained in contraction mode, as per government data released on Friday. The Index of Industrial Production (IIP) had contracted by 0.6 per cent [...]
The Indian stock market has been through many twists and turns in the last ten years and has witnessed huge single-day drops caused by the outbreak of Covid 19, demonetization, scams and other geopolitical conflicts. In the midst of all these situations, the share prices of Bharat Rasayan Ltd increased consistently. The shares of this [...]
Jubilant FoodWorks, a master franchise of brands such as Domino's and Dunkin' Donuts, on Friday said its CEO Pratik Rashmikant Pota has resigned. The company's board on Friday accepted the resignation of Pota as the CEO and Wholetime Director of the firm as he wishes to pursue opportunities outside Jubilant FoodWorks, the company said in [...]
New Delhi, Mar 11 (PTI) The government on Friday appointed former financial services secretary Debasish Panda as chairman of the Insurance Regulatory and Development Authority of India (IRDAI). The Appointments Committee of the Cabinet has approved Panda's appointment as chairperson of the insurance regulator initially for a period of three years from the assumption of [...]
Kolkata, Mar 11 (PTI) West Bengal Finance Minister Chandrima Bhattacharya on Friday presented a Rs 3.21-lakh crore budget for the 2022-23 fiscal, proposing incentives for battery-operated and CNG vehicles and tax relief for the tea sector.Total budget allocation for 2022-23 will see 3.8 times growth to Rs 3,21,030 crore as against the figure in 2010-11, [...]
New Delhi, Mar 11 (PTI) Messe Frankfurt India along with Auto Component Manufacturers of India (ACMA) will conduct first post-pandemic physical edition of industry event Automechanika at Pragati Maidan from February 1-3, 2024, a release said on Friday. The event would also mark a shift in the exhibition cycle from odd years to even years [...]
Mumbai, Mar 11 (PTI) American retail giant Walmart is not keen on opening direct-to-consumer physical stores in India, but will focus on growing its acquisitions - online marketplace Flipkart and payments major PhonePe, a top official said on Friday.It can be noted that the company acquired Flipkart and PhonePe in a USD 16 billion deal [...]
Mangaluru, Mar 11 (PTI) Following are prices of areca nut, coconut. Areca (per quintal) Old Supari : Rs 47,000 to Rs 52,000 model Rs 51,000 New Supari : Rs 38,000 to Rs 45,000 model Rs 42,000 Koka : Rs 25,000 to Rs 35,000 model Rs 30,000 Coconut [per thousand]: 1st quality: Rs 18,000 to Rs [...]
Indian carriers have increased their domestic services by 10.1 per cent to 25,309 weekly flights in the upcoming summer schedule as compared to 22,980 last season, aviation regulator DGCA said on Friday. IndiGo has increased its domestic flights by 10.4 per cent to 11,130 weekly services for summer 2022 as compared to 10,084 weekly services [...]
The RBI on Friday asked Paytm Payments Bank to stop opening new accounts amid "material supervisory concerns" observed in the bank. "Reserve Bank of India has today, in exercise of its powers, inter alia, under section 35A of the Banking Regulation Act, 1949, directed Paytm Payments Bank Ltd to stop, with immediate effect, onboarding of [...]
New Delhi, Mar 11 (PTI) Punjab & Sind Bank on Friday said it has entered into an agreement to buy 2 per cent stake in asset reconstruction company NARCL for Rs 55 crore. "Punjab & Sind Bank has entered into an agreement with National Asset Reconstruction Company on March 10, 2022 regarding investment in NARCL," [...]
