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Renault joins hands with CERO Recycling
Business

Renault joins hands with CERO Recycling

Vehicle scrapping NEW DELHI, April 8: Auto-maker Renault India today said it has launched a vehicle scrapping programme in partnership with the country’s first organised scrap vehicle recycling company CERO. The auto-maker has launched ‘R.E.L.I.V.E’ programme in partnership with CERO Recycling, a...
Equity indices in green amid choppy trade
Business

Equity indices in green amid choppy trade

Mumbai, April 9: The key Indian equity indices traded marginally higher on Friday morning amid largely choppy trade sessions.At around 10.35 a.m., Sensex was trading at 49,860.96, higher by 114.75 points or 0.23 per cent from its previous close of 49,746.21.It opened at 49,743.39 and has so far...
SEBI slaps Rs 25-cr fine on Ambani brothers, individuals, entities
Business

SEBI slaps Rs 25-cr fine on Ambani brothers, individuals, entities

Non-compliance with takeover norms NEW DELHI, April 7: Sebi today imposed a total penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, other individuals and entities for non-compliance with takeover norms in a Reliance Industries case dating back to 2000. Others penalised by the watchdog include...
IMF projects Indian economy to grow at historic 12.5% in FY22
Business

IMF projects Indian economy to grow at historic 12.5% in FY22

COVID wave ‘concerning’: Gopinath UNITED NATIONS, April 6: India’s economy is projected to grow at the historically high level of 12.5 per cent this fiscal year, but the International Monetary Fund’s (IMF) Chief Economist Gita Gopinath cautioned that the current wave of the pandemic “is quite...
Sensex in green ahead of RBIs monetary policy announcement
Business

Sensex in green ahead of RBI's monetary policy announcement

Mumbai, April 7: The key Indian equity indices traded in the green on Wednesday morning ahead of the Reserve Bank of India's monetary policy announcement.At 10 a.m., the central bank is scheduled to make the announcement and the monetary policy committee (MPC) is expected to maintain the key lending...
RBI Guv calls for coordinated action to give tax relief on petroleum products
Business

RBI Guv calls for coordinated action to give tax relief on petroleum products

Mumbai, April 7: Reserve Bank of India Governor Shaktikanta Das on Wednesday put onus on both Centre and the States to ensure that through coordinated policy measures the cost build up in the petroleum products does not escalate further.While seeking a cut in excise and VAT levies, the RBI Governor...
Highlights of RBI monetary policy announcements
Business

Highlights of RBI monetary policy announcements

New Delhi, April 7: Following are the highlights of RBI's monetary policy for 2021-22: * RBI keeps policy rate unchanged for fifth time in a row; repo at 4 pc * Economic growth projection for current fiscal retained at 10.5 pc * RBI to maintain accommodative monetary policy stance to support growth,...
India well prepared to combat 2nd wave of COVID-19: Finmin report
Business

India well prepared to combat 2nd wave of COVID-19: Finmin report

NEW DELHI, April 5: Having successfully managed the first wave of the coronavirus pandemic, India is well prepared to combat the scourge of the second wave, the Finance Ministry’s monthly economic report said. The report further said high-frequency data indicates that India is on the path to become...
Mumbai airport starts spot fine of Rs 1,000
Business

Mumbai airport starts spot fine of Rs 1,000

Violation of COVID norms MUMBAI, April 4: Mumbai airport has started imposing a spot fine of Rs 1,000 from April 1 on the passengers violating the mandatory Covid-19 safety protocol in the wake of aviation regulator DGCA warning last week amid an increasing number of coronavirus infection cases...
Sensex tanks 1,300 points; banking, auto stocks plunge
Business

Sensex tanks 1,300 points; banking, auto stocks plunge

Mumbai, April 5: The key Indian equity indices fell on Monday morning with heavy selling in banking, finance and auto stocks.The night curfew and weekend lockdown announced in Maharashtra amid the rising number of Covid cases has weighed on the investor sentiments, analysts said.Around 10.15 a.m.,...
Govt allows further operational flexibility
Business

Govt allows further operational flexibility

GST filing NEW DELHI, April 3: The government has allowed further flexibility to tax filers operating under the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme of GST. These tax filers will now be permitted to declare invoices pertaining to movement of goods and services in their...
PAN-Aadhaar linking deadline extended till June 30
Business

PAN-Aadhaar linking deadline extended till June 30

NEW DELHI, March 31: The government today extended the deadline for linking PAN with biometric Aadhaar by three months till June 30. The Income Tax department said it has received representations from taxpayers that the last date for intimating the Aadhaar number may further be extended in the wake...
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