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Business / The New Indian Express

Mercedes-Benz delivers over 1,000 units under 'Retail of the Future' platform

Rolled out in October this year, the company said it has witnessed 'tremendous acceptance' of the new business model of 'Retail of the Future' with over 2,000 confirmed orders.

2 Dec 2021 12:46 pm
Uber, WhatsApp announce partnership to launch ride-booking via WhatsApp in India

Built on WhatsApp Business Platform, the partnership will expand access to Uber's mobility services in one of the company's largest international markets, it was stated.

2 Dec 2021 12:25 pm
LinkedIn now available in Hindi

The launch of Hindi is part of LinkedIn's vision to become a more equitable platform and allow more diverse professional communities to unlock greater value from LinkedIn, the statement said.

2 Dec 2021 11:44 am
Road logistics market in India to reach USD 330 billionby 2025: Report

As per the report, the road logistic market in India is to grow at a compounded annual growth rateof 8 per cent in the next five years making it a USD 330 billion market by 2025.

2 Dec 2021 10:54 am
Rupee slips 16 paise to 75.07 against US dollar in early trade

Besides, unabated foreign fund outflows also weighed on investor sentiments, traders said.

2 Dec 2021 10:47 am
Maruti, Hyundai hit supply bumps; joy ride for others

While Maruti and Hyundai are struggling to ramp up production, two home-grown auto firms Tata Motors and Mahindra & Mahindra continue to register growth

2 Dec 2021 9:18 am
BSNLs 4G roll-out by September 2022: Government

The minister also informed that BSNL has not partnered with any company for the provision of 5G services.

2 Dec 2021 9:16 am
JSPL builds Rs 3,000-crore war chest for port; bids for dock at Paradip Port

The Naveen Jindal-owned company has plans to expand the capacity of its Angul plant from 5.4 million tonnes (MT) at present to 25.2 MT over next 9 years.

2 Dec 2021 9:14 am
Commercial LPG prices hiked by Rs 103 per cylinder

Following the hike, the price of the 19-kg commercial cylinder will now cost Rs 2101 in Delhi, Rs 2,051 in Mumbai, Rs 2,174.50 in Kolkata, Rs 2,234.50 in Chennai.

2 Dec 2021 9:06 am
Vodafone-Idea stock Jumps 20 per cent; may surge more

The stock at its intraday high was trading in the vicinity of its 52-week high of Rs 13.80 (January 2021) and thrice the value of its 52-week low of Rs 4.55.

2 Dec 2021 9:04 am
Consumer durables sector to see 20 per centgrowth in revenue this fiscal: Crisil

White goods include washing machines, televisions, refrigerator and air conditioners while consumer electronics include fans, small kitchen and cooking appliances, and lighting products among others.

2 Dec 2021 9:02 am
Infosys, Proximus tie up for IT application transition

Through this engagement, Infosys will support Proximus key digital initiatives, IT transformation programmes and provide structural cost reduction.

2 Dec 2021 8:57 am
India-China trade gap crosses USD 30 billion till September; imports up eightper centsince 2014-15

Major items of import from China include telecom instruments, computer hardware, fertiliser, electronic components, chemicals and drug intermediates.

2 Dec 2021 8:56 am
Need to resurrect concept of gold bank to monetise physical gold: Ex-RBI deputy governor R Gandhi

He said the country needs to play along with the Indian psyche of the strong preference for physical gold and gold in the form of jewellery.

1 Dec 2021 7:44 pm
NCLAT rejects Kotak Bank's plea to set aside insolvency actionagainst McNally Sayaji Engineering

The NCLT order was challenged by Kotak Mahindra Bank and a director of the suspended board of MSEL before the appellate insolvency tribunal NCLAT.

1 Dec 2021 7:36 pm
Asian Development Bank signs pact for USD 250 million loan for National Industrial Corridor program

Mishra stated that the ADB financing supports India's NICDP that aims to develop world-class industrial nodes that are buttressed by efficient urban agglomerations and multimodal connectivity.

1 Dec 2021 7:28 pm
NTPC board appoints three additional independent directors

The board of NTPC has appointed Jitendra Jayantilal Tanna, Vivek Gupta and Vidyadhar Vaishampayan as Additional Directors (Independent Directors) in its meeting.

