RBI lowers FY22 inflation projection to 5.3, sees further softening

New Delhi (IANS) The Reserve Bank of India on Friday lowered FY22 retail inflation projection for the ongoing financial year to 5.3 per cent from the previous estimate of 5.7 per cent.

In a virtual address post the monetary policy meet, RBI…

India's economy to grow by 8.3%, making it 2nd fastest growing-major economy

United Nations (IANS) India's economy is expected to grow by 8.3 per cent this fiscal year, according to the World Bank, making it the second-fastest-growing major economy.

The Bank's Regional Economic Update released on Thursday said…

India's September vehicle retail sales fall YoY, sequentially: FADA

New Delhi (IANS) Lower production due to semiconductor supply shortages and a longer waiting period dented India's overall vehicle retail sales on a sequential, as well as year-on-year basis, in September 2021.

Data released by the Federation…

L&T slapped show cause notice with Rs 5L penalty for violating anti-dust norms

New Delhi (IANS) Delhi Environment Minister Gopal Rai on Thursday issued a show cause notice with a penalty of Rs 5 lakh to Larsen & Toubro (L&T) Limited after the private company was found violating the 14-point guidelines set up by the Delhi government…

BPCL could cost acquirer Rs 20K cr more as SEBI open offer exemption for IGL, PLL unlikely

New Delhi (IANS) The privatisation plan of public sector oil refiner Bharat Petroleum Corporation Ltd may get expensive for the investors as the new owners are unlikely to get regulatory exemption to participate in open offer of two other entities…

Petrol and diesel prices rise sharply as global oil climb continues

New Delhi (IANS) Prices of auto fuels petrol and diesel rose sharply on Wednesday as global oil prices remained firm with benchmark crude again rising to cross the $82/barrel mark.

Diesel prices increased by a sharp 35 paisa per litre in the…

Fake e-com websites con Indians amid festive season boom

New Delhi (IANS) As leading e-commerce platforms gear up for record revenues in the festive season, several fake and malicious e-commerce platforms have proliferated in the country, selling smartphone accessories to luxury watches. The cyber authorities…

Telecom reforms: DoT lowers bank guarantee for telcos

New Delhi (IANS) The Department of Telecom on Wednesday slashed performance and financial bank guarantee requirement of telecom operators to 20 per cent of the current amount held by the government as part of the telecom reform measures announced…

ED arrests Unitech founder Ramesh Chandra, daughter-in-law for financial frauds

New Delhi (IANS) The Enforcement Directorate (ED) on Monday arrested Unitech founder Ramesh Chandra, his daughter-in-law Preeti Chandra and real estate promoter Rajesh Malik in connection with a money laundering case.

Lookout circular was issued…

SEBI bars TV anchor, market expert, others for fraudulent and unfair trades

New Delhi (IANS) Marker regulator SEBI on Monday barred TV anchor Pradeep Pandya, market expert Alpesh Furiya and four others on charges of undertaking fraudulent and unfair trade practices while transacting in the securities market.

It also…