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Headline
Amazon, Baido lead as Smart Displays sales hit 9.5mn units in Q3
New Delhi, Nov 28 (IANS) Move beyond smart speakers as smart displays have come of age and in Q3, the sales of smart display speakers rose by 21 per cent (on-year) to reach 9.5 million units while sales of basic smart speakers (without a display) fell by 3 per cent over the same period.
2020-11-28
Category: India, Delhi,Business/Economy,Technology
NRN son-in-law Sunak in row over not declaring wife's wealth in UK ministerial register: Report
New Delhi, Nov 28 (IANS) Infosys founder N.R. Narayana Murthys son in law and UK chancellor, Rishi Sunak is facing questions over the transparency of his wealth disclosures as his wifes holding in Infosys and other ventures has not been declared in the ministerial register.
2020-11-28
Category: India, Delhi,Business/Economy,Politics
Apr-Sep FDI inflow at $30B; Mauritius, Singapore top sources
New Delhi, Nov 28 (IANS) With India being an attractive destination for foreign funds despite the pandemic, FDI inflow rose 15 per cent during the April-September period to $30 billion.
2020-11-28
Category: India, Delhi,Business/Economy
Another increase in prices of petrol, diesel
New Delhi, Nov 28 (IANS) Petrol and diesel prices were increased by oil marketing companies on Saturday as global oil prices remained firm, reaching its highest levels this fiscal.
2020-11-28
Category: India, Delhi,Business/Economy
SMBs that quickly disclose hacking face 40% less financial loss
New Delhi, Nov 28 (IANS) The small and medium businesses (SMBs) that decide to voluntarily inform about a data breach, on average, are likely to loseĀ 40 per cent less financial damage than their peers that saw the incident leaked to the media, according to a new report.
2020-11-28
Category: India, Delhi,Business/Economy,Technology,Defence/Security
IRDAI approves ICICI Lombard acquisition of Bharti Axa General
Chennai, Nov 27 (IANS) The Insurance Regulatory and Development Authority of India (IRDAI), on Friday approved, in principle, the acquisition of the non-life insurance business of Bharti Axa General Insurance Company Ltd by ICICI Lombard General Insurance Company Ltd.
2020-11-27
Category: India, Tamil Nadu,Business/Economy
India officially enters recession, but contraction in Q2FY21 GDP recedes (Roundup)
New Delhi, Nov 27 (IANS) Even though India's economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, the country, for the very first time since Independence, entered into a technical recession.
2020-11-27
Category: India, Delhi,Business/Economy
GDP numbers a surprise, but recovery still under Covid threat
New Delhi, Nov 27 (IANS) Although the 7.5 per cent contraction in the Q2 GDP came in as a surprise, giving hopes to a faster economic recovery, the pace of revival continues to be under the cloud of uncertainty amid rising Covid cases across the country.
2020-11-27
Category: India, Delhi,Business/Economy
Demand for mortgages improving on favourable market conditions
New Delhi, Nov 27 (IANS) Though Covid-19-induced lockdowns significantly affected retail and SME balance sheets, some factors such as aggressive discounting by developers, reduction in stamp duty and low interest rates resulted in a gradual surge in demand for mortgages, brokerages said on Friday.
2020-11-27
Category: India, Delhi,Business/Economy
Industry hails 'surprising' narrowing in GDP contraction
New Delhi, Nov 27 (IANS) India Inc expressed surprise over the narrowing of the GDP contraction for July-September to 7.5 per cent and said that the numbers are better than anticipation.
2020-11-27
Category: India, Delhi,Business/Economy
NSE expels Anugrah Stock & Broking, declares it defaulter
Mumbai, Nov 27 (IANS) The National Stock Exchange has expelled Anugrah Stock & Broking Pvt Ltd from its membership and declared the firm as a defaulter.
2020-11-27
Category: India, Maharashtra,Business/Economy
India officially enters recession, but contraction in Q2 GDP recedes (2nd Ld)
New Delhi, Nov 27 (IANS) Even though India's economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, the country for the very first time since Independence entered into a technical recession.
