BHOPAL: Madhya Pradesh Congress president on Thursday alleged that the Centre wants to privatise the farm sector with its three new agri-marketing laws, which are being opposed by thousands of cultivators. Talking to reporters here while announcing the launch of his party’s protest against the government and an awakening drive for farmers which will continue […]
NEW DELHI: Indian economy is estimated to contract 7.7 per cent in 2020-21 compared to 4.2 per cent growth in the previous fiscal, mainly on account of the impact of the COVID-19 pandemic. As per the first advanced estimates of the national income released by the National Statistical Office (NSO) on Thursday, there was contraction […]
NEW DELHI: Federation of Retailer Association of India (FRAI), a representative body of micro, small and medium retailers, on Thursday urged Prime Minister Narendra Modi to order recall of proposed amendments in law on cigarettes and other tobacco products insisting the changes threaten to further attack livelihoods of petty retailers selling tobacco products across India. […]
NEW DELHI: Infrastructure firm Shapoorji Pallonji and Company Limited has emerged as the lowest bidder for the Rajpath redevelopment project quoting Rs 477.08 crore, which is 4.99 percent less than the estimated cost, according to CPWD’s bid documents. Tata Projects quoted the second-lowest bid amount of Rs 488.78 crore for the Central Vista Avenue/Rajpath redevelopment […]
NEW DELHI: Maruti Suzuki India, the country’s largest carmaker, on Wednesday said its total production in December 2020 increased 33.78 per cent to 1,55,127 units. The company had produced a total 1,15,949 units in the same month of 2019, Maruti Suzuki India (MSI) said in a regulatory filing. Passenger vehicles production stood at 1,53,475 units […]
NEW DELHI: SAP SEon Thursday announced it would invest Rs 500 crore in India to localise and offer customers a multi-cloud choice. Underscoring its commitment to India, SAP said in a statement it will make available its multiple cloud solutions in India data centres. “SAP’s commitment to support India’s growth vision remains a top priority, […]
NEW DELHI: State Bank of lndia (SBI) on Thursday said it has concluded the issuance of USD 600 million (about Rs 4,500 crore) from bonds to fund expansion of overseas business. The fund raised through senior unsecured fixed rate notes having maturity of 5.50 years and coupon of 1.80 per cent payable semi-annually under Regulation-S, […]
NEW DELHI: Days before the next round of talks, Agriculture Minister Narendra Singh Tomar on Wednesday said a large number of farmers from across the country are coming out in support of three farm laws and urged protesting unions to understand the sentiments behind reforms brought through these legislations. He also expressed confidence that the […]
By ZEKE MILLER and JILL COLVIN WASHINGTON: President Donald Trump said there would be an “orderly transition on January 20th” after Congress concluded the electoral vote count early Thursday certifying President-elect Joe Biden’s victory hours after he appeared to excuse the violent occupation of the U.S. Capitol by his supporters. Trump acknowledged defeat in the […]
By Aditi Shah NEW DELHI:Fiat Chrysler Automobiles NV (FCA) said on Tuesday it will invest $250 million to grow its presence in India with the launch of four new sport-utility vehicles (SUVs) under its Jeep brand over the next two years. The investment will be made to locally manufacture a mid-size, three-row SUV, assemble the […]
MUMBAI: Snapping its 10-session rising streak, equity benchmark Sensex tumbled 264 points on Wednesday as investors booked profits in Reliance Industries Limied (RIL) , as well as IT, finance and FMCG stocks amid mixed global cues. However, a recovering rupee and sustained foreign fund inflows restricted the fall, traders said. After touching its record intra-day […]
NEW DELHI: The Delhi High Court Wednesday asked SBI to maintain status quo with regard to accounts of Anil Ambani’s firms — RCom, Reliance Telecom and Reliance Infratel, which have been declared by the bank as fraud accounts. Justice Prateek Jalan passed the order on a plea by erstwhile directors of the three companies challenging […]
NEW DELHI: SpiceJet said on Wednesday it would operate 21 new domestic and international flights from January 12. The airline will introduce two weekly flights on the route from Mumbai to Ras Al-Khaimah in the UAE and increase frequency on the Delhi-Ras Al-Khaimah route to four weekly flights, according to a statement. It will connect […]
NEW DELHI: The Supreme Court Wednesday sought response of the Narendra Modi government (Centre) on a PIL challenging the constitutional validity of newly enacted three farm laws on grounds including that Parliament lacked power to make legislations on the subject. The plea also raised questions over the validity of ‘the Constitution (3rd Amendment Act) of […]
By Takashi Mochizuki and Yuki Furukawa NEW DELHI: Murata Manufacturing Co., the world’s biggest maker of ceramic capacitors for Apple Inc. and other smartphone brands, expects demand for fifth-generation wireless devices to surpass 500 million handsets in the coming fiscal year, building on a rush to replace Huawei Technologies Co. in the global consumer arena. […]
NEW DELHI: India’s economy is estimated to contract by 9.6 per cent in the fiscal year 2020-21, reflecting a sharp drop in household spending and private investment, and the growth is expected to recover to 5.4 per cent in 2021, the World Bank said on Tuesday. In its Global Economic Prospects report, the World Bank […]
