Skoda Auto Volkswagen India begins export of Virtus sedan

Skoda Auto Volkswagen India begins export of Virtus sedan

Tuesday, 13 September 2022 | PTI | Mumbai

European carmaker Skoda Auto  Volkswagen India has expanded its export portfolio from India with the inclusion of mid-sized Virtus sedan, the company said on Monday. It said as many as 3,000 units of the vehicle are being shipped out from India to Mexico in the first phase of Virtus exports.  Skoda Auto...

Industrial production grows just 2.4% in July

Tuesday, 13 September 2022 | PTI | New Delhi

India's industrial production rose 2.4 per cent in July, according to the official data released on Monday. The IIP had grown 11.5 per cent in July 2021. As per the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), the manufacturing sector's output grew 3.2 per cent in...

‘Indian rupee shown more resilience than other currencies in recent yrs’

Tuesday, 13 September 2022 | PTI | Los Angeles

Indian rupee has shown more resilience than most of the other currencies in recent years and the compounded average growth rate of depreciation is lower as compared to pre-2014, commerce and industry Minister Piyush Goyal has said. He also said that exporters should not be dependent on a depreciating rupee and...

Stocks rise for 3rd day; Sensex closes above 60,000

Tuesday, 13 September 2022 | PTI | Mumbai

Benchmark BSE Sensex rose by about 322 points to close above the 60,000 level on Monday tracking gains in banking, IT and energy stocks amid positive global equities. Rising for a third straight day, the 30-share barometer closed higher by 321.99 points or 0.54 per cent at a three-week high of...

10 coal reserves to be e-auctioned on Sep 13 for commercial mining

10 coal reserves to be e-auctioned on Sep 13 for commercial mining

Monday, 12 September 2022 | IANS | New Delhi

The Coal Ministry will launch e-auction of 10 reserves on September 13 for commercial mining, out of which eight blocks would be put up for auction on Tuesday, while two reserves will be put on offer on September 14, official sources said. They also said that technical evaluation of bids has...

India's milk production growth at 6%, more than global average, says PM

India's milk production growth at 6%, more than global average, says PM

Monday, 12 September 2022 | IANS | New Delhi

Prime Minister Narendra Modi on Monday said that milk production in the country has gone up to 210 million tonnes from 146 million tonnes in 2014, which is an increase of 44 per cent. Addressing dignitaries after inaugurating the International Dairy Federation World Dairy Summit 2022 in Noida, Uttar Pradesh, Modi...

Sensex revisits 60k-mark in early trade

Sensex revisits 60k-mark in early trade

Monday, 12 September 2022 | PTI | Mumbai

Equity benchmarks made a positive start to the week on Monday amid a supportive trend in Asian markets and robust foreign fund inflows. Trading momentum was positive ahead of retail inflation and industrial output data, which will be announced after market hours. Rising for the third straight session, the 30-share BSE Sensex...

Finmin mulls changes in insurance laws

Finmin mulls changes in insurance laws

Monday, 12 September 2022 | PTI | New Delhi

The finance ministry is contemplating changes in insurance laws, including reduction in minimum capital requirement, with a view to increasing the insurance penetration in the country. Insurance penetration in India increased from 3.76 per cent in 2019-20 to 4.20 per cent in 2020-21, registering a growth of 11.70 per cent. Insurance...

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