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Economy
Budget to focus on fiscal consolidation while pushing private capex
New Delhi: Union Budget 2022 will focus on gradual fiscal consolidation while pushing public capex, creating a conducive environment for private capex, and raising resources via strategic divestments, Morgan Stanley said in a report.!-->…
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Equities extend losses; Sensex down 380 points in early trade
New Delhi: The 30-scrip Sensitive Index (Sensex) and broader 50-scrip Nifty on the National Stock Exchange extended their losses from the previous session and traded in the red on Wednesday.
At 10.30 a.m., Sensex traded at 60,368!-->…
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Budget FY23: Jewellery council seeks import duty cut on precious metals
New Delhi: The Gem and Jewellery Export Promotion Council (GJEPC) has urged the Centre to reduce import duty on precious metals such as gold, silver and platinum from 7.5 per cent to 4 per cent.
The suggestion was part of the Budget!-->…
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Third Covid wave to trim fashion retailers’ revenues by 8% in FY22: ICRA
New Delhi: Renewed restrictions on operating hours of malls, non-essential stores and curtailment of mobility amid the third Covid wave is expected to shave-off 8 per cent of fashion retailer's revenues in FY22.
According to ratings!-->…
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Vikram Dev Dutt named Air India’s new CMD
New Delhi: Senior bureaucrat Vikram Dev Dutt was on Tuesday named as the new Chairman and Managing Director of Air India.
The Appointments Committee of the Cabinet (ACC) approved Dutt's appointment as the CMD of Air India in the rank and!-->…
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Telecom infra firm HFCL’s shares fall 8% on low profits in Q3FY22
New Delhi: Domestic telecom equipment and infrastructure developer HFCL's shares slipped nearly 8 per cent on Tuesday after the company reported a decline in consolidated profit during Q3FY22.
On Monday, HFCL announced that its!-->…
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Tata Motors to raise passenger vehicle prices
Mumbai: Automobile manufacturer Tata Motors will marginally increase the price of its passenger vehicles from Wednesday (January 19).
According to the company, there will be an average increase of 0.9 per cent, depending on the variant!-->…
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Reliance pumps in up to $132 mn in Noida-based robotics firm Addverb
New Delhi: Leading homegrown robotics company Addverb Technologies on Tuesday said that Reliance is investing up to $132 million in the company to become its largest shareholder. The funding will accelerate its expansion in Europe and!-->…
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Ford India closure: Compensation talks on with workers
He said the company management wants to conclude the talks and arrive at a settlement by February 2022.
"Couple of rounds of talks have been held with the workers in Chennai. We have given our charter of demands and the management said!-->…
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ICICI Bank best performer in banking with 42% returns in FY22
New Delhi: ICICI Bank has been the best performer in the banking sector as it delivered 80 per cent/42 per cent returns over FY21/FY22 Year to date, Motilal Oswal Institutional Equities said in a report.
Its market capitalization!-->…
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