The domestic currency in trade on December 2, 2021 has depreciated to day's low of 75.085 as against the US dollar. Last at the time of writing this copy, at around 11:59 am, the currency traded at 74.988, weak by 0.02
Starting next month, customers will have to pay 21 per transaction, instead of 20 if they exceed the monthly limit of free transactions
According to an announcement by the company, Hero Electric now has over 36 per cent market share, according to latest market data.
Venkaiah Naidu said that this was not the first time when members of the House were suspended, adding that such action has been taken as many as 11 times from 1962 till 2010.
He will be an equity partner in the company
While hearing a plea seeking steps to rein in air pollution in the national capital earlier this week, the Supreme Court had asked the Central government to explain what it was doing about construction activities in areas in its jurisdiction.
Technology for MSMEs: Mastercard intends to bring 50 million micro and small businesses worldwide into the digital economy by 2025.
Many imported items meet the demand of fast expanding telecom, power industry, says Minister.
HDFC Bank hikes FD rates: Senior citizens continue to get 50 basis points higher interest rates than the general public
The program aims to develop world-class industrial nodes buttressed by efficient urban agglomerations.
The road logistics market in India is expected to grow at a compounded annual growth rate of 8 per cent in the next five years, to reach USD 330 billion by 2025, as per a report. This growth will be fueled
Cryptocurrency Scams in India: Scammers are leveraging compromised YouTube accounts to promote fake cryptocurrency giveaways for Bitcoin, Ethereum, Dogecoin, Cardano, Ripple, Shiba Inu and other cryptocurrencies, says research.
MacCallum is the first non-Indian director of ATL and the second women director to join the board
Projected to become a cyclone in the next 24 hours
The ad has been conceptualised by RIOs marketing team at Nobel Hygiene Pvt Ltd and the production was led by Schbang Motion Pictures
The sales growth including domestic sales and exports went down by 15 per cent selling 27,681 units as compared to 32,726 units sold a year ago.
Maharashtra cabinet will soon consider the new draft wine policy of the state to be executed from January 2022 to replace the existing policy drafted 20 years ago that lapses this month. The government is expected to impose 10% excise duty on wine sales, 50% of which is proposed to be used for the development of the wine industry.
Nifty 50 rallied 50% and mid-and small-cap indices have done much better, since April 2020, Nifty has gone up nearly 150% and the small-cap indices by nearly 250%.
There are some major mistakes that you should avoid for a hassle-free ITR filing experience
Sengupta and Tekwani (as head of Havas CX) will continue to report to Rana Barua
When we reflect on the enormity of these challenges that stare us in the face, the impact of the current pandemic pales into relative insignificance.
ICICI Direct, US dollar increase by 0.15% yesterday amid decline in US stock markets and better than expected economic data from US. ISM Manufacturing PMI data showed activity in sector picked up, and US private payrolls suggested solid job growth.
Credit and Finance for MSMEs: Even as the government has been urging ministries, PSUs, others to clear MSME dues within 45 days, it cant force them to clear payments, former MoS Finance Anurag Thakur had told Parliament last year.
On the daily chart, we see that the Nifty remains in a downtrend despite the bounces seen in the last two sessions.
Domestic markets moved higher on Wednesday helped by positive economic data but charts are still showing a bearish bias.
Winter Session of Parliament 2021 Live News: The Opposition is expected to continue its protest against the suspension of 12 Rajya Sabha MPs over unruly behaviour.
Divergent guidelines and SoPs on mandatory Covid-19 testing and quarantine norms for travellers coming from at-risk countries could create challenges for domestic and international passengers.
In a pre-budget interaction with revenue secretary Tarun Bajaj, the industry body also suggested that the corporate tax rate be halved to 15% for MSME firms working as proprietorship/partnerships.
Wednesday was the first day of the new guidelines for international travellers being implemented for control and management of the Covid-19 variant Omicron.
