• 

  Govt approves Rs 6,238 cr PLI scheme for air-conditioners, LED lights

  April 07, 2021 17:25 IST

  The government on Wednesday approved a production-linked incentive scheme for air-conditioner and LED light sectors with an outlay of Rs 6,238 crore.

• 

  Salasar launches heavy structural steel manufacturing unit in UP, to generate 1,000 jobs

  April 07, 2021 15:20 IST

  Salasar Techno Engineering's new plant in Hapur will give employment to more than 1000 people including contracted labor.

• 

  NEFT, RTGS money transfer services extended beyond banks: RBI Governor Shaktikanta Das

  April 07, 2021 16:21 IST

  NEFT, RTGS money transfer services has been extended to payments banks by the RBI.

• 

  Reserve Bank of India retains GDP growth forecast at 10.5% for FY22

  April 07, 2021 14:31 IST

  The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic. 

• 

  RBI to mandate interoperability among prepaid payments instruments: Shaktikanta Das

  April 07, 2021 14:10 IST

  Governor Das said prepaid payments instruments (PPIs) were given the option to become interoperable, wherein customers of one company can send funds to customers of other PPIs or banks. 

• 

  Payment banks' balance limit hiked from Rs 1 lakh to Rs 2 lakh with immediate effect

  April 07, 2021 13:57 IST

  Payments banks are just like any other bank, but operate on a smaller scale. RBI has hiked the maximum deposit limit from Rs 1 lakh to Rs 2 lakh. 

• 

  RBI to set up panel to undertake comprehensive review of Asset Reconstruction Companies

  April 07, 2021 14:03 IST

  After enactment of SARFAESI Act in 2002, regulatory guidelines for ARCs were issued in 2003 to enable development of this sector and to facilitate smooth functioning of companies.

• 

  Airtel, Reliance Jio announce spectrum trading agreement

  April 07, 2021 12:35 IST

  Airtel will receive a consideration of Rs 1,037.6 crore from Jio for proposed transfer. Jio will assume future liabilities of Rs 459 crore relating to the spectrum.

• 

  RBI targets 5.2 per cent retail inflation for first half of FY22

  April 07, 2021 12:02 IST

  The food inflation trajectory will critically depend on temporal and special progress of southwest monsoon in the 2021 season.

• 

  92% target achieved in phase 1 of Pradhan Mantri Awas Yojana - Gramin

  April 07, 2021 11:49 IST

  The Pradhan Mantri Awas Yojana - Gramin (PMAY-G), a flagship programme of the Modi government, has achieved 92 per cent target of its phase one.

• 

  Sensex jumps around 200 points in opening trade, Nifty tests 14,750

  April 07, 2021 10:49 IST

  30-share BSE index was trading 199.01 points or 0.40 per cent higher at 49,400.40 and broader NSE Nifty advanced 68.90 points or 0.47 per cent to 14,752.40.

• 

  Lodha Developers IPO opens for subscription today: Check price band, listing date and more

  April 07, 2021 10:28 IST

  IPO of Lodha Developers, now renamed Macrotech Developers, will open for subscription on Wednesday. 

• 

  RBI maintains status quo on policy rate, repo unchanged at 4%

  April 07, 2021 10:16 IST

  The Reserve Bank of India has maintained status quo fifth time in a row on policy rate. The bank has kept repo unchanged at 4 per cent.

• 

  Forbes richest billionaires list: Mukesh Ambani India's richest with $84.5 bn, Gautam Adani 2nd

  April 07, 2021 8:26 IST

  Amid the Covid-19 pandemic, Ambani accomplished a fund-raising feat, garnering $35 billion through a string of deals to achieve his target of reducing his flagship Reliance Industries' net debt to zero by 2021.

• 

  IMF projects India's growth rate to jump to impressive 12.5 per cent in 2021

  April 06, 2021 18:16 IST

  Notably in 2020, India's economy contracted by a record eight per cent, the International Monetary Fund (IMF) said as it projected an impressive 12.5 per cent growth rate for the country in 2021.

