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Showing posts from January, 2022

Budget 2022: LIC IPO to be launched soon, says FM Nirmala Sitharaman in her budget speech

Finnace Minister Nirmala Sitharaman today said that the Initial Pubic Offering of Life Inusrance Corporation  of India (LIC) will likley be soon the Finance Minsiter Nirmala Sithraman today said while announcing the Uion Budget 2022.  from Zee Business: India Markets News https://ift.tt/SPRTci6Lg

India's factory growth slowed to 4-month low in January

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The Manufacturing Purchasing Managers' Index, compiled and collected by IHS Markit from Jan. 12-25, fell to 54.0 in January from December's 55.5. "The latest PMI results indicated that the new wave of Covid-19 had a mild impact on the performance of the Indian manufacturing sector," Pollyanna De Lima, economics associate director at IHS Markit, said in a release. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EcDtjyLSQ

Budget likely to spur spending to support economic growth

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GST mop-up tops ₹1.38L crore in Jan, nears April record

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Tatas' ₹12k cr bid bags PSU steel co Neelachal

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Sensex rallies on growth forecast

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Need capex to boost growth, private sector investment: Survey

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Legal experts split over crypto regulation

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MF body asks fund houses to freeze foreign investments

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Air India moves US court to prevent Devas demand for recovery of $1.2 billion arbitration awards

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Budget session from today with reduced legislative time

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The government and the MPs will get a total of only 79.5 hours, around 60% of the scheduled sitting hours, for pursuing their legislative agenda and raising issues of immediate public concern in the Rajya Sabha during the first half of the Budget session that commences on Monday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5fVe084dj

Niti prods railways to create infrastructure for electric vehicles at stations

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Niti Aayog has suggested that railways should designate at least 20% of the parking capacity at railway stations or office complex for setting up electric vehicle charging bays or battery charging and swapping stations, and also install at least one EV charging point at each targeted manned level crossing and railway colony. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lpfBbZ3nU

How alternative financing is empowering small businesses’ growth

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In 10 charts: State of Indian economy ahead of Union Budget 2022

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Action-packed week for equity market: Budget, macro data, earnings eyed

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It will be an action-packed week for the equity market as a host of crucial events are lined up with the Union Budget hogging the limelight along with macroeconomic data announcements, quarterly earnings and global trends, analysts said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/A7Ny6JBpb

Budget may unveil more semi-high-speed trains

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Besides significant increase in budgetary allocation, the government is also likely to announce the introduction of more semi-high-speed trains that can run at 180-200 kmph on Golden Quadrilateral (GQ) routes in the Union Budget that will be presented on Tuesday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3jqFmJyMi

Impact of pandemic? Women jobseekers fell by 34% in 2021

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Not only have more women lost jobs compared to men during the pandemic, but also fewer women are returning to work. The number of women actively looking for work each month reduced by three million between 2019 and 2021, says the latest bulletin from Centre for Monitoring Indian Economy (CMIE) and Centre for Economic Data and Analysis (CEDA). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/stuvPLiFk

IndusInd Bank Q3 profit rises 36% to Rs 1,161 crore

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BharatPe ropes in agency for independent audit

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Conventional, new eco engines are firing pvt sector, says Birla

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The coming decade will see an upsurge in capital expenditure across many sectors, Aditya Birla Group chairman Kumar Mangalam Birla said in a post on his reflections of the last two years. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3ILt9J1

Air India selloff needed for nation’s good: Scindia

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Easy money approach has served us well: RBI

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The RBI has said that India is on course to rank among the world’s fastest growing economies, but there is some distance to go. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/34k4uw7

After Jio deal, Google to invest $1 billion in Airtel now

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Sunil Mittal’s Airtel secured a $1 billion ‘strategic funding’ from Google as the American tech giant widened its investment spread in India beyond the $4.5 billion (Rs 33,737 crore) deal it had signed up with Mukesh Ambani’s Reliance Jio in July 2020. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3g6H8gd

Air India takes off on long haul to revival

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Air India flights started operating under the Tata banner from Friday after nearly seven decades. Getting the most suitable buyer means the debt-laden airline has avoided a shutdown like Kingfisher or Jet Airways. But what does it mean for passengers? from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3ADigGs

Govt to permit retrofitting of CNG kit in petrol cars soon

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from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3IQ48N1

Chandrasekaran likely to chair new Air India board

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A new Air India (AI) board led by Tata Group chairman N Chandrasekaran will be formed soon even as several group executives from TCS, AirAsia India and Tata Steel are expected to move to the ailing carrier to revive operations. Chandrasekaran, who is awaiting security clearance from the Centre to lead the Air India board, will bring in an expat CEO to pilot the carrier. This will be his second expat CEO hire after German citizen Puneet Chhatwal for Taj hotels. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3rZGwyq

