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Business/Economy News and Articles
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Vadilal introduces two new flavours to redefine the summer experience
Mumbai, March 6 (IANS) As the mercury continues to soar, Vadilal Enterprises Ltd has a 'chill' solution to soothe the summer woes with two new exciting flavours in the Gourmet Natural Ice Cream range. Taking the legacy of deliciousness ahead, Vadilal has introduced the flavours Kesar Rasmalai and Falooda, close on the heels of its flagship flavour Gulab Jamun.
2023-03-06
Category: India, Maharashtra,Business/Economy,Cinema/Showbiz,Lifestyle/Fashion
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Bring millets back in your kitchen for healthy living, says Millet Man
Shimla, Sep 20 (IANS) Popularly known as the 'Millet Man of India', Khadar Vali called upon farmers, agriculture scientists and policy makers to promote millets in agriculture to save soil, water, environment and, above all, human health.
2022-09-20
Category: India, Himachal Pradesh,National,Education,Health/Medicine,Human Interest/Society,Business/Economy
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Myntra's mega 'The Big Fashion Festival' announced as India enters festive season
Bengaluru, Sep 7 (IANS) Leading fashion e-commerce platform Myntra on Wednedsay announced the arrival of its 'Big Fashion Festival' (BFF), marking the commencement of the shopping season with over 100 new fashion, beauty and lifestyle launches ahead of the mega event. Over 6 million unique customers are set to shop from the festive fashion event, said the company.
2022-09-07
Category: India, Karnataka,Business/Economy,Lifestyle/Fashion,Technology
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Ranveer Singh makes his first startup investment in SUGAR Cosmetics
New Delhi, Sep 3 (IANS) Bollywood star Ranveer Singh has made his first startup investment in the direct-to-consumer (D2C) brand SUGAR Cosmetics, the company announced on Saturday. It, however, did not divulge the investment figure.
2022-09-03
Category: India, Delhi,Business/Economy,Lifestyle/Fashion
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India on way to become 'Pickle King of the World'
New Delhi, Jan 24 (IANS) India has crossed the $200 million mark of export of agricultural processed product, pickling cucumber, which is globally referred as gherkins or cornichons, in the last financial year, and has emerged as the largest exporter of in the world.
2022-01-24
Category: India, Delhi,Business/Economy
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Ola Electric raises $200 mn to $5 bn valuation
New Delhi, Jan 24 (IANS) Ola Electric on Monday announced it has raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others.
2022-01-24
Category: India, Delhi,Business/Economy
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UP to set up 4 units to manufacture 'Vedic Paint'
Lucknow, Jan 24 (IANS) Units for manufacturing of 'Vedic Paint' will soon be set up in four places in Uttar Pradesh.
2022-01-24
Category: India, Uttar Pradesh,National,Business/Economy
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Zomato shares decline further, down 18% in early trade
New Delhi, Jan 24 (IANS) Shares of online food aggregator Zomato extended its losses from last week and declined 18 per cent in early trade on Monday apparently due to low valuations. Over the past one-month period, Zomato's shares fell nearly 30 per cent.
2022-01-24
Category: India, Delhi,Business/Economy
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Rama Bijapurkar penalised for 'inadvertent trade' after resigning from ICICI Bank board
New Delhi, Jan 24 (IANS) Consumer markets consultant and then independent director, Rama Bijapurkars independent financial adviser purchased 4,900 equity shares of ICICI Bank in her account without prior intimation to her when the trading window was closed on January 5.
2022-01-24
Category: India, Delhi,Business/Economy
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Vodafone Idea shares down over 6% on widening net losses in Q3FY22
New Delhi, Jan 24 (IANS) Shares of telecom service provider Vodafone Idea declined over six per cent on Monday after the company reported about its widening net losses during Q3FY22.
2022-01-24
Category: India, Delhi,Business/Economy
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The need to prioritise a mustard policy
New Delhi, Jan 24 (IANS)
2022-01-24
Category: India, Delhi,Business/Economy,Opinion/Commentary
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Kashmiri Handicrafts set to dazzle German, European markets
New Delhi/Srinagar, Jan 24 (IANS) Jammu and Kashmir is ready to showcase its potential through government initiatives for a necessary boost to the handicrafts sector in the post-pandemic world.
2022-01-24
Category: India, Delhi,Business/Economy
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We are India's 1st telco to build Big Data AI/ML Cloud Advanced Analytics Platform on AWS: Vodafone Idea
New Delhi, Jan 24 (IANS) The Indian telecom industry has been at the heart of the technology driven disruption over the last decade. With over 986 million active wireless subscribers, the industry has an opportunity to also drive transformation for businesses across industries.