1 Dec 2021 6:54 pm
GST collection for November 2021 reported at Rs 1.31 lakh crore; second highest since roll out

The recent trend of high GST revenues has been a result of various policy and administrative measures that have been taken in the past to improve compliance.

1 Dec 2021 6:51 pm
Unions threaten two-day nationwide strike against proposed privatisation of public sector banks

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the past four years.

1 Dec 2021 6:42 pm
Income tax refunds of over Rs 1.29 lakh crore issued between April-November 2021

This includes Rs 16,691.50 crore worth refunds to 79.70 lakh taxpayers for Assessment Year 2021-22.

1 Dec 2021 6:38 pm
States' debt-to-GDP ratio worryingly higher than FY 2022-23 target: RBI annual report

The RBI report noted that the budgeted consolidated gross fiscal deficitof 3.7 per cent of GDP for states for the year 2021-22 - lower than the 4 per cent level as recommended.

1 Dec 2021 6:33 pm
Birla Estates to invest Rs 5500 crore to build housing project in Mumbai

The company plans to develop 2.5 million square feet of housing, one million square feet of office buildings and 1,00,000 square feet of high street retail in various phases of this 14-acre project.

1 Dec 2021 6:06 pm
SEBI asks debenture trustees to disclose investors charter, compliant data on website

SEBI has asked all the registered DTs to take necessary steps to bring the investor charter to the notice of investors in non-convertible debt securities by way of disseminating the charter.

1 Dec 2021 5:23 pm
Honda Cars India Senior Vice-President for Sales Rajesh Goel resigns citing personal reasons

Goel, who has been a part of HCIL since inception, will step down from his position on December 24, 2021, and Yuichi Murata will take charge as Director, Marketing and Sales.

1 Dec 2021 4:48 pm
Maruti car sales drop, Tata records a sparkling November

Maruti Suzuki's total sales in November 2021 stood at 139,184 units as against 153,223 units in November 2020. The company also reported its highest-ever monthly exports of 21,393 units last month.

1 Dec 2021 4:31 pm
Sensex rebounds 620 points at 57680-mark; Nifty above 17,100

IndusInd Bank was the top gainer in the Sensex pack, rising nearly 6 per cent, followed by Axis Bank, SBI, Maruti, Tech Mahindra and Reliance Industries.

1 Dec 2021 4:28 pm
Removed 48,594 content pieces in October in India: Google monthly transparency report

Google had received 29,842 complaints from users and removed 76,967 pieces of content in September, while 4,50,246 pieces of content were removed as a result of automated detection.

1 Dec 2021 4:20 pm
Centre, states and automobile industry to meet in Goa on December 4 to discuss ways to promote EVs

To give an impetus to the manufacturing and adoption of EVs and high-technology automotive, the ministry is executing three major schemes with a total outlay of Rs 54,038 crore.

1 Dec 2021 4:09 pm
Our government's next target is industrial development: West Bengal CM Mamata Banerjee

She said that West Bengal has huge potential in IT and since the TMC came to power in 2011 focus had been on all round development of the sector.

1 Dec 2021 3:41 pm
Senior IRS officer Vivek Johri takes charge as chairman of CBIC

The 1985-batch IRS (CIT) officer has succeeded M Ajit Kumar, who completed his tenure on November 30.

1 Dec 2021 3:29 pm
Elon Musk warns SpaceX employees of potential bankruptcy, suggests them to work over weekend

Musk revealed that the company faces a 'genuine risk of bankruptcy' if production does not increase to support a high flight rate of the company's new Starship rocket next year.

1 Dec 2021 3:21 pm
Kunal Shah's Credto acquire business expense management platform Happay for USD 180 million

While Happay will operate as a separate entity, the team will work closely with CRED leadership to leverage its ecosystem, build distribution, expand the product offering and drive scale.

1 Dec 2021 3:11 pm
Cred to acquire business expense management platform Happay for USD 180 million

Bengaluru-based Happay offers a business expense, payments and travel management platform serving over 6,000 businesses.

