No additional borrowing by Centre to meet GST compensation of states in FY22

New Delhi (IANS) The Centre will stick to its borrowing programme for FY22 and will not tap the market for more funds to meet the GST compensation shortfall for states.

Government officials said the current revenue position, where both direct…

Fanning Growth: Housing Capex to sustain 'Fan' inds revenue traction

New Delhi (IANS) Improving housing activities along with resumption of Capex are expected to sustain strong revenue traction for the 'fan' segment of the consumer durables industry.

Accordingly in the coming quarters, if the ongoing…

HDFC Bank's Q2FY22 YoY net profit up 17.6%

Mumbai (IANS) Lender HDFC Bank on Saturday reported a year-on-year rise of 17.6 per cent in its net profit for Q2FY22.

The bank's net profit increased to Rs 8,834.3 crore during the period under review over the quarter ended September 30,…

UP's Purvanchal emerging as hub of vegetable export

Lucknow (IANS) The Purvanchal region of Uttar Pradesh is emerging as the export hub for vegetables.

Despite the Covid-19 pandemic, huge consignments of fresh green vegetables were flown from Purvanchal to the Gulf countries, for the second…

Tatas plan to pilot synergy between airlines, post SPA

New Delhi (IANS) Conglomerate Tata Group plans to pilot synergy between all its airlines to compete in various market segments.

Post the SPA transaction, Tatas will have two full-service carriers -- Vistara and Air India -- along with two low-cost…

Equity market make gains; Sensex up over 61K points

Mumbai (IANS) India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- made gains during Thursday's morning trade session.

In the process, S&P BSE Sensex made an intraday high of 61,159.48 and Nifty50 touched 18,294.75 points.

Positive macros push equities higher; Power stocks rise

Mumbai (IANS) India's key equity indices - S&P BSE Sensex and NSE Nifty50 - made gains during Wednesday's mid-afternoon trade session.

Accordingly, equity indices opened gap up and inched up gradually through the morning session.

Tatas plan new vertical to on-board Air India post SPA

New Delhi (IANS) The Tata Group plans to create a new business vertical to on-board all its holdings in the airline industry, including Air India post the share purchase agreement. The new vertical will hold the Group's interest in Air India Express…

Equity market trade in the green; Sensex up over 60k pts

Mumbai (IANS) India's key equity indices - S&P BSE Sensex and NSE Nifty50 - made gains during Monday's morning trade session.

Accordingly, the 30-scrip sensitive index traded at 60,123.47 points around 9.45 a.m., up 64.41 points or…

India on path of swift recovery: FinMin report

New Delhi (IANS) As the post-pandemic economic activity in the country picks up pace, the Finance Ministry has said that India is well-placed on the path to swift recovery with growth impulses visibly transmitted to all sectors of the economy.