Business News Updates

CAIT
India-China Border Clash: All India Traders Body Calls For Boycott Of Chinese Goods

New Delhi: Condemning Chinas military aggression along the Line of Actual Control in Eastern Ladakh, the Confederation of All India Traders (CAIT) called for boycott of Chinese goods, listing 450 imported items. The development comes as the India-China faceoff in Galwan Valley in Ladhak turned violent on Monday, leading to multiple casualties on both sides. […]

Google-for-startups
Google To Support Indian Startups Creating Solutions For The New Normal

New Delhi: Google on Wednesday expanded its programme to support startups working on the solutions to solve real-life challenges towards the new normal post-COVID-19 landscape in India. Google for Startups has opened applications for the new batch of Google for Startups Accelerator, with a special focus on health-tech, fin-tech, edu-tech, agri-tech, retail and SaaS startups, […]

Central Govt
Big Relief For PSUs: Centre To Withdraw 96% Of AGR Dues

New Delhi: The Centre on Thursday informed the Supreme Court it is willing to withdraw 96 per cent of the Rs 4 Lakh crore dues pending against various PSUs in the adjusted gross revenue (AGR) matter. Solicitor General Tushar Mehta, representing the Centre, told a bench headed by Justice Arun Mishra that the Centre is […]

Reliance-Industries
Reliance Is Net-Debt Free After Rs 1.69 Lakh Cr Fund Raising: Mukesh Ambani

Mumbai: Billionaire Mukesh Ambani on Friday said his flagship firm Reliance Industries is now net-debt free after a record Rs 1.69 lakh crore fundraising in under two months. In a statement, RIL Chairman Mukesh Ambani said: “I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of […]

fuel-prices-hiked
Petrol, Diesel Prices Hiked For Fourteenth Day In A Row

New Delhi: Petrol and diesel prices continued to rise through the fortnight with the two auto fuels getting dearer by 51 and 61 paise per litre respectively on Saturday. This is the 14th day of fuel price rise since June 7 when oil companies began the daily price revision mechanism after a hiatus of 83 […]

MCL Recruitment 2021: Vacancies Notified For 70 Medical Executives in Various Grades 
MCL Plans To Invest Rs 60,000 Crore In Odisha

Bhubaneswar: Mahanadi Coalfields (MCL) planned to invest Rs 60,000 crore in Odisha, with Rs 31,000 crore to be spent on mining and social infrastructure development by 2023-24, the subsidiary of Coal India said in a statement, here on Saturday. MCL plans to increase coal production capacity to 300 million tonnes with investment in three new […]

nita-ambani
Top Philanthropists Of 2020: Nita Ambani Makes It To The List As Only Indian

New Delhi: The summer issue of Town & Country, America’s leading general-interest magazine, has featured Nita Ambani and the Reliance Foundation among the top philanthropists of 2020 “who are saving lives and our sense of hope” given the circumstances of Covid-19. The coverage spotlights Ambani for leading Reliance Foundation’s efforts in feeding frontline workers and […]

Diesel
Fuel Prices Hiked For 16th Day In A Row, Diesel At New High

New Delhi: Petrol price on Monday was hiked by 33 paise per litre and diesel by 58 paise to take retail rates to record high as the oil companies increased prices for the 16th day in a row. In 16 days, petrol price has been hiked by Rs 8.3 per litre and diesel by Rs […]

ecommerce-pic
E-commerce In India Recovers 90% of Pre-Lockdown Volume

New Delhi: Sales volume in the e-commerce sector in India has recovered by over 90 per cent as compared to its pre-lockdown level, said a report on Monday. The sector is predicted to fully recover and achieve the pre-lockdown order volume by the end of this month, according to the consumer trend analysis by Unicommerce, […]

RIL
Reliance Industries Becomes First Indian Firm To Hit USD 150 Bn Market Cap

New Delhi: Reliance Industries Ltd (RIL) on Monday became the first Indian firm to hit a market valuation of USD 150 billion during the day. In the morning trade, the company’s market valuation jumped Rs 28,248.97 crore to Rs 11,43,667 crore (USD 150 billion) on the BSE. However, it failed to continue the momentum and […]

Power
Centre Plans Major Changes In Import Policy Of Power Equipment, Development Of Low Carbon Transport System

New Delhi: In line with the ‘Aatmanirbhar Bharat’ vision, the Centre proposes to make major changes in the import policy for power equipment in a bid to promote domestic manufacturing and reduce import content in large infrastructure projects. Further, it seems the government will not keep itself limited to the policy action, as it is […]

Petrol-Diesel
Diesel Prices Surpass That Of Petrol For First Time In India

New Delhi: Diesel has become the most expensive auto-fuel in the country overtaking petrol for the first time in a long while as the oil marketing companies on Wednesday raised its pump prices by 48 paise while keeping the price of the other fuel unchanged. In the Capital, diesel is now priced at Rs 79.88 […]

RBI
RBI To Supervise Co-Op Banks, Cabinet Nod To Ordinance

New Delhi: The Centre has decided to bring urban and multi-state cooperative banks under the direct supervision of the Reserve Bank of India to protect depositors in these financial institutions. The Union Cabinet, in a meeting held on Wednesday, decided to initiate the move via the Ordinance route. The move will bring 1,482 urban and […]

Xiaomi stores
Xiaomi Placing 'Made in India' Logo To Cover Store Branding: Trade Body

New Delhi: Despite asserting that anti-China sentiment was mainly limited to social media, Xiaomi, it appears fearing a backlash amid the India-China stand-off, has begun covering its retail store branding with the Made in India logo in white colour, the All India Mobile Retailers Association (AIMRA) said on Thursday. The action came after the association […]

UPI
UPI Remained Most Preferred Payment Mode Among Consumers

New Delhi: Digital transactions processed at physical touch points such as grocery stores, fuel stations, clothing & apparel, pharmacies, restaurants and specialty retail together accounted for 80 per cent in…

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