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
Mumbai (IANS) With the pandemic pushing up the need to spend more towards Covid relief measures, states have lined up massive borrowing plan for the second quarter of current financial year. In all, states and union territories expect to borrow Rs … read more
New Delhi (IANS) Finance Minister Nirmala Sitharaman has said that in India, fiscal policy measures are being taken to get better environmental outcomes. In her address at the G20 High-Level Tax Symposium on Tax Policy and Climate Change, ahead of the … read more
New Delhi (IANS) The $100 billion information technology (IT) services sector is expected to stage a strong recovery this fiscal, with revenue growth of 10-11 per cent, a report said. The improvement will ride on increasing outsourcing and accelerating digital transformation … read more
New Delhi (IANS) Inflation risks for 2021 remain skewed to the upside, especially core readings, on higher commodities’ prices, said DBS Group in a research report. Accordingly, the report cited higher commodities’ prices, rigidity in fuel taxes and idiosyncratic factors apart … read more
New Delhi (IANS) India’s domestic road logistics sector is likely to grow by 6-9 per cent in FY22, ratings agency ICRA said. It said that the logistics sector reported a strong recovery over H2 FY2021, a sharp contrast to the steep … read more
New Delhi (IANS) In a major move towards ease of doing business, new guidelines direct that businesses buying shares or commodities traded through recognised exchanges will not be required to deduct TDS on the transaction. The Central Board of Direct Taxes … read more