Petrol and diesel prices continue to be constant for a month in the whole of the country except for Delhi. This is after Delhi slashed VAT on petrol to 19.4% from the earlier 30%, bringing down the cost of petrol by
The firm is also betting big on rural markets and adoption of digital platforms and automation, its MD & CEO Saugata Gupta said in an interaction with Rajesh Kurup. Edited excerpts:
India VIX fell down by 8.14% from 21.16 to 19.44 levels. Volatility has spiked to multi-month high levels signalling wild swings in the market.
India's indigenous Covid-19 vaccine Covaxin may provide better protection against Omicron, said experts, even as other local vaccine makers assess the efficacy of their vaccine against the mutated variant Omicron.K Srinath Reddy, president of Public Health Foundation of India (PHFI), said: It is only the inactivated vaccines like Covaxin which have a much broader exposure because they are using the full virus which have many antigens. He called for laboratory and clinical tests to understand how the Omicron variant, which has the highest spike protein mutations among all the variants, behaves with vaccines. The likelihood of some immune escape from vaccines is there because most of the vaccines, whether they are mRNA vaccines or virus vector vaccines...are directed only against the spike protein, he said. Samiran Panda, head of epidemiology and infectious diseases at the Indian Council of Medical Research (ICMR), echoed the same and said that scientific conjecture would say that Covaxin might be more effective.We now know that there are a whole lot of mutations at the spike protein variant or the receptor binding domain of the virus, so, may be, those vaccines which are specifically directed towards that part of the virus then the vaccine might turn out to be ineffective. From that perspective Covaxin is a whole virion-killed vaccine platform, nobody knows how things will unfold in real life, but scientifically speaking, one could always have some hope rested. But scientific conjecture would say that Covaxin might be more effective, he said.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Entering the weekly Futures & Options expiry session, SGX Nifty was deep down in red hinting at a reversal of yesterdays positive momentum.
Maruti Suzuki, the nation's automobile market leader known for its small and affordable cars, is making a big shift to sport utility vehicles, and will have a range of SUVs priced up to 20 lakh in the next three years.The maker of the Alto and Wagon R intends to launch four new SUVs starting at 10 lakh, adding more options to the Vitara Brezza for customers who want to upgrade from a small car to a Maruti Suzuki SUV, people with knowledge of the plans said.The company believes the lack of upgrading options in SUVs in its portfolio was taking such customers to rivals like Hyundai, Kia, Mahindra & Mahindra and Tata Motors, which all offer a range of products priced 10-20 lakh, they said.While trying to fill that gap in its product line, the local unit of Japan's Suzuki Motor will also be taking its core USP of fuel efficiency into the SUVs.The new range of SUVs will offer CNG and hybrid systems along with petrol powertrains, allowing it to offer double-digit fuel efficiency in large SUVs too, the people said.A Maruti Suzuki spokesperson told ET that customer preferences were evolving and that the company was consistently working at bringing new products by closely monitoring the market trends and customer demands. Co may Launch Futuro Concept However, as per our policy, at this time we cannot give any future guidance on new product lines. We will share with you relevant details in due time, the spokesperson added.88040446In a presentation shared with dealers in November, Maruti Suzuki informed the channel partners that the company would have four new options in the SUV segment, starting from a compact sub-four-metre vehicle to a 4.4-metre, seven-seat SUV.Including these, the company aims to have a portfolio of more than half a dozen utility vehicles in India, including its existing UVs like the Ertiga, the people said. Much like the cars, Maruti Suzuki intends to have an option at every 50,000 price point in the SUV range, they said. It markets the Ignis as an 'urban SUV', with prices ranging from 5.5 lakh to 8.5 lakh. The company is expected to launch the Futuro concept crossover on the Baleno platform, codenamed YTB, in 2022 to take on the Tata Nexon. The YTB crossover will sit alongside the Vitara Brezza, which is due for a facelift. The YTB and the Brezza are positioned in the 8-12 lakh range.It will bring in the Suzuki Jimny off-roader, codenamed YWD, which will come with three-door and five-door options to take on the Mahindra Thar. It is likely to be priced 10-15 lakh.Vehicles in Tieup with ToyotaTwo vehicles developed in association with Toyota Motor as part of their global partnership will likely be launched next year and the year after. A 4.2-metre SUV, internally codenamed the YFG, will position itself against the Hyundai Creta, while the larger 4.4-meter vehicle will take on the Tata Safari and Mahindra XUV 700. These are likely to be positioned in the 10-20 lakh range.These new models are likely to bring an incremental output of close to half a million units in the coming two to three years, said one of four people in the know ET spoke to.Experts say, just like Maruti's entry into sub-4 meter SUV market with Brezza several years ago expanded the segment, the new launches are further expected to offer a fillip to the already growing SUV market in 10-20 lakh space. Maruti Suzuki senior executive director Shashank Srivastava in a recent interview to ET had said if other global markets were a precedent, the SUV segment should grow to around 45-48% of the Indian market from 39% at present, which suggested further headroom for growth in the segment.
