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FE Bureau

Budget 2021-22, Union Budget 2021
Benchmarks attain new closing records amid supportive macro data

ONGC was the top gainer in the Sensex pack, rallying 4.91%, followed by L&T, NTPC, ICICI Bank, Sun Pharma, HCL…

By FE Bureau
December 15, 2020 02:15 IST
Mahindra CIE has proposed to establish a project for manufacture of auto components in Hosur, Krishnagiri with an investment of Rs 100 crore which will create jobs for 500 persons.
Tamil Nadu signs 18 MoUs worth Rs 20k crore investment, to generate 26,509 jobs

The firms which have signed MoU includes Torrent Gas, First Solar, Crown Group of Companies, Ola Electric, Voltas, Mylan and…

By FE Bureau
December 15, 2020 01:00 IST
IHCL opens Taj resort in Darjeeling

Puneet Chhatwal, managing director and chief executive officer, IHCL, said, “IHCL with its pioneering spirit has put many destinations like…

By FE Bureau
December 15, 2020 00:45 IST
We raise our FY21E estimate by 20% due to lower credit cost while largely maintaining our FY22E/FY23E estimates. Maintain ‘buy’.
Aceware launches micro ATM service in association with ICICI Bank

The company will bring a micro ATM to the customer’s house and he/she can collect the money by swiping the…

By FE Bureau
December 15, 2020 00:30 IST
India sees 8.6% rise in percentage of women on boards between 2012 and 2020

Between 2012 and 2020, India saw 8.6% rise in the percentage of women on boards, with them holding 17% of…

By FE Bureau
December 14, 2020 04:38 IST
The over-dues — payment default of 45-60 days or more — of all state-run discoms in the country to power plants is seen to increased 52% annually to Rs 1.2 lakh crore at August end.
Discoms’ overdues remain flat in October

October saw the pending dues of discoms to gencos rise marginally m-o-m (1%) to Rs 1.26 trn though the figure…

By FE Bureau
December 14, 2020 01:25 IST
Crude at $55/barrel to add 34 bps to headline inflation: Barclays

In the face of unprecedented tax revenue deficits this year, the Central government had hiked excise by Rs 10 per…

By FE Bureau
December 14, 2020 00:05 IST
‘India-US relationship to touch new heights in Biden-Harris administration’

FICCI convened a virtual session with Ambassador Richard Rahul Verma on India-US strategic partnership at its 93rd Annual Convention.

By FE Bureau
December 13, 2020 09:25 IST
‘India can become global leader in advanced manufacturing’

He said India has often struggled to grow manufacturing as a percentage of GDP and has highlighted issues like power,…

By FE Bureau
December 13, 2020 09:04 IST
Nadella mentioned a few Indian start-ups like Pixxel and CoRover that are using the company’s Azure services to build on their products.
FICCI Meeting: Satya Nadella bets big on AI and other digital tech

Talking at the 93rd FICCI AGM, the Microsoft CEO said AI ensured productivity during the pandemic

By FE Bureau
December 13, 2020 08:31 IST
Economy recovered faster than expected, says PM Narendra Modi

Leaving behind a ‘rocky year’, economic indicators have begun to look encouraging and the recovery is going to be ‘faster…

By FE Bureau
December 13, 2020 07:05 IST
In a recent report, ICICI Securities said cement’s industry average operating margin grew 25% Y-o-Y in FY’20 and further rose 20% Y-o-Y to over Rs 1,250/tonne in the first half of the current fiscal.
Nitin Gadkari sees profiteering by cement and steel units

The minister for MSMEs and highways Nitin Gadkari on Saturday came down heavily on steel and cement industries for jacking…

By FE Bureau
December 13, 2020 06:30 IST
The funds raised will be used for further scaling up production of Bandicoot and to develop new products and R&D to leverage the technology for the health care segment.
Govt working to create the ‘first genuine single-window system’ to ease compliances and processes: Piyush Goyal

The government is working to create the ‘first genuine single-window system’ to ease compliances and approval processes, commerce and industry…

By FE Bureau
December 13, 2020 06:01 IST
Okinawa shifts to lithium-ion power: Lead acid electric scooters discontinued

The start-up began its journey with the lead-acid battery-powered scooter Ridge, and launched four lead-acid scooters in three years.

By FE Bureau
December 12, 2020 11:34 IST
Auto sales rise year-on-year but lag sequentially, November 2020 a mixed bag: SIAM

Releasing the November wholesale auto data on Friday, Society of Indian Automobile Manufacturers(Siam) said while the retail sales of two-wheelers…

By FE Bureau
December 12, 2020 11:27 IST
2020 hyundai i20 diesel turbo review 22
New 2020 Hyundai i20 gets over 29,000 bookings: Price, engine specs, variants and more

The new 2020 Hyundai i20 is off to a great start! Here is what all it offers at what price…

By FE Bureau
Updated: December 12, 2020 11:28 IST
Sensex rises 139 points on Friday: Markets cap sixth straight week of gains

The futures and options segment saw a turnover of Rs 18.01 lakh crore while the cash market saw a turnover…

By FE Bureau
Updated: December 12, 2020 09:04 IST
However, since the creditors and the debtors already arrive at a concensus on initiating the pre-pack resolution, chances of frivolous litigations under the proposed framework are minimised, analysts say.
Faster resolution under IBC can help GDP grow: Tata Steel CFO

Chatterjee, while addressing a CII interactive session, said IBC in India is almost like an auction. “At some level, there…

By FE Bureau
December 12, 2020 08:41 IST
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