Indian PC market surges to 3.1M units in Q1 2021: IDC

New Delhi (IANS) Riding on remote work and learning as the pandemic continues in India, the traditional PC market (inclusive of desktops, notebooks and workstations) continued its growth streak with shipments growing 73.1 per cent year-over-year (YoY)…

CAIT asks Piyush Goyal to stop delivery of non-essential items by e-commerce cos

New Delhi (IANS) The Confederation of All India Traders (CAIT) in a communication sent to Union Commerce Minister Piyush Goyal has said that going one step further, various e-commerce entities even in the ongoing COVID-19 induced national emergency…

Jindal Stainless gets first major credit re-rating uplift

New Delhi (IANS) In the first-ever such development, Crisil Ratings has assigned 'CRISIL A+/Stable' rating to the long-term credit facilities of Jindal Stainless Ltd (JSL).

Short-term credit facilities of JSL have been rated 'CRISIL…

UN forecasts India's economy to grow 7.5% in 2021, but warns situation 'fragile'

United Nations (IANS) The UN forecasts India's economy to grow by 7.5 per cent this calendar year and rebound to 10.5 per cent next year with the caveat that the outlook is "highly fragile" because of the brutal Covid-19 second wave.

The…

India's flexible space segment to grow at 10-15% annually for next 3 years

New Delhi (IANS) The co-working or flexible space segment in India is likely to grow at the rate of 10-15 per cent annually for the next three years, according to a CBRE report.

Currently, the flexible space in the country accounts for 36 million…

Retail inflation eases to 4.29% in April as food prices fall

New Delhi (IANS) Lower food prices sequentially eased India's retail inflation in April as the Consumer Price Index (CPI) decreased to 4.29 per cent from 5.52 per cent in March.

According to the data furnished by the National Statistical…

Mid-sized EPC segment revenue to grow 15% this fiscal: Crisil

Mumbai (IANS) Strong order books and better operational preparedness in the second year of the Covid-19 pandemic will swell the top-lines of mid-sized (revenue less than Rs 1,000 crore last fiscal) engineering, procurement and construction (EPC) companies…

Govt ready for another cut in import duty on steel to tame prices

New Delhi (IANS) The government has proposed to slash import duties on steel items further bringing it to zero or near zero levels to provide relief to MSMEs, which have been hit hard by the high cost of raw materials amidst the raging pandemic.

Equity indices in green; metal, healthcare stocks surge

Mumbai (IANS) The key Indian equity indices traded on a positive note on Monday morning with healthy buying in metal and healthcare stocks.

Around 10.05 a.m., Sensex was trading at 49,455.42, higher by 248.95 points or 0.51 per cent from its…

Petrol, diesel prices remain unchanged for 2nd straight day

New Delhi (IANS) Petrol and diesel prices in the country remained unchanged on Sunday as oil marketing companies (OMCs) decided to pause the daily revision process and closely study global oil price movement before effecting any change in the domestic…