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…

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…

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…

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…

Telecom reforms: DoT lowers bank guarantee for telcos

New Delhi (IANS) The Department of Telecom on Wednesday slashed performance and financial bank guarantee requirement of telecom operators to 20 per cent of the current amount held by the government as part of the telecom reform measures announced…

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…

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…

Rebound Galore: Moody's changes India's rating outlook to stable

New Delhi (IANS) Global ratings agency Moody's Investors Service on Tuesday changed India's ratings outlook to stable from negative.

Accordingly, Moody's affirmed the country's foreign-currency and local currency long-term issuer…

Future Retail, 7-Eleven scrap agreement for India

New Delhi (IANS) Future 7-India Convenience Limited, Future Retails wholly owned subsidiary, and 7-Eleven Inc have mutually terminated the agreement to execute 7-Eleven stores in India.

The master franchise agreement was originally executed…

Airtel conducts India's first rural 5G trial

New Delhi (IANS) Telecom major Bharti Airtel, along with Ericsson, has conducted India's first 5G network demonstration in a rural geography.

The demonstration took place in Bhaipur Bramanan village on the outskirts of Delhi-NCR using 5G…