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Kisan Rail transport onions from Andhra to West Bengal

Kisan Rail transport onions from Andhra to West Bengal

22-08-2021  comments

Hyderabad (IANS) For the first time, a Kisan Rail, operated by the South Central Railway (SCR), has transported onions from Tadepalligudem in Andhra Pradesh to Malda in West Bengal.

The SCR has been actively taking forward the Kisan Rail initiative…

Music streaming giant Spotify to spend $1 bn buying its own stock

Music streaming giant Spotify to spend $1 bn buying its own stock

21-08-2021  comments

New York (IANS) Swedish music streaming giant Spotify has announced to spend up to $1 billion between now and April 21, 2026 to repurchase its own shares.

The company would commence a stock repurchase programme beginning in the third quarter…

Auto Sector: Continued sequential recovery seen in July, says Ind-Ra

Auto Sector: Continued sequential recovery seen in July, says Ind-Ra

21-08-2021  comments

New Delhi (IANS) Continued sequential recovery has been seen in the auto sector in July 2021, according to India Ratings and Research (Ind-Ra).

Ind-Ra believes that the 18 per cent sequential and 4 per cent year-on-year (YoY) increase in the…

Sensex slumps as banking, metal stocks plunge

Sensex slumps as banking, metal stocks plunge

20-08-2021  comments

Mumbai (IANS) The Indian stock market opened lower on Friday with heavy selling across the board.

The domestic market declined in line with the Asian stocks over concerns of rising cases of Delta variant of Covid-19 and its impact on the global…

Microsoft invests $5 mn in OYO

Microsoft invests $5 mn in OYO

20-08-2021  comments

New Delhi (IANS) Satya Nadella-run Microsoft has invested $5 million in Airbnb-backed Indian budget hotel chain OYO taking it valuation to $9 billion, as the hospitality chain plans a potential initial public offering (IPO) soon.

According…

Oil palm sector welcomes govt's moves to boost production in India

Oil palm sector welcomes govt's moves to boost production in India

19-08-2021  comments

Hyderabad (IANS) The oil palm industry has welcomed the Central government's initiatives to encourage oil palm production in the country.

The Oil Palm Developers and Processors Association (OPDPA) said the slew of measures announced by…

India's housing market likely to reach new peak in 2023: Anarock

India's housing market likely to reach new peak in 2023: Anarock

19-08-2021  comments

New Delhi (IANS) The housing market in the top seven cities is likely to attain a new peak by 2023, when housing sales are estimated to cross 3.17 lakh units and new launches by 2.62 lakh units during the year, according to a report by Anarock Property…

Rural consumption grew in Apr-Jun, albeit slowly: Report

Rural consumption grew in Apr-Jun, albeit slowly: Report

19-08-2021  comments

New Delhi (IANS) Rural consumption grew 6.6 per cent YoY in Q1FY22 as against a growth of 16.4 per cent YoY seen in Q1FY21, according to the EcoScope report of Motilal Oswal Financial Services Limited (MOFSL).

In contrast, urban consumption…

Market climbs new high, Sensex hits 56,000

Market climbs new high, Sensex hits 56,000

18-08-2021  comments

Mumbai (IANS) The key Indian equity indices continued their bull on Wednesday with the BSE Sensex hitting the landmark 56,000 level.

It has touched a new high of 56,086.50 points and the Nifty50 on the National Stock Exchange has recorded an…

India's GDP expected to grow by 20% YoY in Q1FY22: ICRA

India's GDP expected to grow by 20% YoY in Q1FY22: ICRA

18-08-2021  comments

New Delhi (IANS) India's GDP is expected to grow by 20 per cent on a year-on-year basis in Q1FY22, ratings agency ICRA said on Wednesday.

It also expects the gross value added (GVA) at basic prices at constant 2011-12 prices at 17 per cent…

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