Centre lifts minimum price limit on onion export
New Delhi: The Centre has removed the minimum price limit for onion export to boost the earnings of Indian farmers and push exports.
Finance
Maruti Suzuki and Mahindra lead passenger vehicle segment, Bajaj Auto Dominates two-wheeler sales: SIAM Report
New Delhi: Maruti Suzuki India Ltd maintained its lead, with production rising to 1,65,782 units in August 2024 and cumulative production reaching 8,35,842 units from April to August, according to a SIAM report.
Mahindra & Mahindra Financial Services to enter mortgage business
Mumbai: Mahindra & Mahindra Financial Services is all set to enter the mortgage business with its board greenlighting the new venture, media reports said.
Passenger Vehicle sales rise 1.6%; two-wheeler sales up 9.3% in Aug: SIAM report
New Delhi: The automobile sector showed mixed growth pattern across various segments of the automotive sector in India, according to the August 2024 report releasedby Society of Indian Automobile Manufacturers (SIAM).
TCS India employees receive tax demand notices from IT dept, company asks them to wait
Mumbai/IBNS: Employees of Indian multinational information technology (IT) company, Tata Consultancy Services (TCS), have recently received income-tax demands ranging from Rs 50,000 to Rs 1.45 lakh, The Economic Times reported, citing its sources familiar with the matter.
Adani Group ‘unequivocally rejects and denies’ Swiss media report saying authorities froze over $310 million in funds
Ahmedabad/IBNS: Indian multinational conglomerate Adani Group has dismissed and denied "baseless allegations" regarding reports of funds being frozen in Swiss bank accounts.
Ford confirms India re-entry plans, Chennai plant to reopen after 2 years
Bengaluru/IBNS: American multinational automobile manufacturer Ford Motor on Friday (Sept. 13) announced plans to restart a manufacturing facility in Tamil Nadu, potentially re-entering the Indian market it exited three years ago, according to a report by Reuters.
Inflation has moderated but we still have a ‘distance to cover’: RBI Governor signals no policy change
Singapore/IBNS: Even as consumer price index (CPI) inflation has softened to the 2-6 percent tolerance band, there is still a ‘distance to cover’, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday (Sept. 13), signaling the central bank is in no hurry to cut interest rates despite the inflation dip in the world’s fastest-growing major economy.
August retail inflation at 3.65%, below RBI's 4% target
New Delhi: India’s retail inflation rose to 3.65% on an annual basis, up from a five-year low of 3.54%, according to government data released on Thursday.
India's retail inflation eases to 3.65 pct in August in comparison to 6.83 pct registered a year ago
India's retail inflation in August touched 3.65 percent as compared to 6.83 percent which was recorded during the same period last year.
Tata Power Renewable Energy, Tata Motors sign MoU to set up 200 fast-charging stations for electric commercial vehicles
Tata Power EV Charging Solutions Limited, a EV Charging solutions providers and a subsidiary of Tata Power Renewable Energy Limited (a subsidiary of Tata Power), on Thursday announced the signing of a Memorandum of Understanding (MoU) with Tata Motors Limited (Tata Motors) to set up 200 fast-charging stations for electric commercial vehicles (CV) in all metros cities in India inluding Kolkata and Mumbai.
Durga Puja: Bangladesh interim government directs Hindu community members to avoid playing musical instruments during azan, namaz
Bangladesh's interim government has directed Hindu community members to avoid playing musical instruments during the upcoming Durga Puja celebrations at the time of azan and namaz.
Rapido inaugurates new office in Bengaluru
Ride-hailing platform Rapido has inaugurated its new 40,554 sq. ft. corporate head-office in Bellandur (Bengaluru).
HDFC Bank negotiates with global lenders to offload $1 billion in loans
Mumbai/IBNS: India's largest private sector lender, HDFC Bank, is negotiating with major global banks to offload loans totaling up to Rs 8,400 crore ($1 billion) as part of its strategy to reduce the size of its credit portfolio and improve its credit-to-deposit ratio, reports Bloomberg, citing its sources.
PwC US to fire 1800 jobs in first restructuring measure in 15 years
Multinational professional service brand PricewaterhouseCoopers’s U.S. unit will lay off about 1,800 workers, media reports said.