However, after a record $35.7 bn in Oct, export of goods drops below $30 bn
Mylab Discovery Solutions, Suburban Diagnostics, Metropolis Healthcare are among the diagnostic companies that have set up labs at the airports and are ramping up capacity to deal with the surge in testing volumes by adding more counters.
While the apex court's had directed that the arbitrators will themselves fix their fees, to be borne equally by both the parties, ONGC had insisted on paying the fees as per the clause in its contract.
As per Jio, either porting SMSes are made free and everyone can send it, despite the benefits of the plan, or the mechanism for porting should be changed, wherein the requirement of SMS is not there. Thirdly, SMSes should be made mandatory in all the plans.
The baseline view points towards rising inflation, cyclical recovery and policy normalisation
Ramming through legislation besmirches the dignity of Parliament as much as unruly and disruptive conduct
Of course, imports were driven partly by a spill-over of pent-up domestic demand that remained mostly muted in the wake of the pandemic. But import bill was greatly inflated by elevated global crude oil prices and massive purchases of coal, cooking oil and gold.
we need to make hardware PLI more responsive and take a pragmatic view on Chinese investment in India in the space
Swamy, a doyen of advertising, chairman of R K Swamy Hansa group, has held leadership positions in many industry bodies at a national and global level.
Devices like WMS, sensors, RFID tags, and AGVs in a smart warehouse are connected and communicate information regarding the products, their location, status, etc.
Tarbull MusicMate 550 has an ergonomic design, monstrous 35-hour battery life and ultra-fast charging
Indian talent has been at the core of Samsung Semiconductor India R&Ds success story. The countrys product and enterprise needs make it a perfect place to set up R&D centres. Can chip making be also round the corner?
The Centre continues to subsidise freight for domestic LPG deliveries in far-flung areas
Electric mobility firms Olectra Greentech Limited and Evey Trans Private Limited have received a letter of award (LOA) from the Goa government-run Kadamba Transport Corporation Limited (KTCL) for 100 electric buses under the Centre's FAME-II scheme, a senior official said. The order is for the supply of 100 electric buses on a Gross Cost Contract (GCC) / OPEX model basis for a period of 12 years. K V Pradeep, chairman and managing director, Olectra Greentech Limited, said Evey Trans will procure these 100 electric buses from Olectra Greentech and delivery will be over a period of 12 months. During the contract period, the company will undertake the maintenance of these buses. With this new order, the total order book is around 1,530 for electric buses after considering the deliveries already made. The value of this 100 bus contract is approximately Rs 140 crore, he said. Pradeep added, Olectra is privileged to get the second order from Kadamba Transport Corporation Limited (KTCL), Goa. Our state-of-the-art electric buses have proved their reliability and efficiency. He said his company is successfully operating 30 eco-friendly electric buses in Goa, and delivered another five buses recently. The lithium-ion (Li-ion) battery in the bus enables it to travel up to 200 KMs on a single charge based on traffic conditions, he added.
Linking the subjects can pave way for non-trade barriers, says official
The production of state-owned Coal India rose by 4 per cent to 53.8 million tonnes in November compared to 51.7 million tonnes in the same month a year ago, a regulatory filing said on Wednesday. The company's output in the April-November period also increased to 353.4 MT from over 334.5 MT in the year-ago period, the filing said. Coal India accounts for over 80 per cent of domestic coal output. The company is eyeing one billion tonnes of production by 2023-24.
