Ola is offering its mobikes at a price more attractive than its scooters by taking advantage of the lower bill of materials cost for mobikes, which have fewer panels than scooters
Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally for the second consecutive year by US-based Global Finance magazine. "Happy to announce that for the 2nd consecutive year, RBI Governor @DasShaktikanta has been rated 'A+', in the Global Finance Central Banker Report Cards 2024," the RBI said in a post on X. Das has been placed at the top of the list of three central bank governors, who have been rated A+. Grades are based on a scale from A to F for success in inflation control... Читать дальше...
Food regulator FSSAI has given four more months till December-end to food business operators to exhaust all pre-printed packaging materials claiming '100 per cent fruit juices' in their packaged juice products. The decision to extend the current deadline of August 31 has been taken following consultations with stakeholders. In June, FSSAI had asked food business operators (FBOs) to immediately remove claims of 100 per cent fruit juices in advertisements as well as labels on packaged products, amid rising concerns over misleading claims. Читать дальше...
Aggarwal said that people should already know how he is going to price the products and expressed confusion over why people are surprised
Manpower services company Innovision Ltd has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The Haryana-based company's proposed IPO is a mix of fresh issuance of Rs 315 crore and an Offer For Sale (OFS) of up to 11.81 lakh equity shares by promoters, according to the Draft Red Herring Prospectus (DRHP). Those selling shares in the OFS are Randeep Hundal and Uday Pal Singh. As per the draft papers filed on Monday, proceeds from the... Читать дальше...
CG Power and Industrial Solutions has completed the acquisition of G G Tronics for Rs 319 crore, the company said. In a BSE filing on Tuesday, the company said it has completed the acquisition of G G Tronics on August 20. Last month, the company entered into definitive agreements for acquisition of 55 per cent stake of GG Tronics through a combination of purchase of equity shares from GGT promoters and by way of subscription to compulsorily Convertible Preference Shares for an aggregate consideration... Читать дальше...
Krishnamurthy V Subramanian says India can achieve the feat if the country can keep the inflation below 5%
Apart from Ola, applicants including Mahindra & Mahindra (M&M), Tata Motors, Ashok Leyland, and Toyota Kirloskar, among others, have received PLI certificates
Andhra Pradesh Finance Minister P Keshav on Tuesday said the government will release Rs 1,452 crore as funds to local bodies in the state to speed up works at the village and ward levels. According to directions from Chief Minister N Chandrababu Naidu, it has been decided to release Rs 998 crore to gram (village) panchayats and Rs 454 crore to urban local bodies, he said. "Chandrababu Naidu directed that these funds be used to speed up works at the village and ward levels. The release of these funds will financially strengthen the local bodies... Читать дальше...
NITES alleged that despite fulfilling all requirements on their part, these professionals have been kept in limbo for more than two years, causing immense frustration, anxiety, and uncertainty
Only specific cases are required Income-tax Clearance Certificate, clarifies the Central Board of Direct Taxes
A Sultanpur court on Tuesday took strong objection to Aam Aadmi Party MP Sanjay Singh not appearing in a two-decade-old case and ordered police to arrest and produce him on August 28. On August 13, a non-bailable warrant was issued against Singh, SP leader Anoop Sanda, and four others, with the hearing scheduled for Tuesday. The accused however did not appear before the court. "The court has directed the police to arrest all the accused and produce them in the court by August 28," a court officer told PTI. Читать дальше...
The Competition Commission of India (CCI) on Tuesday approved the proposed Rs 4,630-crore deal, wherein private equity major Warburg Pincus will acquire Shriram Finance's arm Shriram Housing Finance. "The proposed combination envisages inter alia the acquisition of shareholding in Shriram Housing Finance Ltd by Mango Crest Investment Ltd," CCI said in a release. Mango Crest Investment Ltd undertakes investment holding activities. It is an affiliate of US-based Warburg Pincus. Shriram Housing Finance... Читать дальше...
Health Ministry writes to central govt-run hospitals to ensure doctor's security
US Secretary of State Antony Blinken was visiting fellow mediators Egypt and Qatar as he pressed ahead Tuesday with the latest diplomatic mission to secure a cease-fire in the war in Gaza, even as Hamas and Israel signalled that challenges remain. Hamas in a new statement called the latest proposal presented to it a reversal of what it agreed to previously and accused the US of acquiescing to what it called new conditions from Israel. There was no immediate US response. Israeli Prime Minister Benjamin Netanyahu... Читать дальше...
Edtech firm Think and Learn, which owns Byju's brand, has not paid the July salary to employees as the company was unable to access its accounts due to a temporary stay granted by the Supreme Court on the NCLAT's decision, a top official said on Tuesday. On August 2, the National Company Law Appellate Tribunal (NCLAT) approved the Rs 158.9 crore dues settlement with BCCI and set aside insolvency proceedings against Byju's. However, the Supreme Court on August 14 stayed the verdict of the insolvency... Читать дальше...
The ICC on Tuesday moved the upcoming Women's T20 World Cup from Bangladesh to the UAE, saying it "wasn't feasible" to conduct the event there after governments of a number of participating countries advised against travelling to the unrest-hit nation. The event, which also features India and is scheduled to take place from October 3 to 20, will now be staged in Dubai and Sharjah with Bangladesh retaining the hosting rights, ensuring that it receives its share of revenue. "It is a shame not to be... Читать дальше...
This comes in the backdrop of a fresh special drive being undertaken by both Central and State authorities to identify and weed out fake registrations
As car demand slows in India, dealer stock levels across the entire industry have surged to alarming heights
The six-member Monetary Policy Committee of the RBI has kept the policy repo rate unchanged at 6.5% since February 2023
The British government said it has begun supporting those affected by Tata Steel UK's decarbonisation process with the release of an initial GBP 13.5 million of funding, also available to affected workers for them to retrain or acquire new skills for the employment market. In a statement from the Wales Office on Monday, the government said the funding from the Tata Steel/Port Talbot Transition Board fund will support local businesses which are heavily reliant on Tata Steel as their primary customer... Читать дальше...
The government's 100-day timetable is set to conclude by mid-September, yet very few departments are publicly updating their progress toward meeting their targets
The BJP Tuesday announced nine candidates for the September 3 Rajya Sabha bypolls, fielding Union ministers Ravneet Singh Bittu from Rajasthan and George Kurian from Madhya Pradesh. The party fielded former BJD leader Mamata Mohanta from Odisha and ex-Congress leader Kiran Choudhary from Haryana. Both these leaders joined the BJP recently. According to a list of nine candidates released by the BJP, Manan Kumar Mishra will contest the bypolls from Bihar, Dhairyashil Patil from Maharashtra and Rajib Bhattacharjee from Tripura. Читать дальше...
Paddy acreage has increased by six per cent to 369.05 lakh hectare so far in the ongoing 2024-25 kharif (summer) season, the agriculture ministry said on Tuesday. In the year-ago period, the area under paddy was 349.49 lakh hectare. Sowing of paddy, the main kharif crop, begins with the onset of southwest monsoon in June, and harvesting takes place from September. Additionally, the area sown to pulses increased to 120.18 lakh hectare till August 20 of the ongoing season, from 113.69 lakh hectare in the same period last year... Читать дальше...
