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," [...]
New Delhi, Mar 11 (PTI) Steel Minister Ram Chandra Prasad on Friday inaugurated the Steel Week at India Pavilion in Expo 2020 Dubai.The minister is leading a delegation to showcase and discuss with investors the business opportunities available in the Indian steel sector."Inaugurated Steel Week at India Pavilion @expo2020dubai. Steel week from March 11-17 is [...]
Mumbai, Mar 11 (PTI) In a relief for consumers of domestic piped CNG as well as vehicle owners, Maharashtra Finance Minister Ajit Pawar on Friday proposed a drastic cut in the Value Added Tax (VAT) on natural gas from 13.5 per cent to 3 per cent.Pawar, who presented the state Budget in the Assembly, said [...]
Udaipur, Rajasthan, India – Business Wire India • Under the ground & over the surface, EVs are leading the way at Hindustan Zinc as the company fast tracks its decarbonization journey with implementation of frontline, utility, service and passenger electric vehicles • The company had also signed MoUs with Epiroc and Normet for introducing India’s [...]
Mumbai, Mar 11 (PTI) Maharashtra Chief Minister Uddhav Thackeray on Friday said the third budget of the Maha Vikas Aghadi (MVA) was aimed at an all-around development of the state, which was in a revival mode after the impact of the COVID-19 pandemic, and a step towards becoming a USD 1 trillion economy.Earlier, Deputy Chief [...]
New Delhi, Mar 11 (PTI) Homeownership by working women has gone up over the last 2-3 years and their number as primary loan applicants are rising, even as the overall percentage is still very low, a top Kotak Mahindra Bank official has said.This trend will strengthen their financial independence and decision making, the official added.Women [...]
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 [...]
New Delhi, Mar 11 (PTI) Fair trade regulator CCI on Friday decided not to proceed in a matter pertaining to Amazon Seller Services Pvt Ltd. The regulator had taken suo moto cognisance of the matter after a report stated that "Amazon copied products and rigged search results to promote its own brands, documents show". It [...]
Chennai, Mar 11 (PTI): Annalect India, part of Annalect Global and Omnicom Group, a global marketing communications company, on Friday said it has set up Centre of Excellence in the city, the fourth such facility in the country. The company has established three Centres of Excellence each in Gurugram, Bengaluru and Hyderabad and has over [...]
AKSA is India’s first e-commerce platform for specialized gold vermeil and silver jewelry. Indian shoppers have a new way to buy gold vermeil and 925 hallmarked silver jewelry with the launch of AKSA.Gold vermeil is a technique of gold plating that was originally developed in France in the 19th century. It was used to make [...]
Mumbai, Mar 11 (PTI) Rising for the fourth straight day, benchmark indices Sensex and Nifty eked out modest gains after a choppy session on Friday amid a mixed trend in global equities and uncertainties on the geopolitical front. A strengthening rupee lent further support, though persistent foreign fund outflows capped the gains. Overcoming bouts of [...]
