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Business

Reliance Capital Resolution Plan Hits Roadblock As Bidders Upset Over Another Auction Plan

The insolvency process of RCAP has been going on for more than 450 days, which is much longer than the statutory time limit of 330 days

26 March 2023

Crompton Greaves Consumer Electricals And Kitchen Appliance Maker Butterfly Announce Merger

In February 2022 CGCEL had announced the acquisition of 81 per cent stake in Butterfly for Rs 2,076 crore


Sri Lanka-India

High-Level Indian Delegation Discusses Energy Cooperation With Sri Lankan President Wickremesinghe

In January last year, Sri Lanka formally signed an agreement with India to jointly develop the oil tank farms in Trincomalee


 India Infrastructure Finance Company Limited

Measures Taken By IIFCL To Keep Bad Loans Under Check: Parliamentary Panel

According to the Committee on Public Undertakings (COPU) submitted recently in Parliament, measures taken will go a long way in improving and strengthening the functioning of IIFCL

26 March 2023

Vinay Dube, Founder, MD and CEO, Akasa Air

Akasa Wants To Be Nimble, Efficient Rather Than Have A Label: CEO Vinay Dube

Currently, the airline has more than 2,000 employees and the number is expected to cross 3,000 by the end of March 2024


Only 15% Insolvency Cases Reach Resolution During October-December 2022; Recover 27% Of Claimed Amount

On quarter-on-quarter basis, the second quarter of FY23 saw 256 cases in NCLTs (National Company Law Tribunals), massively down from the yearly run-rate of 2,000 cases in FY20

26 March 2023

ISRO LVM3 Completes Oneweb's 618 Satellite Constellation For Global Space-Based Internet

The company plans to launch services in India later this year, subject to regulatory approvals and has already acquired the GMPCS (global mobile personal communications by satellite services) permit from the Department of...

26 March 2023

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Majority Of Private Companies Do Not Have Adequate Risk Management Function, Says Study

According to the survey titled 'State of Corporate Governance in India, 2023', about 67 per cent of closely held companies and 38 per cent of public companies were found to have inadequate practices for risk management

26 March 2023

26 March 2023
RBI May Go In For 25 Basis Point Interest Rate Hike In Monetary Policy Meet Next Month, Say Experts

RBI May Go In For 25 Basis Point Interest Rate Hike In Monetary Policy Meet Next Month, Say Experts

The Monetary Policy Committee (MPC) of the Reserve Bank will be meeting for three days on April 3, 5 and 6 to take into account various domestic and global...


26 March 2023
Indian Delegation Calls On Sri Lankan President Wickremesinghe

Indian Delegation Calls On Sri Lankan President Wickremesinghe

Sri Lanka and India run a joint venture storing fuel in the World War II time storage tanks in Trincomalee


26 March 2023
Lexus India Looks To Expand Customer Base To De-Risk Business; Expand Sales Infrastructure

Lexus India Looks To Expand Customer Base To De-Risk Business; Expand Sales Infrastructure

Lexus India had reported a 76 per cent growth in sales in 2022 over 2021


26 March 2023
Manohar Lal Khattar Calls Upon Farmers To Join Farmers Producer Organizations

Manohar Lal Khattar Calls Upon Farmers To Join Farmers Producer Organizations

Khattar said Prime Minister Narendra Modi had envisioned about FPOs in February 2020 with the objective of increasing the income of farmers by providing them...


26 March 2023
Markets To Track Global Factors In Holiday-Shortened Week; May Face Volatility: Analysts

Markets To Track Global Factors In Holiday-Shortened Week; May Face Volatility: Analysts

Last week, the BSE benchmark fell 462.8 points or 0.79 per cent, while the Nifty slipped 155 points or 0.90 per cent


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26 March 2023
Soft Drinks To Soaps, Reliance Unveils Big Price War Plan

Soft Drinks To Soaps, Reliance Unveils Big Price War Plan

Products of RCPL, the FMCG arm and wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL), are available only in selected markets but the company...


