India

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The advent of new financial products and services is encouraging economic participation among people Financial literacy has gained another significant level in the modern world as many people are fostering investment practices to grow and ensure financial security after retirement. The advent of new financial products and services is even encouraging economic participation among people. However, without a proper understanding of the investment ma…


Reliance might make an unsolicited offer to buy into the group or will try to get a controlling share, says Economic Times Reliance Industries Ltd is considering an offer for British telecom company BT Group Plc, the Economic Times reported on Monday, citing unnamed sources familiar with the matter. Reliance might make an unsolicited offer to buy into BT Group or will try to get a controlling share in it, the report said.....


Adani Group issued a statement with respect to MSCI's action on climate change indices as it dropped Adani Ports from some of its climate change indices. Adani Ports in an exchange filing on Sunday said that the MSCI's decision on climate indices is disappointing.....


Effective December 1, travellers will have to submit 14 days’ travel details on the Air Suvidha portal before their scheduled journey In view of growing concerns over Omicron, a new variant of Covid-19, the Health Ministry on Sunday revised its guidelines for international travellers arriving in India with effect from December 1. As per the guidelines, travellers will have to submit 14 days travel details on the online Air Suvidha portal b…


2021-11-29

A major step towards #AatmaNirbharBharat Signal , Telecommunications Workshop, Secunderabad


Advancements in agritech with the adoption of right technology has enabled firms to redesign the farming experience with myriad benefits for farmers India has addressed the COVID-19 scenario with tenacity and a sense of self-reliance, as seen by the number of startups and innovations that have occurred during difficult times. It has shown how to overcome problems and discover opportunities, as evidenced by the reallocation of various sectors and …


Union Bank, Central Bank of India offer the lowest rates on personal loans Diwali may have ended in the country, but several banks continue to offer festive loan offers across categories. The concessions include lower festive rates and processing fee waivers. Union Bank of India charges 8.9 percent for a personal loan of Rs 5 lakh with a tenure of five years. The equated monthly installments (EMI) will work out to Rs 10,355. Central Bank and…


Variant found first in South Africa has multiple mutations, has been detected in Hong Kong, UK, Israel and Botswana. It is yet to be detected in India The Centre has directed all states to ramp up health infrastructure, enhance testing and surveillance in light of the Omicron variant of coronavirus, designated by the world health organisation as a variant of concern. The Health ministry in a letter to chief secretaries of all states has asked the…


Platforms like Spotify, Hungama, Gaana, JioSaavn, Wynk and Amazon music now feature the programme in addition to TV, radio, NaMo App and YouTube. Prime Minister Narendra Modi's monthly 'Mann ki Baat' broadcast is now available on all major audio and music platforms which will help augment its reach, especially among the younger generation, officials said on Sunday....


Samriddh Dasgupta joined premium pet care brand and retail chain Heads Up For Tails as chief marketing officer in October from Bombay Shaving Company. The pet grooming and products firm recently bagged ₹ 277 crore in its Series A funding round. It has 40 offline stores in seven metros, apart from presence online. Dasgupta said new-age consumer firms are creating unique playbooks to market their brands....


Despite the pandemic, platinum sales grew 21 per cent in December quarter last year, and the demand is not just restricted to metros, says Vaishali Banerjee, Managing Director, Platinum Guild International (PGI). It's no secret that Indians love their gold. However, more than just the gold, we love precious jewellery. It was this opportunity, which India provided as a precious jewellery market, that attracted Platinum Guild International (PGI) to…


The total iron ore production from Tata Steel's captive mines in Noamundi in Jharkhand and in Katamati, Joda and Khondbond blocks in Odisha, is about 30 mtpal focuses on increasing iron ore production to 45 mtpa in 5 years Tata Steel is planning to augment its iron ore production from the current level of 30 million tonnes per annum (mtpa) to 45 mtpa in the next five years, a senior company official said on Saturday....


Invest ₹27,317 cr in primary market Heavy selling by foreign portfolio investors (FPIs) last week sent a chill down the spine of retail investors, even as the clear trend of the former offloading shares in secondary market and investing big time in primary issues became noticeable. As per NSDL data, FPIs sold shares worth ₹25,918 crore through stock exchanges this month up to November 26. During the same period, they invested ₹27,317 crore…


2021-11-28

Kasuti Embroidery


Here's how to build a successful business in five easy steps For those of you who have made products by yourself and wish to find buyers for the same, here’s good news. Building your handicraft skill beyond a hobby towards entrepreneurship can be challenging but is very much achievable. To help you sell your homemade merchandise online, here are five steps you can follow to build a successful online business in India.....