2022-01-24
Category: India, Delhi,Business/Economy
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Fiscal Push: Budget FY23 expected to bring-in higher YoY Capex (Budget Watch
New Delhi, Jan 24 (IANS) Indias upcoming Federal Budget is likely to step-up spending in FY23 for maintaining the economic growth momentum.
2022-01-24
Category: India, Delhi,Business/Economy
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Measures to widen tax base could be focus area in Union Budget
New Delhi, Jan 24 (IANS) The decline in the tax-GDP ratio over the years and declining share of direct taxes in total tax revenue, clearly suggest that the Central government should emphasize in the Union Budget 2022-23 on substantially improving the tax revenue, Primus Research said in a note.
2022-01-24
Category: India, Delhi,Business/Economy
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India can reach $300 bn electronic manufacturing by 2026: MeitY-ICEA
New Delhi, Jan 24 (IANS) Indian can reach $300 billion worth of electronics manufacturing and exports by 2025-26 -- nearly four times from the current $67 billion -- if specific product segments with high potential for scale are shortlisted and catered to by way of incentives and policy measures, a new IT Ministry report showed on Monday.
2022-01-24
Category: India, Delhi,Business/Economy,Technology
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BioAsia 2022 to focus on future readiness of life-sciences industry
Hyderabad, Jan 24 (IANS) The 19th edition of BioAsia, Asia's largest biotechnology and life-sciences forum to be held here next month will focus on future readiness of the life-sciences industry.
2022-01-24
Category: India, Charleston,Business/Economy,Politics
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PSU general insurers offer marketing role to office staff
Chennai, Jan 24 (IANS) With their premium income and solvency going southwards apart from suffering underwriting losses, government-owned general insurers have rolled out an incentive scheme for their administrative staff to carry out marketing activity.
2022-01-24
Category: India, Tamil Nadu,Business/Economy
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Swiggy raises $700 mn, becomes 5th Indian decacron
New Delhi, Jan 24 (IANS) Food delivery platform Swiggy on Monday said it has raised $700 million led by Invesco, which will be utilised to scale its overall business along with giving a boost to its quick-commerce grocery service Instamart. At a $10.7 billion valuation, Swiggy has joined the list of Indian decacorns (valued at $10 billion and above).
2022-01-24
Category: India, Delhi,Business/Economy,Technology
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B'luru airport records 'highest-ever' cargo tonnage
Bengaluru, Jan 24 (IANS) The Kempegowda International Airport, Bengaluru (BLR Airport) has recorded its highest-ever cargo tonnage, despite a turbulent pandemic environment.
2022-01-24
Category: India, Karnataka,National,Business/Economy
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Tube Investments to buy electric tractor maker Cellestial for Rs 161 cr
Chennai, Jan 24 (IANS) Diversified products company Tube Investments of India Ltd, a part of the Rs 417 billion Murugappa group, has agreed to acquire electric tractor maker Cellestial E-Mobility Private Ltd for Rs 161 crore.
2022-01-24
Category: India, Tamil Nadu,Business/Economy
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Maha: Stamp duty cut spurs huge property sales in MMR, shows study
Mumbai, Jan. Jan 24 (IANS) The decision taken by the Maharashtra government in September 2020 to slash stamp duty on residential properties from 5 per cent to 2 per cent has given a big boost to property sales in the Mumbai Metropolitan Region (MMR), including luxury and affordable segments, an industry study released on Monday said.
2022-01-24
Category: India, Maharashtra,Business/Economy
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Reliance vs DMRC: SC says where is question of negotiation, compelling for a compromise
New Delhi, Jan 24 (IANS) The Supreme Court on Monday told the Delhi Metro Rail Corporation that where is the question of negotiation when Reliance Infrastructure's subsidiary, Delhi Airport Metro Express Pvt Ltd (DAMEPL), wants its money and also how can it compel a party for compromise when an award is in its favour.
2022-01-24
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
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India's recovery in petroleum product demand to continue: Fitch
Mumbai, Jan 24 (IANS) India's petroleum product demand is expected to remain moderately strong in Q4FY22, as the easing of Covid-19 pandemic-led restrictions boosts economic activity, Fitch Ratings said on Monday.
2022-01-24
Category: India, Maharashtra,Business/Economy
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PTC India, subsidiary's shares fall further as SEBI disallows immediate Board meet
New Delhi, Jan 24 (IANS) Shares of PTC India and PTC India Financial Services continued to decline after past week's losses primarily due to the recent resignation by the latter's three independent directors citing alleged lapses in corporate governance and operations.
