New Delhi (IANS) India’s total merchandise exports are expected to grow by 33 per cent during the second quarter of FY22, the Export-Import Bank of India said on Friday. Accordingly, India Exim Bank forecast total merchandise exports in Q2FY22 to grow … read more
New Delhi (IANS) Luxury car maker Mercedes-Benz India has expanded the retail footprint of its EV EQC on the back of healthy demand. The EV will now be retailed in all the Mercedes-Benz dealerships across the country under the ‘Phase II’ … read more
New Delhi (IANS) The Union Finance Ministry on Wednesday said that the technical issues in the Income Tax e-filing portal are being “progressively” addressed and a positive trend has been witnessed in terms of e-filing on the portal. The ministry came … read more
New Delhi (IANS) In what may come as a major relief for the telecom sector, more so for the severely-stressed Vodafone Idea, the Union Cabinet is likely to consider and discuss a relief package for the sector on Wednesday, sources said. … read more
Mumbai (IANS) The record run in the Indian stock market continued on Monday with the key indices ending at record closing highs. The BSE Sensex touched a new all-time high of 58,515.85 points, and the Nifty50 on the National Stock Exchange … read more
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