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    3. fe bureau

    FE Bureau

    He said soybean processors were facing increased input costs and government pressure to maintain price. SOPA has suggested that imports of soybean oil or soybean meal should be restricted only to actual users to keep a check on undue speculative activities.
    Edible oil import bill up 75% in first nine months of FY22, say processors

    He said edible oils should be imported at a high tariff to balance demand and supply. Also, the duty collected…

    By FE Bureau
    January 22, 2022 00:45 IST
    OneWeb’s most recent satellite launch on December 27, 2021 brought its total in-orbit satellites to 394, over 60% of the planned 648 LEO satellite fleet.
    Oneweb, Hughes Network sign six-year pact

    The services will be provided by Hughes Communications India Private Ltd (HCIPL), which is a joint venture between Hughes and…

    By FE Bureau
    January 21, 2022 06:15 IST
    The FMCG major made market share gains in rural and urban markets across categories and price segments.
    HUL profit rises 17% in Q3, revenues grow 10.4%

    He sounded caution on the near term inflationary pressures and expects to see more inflation in March on a sequential…

    By FE Bureau
    January 21, 2022 05:30 IST
    The results of these subsidiaries are reflected in the consolidated results of Bajaj Finserv.
    Bajaj Finserv posts 2.6% decline in profit in Q3

    Gross written premium increased by 30% to Rs 4,079 crore. BALIC’s solvency ratio stood at 604% as on 31 December…

    By FE Bureau
    January 21, 2022 05:15 IST
    So, front-ending of devolution in this financial year is a sort of reciprocation by the Centre when tax collections are doing pretty well.
    Centre front-loads tax transfers to states, 82% of FY22 BE released

    As per extant norms, tax devolution is made in 14 installments to states in a year, one in each month…

    By FE Bureau
    January 21, 2022 04:00 IST
    Persistent weakness in private consumption and investment demand is estimated to contribute 43.4% and 21%, respectively, to this shortfall, it reckoned.
    GDP likely to grow 7.6% in FY23: India Ratings

    However, the Reserve Bank of India’s (RBI’s) Consumer Confidence Survey shows that sentiments have yet not recovered to the pre-Covid…

    By FE Bureau
    January 21, 2022 03:30 IST
    According to the Centre for Monitoring Indian Economy (CMIE), the unemployment rate in November was at a four-month low of 6.97% compared with 7.74% in September, 2021.
    EPFO new additions rise in November

    The latest payroll data showed that 22-25 years age bracket has registered highest number of net enrolments with 3.64 lakh…

    By FE Bureau
    January 21, 2022 03:00 IST
    V K Paul, member, health, Niti Aayog, said the government had plans to vaccinate children up to 12 years and they were working on this. A decision would be taken based on scientific evidence, Paul said.
    Case positivity rises to 16% as new cases continue to rise

    Those who are 60 years and above with comorbidities saw 39% coverage with booster dose. Around 18,68,00 out of the…

    By FE Bureau
    January 21, 2022 02:30 IST
    M2P Fintech, Insight Partners, corporate news
    M2P Fintech raises $56 million led by Insight Partners

    According to TechCrunch, the start-up has been valued at over $ 600 million for this round of fund-raise. M2P Fintech…

    By FE Bureau
    January 21, 2022 02:15 IST
    Serum Institute of India had applied for regular marketing authorisation for Covishield at the end of 2021 and Bharat Biotech had sought regular market approval earlier this month.
    DCGI to take a final call on granting market approval to Covishield, Covaxin

    The Subject Expert Committee on Wednesday had recommended an upgrade the status of Covishield and Covaxin from restricted use in…

    By FE Bureau
    January 21, 2022 02:00 IST
    The report of the RBI working group on digital lending, released on November 18, recommended, among other things, the constitution of an SRO covering the participants in the digital lending ecosystem.
    FACE applies to RBI to become self-regulatory organisation for digital lending

    Another industry body, Digital Lenders’ Association of India, which has over 80 members with $5-6 billion in annual disbursements, is…

    By FE Bureau
    January 21, 2022 01:45 IST
    If a mill fails to clear its dues, the sugar commissioner refuses to issue a license for the next season. Mills that start operations without a license are liable to be fined Rs 500 per tonne of cane crushed.
    Maha sugar commissioner fines 18 mills for starting crushing without licence

    Although there is no data yet which reveals how many farmers have switched to other mills because of the colour…

    By FE Bureau
    January 21, 2022 01:30 IST
    PTC India, PTC resignation, RBI, NBFC, Industry news,
    All 3 independent directors on PTC India Financial board quit citing governance concerns

    The directors said that the company management has made no attempt to resolve corporate governance issues at the institution, despite…

    By FE Bureau
    January 21, 2022 01:00 IST
    Thus, large private players, equipped with their superior brands and distribution network and employing their agile and innovative approaches, are well-poised to grow strongly and increase their market share.
    Your Money: Ulips make a strong comeback in 9MFY22

    Large private players set to grow strongly and increase market share

    By FE Bureau
    January 21, 2022 00:45 IST
    PNB Housing Finance, PNB Housing Finance Q3 results, PNB Housing Finance results
    PNB Housing Finance’s Q3 PAT down 19% as NPAs rise

    During the quarter ended December, PNB Housing’s assets under management (AUM) de-grew 5% on a sequential basis and 14% on…

    By FE Bureau
    January 21, 2022 00:30 IST
    Bank of Maharashtra, Bank of Maharashtra results, Bank of Maharashtra Q3 results
    Bank of Maharashtra’s net profit jumps 110.70% to Rs 325 crore

    A S Rajeev, managing director and CEO, BoM attributed this growth in profit to higher net interest income, growth in…

    By FE Bureau
    January 21, 2022 00:05 IST
    domestic natural gas
    Domestic natural gas output up 20% in December

    The output had fallen 8.1% Y-o-Y to 28,670.6 mscm in FY21 but has subsequently increased 21.5% Y-o-Y to 25,673.9 mscm…

    By FE Bureau
    January 20, 2022 08:25 IST
    Jindal Saw, Jindal Saw news
    Jindal SAW partners Hunting to build $25-m OCTG threading plant in Nashik

    The initial investment in the joint venture, a 51:49 partnership where Jindal SAW is a majority shareholder, will be around…

    By FE Bureau
    January 20, 2022 06:20 IST
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    Latest News

    boAt parent company, Imagine Marketing files updated DRHP, plans Rs 1,500 crore IPO

    Highest-ever fundraise via IPOs in Samvat 2081

    Nifty crosses the trend line

    EB-5 visa, EB-5 investor program, I-526E petition, USCIS EB-5 statistics, EB-5 investment 2025, EB-5 demand surge, U.S. immigrant investor visa, Regional Center Program, EB-5 filings FY2025, EB-5 visa approvals

    EB-5 visa demand surges in FY2025 with $4.1 billion in new investment and record filings

    US Shooting: At least three including student injured during attack at Oklahoma State University residence hall

    US Shooting: At least three including student injured during attack at Oklahoma State University residence hall

    India and overseas, CEO Deshnee Naidoo at Vedanta Resources.

    ‘We will a play crucial role in reducing  India’s import reliance for critical minerals’: Deshnee Naidoo

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