2022-01-24
Category: India, Delhi,Business/Economy
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Budget 2022: Big boost to MSMEs expected
New Delhi, Jan 24 (IANS) In the upcoming Budget 2022 which is scheduled to be presented on February 1, a big boost for the Ministry of Micro, Small and Medium Enterprises (MSMEs) sector is expected as the Central government does not want to give any more chance to the Opposition to target it over the issue.
2022-01-24
Category: India, Delhi,Business/Economy
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TDW intervenes to reduce countervailing duties on Indian exports
New Delhi, Jan 24 (IANS) A Countervailing Duty (CVD) administrative review conducted by the US for 2019 against export of polyethylene terephthalate film, sheet, and strip from India led to a preliminary duty of 2.82 per cent imposed as against 11.67 per cent in 2018, and a CVD investigation by the European Commission against export of stainless-steel cold rolled products resulted in imposition of duty margin as low as 0.45 per cent.
2022-01-24
Category: India, Delhi,Business/Economy,Diplomacy
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Budget FY23: Increase in trade infra spending to boost exports
New Delhi, Jan 24 (IANS) An increase in budgetary allocation for creation of trade infra will boost exports, said Crisil Research.
2022-01-24
Category: India, Delhi,Business/Economy
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West Bengal takes market loan for third time this month
Kolkata, Jan 24 (IANS) The precarious financial condition of West Bengal again came to the fore when the state took a loan for the third time in this month, making it evident that it is struggling hard to negotiate the expenses caused by the social schemes launched by Chief Minister Mamata Banerjee.
2022-01-24
Category: India, West Bengal,Business/Economy,Politics
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CCI penalises 4 maritime transport companies for cartelisation
New Delhi, Jan 24 (IANS) The Competition Commission of India (CCI) has passed a final order against four maritime transport companies for indulging in cartelisation in the provision of maritime motor vehicle transport services to automobile original equipment manufacturers (OEMs) for various trade routes.
2022-01-24
Category: India, Delhi,Business/Economy,Crime/Disaster/Accident
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Crocin, ENO, Iodex ownership changes as CCI approves acquisition
New Delhi Jan 24 (IANS) The Competition Commission of India has approved acquisition by GlaxoSmithKline Consumer Healthcare Overseas Ltd and GlaxoSmithKline Consumer Healthcare UK Trading Ltd of shareholding in GlaxoSmithKline Asia Private Ltd.
2022-01-24
Category: India, Delhi,Business/Economy,Health/Medicine
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Biodegradable sanitary napkins to smart gloves, girl innovators rock on National Girl Child Day
New Delhi, Jan 24 (IANS) From low-cost biodegradable sanitary napkins to smart gloves, which convert sign language to text and speech for use in AI and GPS, eight girl innovators impressed Union Minister of Commerce and Industry, Piyush Goyal, with their dedication, spirit and intelligence on the occasion of National Girl Child Day on Monday.
2022-01-24
Category: India, Delhi,Business/Economy,Politics
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Air India divestment set to take place on Thursday
New Delhi, Jan 24 (IANS) The divestment of national carrier Air India will take place on Thursday (January 27).
2022-01-24
Category: India, Delhi,Business/Economy
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Bloodbath in Zomato, PolicyBazaar, Nykaa shares on low valuations, broader market crash
New Delhi, Jan 24 (IANS) Zomato, PolicyBazaar, and Nykaa and several other companies' stocks took a hard beating on Monday amid the market crash as analysts feel these companies have low valuations.
2022-01-24
Category: India, Delhi,Business/Economy
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India's engineering goods exports see 54% growth
New Delhi, Jan 24 (IANS) Exports of engineering goods jumped to $81.8 billion during April-December 2021 (Provisional) as compared to $52.9 billion during the same period in the previous year (2020), registering a stupendous growth of 54 per cent.
2022-01-24
Category: India, Delhi,Business/Economy
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Global Woes: Over Rs 3k cr FIIs' fund outflow plunge Indian equities (Roundup)
Mumbai, Jan 24 (IANS) A massive flight of foreign capital along with prospects of a global conflict in Europe heavily battered Indian equities on Monday.
2022-01-24
Category: India, Maharashtra,Business/Economy
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Helping Molela artisans to Lakadong turmeric growers achieve bigger success
New Delhi, Jan 24 (IANS) Design training for Molela artisans in Rajasthan's Rajsamand, skill training for Muga Silk weavers from Assam's Kamrup, and sustained year-year trade facilitation of Lakadong turmeric from Meghalya's West Jaintia Hills have the same bedrock of economic empowerment through trade facilitation, capacity building, and product development, thanks to the Centre and state government concerned's collaboration in promoting products under the One District One Product (ODOP) initiative.
