Witnessing gradual recovery in CV segment demand says Tata Motors

New Delhi (IANS) The Centre's accelerated infra push along with healthy demand from the e-commerce sector has led to a gradual recovery in the commercial vehicle (CV) segment, said automobile major Tata Motors.

Notably, the segment went…

Budget expected to restore consumer confidence

New Delhi (IANS) To restore consumer confidence, which was severely dented by waves of the Covid-19 pandemic and to sustain the growth recovery, the Budget is expected to provide support through various measures.

It will also have to give clear…

IDBI Bank's Q3FY22 net profit up 53%

New Delhi (IANS) IDBI Bank on Friday reported a rise of 53 per cent in its net profit for Q3FY22 on a year-on-year basis, at Rs 578 crore as against Rs 378 crore reported for Q3FY21.

Besides, the bank's net interest income improved by 31…

Equities fall further, Sensex down over 400 pts on Thursday

New Delhi (IANS) The 30-scrip Sensitive Index (Sensex) and broader 50-scrip Nifty on National Stock Exchange extended their losses on Thursday from the previous session due to renewed fund outflow by FPIs and in line with bearish trend in the US market…

FII outflows plunge equity indices; Sensex, Nifty settle 1% down

Mumbai (IANS) Outflow of foreign funds plunged India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- deeply in the red on Thursday.

Besides, global inflationary woes as well as rise in crude oil prices supported the downtrend.

Air India curtails US operations due to 5G roll-out

New Delhi (IANS) National carrier Air India will not be able to operate a number of US-bound flights on Wednesday, the airline said.

Accordingly, the airline informed passengers via it's official Twitter handle that it will not be able…

Budget to focus on fiscal consolidation while pushing private capex

New Delhi (IANS) Union Budget 2022 will focus on gradual fiscal consolidation while pushing public capex, creating a conducive environment for private capex, and raising resources via strategic divestments, Morgan Stanley said in a report.

The…

ICICI Bank best performer in banking with 42 percent returns in FY22

New Delhi (IANS) ICICI Bank has been the best performer in the banking sector as it delivered 80 per cent/42 per cent returns over FY21/FY22 Year to date, Motilal Oswal Institutional Equities said in a report.

Its market capitalization ranking…

Apple, Samsung give $5 bn thrust to India's local manufacturing scheme

New Delhi (IANS) As India renews its thrust on local manufacturing of electronics under the production-linked incentive scheme (PLI) with Union Budget 2022-23 around the corner, Apple and Samsung alone are expected to manufacture/assemble smartphones…

Vikram Dev Dutt named Air India's new CMD

New Delhi (IANS) Senior bureaucrat Vikram Dev Dutt was on Tuesday named as the new Chairman and Managing Director of Air India.

The Appointments Committee of the Cabinet (ACC) approved Dutt's appointment as the CMD of Air India in the rank…