First post-Covid physical fair may catalyse $1-bn biz
The Trade Promotion Council of India (TPCI), which is backed by the commerce ministry, has said it will organise the fourth edition of "IndusFood", in which over 400 large Indian exporters of food and beverages products will
Testbook partners with IITs & other
Edtech platform Testbook.com ha signed an MoU with three IITs—IIT Madras IIT Ropar,and IIT Gandhinagar to impart professional skills training.
Oil prices nearing pre-pandemic levels
Oil prices have been on a rise due to restrained U.S. oil production and deployment of vaccination drives across economies, among other factors.
Covid-19 vaccination India update: TVS Motor to provide free jabs to staff, family
In the initial phase, the vaccine will be made available to employees and their families above 60 and 45 years of age or suffering from certain medical conditions.
Consumer Friendly: Fresh spectrum purchase to further delay tariff hike
Reliance Jio and Bharti Airtel to focus on market share gains first, increasing pain for Vodafone Idea
New retail rules: E-commerce shifting to interactive commerce
Commerce and payment platforms are already introducing content in their quest for higher engagement.
IFSC codes of e-Andhra, e-Corporation Bank branches changed
IT integration of both the banks has been completed without changing the account number of customers but IFSC codes have been changed.
Detel plans to raise Rs 150 crore by end-2021
The Ev startup company is also working on a 100% locally manufactured vehicle. It should be ready in the next six months.
Dual front airbags must in all new models of vehicles from April 1
All automakers in India will need to offer dual-front airbags as standard across their model range in the Indian market as the government is cracking down on trying to reduce the fatalities in road accidents in the country.
Offensive content: OTT regulation lacks teeth, make new law, SC tells Centre
The apex court's remarks and direction came while granting protection from arrest to Amazon Prime Video's India head Aparna Purohit in the ongoing probe against the web series 'Tandav'
FM-speak: GST Council will decide on oil-in-GST
The Centre is seen to earn an extra Rs 1.87 lakh crore in FY21 from the Rs 13-16/litre additional cess and surcharges imposed on auto fuels in March/May 2020.
PLI plan: India Inc tells PM it needs more action
PM Modi promises to do away with 6,000 compliances and to reduce logistics costs, among others
ICICI Bank drops home loan rate to 6.7%
As at most banks, home loan interest rates at ICICI Bank vary on the basis of various parameters such as bureau scores, profile of customers and customer segments, among others.
Govt to tread cautiously in allowing nano-zinc and nano-copper crop nutrients
The commercial use of nano-urea was allowed in November last year that may help improve crops yield by 18-35%.
Indian Bank to divest ASREC stake
Apart from Indian Bank, LIC of India, Bank of India, Union Bank of India and Deutsche Bank are the other shareholders in the company.
CSB Bank eyeing 20-22% growth in current fiscal
The Thrissur-based lender reported an 89 % y-o-y increase in its third quarter net profit to Rs 53.05 crore on higher interest and treasury income.
Concor forays into container manufacturing to lessen reliance on China imports
“Our annual requirement will be around 8,000 containers for the next five years. We are going to float an open tender, inviting domestic manufacturers for this," said V Kalyana Rama, CMD, Concor.
a-iTrust to buy industrial park leased by iPhone maker Pegatron
Construction of the project is expected to be completed by mid-2021. The project is fully pre-committed to Pegatron, with a 7-year lock-in period and annual escalations.
FinMin report: Economic activity in FY21 to beat estimate
The positive GDP growth (0.4%) in the third quarter of FY 21, for the first time since the onset of the Covid-19 pandemic, adds to the positive sentiment, it said.
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.
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