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Cabinet approves DA hike by 4%
Business

Cabinet approves DA hike by 4%

New Delhi, Sept 28: In a festival bonanza for lakhs of Central government employees and pensioners, the Union Cabinet on Wednesday gave its clearance for release of additional instalment of Dearness Allowance and Dearness Relief at 4 per cent. This would be due from July 1, 2022. A total burden...
Fly Blade to get Airbus helicopter, plans service in 10 states in 2 years
Business

Fly Blade to get Airbus helicopter, plans service in 10 states in 2 years

Chennai, Sept 28: Urban air mobility company Fly Blade India P. Ltd. is likely to get one H125 helicopter from Airbus this October/November, said a top company official. He also said the company will be launching helicopter service between Bengaluru International Airport and HAL on weekdays...
Adani Group will invest over $100 bn of capital in next decade: Gautam Adani
Business

Adani Group will invest over $100 bn of capital in next decade: Gautam Adani

New Delhi, Sep 27: This confidence of a nation is also reflected in the scale of the decisions corporates make. This has been the case with the Adani Group as we benefit from a rising India, Gautam Adani, Chairman, Adani Group said. "This optimism is the wind in my sails that has made us India's...
Blood bath on Dalal Street, Sensex crashes more than 1,000 points
Business

Blood bath on Dalal Street, Sensex crashes more than 1,000 points

Mumbai, Sept 23: The Indian equities market crashed sharply on Friday, with Sensex falling more than 1,000 points due to global cues, to end the week on a negative note, dealers said. At close, Sensex was 1,020.80 points, or 1.73 per cent, down at 58,058.92, and Nifty closed 302.45 points, or...
Markets continue to remain weak tracking bearish global trends
Business

Markets continue to remain weak tracking bearish global trends

Mumbai, Sept 23: Equity indices began the trade on a weak note, falling for the third day running on Friday, amid an overall bearish trend in global markets. The 30-share BSE Sensex declined 319.3 points to 58,800.42 in initial trade. The NSE Nifty fell by 90.8 points to 17,539. Among the...
Adding Rs 1,600 cr per day to his wealth, Adani tops Indias rich list, ranks second in world
Business

Adding Rs 1,600 cr per day to his wealth, Adani tops India's rich list, ranks...

Chennai, Sep 21: Takeover tycoon and world's second richest person, 60-year-old Gautam Adani, naturally heads the India's rich list with wealth of Rs 10,94,400 crore, as per the IIFL Wealth Hurun India Rich List 2022. Interestingly, Adani gets the honours for the first time as that spot was...
Sparkling bright or a dark Diwali? Fireworks industry in suspense
Business

Sparkling bright or a dark Diwali? Fireworks industry in suspense

Chennai, Sep 18: Is it going to be a sparkling bright or dark Diwali is the question that has been asked by the fireworks industry for the past couple of years. With Diwali this year to be celebrated next month - and virtually without any curbs and the Covid pandemic wanes, the question gains...
India: From a milk deficit country to world
Business

India: From a milk deficit country to world's largest producer

Ahmedabad, Sept 15: India was once a milk-deficit country. But at present, it is the largest producer of milk in the world, contributing 21 per cent of global milk production. During the 1950s and 1960s, the situation was radically different. India was a milk-deficit nation dependent on imports...
Equities fall in early trade; Sensex slides 530 points
Business

Equities fall in early trade; Sensex slides 530 points

Mumbai, Sep 14: Benchmark Sensex tumbled 530 points and the broader Nifty shed 172 points in early trade on Wednesday as concerns over further rate hikes by the US Federal Reserve to tame inflation and weak global cues spooked investor sentiments.After four continuous sessions of gains, the 30-share...
Many nations showing interest in rupee trade: Sitharaman
Business

Many nations showing interest in rupee trade: Sitharaman

New Delhi, Sep 13: Union Finance Minister Nirmala Sitharaman on Tuesday said many countries have shown interest in having rupee trade with India. Speaking at the Mindmine Summit 2022 here, Sitharaman said that positive response has come from many nations across the world, which have said that it...
NBFCs
Business

NBFCs' asset growth set to touch four-year high in FY23: Crisil Ratings

Mumbai, Sep 12: Non-bank lenders' asset growth will jump to a four-year high of 11-12 per cent this fiscal, a ratings agency said on Monday. The non-bank finance companies (NBFCs) segment has witnessed three consecutive years of constrained asset growth due to the COVID-19 pandemic, with the...
Indian telcos to spend $19.5 bn on 5G infra by 2025: GSMA
Business

Indian telcos to spend $19.5 bn on 5G infra by 2025: GSMA

New Delhi, Sep 10: The telecom carriers in India are expected to invest around $19.5 billion in the development of advanced infrastructure for 5G by 2025, according to a GSMA report. The report showed that 5G could benefit the Indian economy by $455 billion between 2023 and 2040, or more than 0.6...
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