New Delhi (IANS) In an attempt to address the issue of coal shortage being faced by certain thermal power stations, the government is looking at easing coal stock rules to allow diversion of fuel to stations having critical level of stocks. … read more
New Delhi (IANS) Receding impact of Covid 2.0 as well as accelerated vaccination drive lifted the growth rate of India’s services output in August, IHS Markit India Services PMI showed on Friday. Companies, in the data report, indicated the reopening of … read more
Mumbai (IANS) Automobile manufacturer Mahindra and Mahindra will observe seven ‘No Production Days’ in September due to the supply shortage of semiconductors. The company said that its automotive division continues to face shortage of semiconductor supply, “which has got further accentuated … read more
New Delhi (IANS) Rising input costs, along with the pandemic, slowed the growth rate of India’s manufacturing output in August. The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) slipped to 52.3 (index reading) in August as against … read more
New Delhi (IANS) India’s April-July budgetary fiscal deficit reached 21.3 per cent of the FY22 target, official data showed on Tuesday. The fiscal deficit — the difference between revenue and expenditure — for the April-June 2021-22 period stood at Rs 321,143 … read more
New Delhi (IANS) Automobile major Maruti Suzuki India blamed rising commodity cost for another price hike from September. Earlier in calendar year 2021, the automobile major had increased prices in January, April, and in July for only for the hatchback Swift … read more
New Delhi (IANS) Improved economic activity is expected to raise FY22 power demand by 12 per cent on a year-on-year basis, HDFC Securities said in a report. According to the report, revival in economic activity and low YoY base triggered an … read more
New Delhi/Mumbai (IANS) Pent-up demand along with low base is expected to accelerate India’s economic growth rate in Q1FY22 on a year-on-year basis. Accordingly, the period from April-June 2021 had less stringenet lockdown norms than the same period of 2020. These … read more
New Delhi (IANS) India on Thursday granted safety permission for restart of Boeing 737Max operations in the country. Aviation regulator DGCA granted the safety permission to operators of Boeing 737Max to restart operations. “This rescission enables operation of Boeing Company Model … read more
New Delhi (IANS) The board of telecom major Bharti Airtel will consider several options for capital raising, including through equity and debt instruments on Sunday. In a regulatory filing on Wednesday, the company said: “A meeting of the Board of Directors … read more