'Govt's push for chip manufacturing, a step in right direction'

New Delhi (IANS) Government's push for manufacturing of semiconductors in India is a much needed, long-term step, in the right direction, said SIAM President and Maruti Suzuki Managing Director & CEO Kenichi Ayukawa on Thursday.

Speaking…

ONGC's 2nd oil rig to be operational at Kalol by mid-September

Gandhinagar (IANS) After operationalising the country's first cutting edge technology equipped oil rig, made under the 'Make in India' and 'Atmanirbhar Bharat' initiatives of Prime Minister Narendra Modi, at it's Kalol oil…

Sensex scales new high; IT, oil & gas stocks rise

Mumbai (IANS) The Indian stock market continued its bull run on Wednesday with the BSE Sensex climbing to a fresh record high.

The Sensex has touched an all-time high of 56,188.49 points.

Healthy buying was witnessed in IT and oil and…

Govt approves FRP of Rs 290/qtl for sugarcane farmers

New Delhi (IANS) Keeping in view the interest of the sugarcane farmers, the Cabinet Committee on Economic Affairs on Wednesday approved Fair and Remunerative Price (FRP) for sugarcane at Rs 290 per quintal, based on 10 per cent recovery, for the sugar…

BOT operators at major ports seek change in policy from the Shipping Minister

New Delhi (IANS) BOT operators handling single commodity at major ports have appealed to the Ministry of Ports, Shipping and Waterways to resolve the issues pertaining to the Port policies which is impacting the operations of ports having permission…

India's exports to ASEAN seen at $46 bn in FY22: Minister

New Delhi (IANS) India is likely to record exports worth $46 billion to the ASEAN region, Minister of State of Commerce and Industry Anupriya Patel said on Tuesday.

Addressing the India-ASEAN Engineering Partnership Summit organised by EEPC…

Equity indices rise in line with global markets; IT stocks rise

Mumbai (IANS) The key Indian equity indices rose on Monday morning in tandem with its global peers.

Healthy buying was witnessed in IT stocks.

Around 10.15 a.m., Sensex was trading at 55,560.88, higher by 231.56 points or 0.42 per cent…

Continued unlocking accelerates economic recovery in July: ICRA

New Delhi (IANS) Continued unlocking across the country has accelerated the improvement in various high frequency industrial and service sector indicators during July 2021, said ICRA.

According to Aditi Nayar, Chief Economist, ICRA: "With the…

CCI imposes Rs 200 cr penalty on Maruti Suzuki over discount diktat

New Delhi (IANS) The Competition Commission of India (CCI) has imposed a penalty of Rs 200 crore on Maruti Suzuki India Ltd over anti-competitive practice of imposing a discount control policy, thereby restricting dealers from offering higher level…

FPIs invest Rs 5,001 cr in Indian equities so far in August

Mumbai (IANS) Foreign portfolio investors (FPI) have made a net investment of Rs 5,001 crore so far in August in Indian equities, according to data from NSDL.

The FPIs have made a comeback after a net outflow of Rs 11,308 crore in July.