ArcelorMittal set to invest Rs 1.7 lakh crore in Gujarat

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Covid impact: No ‘halwa’ ceremony before Budget

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Sensex tanks 581 points as Federal Reserve signals rate hike

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A statement by Jerome Powell, chairman of the US central bank, the Federal Reserve, roiled markets around the world after he clearly indicated on Wednesday evening that the Fed would hike rates in March, ending a nearly two-year old market support programme through near-zero interest rate and buying of bonds from markets. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/33XG2B4

‘This is your Captain... Welcome to Air India’s future’

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Air India’s Maharaja opened his eyes to a whole new world on Thursday, with the Tata Group reacquiring its old airline along with AI Express and a 50% stake in ground handler AI-SATS. Pilots on all AI flights of Friday will greet guests with the line, “This is your Captain speaking... Welcome to the future of Air India”. And Tata Sons chairman Natarajan Chandrasekaran promised employees of the airline that “the golden age lies ahead”. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3KPp7RB

Oil companies in Rs 3,000cr AI push to map retail expansion, check foul

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Tesla reports record profit, sees more supply chain woes in 2022

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The electric carmaker, which scored an 87 percent jump in auto deliveries last year in spite of the global semiconductor shortage, reported a 71 percent rise in revenues to $53.8 billion. Tesla has been ramping up production at factories in California and Shanghai, while also building new facilities in Germany and Texas. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3IXaHgT

Budget may provide booster dose to meet climate goals

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TCS No. 2 in global IT services brand value: Report

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Older-gen chips deepen crisis for auto makers

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Budget may announce R&D sops for pharma

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With the coronavirus pandemic stressing the need for innovation more than ever before, there is renewed hope within the pharma sector of a R&D policy being finally announced in the budget this year. Over the last few months, there have been discussions between the department of pharma and industry bodies over R&D incentives, with the government readying a draft on the issue. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3GWQebm

Digital fitness & home workouts gain traction amid rising Omicron cases

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Tatas to get Air India today, ready with makeover plan

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Sixty-nine years after it was nationalised, Air India is all set to return to founder Tata Group on Thursday. The legal documentation for this big-ticket transfer is complete, except for a mandatory no objection from Ireland-based lessors of some aircraft that is expected by late Wednesday night. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3IDI7AO

Airtel may onboard strategic investor

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Telecom operator Bharti Airtel is looking to onboard a strategic investor through allocation of preferential equity shares, which is scheduled to be discussed at its board meeting on January 28, according to sources. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3AudBXj

IMF lowers GDP forecast for FY22 to 9% from 9.5%

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Mehta retains top position at HUL as Unilever rejigs business model

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Tata chief, Nadella, Pichai among Padma awardees

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After 5-day losing streak, sensex sees bounceback

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IL&FS wants to distribute cash, InvIT units of Rs 20k crore

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Darwinbox evolves into Hyderabad’s 1st true-blue unicorn

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The year 2022 has got off to a flying start for Hyderabad's startups with Darwinbox, which specialises in developing HR management software for large firms, emerging as the first true blue local player to log into the vaunted unicorn club with a valuation of over $1 billion. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3tSGdZ3

Capital gains tax on ULIP income part of last Budget

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Air India may return to Tatas by next week

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SpiceJet can’t use new contractual employees: Bombay HC

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Roadmap in place for coal supply: Ministry of railways

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Air India to check cabin crew BMI when they report for flights

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Preparing for a makeover as it heads back to founder Tata Group, Air India will now check the body mass index (BMI, basically a ratio of a peron’s weight and height), and overall grooming of its cabin crew members when they report for flights. The airline on January 20, 2022, informed cabin crew of its entire fleet that “grooming associates have been assigned the task of recording observations on BMI management/grooming/uniform turnout”. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/33I07LJ

PM Modi toasts young innovators, Indian CEOs of global majors

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Hailing the important role of youth in nation building, PM Modi on Monday underlined the growing prowess of India in innovation and the start-up sphere as he conveyed the nation’s pride in the fact that some major global companies are being led by young Indian CEOs. “Today we feel proud when we see the youth of India excelling in the world of start-ups. We feel proud when we see that the youth of India are innovating, taking the country forward,” the PM said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3rJbMBH

Indians placed record bets on US stocks in ’21

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Devas shareholders to continue seizing Indian assets abroad

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India's economy has some bright spots, a number of very dark stains: Raghuram Rajan

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The Indian economy has "some bright spots and a number of very dark stains" and the government should target its spending "carefully" so that there are no huge deficits, noted economist and former RBI Governor Raghuram Rajan said on Sunday. Known for his frank views, Rajan also said the government needs to do more to prevent a K-shaped recovery of the economy hit by the coronavirus pandemic. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3rKptjQ