While strong 2-year earnings growth prospects drive our positive outlook for the equity market, the near-term outlook is cautious, and the focus could now shift much more towards specific stocks. Equity markets globally have witnessed an incessant rally, driven initially by attractive valuations, and thereafter by the excessive liquidity infused by central banks globally to stabilise respective economies. In recent months, the Indian equity marke…


Two merchant vessels have collided in the Gulf of Kutch, although no casualty or oil slick has been reported in the incident, a defence official in Gujarat said on Saturday Two merchant vessels have collided in the Gulf of Kutch, although no casualty or oil slick has been reported in the incident, a defence official in Gujarat said on Saturday. The two merchant vessels - Aviator and Atlantic Grace - collided on November 26 night, the defence spok…


PM Modi on Saturday chaired a comprehensive meeting to review public health preparedness and vaccination related to Covid, says PMO Prime Minister Narendra Modi on Saturday asked officials at a high-level meeting to review plans for easing of international travel restrictions amid rising global concerns over a new strain of the coronavirus, which the World Health Organization has named 'Omicron'. The variant has been classified as a hig…


Prime Minister Narendra Modi will chair a key meeting at 10.30 am on Saturday to take stock of the COVID-19 and vaccination situation in the country. Prime Minister Narendra Modi will chair a key meeting at 10.30 am on Saturday to take stock of the COVID-19 and vaccination situation in the country. Top officials will attend the meeting, ANI reported, and comes amid global concern over the new B.1.1.529 strain of coronavirus named 'Omicron'....


 ITC Ltd will make its first investment in a direct-to-consumer (D2C) brand as the cigarette-to-chocolate conglomerate raises its bets on the fast-growing online retail market. ITC will buy a 16% stake in online-first mother and baby care Mother Sparsh brand for ₹20 crore, the company said in a regulatory filing on Friday. The acquisition is in line with the ITC Next strategy that will see the company develop more digital-first fast m…


Advises public not to go for pre-bookings as Starlink is not a licensee The government on Friday said that Elon Musk owned 'Starlink Internet Services' is not licensed to offer satellite-based Internet services in India, as it is being advertised to the public. In a statement, the Department of Telecommunications (DoT) pointed out that for rendering satellite-based services in India, requisite license(s) from DoT are required......


Prateek Yadav is a fitness enthusiast who is changing the landscape of the fitness industry and is tirelessly working towards bringing results that nurture the growth of individuals For decades fitness has been considered a prominent part of human life and will be continued to go the same way around. By taking health and fitness as a lifestyle rather than a part-time hobby or a 30-day challenge, people develop behaviors that improve many areas of…


Production is up but demand is outstripping supply. Natural rubber hit an all-time high of Rs 245/kg ten years ago. Indian natural rubber prices, now at an eight-year high, are inching towards the Rs 200 per kg mark. The surge is being driven by a severe shortage, which has been aggravated by unprecedented rains in the peak tapping season.....


The funding round is said to be led by existing investor Tiger Global and is still ongoing Online stockbroking platform Upstox has entered the unicorn club by raising $25 million at a valuation of over $3 billion, according to several media reports quoting unnamed sources. Business Standard has reached out to the company for a confirmation....


Recent findings show that ‘world’s first ever beach’ could be in Jharkhand's Singhbhum area. As much as this surprised all, the study also says, “findings also suggest that the continents emerged from the oceans about 700 million years earlier than previously thought."


Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Anurag Jain said the scheme will be a "game-changer" as regards the manufacturing of white goods. Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Anurag Jain said the PLI (production-linked incentive) scheme for White Goods has received a great response and termed it as a boost to the government's 'Make-in-India' initiative.  Jain added that …


Expats arriving from these countries must spend five days in quarantine regardless of their vaccination status Saudi Arabia will lift the travel ban on people coming from six countries including India. Apart from that, passengers from Pakistan, Brazil, Vietnam, Egypt and Indonesia will be allowed to enter the Kingdom directly from December 1, local reports suggested.....


Godrej Properties' project is estimated to have about 1.5 million sq ft of potential saleable area comprising primarily of residential apartments of various sizes. Godrej Properties Ltd on Friday said it has bought a 16-acre land parcel in suburban Bengaluru’s Sarjapur Road area to develop a mid-income residential project. The developer didn’t disclose the value of the land purchase.....


Diversified conglomerate ITC Ltd has begun clinical trials on a nasal spray for Covid-19 prevention. The product is expected to be effective against common cold, too, a source familiar with the development said, without giving details on the product in terms of the ingredient used, the stage of the trial and whether it would a prescription-driven or over-the-counter product....


The funding was led by Sequoia Capital India, Matrix Partners India, Epiq Capital, among others Park+, the super app for car users, has raised  around $25 million in its Series B funding led by Sequoia Capital India, Matrix Partners India and Epiq Capital. The round also witnessed participation from AdvantEdge, Fund II - A Series of Somani Investments LP and Motherson Lease Solution Limited....