26 March 2023
India's Digital Public Infrastructure A Story Worth Showcasing, Offers Opportunity For Tech Industry: Cisco India President

India's Digital Public Infrastructure A Story Worth Showcasing, Offers Opportunity For Tech Industry: Cisco India President

The Cisco India top honcho also pointed to CoWIN (the digital backbone of COVID-19 vaccination programme) and India's digital health ID mission to highlight...


26 March 2023
Export Benefits Under RoDTEP Extended To Certain Textile Items

Export Benefits Under RoDTEP Extended To Certain Textile Items

Under the RoDTEP, various central and state duties, taxes, and levies imposed on input products, among others, will be refunded to exporters


26 March 2023
Housing Sales Up 14% Annually In Jan-Mar To 1.13 Lakh Units Across Top 7 Cities: Anarock

Housing Sales Up 14% Annually In Jan-Mar To 1.13 Lakh Units Across Top 7 Cities: Anarock

According to the data compiled by Anarock, housing sales are estimated at 1,13,770 units in January-March, up 14 per cent from 99,550 units in the year-ago...


26 March 2023
Zydus Recalls Over 55k Bottles Of Generic Drug In US

Zydus Recalls Over 55k Bottles Of Generic Drug In US

The affected lot is manufactured by Ahmedabad-based Zydus Lifesciences and marketed in the US by New Jersey-based Zydus Pharmaceuticals (USA) Inc


26 March 2023
Government Hikes Duty On X-Ray Machine Imports To 15% From April 1

Government Hikes Duty On X-Ray Machine Imports To 15% From April 1

The new rates would be effective from April 1, 2023, the amendment said. AMRG & Associates Senior Partner Rajat Mohan said this is intended to improve barriers...


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26 March 2023
Five Of Top 10-Firms Lose Rs 86,447 Crore In M-Cap; Infosys, TCS, SBI Hit Hard

Five Of Top 10-Firms Lose Rs 86,447 Crore In M-Cap; Infosys, TCS, SBI Hit Hard

Reliance Industries continued to rule the top 10 most valued firms chart followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, HDFC, State...


26 March 2023
Government Caps Maximum GST Cess Rate On Pan Masala, Tobacco; Links Rate To Retail Sale Price

Government Caps Maximum GST Cess Rate On Pan Masala, Tobacco; Links Rate To Retail Sale Price

The rate for tobacco has been fixed at Rs 4,170 per thousand sticks plus 290 per cent ad valorem or 100 per cent of the retail sale price per unit


26 March 2023
Railways Order For Supply Of Seats, Interior Panels For Vande Bharat; Not Coaches: Tata Steel

Railways Order For Supply Of Seats, Interior Panels For Vande Bharat; Not Coaches: Tata Steel

The company will supply the composite solutions from its partner manufacturing facilities spread across India to Integral Coach Factory (ICF), Chennai


26 March 2023
Unseasonal Rain Slows AC Sales Momentum, Manufacturers Expect Sales Pick-Up From April

Unseasonal Rain Slows AC Sales Momentum, Manufacturers Expect Sales Pick-Up From April

Overall the AC industry, which had record sales of around 8.25 million units in 2022, expects to continue its double-digit growth journey this season also led...


26 March 2023
FPIs Invest Rs 7,200 Crore In Indian Equities In March So Far

FPIs Invest Rs 7,200 Crore In Indian Equities In March So Far

According to the data with the depositories, foreign portfolio investors (FPIs) invested Rs 7,233 crore in Indian equities till March 25


26 March 2023
Cabinet To Consider Price Caps On Gas To Stave Off Rates Rising To $10.7 Per mmBtu

Cabinet To Consider Price Caps On Gas To Stave Off Rates Rising To $10.7 Per mmBtu

Rates of CNG and piped gas for kitchens have already jumped 70 per cent because of previous gas price hike and would climb further, if April 1 rate revision...


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