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    1. Business News
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    3. fe bureau

    FE Bureau

    Unemployment: Jobless rate hits 4-month high in December

    India’s unemployment rate rose to a four-month high of 7.91% in December, according to the Centre for Monitoring Indian Economy…

    By FE Bureau
    January 4, 2022 04:50 IST
    Similarly, such imports rose 34.7% on -year in December to $35.6 billion and 47.8% from the pre-pandemic level.
    Exports hit record $300 billion: Piyush Goyal

    While the rise in imports signals improving domestic demand following a Covid-induced compression last fiscal, it will also pressure current…

    By FE Bureau
    January 4, 2022 04:10 IST
    On the flip side, Dr Reddys Labs, M&M, Tech Mahindra, and Nestle ended being the top losers in the index.
    Rallying On: Markets begin new year with big gains

    Bajaj Finance was the top gainer in the Sensex pack, advancing 3.5%, followed by Bajaj Finserv, ICICI Bank, Tata Steel,…

    By FE Bureau
    January 4, 2022 04:00 IST
    .E-way bill generation by businesses rose to 6.79 crore for September from 6.59 crore in August and 6.42 crore in July. 
    E-way bill generation in December second highest so far

    E-way bills generation at 7.35 crore in October was the highest ever thanks to spurt in goods dispatches for stocking…

    By FE Bureau
    January 4, 2022 02:45 IST
    39 more MoUs inked ahead of Vibrant Gujarat summit

    The Gujarat government has signed 135 pre-VGGIS MoUs worth over Rs 60,000 crore on the last six Mondays.

    By FE Bureau
    January 4, 2022 01:45 IST
    However, the reported GNPA as on March end is expected to be higher by 70-80 basis points compared to the level as on March 31, 2021.
    SFBs will continue to see elevated credit costs in FY22: ICRA

    ICRA said the overall risk profile of SFBs’ portfolio remains high due to higher proportion of unsecured loans despite such…

    By FE Bureau
    January 4, 2022 01:30 IST
    December PMI: Manufacturing pace slows, but still above trend

    The Nikkei manufacturing purchasing managers’ index (PMI) slipped to 55.5 in December from 57.6 in the previous month, but was…

    By FE Bureau
    January 4, 2022 00:30 IST
    The company further said that it has a review period of 30 days from the due date in terms of the Reserve Bank of India (RBI) circular dated August 6, 2020 and its OTR agreement to make the missed repayment. (Representative image)
    Future Retail misses Rs 3,494-crore repayment under restructuring deal

    The company further said that it has a review period of 30 days from the due date in terms of…

    By FE Bureau
    January 3, 2022 03:15 IST
    Shashi Tharoor, Congress leader
    Parliament has been reduced to a rubber stamp for the government’s legislative agenda: Shashi Tharoor

    Shashi Tharoor talks about disruptions in Parliament, the Hinduism vs Hindutva discussion, on whether the Congress can be a nucleus…

    By FE Bureau
    Updated: January 2, 2022 06:43 IST
    RNESL will additionally spend £25 million as growth capital for commercial rollout of batteries in India, the company said in a statement.
    RIL arm to buy UK’s Faradion for Rs 1K cr

    “The batteries have low cost of ownership and are already comparable to lead-acid with potential for further reductions in costs,”…

    By FE Bureau
    January 1, 2022 06:15 IST
    As reported by FE earlier, many state governments on Thursday asked for extension of the revenue compensation mechanism for states under the GST for another five years from June 2022.
    GST Council defers rate hike on textiles

    While the rate increases were meant to correct the long-unresolved issue of inverted duty structure in the synthetic textiles value…

    By FE Bureau
    January 1, 2022 05:45 IST
    During the quarter, FPI withdrawn $1.7 billion from debt and $4.7 billion from equities.
    CAD at 1.3% in Q2, seen widening

    Of course, the current account surpluses in some of the recent quarters were caused by a slowing of imports, which…

    By FE Bureau
    January 1, 2022 05:15 IST
    The BSE mid-cap and small-cap indices delivered more than 38% and 62% returns in 2021, respectively.
    Markets end 2021 on a high note

    The broader markets, however, have outperformed the benchmarks during the year.

    By FE Bureau
    January 1, 2022 04:45 IST
    The country has till date administered 145 crore doses and 128.87 crore of these were SII’s Covishield vaccines.
    Serum Institute seeks full market authorisation for Covishield vaccine

    Adar Poonawalla, chief executive officer, SII, tweeted on Friday and said the company had supplied 1.25 billion doses of Covishield…

    By FE Bureau
    January 1, 2022 04:15 IST
    However, the reported GNPA as on March end is expected to be higher by 70-80 basis points compared to the level as on March 31, 2021.
    Non-food credit grows 7.41% during fortnight to Dec 17

    Outstanding non-food credit as on December 17 stood at Rs 112.29 lakh crore, higher than Rs 111.83 lakh crore at…

    By FE Bureau
    Updated: January 1, 2022 11:17 IST
    Data released by the industry ministry on Friday showed, against the pre-pandemic (same month in FY20) level, the growth in core sector output in November slowed to 1.9% from 7.8% in the previous month. The core sector had grown at a tepid pace of just 0.4% in FY20.
    Bumpy road to recovery: Core infra sector growth slows to 3.1% in November

    Analysts attributed the slowdown to Diwali holidays, disruption in supplies from southern India following heavy rainfall, and weakening demand momentum…

    By FE Bureau
    Updated: January 1, 2022 11:05 IST
    SECI will use the modules to build the 1,200 MW solar capacities recently awarded to it in the third auction tranche of the CPSU solar scheme.
    SECI invites EoI for 1,800 MW module supply in FY24

    The company said only solar manufacturers registered with the Bureau of Indian Standards and part of the ministry of new…

    By FE Bureau
    Updated: January 1, 2022 06:04 IST
    Having come back from an embargo on new issuances in August, HDFC Bank emerged as the largest issuer of new cards in November, issuing over three lakh new cards during the month.
    Credit card spends fall month-on-month in November as festive season effect wears off

    However, banks have become more cautious about issuing credit cards amid the two waves of the pandemic. As a result,…

    By FE Bureau
    December 31, 2021 08:09 IST
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