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Headline
Brent near $75/bbl on supply concerns, falling US inventory
Mumbai, July 28 (IANS) Futures of Brent crude oil rose on Wednesday amid anticipation of demand outweighing supplies along with the fall in stockpiles in the US.
2021-07-28
Category: India, Maharashtra,Business/Economy
No revision in fuel prices for 11th consecutive day
New Delhi, July 28 (IANS) The oil marketing companies (OMC) continued to pause fuel price revision for the eleventh consecutive day, the longest period in weeks, as global development on oil production and rising US inventories has softened crude and product prices.
2021-07-28
Category: India, Delhi,Business/Economy
Agriculture & construction equipment makers call for action on fake product trading
New Delhi, July 28 (IANS) According to a FICCI Cascade report the Indian economy loses Rs 1.17 lakh crore due to smuggling & counterfeiting in five prominent sectors including Capital Goods (Machinery and Parts) and Consumer (Electronics) Durables. The goods sales from counterfeiting is expected to double up globally to Rs 119.7 lakh crore by 2022. India has been no exception to the menace.
2021-07-28
Category: India, Delhi,Business/Economy,Crime/Disaster/Accident
AI technologies set to rewrite the future of real estate sector
New Delhi, July 28 (IANS) Technology-enabled real estate development is rewriting the future of the sector which has faced a huge downturn during the pandemic but is gradually showing slow but sure signs of recovery, leading industry experts said on Wednesday.
2021-07-28
Category: India, Delhi,Business/Economy,Technology,Human Interest/Society
Sensex loses 400 points, Nifty below 15,650
Mumbai, July 28 (IANS) The Indian stock market traded in the red on Wednesday morning tracking weakness in global markets.
2021-07-28
Category: India, Maharashtra,Business/Economy
Google Search, YouTube sales soar to record high in pandemic
San Francisco, July 28 (IANS) Riding on Search and YouTube advertising growth amid the pandemic, Google has posted a record $61.88 billion in revenue for its June quarter.
2021-07-28
Category: International, Costa Rica,Business/Economy,Technology
Apple posts record growth in India in June quarter, says Tim Cook
New Delhi, July 28 (IANS) Riding on the stellar performance for its entire line-up of products, Apple has recorded an incredible growth in India in the June quarter, its CEO Tim Cook has said, setting another record revenue in a country where iPhones and other Apple products fast gained momentum despite the country being hit by the second Covid wave.
2021-07-28
Category: India, Delhi,Business/Economy,Technology
Sugarcane output per hectare rises in UP
Lucknow, July 28 (IANS) Uttar Pradesh has scored another high with the sugarcane cultivation.
2021-07-28
Category: India, Uttar Pradesh,National,Business/Economy,Politics
Microsoft posts $46.2 bn revenue riding on Azure Cloud growth
San Francisco, July 28 (IANS) Riding once again on the stronger-than-expected Azure Cloud growth, Microsoft has posted a healthy revenue of $46.2 billion, up 21 per cent, with $16.5 billion in net income that rose 47 per cent in the June quarter.
2021-07-28
Category: International, Costa Rica,Business/Economy,Technology
Apple logs record growth in India in June quarter: Tim Cook
New Delhi, July 28 (IANS) Apple has seen an incredible growth in India in the June quarter despite being hit by the Covid second wave, its CEO Time Cook has said, setting another record revenue in a country where iPhones and other Apple products are fast gaining ground.
2021-07-28
Category: India, Delhi,Business/Economy,Technology
Groupe ADP, GMR execute industrial partnership
New Delhi, July 28 (IANS) Groupe ADP and GMR on Tuesday said they have executed their industrial partnership.
2021-07-28
Category: India, Delhi,Business/Economy
IFFCO Kisan registers 30% jump in cattle feed business in Q1FY22
New Delhi, July 27 (IANS) The IFFCO Kisan Sanchar Ltd, a subsidiary of IFFCO, has registered good performance in its cattle feed business during the first quarter of the current financial year (2021-22).
2021-07-27
Category: India, Delhi,Business/Economy
NPAs decline marginally in FY21 to Rs 8.34 lakh cr
Mumbai, July 27 (IANS) Non-performing assets (NPAs) of the scheduled commercial banks declined marginally to Rs 8.34 lakh crore as on March 31, 2021, Parliament was informed on Tuesday.
