New Delhi: Amazon is looking forward to creating thousands of job opportunities in India as the e-commerce giant plans to make 10 new warehouses operational in the country ahead of the festive season. With the new additions, Amazon.in will have more than 60 warehouses, or fulfillment centres, in 15 states, with a total storage capacity […]
New Delhi: In order to strengthen its network and postal operations in rural areas and provide the facility of small savings scheme to the vast majority in villages, the Department of Posts has now extended all small savings schemes upto the Branch Post Office level. There are 1,31,113 Branch Post Offices functioning in rural areas. Apart […]
New Delhi: Government is confident that the strategic sale of Bharat Petroleum Corporation Ltd (BPCL) may go through without any further need to extend the bidding deadlines. The deadline for submitting the Expressions of Interest (EoI) for 52.98 per cent stake in the BPCL will end on July 31. BPCL disinvestment has received interest from […]
Mumbai: The India International Exchange (India INX) has witnessed an all-time-high turnover of over $4.92 billion or nearly Rs 36,866 crore on its derivative segment in daily trading turnover on last Friday. Accordingly, trading volume on the BSE‘s India International Exchange has grown exponentially since the commencement of trading activities on January 16, 2017. “Its […]
New Delhi: Diesel price in the national capital on Sunday inched towards the Rs 82 per litre-mark following the second consecutive day of price hike. Diesel price was increased by 15 paise per litre, according to a price notification of state-owned oil marketing companies. This took the retail selling price in the national capital to […]
Mumbai: The MD of HDFC Bank, Aditya Puri has sold over 74.2 lakh shares, 95 per cent of his stake in the bank for around Rs 842.87 crore during the week gone by. Prior to the transaction, Puri held 0.14 per cent stake — 77.96 lakh shares — and post the sale he holds 0.01 […]
New Delhi: As the economy reels under the pandemic and post lockdown woes, Reserve Bank of India (RBI) Governor Shaktikanta Das is of the view that extreme risk aversion by financial institutions will have adverse outcomes for all. Noting that India’s financial system remains sound, Das, in his foreword to the RBI‘s latest Financial Stability […]
New Delhi: The introduction of the National Mineral Index will help the mining sector to become competitive and inviting healthy competition in auctions and active participation by smaller mining companies. As part of the steps by the Union Government to introduce a slew of legislative reforms in coal and mining sector, the National Mineral Index […]
Mumbai: With persistent concerns for the global economy, gold futures continued to climb new record levels on the Multi-Commodity Exchange (MCX) on Monday. Earlier in the day, the August contract of gold on the MCX hit an all-time high of Rs 51,833 per 10 gram. Currently, it’s trading at Rs 51,778.00, higher by Rs 743.00 […]
New Delhi: Despite the uncertainty prevailing in FY 2020-21 owing to Covid-19 pandemic, fundraising in FY 2020-21 was better than that in FY 2019-20 for both Public Issues and Rights…
New Delhi: RBI Governor Shaktikanta Das on Monday assured the industry that the central bank was closely monitoring the economic situation and will not hesitate to take appropriate action, as he underlined the need for stepping up investment in the infrastructure sector to reignite growth hit by the COVID-19 crisis. Addressing members of industry chamber […]
New Delhi: Emphasising Prime Minister Narendra Modi’s Atmanirbhar India mission, Railway and Commerce Minister Piyush Goyal on Tuesday launched the SBI-IRCTC credit card that offers a host of benefits to rail passengers. “We are strongly committed in making Railways ‘Atmanirbhar’ in all the fields with ‘Make in India’ initiatives as envisaged by the Prime Minister. […]
Mumbai: India can emerge as top five exporters of agro commodities in the world if the central and state governments take effective measures to handhold farmers, a study conducted by MVIRDC World Trade Center Mumbai showed. According to the study, through focused intervention in capacity building, India can enhance its agro-export to surpass Thailand and […]
New Delhi: Disinvestment-bound Bharat Petroleum Corporation Ltd (BPCL) may buy out the entire stake of OQ, the erstwhile Oman Oil Company (OOC), in its refinery joint venture in Madhya Pradesh, the Bharat Oman Refineries Ltd (BORL). Government sources said that the BORL became a subsidiary of BPCL in March this year and the next step […]
New Delhi: Prime Minister Narendra Modi on Wednesday held a meeting with the stakeholders of banks and NBFCs and discussed issues in the financial sector, including credit growth and risk aversion. The meeting largely talked about the vision and roadmap for the future. A statement from the Prime Minister’s Office (PMO) said that the crucial […]
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