New Delhi, Mar 11 (PTI) The government in 2021 eased 79 "burdensome" compliances of the power sector under the EoDB-RCB programme, which were affecting individual consumers and industry, an official statement said Friday.Ease of Doing Business-Reducing Compliance Burden (EoDB-RCB) is a programme of the government to reduce the regulatory compliance burden on citizens and businesses.It [...]
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) influenced the decision making of former managing director and chief executive officer Chitra Ramakrishna.CBI counsel said that Subramanian, who [...]
New Delhi, Mar 11 (PTI) Consumers can now get the purity of their un-hallmarked gold jewellery tested at assaying facilities recognised by the Bureau of Indian Standard (BIS)."The charges for testing of gold jewellery upto 4 articles is Rs 200. For 5 or more articles, the charges are Rs 45 per article," an official statement [...]
ICICI Bank on Friday said it has raised Rs 8,000 crore by issuing debt securities on a private placement basis. The board of directors of the bank on April 24, 2021, had approved fund raising through issuance of debt securities. Pursuant to this, the bank has allotted 80,000 senior unsecured redeemable long-term bonds in the [...]
New Delhi, Mar 11 (PTI) India's digital economy is expected to witness exponential growth to USD 800 billion by 2030 on the back of rising internet penetration and increasing income, Finance Minister Nirmala Sitharaman said on Friday. Addressing the IIT Bombay Alumni Association virtually, she said India has over 6,300 fintechs, of which 28 per [...]
New Delhi, Mar 11 (PTI) Apple premium reseller Unicorn Infosolutions is planning to set up 75 stores in the next three years, a senior company official said on Friday.Unicorn Infosolutions director Baljinder Paul Singh said the company is planning to open stores in the north and west India, and if iPhone maker Apple recommends then [...]
Kochi, Mar 11 (PTI) The industry in Kerala on Friday welcomed the first complete budget of the second term of the Pinarayi Vijayan-headed government for the fiscal 2022-23 and said the financial allocation focussed on key engines of growth for an integrated development of the state. The Cochin Chamber of Commerce and Industry said it [...]
New Delhi, Mar 11 (PTI) India and Canada on Friday agreed to formally re-launch the negotiations for a proposed free trade agreement, which aims at boosting economic ties between the two countries.This issue was discussed during the fifth Ministerial Dialogue on Trade and Investment (MDTI). Commerce and Industry Minister Piyush Goyal and Canadian Minister of [...]
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 [...]
