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Headline
Crude oil prices rise on global tensions
New Delhi, March 8 (IANS) Global crude oil prices jumped above $70 a barrel on Monday for the first time since the Covid-19 pandemic began.
2021-03-08
Category: India, Delhi,Business/Economy
Small, mid-cap stocks outperform amid current market weakness
Mumbai, March 8 (IANS) As the markets have largely taken to a downward trend amid high bond yields in the US, small and mid-cap stocks continue to buck the bearish trend.
2021-03-08
Category: India, Maharashtra,Business/Economy
AGEL commissions 100 MW Gujarat Wind Power ahead of schedule
Ahmedabad, March 8 (IANS) Adani Wind Energy Kutch Three Limited ('AWEKTL'), a subsidiary of Adani Green Energy Limited, commissioned a 100 MW Wind Power Plant in Kutch (Gujarat) five months ahead of its schedule.
2021-03-08
Category: India, Gujarat,Business/Economy
Petrol, diesel prices steady even as crude crosses $70/b
New Delhi, March 8 (IANS) Oil marketing companies have spared fuel consumers of yet another petrol and diesel price hike even though the global oil market is on boil with crude crossing a year high of $70 a barrel.
2021-03-08
Category: India, Delhi,Business/Economy
Equity indices open in green, Nifty above 15,000
Mumbai, March 8 (IANS) The stock market opened in the green on Monday with the Nifty50 on the National Stock Exchange (NSE) reclaiming the 15,000 mark.
2021-03-08
Category: India, Maharashtra,Business/Economy
Only Tata, Spicejet now in the fray for Air India
New Delhi, March 7 (IANS) Only the Tata Group and private airline Spicejet remain in the fray for buying Air India as all the other bids have been rejected, according to sources close to the development.
2021-03-07
Category: India, Delhi,Business/Economy
Warburg Pincus arm to invest Rs 800 cr in Adani Ports
Mumbai, March 7 (IANS) Windy Lakeside Investment Ltd, a unit of Warburg Pincus, will invest Rs 800 crore in Adani Ports and Special Economic Zone Limited for a 0.49 per cent stake.
2021-03-07
Category: India, Maharashtra,Business/Economy
OYO, Zostel at loggerheads over arbitration award (Ld)
New Delhi, March 7 (IANS) In a stretched battle, hospitality major OYO Hotels & Homes and hostel chain Zostel are at loggerheads over an arbitration award as OYO said that the Arbitration Tribunal adjudicating the dispute between two entities has granted no specific relief to Zostel in terms of receiving ownership in the hospitality major.
2021-03-07
Category: India, Delhi,Business/Economy
Nita Ambani launches women-centric digital platform 'Her Circle'
Mumbai, March 7 (IANS) Reliance Foundation's Chairperson, Nita Mukesh Ambani has launched 'Her Circle', an empowering and comprehensive content, social media, and goal-fulfilment digital platform for women.
2021-03-07
Category: India, Maharashtra,Business/Economy
JLR takes to job cuts in India to achieve agility
New Delhi, March 7 (IANS) Tatas-owned Jaguar Land Rover (JLR) is reducing its workforce in India in a bid to cut cost along with become an agile organisation.
2021-03-07
Category: India, Delhi,Business/Economy
OYO says no specific relief for Zostel in arbitration as latter claims victory
New Delhi, March 7 (IANS) In a stretched battle, hospitality major OYO Hotels & Homes and hostel chain Zostel are at logger heads over an arbitration award as OYO said that the Arbitration Tribunal adjudicating the dispute between two entities has granted no specific relief to Zostel in terms of receiving ownership in the hospitality major.
2021-03-07
Category: India, Delhi,Business/Economy
Business confidence in India touches decadal high: FICCI
New Delhi, March 7 (IANS) As the demand scenario improves and economic activities gather momentum, a FICCI survey shows that confidence among Indian businesses and entrepreneurs is significantly high and the business confidence index is at a decadal high.
