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  3. fe bureau

FE Bureau

The government would offer the interest subvention of 6% or half the interest rate charged by the banks, whichever is lower.
Cabinet decisions: Sops for grain-based ethanol, nod to clutch of infra projects

The interest subvention would be available for setting up new as well as an expansion of existing molasses or grain-based…

By FE Bureau
December 31, 2020 06:45 IST
Trade deficit touched $18.6 billion in October-November.
Current account surplus at 2.4% of GDP in Q2, $32 billion added to reserves: RBI

On a balance of payment basis, Q2 saw net accretion of a robust $31.6 billion to the country’s forex reserves…

By FE Bureau
December 31, 2020 06:30 IST
Gangwar said that the Labour Bureau would also launch an 'All India Quarterly Survey on Employment of Enterprises' that will provide comprehensive data on the employment numbers in both the organised and unorganised sectors.
Labour Bureau to complete 4 surveys, including one on migrant workers, by October 2021: Santosh Gangwar

On this occasion, Director General, Labour Bureau, DS Negi read out a special message by Prime Minister Narendra Modi.

By FE Bureau
December 31, 2020 06:15 IST
LPC reiterates Tata Steel’s commitment to safety and environment friendly sustainable mining practices. Narendran said.
Tata Steel installs piped conveyor in West Bokaro mine

Tata Steel CEO & MD TV Narendran said implementing best-in-class technologies and sustainable practices were critical success factors for mining…

By FE Bureau
December 31, 2020 04:00 IST
Among other things, the committee will consider the need for differential regulations and examine prospects to allow more leeway in permissible activities for UCBs with a view to enhancing their resilience.
Private banks taking away share from PSBs in rural credit: RBI

As has been observed for the last few years, including during FY20 also, branch expansion in rural areas remained subdued…

By FE Bureau
December 31, 2020 03:45 IST
The record peak demand was reached at 9:48 AM on Wednesday.
Post Covid spurt: Peak power demand touches all-time high on Wednesday

Peak demand reflects the highest power requirement level reached at a particular moment, and is different from actual consumption volumes.

By FE Bureau
December 31, 2020 03:30 IST
GigIndia has seen growth in gig workers from Tier-II, -III and Tier-IV cities from 5.22% in March to 58.11% in September.
GigIndia raises Rs 7.6 crore in Pre-Series A from angel investors

GigIndia plans to use the freshly-raised funds in enhancing their technology platform for building a larger community of such workers…

By FE Bureau
December 31, 2020 03:16 IST
“Generally bigger players keep one and half months' inventory of finished goods. Such players would absorb a sudden rise in gas prices. But smaller units will have to bear the additional financial burden,” said Patel.
Nearly 1,000 ceramic units in Gujarat to face additional burden of over Rs 100 crore/month

Gujarat Gas Limited (GGL), the sole supplier of natural gas to India’s biggest ceramic cluster near Morbi town in Saurashtra…

By FE Bureau
December 31, 2020 01:30 IST
Raisin exports on the other hand remained subdued at 24,668 tonnes in 2019-20.
Maharashtra to give an extra push for raisin and jaggery exports

In 2019-20, around 341,155 tonnes of jaggery were exported from the country with Sri Lanka being the biggest buyer at…

By FE Bureau
December 31, 2020 01:00 IST
The benchmark Nifty rose by 49.35 points (0.35%) to close at 13,981.95 whereas the Sensex rose by 133.14 points (0.28%) to close at 47,746.22.
Markets at new high on Covid-19 vaccine hope

European markets were trading flat with benchmarks in countries such as France, Germany, and the United Kingdom trading higher by…

By FE Bureau
December 31, 2020 00:30 IST
Bajaj Auto TVS Motor Ashok Leyland sales grows in October 2020
Car, bike sales set to grow in December 2020, here’s why

What’s interesting is that both PV and two-wheeler firms are offering smaller discounts this time around. Typically, auto companies offer…

By FE Bureau
December 30, 2020 10:46 IST
power
Sterlite partners with Amp Capital to build 4 transmission projects

AMP Capital and Sterlite Power will invest $150 million each on the development of 1,800 km of transmission lines.

By FE Bureau
Updated: December 30, 2020 10:39 IST
retail payments
Online boost: Retail payments pick up 20%

Retail payments picked up 20% y-o-y with buoyancy in the retail business and a rise in th share of online…

By FE Bureau
December 30, 2020 08:17 IST
Though AirAsia Berhad has been going through financial problems and had earlier indicated it would be exiting the India business, the advantage for Tatas is that now they can put in a bid for Air India through AirAsia.
Tata Sons to take over AirAsia India, to buy additional 32.67% stake in low-cost airline

AirAsia Berhad had recently waived off the non-compete clause for Tatas thus giving them a free hand to bid for…

By FE Bureau
December 30, 2020 07:46 IST
The appointed date has been fixed as April 1, 2020.
Jindal Stainless (Hisar) to merge into group company Jindal Stainless

Post the merger, JSL will be the single listed entity on the stock exchanges and the promoter holding will be…

By FE Bureau
Updated: December 30, 2020 12:07 IST
This collaboration becomes more critical in laggard areas, such as enforcing contracts, starting a business and registering properties.
Ease of doing business: Centre steps up focus on Kolkata, Bangalore

In registering property, the Centre wants all records relating to titles and encumbrances in these two cities digitised and available…

By FE Bureau
December 30, 2020 07:00 IST
This section of EDFC is built at a cost of Rs 5,750 crore and, when completed, will decongest the existing Kanpur-Delhi main line and double the speed of freight trains from 25 kmph to 75 kmph.
PM inaugurates Rs 5,750 cr section of freight corridor

Lamenting on the lack of modernisation of the rail network under previous governments, Modi said all this has changed with…

By FE Bureau
December 30, 2020 06:45 IST
Fresh slippages remained the highest among PSBs.
Given uncertainty induced by Covid-19 and its real economic impact, asset quality set to worsen sharply: RBI

“Going forward, although the risks to the banking sector remain tilted upwards, much hinges around the pace and spread of…

By FE Bureau
December 30, 2020 06:15 IST
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