1 Dec 2021 3:11 pm
India saw 645 heavy rainfall, 168 very heavy rainfall events in November, highest in 5 years: IMD

Peninsular India reported most of the extremely heavy to very heavy rainfall events, which claimed 44 lives in Andhra Pradesh, 16 in Tamil Nadu, 15 in Karnataka and three in Kerala.

1 Dec 2021 2:43 pm
Tata Motors' November passenger vehicle sales grew by 38%, Mahindra's up by 8%

While Tata's and Mahindra's monthly sales continue to register growth, other carmakers in India are struggling with a semiconductor shortage crisis

1 Dec 2021 2:31 pm
Twitter CEO Parag Agrawal to receive USD 1 million annual salary

Under the terms of the Offer Letter, in December 2021, the Board will also grant to Mr Agrawal restricted stock units (RSUs) with a grant date face value of USD 12,500,000

1 Dec 2021 2:28 pm
Power consumption rises 3.6 per ccent to 100.42 BU in November

The country's power consumption had grown by 3.9 per cent in October this year to 113.40 BU compared to 109.17 BU in the same month last year.

1 Dec 2021 1:31 pm
GDP likely to grow more than 9.5 per centin FY22: SBI research report

The economy grew at 8.4 per cent in the second quarter of the current fiscal, according to data released by the National Statistical Office (NSO) on Tuesday.

1 Dec 2021 1:27 pm
Ahmedabad civic body offers Rs 60,000 smartphone to lure people for COVID-19 vaccination

The AMC had earlier distributed packets of one litre of edible oil to thousands of beneficiaries, especially from slums in the city.

1 Dec 2021 1:22 pm
India's manufacturingsector gain further strength in November on strong rise in production, sales: PMI

The November data pointed towards tentative signs of an improvement in hiring activity, following three successive months of job shedding.

1 Dec 2021 12:40 pm
CIL to invest Rs 19,650 croreto boost its railway infrastructure

The state-owned coal production company will construct rail links and set up joint ventures to boost its infrastructure.

1 Dec 2021 4:40 am
CIL to invest Rs 19,650 cr to boost its railway infra

To boost its annual transportation capacity by an additional 330 million tonne (MT) in the next three years, Coal India Ltd (CIL) is planning to invest Rs 19,650 crore in rail infrastructure.

1 Dec 2021 4:40 am
TRAI invites view on 5G spectrum modalities

It also asked whether a certain portion of the spectrum should be earmarked for private networks

1 Dec 2021 4:39 am
Me N Moms targets Rs 200 crore turnover in FY22 with more retail expansion

The company, which recently announced its plans of launching 200 stores by the end of this fiscal, told TNIE that after Covid-19, there have been a lot of inquiries from tier-2 cities.

1 Dec 2021 4:38 am
Me N Moms targets Rs 200 cr turnover in FY22 with more retail expansion

Kids and maternity wear retailer Me N Moms is targeting a turnover of Rs 200 crore in FY22, up from Rs 150 crore in FY 2021.

1 Dec 2021 4:38 am
Nielsen report: FMCG consumption declines inrural India

The categories that show a slip were cooking medium, packaged grocery, hot beverages. In non-foods, fabric care, and personal care witnessed consumption decline.

1 Dec 2021 4:36 am
Government keeps fiscal deficit at 36 per centof target

The fiscal deficit of the government in the April-Oct 2021 period stood at Rs 5.44 lakh crore, just 36% of the full-year budget target of Rs 15 lakh crore.

1 Dec 2021 4:36 am
Nielsen: FMCG consumption declines inrural India

While the FMCG industry has grown at 12.6% in Q3 2021 over the same period a year ago, rural India has seen a decline in consumption, according to a report.

1 Dec 2021 4:36 am
Govt keeps fiscal deficit at 36% of target

A tight control on its expenses and robust tax collection has helped the government keep its fiscal deficit under control.

1 Dec 2021 4:36 am
Hope for crypto playersas Finance Minister gives positive news on upcomingregulations

Siddharth Menon, COO and Co-Founder at WazirX tweeted, Big day for crypto in India. I am feeling more positive.

1 Dec 2021 4:34 am