2021-03-07
Category: India, Delhi,Business/Economy
Centre proposes to raise LIC's authorised capital to Rs 25K cr
New Delhi, March 7 (IANS) With a view of listing the state-run insurance major Life Insurance Corporation of India (LIC), the government has proposed to raise the authorised capital of LIC to Rs 25,000 crore.
2021-03-07
Category: India, Delhi,Business/Economy
JPMorgan says up to $316bn selling in equites by quarter end
New York, March 7 (IANS) US financial services major, JP Morgan (JPM) has predicted massive selling to the tune of $316 billion as investors are trying to balance their portfolios.
2021-03-07
Category: International, United States,Business/Economy
IT raids on 2 Chennai-based groups reveal Rs 1k cr undisclosed income
New Delhi, March 7 (IANS) The Income Tax Department has carried out searches on two Chennai-based groups, one of which is a leading bullion trader in Tamil Nadu and the other is one of the biggest jewellery retailers in South India.
2021-03-07
Category: India, Delhi,Business/Economy
'Local shops on Amazon' gets over 50K retailers onboard
New Delhi, March 7 (IANS) E-commerce major Amazon's programme to get onboard small retailers and neighborhood stores, 'Local shops on Amazon', has expanded its network to over 50,000 retailers, said a company statement.
2021-03-07
Category: India, Delhi,Business/Economy,Technology
FPIs pull out investments amid rising bond yields
Mumbai, March 7 (IANS) As the rising bond yields in the US cause panic in the global markets, foreign portfolio investors (FPI) have turned to sell their holdings.
2021-03-07
Category: India, Maharashtra,Business/Economy
Petrol prices unchanged across metros for 8th day
New Delhi, March 7 (IANS) Oil marketing companies (OMC) kept fuel prices unchanged for the eighth consecutive day across the four metros on Sunday.
2021-03-07
Category: India, Delhi,Business/Economy
Generational diversity: Millennial Boards new rage for India Inc
New Delhi, March 7 (IANS) India Inc's major corporates are increasingly forming 'Millennial Boards' to gain insights into the changing needs of their young customers as well as to keep ahead of the disruption curb.
2021-03-07
Category: India, Delhi,Business/Economy
Jharkhand govt signs MoUs with FICCI, Flipcart Internet
Ranchi/New Delhi, March 6 (IANS) The Jharkhand government on Saturday signed memorandums of understanding (MoUs) with the Federation of Indian Chambers of Commerce and Industry (FICCI) and Flipkart Internet Pvt Ltd at the stakeholders' meet on the draft Jharkhand Industrial and Investment Promotion Policy 2021 in New Delhi.
2021-03-06
Category: India, Bihar,Business/Economy
Reduce VAT on petrol, diesel: Punjab fuel dealers
Chandigarh, March 6 (IANS) The Petrol Pump Dealers Association in Punjab on Saturday lamented the negative impact of higher prices of petrol and diesel on their business and the rising burden on the common man.
2021-03-06
Category: India, Punjab,National,Business/Economy,Politics
Tripura Gramin Bank posts profit for 20th year in a row
Agartala, March 6 (IANS) Amid the Covid-induced economic slowdown, the Tripura Gramin Bank (TGB) has become the first among the 45 Regional Rural Banks (RRBs) in India to post a net profit for 20 straight years, after it reported net profit of Rs 133.61 crore till December last year of the current fiscal, doing business of over Rs 10,000 crore, a top bank official said.
2021-03-06
Category: India, Tripura,Business/Economy
'Privatisation will lead to increase in service charges'
New Delhi, March 6 (IANS) All India Nationalised Banks Officers Federation (AINBOF) has opposed privatisation of public sector banks as it will lead to increase in service charges and will take banking beyond the reach of common man.
2021-03-06
Category: India, Delhi,Business/Economy
'Privatisation will lead to increase in service charges'
New Delhi, March 6 (IANS) All India Nationalised Banks Officers Federation (AINBOF) has opposed privatisation of public sector banks as it will lead to increase in service charges and will take banking beyond the reach of common man.
