India Inc revenue likely grew 18-20% on-year in 2nd quarter

Mumbai (IANS) Higher commodity prices and continued revival in demand for consumer discretionary products likely lifted corporate revenue 18-20 per cent on-year to Rs 8.2 lakh crore in the second quarter of this fiscal, indicates a CRISIL Research…

Railways launch 2 long haul freight trains 'Trishul', 'Garuda'

New Delhi (IANS) The Indian Railways has launched two long haul freight trains "Trishul" and "Garuda" -- which are twice or multiple times longer than the normal composition of freight trains.

These long haul trains provide a very effective…

Reduction in cost to push e-2W's market penetration

New Delhi (IANS) Reducing cost of electric vehicles (EV) as well as increase in subsidies along with the newer model are expected to increase electric two-wheeler's (e-2W) penetration.

In FY21, e-2Ws contributed less than one per cent of…

RBI lowers FY22 inflation projection to 5.3, sees further softening

New Delhi (IANS) The Reserve Bank of India on Friday lowered FY22 retail inflation projection for the ongoing financial year to 5.3 per cent from the previous estimate of 5.7 per cent.

In a virtual address post the monetary policy meet, RBI…

India's economy to grow by 8.3%, making it 2nd fastest growing-major economy

United Nations (IANS) India's economy is expected to grow by 8.3 per cent this fiscal year, according to the World Bank, making it the second-fastest-growing major economy.

The Bank's Regional Economic Update released on Thursday said…

India's September vehicle retail sales fall YoY, sequentially: FADA

New Delhi (IANS) Lower production due to semiconductor supply shortages and a longer waiting period dented India's overall vehicle retail sales on a sequential, as well as year-on-year basis, in September 2021.

Data released by the Federation…

L&T slapped show cause notice with Rs 5L penalty for violating anti-dust norms

New Delhi (IANS) Delhi Environment Minister Gopal Rai on Thursday issued a show cause notice with a penalty of Rs 5 lakh to Larsen & Toubro (L&T) Limited after the private company was found violating the 14-point guidelines set up by the Delhi government…

BPCL could cost acquirer Rs 20K cr more as SEBI open offer exemption for IGL, PLL unlikely

New Delhi (IANS) The privatisation plan of public sector oil refiner Bharat Petroleum Corporation Ltd may get expensive for the investors as the new owners are unlikely to get regulatory exemption to participate in open offer of two other entities…

Petrol and diesel prices rise sharply as global oil climb continues

New Delhi (IANS) Prices of auto fuels petrol and diesel rose sharply on Wednesday as global oil prices remained firm with benchmark crude again rising to cross the $82/barrel mark.

Diesel prices increased by a sharp 35 paisa per litre in the…

Fake e-com websites con Indians amid festive season boom

New Delhi (IANS) As leading e-commerce platforms gear up for record revenues in the festive season, several fake and malicious e-commerce platforms have proliferated in the country, selling smartphone accessories to luxury watches. The cyber authorities…