2020-11-27
Category: India, Delhi,Business/Economy
India's Apr-Oct fiscal deficit at around 120% of budgeted target
New Delhi, Nov 27 (IANS) India's budgetary fiscal deficit for the April-October 2020-21 period stood at Rs 9.53 lakh crore, or 119.7 per cent of the budget estimates (BE).
2020-11-27
Category: India, Delhi,Business/Economy
India's foreign exchange reserves rise by over $2.5 bn
Mumbai, Nov 27 (IANS) India's foreign exchange reserves rose $2.51 billion during the week ended November 20.
2020-11-27
Category: India, Maharashtra,Business/Economy
Profit booking, global volatility dent equities, IT stocks fall (Roundup)
Mumbai, Nov 27 (IANS) The Indian equity markets closed on a flat-to-negative note on Friday as minor profit booking, along with global volatility, dented investors' sentiment.
2020-11-27
Category: India, Maharashtra,Business/Economy
India's Apr-Oct fiscal deficit at around 120% of budgeted target
New Delhi, Nov 27 (IANS) India's budgetary fiscal deficit for the April-October 2020-21 period stood at Rs 9.53 lakh crore, or 119.7 per cent of the budget estimates (BE).
2020-11-27
Category: India, Delhi,Business/Economy
WinZO is co-powered sponsor for Ind-Aus series on Sony Liv
New Delhi, Nov 27 (IANS) WinZO, the vernacular social gaming platform, is set to be an official sponsor on SonyLIV for the India's tour of Australia.
2020-11-27
Category: India, Delhi,Sports,Business/Economy,Cricket
PSUs hit 39% of FY21 CAPEX target, FM calls for more efforts
New Delhi, Nov 27 (IANS) Central Public Sector Enterprises (CPSE) have achieved 39.4 per cent of their capital expenditure (CAPEX) target with an expenditure of Rs 24,227 crore so far.
2020-11-27
Category: India, Delhi,Business/Economy
GDP contraction shrinks to 7.5%, CEA says 'encouraging'
New Delhi, Nov 27 (IANS) Chief Economic Adviser (CEA) Krishnamurthy Subramanian on Friday described the narrowing of GDP contraction to (-)7.5 per cent in the second quarter of FY21 as "encouraging" in the backdrop of the Covid-19 pandemic.
2020-11-27
Category: India, Delhi,Business/Economy
Keep aside amount equivalent to LVB's share capital: Madras HC to DBS Bank India
Chennai, Nov 27 (IANS) The Madras High Court on Friday passed an order, asking DBS Bank India Ltd to give an undertaking that it would compensate the shareholders of 94-year-old Lakshmi Vilas Bank (LVB) in case the writ petition filed against the amalgamation scheme is decided against it, said the petitioner's advocates.
2020-11-27
Category: India, Tamil Nadu,Business/Economy,Immigration/Law/Rights
Contraction in Oct core industrial output widens on sequential basis
New Delhi, Nov 27 (IANS) The contraction in India's eight major industries widened in October on a sequential basis, as the output pace receded by (-)2.5 per cent.
2020-11-27
Category: India, Delhi,Business/Economy
Contraction in Q2FY21 GDP recedes, but India officially enters recession (Ld)
New Delhi, Nov 27 (IANS) Even though India's economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, the country for the very first time since Independence entered into a technical recession.
2020-11-27
Category: India, Delhi,Business/Economy
Contraction in India's Q2FY21 GDP recedes, still down by (-) 7.5%
New Delhi, Nov 27 (IANS) India's economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, as the year-on-year contraction in the country's GDP receded to (-) 7.5 per cent from (-) 23.9 per cent in the previous quarter, official data showed on Friday.
2020-11-27
Category: India, Delhi,Business/Economy
Nivar weakens into low-pressure area over south Andhra
Amaravati, Nov 27 (IANS) The very severe cyclonic storm Nivar weakened into a well-marked, low-pressure area over south coastal Andhra Pradesh and adjoining west central Bay of Bengal by Friday morning.
2020-11-27
Category: India, Maharashtra,National,Business/Economy,Politics
Facebook Libra's first digital coin arriving in January: Report
New Delhi, Nov 27 (IANS) The Libra Association, which manages Facebook's cryptocurrency project, will launch a single coin backed by one dollar as early as January, The Financial Times reported on Friday.