2021-07-27
Category: India, Maharashtra,Business/Economy
India sees VC investment fly through the roof during pandemic peak
New Delhi, July 27 (IANS) The second and more deadly wave of the Covid-19 pandemic seems to have provided no deterrent for investors as venture capital (VC) investment in the April-June period in India soared past the previous record high set in Q4 (October-December) of 2019.
2021-07-27
Category: India, Delhi,Business/Economy
IL&FS invites EoI for subsidiary Ramagiri Renewable Energy
New Delhi, July 27 (IANS) IL&FS has invited Expressions of Interest (EoI) for its stake in its subsidiary Ramagiri Renewable Energy Ltd (RREL).
2021-07-27
Category: India, Delhi,Business/Economy
Global cues, pharma sector woes pull markets down (Roundup)
Mumbai, July 27 (IANS) Negative global cues emanating out of Asian markets subdued India's key equity indices on Tuesday.
2021-07-27
Category: India, Maharashtra,Business/Economy
IndusInd Bank YoY Q1FY22 consolidated net profit up 99%
Mumbai, July 27 (IANS) Private lender IndusInd Bank on Tuesday reported a rise of 99 per cent, on a year-on-year basis, in its consolidated net profit for the first quarter (Q1) of 2021-22.
2021-07-27
Category: India, Maharashtra,Business/Economy
IndiGo's Q1FY22 net loss widens to Rs 3,174.2 cr on Covid
New Delhi, July 27 (IANS) Airline major IndiGo's net loss widened on a year-on-year basis in Q1FY22, growing to Rs 3,174.2 crore from Rs 2,844.3 crore in the year-ago quarter.
2021-07-27
Category: India, Delhi,Business/Economy
Co-working, co-living sectors buck pandemic to emerge as new asset class
New Delhi, July 27 (IANS) The Covid-19 pandemic has changed the way we live and work, towards a new normal lifestyle, which has created vast opportunities for shared spaces in terms of co-working and co-living as an emerging asset class for futuristic growth in the real estate sector.
2021-07-27
Category: India, Delhi,Business/Economy
Canara Bank net profit triples as provisions fall
Mumbai, July 27 (IANS) Public sector lender Canara Bank on Tuesday reported net profit of Rs 1,177 crore for the June quarter, a 190 per cent rise over Rs 406 crore last year, helped by higher non-interest income and a fall in provisions for bad loans.
2021-07-27
Category: India, Maharashtra,Business/Economy
Daimler India vaccinates truck drivers of all brands
Chennai, July 27 (IANS) Truck and bus maker Daimler India Commercial Vehicles (DICV) on Tuesday said it has begun free vaccination for truck drivers of all brands at its Oragadam plant near here.
2021-07-27
Category: India, Tamil Nadu,Business/Economy,Health/Medicine
Centre confirms French order to freeze Indian assets in Cairn matter
New Delhi, July 27 (IANS) The government has confirmed that a French court has directed the freezing of certain properties of the Indian government in the matter pertaining to the Cairn arbitration award.
2021-07-27
Category: India, Delhi,Business/Economy,Politics
'Mediation the best solution': SC on Kirloskar family feud
New Delhi, July 27 (IANS) The Supreme Court on Tuesday said "mediation is the best solution" while hearing a plea by Kirloskar Brothers Ltd CMD Sanjay Kirloskar challenging a Bombay High Court order for resolution through arbitration in a dispute over the deed of family settlement, in connection with the assets of 133-year-old corporate group.
2021-07-27
Category: India, Delhi,National,Immigration/Law/Rights,Business/Economy
IMF cuts India growth to 9.5% due to Covid Delta, but it retains top spot
United Nations, July 27 (IANS) The Delta variant-spurred Covid-19 second wave has shaved off 3 per cent from the International Monetary Fund's (IMF) previous projection for India's economic growth for fiscal year 2021-22, pegging it now at 9.5 per cent, but the country still remains the world's fastest-growing large economy.
2021-07-27
Category: International, United States,Business/Economy
Public sector banks have Rs 16,597 cr of unclaimed deposits
New Delhi, July 27 (IANS) State-run banks have unclaimed deposits worth Rs 16,596.90 crore, the Parliament was informed on Tuesday.
2021-07-27
Category: India, Delhi,National,Business/Economy
German envoy shows interest in investing in Punjab
Chandigarh, July 27 (IANS) Punjab Chief Minister Amarinder Singh has extended his government's full support to German Ambassador to India, Walter J. Lindner, who evinced keen interest in investing in the key sectors of mobility, engineering, pharmaceuticals, chemicals and renewable energy in the state.
