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Covid Casualty: India's YoY FY21 GDP plunges to 7.3%

Covid Casualty: India's YoY FY21 GDP plunges to 7.3%

31-05-2021  comments

New Delhi (IANS) Covid-19-induced volatility heavily dented India's economy last fiscal as its growth rate plunged (-) 7.3 per cent in 2020-21.

Though not comparable, the GDP had grown by 4 per cent in 2019-20.

The pandemic-triggered…

470 infra projects report 'cost overrun' of Rs 4.38L cr

470 infra projects report 'cost overrun' of Rs 4.38L cr

30-05-2021  comments

New Delhi (IANS) As many as 470 infrastructure projects reported cost overrun of over Rs 4.38 lakh crore as of May 1, 2021.

The Flash Report on Central sector projects for April published by the Ministry of Statistics and Programme Implementation…

Civil aviation now under ECLGS, norms eased to support smaller businesses

Civil aviation now under ECLGS, norms eased to support smaller businesses

30-05-2021  comments

New Delhi (IANS) The Centre has modified the Emergency Credit Line Guarantee Scheme (ECLGS) to bring the civil aviation sector under the ambit of the scheme.

Announcing ECLGS 4.0 on Sunday, the Finance Ministry also said that the current ceiling…

India's forex reserves rises by over $2.8 bn

India's forex reserves rises by over $2.8 bn

29-05-2021  comments

Mumbai (IANS) India's foreign exchange reserves rose by $2.865 billion during the week ended May 21.

According to the Reserve Bank of India's (RBI) weekly statistical supplement, the reserves increased to $592.894 billion from $590.028…

Tata Digital acquires majority stake in BigBasket

Tata Digital acquires majority stake in BigBasket

28-05-2021  comments

Mumbai (IANS) Tata Sons' subsidiary Tata Digital on Friday said it has acquired a majority stake in supermarket grocery supplies private limited, the company which is better known as BigBasket.

According to the company, E-grocery has been…

Amid Covid wave, GST Council meet begins; may consider duty cuts

Amid Covid wave, GST Council meet begins; may consider duty cuts

28-05-2021  comments

New Delhi  (IANS) The 43rd meeting of the GST Council, the first this year in the midst of second wave of Covid pandemic, begun on Friday morning through video conferencing.

The meeting is being chaired by Finance Minister Nirmala Sitharaman…

Unlock hopes, Covid decline pushes Nifty to record high

Unlock hopes, Covid decline pushes Nifty to record high

28-05-2021  comments

Mumbai (IANS) India's key benchmark equity index NSE Nifty50 touched a new record high level as fresh Covid cases declined, thereby, igniting hopes for a quick unlock.

Accordingly, global cues and accelerated pace of economic recovery led…

Equity indices trade flat ahead of F&O expiry

Equity indices trade flat ahead of F&O expiry

27-05-2021  comments

Mumbai (IANS) The key Indian equity indices traded on a flat note on Thursday morning amid a choppy session ahead of the expiry of the May series of futures and options (F&O) later in the day.

Around 10.30 a.m., Sensex was trading at 51,069.33,…

Impact & duration of Covid2.0 biggest risks to growth estimates: RBI

Impact & duration of Covid2.0 biggest risks to growth estimates: RBI

27-05-2021  comments

New Delhi (IANS) As India battles the pandemic and states undergo lockdowns, the Reserve Bank of India (RBI) has said that the impact and the duration of the second wave of Covid-19 are the biggest threats to its growth estimates for the country for…

India wearables market sees highest 11.4M unit shipments in Q1

India wearables market sees highest 11.4M unit shipments in Q1

27-05-2021  comments

New Delhi (IANS) The strong momentum in the watch and earwear categories led to the highest ever first-quarter shipments of wearables in India, an IDC report said on Thursday.

The India wearables market grew 170.3 per cent (year-over-year)…

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