Nirmala Sitharaman hands over possession to homebuyers through virtual meet
NEW DELHI: India’s Finance & Corporate Affairs Smt. Nirmala Sitharaman today handed over possession to homebuyers virtually as the Government of India’s Special Window for Affordable & Mid-Income Housing (SWAMIH) completed its first residential project. The residential project – Rivali Park, located in suburban Mumbai, was the first housing project in India to have received […]
Lupin Q4 net profit up 18% at Rs 460 crore; FY21 profit at Rs 1,216 crore
NEW DELHI: Drug maker Lupin on Thursday reported an 18 per cent increase in its consolidated net profit at Rs 460 crore for the fourth quarter ended March 31, 2021, driven by robust sales across domestic and international markets. The Mumbai-based company had reported a net profit of Rs 390 crore in the January-March quarter […]
India received $83 billion in remittances in 2020: World Bank report
NEW DELHI: India received over USD83 billion in remittances in 2020, a drop of just 0.2 per cent from the previous year, despite a pandemic that devastated the world economy, according to a World Bank report. China, which received USD59.5 billion in remittances in 2020 against USD68.3 billion the previous year, is a distant second […]
Samsung Elec raises non-memory chip investment to $151 billion through 2030
NEW DELHI: Samsung Electronics Co Ltd (005930.KS) said on Thursday it would invest 171 trillion won ($151.10 billion) in non-memory chips through 2030, raising its previous investment target of 133 trillion won announced in 2019. Samsung competes with bigger rivals Taiwan’s TSMC (2330.TW) in contract chip manufacturing and Qualcomm Inc (QCOM.O) in mobile processing chips. […]