Spike in input costs being passed on to consumers, thereby impacting consumption
The electronics manufacturing industry's commitment and assurance to drive USD 300 billion revenue by 2025-26 offers great confidence, IT Minister Ashwini Vaishnaw said on Wednesday.Speaking at Azadi Ka Digital Mahotsav', a week-long event that showcases India's achievements in digital space, Vaishnaw highlighted that the world is now opening up towards India and considering the country as a manufacturing hub.It gives me great confidence when the electronics manufacturing industry today has committed and assured us of USD 300 billion revenue by 2025-26. When we were reviewing what should be our target, even 25 per cent seemed impossible but now I think even 30 per cent is achievable, the minister said.The country is taking a lead in telecom, he said adding India's 5G stack will be the first virtualized 5G stack in the world.Vaishnaw also awarded 18 ESDM (Electronics System Design and Manufacturing) companies for their contribution in the field of electronics manufacturing, according to an official release.
This is a part of our effort at cooperative federalism that we want to visit and engage with all states, Kumar said
The states with more than 1 lakh registrations are Uttar Pradesh (2.61 lakh), West Bengal (1.08 lakh) and Bihar (1.02 lakh), a ministry statement said
Both Honor 60 Pro and Honor 60 run Honors Magic UI 5.0 software based on Android 12.
The new campaign features athlete PT Usha
India's merchandise exports rose to $29.88 billion for the month from $23.62 billion in the same period last year, while imports rose to $53.15 billion in November from $33.81 billion last year.
Congress said that it is neither going to get intimidated by these tactics nor it is going to withdraw even an inch from its age-old commitment to raise issues concerning people.
During the second wave, Portea introduced oxygen therapy for COVID patients, ICU care, chemotherapy and a number of homecare solutions for cancer patients.
According to International Diabetes Federation (IDF), one in 10 adults around the world - some 537 million people - are currently living with diabetes
Financial Express Online talked to Ritesh Talpatra, MD India of Optum, which is a part of global healthcare company United Health.
The BSF DG brushed aside the apprehensions that the force was trying to act as parallel police, and added that the powers to investigate and file charge sheets remain with the state police.
Major items of import from China include telecom instruments, computer hardware, fertiliser, electronic components, chemicals and drug intermediates
The UAE T20 League is a professional franchise-based T20 format cricket tournament with six franchise teams
Bengaluru-based intra-city commute solution provider Tummoc has partnered with Rapido to provide first and last mile connectivity. Tummoc currently operates in Bengaluru, Hyderabad, and Kolkata.
The lab has collaborated with the University of Pittsburgh Medical Center (UPMC), one of the top ranked hospitals in the United States, which allows them to work with the worlds leading clinicians.
