Likely govt support measures, PLI schemes buoy equities

Mumbai (IANS) Hopes of government support measures for some beleaguered sectors along with provisions for PLI schemes for others buoyed India's key stock indices during mid-afternoon trade session on Wednesday.

However, gains were capped…

India's August exports rise by over 45%

New Delhi (IANS) India's merchandise exports in August 2021 rose to $33.28 billion, higher by 45.76 per cent on a year-on-year basis, official data showed on Tuesday.

Exports during August 2020 stood at $22.83 billion.

The data by…

Kia Sonet crosses one lakh sales-mark in less than 12 months

New Delhi (IANS) Automobile manufacturer Kia India on Tuesday said it sold 1,00,000 units of compact SUV -- Sonet in less than 12 months of its launch in the country.

Accordingly, during the same period, the vehicle has become the fourth highest-selling…

Nifty hits record high, Sensex up 200 points

Mumbai (IANS) The Indian stock market opened on a positive note on Tuesday with the Nifty50 on the National Stock Exchange (NSE) touching a record high.

Nifty hit a fresh high of 17,438.55 points.

Healthy buying was witnessed in auto…

Refund for unutilised Input Tax Credit can't be claimed on input services: SC

New Delhi (IANS) The Supreme Court on Monday upheld the validity of a rule of the Central Goods and Service Tax, which prescribes a formula excluding the refund of unutilised input tax paid on input services as part of input tax credit (ITC).

India's Aug retail inflation eases to 5.30% as food prices cool-off

New Delhi (IANS) Lower food prices eased India's August retail inflation on a sequential and year-on-year basis.

Data, furnished by the National Statistical Office (NSO), showed that the Consumer Price Index (CPI) slipped to 5.30 per cent…

Jet Airways to start domestic ops from Q1CY22

New Delh (IANS) Jet Airways is all set to resume domestic operations from Q1 of 2022, said Jalan Kalrock Consortium, the successful resolution applicant of the airline.

Accordingly, the existing Air Operator Certificate (AOC) is under process…

Wipro Chairman announces return to office from Monday

Bengaluru (IANS) Wipro Chairman Rishad Premji took to social media on Sunday to announce the resumption of work at company offices after 18 months due to the Covid-19 situation.

"After 18 long months, our leaders are coming back to the office…

No TDS on transfer of assets from Air India to SPV

New Delhi (IANS) In a bid to further sweeten the Air India sale offer, the government has decided to waive taxes on the transfer of assets from the national carrier to Air India Assets Holding Limited, a special purpose vehicle (SPV).

"The…

Outlook for Q2 manufacturing improves; high cost of production causes worry

New Delhi (IANS) As economic activities gain momentum, industry players are turning optimistic about the performance of the manufacturing sector.

The FICCI Manufacturing Survey for July-September showed that after experiencing subdued Q1 (April-June…