Page 245 of industry news

NCLT orders insolvency proceedings against Future Retail; rejects Amazon’s intervention application

The tribunal, presided by Justice PN Deshmukh and Shyam Babu Gautam, said it was admitting Bank of India’s plea under…

Updated: July 20, 2022 18:06 IST

Indian handset makers get Rs 20,000 cr tax bill: Industry players call it retrospective tax

Industry players said the tax has been levied from 2017 onwards and termed it a retrospective tax.

July 19, 2022 05:00 IST

RAAV Techlabs: Quality control made cheap and efficient

Startup uses cutting-edge technology to assess the quality of farm produce for FMCG players.

July 19, 2022 03:15 IST

Digital transformation: Adoption and engagement two key pillars of infrastructure

The pandemic has turned employee well-being and engagement, and IT infrastructure into focus areas for businesses.

July 19, 2022 03:00 IST

Meghmani Finechem commissions country’s largest CPVC plant at Dahej

The new CPVC manufacturing unit developed at an estimated cost of Rs 190 crore will have 30,000 tonnes per annum…

July 19, 2022 02:00 IST

Reliance Jio submits earnest money deposit of Rs 14,000 crore ahead of 5G auction

With its EMD at Rs 14,000 crore, the eligibility points assigned to Jio for the auction stand at 1,59,830, the…

July 18, 2022 18:39 IST

Retail businesses witness 13 pc sales growth in Jun: Report

As per RAI’s latest business survey, retail businesses in the eastern region posted the highest growth last month, with a…

July 18, 2022 16:04 IST

Industrial, warehousing leasing up 7pc in Jan-June across 5 cities: Report

“About 55 per cent of the gross absorption was led by third-party logistics players, followed by the engineering and automobile…

July 18, 2022 15:50 IST

Air conditioners sales touch record 6 million units in first half of 2022 amid scorching heat

Makers such as Panasonic India also witnessed 35 per cent growth in the number of units sold in the first…

July 17, 2022 14:53 IST

L&T Infotech profit rises 27.6 per cent to Rs 633 crore in April-June

It had registered a profit of Rs 496.3 crore in the same period a year ago, the company said in…

July 14, 2022 16:48 IST

Wipro Consumer Care forays into packaged food business

Besides India, it has a brand presence within Southeast Asia and the Middle East markets.

Updated: July 14, 2022 16:23 IST

NFRA to identify risk parameters using data analytics, artificial intelligence for audit review

Citing an example, Pandey said that Non-Performing Assets (NPAs) do not come into existence overnight and such things happen over…

July 14, 2022 15:17 IST

Cigarette sales set to rise 5-6 pc to surpass pre-Covid level this fiscal: Report

Between FY13 and FY17, excise duty on cigarettes rose annually at 15.7 per cent.

July 13, 2022 17:09 IST

MFIs’ gross loan portfolio rises to Rs 2.9 lakh crore at March-end: Report

On a sequential basis, the GLP rose by 8.6 per cent during the period ended March 2022.

July 13, 2022 16:58 IST

9th incident in 24 days: SpiceJet’s Dubai-Madurai flight delayed as nose wheel malfunctions

On July 6, the DGCA issued a show-cause notice to SpiceJet following eight incidents of technical malfunction in its aircraft…

July 12, 2022 15:33 IST

CEOs expect better job creation prospects, monetary tightening in H1 FY23: CII poll

The results reveal that while expectations of monetary tightening are pervasive, given the sharp increase in inflation and heightened inflation…

July 10, 2022 14:12 IST

Blue Star eyes Rs 10,000 cr revenue in medium term, to enter North America and Europe

Now, several European and American players in the segment are looking at reliable and capable manufacturers outside China, in their…

July 8, 2022 16:35 IST

NTPC mines 61 pc more coal at 42.20 lakh metric tonnes in April-June

The coal from this mine will be supplied to Barh Power Station of NTPC.

July 5, 2022 17:07 IST

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Anil Ambani Group in spotlight: A look at the bankruptcy, fraud allegations, and ED raids

Business37 min ago

The Enforcement Directorate has arrested Ashok Kumar Pal, Executive Director and CFO of Reliance Power, in connection with alleged loan fraud. This comes after a series of events involving bankruptcy, fraud allegations, and investigations by ED and CBI against Anil Ambani and his companies.

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