Business

Data Led : Telecom players' ARPU to grow even without tariffs hikes

The average revenue per user (ARPU) of the cellular industry could grow even without tariffs hikes as data usage and penetration zooms over the last 1-to-2 years.

Kerala aiming for 15,000 startups by 2026: Vijayan

Kerala is working towards a four-fold increase in the number of startups by aiming to take their total to 15,000 in the next five years, said Chief Minister Pinarayi Vijayan, here on Saturday.

He said this after inaugurating a pioneering digital hub by the Kerala Startup Mission (KSUM).

Deadline for PAN-Aadhaar linkage extended till March 2022

Centre has extended the deadline for linking Aadhaar with PAN by six more months, till March 2022.

The earlier deadline was till September 30.

Accordingly, the decision came as a relief measure for tax players during pandemic era.

Record highs: Sensex crosses 59k mark; Telecom stocks soar (Ld)

India's key stock indices rose during mid-afternoon trade session on Thursday to reach new intra-day record high levels. Accordingly, both key indices - S&P BSE Sensex and NSE Nifty50 -- made new record highs. The Sensex crossed the 59,000 mark, while Nifty breached the 17,500 level.

Nifty hits new high, Sensex up 260 points

The key Indian equity indices traded on a positive note on Wednesday morning with the Nifty50 on the National Stock Exchange scaling a new high. It touched a fresh record high of 17,458.80 points.

Petrol, diesel prices static for 10 consecutive days

Auto fuel prices in the country have maintained stability amid the volatility in global oil prices over rise in demand and concerns on production.

The oil marketing companies (OMCs) on Wednesday kept pump prices of auto fuels -- petrol and diesel

Govt booster for strategic disinvestment, no gift tax on transfer of shares in PSUs

The government has decided to exempt investors picking up state's equity shares under strategic disinvestment programme from the provisions of gift tax.

Nifty hits record high, Sensex up 200 points

The Indian stock market opened on a positive note on Tuesday with the Nifty50 on the National Stock Exchange (NSE) touching a record high.

Nifty hit a fresh high of 17,438.55 points.

Petrol, diesel prices unchanged on Tuesday

Auto fuel prices in the country have maintained stability amidst volatility in global oil prices over rise in demand and concerns on production.

The oil marketing companies (OMCs) on Tuesday kept pump prices of petrol and diesel unchanged, marking ninth consecutive day of no revision, and decided to wait and watch the global oil situation

Petrol, diesel prices remain unchanged for over a week

Auto fuel prices in the country have maintained stability amidst softening of global oil prices over rise in production and concerns on demand.

The oil marketing companies (OMCs) on Monday kept pump prices of auto fuels petrol and diesel unchanged, the eighth consecutive day of no revision, and decided to wait and watch the global oil

RBI extends curbs on UP-based People's Co-operative Bank

The Reserve Bank of India (RBI) has extended restrictions on People's Co-operative Bank Limited, Kanpur, for a further period of three months from September 11 to December 10.

Flight ops continue at IGIA despite rain, waterlogging

Heavy rains waterlogged several areas of the national capital including some parts of the Indira Gandhi International Airport here on Saturday morning.

Britain's GDP growth stalls amid Covid surge

Britain's gross domestic product (GDP) is estimated to have grown only by 0.1 per cent monthly in July, 2.1 per cent lower than its pre-pandemic level in February 2020, the Office for National Statistics (ONS) said.

OMCs continue to hold fuel price revision for 6th day

Oil marketing companies (OMC) on Saturday continued to press the pause button on the revision of retail petrol and diesel prices for the sixth straight day.

In the national capital, petrol was sold for Rs 101.19 per litre on Saturday.

Landmark breach in Apple walled garden on payments; stock dented ahead of Sep 14 event

A US court on Friday tore down some of Apple's key restrictions on how its developers can collect payments within the apps.

The decision strikes down a core part of Apple's App Store money machine.

The anti-trust ruling came thanks to Epic Games.

Q2FY22 total merchandise exports to grow 33%: India Exim Bank

India's total merchandise exports are expected to grow by 33 per cent during the second quarter of FY22, the Export-Import Bank of India said on Friday.

Accordingly, India Exim Bank forecast total merchandise exports in Q2FY22 to grow to $98.45 billion

FPIs net investment of Rs 7,575 cr in September so far

Foreign portfolio investors (FPI) have so far made a total net investment of Rs 7,575 crore in India so far in September, as per NSDL data.

The net investment in the equities segment stood at Rs 4,385 crore, while that in the debt segment stood at Rs 3,220 crore, including those debt investments made through VRR.

India's merchandise exports to touch $98 bn during Q2 of FY22

Export-Import Bank of India (India Exim Bank) on Friday said it forecasts India's total merchandise exports to $98.45 billion for the second quarter of FY22.

OMCs hold fuel price revision; Brent trades above $72/bbl

Oil marketing companies (OMC) kept the petrol and diesel prices unchanged for the fifth consecutive day on Friday even as the Brent crude on the Intercontinental Exchange was trading above the $72-per-barrel-mark.

