RBI revises priority sector lending norms, raises credit limits

Mumbai (IANS) The Reserve Bank of India (RBI) on Friday released its revised priority sector lending guidelines wherein the credit limits have been raised for farmer producer organisations, renewable energy and for health infrastructure.

As…

Worst behind us, Indian economy witnessing V-shaped recovery: DEA

New Delhi (IANS) Days after India reported a 23.9 per cent contraction in its gross domestic product (GDP), the Department of Economic Affairs (DEA) in its Monthly Economic Review for August has said that the worst is over now as the Indian economy…

India's apparel exports to register 40% growth in FY21: AEPC

New Delhi (IANS) Apparel Export Promotion Council (AEPC) Chairman A. Sakthivel, on Thursday said the apparel exports from the country is likely to expand by about 40 per cent in the current financial year.

Addressing the 41st Annual General…

Vodafone Idea board to mull raising funds post AGR verdict

New Delhi (IANS) The Board of Directors of Vodafone Idea Ltd (VIL) will meet on Friday to discuss and evaluate proposals for raising funds in one or more tranches through public issue, issue of equity shares or securities among other options.

CG Power board okays Rs 100 cr additional infusion by Tube Investment

Mumbai (IANS) The Board of CG Power and Industrial Solutions has approved the offer of additional investment of Rs 100 crore by Tube Investments.

In a regulatory filing on Wednesday, CG Power said that it had received a letter dated August…

Maruti Suzuki's August total sales rises by over 17%

New Delhi (IANS) Automobile major Maruti Suzuki on Tuesday reported a year-on-year rise of 17.1 per cent in total sales during August 2020.

Accordingly, the company's total off-take increased to 1,24,624 units from 1,06,413 units sold during…

Telcos get 10 years to clear AGR dues, 1st instalment of 10% by March 2021

New Delhi (IANS) The Supreme Court on Tuesday granted 10 years to telecom companies to clear their respective adjusted gross revenue (AGR) dues and also directed them to deposit the first instalment of 10 per cent by March 31, 2021.

A bench…

Signs of recovery: Industrial, commercial power consumers pull up demand

New Delhi (IANS) Industrial and commercial consumers of electricity are back in business in a clear sign that the 'Unlock' phases are gradually bringing back economic activity to near normal levels.

The country's power demand, a…

E-commerce enabler Bikayi raises Rs 15 cr from global investors

New Delhi (IANS) Y Combinator-backed e-commerce enabler Bikayi on Monday said it has raised a seed round of $2 million (around Rs 15 crore) from a clutch of international investors including Mantis ventures, a venture capital fund promoted by the…

Toy industry wants govt to extend time for BIS certification

Chennai (IANS) Buoyed by Prime Minister Narendra Modi speaking about their sector, officials of the Indian toy industry are asking the government to give some more time to get the certification from the Bureau of Indian Standards (BIS).

"For…