2021-07-27
Category: India, Punjab,Business/Economy,Diplomacy,Politics
Vedanta to invest Rs 6.6K cr on Balco expansion
New Delhi, July 27 (IANS) Oil and gas and metals company Vedanta plans major expansion at Bharat Aluminium Company's (Balco) smelter capacity which will involve an investment of Rs 6,611 crore over the next 18-24 months.
2021-07-27
Category: India, Delhi,Business/Economy
Andhra to set up 2 multi-modal logistics parks
Amaravati, July 27 (IANS) Andhra Pradesh Industries Minister Mekapati Goutham Reddy on Tuesday said, two multi-modal logistics parks will be set up in the state.
2021-07-27
Category: India, Andhra Pradesh,Business/Economy
With rooms, restaurants empty, hoteliers hope guests will check-in from Sept
Chennai, July 27 (IANS) With feeder markets like Maharashtra for domestic travellers and overseas for international travellers not feeding them, star hotels in the city continue to have empty rooms despite Covid-19 relaxations, industry officials said.
2021-07-27
Category: India, Tamil Nadu,Business/Economy
Skylo and FISHCOPFED team up to improve fishermen safety, increase catch
New Delhi/Bengaluru, 27 July (IANS) Skylo, the world's first and most affordable end-to-end narrowband IoT solution, and India's National Federation of Fishers Cooperatives Ltd (FISHCOPFED), the apex institution of the Indian Fisheries Cooperative Movement, have partnered to deliver Skylo's IoT-based solutions to marine fishing and aquaculture sectors, including monitoring oxygen and pH levels of water in ponds across the states (aquaculture and inland fisheries) and enhancing fish yields and profitability for the fish farmers.
2021-07-27
Category: India, Delhi,Business/Economy
Flipkart Pay Later targeting 2X growth over next six months
Bengaluru, July 27 (IANS) Homegrown e-commerce marketplace Flipkart India plans major expansion of its Flipkart Pay Later credit offering, riding on the phenomenal growth of micro credit services in the country brought about by a fintech revolution.
2021-07-27
Category: India, Karnataka,Business/Economy
HMIL invests over $4 bn in last 25 yrs
New Delhi, July 27 (IANS) Automobile manufacturer Hyundai Motor India Ltd on Tuesday said it has invested over $4 billion in India in the last 25 years.
2021-07-27
Category: India, Delhi,Business/Economy
HMIL invested over $4 bn in last 25 years
New Delhi, July 27 (IANS) Automobile manufacturer Hyundai Motor India has invested over $4 billion in India in the last 25 years.
2021-07-27
Category: India, Delhi,Business/Economy
50% of BSES' power portfolio to turn green by 2024
New Delhi, July 27 (IANS) Reliance Infrastructure-led BSES, which has been championing the cause of sustainability, is set to turn around 50 per cent or 3,300 MW of its power portfolio green by 2024, sources said.
2021-07-27
Category: India, Delhi,Business/Economy,Environment/Wildlife
Tata Motors rolls out 10K units of all new Safari
Mumbai, July 27 (IANS) Automobile major Tata Motors on Tuesday rolled out the 10,000th unit of the all new Safari from its manufacturing facility in Pune.
2021-07-27
Category: India, Maharashtra,Business/Economy
Capacity, fare regulations slowing India's aviation sector recovery: IATA
New Delhi, July 27 (IANS) Centres regulations on capacity utilisation as well as fare caps on domestic aviation sector is slowing down the industrys recovery, global airlines' association IATA said on Tuesday.
2021-07-27
Category: India, Delhi,Business/Economy
Sensex sheds early gains amid global selloff, healthcare stocks plunge (Ld)
Mumbai, July 27 (IANS) The Indian stock market reversed all its gains made earlier in the day amid a global selloff.
2021-07-27
Category: India, Maharashtra,Business/Economy
Haryana CM inaugurates Hyundai Motors India headquarters in Gurugram
Gurugram, July 27 (IANS) Haryana Chief Minister Manohar Lal Khattar on Tuesday inaugurated South Korean automobile major Hyundai Motors' India headquarters in Gurugram.