2021-03-06
Category: India, Delhi,Business/Economy
'Privatisation will lead to increase in service charges'
New Delhi, March 6 (IANS) All India Nationalised Banks Officers Federation (AINBOF) has opposed privatisation of public sector banks as it will lead to increase in service charges and will take banking beyond the reach of common man.
2021-03-06
Category: India, Delhi,Business/Economy
adidas provides 100% support through its Formotion collection for all women making moves
New Delhi, March 6 (IANS) In its commitment to creating an inclusive space in society for women, global sportswear giant -- adidas, has launched Watch Us Move -- a campaign to celebrate womanhood and their freedom of movement.
2021-03-06
Category: India, Delhi,Business/Economy,Human Interest/Society
Tesla, Ford only carmakers not gone bankrupt: Elon Musk
New Delhi, March 6 (IANS) As several carmakers bleed in the US and beyond, Tesla is profitable and according to Elon Musk, his electric car company and Ford are the only two carmakers in the US which have not gone bankrupt.
2021-03-06
Category: India, Delhi,Business/Economy,Technology
Tech bids open for Mum-Ahm Bullet train bridge project
New Delhi, March 6 (IANS) The National High Speed Rail Corporation Limited (NHSRCL) on Saturday said that it has opened two technical bids for construction or building of bridges for the 508 km Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor in the state of Gujarat and Dadra and Nagar Haveli in which nine companies have participated.
2021-03-06
Category: India, Delhi,Business/Economy
Need for PSF in oil sector gains ground
New Delhi, March 6 (IANS) The government may consider a price stabilization fund (PSF) in the oil sector to control prices of auto fuels like petrol and diesel.
2021-03-06
Category: India, Delhi,Business/Economy,Human Interest/Society
Base effect subdues pharma market's growth in Feb
New Delhi, March 6 (IANS) High base effect along with volume decline subdued the growth of India's pharmaceuticals market, India Ratings and Research (Ind-Ra) said.
2021-03-06
Category: India, Delhi,Business/Economy
TVS to provide free Covid-19 vaccination to all employees
New Delhi, March 6 (IANS) Two-wheeler and three-wheeler manufacturer TVS Motor Company on Saturday said that it has extended free Covid-19 vaccination for all employees and their immediate family members.
2021-03-06
Category: India, Delhi,Business/Economy
Dozen privatisation proposals may be considered in FY22
New Delhi, March 6 (IANS) The government's privatisation drive will see about a dozen profit-making entities being put up for disinvestment under the strategic route in FY22, two persons familial with the matter said.
2021-03-06
Category: India, Delhi,Business/Economy
3 free LPG cylinders likely again for Ujjawala subscribers
New Delhi, March 6 (IANS) Government may examine a proposal to extend provision of free LPG cylinders for Ujjwala scheme beneficiaries for three months again in FY22 to provide relief to over 83 million BPL households from rising price of the cooking gas.
2021-03-06
Category: India, Delhi,Business/Economy
IOC may monetise hydrogen units to raise Rs 10K Cr
New Delhi, March 6 (IANS) Country's largest public sector refiner Indian Oil Corporation (IOC) plans to hive off hydrogen producing units and sulphur recovery facilities at its refineries to a separate entity and then sell stakes in it to the private sector to raise close to Rs 10,000 crore.
2021-03-06
Category: India, Delhi,Business/Economy
Higher infra spend ups 'Construction Equipment' volumes
New Delhi, March 6 (IANS) Heightened focus on infrastructure spend, particularly in the road infrastructure segment has led to a sharp scale up in 'Construction Equipment' volumes since July 2020, said ratings agency ICRA.
2021-03-06
Category: India, Delhi,Business/Economy
'High coal inventory to keep domestic production levels under check'
New Delhi, March 6 (IANS) High coal inventory at power stations may continue to keep the domestic production and offtake levels under check in the near term, said India Ratings and Research (Ind-Ra).
2021-03-06
Category: India, Delhi,Business/Economy
'High coal inventory to keep domestic production levels under check'
New Delhi, March 6 (IANS) High coal inventory at power stations may continue to keep the domestic production and offtake levels under check in the near term, said India Ratings and Research (Ind-Ra).
