New Delhi (IANS) In a major development for the country’s steel sector, the Union Cabinet on Thursday approved a production-linked incentive (PLI) scheme for manufacturing of specialty steel, with an outlay of Rs 6,322 crore. An official statement said that … read more
New Delhi (IANS) Fast Moving Electrical Goods (FMEG) company Havells India on Wednesday reported a rise of 271 per cent in its year-on-year standalone net profit for Q1FY22. The company’s net profit grew to Rs 234 crore in Q1FY22 as against … read more
New Delhi (IANS) The Central Board of Direct Taxes (CBDT) has granted further relaxation in the electronic filing of forms 15CA and 15CB, a Finance Ministry statement said on Tuesday. It has now been decided to extend the aforesaid date to … read more
New Delhi (IANS) Pent-up demand, along with low base and easing of Covid restrictions, pushed India’s domestic air passenger traffic higher in June 2021. According to the Directorate General of Civil Aviation (DGCA), the country’s scheduled domestic flight operations ferried 31.13 … read more
New Delhi (IANS) Higher competition in the road sector could impact the building quality, said India Ratings and Research (Ind-Ra). Ind-Ra said that increased competition in the road sector in FY21, resulting from the National Highways Authority of India’s (NHAI) initiative … read more
New Delhi (IANS) A delegation of the Indian Association of Tour Operators (IATO) called on Union Finance Minister Nirmala Sitharaman at her office on Friday, and urged her to increase SEIS duty credit scrips percentage to 10 per cent. SEIS or … read more
New Delhi (IANS) Lower food prices aided in sequentially lowering India’s annual rate of inflation, based on wholesale prices, in June. However, the inflation rate alarmingly remained above the 12 per cent mark. The WPI rose by 12.07 per cent in … read more
Mumbai (IANS) State-run iron ore company National Mineral Development Corporation (NMDC) on Tuesday said that its board of directors has approved the demerger between NMDC Ltd and NMDC Steel Ltd. The demerger is subject to several necessary statutory and regulatory approvals. … read more
New Delhi (IANS) Reliance Jio topped the subscription chart for April as it added over 47.56 lakh users during the month. With this addition, Jio’s subscriber base has increased to over 42.76 crore users, showed data released by the Telecom Regulatory … read more
New Delhi (IANS) Days after taking over as India’s new Civil Aviation Minister, Jyotiraditya Scindia on Sunday said that budget airline SpiceJet will start eight new flights from Madhya Pradesh starting July 16. In a tweet, the minister said that the … read more