Goldman Sachs, which has funded the business and management education of 10,000 women in India, has claimed these beneficiaries have helped create around 12,000 new jobs as well as add Rs 2,800 crore in revenues to the country's economy in the past 18 months. The investment banking major first launched the graduation programme in the [...]
Landslide incidents in the vicinity of hydro projects are not related to the commissioned/under-construction hydropower projects, according to a study. Indian Institute of Remote Sensing (IIRS), Dehradun, has carried out a study on the incidents of landslides in the vicinity of hydro projects and has prepared a report on Landslide Studies in Commissioned / Under [...]
The Income Tax Department on Wednesday said employers will have to seek details from employees about their preference for tax regime in the current fiscal and deduct TDS accordingly. In case an employee does not intimate his/her employer about the preferred tax regime, then the employer would be required to deduct TDS from salary income [...]
Tata Steel on Wednesday said its consolidated steel production rose by around 3 per cent to 7.77 million tonne during the January-March quarter. The company's total steel output was at 7.55 MT in the year-ago period, Tata Steel said in a regulatory filing. Tata Steel's total sales were 7.59 MT, down 3.43 per cent over [...]
Financial services firm Religare Enterprises on Wednesday said it will acquire Indian Express Group's insurance web aggregator MyInsuranceClub in an all-cash deal. The company said in a statement that it has signed a share purchase agreement for the proposed acquisition of MyInsuranceClub (MIC) from iGear Holdings Private Limited, part of The Indian Express Group. Religare [...]
SunSource Energy on Wednesday announced commissioning of a 9 MW solar project for Varun Beverages, PepsiCo's largest franchise bottler, in Uttar Pradesh. The project commissioned is part of its 45 MW open access solar project in the state, SunSource Energy said in a statement. "SunSource Energy commissions 9 MW DC solar open access project for [...]
Jakson Green has secured an order to set up a methanol synthesis facility at the NTPC's Vindhyachal Thermal Power Plant (VTPP) in Madhya Pradesh. In a statement, Jakson Group said, it will be "world's first methanol production plant in partnership with NTPC Ltd." Group company Jakson Green has won a project from NTPC to establish [...]
The second Employment Working Group (EWG) under G20 Presidency developed consensus on the priority areas of addressing global skill gaps, gig and platform economy, social protection and sustainable financing of social security during its three-day meeting which concluded here on Wednesday. The meeting concluded on a positive note with G20 members moving towards consensus on [...]
Reliance Retail on Wednesday entered into the beauty space with the launch of Tira, an omnichannel beauty retail platform. The country's leading retailer will now compete with the brands like HUL's Lakme, Nykka, Tata and LVMH's Sephora in India's growing beauty and personal care marketplace. Reliance Retail announced the launch of Tira, an omnichannel beauty [...]
The government has no plan to use Aadhaar data for census, Minister of State for Electronics and IT Rajeev Chandrasekhar told Lok Sabha on Wednesday. "The Office of the Registrar General and Census Commissioner of India has informed that there is no plan to use Aadhaar data for census," he said in a written reply. [...]
Pharma exporters body are conducting regular interactions with the authorities of African and Commonwealth of Independent States (CIS) countries to build confidence and ensure continuity of trade, Parliament was informed on Wednesday. These interactions assume significance on the backdrop of two recent incidents of alleged cough syrup adulteration/sub-standard items found in products exported to Gambia [...]
State-owned Bank of Maharashtra (BoM) on Wednesday said it has posted a credit growth of 29.59 per cent at Rs 1.75 lakh crore for the March quarter. The outstanding credit was Rs 1.35 lakh crore at the end of March 31, 2022, BoM said in a regulatory filing. The Pune-headquartered lender registered a 21.28 growth [...]
Motilal Oswal Alternatives (MOA) on Wednesday said its investee company IKF Finance has raised Rs 250 crore in a funding round led by Accion's Digital Transformation Fund. The south-based non-bank lender has been operational since the 1990s and focuses on the commercial vehicle, small business and affordable housing segments. MOA had invested in the company [...]
Small and medium IT companies are yet to recover from the impact of the Covid-19 induced lockdown because of the high attrition rate of their employees after upskilling, according to a survey. According to the survey by Micro Small and Medium Enterprises -Export Promotion Council (MSME-EPC), the highest attrition rate of 35 per cent is [...]
Consumer demand remained "steady" through the March quarter and the FMCG sector is expected to witness a gradual recovery in growth rates, said Godrej Consumer Products Ltd (GCPL) on Wednesday. The performance of the Godrej group FMCG arm in the Indian market has "exceeded expectations, especially on the volume front". "We expect to deliver double-digit [...]
The country may look at importing dairy products if needed as there is a supply constraint for such items due to milk production remaining stagnant in the last fiscal, a top government official said on Wednesday. The government will intervene to import dairy products like butter and ghee, if required, after assessing the stock position [...]
Adar Poonawalla-controlled non-banking finance company Poonawalla Fincorp on Wednesday said its total disbursement grew 151 per cent year-on-year to record Rs 6,370 crore in the March 2023 quarter. Its assets under management (AUM) increased by 37 per cent year-on-year and 16 per cent quarter-on-quarter to about Rs 16,120 crore at March-end 2023, despite a sharp [...]
Britannia Industries Ltd shares are trading flat today at Rs 4,322.50 in comparison to the previous closing price of Rs 4,324.05. In the past week, the scrip gained around 3 percent. In a recent filing with the exchange, the company informed that the Board of Directors have declared an Interim Dividend at 7200%, i.e., Rs [...]
Fantasy sports segment revenue is expected to grow in the range of 30-35 per cent to Rs 2,900-3,100 crore during the ongoing IPL 2023 cricket tournament season over the last year, market research firm Redseer Strategy Consultants said on Wednesday. The data estimates show 6.5-7 crore users are expected to transact on gaming platforms. Redseer [...]
Sensex and Nifty rallied nearly 1 per cent on Wednesday as the benchmark indices closed in the positive territory for the fourth straight trading session on the back of gains in IT and financial shares. A day ahead of the Reserve Bank of India's monetary policy review, the 30-share BSE Sensex surged 582.87 points or [...]
