TVS Srichakra launches 11 tyres for replacement mkt
The new product line-up includes eight high-performance tyres for motorcycles, two for scooters and one new tyre for e-rickshaw.
ArcelorMittal plans new steel unit in Odisha, to invest Rs 50,000 crore
In February, AM/NS India bagged an iron ore mine with estimated reserves of 180 million tonne in Odisha through competitive bidding. The company also has plans to expand the finished steelmaking capacity at Hazira to 12-15 mt
FDI equity inflows rise 40% to $51.5 billion during April-December 2020
Inflows were boosted by those into the digital sector. Analysts have pointed out that a sizable chunk of these was drawn by Reliance Jio alone.
Chinese firm setting up metro coach plant in Andhra Pradesh, to invest Rs 350 crore
The plant, for which the ground breaking ceremony was held recently, will be built on a plot of 45.3 acre and will be commissioned by the year-end.
RPower-JERA JV achieves financial closure for Bangladesh project
“All requisite conditiins for availing the drawdown under the loan agreements have been satisfied,” RPower said in a statement.
Wholesale onion prices crash by nearly 50% on higher supplies
Farmers and traders apprehend that prices are likely to drop further with the arrivals of the summer crop by the second week of March.
RailTel launches paid plans for Wi-Fi at 4,000 stations
RailTel has started prepaid plans for using its Railwire Wi-Fi facility, which offers 30 minutes of free Wi-Fi per day at 1 mbps speed and a nominal fee for availing a higher speed of up to 34 mbps.
Govt launches drive to ensure FPO scheme’s success
The Cabinet in February 2020 had approved the Rs 6,865-crore scheme to be spent for setting up of 10,000 new FPOs and ensuring their growth by FY28.
GST Amnesty: SC refuses to direct finance ministry to extend scheme
A Bench led by justice DY Chadrachud rejected one Bilaspur-based trader Satyakam Arya’s plea to direct the central government and the GST Council to extend the amnesty scheme and give more time to small businesses and MSMEs
DBT being considered for disbursal of food, fertiliser subsidies: Rajiv Kumar
“It’s a far more complex thing to handle both of them. When and how DBT will be implemented is something I can't talk about at the moment. One cannot adopt a cavalier approach to this because it concerns both food securit
Reliance Power defaults on repayment to lenders
As per regulatory disclosures, the company has defaulted on repaying Rs 78 lakh to Axis Bank, Rs 1.09 crore to Yes Bank, and Rs 1.25 crore to Lakshmi Vilas Bank.
EPF subscribers to get 8.5% return for FY21 too
The monthly average net addition to the EPF subscriber base was 6.54 lakh in 2019-20. But, owing to Covid-19 pandemic, EPF base shrank by 2.36 lakh in April 2020.
IHCL to open all-women managed luxury residences in Chennai
The announcement which coincides with the upcoming International Women’s Day, is in line with the company’s ongoing efforts in creating an equitable workplace and ecosystem, while empowering women in the hospitality indus
Hindustan Motors seeks shareholders’ nod to sell plots of MP, Bengal plants
According to a stock exchange filing on Wednesday, Hindustan Motors has sought shareholders’ approval, through postal ballot, to sell, lease or otherwise dispose of both Uttarpara and Pithampur plant plots in any manner as
Renault makes over 1100 Kiger deliveries on first day of sales
Kiger is currently available for bookings across Renault’s extensive dealership network of more than 500 outlets in the country and on its website. The car is being offered in two engine options — 1.0L Energy and 1.0L Tur
Cryptocurrency ban to be made explicit; Govt to introduce Bill soon
Cryptocurrencies typically operate independently of a central bank. These are essentially digital currencies in which encryption techniques are used to regulate the generation of their units and verify the transfer of funds.
Sugar mills contract export deals for 34 lakh tonne
The National Federation of Cooperative Sugar Factories (NFCSF) has said export deals for 34 lakh tonne at this juncture is a very good development and India could do better in the export market. Prakash Naiknavare, MD, NFCSF,
Sugar output up 20% till February: ISMA
The increase has mainly been driven by Maharashtra’s stunning 67% increase in production over last year.
Pandemic has amplified usage of digital payments services, says Vijay Shekhar Sharma
Speaking at the Indian Express Idea Exchange, Sharma said his company is now processing nearly 1.25 billion transactions in a month. This rapid growth in business, he says, would not have been possible “organically.”
ED probe into Kerala govt body causes a flutter: state FM Thomas Isaac
Kerala is a state with a high revenue deficit, gets revenue deficit grants from the Centre. KIIFB has had a pivotal role in mobilising funds for infrastructure development from avenues outside the state's revenue and central
HDFC cuts RPLR by 5 bps, home loans now at 6.75%
Even as housing loan growth shrank to 7.7% year-on-year (y-o-y) as on January 29 from 17.5% a year ago, it remains one of the faster-growing credit segments and exceeds the rate of overall non-food credit growth in the bankin
YES Bank gets shareholders’ nod to raise Rs 10,000 crore
YES Bank MD and CEO Prashant Kumar had earlier said the board’s approval to raise Rs 10,000 crore was an enabling provision for raising funds as and when required.
Telecom spectrum auction: 63% unsold; sale fetches Centre Rs 77,815 crore
The government will receive an upfront amount of around Rs 27,000 crore from the operators — Rs 20,000 crore in FY21 and the remaining Rs 7,000 crore in FY22 when some spectrum would be made available.
Slight fall: Export recovery hits a bump in February
Exports dropped by 0.3% year on year in February to $27.67 billion against a 6.2% rise in the previous month, showed the preliminary data released on Tuesday.
Piyush Goyal asks warehousing corp to fast-track capacity addition, modernisation
He has also asked the CWC, whose main business is storage of food grains, to modernise its facilities and increase the storage capacity by manifold at the earliest from current 130 lakh tonne to meet challenges of a growing f
Electricity demand rises for the sixth straight month in February
On an absolute basis, the 104.7 BU of electricity consumption in February was 0.1% lower than last year, mainly because 2020 was a leap year with an additional day in the month.
Tur (Arhar) prices firm up above MSP on crop shortage worries
Nafed has not been able to procure tur (arhar) from Maharashtra due to the rally in prices.
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