After potato & onion, edible oil burns hole in pockets

New Delhi (IANS) After potato and onion, the price of edible oil has now gone up due to a sharp increase in the cost of oilseeds.

Crude palm oil (CPO) prices in the domestic futures market have risen by 53 per cent in the past six months due…

CV segment outlook remains negative, FY21 volumes to drop: ICRA Ratings

New Delhi (IANS) ICRA Ratings on Wednesday said the outlook for the commercial vehicles (CV) segment remains 'Negative' on the back of continuing challenges.

It cited factors such as over-capacity, subdued freight availability, financing…

Xiaomi confident of robust performance in India festive quarter

New Delhi (IANS) Riding on bumper festive sales amid launching attractive schemes, smartphone maker Xiaomi on Thursday said it is confident enough to perform in the best possible way in the fourth quarter in India while maintaining its lead.

While…

Economic revival: IGI Airport handled 77k MT of cargo in Sept

New Delhi (IANS) The national capital's IGI Airport witnessed a significant surge in cargo movement during September, as it handled volume of around 77,000 MT.

Accordingly, both 'Cargo Tonnage' and Cargo Aircraft movements showed…

No relief for consumers on petrol, diesel prices while oil cos jack up margins

New Delhi (IANS) Even as consumers continue to pay higher prices auto fuels petrol and diesel, country's biggest oil marketing companies are expected to reap in higher margins on sale of the two products substantially improving their profitability.

German shoe firm shifts from China, begins operations in UP

Lucknow (IANS) Von Wellx, a well-known German shoe brand that was earlier operating from China, has opened up two shoe-making units in Agra.

The units became operational from Tuesday in partnership with the Iatric Industries Group.

Von…

87% of Indian companies plan to give salary hike in 2021: Survey

New Delhi (IANS) After taking hard decisions in the second and third quarters of this year, Indian companies are looking up again to invest in talent as a new survey showed that 87 per cent of them plan to give salary increases in 2021 as compared…

Centre to soon announce another round of stimulus: Official

New Delhi (IANS) The Finance Ministry will soon come up with a fresh round of economic stimulus, Economic Affairs Secretary Tarun Bajaj said on Tuesday.

Addressing the media here, he said that the Department of Finance has received suggestions…

Yes Bank to sell its 32,344Cr NPA portfolio

New Delhi (IANS) Yes Bank is looking to sell its entire NPA portfolio of Rs 32,344 crore to ARCs or other potential investors.

Sources informed that Yes Bank's offer to ARCs will be to recover at least 15 per cent amount i.e. Rs 5,000 crore…

Petrol, diesel prices unchanged as crude remains subdued

New Delhi (IANS) Prices of petrol and diesel continued to remain unchanged on Sunday on the back of weak crude oil prices. In the national capital, petrol was sold for Rs 81.06 per litre.

Prices in the other key cities of Mumbai, Chennai and…