2022-01-24
Category: India, Delhi,Business/Economy
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Union Budget: Indian startups seek friendly policies, tax incentives
New Delhi, Jan 23 (IANS) To further aid small businesses and empower entrepreneurs, the Union Budget 2022-23 should introduce additional startup-friendly policies and tax relaxations to enable spending on innovation, ease-of-doing business and reducing compliance costs, a slew of homegrown startups said.
2022-01-23
Category: India, Delhi,Business/Economy
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Rupee to slip on expensive crude oil, FII funds' outflow (IANS Rupee Forecast)
Mumbai, Jan 23 (IANS) Rising global crude oil prices along with FIIs fund outflow from the equity market will further weaken the Indian rupee during the upcoming week.
2022-01-23
Category: India, Maharashtra,Business/Economy
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US technology stocks have been tumbling in the new year
New Delhi, Jan 23 (IANS) US technology stocks have been nursing a new year hangover, pushing the Nasdaq into correction territory, The Guardian reported.
2022-01-23
Category: India, Delhi,Business/Economy
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Demand for office space up 50% in 2021 led by startups, tech cos: Colliers
New Delhi, Jan 23 (IANS) Demand for office space in Delhi NCR region has grown 50 per cent year-on-year in 2021, majorly due to strong absorptions by startups and technology firms, said global real estate consultancy firm Colliers.
2022-01-23
Category: India, Delhi,Business/Economy
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Amazon makes offer to Future Retail for acquisition by an entity led by Samara Capital
New Delhi, Jan 23 (IANS) Amazon has said it is pleased that for the first time since December 2, 2020, the independent directors of Future Retail are willing to consider Amazon's assistance in addressing the financial concerns of FRL.
2022-01-23
Category: India, Delhi,Business/Economy
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India's December gems, jewellery exports up 29% against pre-pandemic 2019
New Delhi, Jan 23 (IANS) India's gem and jewellery exports during December 2021 grew 29.49 per cent to $3,040.92 million (Rs 22,914.6 crore) as compared to $2,348.44 million (Rs 16,712.46 crore) in December 2019 -- the pre-pandemic year, the Gem and Jewellery Export Promotion Council said.
2022-01-23
Category: India, Delhi,Business/Economy
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Shree Cement to decide on FY22 interim dividend on Feb 4 Board meet
New Delhi, Jan 23 (IANS) Cement producer Shree Cements, in its next Board meeting, which is now scheduled to be held on February 4, is expected to declare the interim dividend for FY22.
2022-01-23
Category: India, Delhi,Business/Economy
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Activist investor Nelson Peltz builds stake in Unilever
New Delhi, Jan 23 (IANS) Nelson Peltz's activist hedge fund Trian Partners has built a stake in Unilever, ratcheting up the pressure on the FTSE 100 company after its abortive pursuit of GlaxoSmithKline's consumer health business, Financial Times reported.
2022-01-23
Category: India, Delhi,Business/Economy
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Budget-22: Davos speech indicates infra on PM-FM's mind, industry chips in its own suggestions
New Delhi, Jan 23 (IANS) Industry leaders are happy after Prime Minister Narendra Modi's speech at the World Economic Forum (WEF) in Davos, where he dwelt on India's infrastructure development mission in detail, informing the world leaders that an investment of $1.3 trillion is being made, especially on connectivity infrastructure.
2022-01-23
Category: India, Delhi,Business/Economy,Politics
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Confirm willingness to fund debt owned to lenders: FRL independent directors to Amazon
New Delhi, Jan 22 (IANS) Future Retail's independent directors have asked e-commerce giant Amazon if it is willing to fund Rs 3,500 crore to repay the retail company's lenders.
2022-01-22
Category: India, Delhi,Business/Economy
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NRAI thanks K'taka CM for lifting weekend curfew
Bengaluru, Jan 22 (IANS) National Restaurant Association of India (NRAI) has thanked Chief Minister Basavaraj Bommai for lifting the weekend curfew in Karnataka and hearing the concerns of the restaurant industry.
2022-01-22
Category: India, Karnataka,Business/Economy,Health/Medicine
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IBM sells its Watson healthcare assets to Francisco Partners
San Francisco, Jan 22 (IANS) IBM has announced to sell healthcare data and analytics assets from the company (currently part of the IBM Watson Health business) to Francisco Partners, a leading global investment firm.
2022-01-22
Category: International, Costa Rica,Business/Economy,Technology
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Industry Speaks: Make travel expenses deductible under IT returns in Budget FY23
New Delhi, Jan 22 (IANS) India's hotel and restaurant industry has urged the Centre to make travel expenses deductible under IT returns in Budget FY23.
2022-01-22
Category: India, Delhi,Business/Economy
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