2020-11-27
Category: India, Delhi,Business/Economy,Technology
Hyd airport introduces IoT enabled smart baggage trolleys
Hyderabad, Nov 27 (IANS) The Rajiv Gandhi International Airport here has introduced 'Internet of Things' (IoT) enabled smart baggage trolleys.
2020-11-27
Category: India, Andhra Pradesh,Business/Economy
HOEC tries multiple times but fails to acquire Jubilant group oil assets
New Delhi, Nov 27 (IANS) In March 2017, JEKPL an oil and gas holding interest in prolific Kharsang Oil Field, located in North East, was referred to the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC).
2020-11-27
Category: India, Delhi,Business/Economy
Tear gas shells used to disperse protesters at Singhu border
New Delhi, Nov 27 (IANS) Thousands of farmers, who set out at dawn after the night's rest at whatever destination they reached starting 24 hours back, were welcomed with chilled waters of water cannons at Delhi borders -- Tikri, Singhu.
2020-11-27
Category: India, Delhi,National,Business/Economy,Politics
Chhattisgarh to commence paddy procurement from Dec 1
New Delhi, Nov 27 (IANS) The Chhattisgarh government will commence the paddy procurement process from December 1, Chief Minister Bhupesh Baghel has said.
2020-11-27
Category: India, Delhi,National,Business/Economy,Politics
DHFL's Q2 net loss narrows to Rs 2,122 Cr
Mumbai, Nov 27 (IANS) The insolvent Dewan Housing Finance Corporation Ltd has reported a consolidated net loss of Rs 2,122.65 crore for the July-September period.
2020-11-27
Category: India, Maharashtra,Business/Economy
Petrol, diesel price move up by a higher margin
New Delhi, Nov 27 (IANS) Petrol and diesel rates rose sharply on Friday as global oil prices remained firm reaching its highest levels this fiscal.
2020-11-27
Category: India, Delhi,Business/Economy
Equity indices trade flat; banking, finance stocks subdued
Mumbai, Nov 27 (IANS) The key Indian equity indices traded on a flat-to-negative note on Friday morning.
2020-11-27
Category: India, Maharashtra,Business/Economy
Risk premium for Basel III instruments to increase: ICRA
Chennai, Nov 27 (IANS) The risk premium for Basel III security instruments is expected to increase for weaker banks with the Reserve Bank of India (RBI) on Thursday asking Lakshmi Vilas Bank to write down Rs 318.20 crore of its Tier 2 bonds, said a senior official of credit rating agency ICRA Ltd.
2020-11-27
Category: India, Tamil Nadu,Business/Economy
Etailers log record Rs 61,253 crore sales in India festive month
Bengaluru, Nov 27 (IANS) The festive online sales in India beat industry estimates to clock $8.3 billion (nearly Rs 61,253 crore) in the October 15-November 15 period ? an impressive growth of 65 per cent (on-year), a new report said on Friday.
2020-11-27
Category: India, Karnataka,Business/Economy,Technology
Samsung's global smartphone profits largest in 6 years in Q3
Seoul, Nov 27 (IANS) Samsung Electronics narrowed the gap with Apple in terms of profit shares in the third quarter, with more than 30 per cent smartphone market share globally, a new report said on Friday.
2020-11-27
Category: International, South Korea,Business/Economy,Technology
Xi addresses opening ceremony of China-ASEAN Expo
Beijing, Nov 27 (IANS) Chinese President Xi Jinping on Friday addressed the opening ceremony of the 17th China-ASEAN Expo and China-ASEAN Business and Investment Summit via video.
2020-11-27
Category: International, China,Business/Economy,Politics
China to further promote consumption upgrade
Beijing Nov 27 (IANS) China will further boost its consumption upgrade and maintain a stable market in 2021, according to the Ministry of Commerce (MOC).
2020-11-27
Category: International, China,Business/Economy
Gold jewellery retail industry expects demand recovery in H2FY21: ICRA
New Delhi, Nov 26 (IANS) The gold jewellery retail industry expects a demand recovery in H2FY21 driven by higher number of occasions like festivals and weddings, ratings agency ICRA said on Thursday.
