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SBI sees huge complementarity in India-UK free trade agreement regime

London, Mar 10 (PTI) The State Bank of India (SBI) in the UK sees huge complementarity in the new Free Trade Agreement (FTA) regime and wants to help achieve aspirations on both sides, SBI Chairman Dinesh Kumar Khara said in London on Thursday.Addressing a conclave organised with the Federation of Indian Chambers of Commerce and [...]

Telegram channel case: Sebi again conducts search and seizure operations in multiple locations

New Delhi, Mar 10 (PTI) Continuing its crackdown against entities allegedly involved in a front-running scam using messaging app Telegram, Sebi on Thursday carried out search and seizure operations at the premises of eight entities in multiple locations across the country. These entities are reportedly operating nine Telegram channels with more than five million subscribers [...]

RailTel ranks 124 in Fortune India Next 500 list

New Delhi, Mar 10 (PTI) RailTel jumped 67 positions to rank 124th in the recently announced 'Fortune India Next 500 list of Year 2022' list, the rail PSU said in a statement.It was ranked 197 in the 2021 list of top midsize companies operating in India.RailTel is one of the largest neutral telecom infrastructure services [...]

Putin warns of further spike in fertiliser prices if West creates ‘difficulties’ for Russia

Moscow, Mar 10 (PTI) Russian President Vladimir Putin on Thursday warned that the price of fertilisers across the globe may spike further if the West continued to create "difficulties" for his country, one of the world's largest suppliers of mineral fertilisers.Addressing members of the Russian government, Putin also called on the West not to blame Russia [...]

Amazon’s Indian exporter base rises to cross 1 lakh-mark

New Delhi, Mar 10 (PTI) E-commerce company Amazon India on Thursday announced that the Indian exporter base on its platform has now increased by about 66 per cent since January 2020 to over 1 lakh.The company has around 60,000 exporters on Amazon who are shipping products overseas."Over 1 lakh Indian exporters are now selling globally [...]

Exide collaborates with Chinese firm for lithium-ion cell manufacturing in India

Kolkata, Mar 10 (PTI) Storage battery major Exide Industries has forged a multi-year technical collaboration with a Chinese company for lithium Ion battery manufacturing in India.Exide in a statement on Thursday said partner SVOLT Energy Technology Co Ltd (SVOLT) as part of the agreement will grant Exide an irrevocable right and license to use, exploit [...]

BIS asks soy product makers to get quality certification, use ISI mark

New Delhi, Mar 10 (PTI) With the increased acceptance of soy products amid growing health consciousness among general people, the government agency Bureau of Indian Standards on Thursday asked manufacturers of soya products to use 'ISI mark' on their products by taking BIS quality certification.The ISI mark is a standards-compliance mark for industrial products in [...]

IBM to help modernise supply chain for Marks & Spencer India

New Delhi, Mar 10 (PTI) Tech titan IBM on Thursday announced it is helping Marks & Spencer Reliance India (M&S India) modernise its supply chain to drive seamless integration between online and in-store business for improved customer experience. M&S is scaling its omnichannel capabilities in India with IBM Sterling Supply Chain Solutions, a joint statement [...]

After procurement, Amul starts milk sale in AP

Amaravati, March 10 (PTI) The Gujarat Cooperative Milk Marketing Federation has forayed into the retail market in Andhra Pradesh, launching the sale of its Amul milk and curd in Vijayawada city.AP Dairy Development Cooperative Federation Managing Director Babu Ahamed launched the sale here on Thursday.The GCMMF is currently procuring cow and buffalo milk from farmers [...]

NHPC pays Rs 933.61 cr interim dividend to govt for FY22

New Delhi, Mar 10 (PTI) State-owned hydro power giant NHPC on Thursday said it has paid an interim dividend of Rs 933.61 crore to the government for the financial year 2021-22.On Thursday, NHPC Chairman and Managing Director AK Singh handed over dividend payout advice of Rs 933.61 to Minister of State for Power and New [...]

BIS inks pact with IIT Roorkee for establishment of ‘BIS Standardization Chair Professor’

New Delhi, Mar 10 (PTI) Government agency Bureau of Indian Standards (BIS) on Thursday signed an agreement with IIT Roorkee for establishment of 'BIS Standardization Chair Professor'. This would be the first standardization chair established by BIS in an institute for activities on standardization and conformity assessment, an official statement said. The Memorandum of Understanding [...]

Sidbi keen on coming out with venture debt scheme: CMD Ramann

Mumbai, Mar 10 (PTI) Small Industries Development Bank of India (Sidbi) is looking at launching a venture debt scheme, its Chairman and Managing Director S Ramann said on Thursday. "Sidbi is very keen on coming out with a venture debt scheme," Ramann said at an event organised by Indian Venture and Alternate Capital Association. He [...]

Future Consumer calls off joint venture with Fonterra

New Delhi, Mar 10 (PTI) Future Consumer, a part of Kishore Biyani-led Future Group, on Thursday said it has decided to terminate a joint venture pact with New Zealand's dairy firm Fonterra.The company's board at a meeting held today considered and approved the termination of joint venture arrangement with Fonterra (Europe) Cooperative, Future Consumer said [...]
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