Publishers seek customs duty waiver as newsprint cost shoots up
New Delhi, March 5 - Indian Newspaper Society (INS) has urged the government to waive the 5 per cent customs duty on newsprint as publishers have come under a financial strain due to the escalation in costs.
Jeff Bezos overtakes Elon Musk as world’s richest person
New Delhi, March 5 - Amazon founder Jeff Bezos has overtaken Tesla and SpaceX CEO, Elon Musk, as the richest person in the world, as per the Bloomberg Billionaires Index.
India’s coal production surges by 11.83 pc in Feb
New Delhi, March 5 - The country’s coal production increased by 11.83 per cent in February to 96.60 million tonnes compared to the corresponding figure of 86.38 MT in the same month last year, according data released by the Coal Ministry on Tuesday.
FM Sitharaman urges top GST officials to leverage technology for plugging loopholes in system
New Delhi, March 4 - Finance Minister Nirmala Sitharaman on Monday exhorted the enforcement chiefs of the state and the Central GST formations to leverage technology for plugging loopholes in the system, as well for providing better taxpayer services.
Five key projects of GMDA worth Rs 194.18 crore approved
Gurugram, March 4 - Five key projects of the Gurugram Metropolitan Development Authority (GMDA) worth Rs 194.18 crore were approved in the High-Powered Works Purchase Committee meeting chaired by Haryana Chief Minister Manohar Lal Khattar on Monday.
RBI bars IIFL Finance from sanctioning or disbursing gold loans
Mumbai, March 4 - The Reserve Bank of India (RBI) on Monday directed IIFL Finance Ltd. to stop sanctioning or disbursing gold loans or assigning/securitizing/selling any of its gold loans with immediate effect.
China’s reversion to its ‘old’ growth model being witnessed in recent years
New Delhi, March 4 - China’s re-opening rebound was one of the biggest market bets gone wrong in 2023, with the housing market (60 per sent of household assets) seeing the worst downturn in the country's history, dragging down growth and consumption, Emkay
Interoperable payment system for Net banking to be launched this year: RBI chief
Mumbai, March 4 - RBI Governor Shaktikanta Das on Monday said that the interoperable payment system for internet banking is expected to be launched this year to facilitate quicker settlement of funds for merchants.
Nifty extends gains for fourth session to end at record high
Mumbai, March 4 -+ India's benchmark indices extended gains for the fourth session on Monday to end at record high, said Devarsh Vakil, Deputy Head Retail Research, HDFC Securities.
Tough demand environment continues for IT services
New Delhi, March 4 - An analysis of the latest quarterly results of 24 global companies indicate no material improvement in the demand environment, as macro uncertainties prevail, Emkay Global Financial Services said in a report.
Scindia inaugurates India’s first Green Hydrogen plant in stainless steel sector
New Delhi, March 4 - Union Steel Minister Jyotiraditya M. Scindia on Monday virtually inaugurated India's first Green Hydrogen Plant in the stainless steel sector located at Jindal Stainless Limited in Haryana's Hisar.
Poultry companies to log 5-6 pc revenue growth
Chennai, March 4 - Credit rating agency ICRA expects the revenue growth for its sample set of domestic poultry companies to improve mildly to about 5-6 per cent in FY2025 after an estimated modest Year-on-Year (YoY) growth of about 3-4 per cent in
India okays rice exports to Africa in outreach to Global South
New Delhi, March 4 - The government has, as part of India's outreach to the Global South, allowed the exports of 1,10,000 tonnes of rice to three African countries to help them meet their food security needs.
Indian economy to grow at 7.8 pc in FY25
Chennai, March 4 - The Indian economy is expected to grow at 7.8 per cent in FY25, said an economist in Bank of Baroda in a report.
ADIA acquires shares in SpiceJet
New Delhi, March 4 - Abu Dhabi Investment Authority (ADIA) recently acquired shares of Spicejet from the open market.
Consumers exhibit a strong preference to place deposits in 1-3 year category
New Delhi, March 4 - Consumers continue to exhibit a strong preference to place deposits in the 1-3-year category, as per a report by Kotak Institutional Equities on deposit trends across banks.
Moody’s ups India’s growth forecast, expects policy continuity after LS poll
Mumbai, March 4 - Moody's Investor Service on Monday raised India’s GDP growth forecast and expects the country to remain the fastest growing economy among the G-20 nations in 2024.
Passenger vehicles, two-wheelers maintain positive run
New Delhi, March 4 - Auto sales maintained the trends, with passenger vehicles and two-wheelers maintaining a positive run, whereas commercial vehicles and tractor segment sales momentum continued to be weak, Kotak Institutional Equities said in a report.
Govt allows export of onion to Bangladesh, UAE with riders
New Delhi, March 4 - The government has allowed the export of 64,400 tonnes of onion to the UAE and Bangladesh through the National Cooperative Exports Ltd (NCEL), according to notifications issued by the Directorate General of Foreign Trade (DGFT).
RBI turning up compliance heat on regulated entities
New Delhi, March 2 - Compliance is taking the centre stage with 4x increase in RBI penalties on regulated entities (FY20-23), IIFL Securities said in a report.