2020-11-26
Category: India, Delhi,Business/Economy
RBI asks LVB to write down Rs 318.20 crore of Tier 2 bonds
Chennai, Nov 26 (IANS) In a sudden turn of events, some hours before the amalgamation of the Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd is to take effect, the Reserve Bank of India (RBI) on Thursday gave a Rs 318.20 crore relief to DBS Bank.
2020-11-26
Category: India, Tamil Nadu,Business/Economy
ECLGS 2.0: Principal to be paid in 48 installments post 1-yr moratorium
New Delhi, Nov 26 (IANS) With the Centre extending the Emergency Credit Line Guarantee Scheme (ECLGS) to 26 sectors, borrowers under the extended programme - ECLGS 2.0 -- will have to repay the principal amount in 48 installments after the one-year moratorium.
2020-11-26
Category: India, Delhi,Business/Economy
Mumbai HC admits writ petition for compensation to LVB shareholders
Chennai, Nov 26 (IANS) Shareholders of the 94-year-old Lakshmi Vilas Bank (LVB) have started knocking the doors of justice for a fair valuation of their bank, the amalgamation of which takes effect from Friday onwards.
2020-11-26
Category: India, Tamil Nadu,Business/Economy,Immigration/Law/Rights
VW to face action for cheat devices, SC junks plea on quashing FIR
New Delhi, Nov 26 (IANS) The Supreme Court on Thursday dismissed a special leave petition (SLP) filed by German car manufacturer Skoda-Volkswagen (VW) seeking to quash an FIR registered over alleged installation of cheat emissions devices in its vehicles.
2020-11-26
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
CBDT to validate UDIN from ICAI portal for tax audit reports
New Delhi, Nov 26 (IANS) As part of its efforts to curb fake tax audit certifications by non-chartered accountants, the Income Tax Department on Thursday said that its e-filing portal has completed integration with the Institute of Chartered Accountants of India (ICAI) portal for validation of Unique Document Identification Number (UDIN).
2020-11-26
Category: India, Delhi,Business/Economy
Peter Kerkar of Cox & Kings arrested by ED in money laundering case
New Delhi, Nov 26 (IANS) The Enforcement Directorate has arrested travel firm Cox and Kings' promoter Peter Kerkar in an alleged money laundering case, as per reports.
2020-11-26
Category: India, Delhi,Business/Economy,Crime/Disaster/Accident
P&G companies fined Rs 241 cr for not passing on GST cut benefits (Ld)
New Delhi, Nov 26 (IANS) The National Anti-Profiteering Authority (NAA) has imposed a fine of over Rs 241.5 crore on P&G Home Products, P&G Hygiene and Healthcare and Gillette India Ltd for not passing on benefits of GST rate cut to the consumers.
2020-11-26
Category: India, Delhi,Business/Economy
LG Electronics to establish new biz centre in US
Seoul, Nov 26 (IANS) LG Electronics on Thursday said it will set up a new business unit in the United States to seek future growth opportunities.
2020-11-26
Category: International, South Korea,Business/Economy,Technology
53% in India willing to switch jobs to avail remote work: Survey
Bengaluru, Nov 26 (IANS) More than half of the office-goers in India are willing to switch jobs if it meant they could work remotely, said a new survey on Thursday.
2020-11-26
Category: India, Karnataka,Business/Economy,Technology
Premiums on insurance bought during Oct-Mar eligible under LTC scheme
New Delhi, Nov 26 (IANS) Central government employees can claim reimbursement for premiums paid for insurance policies purchased between October 12, 2020 and March 31, 2021, under the leave travel concession (LTC) cash voucher scheme.
2020-11-26
Category: India, Delhi,Business/Economy
Huge renewable energy plans lie ahead for next decade: PM Modi
New Delhi, Nov 26 (IANS) Prime Minister Narendra Modi on Thursday announced that there are huge renewable energy deployment plans for India for the next decade which are likely to generate business prospects of around $20 billion per year.
2020-11-26
Category: India, Delhi,Business/Economy,Environment/Wildlife
Disney plans to lay off 32k as pandemic hits theme parks biz
San Francisco, Nov 26 (IANS) Disney has increased the number of people it is planning to lay off in the first half of fiscal 2021 from 28,000 to 32,000, the company said in a filing with the US Securities and Exchange Commission (SEC).
2020-11-26
Category: International, Costa Rica,Business/Economy,Technology