United Nations (IANS) The Delta variant-spurred Covid-19 second wave has shaved off 3 per cent from the International Monetary Fund’s (IMF) previous projection for India’s economic growth for fiscal year 2021-22, pegging it now at 9.5 per cent, but the country … read more
New Delhi (IANS) India registered a manifold raise in import of gold during the first three months of FY22 on a year-on-year basis, to nearly $7.9 billion. This rise in gold imports can be attributed to low imports during the same … read more
New Delhi (IANS) Jio’s gross subscriber additions, though down 14 per cent QoQ, were still healthy at 26.7 million due to continued traction on new JioPhone offer, foreign brokerage, Jefferies said in a report. This along with lower churn, resulted in … read more
Mumbai (IANS) Stocks of online food delivery platform Zomato made a stellar debut on the stock markets with market valuation crossing the Rs 1 lakh crore mark during the initial hours of trade on the first day. At the end of … read more
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