YES Bank's stake sale stalled due to RBI's concerns over majority foreign bank ownership
Mumbai/IBNS: The stake sale of Indian private sector bank YES Bank is currently stalled as the Reserve Bank of India (RBI) is hesitant about allowing majority foreign bank ownership, reports Moneycontrol, citing sources familiar with the matter.
SEBI mulls new regulations to curb risks amid surge in small IPOs
Mumbai/IBNS: The Securities and Exchange Board of India (SEBI), the regulatory body for securities and commodity market in the country, is contemplating stricter oversight for micro-cap firms going public, which includes enhanced monitoring of how their funds are used and tougher due diligence requirements for merchant bankers, the Economic Times reported, citing a source involved in the discussions who requested anonymity due to the confidential and sensitive nature of the information.
Paytm to focus on core business, deliver profitability soon: CEO Vijay Shekhar Sharma at AGM
New Delhi/IBNS: Vijay Shekhar Sharma, the founder and chief executive officer (CEO) of Paytm, on Thursday (Sept. 12) said the fintech company will focus on its core business of payments and cross-selling financial services as it works to achieve "profitability soon".
Union Cabinet approves fourth phase of Pradhan Mantri Gram Sadak Yojana with Rs 70,125 cr outlay to construct all-weather roads
New Delhi: Union Cabinet approved the fourth phase of the Pradhan Mantri Gram Sadak Yojana (PMGSY) on Wednesday which will be implemented from 2024-25 to 2028-29, with a budget allocation of Rs 70,125 crore.
Union Cabinet approves PM E-Drive Scheme with Rs 10,900 cr budget
New Delhi: The Union Cabinet has approved the PM E-Drive Scheme with a budget of Rs 10,900 crore over two years to promote the adoption of electric vehicles (EVs) in India.
Microsoft India buys plot in Pune's Hinjawadi for Rs 520 cr
Pune: Microsoft Corporation (India) Pvt Ltd, the Indian arm of the software giant, has acquired a 16.4-acre land parcel in Pune's tech-centric Hinjawadi suburb for approximately Rs 520 crore, according to documents reviewed by Square Yards, media reports said.
India extends countervailing duty on welded stainless steel pipes and tubes from China and Vietnam
New Delhi: The Indian government has extended the countervailing duty on imports of welded stainless steel pipes and tubes from China and Vietnam for another five years, media reports said, citing a Union Finance Ministry order on Wednesday.
Semicon India 2024: PM Modi aims for India’s electronics sector to reach $500 billion by 2030
Noida (UP): Prime Minister Narendra Modi has set a target of expanding India's electronics sector to $500 billion by the end of the decade.
'Time for action is here and now': PM Modi says India aims to be a global hub for Green Hydrogen production
Noida: Prime Minister Narendra Modi stated on Wednesday that India aims to become a global hub for producing, using, and exporting green hydrogen.
Uber launches premium 'black' service in India
India's leading ride-sharing app Uber has announced the launch of its upscale Uber Black category.
Strike hits Samsung production at key electronics plant in Tamil Nadu
Chennai/IBNS: Production at Samsung Electronics' key plant in southern India faced disruptions for the second consecutive day on Tuesday (Sept. 10) due to a strike by hundreds of employees demanding higher wages.
Google, Apple lose multibillion dollar court fights with European Union
Luxembourg/IBNS: Apple Inc. has lost its legal battle over a €13 billion ($14.4 billion) Irish tax bill, while Google has lost its challenge against a €2.4 billion fine for abusing its market power, reports Bloomberg.
Govt plans new policy to link scrapping of vehicles to pollution instead of age: Official
New Delhi/IBNS: A senior official said on Tuesday (Sept. 10) that the government is developing a new vehicle scrappage policy focused on pollution levels rather than the age of the vehicles.
Honda Power Pack Energy India, Bhago Mobility partner for green fleet services in EV segment
Kolkata: Honda Motor's battery sharing service Honda e:Swap has teamed up with sustainable transportation solution provider Bhago Mobility for providing green fleet management services aimed at revolutionizing last-mile delivery solutions for the EV segment.
American defence firm Lockheed Martin to collaborate with Tata Advanced Systems to manufacture C-130J Super Hercules airlifter
New Delhi: Lockheed Martin, a U.S.-based defence company, has partnered with Tata Advanced Systems Ltd to strengthen their collaboration on the C-130J Super Hercules tactical airlifter project, media reports said.