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Tuesday, July 26, 2022

Annual revenue of 49 auto ancillaries may grow 8-10 pc in FY23: Icra

July 21, 2022 3:04:36 pm

The revenue increase is expected on the back of a stable demand and gradual easing of supply-chain issues in 2022-23, Icra added.

DDA must register real estate projects with regulator, says Delhi-RERA chairman Anand Kumar

July 20, 2022 3:24:19 pm

"Anybody who is into the real estate development sector whether it is a development authority like DDA or Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) or any other such organisation, if they are doing plotted development or if they are doing real estate projects, as per section 3, they must get registered with us," Delhi-RERA chairman Anand Kumar said.

Electric two-wheeler adoption gaining traction in semi-urban, rural markets: Shriram City MD & CEO

July 18, 2022 6:00:03 pm

Even as the overall sales of two-wheelers have not returned to pre-COVID levels and that people are also postponing their purchases due to higher running costs with petrol becoming costlier, a lot of demand is coming from rural and semi-urban areas.

VIL shareholders approve Rs 436 cr equity allocation to Vodafone

July 16, 2022 1:06:14 pm

As per voting results submitted to the stock exchanges on Friday evening, 99.94 per cent of Vodafone Idea (VIL) shareholders approved allocation of the equity to Vodafone Group firm Euro Pacific Securities.

LuLu Group, LuLu Group India

LuLu Group opens supermarket in Lucknow: Here’s everything you need to know about the Abu Dhabi-based conglomerate

July 11, 2022 6:04:42 pm

Founded by Abu Dhabi-based Indian businessman Yusuff Ali MA in 2000, LuLu Group is a highly diversified conglomerate and its businesses include supermarkets, food processing, realty and financial services.

Equity MFs see Rs 15,498-crore inflow in June amid volatile stock market

July 8, 2022 3:02:09 pm

Inflows into equity mutual funds in June was much lower compared to the net inflow of Rs 18,529 crore seen in May, data from the Association of Mutual Funds in India (AMFI) showed on Friday.

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Govt proposes implementation of fuel consumption standards for all vehicles from April next year

July 6, 2022 5:53:04 pm

The MoRTH in a statement said the aim of this notification is to expand the ambit of vehicles for compliance with FCS, and hence introduce more fuel efficient vehicles.

Jan-Jun housing sales in top 8 cities at 9-year high; sales see 60% annual growth: Knight Frank

July 6, 2022 3:10:52 pm

Housing sales stood at 99,416 units in the first six months of 2021, the consultant said in its 17th edition of half-yearly report 'India Real Estate: Residential and Office Market H1 2022', which was released on Wednesday through a webinar.

Govt notifies procedural changes in GST rules

July 6, 2022 2:39:44 pm

Businesses with aggregate annual turnover of up to Rs 2 crore in the fiscal ended March 31, 2022 are exempt from filing annual returns for 2021-22, as per the amended rules. Businesses have also been allowed to make tax payments on the GSTN portal by using IMPS and UPI payment modes.

GST on pre-packed labelled food items to increase traders’ compliance burden, raise prices: CAIT

July 4, 2022 5:27:40 pm

CAIT Secretary General Praveen Khandelwal said that to protest against this decision of the GST Council, the traders' delegation will meet state finance ministers and hand over a memorandum to them.

Office leasing jumps over 2.5 fold in Apr-Jun across 6 cities at 14.7 mn sq ft: Colliers India

July 4, 2022 12:28:12 pm

During January-June 2022, the gross leasing of office space jumped more than 2.5 times to 27.5 million square feet across six cities, from 10.3 million square feet in the corresponding period of the previous year, as per Colliers India.

Automobiles in India to be accorded ‘Star Ratings’ based on performance in crash tests: Nitin Gadkari

June 24, 2022 2:08:22 pm

In a series of tweets, Gadkari said the Bharat New Car Assessment Programme (Bharat NCAP) will serve as a consumer-centric platform, allowing customers to opt for safer cars based upon their Star-Ratings, while promoting a healthy competition among original equipment manufacturers (OEMs) in India to manufacture safer vehicles.

Indians’ funds in Swiss banks jump 50% to over Rs 30k crore on surge in securities, institutional holdings; customer deposits up too

June 16, 2022 10:34:48 pm

The rise in aggregate funds of Indian clients with Swiss banks, from 2.55 billion Swiss francs (Rs 20,700 crore) at the end of 2020, marks the second consecutive year of increase.

5G spectrum auctions get Union Cabinet nod. Here are five key highlights

June 16, 2022 8:55:52 am

The Department of Telecommunications (DoT) has issued a notice inviting applications for potential bidders in the auction.

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5G spectrum auction for telecom services gets Cabinet nod

June 15, 2022 12:10:11 pm

A total of 72097.85 MHz of spectrum with 20 years of validity will be auctioned by July end.

Rajasthan and Chhattisgarh walk out of National Pension System

June 16, 2022 8:57:20 am

Sources confirmed that both the states, ruled by the Congress, have stopped contributing any funds from their side to the NPS since April 1.

Sensex tumbles 375 points in early trade amid weak global markets

June 14, 2022 11:07:37 am

From the Sensex pack, Asian Paints, Tech Mahindra, IndusInd Bank, HDFC Bank, Titan and HDFC were the major laggards in early trade.

Sensex nosedives 1,394 points in early trade; Nifty tanks to 15,800 level

June 13, 2022 10:58:13 am

Bajaj Finserv, Bajaj Finance, ICICI Bank, State Bank of India, Reliance Industries, Kotak Mahindra Bank, Tech Mahindra and IndusInd Bank emerged as the major laggards.

Credai, Naredco expect steel prices to come down after govt’s measures

May 23, 2022 2:40:23 pm

Both the associations have been raising the issue of a sharp rise in steel and cement prices in the last one year, resulting in an increase in the overall construction cost. Many builders have raised housing prices to offset the rise in construction costs.

‘Want to add 12-20 cities in 9-12 months from current 11’: Zepto co-founder

May 31, 2022 2:57:35 pm

In an interview with Pranav Mukul, Zepto’s co-founder and CEO Aadit Palicha said the company would use these funds to expand into 12-20 cities and hire 1,000 people over the next one year.

ED questions Xiaomi global VP Jain in FEMA case

April 14, 2022 4:00:46 am

Sources said Jain was asked to appear before the investigating officer in Bengaluru, and was being questioned.

Average pay hike likely to be at 8-12% in 2022: Report

April 7, 2022 1:51:16 pm

The common salary enhancement in 2022 is going to be 9 per cent against 7 per cent in the pre-pandemic year of 2019, according to the Michael Page Salary Report 2022.

Husband and wife entrepreneurs mint own unicorns within a year

March 24, 2022 10:30:01 am

The two startups run separately with different offices and teams, but they target the same industries such as manufacturing and infrastructure sub-contracting.

Solar open access installation rises nearly two folds to 307 MW in Oct-Dec: Report

January 4, 2022 6:09:35 pm

According to the report, the country installed 935 MW of open access solar capacity during April-December 2021, registering a rise of 143 per cent compared to 385 MW installed during the same nine- month period of 2020.

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Loan recovery via Lok Adalats, IBC falls in FY21; banks report fewer frauds

December 29, 2021 7:28:22 am

According to the report, banks reported 4,071 frauds involving Rs 36,342 crore during the six-month period ended September 2021 as against 3,499 frauds involving Rs 64,261 crore in the same period of last year.

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