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    3. fe bureau

    FE Bureau

    However, sowing of chana, which had close to 47% share in India’s pulses production of 25.72 MT in 2020-21, has been marginally higher at close to 112 lh this year compared to 2021.
    Rabi sowing marginally up year on year

    There was lower coverage under coarse-cum-nutri cereals as the total sown area has been lower at 48 lh so far…

    By FE Bureau
    January 15, 2022 02:45 IST
    “Several small businesses in India still struggle to run their operations seamlessly due to lack of access to formal credit. Since its inception, Indifi has strived to address this credit gap. Our collaboration with Google Pay is another step in this direction,” Harkauli said.
    Indifi Technologies to offer loans to merchants through Google Pay

    Indifi serves the MSMEs present on these ecosystem platforms through embedded lending offerings.

    By FE Bureau
    January 15, 2022 02:15 IST
    Delinquencies in the 1-90 days past due bucket continue to be in the range of 5-15%, with the transition to the subsequent buckets slowing down materially.
    Covid third wave to have low impact on NBFCs’ collection efficiency: Report

    “The probability of a severe nationwide lockdown, at the moment, seems low with restrictions being imposed at the regional level.…

    By FE Bureau
    January 15, 2022 01:45 IST
    Export duty on ore above 58% iron content has been on the continuous rise. From nil duty in FY09, it went up to 5% in FY10 and then to 20% in March 2011 and finally to 30% in December 2011.
    FIMI seeks withdrawal of export duty on iron ore

    All the mines of Goa, which have been exporting iron ore of less than 58% iron content, are closed since…

    By FE Bureau
    January 15, 2022 01:15 IST
    The process of capital account convertibility is likely to receive a further push this year, as the government and Reserve Bank of India (RBI) move towards allowing greater foreign participation in domestic bond markets.
    RBI devolves new 10-year benchmark bond at maiden auction

    “Actually, 6.54% cut-off has hardly any premium for the new benchmark. Ahead of the budget and policy action with inflation…

    By FE Bureau
    January 15, 2022 00:45 IST
    Outstanding non-food credit as on December 31 stood at Rs 115.95 lakh crore, higher than Rs 112.29 lakh crore at the end of the previous fortnight. Deposits grew 10.28% y-o-y to Rs 162.41 lakh crore.
    Non-food credit growth hits over two-year high of 9.28% in Dec

    The incremental credit deposit ratio (CD) ratio beginning Q3FY22 was at 133 as against an incremental CD ratio of only…

    By FE Bureau
    January 15, 2022 00:15 IST
    AstraZeneca vaccine
    AstraZeneca’s vax raises antibody response against Omicron variant

    A separate Phase IV trial reported in a preprint with The Lancet showed that a third dose of Vaxzevria substantially…

    By FE Bureau
    January 14, 2022 08:29 IST
    amazon
    Amazon plea: NCLAT declines interim relief, sends notices to CCI & Future

    The appellate tribunal, however, issued notices over Amazon’s petition to CCI and Future Coupons (FCPL), and asked them to file…

    By FE Bureau
    January 14, 2022 08:23 IST
    In the first stage, it will have a capacity of 500 kilolitres per day KLPD and in the second, the capacity would be enhanced to 1,100 KLPD. (Representative image)
    Swaraj Green to set up Asia’s largest ethanol unit in Maharashtra

    The unit will use sugarcane juice and Biosyrup as raw materials based on technology supplied by Praj Industries. At full…

    By FE Bureau
    January 14, 2022 06:30 IST
    Analysts predict that India's edtech sector, currently valued at around $3 billion which they expect to grow to $30 billion within the next 10 years.
    Lead School joins the unicorn club

    Raises $100 mn from WestBridge, GSV Ventures

    By FE Bureau
    January 14, 2022 06:15 IST
    The bonds have been benchmarked against five-year US Treasury notes and priced at a spread of 100 basis points over the benchmark. The lender has completed its issuance through its London branch.
    SBI raises $300 million via 5-year Regulation S Formosa bonds

    The bonds will be listed on Taipei Exchange (TPEx), Singapore Exchange Securities Trading (“SGX-ST”) and India International Exchange IFSC (“India…

    By FE Bureau
    January 14, 2022 05:45 IST
    “GE Renewable Energy secured over 1.2 GW orders in India last year, making it the largest wind turbine original equipment manufacturer supplier in India,” Deepak Maloo, regional sales leader of the company said.
    GE Renewable to supply 99.9 MW wind turbines to Continuum Energy

    Continuum is majority-owned by a global infrastructure fund managed by Morgan Stanley Infrastructure Partners.

    By FE Bureau
    January 14, 2022 05:30 IST
    “Becoming India’s largest industrial consumer of RE in 2021 reflects our persistent endeavours to increase the share of green power in our energy mix and accelerate our transition into low-carbon operations,” Rahul Sharma, CEO of Vedanta Aluminium Business, said.
    Vedanta’s aluminium biz buys 2,000 MU green energy in 2021

    Vedanta’s subsidiary Bharat Aluminium Company procured 59% of the traded RE certificates (RECs) in November 2021 alone, and a total…

    By FE Bureau
    January 14, 2022 05:15 IST
    So, build your perfect trading strategy by considering and implementing the following suggestions.
    Your Money: Smart tips for a perfect trading strategy

    Never invest more than 2% of your account balance in a single trade. This way, if some loss comes your…

    By FE Bureau
    January 14, 2022 04:00 IST
    “RIL has started the process of scouting land for 100 GW renewable energy power project in Kutch, Banaskantha and Dholera. The company has requested for 4.5 lakh acres of land in Kutch,” it said in a statement.
    RIL to invest Rs 5.95 lakh cr in green energy, other projects in Gujarat

    Separately, RIL has proposed to invest Rs 7,500 crore in RJio over the next 3-5 years to upgrade telecom networks…

    By FE Bureau
    January 14, 2022 03:30 IST
    Kumar said at the company level, Brathwaite was eyeing an IPO in 2025-26 and aims a turnover of Rs 2,500 crore by then.
    Braithwaite conferred Miniratna-1 status, govt plans to merge it with RITES

    The idea was to merge Rail Vikas Nigam (RVNL) with Indian Railway Construction (IRCON), Railtel Corporation with the Indian Railway…

    By FE Bureau
    January 14, 2022 03:15 IST
    “We will also deploy the funds to deepen our footprint in our target geographies, adding up to 50 more distribution points over the next 18 months. Finally, we will be investing to create a keiretsu of businesses, which bring complementary capabilities and are aligned to our purpose,” Jayaraman said.
    WayCool Foods raises $117 m in Series D funding

    As part of the Series D round, WayCool raised $95 million as equity and $22 million as debt. The company…

    By FE Bureau
    January 14, 2022 02:45 IST
    It is with good reason therefore that Financial Express chose to institute ExpressAWE – Awards to Women Entrepreneurs.
    An evening to watch as Sheryl Sandberg, Indian industry icons celebrate ExpressAWE today

    A highlight of the evening will be a conversation between ExpressAWE Newsmaker of the year Nykaa founder and CEO Falguni…

    By FE Bureau
    January 14, 2022 02:30 IST
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    The suit, filed in 2004, had accused BCI Optical Disc Ltd and a local retail outlet of violating Philips’ patent rights by manufacturing and selling VCDs using technology allegedly covered under its patent.

    21 years, no win: Philips loses Delhi High Court patent battle

    Transgender community members hospitalised after mass suicide attempt in Indore

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