• 

  Employees of IndiGo subsidiary go on strike in Goa; flights slightly delayed

  April 06, 2021 18:03 IST

  A section of employees of IndiGo subsidiary Agile went on a strike on Tuesday in Goa demanding an immediate pay increment, causing the airline's flights to be slightly delayed.

• 

  Jio inks pact with Airtel for acquisition of some spectrum; deal value at Rs 1,497 crore

  April 06, 2021 17:43 IST

  Through this agreement, Airtel will receive a consideration of Rs 1,037.6 crore from Jio for the proposed transfer. In addition, Jio will assume future liabilities of Rs 459 crore relating to the spectrum, Bharti Airtel said in a separate statement.

• 

  Sensex, Nifty end marginally higher after choppy trade

  April 06, 2021 16:11 IST

  Equity benchmarks Sensex and Nifty ended marginally higher on Tuesday, tracking high volatility amid concerns over the economic impact of the second wave of coronavirus infections in the country.

• 

  Gurugram-based startup develops air purifier that 'kills' 99% coronavirus

  April 24, 2021 14:05 IST

  Gurugram-based startup O2Cure has claimed to develop a purifier that kills COVID-19 nearly 99 per cent from air to surface.

• 

  Gold Price Today: Gold rises Rs 83; silver gains Rs 62

  April 06, 2021 15:30 IST

  Gold prices in the national capital rose by Rs 83 to Rs 45,049 per 10 gram on Tuesday following rally in international precious metal prices, according to HDFC Securities. 

• 

  Tata Steel hits Rs 1 lakh crore in market capitalisation, stock touches 52-week high

  April 06, 2021 15:16 IST

  Tata Steel shares hit 52-week high on Tuesday, pushing the company's market capitalisation to reclaim Rs 1 lakh crore-mark. 

• 

  IRCON International announces bonus shares in ratio of 1:1

  April 06, 2021 11:09 IST

  IRCOn share price, IRCON share bonus: IRCON International will give bonus in ration of 1:1 to its share holders. 

• 

  Sensex jumps over 300 points in trade, Nifty reclaims 14,700 level

  April 06, 2021 10:21 IST

  PowerGrid was top gainer in Sensex pack, rising over 2 per cent, followed by M&M, NTPC, IndusInd Bank, Bajaj Finance, Sun Pharma and Infosys etc.

• 

  Barbeque Nation IPO listing tomorrow: Grey market premium falls, weak listing likely

  April 06, 2021 9:15 IST

  Barbeque Nation IPO will be listed on the NSE and BSE on Wednesday (April 7). The grey market premium of Barbeque Nation has fallen to Rs 10.

• 

  Income Tax department launches offline utility for ITR 1, 4 

  April 05, 2021 19:22 IST

  The offline utility is available on the e-filing portal and is based on new technology “JSON” (JavaScript Object Notation), which is a light weight format for storing data.

• 

  RBI's MPC starts deliberating on next monetary policy

  April 05, 2021 17:25 IST

  RBI Governor Shaktikanta Das-headed rate-setting panel MPC started its three-day deliberation on the next monetary policy on Monday amid sudden surge in COVID-19 cases and the government's recent mandate asking the central bank to keep retail inflation around 4 per cent.

• 

  Sensex tumbles 871 points; Nifty tanks below 14,650

  April 05, 2021 16:44 IST

  Equity benchmark Sensex tanked 871 points on Monday, dragged by a selloff in financial stocks as spiking COVID-19 cases spooked investors and fanned concerns over economic recovery.

• 

  BYJU'S to acquire Aakash Educational Services in $1B deal

  April 05, 2021 16:36 IST

  BYJU'S, the world's leading ed-tech company has announced its strategic partnership with Aakash Educational Services Limited (AESL). According to sources, the deal is worth close to USD 1 billion (about 7,300 crores) -- making it the biggest acquisition by Byju's to date.