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

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…

Tata Digital acquires majority stake in BigBasket

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…

India wearables market sees highest 11.4M unit shipments in Q1

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)…

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

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…

Equity indices trade flat ahead of F&O expiry

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,…

Credit Suisse cuts metals, underweight on IT

New Delhi (IANS) Credit Suisse is cutting metal stocks from overweight (OW) to underweight (UW) in its latest India market strategy.

"We book profits on metals, reversing positions added in December-20 and earlier, as P/B relative to market…

Renault Nissan Automotive to shut down TN plant for 5 days

Chennai (IANS) A day after its workers union announced indefinite boycott of work from May 26, Franco-Japanese car making joint venture Renault Nissan Automotive India Private Ltd on Tuesday decided to close its factory between May 26-30 and restart…

Bharat Biotech expects WHO approval for Covaxin by July-Sep

Hyderabad (IANS) Bharat Biotech has said on Tuesday that it is expecting regulatory approvals from the World Health Organisation (WHO) for its Covid-19 vaccine Covaxin by July-September 2021.

The Hyderabad-based company stated that application…

India's GDP may grow faster than estimated in Q4 but FY22 growth may falter

New Delhi (IANS) There is both good news and bad news on the economic front for India that is looking to come out from the second and deadlier wave of Covid pandemic.

The good news is that the country's GDP is expected at faster pace than…

Landomus takes ad route to request PM for $500 billion investment

New Delhi (IANS) A relatively unknown US based company Landomus Group has announced a Build India programme under which it would like to invest $500 Billion in Equity as the first phase of the $2 Trillion investment.

This would be into the…