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FE Bureau

It also stated that India needs to shorten the time taken to enforce contracts through courts.
BofA Securities expects Nifty to touch 15K by CY2021-end

Commenting on the target, Amish Shah, India equity strategist, BofA Securities, said, “In the current context, the target does not…

By FE Bureau
January 21, 2021 02:40 IST
sensex, market
Global rally pushes mkts to fresh records; auto, IT shine

Automobile companies drove the markets, with stocks such as Bajaj Auto and Eicher Motors hitting their 52-week highs. Tata Motors…

By FE Bureau
January 21, 2021 02:30 IST
Cabinet approves Rs 5,282 cr to revive J&K hydro project

The Centre will provide a grant of Rs 776.44 crore to JKSPDCL for its equity contribution in the venture. NHPC…

By FE Bureau
January 21, 2021 02:20 IST
Lower electricity volumes consumed by highly industrialised states in FY20 had dragged down the country’s annual demand growth to a six-year low of 1.3%.
Peak power demand scales new high

Peak demand reflects the highest power requirement level reached at a particular moment. The rise in demand is good news…

By FE Bureau
January 21, 2021 02:00 IST
Out of total 6.41 lakh net subscribers who joined the EPF scheme in November 2020, 1.43 lakh were female.
No. of new EPF subscribers at lowest in five months in November

Only 6.4 lakh new subscribers joined the EPF scheme in November, far lower than 7.7 lakh in October and 11.4…

By FE Bureau
Updated: January 21, 2021 07:50 IST
Earlier, Justice Chandrachud in his dissenting judgement of September 2018 had held the entire Aadhar Act to be unconstitutional and had also termed the passing of Aadhaar Act as a money bill as a fraud on the Constitution.
SC rejects pleas seeking review of 2018 Aadhaar verdict

A Bench comprising justices AM Khanwilkar, Ashok Bhushan, S Abdul Nazeer, BR Gavai and DY Chandrachud in a 4:1 majority…

By FE Bureau
January 21, 2021 01:40 IST
Lawyer Harish Salve, who is appearing for a Delhi-based citizen who wants to remove protesters from the Delhi borders, submitted that he will file a contempt petition if any more “nonsense” is said about the members of the panel.
SC irked over aspersions cast on members of court-appointed committee

The bench led by Chief Justice SA Bobde while hearing a fresh application by farmers’ groups Bhartiya Kisan Union Lokshakti…

By FE Bureau
January 21, 2021 01:30 IST
The company provided Rs 800 crore as of December 2020 for COVID-19 related stress. “If recoveries are better in FY22, we may experience lower net loan loss to average assets,” Jain said.
Bajaj Finance Q3 net profit falls 29%

New loans booked during the quarter was lower at 6.04 million, against 7.67 million in Q3FY20. Assets under management as…

By FE Bureau
January 21, 2021 01:20 IST
Indian companies should have enough reserves in the tank to fight competition, says MakeMyTrip founder Deep Kalra

Kalra said that unlike some established economies like Europe that have implemented stringent rules around monopolistic business practices and privacy,…

By FE Bureau
January 21, 2021 00:30 IST
Mail sent to Pegatron seeking comments on the development did not elicit any response till the time of going to the press.
Apple maker Pegatron leases space near Chennai; to invest $150m in Tamil Nadu

The company which has plans to pump in around $150 million into setting up contract mobile manufacturing facilities for Apple…

By FE Bureau
January 21, 2021 00:20 IST
Sundaram Finance appoints Rajiv Lochan as new MD

Harsha Viji, deputy MD, will assume the office of executive vice chairman, and take responsibility for the overall strategy and…

By FE Bureau
January 21, 2021 00:10 IST
steel industry
BIS hurts metal packaging; packaged food, pharma sectors to feel the heat

Imposition of BIS standards on tinplate or tin free steel has become a major hurdle to the Rs 10,000-crore Indian…

By FE Bureau
January 20, 2021 08:53 IST
K Palaniswami
Tamil Nadu seeks PM’s intervention in early sanction of fund for bulk drug park

The Tamil Nadu government has sought Prime Minister Narendra Modi’s intervention in getting early sanction of financial assistance from the…

By FE Bureau
January 20, 2021 08:39 IST
paytm
India’s payments space to mature, says Paytm founder & CEO Vijay Shekhar Sharma

While the cumulative opportunity was enormous and while it would be ‘fancy’ to count the number of payments transactions, all…

By FE Bureau
January 20, 2021 06:10 IST
In October 2019, a clutch of investors had infused about $45 million in Dunzo. So far, the company has raised nearly $135 million in funding.
Dunzo raises $40 million from Google, Lightbox & others

The fresh capital will be used to expand in Mumbai, Chennai and Pune, its fastest growing markets, the firm said.

By FE Bureau
January 20, 2021 05:50 IST
This is the first time that the minister spoke on the new privacy policy of the popular encrypted messaging app WhatsApp which has earned a huge backlash, so much so that the company, which was to implement the policy from February 8, has put it on hold till May 15.
Sanctity of personal communications must be maintained: Prasad

Citing examples, Prasad said a doctor talking to his patient, a lawyer talking to his client or a family talking…

By FE Bureau
January 20, 2021 05:40 IST
At present, as much as 13,816 MW solar plants are being constructed through auctions conducted by the Centre.
Govt extends transmission charge waiver for solar projects facing delays

The move is seen to benefit about 6,000 MW of solar projects that are currently facing delays in construction due…

By FE Bureau
January 20, 2021 05:00 IST
Land allotment process would be monitored by a high-powered committee headed by the Chief Minister himself.
Government wasteland for farming on lease agreement

Already the state government has put a list of land blocks for land allotment through I-Khetdut portal of the state…

By FE Bureau
January 20, 2021 04:50 IST
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