2021-07-27
Category: India, Haryana,National,Business/Economy
Adani Ports & SEZ 1st Indian infra firm to raise 20-year's money from markets
Ahmedabad, July 27 (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ), the transport and logistics arm of the diversified Adani portfolio, had successfully priced a $750 million senior unsecured dollar notes issuance with 20 years and 10.5 years tranches at a fixed coupon of 5.0 per cent and 3.8 per cent respectively.
2021-07-27
Category: India, Gujarat,Business/Economy
Fuel prices could have reduced by Rs 1 but for OMCs' reluctance
New Delhi, July 27 (IANS) The reluctance of oil marketing companies to make a downward revision of fuel prices in line with softening of global oil and product prices over past fortnight has prevented consumers from getting at least Rs 1 per litre relief on prevailing retail prices on petrol and diesel.
2021-07-27
Category: India, Delhi,Business/Economy
FMCG revenue growth seen doubling to 10-12% this fiscal: Crisil
New Delhi, July 27 (IANS) Revenue growth of the fast-moving consumer goods (FMCG) sector will double from 5-6 per cent reported for last fiscal to 10-12 per cent in 2021-22, said Crisil Ratings.
2021-07-27
Category: India, Delhi,Business/Economy
Tata Communications launches IZOTM Financial Cloud platform in India
Mumbai, July 27 (IANS) Tata Communications, a global digital ecosystem enabler on Tuesday announced the launch of 'IZOTM Financial Cloud, a purpose-built community cloud platform, enabling next-gen digital transformation, customised to meet the stringent data privacy and protection compliance and security guidelines defined by Indias regulators for the Banking, Financial Services and Insurance (BFSI) sector.
2021-07-27
Category: India, Maharashtra,Business/Economy
No revision in petrol, diesel prices for 10 consecutive days
New Delhi, July 27 (IANS) Oil marketing companies (OMC) continued to pause fuel price revision for the tenth consecutive day, the longest period in weeks, as global development on oil production and rising US inventories has softened crude and product prices.
2021-07-27
Category: India, Delhi,Business/Economy
Equity indices in green, metal stocks surge
Mumbai, July 27 (IANS) The key Indian equity indices traded on a positive note on Tuesday morning with the BSE Sensex gaining over 120 points.
2021-07-27
Category: India, Maharashtra,Business/Economy
Cashify acquires UniShop to empower Indian mobile retailers
New Delhi, July 27 (IANS) Re-commerce marketplace Cashify on Tuesday said it has acquired UniShop, an omnichannel retail solution platform, for an undisclosed sum. The new service line will be rebranded as PhoneShop to empower mobile retailers across the country.
2021-07-27
Category: India, Delhi,Business/Economy,Technology
L&T's Q1FY22 consolidated net profit rise over 280%
Mumbai, July 26 (IANS) Industrial conglomerate Larsen and Toubro (L&T) on Monday reported a rise of 287 per cent increase in its consolidated net profit for the quarter ended June 30 of financial year 2021-22.
2021-07-26
Category: India, Maharashtra,Business/Economy
Wheat procurement at all time high, paddy procurement on
New Delhi, July 26 (IANS) Hitting an all-time high, 433.32 lakh metric tonnes (LMT) of wheat has been procured from most of the wheat procuring states after conclusion of current marketing season RMS 2021-22, against the 389.92 LMT procured in RMS 2020-21, an official statement said on Monday.
2021-07-26
Category: India, Delhi,Business/Economy
Vedanta's consolidated Q1FY22 net profit zooms to Rs 4,280 cr
New Delhi, July 26 (IANS) Natural resources company Vedanta's consolidated net profit for the quarter ended June 30 of the current financial year (2021-22) rose exponentially on a year-on-year basis.
2021-07-26
Category: India, Delhi,Business/Economy
Tata Motors' consolidated net loss narrows to Rs 4,450.12 cr
New Delhi, July 26 (IANS) Automobile major Tata Motors' consolidated net loss narrowed, on a year-on-year basis, to Rs 4,450.12 crore in Q1FY22.
2021-07-26
Category: India, Delhi,Business/Economy
Govt to sell 8% stake in HUDCO via OFS on July 27-28
New Delhi, July 26 (IANS) The Centre will sell up to 8 per cent shares in Housing & Urban Development Corporation Ltd (HUDCO) through offer for sale (OFS) on Tuesday and Wednesday.
2021-07-26
Category: India, Delhi,Business/Economy