ECB sets 'moderately lower pace' for bond buying

The European Central Bank (ECB) decided to leave its key interest rates unchanged and set a "moderately lower pace" for the Covid-19 pandemic-related bond buying.

Festive Prospects : Healthy demand to sustain despite challenges says Maruti Suzuki

Passenger vehicle (PV) demand is expected to maintain growth momentum in the coming months despite rising ownership cost as well as production challenges.

Accordingly, PV market leader Maruti Suzuki India believes the upcoming festive season will boost buying sentiments.

Petrol, diesel prices unchanged for 4th straight day

Oil marketing companies (OMCs) continued to press the pause button on the revision of fuel prices on Thursday across the four metros.

In the national capital, petrol was sold for Rs 101.19 per litre.

Market tad lower amid choppy trade, banking stocks fall

The key Indian equity indices traded on a subdued note on Thursday morning amid a largely choppy trade.

Selling pressure was witnessed in banking stocks. Fall in the index-heavyweights HDFC Bank and Infosys weighed on the indices.

Maruti Suzuki's Aug production falls 8% amid global chip shortage

As the automobile industry wades through a severe semiconductor shortage, Maruti Suzuki India on Wednesday reported an 8 per cent fall in its vehicle production in August.

Using local ingredients to be industry's core focus : Coca-Cola India

With India entering its 75th year of Independence, total beverages company Coca-Cola India believes that using the country’s own farm ingredients will continue to be the core focal point for the industry.

Japan logs $17.3 bn current account surplus in July

Japan marked a current account surplus of 1.91 trillion yen ($17.3 billion) in July, growing 24.5 per cent year on year, amid the increase in exports to China and the United States where demand kept recovering from the Covid-19 pandemic fallout, according to the Finance Ministry on Wednesday.

IPO-bound OYO raises authorised share capital to Rs 900 cr

The Board of Oravel Stays Private Limited, operator of the travel technology platform OYO has approved the increase in the authorised share capital of the company from Rs 1.17 crore to Rs 901 crore, according to a regulatory filing.

Centre-states may discuss early inclusion of natural gas into GST fold

With GST revenue collections making a rebound post the disruptions caused by the second wave of Covid pandemic, the Centre is likely to initiate dialogue with states for inclusion of petroleum products under the new indirect tax fold.

Sensex tad down amid choppy trade; telecom stocks rise

The key Indian equity indices traded on a subdued note on Wednesday morning.

The indices were pulled lower by the fall in shares of index-heavyweights Infosys and Tata Consultancy Services.

Petrol, diesel price revision on hold for 3rd consecutive day

Auto fuel prices in the country have maintained stability amid softening of the global oil prices over rise in production and concerns on demand.

70 firecracker units in TN's Virudhanagar to shut down

The Virudhunagar district administration of Tamil Nadu has ordered to close down 70 firecracker units in the district for grave violations of safety rules. The special teams constituted by the district collector conducted a series of inspections on these units since July 2021 and

Sensex slips over 200 points, banking stocks fall

The Indian equity indices traded in the red on Tuesday morning as they gave up initial gains, with the BSE Sensex losing over 200 points.

Heavy selling pressure was witnessed in banking, finance and oil and gas stocks.

No revision in petrol, diesel prices for 2nd consecutive day

The oil marketing companies (OMCs) have kept pump prices of auto fuels -- petrol and diesel -- unchanged on Tuesday, the second consecutive day of no revision, and decided to wait and watch the global oil situation before making further changes.

Andhra appoints former SBI chief Rajnish Kumar as economic advisor

The Andhra Pradesh government has appointed Rajnish Kumar as its economic advisor. A former SBI chairman, Rajnish Kumar's tenure in the cabinet rank position is for two years.

India's July-Sep GDP growth seen at 7-8%

The growth rate of India's GDP for the July-September quarter is likely to remain in the range of 7-8 per cent.

In the first quarter of financial year 2021-22, India's GDP witnessed a growth of 20.1 per cent compared to the same period of the last fiscal.

TMB files DRHP despite court cases involving sizeable equity shares

With 37.61 per cent of its paid up equity share capital or 53.59 million equity shares are subject to outstanding legal and regulatory proceedings including a 1:500 bonus issue Tamilnad Mercantile Bank (TMB) has filed its Draft Red Herring Prospectus (DRHP).

Property prices may witness uptick over 2-3 years

Residential real estate prices in the country are likely to increase over the next 2-3 years.

Over the past several years property prices in the key markets including the Delhi-NCR have declined significantly owing to several disruptions to the market.

Iraq signs deal with France's Total on 4 energy projects

Iraq has signed a deal worth $27 billion with French oil and gas company Total on four energy projects, according to a statement released by the Prime Minister's Office.

Maruti Suzuki hikes prices of select models

Maruti Suzuki India on Monday announced to increase the prices of select models with immediate effect.

In a regulatory filing, the company attributed the decision to increase in input costs.

ONGC's plan to merge refining subsidiary MRPL with HPCL gets delayed

State-run oil and gas explorers ONGC's plan to complete merger of its refining subsidiary MRPL with recently acquired HPCL to align its upstream and downstream operations into two verticals has got delayed.

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