2021-03-06
Category: India, Delhi,Business/Economy
Julius Baer upgrades India, fastest growing major economy
New Delhi, March 6 (IANS) Singapore-based fund house, Bank Julius Baer, has upgraded India to overweight as it will be the fastest growing major economy in 2021.
2021-03-06
Category: India, Delhi,Business/Economy
Greek economy contracts by 8.2% in 2020: Report
Athens, March 6 (IANS) The Greek economy contracted by 8.2 per cent on an annual basis in 2020, according to the first estimate the Hellenic Statistical Authority (ELSTAT) released.
2021-03-06
Category: International, Greece,Business/Economy
Goyal stresses on manufacturing high quality containers in India
New Delhi, March 6 (IANS) Union Railway Minister Piyush Goyal on Friday emphasised on the manufacturing on the indigenous high quality containers in India saying that India has excellent steel making capabilities.
2021-03-06
Category: India, Delhi,Business/Economy
Muthoot Group Chairman MG George Muthoot passes away
New Delhi, March 5 (IANS) The Chairman of The Muthoot Group, M G George Muthoot passed away in the national capital on Friday evening.
2021-03-05
Category: India, Delhi,Business/Economy
Gold futures lose shine, down 20% from record highs
Mumbai, March 5 (IANS) The bull run in the bullion market which peaked at the height of the pandemic last year has come to a halt as gold futures have declined around 20 per cent from the record highs.
2021-03-05
Category: India, Maharashtra,Business/Economy
Trifecta Capital closes 2nd debt fund at Rs 1,025 cr
New Delhi, March 5 (IANS) Trifecta Capital on Friday announced that Trifecta Venture Debt Fund-II, its second venture debt fund, launched in March 2019 has been oversubscribed in its final closing.
2021-03-05
Category: India, Delhi,Business/Economy
GVA growth more accurate than GDP numbers for FY21: DEA
New Delhi, March 5 (IANS) The Department of Economic Affairs (DEA) of the Finance Ministry has said that following the growth of Gross Value Added (GVA) for FY21 would be more appropriate rather than tracking the GDP growth (contraction) which has been "distorted" for the current financial year.
2021-03-05
Category: India, Delhi,Business/Economy
Ezstays completes seed round of funding
New Delhi, March 5 (IANS) Student housing startup Ezstays has completed its seed round of funding raising $400,000 from Richard Rekhy, former CEO of KPMG India among other private investors.
2021-03-05
Category: India, Delhi,Business/Economy
Soaring crude prices a credit negative for PSU OMCs: ICRA
New Delhi, March 5 (IANS) The PSU oil marketing companies (OMCs) may go slow in automatic pass through of rise in international crude oil prices to the consumers due to the already high cost of transportation fuel such as petrol and diesel, ratings agency ICRA.
2021-03-05
Category: India, Delhi,Business/Economy
Soaring crude prices a credit negative for PSU OMCs: ICRA
New Delhi, March 5 (IANS) The PSU oil marketing companies (OMCs) may go slow in automatic pass through of rise in international crude oil prices to the consumers due to the already high cost of transportation fuel such as petrol and diesel, ratings agency ICRA.
2021-03-05
Category: India, Delhi,Business/Economy
Rewire to expand product portfolio post $20M fundraise
New Delhi, March 5 (IANS) Fintech start-up Rewire has raised $20 million in its Series B funding and plans to add more products along with expanding its network geographically with the latest fundraise.
2021-03-05
Category: India, Delhi,Business/Economy
MG Motors launch 'Womentorship' to support social enterprises stated by women
New Delhi, March 5 (IANS) Automobile manufacturer MG Motor India has launched a mentorship programme 'Womentorship' to scale up social ventures started by women.
2021-03-05
Category: India, Delhi,Business/Economy
Bond yields, profit booking unleash bears, banking stocks down (Roundup)
Mumbai, March 5 (IANS) India's key equity indices ended lower for the second straight day on the back of weak global cues which emanated from rising global bond yields on Friday.
2021-03-05
Category: India, Maharashtra,Business/Economy