Only 10% manufacturing firms report higher output in Q1: Survey

New Delhi (IANS) With the coronavirus pandemic and the resultant nationwide lockdown bringing a severe slowdown in the economy, a survey by FICCI has shown that only 10 per cent of the respondents in the manufacturing sector reported an increase in…

China contract terminated, DFCCIL to go for Indian firm

New Delhi (IANS) In a follow up to Aatmanirbhar Bharat (Self-Reliant India), the Dedicated Freight Corridor Corporation India Ltd will give the work of the signalling on 417 km route of the Eastern Dedicated Freight Corridor to Indian companies after…

2,426 PSB borrowers willfully defaulted Rs 1.47 trillion: AIBEA

Chennai (IANS) As a part of celebrating the 51th anniversary of bank nationalization, the All India Bank Employees' Association (AIBEA) on Saturday released a list of 2,426 borrowers who have wilfully defaulted on their bank loans of over Rs 1.47…

Tax fraud: 1,377 exporters who claimed Rs 1,875cr IGST refund 'untraceable'

New Delhi (IANS) Government crackdown on tax defaulters has revealed shocking data as a total of 1,377 exporters who have fraudulently claimed IGST refund amounting to Rs 1,875 crore have been found untraceable at their principle place of business.

Equity indices in green, Nifty above 10,800

Mumbai (IANS) The key Indian equity indices traded on a positive note on Friday morning with the Nifty50 on the National Stock Exchange trading above the 10,800 mark.

Healthy buying was witnessed in metal, oil and gas, auto and finance stocks.

Amid Covid, NPS's corporate subscriber base up 30% in Q1

New Delhi (IANS) Despite the Covid-19 induced economic turbulence, the government-backed National Pension System's corporate subscriber base has registered a growth of 30 per cent during Q1FY21.

The figures shows an addition of 1.03 lakh…

IT stocks lift equity indices, Infosys surges 14%

Mumbai (IANS) The key Indian equity indices traded on a positive note on Thursday morning supported by healthy buying in IT stocks.

Shares of Infosys rose nearly 14 per cent on the BSE to touch a 52-week high of Rs 947.85 per share. At 10.25…

Global oil giants show interest in BPCL as bidding deadline nears

New Delhi (IANS) As the deadline for submitting the Expressions of Interest (EoI) for 52.98 per cent stake in the Bharat Petroleum Corporation Ltd (BPCL) nears, big names in the global oil market are showing interest in picking up the majority stake…

Maruti Suzuki to recall 134,885 units of WagonR, Baleno

New Delhi (IANS) Automobile major Maruti Suzuki India will recall a total of 134,885 vehicles of hatchback WagonR and sedan Baleno for a possible fuel pump issue.

"Maruti Suzuki India Limited today proactively announced to voluntarily undertake…

RIL-Aramco deal on track, Ambani says committed to partnership

Delhi (IANS) The blockbuster deal involving the world's largest oil producer -- Aramco picking up a minority stake in refinery business of India's largest corporate house -- Reliance Industries (RIL), is on track as the two sides remain committed…