2021-11-25

Modern Infrastructure Being Developed In New India


2021-11-25

'17 Airports In U.P Soon' Jyotiraditya Scindia Assures Employment For More Than 1 Lakh People


Manish Mickey Oberoi's vast experience in his niche makes him the perfect brand guru Manish Mickey Oberoi is renowned for his magic with clients, helping them meet their business goals through brand stories.  Working with A-listers and Fortune 500 businesses alongside spearheading events from concerts to club openings, the vast experience in his niche makes him the perfect brand guru.  With this lineup of essential tips, Mickey shares h…


According to National Family Health Survey–5 data, India’s total fertility rate in 2019-21 was 2 compared with 2.2 five years ago in the previous survey. The total fertility rate graph has been steadily declining, borne out by the fact that in 1998-99, it was 3.2. The average Indian woman gave birth to two children in 2019-21, which marks not only the lowest level reached ever but also an important milestone since the total fertility …


Six infrastructure firms, including Tata Projects Limited and L&T Limited, have submitted technical bids for the construction of an executive enclave that will house the prime minister's office (PMO), Cabinet secretariat, India House and National Security Council Secretariat, a CPWD official said on Wednesday. The other four firms are Shapoorji Pallonji and Company Limited, NCC Limited, PSP Projects Limited and Ahluwalia Contracts India Limit…


BlackRock Inc. and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more Paytm shares on Tuesday and Wednesday Several of the biggest investors in Paytm’s record-breaking initial public offering added to their stakes in the Indian fintech giant after shares plunged by as much as 41%, according to people familiar with the matter....


20 most profitable companies account for 65% of corporate profits Big private sector companies have cornered a large chunk of the corporate profit pie in the last few years as small and public sector firms struggle with poor profitability. This has resulted in a steady rise in profit concentration. India’s 20 most profitable companies accounted for nearly 65 per cent of all corporate profits in the listed space in the first half of 2021-22 …


The pause comes amid government's proposal of a regulatory clampdown of the cryptocurrency sector Cryptocurrency unicorn CoinSwitch Kuber has decided to pause all advertisements about cryptocurrencies until further clarity on their regulation....


“Repurposing the gasification assets will help use syngas as a reliable source of feedstock to produce these chemicals and cater to growing domestic demand, resulting in an attractive business opportunity,” RIL added. Reliance Industries stated in a late-night statement on Wednesday that it will implement a scheme to repurpose and restructure its gasification assets. “The Board of Reliance Industries Limited has today decided to…


Norms and perceptions around ‘appropriate’ work continue to dictate opportunities for women When gig economy companies such as Swiggy, Zomato, Urban Company started in India, they were expected to increase female labour participation in the country because of the freelance/flexible nature of work. But the number of women in the gig workforce has stayed low.....


These results provide evidence for effectiveness of Covaxin in real life settings, says Bharat Biotech The findings of a real world study on the effectiveness of Covaxin conducted by All India Institute of Medical Sciences (AIIMS) provide evidence for its efficacy, Bharat Biotech said.....


2021-11-25

PM Modi To Lay Foundation Stone Of Jewar International Airport In Noida today


Income tax refunds of Rs 41,649 crore have been issued in 1,08,88,278 cases and corporate tax refunds of Rs 82,018 crore have been issued in 1,81,218 cases, says the I-T department. The Central Board of Direct Taxes (CBDT) on Wednesday said it has issued refunds of over Rs 1,23,667 crore to more than 1.11 crore taxpayers during the period from April 1, 2021 to November 22, 2021.....


The ‘Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’ seeks to prohibit all private cryptocurrencies in India The Indian government is preparing a bill to regulate cryptocurrencies, which will be presented to parliament in the Winter session starting November 29. The ‘Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’ seeks to prohibit all private cryptocurrencies in India....…


This is the first major overseas expansion of Reliance Industries’ cricket operations in the global franchise-based cricket leagues. Reliance Industries Limited, through its subsidiary Reliance Strategic Business Ventures Ltd (RSBVL), will be acquiring the rights to own and operate a new franchise cricket team in the Emirates Cricket Board’s upcoming UAE T20 League. The move is the first major overseas expansion of Reliance Industrie…


This will entail PMGKAY an additional expenditure of ₹53,344 crore The Cabinet has extended the free food grains distribution through the ration shops by another four months until March 31, which will entail an expenditure of ₹53,344 crore. The scheme, re-launched this fiscal from May, was to end by November 30.....


2021-11-24

National Master Plan | AAI


The funds will be used to expand its business, strengthen full-stack services and ramp up hiring  Fasal, a precision agriculture platform, announced it has raised $4 million in pre-Series A round. It was led by 3one4 Capital with participation from existing investors Omnivore and Wavemaker Partners. Other investors included Genting Ventures (Malaysia), The Yield Lab Asia-Pacific, Antares Investments and Sandeep Singhal of Nexus.....