The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition filed by Kotak Mahindra Bank along with a director of debt-ridden McNally Sayaji Engineering Ltd (MSEL) to set aside insolvency proceedings against the manufacturer of mineral processing equipment.A two-member NCLAT bench upheld the orders of the Kolkata bench of the National Company Law Tribunal (NCLT), which had on February 11, 2021, admitted a plea by ICICI Bank and directed to initiate insolvency proceedings against MSEL.The NCLT order was challenged by Kotak Mahindra Bank and a director of the suspended board of MSEL before the appellate insolvency tribunal NCLAT.Kotak Mahindra Bank had contended that besides it, four other banks -- ICICI Bank, DBS, IDBI and SBI -- had advanced loans to MSEL and NCLT had failed to appreciate that more than 50 per cent members of the lenders' consortium had opposed initiation of corporate insolvency resolution process (CIRP), as they were considering restructuring of loan outside the IBC.Restructuring of loans is more beneficial to the creditors as they will not have to take a haircut, Kotak Mahindra Bank had submitted.In the eventuality of a resolution plan being implemented or liquidation process being initiated, financial creditors, including Kotak Mahindra Bank, will have to take a haircut, it added.Moreover, the appellant contended that the case was not maintainable as it was filed after the permissible period of three years after the default.However, ICICI Bank opposed both the petitions.It said the account of MSEL was classified as NPA on March 31, 2019 and loan recall notice was issued on January 3, 2020 -- thus the application was filed within three years from the date of acknowledgement.ICICI Bank further said Kotak Mahindra Bank's appeal was not maintainable and filed at the behest of MSEL.Moreover, Kotak Mahindra Bank has not raised any challenge to the existence of debt, default and completeness of the application filed by ICICI Bank. The CIRP is not adversarial to the interest of the corporate debtor or its creditors, it said.The Insolvency and Bankruptcy Code (IBC) is a beneficial legislation for equal treatment to the creditors and to revive MSEL, submitted ICICI Bank.Rejecting the submissions of the appellant, the NCLAT said the Supreme Court has already held that the date on which a bank declares an account of corporate debtor as NPA is the date of default. In the present case, the MSEL acocount was classified as NPA on March 31, 2019.NCLAT said Kotak Mahindra Bank has no valid ground to challenge the NCLT order and it was convinced with the argument of Counsel for the Respondent No 1 (ICICI Bank) and hold that the Appellant has no locus standi to file this appeal.The appellant has failed to point out any legal or factual flaw in the impugned order, it added.With the aforesaid discussion, we are of the view that no interference is called for in the impugned order. Thus, the Appeals are dismissed, said NCLAT.On Kotak Mahindra Bank's plea to consider restructuring of debt outside the purview of IBC, the appellate tribunal said NCLT was aware of the proposal but the lenders' consortium has not filed any application for deferment of the proceedings before it.There is no duty cast on the NCLT that no sooner NCLT gets information that outside the purview of IBC any restructuring proposal is under consideration before the consortium of lenders then...(it) should defer the proceedings for initiation of CIRP, it said.In the present case, MSEL has committed default and the application is complete, Therefore, NCLT has no option except to admit the plea to initiate the insolvency process, it said.
Subramanian Swamy has been raising the issue of Chinese incursion into Indian territory.
Sirsa said that he resigned as the president of the Delhi Sikh Gurdwara Management Committee as he did not want people to believe that he joined the BJP to save his post.
Manufacturing sector showing tentative signs of pick-up in hiring, says IHS Markit report
According to Axis My India report, OTT penetration stands at 27%
South Korea's second-largest automaker Kia on Wednesday said its sales fell 13 percent last month from a year earlier as a global chip shortage continued to affect its production.Kia sold a total of 2,22,232 vehicles in November, down from 2,56,215 units a year ago, the company said in a statement.Domestic sales declined 8.9 per cent on-year to 46,042 units last month from 50,523, while exports were down 14 per cent to 176,190 from 205,692 during the cited period, reports Yonhap news agency.Kia said the continued chip shortage and resurgence of Covid-19 cases are to blame for the lacklustre sales last month, saying it will adjust the production schedules to minimise the part shortage's impact on its factory operations.From January to November, sales rose 7.6 per cent to 2.57 million autos from 2.39 million units in the same period of last year.Recently, Hyundai Motor and affiliate Kia unveiled their electric concept SUVs at the Los Angeles Auto Show as they strengthen their all-electric portfolios in line with rival carmakers' electrification push.Hyundai and Kia debuted the large-sized Seven and flagship EV9 concept models built on Hyundai Motor Group's dedicated EV platform, called E-GMP, at the US motor show during a two-day media preview.The carmakers are planning to gradually phase out combustion-engine cars in global markets as governments are adopting more aggressive policies to fight climate change.
Vehant Technologies is a pioneer in artificial intelligence/machine learning-based physical security, surveillance, traffic monitoring, covid, and junction enforcement solutions. To understand how Vehants Traffic Management System works, we interact with Anoop G Prabhu, CTO, and Co-Founder - Vehant Technologies.
The Carl Pei-led consumer technology company revealed that the Ear (1) was now also carbon neutral.
The announcement comes at a time when the brand is increasing its focus on the hair care category