Colombo, May 6 (PTI) Sri Lankan President Gotabaya Rajapaksa declared a state of emergency with effect from Friday midnight, according to the presidential media division. The state of emergency gives the police and the security forces power to arbitrarily arrest and detain people. Rajapaksa’s decision was to ensure public security and maintain essential services so [...]
New Delhi, May 6 (PTI) Reliance Retail Ltd on Friday posted a 2.43 per cent rise in pre-tax profit at Rs 3,705 crore for the fourth quarter ended March 2022 and its gross revenue for the full fiscal jumped to nearly Rs 2 lakh crore. The retail arm of Reliance Industries Ltd (RIL) saw its [...]
New Delhi, May 6 (PTI) There are huge opportunities for increasing cooperation in areas like tourism, design, digital world, services, goods and education between India and Italy to boost economic ties, commerce and industry minister Piyush Goyal said on Friday. He said that the large size of the domestic market, availability of talent pool and [...]
Mumbai, May 6 (PTI) The unexpected interest rate hike by the RBI on Wednesday will have the banking system on average making a 10-15 bps gains on the yields, with private banks making larger gains as 57 per cent of their loans are linked to external benchmark rate and 40 per cent to the marginal [...]
New Delhi, May 6 (PTI) India's largest telecom operator Reliance Jio on Friday posted an about 24 per cent jump in standalone net profit at Rs 4,173 crore for the fourth quarter ended March 2022, amid better realisation per user aided by tariff hike, better subscriber mix and FTTH services ramp-up. The standalone revenue from [...]
New Delhi, May 6 (PTI) Tata group hospitality firm Indian Hotels Company (IHCL) on Friday said it aims to raise women's participation in its workforce to 25 per cent by 2025, and support women-led businesses and partners. The company, which launched 'She Remains the Taj' -- a framework for women-centric initiatives for all stakeholders, including guests, [...]
Ahmedabad, May 6 (PTI) Six workers sustained injuries in a fire that broke out at agro-chemical major UPL Ltd's manufacturing facility at Ankleshwar in Gujarat on Friday morning, a senior police official said.Two labourers who received severe burns were airlifted to a hospital in Mumbai for further treatment, said Bharuch district Superintendent of Police Leena [...]
New Delhi, May 6 (PTI) India's largest telecom operator Reliance Jio on Friday posted about a 24 per cent jump in standalone net profit to Rs 4,173 crore for the fourth quarter ended March 2022, amid better realisation per user aided by tariff hike, better subscriber mix and FTTH services ramp-up.The standalone revenue from operations [...]
New Delhi, May 6 (PTI) Reliance Retail Ltd on Friday reported a 2.43 per cent increase in pre-tax profit to Rs 3,705 crore for the fourth quarter ended March 2022. The company's gross revenue stood at around Rs 1,99,704 crore in the last fiscal. The retail arm of Reliance Industries Ltd (RIL) had posted a [...]
Colombo, May 6 (PTI) Sri Lankan student activists on Friday warned to lay a siege to Parliament as trade unions launched a crippling island-wide strike to demand the resignation of President Gotabaya Rajapaksa and his government over their inability to tackle the economic meltdown which has caused unprecedented hardships to the public. Thousands of student [...]
Mumbai, May 6 (PTI) The government has allowed a 50 per cent concession in revenue share for coal gasification, Union Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi said on Friday."In order to support coal gasification and availability of coal for the sector on concessional rate, Ministry of Coal has introduced a policy for [...]
New Delhi, May 6 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 22.5 per cent rise in net profit for the quarter ended March on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in the retail business. The oil-to-retail-to-telecom conglomerate's consolidated net profit [...]
Chandigarh, May 6 (PTI) The import pass fee on wine has been slashed from Rs 7 to Rs 2 per bulk litre and the letter of intent fee for establishing wine manufactory reduced from Rs 15 lakh to Rs one lakh, as per the new excise policy of Haryana approved by the state cabinet here [...]
New Delhi, May 6 (PTI) There are huge opportunities for increasing cooperation in areas like tourism, design, digital world, services, goods and education between India and Italy to boost economic ties, Commerce and Industry Minister Piyush Goyal said on Friday. He said that large size of domestic market, availability of talent pool, and the world [...]
New Delhi, May 6 (PTI) Bank officers union AIBOC has objected to the RBI's decision to open ASBA-designated branches on Sunday to facilitate subscription to the public offer of LIC, saying it will serve no purpose as most of the applications are filed digitally. Most of the branches are ASBA (Application Supported by Blocked Amount) [...]
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 22.5 per cent rise in earnings for the quarter ended March on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in retail business. The oil-to-retail-to-telecom conglomerate's consolidated net profit rose to Rs 16,203 crore in the [...]
New Delhi, May 6 (PTI) Union Minister of State for Agriculture Kailash Choudhary on Friday asked Cluster-Based Business Organisations (CBBOs) to reach out to the local elected representatives for mobilising small and marginal farmers to join the Farmer Producers Organisations. Addressing a conference in Jaipur, Choudhary asked "CBBOs and Implementing Agencies to further focus on [...]
New Delhi, May 6 (PTI) The Delhi High Court on Friday sought the stand of the Centre and the Reserve Bank of India on a plea alleging low circulation of visually impaired friendly coins in the economy. A bench of Acting Chief Justice Vipin Sanghi and Justice Navin Chawla issued notice on the application by [...]
New Delhi, May 6 (PTI) Expressing concern over high amount of carbon emissions from the domestic iron and steel sector, steel minister Ram Chandra Prasad Singh on Friday urged industry stakeholders to come together and develop an action plan to address the issue. The iron and steel sector is challenging with regard to reduction in [...]
